A controversial NYC townhouse is in contract for $11.5 million after getting a $40 million price cut and spending 6 years on and off the market. Take a look inside.
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Courtesy Compass

A New York City townhouse that listed for $50 million in 2014 is finally in contract for $11.5 million, Jennifer Gould Keil reported for the New York Post.

Located just north of the United Nations, the property is the former home of CBS founder William Paley as well as a jetsetting Iranian princess.

The property has been the center of a legal battle since the princess' death in 2016.

Here's a look inside the seven-story home, which comes with an elevator and sweeping views of...

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