Time Warner Center at 25 Columbus Circle (iStock, Tdorante10, CC BY-SA 4.0, via Wikimedia Commons)
Once dubbed the “Psychic Hotline King”, Steven Feder is once again trying to sell his hotline bling.
Feder’s 4,500 square foot Time Warner Center penthouse with five bedrooms and six and a half bathrooms is back on the market at $40 million, according to a Streeteasy listing.
No one knows what price the unit will fetch, let alone its owner, though his network of psychic readers amassed a fortune with telephone tarot readings by “Miss Cleo” in the late 1990s.
The Time Warner Center penthouse (StreetEasy)
His asking price at 25 Columbus Circle fluctuated. The apartment came on the market in 2010 at $35 million with Brown Harris Stevens. He hit $60 million in 2011 with Sotheby’s International Realty, and then brought in $100,000 a month in rent.
The apartment returned to the market in June 2020 asking for $35 million from Sotheby’s before the price was raised to its current amount. Feder bought the house in 2008 for $24.5 million.
The penthouse has a wood-paneled library and a “baronial” media and family room with river and city views. Each of its five bedrooms comes with a bathroom, according to the listing.
The listing disappeared from Streeteasy last December, thanks to a policy that requires agents to check sales details every 120 days, according to a Streeteasy representative. When listings are not checked consistently, it may appear that these properties are no longer for sale.
The Time Warner Center penthouse (StreetEasy)
As Manhattan’s luxury market rebounded, Feder’s apparent desire to sell also increased, and the listing reappeared.
Built at the turn of the millennium, the Time Warner Center was once the pinnacle of high living in New York. But partly because of its success, competition steadily emerged along Billionaires Row as developers built one meager residential tower after another.
Still, negotiability in Manhattan for units priced at $4 million and above recently fell to zero percent, meaning buyers looking to find a better price may be out of luck. However, discounts on apartments with eight-figure price tags can still be obtained.