MAP: Last Week's Biggest Price Cuts for NYC Homes Under $1 Million

By Michelle Mazzarella | From Great Listings Tuesday, September 25, 2018

55 Maspeth Avenue via Elliman

For many New Yorkers, living on Park Avenue or Madison Avenue is a pipe dream. However, price cuts designed to bring a unit further in line with market realities can put once-unattainable neighborhoods within reach for a wider audience. Here are the largest price cuts from the past week for condos and co-ops listed under $1 million.

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-14.6% | -$145K

211 East 51st Street, #5A | $850,000

Condo | 1 bedroom, 1 baths | 680 ft²

All images of 211 East 51st Street via Halstead

Kitchen

Bedroom

Boutique-style luxury condo features hardwood floors, luxury finishes, and custom built closets throughout. The kitchen comes outfitted with an open island, custom cabinetry, marble surfaces, and Bosch appliances. See floor plan and full details here.

-15.4% | -$90K

The York Gate, 405 East 63rd Street, 6G | $495,000

Co-op | 1 bedroom, 1 bath

All images of The York Gate via Halstead

Kitchen

Bedroom

Extra large co-op features southern exposures, new chef's kitchen, and wonderful city views. It is conveniently located near the Second Avenue subway, Bloomingdale's, and popular Upper East Side shopping and dining. See floor plan and full details here.

-16.7% | -$175K

Mayfair Towers, 15 West 72nd Street, #6B | $875,000

Co-op | 1 bedroom, 1 bath | 890 ft²

All images of Mayfair Towers via Corcoran

Dining area

Kitchen

Bedroom

Expansive apartment near Central Park features a galley kitchen, a generous living room, a formal dining alcove, a large bathroom with soaking tub, copious closet space, and plenty of sunlight. The space lends itself easily to a two-bedroom conversion. See floor plan and full details here.

-16.7% | -$50K

2090 Madison Avenue, #4B | $249,999

Co-op | 2 bedrooms, 1 bath

All images of 2090 Madison Avenue via Benjamin Rose Real Estate

Kitchen

Bedroom

Upon entering this newly updated home, an endless gallery leads straight into a sunny living room and dining alcove with triple window-exposure, the perfect space for entertaining or creating a home office or gym. Additional features include hardwood flooring throughout, newly updated kitchen and bath, and generous closet and storage space. See floor plan and full details here.

-17.7% | -$195K

650 Park Avenue, #10A | $980,000

Co-op | 1 bedroom, 1 bath | 950 ft²

All images of 650 Park Avenue via Corcoran

Dining area

Kitchen

Bedroom

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Graciously laid out Park Avenue home features south-facing windows, custom built-in bookcases, under window storage cabinets, beautiful hardwood floors, and through-wall air conditioning. A separate hallway leads to the grand master bedroom suite that includes ample closet space, wall of windows, built-in storage, and a master bath with tub and stall shower. See floor plan and full details here.

-18.6% | -$149K

Greenwich Club, 88 Greenwich Street, #613 | $650,000

Condo | Studio, 1 bath | 627 ft²

All images of Greenwich Club via Compass

Kitchen

Sleeping alcove

Loftlike studio features beamed ceilings, gorgeous wide-plank flooring and oversized north-facing windows. The beautifully outfitted kitchen has rows of custom cabinetry and marble countertops surrounding a full suite of top-of-the-line stainless steel appliances. See floor plan and full details here.

-20% | -$200K

55 Maspeth Avenue, #1F | $799,000

Condo | 1 bedroom, 1.5 baths | 1,120 ft²

All images of 55 Maspeth Avenue via Douglas Elliman

Kitchen

Bedroom

Bath

Boutique condo in East Williamsburg boasts soaring 20' ceilings and oversized windows that fill the unit with abundant natural light. The masterfully crafted kitchen showcases custom German cabinetry with white oak open shelving, Fisher & Paykal refrigerator, and Bosch appliance package. See floor plan and full details here.

-20% | -$150K

7 Park Avenue, #83 | $600,000

Co-op | 1 bedroom, 1 bath

All images of 7 Park Avenue via Bamberger Group

Kitchen

Bedroom

Bright corner co-op overlooking Park Avenue boasts a large living room, a bedroom, two closets, and ample cabinetry for wine and other storage. The kitchen is equipped with Viking appliances, stone countertops, and a custom peninsula for additional surface area while cooking or entertaining. See floor plan and full details here.

-22.6% | -$124K

Lincoln Terrace, 165 West 66th Street, #17L | $425,000

Co-op | Studio, 1 bath

All images of Lincoln Terrace via Halstead

Kitchen

Views

Generously proportioned studio features east-facing views, ample sunlight, entry foyer lined with closets, updated bath, and renovated pass through kitchen. Full-service building amenities include 24-hour doorman, indoor garage, valet parking, gym, playroom, storage room, bike room, package room, and laundry room. See floor plan and full details here.

-23.2% | -$300K

Tower East, 190 East 72nd Street, #12A | $995,000

Co-op | 3 bedrooms, 3 baths

All images of Tower East via Warburg

Dining area

Bedroom

Spacious, sun-drenched corner apartment is filled with natural light, oversized windows, and open city views. It is located in a full-service building with tate-of-the-art health club, garage access directly from the building, individual storage bins, laundry room, bike room, roof deck, and playroom. See floor plan and full details here.

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Content Specialist Michelle Mazzarella Michelle is a contributing writer and editor for real estate news in New York City

Read Full Bio | Contact Michelle Mazzarella

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This is your member's center

In this article:

-14.6% | -$145K

211 East 51st Street, #5A | $850,000

-15.4% | -$90K

The York Gate, 405 East 63rd Street, 6G | $495,000

-16.7% | -$175K

Mayfair Towers, 15 West 72nd Street, #6B | $875,000

-16.7% | -$50K

2090 Madison Avenue, #4B | $249,999

-17.7% | -$195K

650 Park Avenue, #10A | $980,000

Select which properties are of interest to you:

-18.6% | -$149K

Greenwich Club, 88 Greenwich Street, #613 | $650,000

-20% | -$200K

55 Maspeth Avenue, #1F | $799,000

-20% | -$150K

7 Park Avenue, #83 | $600,000

-22.6% | -$124K

Lincoln Terrace, 165 West 66th Street, #17L | $425,000

-23.2% | -$300K

Tower East, 190 East 72nd Street, #12A | $995,000

This is your member's center

In this article:

-14.6% | -$145K

-15.4% | -$90K

-16.7% | -$175K

-16.7% | -$50K

-17.7% | -$195K

Select which properties are of interest to you:

-18.6% | -$149K

-20% | -$200K

-20% | -$150K

-22.6% | -$124K

-23.2% | -$300K

Select which properties are of interest to you:

Listings in this article

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