875 Fifth Avenue, #12B (Corcoran Group)
In New York, there is no question that park-facing real estate is in high demand and can command equally high prices -- such listings regularly rank among Manhattan's top sales and top contracts. But as price reductions from May 1-7, 2024 show, some stratospheric park-side prices are starting to come a little closer down to Earth.
Such listings were among over 400 condos, co-ops, condops, and townhouses that experienced reductions. These also included four sponsor units at Smithsonian Place, a new development condominium in Harlem, approximately three months after sales launched. The building dates back to the late 19th century and was restored to its former glory, but the interiors were transformed into modern residential units.
In this article:
A selection of notable listings, as well as a full chart of last week's price cuts, may be seen below. Please be advised that all quoted figures reflect cumulative price cuts as opposed to the most recent reductions.
Parkfront Price Cuts
173 Perry Street, #8N (Sotheby's International Realty_
From the Listing: Re-introducing, at an inviting new price, this move-in ready home with 10+ foot ceilings, floor-to-ceiling windows, and two private terraces. Enter into the windowed private landing with abundant storage and closets. Onward, past the washer/dryer, to the beautiful brand-new kitchen with an abundance of top appliances. See floor plan and full details here.
The Clocktower Building, #14THFLOOR (Sotheby's International Realty)
From the Listing: A privately keyed elevator unveils the entrance to this stunning,fully gut-renovated penthouse loft in the coveted clocktower condominium. Enjoy breathtaking 360-degree views encompassing the Manhattan Skyline, Brooklyn Skyline, Brooklyn Bridge Park, and an eye-level perspective of the three iconic Bridges. This sprawling loft includes an open chef’s kitchen and living area along with three bedrooms, a library, three full baths, a powder room, a wine bar, and a butler’s pantry. See floor plan and full details here.
45 Gramercy Park North, #4B (Douglas Elliman)
From the Listing: A semi-private elevator landing leads to an enormous sun-flooded living room with a decorative fireplace and stunning southern views overlooking Gramercy Park. The dining room can easily accommodate a dinner party and is interchangeable with everyday modern living. Throughout, the residence retains its timeless pre-war allure, characterized by high ceilings, classic beams and beautiful hardwood flooring. Key to Gramercy Park included! See floor plan and full details here.
The Plaza, #1801/1901 (Brown Harris Stevens)
From the Listing: Extremely rare opportunity to capture almost 8,000 square feet and create a palatial duplex at The Plaza Private Residences with 16 windows directly overlooking Central Park by combining Residences 1901 and 1801. Residence 1901 feels like a grand home in a hotel, and Residence 1801 feels palatial in all ways, from the finely detailed molding to the expansive size. See floor plan and full details here.
1 John Street, #9D (Douglas Elliman)
From the Listing: As you enter this expansive sanctuary, be prepared to be dazzled by soaring 11-foot ceilings that open up the room and floor-to-ceiling windows that frame jaw-dropping panoramic views of the shimmering waterfront and the mesmerizing city skyline. The interiors, painstakingly curated by the renowned Sasha Berlin, embody the pinnacle of bespoke luxury, reflecting a dedication to crafting truly exceptional spaces. The kitchen, a culinary haven in its own right, flaunts a full Gaggenau appliance suite. Driven seller offering an exclusive benefit! 24-month real estate tax credit at closing, available until the end of the year. See floor plan and full details here.
220 Riverside Drive, #20L (Douglas Elliman)
From the Listing: Welcome to Residence 20L, a true gem on Riverside Boulevard. The oversized windows provide golden sunshine by day and mesmerizing sunsets at night. The expansive open-concept living space is smartly designed around a stylish kitchen with a central island, creating an inviting atmosphere that’s an entertainer’s delight. Double storage unit included. See floor plan and full details here.
35 Sutton Place, #16B (Coldwell Banker Warburg)
From the Listing: The recently renovated Residence #16B has spectacular, panoramic and unobstructed views overlooking the East River. It has high-end finishes including a chef’s kitchen, with stainless steel appliances, and new countertops and backsplash. There are beautiful wood floors, detailed crown and baseboard moldings, oversized windows, a washer/dryer, a large den, and a wonderful terrace. See floor plan and full details here.
875 Fifth Avenue, #12B (Corcoran Group)
From the Listing: Alluring views, beautiful detailed interiors and a supreme location make this rare prewar 2-bedroom duplex a must-see. Enter this apartment off a landing into a lovely gallery with a beautiful sweeping staircase with an Art Deco banister that ascends to the bedroom level. The living room connects to a gorgeous dining room which leads to a park facing windowed kitchen with butler’s pantry. See floor plan and full details here.
1255 Fifth Avenue, #5B (Compass)
From the Listing: Discover the epitome of Manhattan living in this distinguished prewar condo, perfectly situated on renowned Fifth Avenue, offering an unrivaled view of Central Park. With double-paned windows ensuring a serene atmosphere, this residence exemplifies the marriage of timeless elegance and modern comfort. See floor plan and full details here.
