There's good news and bad news for Jon Bon Jovi when it comes to his New York City real estate holdings. 

On the one hand, reports that he's taken his penthouse in New York's trendy SoHo neighborhood off the market.  It failed to sell, even after he dropped the price from $45 million to a measly $39.9 million.  Experts believe the 7,452-square-foot home was still over-priced, especially since the resale market for super-expensive properties has softened.

Now, the good news: The failure to sell one pricey property hasn't deterred the New Jersey rocker from looking at a new place that could be even more expensive.  The New York Post reports that Bon Jovi and his wife were spotted touring some brand-new penthouses that have been constructed in a building in the equally trendy NoLIta neighborhood of the Big Apple.  The units, which haven't officially gone on sale yet, are priced from around $21 million to a whopping $60 million.


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