141 West 26th Street, #2FL (Compass)
To look at New York's top sales and contracts, one would think buyers couldn't get enough of enormous apartments and townhouses. That may be true of the city's uber-luxury buyers; however, a look at CityRealty data at all price points shows that Manhattan five-bedrooms sat on the market 80% longer before signing into contract than their two-bedroom counterparts. In 2022, five-bedrooms stayed on the market for an average of 183 days, as compared to two-bedrooms, which averaged 101 days.
It is too soon to say what could be driving the trend, but it should be noted that the rise in remote and hybrid work arrangements means that the city's workers do not necessarily have to live in Manhattan. The same may yet be the case for education; new research from Burbio, a company that tracks COVID-related education, shows that New York experienced the sharpest decline in school enrollment of any state. Some of this may be motivated by the rise of online education options, and others may be the results of people who traded in Manhattan living for a suburban house during the pandemic.
In this article:
From April 27-May 3, 2022, a total of 378 sales listings all over New York experienced price reductions. A full, sortable chart may be found below, along with a selection of notable, sizable listings with recent price cuts.
Bleecker Court, #812 (Compass)
From the Listing: Three adjacent units were thoughtfully combined to create this sprawling multi-level four-bedroom, four-bathroom home with loft-like proportions. With its generous proportions, soaring 10-foot-tall ceilings in the living area and lovely southern and eastern exposures, the dramatic corner living room is sure to become a central gathering place in this expansive home. Below, a spectacular chef's kitchen dazzles with swaths of marble, abundant cabinetry, designer lighting and premium stainless steel appliances, including a six-burner range, dishwasher and built-in microwave. This home also comes with a key to the coveted Washington Square Village 'Key Park.' See floor plan and full details here.
Ritz Tower, #6B (Douglas Elliman)
From the Listing: Bring your architect to turn this classic residence in your dream home or pied-a-terre! An expansive gallery opens into the gracious south-west corner, sundrenched great room. Located to the right is your oversized primary suite with windowed bathroom that overlooks Park Avenue. Adjacent to the great room is the library, which can be opened up to the great room or used as a third bedroom. Down the hall you will find the kitchen as well as another full bathroom. Last but not least your secondary bedroom which is larger than most primary bedrooms is conveniently located on the other side of the home leaving plenty of space for privacy. Oversized closets can be found throughout this magnificent home. See full details here.
50 West 127th Street, #3D (Keller Williams)
From the Listing: Luxury Live Auction! Bidding to start from $1,300,000.00! Harcourts Auctions Certified & Transparent Non-Distressed Auction Platform! Live Auction Thursday, May 5, 2022. No Buyer Premium. All Property, Seller Reports/Disclosures completed. Download at https://liveauction.link/50W127th-3D
From the moment you enter this duplex condo's foyer with chandelier lighting, it has the feel not only as a house, but of a real home. The very generous open floorplan, high coffered ceilings and hardwood floors create a symmetric balance. The open kitchen features granite counters, Sub-Zero refrigerator, dishwasher and stainless-steel appliances. The living room and dining room offer coffered ceilings, floor-to-ceiling retractable windows with marble windowsills. See floor plan and full details here.
From the moment you enter this duplex condo's foyer with chandelier lighting, it has the feel not only as a house, but of a real home. The very generous open floorplan, high coffered ceilings and hardwood floors create a symmetric balance. The open kitchen features granite counters, Sub-Zero refrigerator, dishwasher and stainless-steel appliances. The living room and dining room offer coffered ceilings, floor-to-ceiling retractable windows with marble windowsills. See floor plan and full details here.
Trump Park Avenue, #PH27 (Compass)
From the Listing: Penthouse 27 is a magnificent luxury residence designed by Patricia Bonis Interiors with immaculate views located in one of Manhattan's most exclusive pre-war condominiums right off Park Avenue. The grand interiors provide a seamless flow for upscale living and entertaining. Every detail is of the highest quality, with top-of-the-line finishes throughout such as solid oak wood herringbone floors, striking coffered ceilings, custom moldings, handcrafted Italian brass doorknobs, Fior de Pesco marble baths with bowed white wood cabinetry and Watermark chrome-nickel fixtures, and other refined elements. See floor plan and full details here.
The Allegro, #PHAB (Corcoran)
From the Listing: PHAB is a magnificent and pristine duplex condominium penthouse offering 6 bedrooms, 7 bathrooms, and 2 half baths. Enter a private elevator landing on the 26th floor with double access entry to the apartment for a feel of separate yet commodious wings. The entrance gallery, on the south side of the penthouse floor, meets a 51-foot-long expanse of glass windows flanking one of four terraces. Interiors feature a living room, a formal dining room, a home office with wet bar, a home office/library with wet bar, an eat-in kitchen, two gas fireplaces, and herringbone floors in most rooms. See floor plan and full details here.
