A lavish, three-story SoHo penthouse is selling at a 25% discount.The original asking price was $65 million, and after two price cuts over 1.5 years, it's now asking $48.5 million.The 8,000-square-foot loft is located in the same Manhattan building where late actor Heath Ledger lived before his death.The penthouse was thoroughly renovated over four years and is filled with oversized windows and skylights.It comes with six landscaped terraces and a hot tub.Visit Business Insider's homepage for more stories.A rigorously renovated 8,000-square-foot loft in Manhattan's hip SoHo neighborhood is selling for 25% off.Originally asking $65 million, the triplex penthouse has gotten two price cuts in the past year-and-a-half, bringing its current asking price to $48.5 million.The loft, which sits in the same building where the actor Heath Ledger lived before his death in 2008,was last sold in 2011 for $17 million, according to Curbed New York. The owners spent four years making gut renovations but ultimately decided it was too much space for them, Curbed reported."The penthouse at 421 Broome is truly incomparable," J. Eric Becker, previously of Corcoran and now at Douglas Elliman, told Business Insider. "In all of my years in real estate, I have never seen such a stunning home, with incredible attention to detail and unmatched design sophistication."The property, previously listed by Corcoran and CORE Real Estate, is now listed by Douglas Elliman.Take a look inside the updated luxury penthouse, which comes with six landscaped terraces and a hot tub.SEE ALSO:An NYC penthouse once owned by Demi Moore just hit the market for $50 million, and she's just one of the celebs who have called the iconic Central Park building home. Here's a look inside.READ MORE:The penthouse of NYC's Woolworth Building just got a $31 million price cut. Check out 'The Pinnacle,' which occupies the top 5 floors of the iconic, green-roofed skyscraper.The $48.5 million triplex penthouse sits at the top of the SoHo building where actor Heath Ledger lived before his death.The owners spent four years renovating the luxurious four-bedroom, 6.5-bathroom penthouse, which is in a "landmarked cast-iron condominium dating back to 1873," according to the listing.The building is on Broome Street in New York City's SoHo neighborhood, which was once an industrial district.Source: Corcoran/COREToday, SoHo is a hip shopping area filled with designer boutiques and luxury apartments.Source: NYC GoThe largest of the penthouse's living areas, called the "Great Room," is illuminated by two skylights and six large arched windows overlooking the neighborhood below. Two wood-burning fireplaces face each other from opposite ends of the room.Source: Douglas EllimanA long dining table sits underneath one of the skylights.Source: Douglas EllimanThe spacious kitchen features an 86-inch range and black granite countertops.Source: Douglas EllimanThere's also a wood-burning fireplace, as well as two pantries and wine rooms.Source: Douglas EllimanA black marble staircase leads to the level with the master bedroom suite.Source: Douglas EllimanThe master suite has a wood-burning fireplace, a coffee bar, 20 custom closets, and French doors that open to dual private terraces.Source: Douglas EllimanThe master bathroom comes with two showers and a large soaking tub.Source: Douglas EllimanThe marble bathtub looks out onto the private terrace.Source: Douglas EllimanThe space was designed to merge indoor and outdoor living, with 3,700 square feet of private exteriors. There are six irrigated and landscaped terraces.Source: Douglas EllimanThe outdoor areas are partially covered by heated steel and glass canopies. On the entertaining terrace, there's a wood-burning fireplace and a TV alcove.Source: Douglas EllimanThere's even a hot tub, where the lucky buyer can have a relaxing soak while taking in the views of lower Manhattan.Source: Douglas EllimanThe home also comes with full-time door-attendant services and an exclusive rear yard with two parking spaces.Source: Douglas Elliman Click here to read full news..