Price Cuts: Designer Tribeca loft slashed by $400K; Reductions at converted Brooklyn brownstone

By CityRealty Staff | From Future New York Friday, December 27, 2024

7 Harrison Street, #ATELIER (Compass)

In Bedford-Stuyvesant, the classic brownstone building at 583 Putnam Avenue was converted to a four-unit boutique condominium. The building's Italianate facade, which dates back to the late 19th century, has been beautifully preserved, while the interiors have been updated to feature such modern conveniences as stainless steel kitchen appliances, stylish primary baths with rainfall showers and anti-fog mirrors, in-unit laundry, Herido home speaker systems, and virtual doorman service. However, it took shape in a crowded boutique condo market, and the developer recently reduced prices on all four units.

-2.1% | -$20,000

583 Putnam Avenue, #2
$930,000

Bedford-Stuyvesant | Condominium | 2 Bedrooms, 1 Bath | 900 ft²

583 Putnam Avenue, #2 (Keller Williams Realty Empire)

From the Listing: The parlor floor's entry feels special; a grand staircase with a traditionally exposed red brick wall leads into a large living room and open spaces. Both bedrooms have access to a tiled private terrace, perfect for morning coffee, and also to a private fenced lower garden with planters, perfect for enjoying the night sky. See floor plan and full details here.

The units at 583 Putnam Avenue were among approximately 60 condos, co-ops, condops, and townhouses that experienced price reductions from December 17-23, 2024. 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.

-13.8% | -$1,605,000

Archive Lofts, #PH1
$9,995,000

Lenox Hill | Condominium | 5 Bedrooms, 5 Baths | 3,700 ft²

Archive Lofts, #PH1 (Corcoran Sunshine Marketing Group)

From the Listing: Penthouse #1 offers south, east, west and north exposures, 11-foot ceilings, 5-in wide plank engineered oak floors in a chevron pattern, and a keyed elevator entry. The gracious layout features an open kitchen with large island leading to both formal and informal dining, a separate area fully dedicated to entertaining complete with wet bar that features stunning black marble counter tops, additional wine refrigerator and stunning illuminated wine wall storage amongst an expansive 49-foot living room. All windows feature Juliet balconies that welcome in an abundance of natural light as well as floor-to-ceiling sliding glass doors. See floor plan and full details here.

-4.3% | -$405,000

Seven Harrison, #ATELIER
$8,995,000

Tribeca | Condominium | 3 Bedrooms, 3.5 Baths | 3,135 ft²

Seven Harrison, #ATELIER (Compass)

From the Listing: Past the lobby's original mural by celebrated painter Mark Beard, and down a private corridor you enter this home's graceful foyer -- the perfect beat to prepare for the grand salon beyond. Impressive in scale and bathed in beautiful southern light, this spectacular space features a striking custom Luke Lamp Co. light fixture, gas fireplace, delicately curved staircase with mahogany handrail and a magnificent wall of steel casement windows by Bliss Nor-am that opens to a tranquil and private garden. See floor plan and full details here.

-7.7% | -$200,000

The Brevard, #15EFG
$2,400,000

Midtown East | Cooperative | 3 Bedrooms, 3.5 Baths | 2,000 ft²

The Brevard, #15EFG (Next Stop NY)

From the Listing: Discover this extraordinary three-bedroom, three-and-a-half-bathroom residence, offering modern elegance and exceptional comfort. Every detail of this home has been meticulously crafted through a recent high-end renovation. A large living and dining area, perfect for gatherings, accommodates a long dining table for entertaining. Junction boxes in every bedroom are ready for overhead fixtures, and the dining room features a striking Sonneman linear LED pendant. See floor plan and full details here.

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-14.3% | -$350,000

66 East 79th Street, #4N
$2,100,000

Park/Fifth Ave. to 79th St. | Cooperative | 2 Bedrooms, 2 Baths

66 East 79th Street, #4N (Brown Harris Stevens Residential Sales LLC)

From the Listing: This elegant, masterfully designed pre-war cooperative apartment in one of Manhattan's most distinguished buildings, has lovely north and south exposures. A gracious foyer leads to the spacious square living room/dining room with three large windows, built-in bookcases and fireplace. The cheerful eat-in kitchen is well-equipped and includes a washer/dryer and large pantry. A storage room transfers with the apartment. Windows must be replaced within 12 months of closing. See floor plan and full details here.