78 Charles Street, #1W (Compass)
From the Listing: In a brownstone building dating from the early 1900s, the thoughtful renovation and custom high-end design of this special home combine elegance, functionality, and ease of living. High ceilings, charming detail, new hardwood floors, Venetian plaster walls and ceilings, and a 'real' curved staircase create the feeling of townhouse living but without the responsibility or financial risk. The front window has a view of the quaint townhouses on Charles Street.
The kitchen is centered on an imported dream brass gas stove topped by a magnificent hood. There are closets galore, and the boat enthusiast owners have artfully designed the space to discreetly incorporate every potential inch of storage. See floor plan and full details here.
Madison Square Park Tower, #42B (Compass)
From the Listing: Welcome to this super-luxurious, stunning duplex at Madison Square Park Tower with over 20-foot ceilings featuring two bedrooms, two bathrooms and an open airy office/den. This trophy apartment is perched up on the 42nd floor capturing the most incredible postcard views of the iconic Empire State building, Chrysler building, Freedom Tower, Clock Tower and the Hudson River. The spacious living and gracious dining area feature double-height ceilings with 360-degree views facing north, east, and south. The windowed chef's kitchen is chic with custom-designed Molteni cabinetry, marble countertops with Sub-Zero, Miele appliances, and a vented hood, perfect for a master chef. See floor plan and full details here.
The Pierre, #4007 (Compass)
From the Listing: Don't miss the opportunity to own this chic and gorgeous 40th floor apartment at the Pierre with a multitude of elegant custom finishes throughout. The spacious apartment is currently configured as a one-bedroom unit but can easily be converted into a gracious two-bedroom space. There are two full bathrooms, a generously sized renovated kitchen and countless hidden closets. From the Central Park Zoo all the way to the George Washington Bridge you will spend your time gazing upon one of the most beautiful vistas in town! See floor plan and full details here.
The Ansonia, #7144 (Corcoran)
From the Listing: This impressive 3-bedroom, 2.5-bathroom condominium provides a coveted opportunity to live at the legendary Ansonia. The grand 1,805-square-foot layout provides an abundance of natural light from its north, east, and west exposures. The gracious entrance foyer leads into an oversized great room, including original herringbone floors, impressive 10-foot+ ceiling heights and cornice moldings throughout. The eat-in chef's kitchen is equipped with Miele, Wolf and Sub-Zero appliances as well as extensive pantry storage.
See floor plan and full details here.
420 Beekman Hill, #5D (Compass)
From the Listing: This sprawling two-bedroom, two-bathroom home features bright southern exposures with serene views overlooking historic Beekman townhomes. The expansive living room features brand new hardwood floors, crown molding and a separate dining area. The windowed kitchen has an abundance of storage, granite counter tops and stainless steel appliances. The master bedroom also features oversized closets as well as an en-suite bath. Cable and Wifi are included in the maintenance. See floor plan and full details here.
Morningside Gardens, #9C (Compass)
From the Listing: As soon as you enter this airy apartment, you are impressed by the bright and airy feel of this newly renovated unit. Tucked away at the end of the hall, this home has double exposures and oversized double-paned windows. The very flexible living/dining area is suitable for entertaining or quiet relaxing. The windowed eat-in kitchen has all new appliances, cabinets, counter tops, and sink. Two true bedrooms are nicely separated from the main living area. Additional features include brand new natural hardwood floors throughout, all new light fixtures, and six generous closets. Permanently installed window A/C units included. See floor plan and full details here.
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121 Kingsland Avenue, #1A (Corcoran)
From the Listing: This great duplex maximizes cost, function, space and flexibility. On the main floor there is a nicely-sized bedroom, a full and big bathroom perfect to unwind and relax, open kitchen and nicely sized living room. The modern kitchen is fully equipped with stainless steel appliances, a breakfast bar, a wine cooler, and stunning grey lacquer and glass cabinetry. One flight down (accessed via internal spiral staircase or independent basement entrance) there is a nicely sized room that is great for an office, studio, rec-room or guest-room, along with an ample half bathroom with washer/dryer and great closet space. Split air-conditioning units are strategically installed throughout the apartment. A tax abatement is in effect until 2026. See floor plan and full details here.
The Altamonte, #1D (Compass)
From the Listing: Situated on a beautiful tree-lined block in the Morningside Heights Historic District sits this architecturally distinctive prewar boutique coop just waiting to welcome you home! As you enter into the gracious open living and entertaining space you will enjoy the perfect mix of updated elements and original detail. The apartment offers a well flowing layout with windows in every room and natural light throughout. The high ceilings and four extra large windows on the main floor allow the natural light to flow in and enhance the Brazilian Oak floors and the Mahogany trim detail.
See floor plan and full details here.
