Gramercy 1860 (Compass)
When Gramercy 1860 was under construction, hopes were high for the boutique building. It was designed by PJAR Architects, the firm founded by first-ever Pritzker Prize laureate Phillip Johnson; every unit has extensive square footage and some degree of private outdoor space; and all interiors features luxurious finishes – as one demolition worker observed, “The tubs alone cost $20,000.”
Years after sales launched, though, the building remains stubbornly below 50% sold. Two units in the building were up for auction last year, but now they are back on the market with prices reduced by upwards of 20% on three of the five public availabilities. The sponsor has also introduced a closing cost concession for these units.
Years after sales launched, though, the building remains stubbornly below 50% sold. Two units in the building were up for auction last year, but now they are back on the market with prices reduced by upwards of 20% on three of the five public availabilities. The sponsor has also introduced a closing cost concession for these units.
The listings at Gramercy 1860 were among over 180 sales listings in Manhattan that experienced price reductions from January 31 through February 6, 2024. They also include the full-floor home of former American Express CEO James Robinson at the Rosario Candela-designed 778 Park Avenue. It was listed for $25 million in October 2023, but was reduced to $20,000,000 last week.
In this article:
1185 Park Avenue, #16/17F (Corcoran Group)
Further up Park Avenue, a dramatic duplex once owned by Pulitzer Prize-winning playwright Moss Hart and his wife, actress/singer Kitty Carlisle Hart, was among the past week's price cuts. According to an obituary in The Hollywood Reporter, the couple frequently entertained in the apartment. In the years since Mrs. Hart's 2007 death (Mr. Hart predeceased her in 1961), the apartment has been redesigned by acclaimed architect Stephen Wang and updated with Crestron smart home technology, central air conditioning, and electronic window treatments. It was originally listed for $21.5 million in September 2021 and has been on and off the market since; the most recent price cut brings it down to $15,450,000.
A selection of notable listings, along with 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.
Quaker Ridge, #PH18J (Corcoran Group)
From the Listing: Design lovers and entertaining enthusiasts, your dream home awaits in this exquisite three-bedroom, two-bathroom penthouse featuring meticulously renovated interiors, two spacious terraces and a professional-quality kitchen that’s hosted some of the world’s finest chefs. Inside this sophisticated and seamlessly combined residence, oversized windows on three exposures capture extraordinary natural light and open-sky views. Custom walnut built-ins add sleek storage are located exactly where they are needed, while extensive soundproofing creates a pin-drop quiet ambiance. See floor plan and full details here.
21 East 90th Street, #3A (Douglas Elliman)
From the Listing: Rarely available classic seven in coveted Carnegie Hill 24-hour doorman building steps from Central Park. Enter Residence 3A through a semi-private landing and be greeted by a lovely gallery, perfect to showcase your art collection or use as a dining area. The gallery leads to the delightful corner living room with wood-burning fireplace and overlooks a charming courtyard with treetop views, making it a perfect space for hosting family and friends. Other notable features include hardwood floors, beamed ceilings, a washer/dryer, abundant closet space and an extremely large storage unit. See floor plan and full details here.
The Plaza, #1013 (Compass)
From the Listing: This masterfully designed residence in the world renowned Plaza Private Residences has been designed by the well-known AD 100 designer, Richard Keith Langham. Immaculate in every degree with high 12-foot ceilings throughout, the apartment has undergone a meticulous renovation, resulting in an elegant and functional space that caters to modern living. Enhancing the foyer’s grandeur are two columns that frame the remarkable living room, offering breathtaking views of the historic Grand Army Plaza and Fifth Avenue. Impeccable attention to detail is evident throughout the entire home, with noteworthy focal points that captivate the eye. It is equipped with state-of-the-art technology, including Lutron light switches and blackout shades, built-in sound system, top-of-the-line appliances, and an in-unit washer/dryer. See floor plan and full details here.
38 West 26th Street, #PH12 (Douglas Elliman)
From the Listing: This expansive full-floor loft with four exposures and soaring ceilings was meticulously renovated and designed by architect Reinhold Martin for the artist owner's live-work and international pied-a-terre lifestyle. A keyed elevator opens onto private landing hallway on 12th floor and the massive 60’ by 99’ floor plate. The south side's public space consists of an extravagant living area with a vintage wood burning fireplace, a large chef’s kitchen, a dining area, and a bookshelf-lined library. Two bedrooms with abundant light are on the east side, and the north side was once used as the artist’s studio and office. Purchasing the part of the common roof deck can be negotiated with the board. See floor plan and full details here.
76 West 127th Street, #TH (Compass)
From the Listing: This historic 1909 brownstone is an impressive 63’ deep, boasts 5 bedrooms, 6.5 bathrooms, and is a rare combination of classic charm and modern luxury. As you enter the parlor level, you are greeted by a beautiful gathering space with an impressive 30-foot ceiling height. The large chef's kitchen opens to a spacious backyard. The second floor is dedicated entirely to the primary suite, with a luxurious spa-like bathroom, beautifully finished closets, and a serene sitting area. The lower levels of the brownstone are complete with: an enormous private one-bedroom apartment - ideal for accommodating guests, family, a live-in, or leasing out as an income property - and a finished cellar. See floor plan and full details here.
778 Park Avenue, #9THFLOOR (Sotheby's International Realty)
From the Listing: With nearly 100 feet of Park Avenue facing frontage, this full floor home in a Rosario Candela building spans over 6,500 square feet and is defined by 16 voluminous rooms, 6 ensuite bedrooms, 7 full bathrooms and 2 half bathrooms. Natural light streams through 42 oversized sound-proof windows allowing for open views from all four exposures. The east wing of the home is composed of four large public rooms that invite the most gracious entertaining along with the comfort of everyday living. The south wing of the home, accessed through the gracious gallery, offers a large media room/bedroom with full bath, in addition to 4 spacious bedrooms with en suite windowed baths. See floor plan and full details here.