-8.9% | -$195,005

332 Park Avenue, #TH
$1,999,995

Clinton Hill | Townhouse | 3 Bedrooms, 4 Baths | 3,690 ft²

332 Park Avenue, #TH (Sothebys International Realty)

From the Listing: 332 Park Avenue is a legal two-family townhouse located in the heart of Brooklyn’s historic Clinton Hill. Renovated with hardwood floors throughout, recessed lighting, and modern kitchens equipped with stainless steel appliances and custom cabinetry, this home offers nearly 3,700 square feet of interior living space and an additional 1,400 square feet of outdoor space. Outdoor areas include a front porch and yard, a spacious rooftop with stunning views of the neighborhood and Manhattan skyline, and two balconies. See floor plan and full details here.

-6.5% | $90,000

The Parc Vendome, #8D
$1,295,000

Midtown West | Condominium | 1 Bedroom, 1 Bath | 1,179 ft²

The Parc Vendome, #8D (Christies International Real Estate Group LLC)

From the Listing: This exceptionally capacious home is a pre-war gem, eight stories above one of the most quintessential areas of all of New York City! Step through the entrance foyer and you are drawn to the natural light through the long set of casement windows running the width of the living room. The open design of the dining room into the oversized living area with its decorative fireplace, and high beamed ceilings, evinces a pre-war style of multiple living room spaces. The kitchen has been recently renovated with all new appliances. See floor plan and full details here.

-8.9% | $125,000

Riverwalk Court, #4F
$1,275,000

Roosevelt Island | Condominium | 2 Bedrooms, 2 Baths | 1,153 ft²

Riverwalk Court, #4F (Serhant)

From the Listing: This rare, spectacular and extra bright two-bed with dining alcove features panoramic views of the bridge, river and Manhattan skyline, high-end finishes, floor-to-ceiling windows, and in-unit washer and dryer. The open chef's kitchen features stainless steel appliances including a range, refrigerator, dishwasher, pull out pantry, microwave and granite countertops. Storage unit included in price. See floor plan and full details here.

-3.2% | $40,000

583 Putnam Avenue, #4
$1,210,000

Bedford-Stuyvesant | Condominium | 3 Bedrooms, 2 Baths | 1,106 ft²

583 Putnam Avenue, #4 (Keller Williams Realty Empire)

From the Listing: This penthouse duplex is the crown of 583. The first floor of this unit is a beautiful and bright two-bedroom, one-bath that enjoys all of the open feeling, finishes, and conveniences of each of the other units, including the sleek kitchen, beautifully tiled bath, and oversized windows with views of the sky. Each of the bedrooms on this level has access to a private terrace overlooking the gardens below, perfect for morning coffee or stargazing. An iron-railed center stair brings you to the primary suite. See floor plan and full details here.

-6% | $75,000

The Vista on Vinegar Hill, #1B
$1,175,000

DUMBO | Condominium | 2 Bedrooms, 1 Bath | 918 ft²

The Vista on Vinegar Hill, #1B (Compass)

From the Listing: Tucked away at the back of the building, this home offers a serene atmosphere and fall rooms face its own private 195-square-foot outdoor space. The open airy living area is highlighted by a south-facing wall of windows which overlooks your private terrace. The kitchen is nicely appointed and complete with brand-new stove, Sub-Zero fridge, and Bosch dishwasher. The expansive primary bedroom has a wall of windows and can easily fit a king-sized bed. Indoor deeded parking space available for purchase. See floor plan and full details here.

