Murphy cuts house price by $15 million

Murphy cuts house price by $15 million © WENN

2009-10-21 14:53:01 - Eddie Murphy is suffering in the global economic downturn - he's been forced to slash the asking price for his home by $15 million .

Eddie Murphy is suffering in the global economic downturn - he's been forced to slash the asking price for his home by $15 million .
The Shrek star put his New Jersey estate on the market almost five years ago, with a price tag of $30 million .
The property, which boasts a bowling alley, theater and recording studio, failed to sell - and the price has now been cut by half, according to the New York Daily News.
Real estate broker Dennis McCormack says, "It's a beautiful house and 10 minutes from Manhattan. The home was recently renovated and I listed it three weeks ago."