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Celebrity chef and international restaurateur Bobby Flay, host and exec producer of reality TV cooking competition “Beat Bobby Flay,” has had a tough time selling off a luxury duplex condo in New York City’s Chelsea neighborhood.

But rather than going the customary route of a price reduction to entice potential buyers, he raised the asking price from million to .25 million. The duplex condo, in the same building where Katie Holmes holed up after she split from Tom Cruise, is a combination of two units, the first acquired in September 2000 for 5,000, and the second in early 2005 for

Celebrity chef and international restaurateur Bobby Flay, host and exec producer of reality TV cooking competition “Beat Bobby Flay,” has had a tough time selling off a luxury duplex condo in New York City’s Chelsea neighborhood.

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Celebrity chef and international restaurateur Bobby Flay, host and exec producer of reality TV cooking competition “Beat Bobby Flay,” has had a tough time selling off a luxury duplex condo in New York City’s Chelsea neighborhood.

But rather than going the customary route of a price reduction to entice potential buyers, he raised the asking price from $7 million to $7.25 million. The duplex condo, in the same building where Katie Holmes holed up after she split from Tom Cruise, is a combination of two units, the first acquired in September 2000 for $815,000, and the second in early 2005 for $1.5 million.

.5 million.

One man was seen patting its head and throat while another put its saddle back on and took a look at its shoes. It's unknown how the horse came to be wandering the streets on its own, although a stable that houses horses that are used in carriage rides around the city is close by.

The fifth floor corner unit has a desirable direct-entry elevator entrance, an over-sized foyer, a colossal combination living/dining space that stretches to almost 41-feet-long with half of a dozen oversized arched windows, and a spacious and sleekly appointed eat-in kitchen with large work island and wet bar.

Bedrooms are separated into two wings for optimal privacy.

A runaway horse ended up being hit by a yellow cab in the middle of Manhattan's rush hour traffic on Monday morning.

Although no one was hurt, the horse was seen being looked over by concerned individuals as it was standing on the sidewalk at Eighth Avenue and 56th Street.

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