When hybrid work arrangements were at their highest, boutique condominiums took shape in stretches of New York beyond the central business districts that allow buyers to get more square footage for their money. But now that more offices have instituted return-to-work policies, some further-flung developments may have started to lose their luster. A case in point is The Diana, a new development condominium in Bedford-Stuyvesant. The building is 80% sold about a year after sales launched, but a full sellout remains stubborn: Five sponsor units have had their prices reduced.
A borough away, even Manhattan buildings are not immune. 75 First Avenue has interiors by Stefano Pasqualetti, floor-to-ceiling windows, high-end appliances and finishes, and a thoughtful amenity package. It also has an address slightly out of the way from most subway lines, which may have been a factor in three sponsor units being reduced.
A borough away, even Manhattan buildings are not immune. 75 First Avenue has interiors by Stefano Pasqualetti, floor-to-ceiling windows, high-end appliances and finishes, and a thoughtful amenity package. It also has an address slightly out of the way from most subway lines, which may have been a factor in three sponsor units being reduced.
The apartments at The Diana and 75 First Avenue were among approximately 320 units throughout New York City that experienced price reductions from June 19-26, 2024. A selection of notable listings, as well as a full chart of last week's price cuts, can be seen below. Please be advised that all quoted figures reflect cumulative price cuts as opposed to the most recent reductions.
In this article:
-12.5% | -100,000
The Harmony, #6N
$699,000
Lincoln Center | Cooperative | 1 Bedroom, 1 Bath
The Harmony, #6N (Compass)
-8.8% | -$70,000
The Diana, #202
$725,000
Bedford-Stuyvesant | Condominium | 1 Bedroom, 1 Bath | 586 ft2
The Diana, #202 (Compass)
-20.3% | -$235,000
The Platinum, #401
$925,000
Midtown West | Condominium | 1 Bedroom, 1 Bath | 837 ft2
The Platinum, #401 (Blu Realty Group)
-13.1% | -$151,000
111 Montgomery Street, #1B
$999,000
Crown Heights | Condominium | 1 Bedroom, 1 Bath | 718 ft2
111 Montgomery Street, #1B (Compass)
-11.4% | $154,000
Sherman Tower East, #2F
$1,195,000
Lenox Hill | Cooperative | 2 Bedrooms, 2 Baths | 1,500 ft2
Sherman Tower East, #2F (Compass)
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-8.3% | -$125,000
Park Gramercy, #PHG
$1,375,000
Gramercy Park | Cooperative | 1 Bedroom, 1 Bath | 900 ft2
Park Gramercy, #PHG (Compass)
The Brevoort, #18O (Douglas Elliman Real Estate)
-49.9% | -$1,745,000
The Silk Building, #1113
$1,750,000
NoHo | Condominium | 2 Bedrooms, 2.5 Baths | 1,851 ft2
The Silk Building, #1113 (Corcoran Group)
-11.9% | -$255,000
The Clocktower Building, #3K
$1,895,000
DUMBO | Condominium | 1 Bedroom, 2 Baths | 1,414 ft2
The Clocktower Building, #3K (Archpoint Advisory Team)
-25.8% | -$695,000
860 United Nations Plaza, #23E
$2,000,000
Turtle Bay/United Nations | Cooperative | 4 Bedrooms, 5.5 Baths
860 United Nations Plaza, #23E (Brown Harris Stevens Residential Sales LLC)
-2.4% | -$55,000
75 First Avenue, #5A
$2,195,000
East Village | Condominium | 2 Bedrooms, 2 Baths | 1,056 ft2
75 First Avenue, #5A (Serhant LLC)
-16.9% | -$468,229
Skyline Tower, #PH202
$2,300,000
Long Island City | Condominium | 2 Bedrooms, 2 Baths | 986 ft2
Skyline Tower, #PH202 (Compass)
-12.1% | -$400,000
Metropolitan Tower, #60D
$2,895,000
Midtown West | Condominium | 2 Bedrooms, 3 Baths | 1,490 ft2
Metropolitan Tower, #60D (Christies International Real Estate Group LLC)
-7.1% | -$250,000
71 Washington Place, #GARDEN
$3,250,000
Greenwich Village | Cooperative | 3 Bedrooms, 2.5 Baths | 2,420 ft2
71 Washington Place, #GARDEN (Brown Harris Stevens Residential Sales LLC)
-20.1% | -$955,000
475 Park Avenue, #10A
$3,795,000
Midtown East | Cooperative | 4 Bedrooms, 4 Baths
475 Park Avenue, #10A (Coldwell Banker Warburg)
-25% | -$1,500,000
719 Greenwich Street, #3S
$4,495,000
West Village | Cooperative | 3 Bedrooms, 3 Baths | 2,800 ft2
719 Greenwich Street, #3S (Brown Harris Stevens Residential Sales LLC)
-13.7% | -$875,000
35 West 23rd Street, #2
$5,500,000
Flatiron/Union Square | Condominium | 4 Bedrooms, 2.5 Baths | 3,500 ft2
35 West 23rd Street, #2 (Corcoran Group)
-16.4% | -$1,350,000
Trump Tower, #48/49D
$6,900,000
Midtown East | Condominium | 4 Bedrooms, 4.5 Baths | 3,316 ft2
Trump Tower, #48/49D (Douglas Elliman Real Estate)
-25.4% | -$3,045,000
Charlotte of the Upper West Side, #GARDEN
$8,950,000
Broadway Corridor | Condominium | 4 Bedrooms, 5 Baths | 3,570 ft2
Charlotte of the Upper West Side, #GARDEN (CORE Group Marketing LLC)
Would you like to tour any of these properties?
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Or call us at (212) 755-5544
Would you like to tour any of these properties?