The Schwab House, #15TE (Next Stop NY)
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From the Listing: This tastefully renovated home has one of the largest one bedroom layouts, and includes an additional bonus windowed alcove space! With southern views, this spacious home is not only bathed in sunlight all day, but also has additional western exposures from two living room windows that offer slight views of the Hudson River. The kitchen has been beautifully renovated with Ceasarstone countertops, stainless steel appliances and custom cabinetry. See floor plan and full details here.
1001 Fifth Avenue, #8AB (Douglas Elliman)
From the Listing: Perched near the building’s pinnacle, this residence commands awe-inspiring vistas, offering sweeping views of the Metropolitan Museum of Art and an expansive panorama of Central Park West. The living room, generously proportioned at nearly 30 feet by 24, sets the stage for sophisticated living in one of Fifth Avenue’s prime locations. Embrace the opportunity to breathe life into this seldom-available combination home by bringing your own architect into the fold! See floor plan and full details here.
Gramercy 1860, #4B (Compass)
From the Listing: Unit 4B is a 25’ wide floor-through home with 2 bedrooms, 2 bathrooms and 1,345 interior square feet. Features include floor-to-ceiling windows, northern and southern exposures and a Juliet balcony. The open chef’s kitchen boasts natural quartz countertops, cabinets by Shinoki, appliances by Miele, and fixtures by Grohe. The primary bathroom is a sanctuary of relaxation, featuring luxurious details and high-end finishes. See floor plan and full details here.
Hayden House, #2B (Compass)
From the Listing: This elegant 1-bedroom, 1.5-bathroom home is situated in the historic, Beaux-Arts Hayden House, where residents enjoy a front row seat to the Macy’s Thanksgiving Day Parade. The apartment features classic prewar details including intricate moldings, original herringbone floors, and soaring 11’ ceilings throughout. The entry foyer with three, generous sized closets, leads to the light-filled grand entertaining room with original fireplace (now only decorative) and dramatic window boasting southern, unobstructed views overlooking the Rose Planetarium, Theodore Roosevelt Park, and Central Park. The unit comes with a private storage room. See floor plan and full details here.
Gramercy 1860, #3A (Compass)
From the Listing: Unit 3A is a 25’ wide floor through home with 2 bedrooms, 2 bathrooms and 1,326 interior square feet. Features include floor-to-ceiling windows, northern and southern exposures and a Juliet balcony. The kitchen appliances and washer-dryer are Miele, the unrivaled German appliance maker, and the kitchen and bathroom fixtures are all Grohe. The primary bathroom is a sanctuary of relaxation, featuring luxurious details and high-end finishes. See floor plan and full details here.
475 Sterling Place, #1B (Douglas Elliman)
From the Listing: This stunning, south-facing apartment features real hardwood floors, floor-to-ceiling windows with noise reduction, high ceilings, nest-controlled heating and cooling, quality craftsmanship is evident from every corner of this home. The large kitchen has lots of cabinets for storage, stainless appliances, a stylish tile backsplash, and timeless white cabinetry adorn the chef’s kitchen with a large breakfast bar island that has even more storage. Enjoy numerous entertaining spaces from the living room to the outdoor patio, which exclusively belongs to this unit. Deeded parking included. See floor plan and full details here.
1185 Park Avenue, #16/17F (Corcoran Group)
From the Listing: With the perfect balance of size and comfort, this home, which was once owned by Kitty Carlisle and Moss Hart, feels like a house. Upon entering, you are immediately struck by the double height entrance, staircase and skylight, shedding sunshine throughout the entire apartment. The first floor contains the main living quarters drenched in southern light, and a luxurious curved staircase leads to the four en suite bedrooms, the enormous media room, and three huge terraces. This residence, designed by Stephen Wang, boasts perfectly proportioned rooms for endless entertaining and everyday modern living. See floor plan and full details here.
142 East 71st Street, #1A (The Agency Brokerage)
From the Listing: Bring your architect and your creative vision to transform this space, currently configured as a medical/professional space, into a wonderful new home. 1,650 square feet can easily become a three-bedroom, 2.5-bath maisonette. Outstanding Upper East Side location. Private entrance from street, plus access from lobby. See floor plan and full details here.
Stewart House, #1B (Sotheby's International Realty)
From the Listing: A rare opportunity to own a prime sun flooded residential or professional unit at The Stewart House, a premier full service cooperative in Greenwich Village. The space features an open layout, including two separate entrances - private gated entry from 9th Street as well as hallway entrance in building making it a great fit for live/work set up. Offering high ceilings, natural light and great potential for a traditional 2-bedroom, 2-bath residence or commercial use. See floor plan and full details here.
The Sherry Netherland, #505 (Sotheby's International Realty)
From the Listing: The graciously proportioned #505 was meticulously designed by the famed Jeffrey Bradfield, named a Dean of American Design by Architectural Digest and a Top Ten Designer by The Robb Report. Every exquisite, custom-made detail in this pristine-condition residence is rare and impressive, and reminiscent of another refined era. Superlative elements abound throughout representing an unparalleled quality of craftsmanship, from elegant coffered and tray ceilings to rich woods and intricate marble floors, magnificent moldings, custom millwork doors, a stately marble fireplace mantle, high-end lighting, to premium Bullet brackets and hardware adorning all cabinets and doors. A 137-square-foot windowed storage unit with its own full bath comes with the apartment. 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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