Nightlife mogul Neil Moffitt just slashed the price of his penthouse - the most expensive apartment ever sold in downtown Manhattan - to $55 million

It's a buyer's market for luxury penthouses these days.

Consider this downtown Manhattan apartment - listed in 2015 for $70 million, and now slashed down to $55 million, The Real Deal reports. That's a cut of over 20%.

The apartment is Walker Tower's Penthouse One, located at 212 West 18th Street in Chelsea and currently owned by hospitality mogul Neil Moffitt, CEO of Hakkasan Group. When he bought the penthouse in 2014 for $50.9 million, it was the most expensive downtown Manhattan sale in history.

Click through to see inside the five-bedroom penthouse - with skyline views that just might be worth the price.

Brittany Fowler wrote an earlier version of this article.