-16.7% | $200,000

The Oliver Cromwell, #4GH
$999,000

Central Park West | Cooperative | 2 Bedrooms, 2 Baths

The Oliver Cromwell, #4GH (Compass)

From the Listing: Phenomenal prewar two bedroom, two full bathroom, home office and separate dining area now available steps from Central Park. Original hardwood floors, pre-war charm including arch doorways, beam ceilings and timeless appeal make this home a true gem. The kitchen has been renovated with stainless steel appliances and custom cabinets and offers a perfect modern touch. Owner says sell! See floor plan and full details here.

-13.6% | -$150,000

London Terrace Towers, #3C
$950,000

Chelsea | Cooperative | 1 Bedroom, 1 Bath | 875 ft²

London Terrace Towers, #3C (Douglas Elliman Real Estate)

From the Listing: Prewar one-bedroom apartment in the iconic London Terrace Towers boasts double exposures and enjoys brilliant light throughout the day while delivering epic sunset light at dusk. An L-shape entry foyer leads to a very spacious living room that can easily accommodate entire dining + living room ensembles. An enormous walk-in closet / space can be turned into a home office alcove area. No board interview required, and not subject to the 2% of purchase price co-op transfer tax. See floor plan and full details here.

-11.8% | -$100,000

301 East 62nd Street, #7K
$750,000

Lenox Hill | Cooperative | 1 Bedroom, 1 Bath | 800 ft²

301 East 62nd Street, #7K (Compass)

From the Listing: Welcome to your newly renovated oasis in the heart of the Upper East Side! The light-filled interior boasts gleaming oak hardwood floors, creating an inviting ambiance throughout. The brand-new kitchen features custom white cabinetry, new appliances, and ample counter space, perfect for culinary enthusiasts. City Quiet windows, installed by the current owner, offer an incredible, noise-free living experience in the heart of New York City. See floor plan and full details here.

-10% | $69,000

330 Third Avenue, #3H
$620,000

Gramercy Park | Cooperative | 1 Bedroom, 1 Bath | 750 ft²

330 Third Avenue, #3H (Douglas Elliman Real Estate)

From the Listing: This beautiful home affords comfortable city living at a convenient Manhattan address. An entry foyer with large closets invites you inside, to find elegant light-filled interiors graced by rich hardwood floors and oversized picture windows overlooking greenery of the trees. Relax or entertain in the generous living room which has plenty of space for a dining area. The stylish kitchen is well-designed with ample wood cabinetry, black countertops, and stainless steel appliances. See floor plan and full details here.

-6.2% | -$35,100

Tracy Towers, #11K
$529,900

Gramercy Park | Cooperative | Studio, 1 Bath

Tracy Towers, #11K (Sothebys International Realty)

From the Listing: Generously apportioned high-floor alcove studio can readily convert to a junior one-bed with a windowed alcove that comfortably fits a queen-sized bed and more. A separate dressing area / closet between the alcove and bathroom features hanging rods, adjustable shelves and built in dresser to store an array of clothing. The opened and gut-renovated kitchen features modern appliances including a full-size fridge, dishwasher and gas range with built-in overhead microwave. See floor plan and full details here.

-18.9% | -$116,000

Towers on the Park III, #12E
$499,000

Harlem | Condominium | 1 Bedroom, 1 Bath | 595 ft²

Towers on the Park III, #12E (Douglas Elliman Real Estate)

From the Listing: Perched on the 12th floor, this bright and sunny one-bed boasts stunning northwest-facing views, offering a picturesque panorama of Morningside Park and the awe-inspiring Cathedral of Saint John the Divine. The apartment is partially renovated with Italian-manufactured oak flooring and custom A/C sleeves installed in both rooms. The open kitchen sports white oak cabinetry, stainless steel fridge, and dishwasher. See floor plan and full details here.

-5.1% | -$15,000

Tudor Tower, #1902
$280,000

Turtle Bay/United Nations | Cooperative | Studio, 1 Bath

Tudor Tower, #1902 (Compass)

From the Listing: 19th-floor studio with beautiful open northern exposure and East River views. The kitchenette features a two-burner electric cooktop, mini fridge, and microwave oven. Straight-line studio with plenty of closet space. Electricity, heat, and water are included in the monthly maintenance. See floor plan and full details here.

