The 5,725 square-foot New York penthouse that Mary-Kate and Ashley Olsen bought in 2004 for $7.3 million is now on the market for $11,995,000. The penthouse has 5 bedrooms, 4.5 bathrooms and two private elevators. Although the twins helped create the space, it's mostly been a rental since it was built. The New York Observer's Manhattan Transfers blog interviewed Stribling & Associates vice president Charlotte Van Doren about the penthouse.

“It’s very dramatic, very dramatic; you walk in and it’s right there, bang,” Ms. Van Doren said. That living/dining room, the master bedroom, the master dressing room (“as large as a large maid’s room, basically”) and two extra bedrooms have open harbor views facing south.

• Empty House! Olsen Twins List Morton Square Penthouse (Again) for $11.9 M
• Listing (With Photo Gallery)
• UPDATE: Olsen Twins