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Price Cuts
1289 Lexington Avenue, #14C (Brown Harris Stevens)
From the Listing: Residence #14C at 1289 Lexington is a grand two-bedroom home with southern light streaming through oversized windows. The apartment features soaring ceilings and bespoke finishes by AD 100 design firm SheltonMindel. The kitchen boasts extraordinary custom walnut cabinetry, a full suite of Gaggenau appliances, and a venting stove hood. See floor plan and full details here.
The Lookout Hill Condominium, #1B (Berkshire Hathaway HomeServices)
From the Listing: Sprawling garden duplex features soaring 11-foot ceilings and hardwood oak floors on the upper level, where the open floor plan leads seamlessly from the chef’s kitchen to the dining area and living room. The spacious lower level features an oversized skylight, walk-in closet, full bathroom and loft space. Oversized windows showcase the landscaped garden - perfect both for entertaining and relaxing. See floor plan and full details here.
Gracie Plaza, #19E (Elegran)
From the Listing: Quintessential river, city and bridge views, abundant natural light and a spacious, open floor plan make this two-bedroom, two-bath apartment a wonderful find. Newly refinished oak floors, freshly painted, and renovated some years ago, the space is move-in ready – yet also offers a perfect canvas for personalization. See floor plan and full details here.
Smithsonian Place, #207 (Douglas Elliman)
From the Listing: Residence 207 is a 508-square-foot one-bedroom and one-bathroom, offering incredible value for the space and the quality. Expansive double-glazed casement windows saturate each home with natural light, typical ceiling heights from 9 to 10 feet, white oak hardwood flooring and fitted bedroom closets and washer/dryer cabinets. The kitchen features custom light grey cabinets with brushed brass accents, a natural granite countertop and backsplash, Rubinet pot-filler and faucet, and Fisher & Paykel induction cooktop and oven. See floor plan and full details here.
221 East 50th Street, #8AB (Compass)
From the Listing: This sun-filled, beautifully combined two-unit residence is a true gem, offering two bedrooms, two bathrooms, and ample storage space throughout. As you enter, the stunning foyer sets the tone for the airy and spacious interior, with its southern exposure flooding the space with natural light and breathtaking views of the surrounding skyline. The open plan design showcases a magnificent great room and a windowed kitchen that is a chef’s delight. See floor plan and full details here.
85 Hall Street, #TH (Compass)
From the Listing: This meticulously maintained 20’ foot wide, two-family townhouse offers a perfect blend of classic charm and modern convenience, presenting an ideal opportunity for both homeowners and investors alike. In the primary residence, step into the modern, open-concept living room with high ceilings and sliding glass doors that lead out to a private outdoor space, complete with permanent landscaping, a deck for entertaining, and a BBQ area. The kitchen boasts marble countertops, custom lighting, an exposed brick wall, and built-in Klipsch ceiling speakers, making it perfect for both everyday living and hosting gatherings. See floor plan and full details here.
2 West 67th Street, #10/11E (Compass)
From the Listing: Come see this special high-floor corner duplex home with sunny south and west exposures in a coveted Central Park West building! The spacious living room features oversized south- and west-facing windows, wonderful built-ins, and a flexible layout with spaces for both a study and a reading/relaxing nook. Through French doors, the oversized chef’s kitchen has up-to-date appliances, solid wood cabinets, and a floor-to-ceiling, west-facing sliding-door window that opens to a platform and views down 67th Street. See floor plan and full details here.
21 West 11th Street, #TH (Sotheby's International Realty)
From the Listing: A comfortable elegance pervades in this historic Greek Revival Federal Style townhome located in downtown Manhattan’s Gold Coast corridor. Designed for gracious living, the parlor floor with its double door foyer entry welcomes guests into an expansive living room that faces south onto West 11th Street and showcases a wood-burning fireplace with original marble surround and walls to display an extensive art collection. The home was frequented over the decades by an artistic circle of friends including W.H. Auden, Philip Roth, neighbor Stanley Kunitz, Jules Feiffer, and Mark Rothko. See floor plan and full details here.
15 Hudson Yards, #PH82C (Corcoran Sunshine Marketing Group)
From the Listing: Penthouse 82C is a spacious three bedroom residence of 2,617 square feet with ceilings up to 10’10"and spectacular Hudson River and Manhattan skyline views. The spacious corner great room measures over 750 square feet and features a windowed open kitchen with custom oak wood cabinetry and Miele appliances. The primary bedroom suite offers generous storage space including two large walk-in closets and a windowed primary bath. Bedrooms 2 and 3 have en-suite baths and great closet space. See floor plan and full details here.
103 East 84th Street, #PHD (Douglas Elliman)
From the Listing: Bright and quiet, the Penthouse floor studio boasts a renovated bathroom, efficiency kitchen, a private terrace, and a deeded storage unit. Building amenities and staff include a full time doorman, live-in superintendent, a central laundry room and bicycle storage. Seller offering a $1,000/month contribution to monthly maintenance for 12 months. See floor plan and full details here.
Would you like to tour any of these properties?
Just complete the info below.
Or call us at (212) 755-5544
Would you like to tour any of these properties?
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