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This is your member's center

-2.1% | -$20,000

583 Putnam Avenue, #2
$930,000

In this article:

-13.8% | -$1,605,000

Archive Lofts, #PH1
$9,995,000

-4.3% | -$405,000

Seven Harrison, #ATELIER
$8,995,000

-7.7% | -$200,000

The Brevard, #15EFG
$2,400,000

Select which properties are of interest to you:

-14.3% | -$350,000

66 East 79th Street, #4N
$2,100,000

-8.9% | -$195,005

332 Park Avenue, #TH
$1,999,995

-6.5% | $90,000

The Parc Vendome, #8D
$1,295,000

-8.9% | $125,000

Riverwalk Court, #4F
$1,275,000

-3.2% | $40,000

583 Putnam Avenue, #4
$1,210,000

-6% | $75,000

The Vista on Vinegar Hill, #1B
$1,175,000

-16.7% | $200,000

The Oliver Cromwell, #4GH
$999,000

-13.6% | -$150,000

London Terrace Towers, #3C
$950,000

-11.8% | -$100,000

301 East 62nd Street, #7K
$750,000

-10% | $69,000

330 Third Avenue, #3H
$620,000

-6.2% | -$35,100

Tracy Towers, #11K
$529,900

-18.9% | -$116,000

Towers on the Park III, #12E
$499,000

-5.1% | -$15,000

Tudor Tower, #1902
$280,000

This is your member's center

-2.1% | -$20,000 583 Putnam Avenue, #2$930,000

In this article:

-13.8% | -$1,605,000 Archive Lofts, #PH1$9,995,000

-4.3% | -$405,000 Seven Harrison, #ATELIER$8,995,000

-7.7% | -$200,000 The Brevard, #15EFG$2,400,000

Select which properties are of interest to you:

-14.3% | -$350,000 66 East 79th Street, #4N$2,100,000

-8.9% | -$195,005 332 Park Avenue, #TH$1,999,995

-6.5% | $90,000 The Parc Vendome, #8D$1,295,000

-8.9% | $125,000 Riverwalk Court, #4F$1,275,000

-3.2% | $40,000 583 Putnam Avenue, #4$1,210,000

-6% | $75,000 The Vista on Vinegar Hill, #1B$1,175,000

-16.7% | $200,000 The Oliver Cromwell, #4GH$999,000

-13.6% | -$150,000 London Terrace Towers, #3C$950,000

-11.8% | -$100,000 301 East 62nd Street, #7K$750,000

-10% | $69,000 330 Third Avenue, #3H$620,000

-6.2% | -$35,100 Tracy Towers, #11K$529,900

-18.9% | -$116,000 Towers on the Park III, #12E$499,000

-5.1% | -$15,000 Tudor Tower, #1902$280,000

Select which properties are of interest to you:

Listings in this article

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-2.1% | -$20,000

583 Putnam Avenue, #2
$930,000

-13.8% | -$1,605,000

Archive Lofts, #PH1
$9,995,000

-4.3% | -$405,000

Seven Harrison, #ATELIER
$8,995,000

-7.7% | -$200,000

The Brevard, #15EFG
$2,400,000

-14.3% | -$350,000

66 East 79th Street, #4N
$2,100,000

-8.9% | -$195,005

332 Park Avenue, #TH
$1,999,995

-6.5% | $90,000

The Parc Vendome, #8D
$1,295,000

-8.9% | $125,000

Riverwalk Court, #4F
$1,275,000

-3.2% | $40,000

583 Putnam Avenue, #4
$1,210,000

-6% | $75,000

The Vista on Vinegar Hill, #1B
$1,175,000

-16.7% | $200,000

The Oliver Cromwell, #4GH
$999,000

-13.6% | -$150,000

London Terrace Towers, #3C
$950,000

-11.8% | -$100,000

301 East 62nd Street, #7K
$750,000

-10% | $69,000

330 Third Avenue, #3H
$620,000

-6.2% | -$35,100

Tracy Towers, #11K
$529,900

-18.9% | -$116,000

Towers on the Park III, #12E
$499,000

-5.1% | -$15,000

Tudor Tower, #1902
$280,000