The Empire, #4C (Sotheby's International Realty)
From the Listing: Spacious and with a great floor plan, this 2-bedroom, 2.5-bath apartment in the prestigious Empire Condominium is now on the market. The elegant entry foyer opens to a large living / dining room facing trees and townhouses on East 78th Street. Also, off the foyer is a beautifully appointed powder room for guests. The kitchen features fabulous wood cabinetry and top-of-the-line appliances. With 1,513 square feet of well laid out space, wonderful light and oversized windows, this home will meet all your needs. See full details here.
419 East 57th Street, #9A (Fox Residential Group)
From the Listing: This truly elegant and beautifully renovated high floor residence boasts brilliant light throughout the day. Enter a gracious gallery that leads into a stylish, expansive south-facing living room with a stunning wood-burning fireplace and magnificent hardwood floors. The living room opens into an inviting dining room with a fabulous bar. Both of the bedrooms face south, and the well-appointed primary bedroom has a walk-in closet as well as a luxurious en-suite Waterworks bathroom with a stall shower. See floor plan and full details here.
The Residences at The Ritz-Carlton New York Battery Park, #16C (Compass)
From the Listing: This 1,690-square-foot home makes a dramatic first impression with a gracious foyer below a double tray ceiling. Ahead, the 35ft+ wide great room invites lavish living and entertaining surrounded by classic millwork, herringbone floors and triple-paned windows framing high-floor views to the west, north and east. From sunrise to sunset, buoyant natural light and stunning views of the downtown skyline and shimmering Hudson River become your daily backdrop. The Ritz-Carlton Battery Park condominiums offer a private, residents-only entrance combined with the revered brand's exceptional white-glove amenities. See full details here.
131 East 81st Street, #PHA (Douglas Elliman)
From the Listing: Located between Park and Lexington Ave on 81st Street, this beautiful duplex PH exudes a "wow" from the moment you reach the private vestibule. Stunning handmade iron art nouveau gates open directly into the apartment, to the right is a large eat-in kitchen with two oversized windows facing south and west, custom white calacatta countertops and high-end appliances. To your left is an oversized living room with picture windows, a wood-burning fireplace outfitted with a custom onyx mantle, and a planting terrace. This floor also has a perfectly placed powder room. The upstairs has two bedrooms, each with en-suite baths. See floor plan and full details here.
96 Grand Street, #PH (Douglas Elliman)
From the Listing: With over 3,750 square feet of interior living space and 2,200 sun-kissed square feet of landscaped terrace, this 4-bedroom, 4-bathroom penthouse in the heart of Soho was artfully conceived with high style and modern comfort in mind. Enter directly via key-locked elevator to find an ultra-Zen great room, dining room and open chefs kitchen bathed in natural light from a wall of oversized windows and 12 beautiful skylights. The open kitchen boasts custom Corian cabinets, Valli & Valli hardware, and top of the line appliances including a Thermador fridge, double Miele dishwashers, a Viking range and a four-phase water filtration system. An elegant oak staircase leads you to the gorgeous, landscaped private roof terrace with multiple seating arrangements for living, dining, and lounging, and sweeping, 360-degree, panoramic views.
See floor plan and full details here.
11 Hoyt, #5C (Corcoran)
From the Listing: One of only three duplex residences offered at 11 Hoyt, Townhouse C is a one-of-a-kind four-bedroom, three-and-a-half bathroom duplex featuring double-height ceilings and a substantial private outdoor terrace that spans over 1,250 square feet and offers an outdoor kitchen complete with refrigerator, sink and BBQ grill, as well as outdoor lighting, electricity and a hose bib. Inside, the great room offers direct access to the private terrace and features sweeping views of 11 Hoyt's elevated private park. The open chef's kitchen features dark-stained oak floors, grey satin-lacquer custom cabinets with blackened steel accents and honed Italian lava stone countertops and backsplash, and is fully equipped with a premium Bosch appliance package. See floor plan and full details here.
The New York Towers, #12U/14U (Nardoni Realty, Inc.)
From the Listing: Move right in to this spacious, sunny and quiet duplex apartment! The entry point to this incredible home features a renovated kitchen and custom pantry space with new stainless steel appliances, an additional pantry area with abundant countertop/cabinet space, and seamless flow into the dining area, which easily fits a table for a large dining party. A wall of windows in the super-sized living room offers views for miles to the east (see all the way to Brooklyn!) and south, capturing sunlight throughout the day. Recently painted with hardwood oak flooring throughout, custom made window treatments on both floors offer the chance for ultimate privacy. See floor plan and full details here.
The Niagara, #7G (Douglas Elliman)
From the Listing: Welcome to Apartment 7G, a completely renovated classic six pre-war apartment with amazing Park Avenue views. Every inch of this apartment has been modernized while maintaining its prewar aesthetic. The extra-large foyer is finished with Venetian plaster throughout and custom built closets and built ins. The spacious living room looks out onto prestigious Park Avenue through three large casement style windows and features 10-foot ceilings and a working fireplace with original mantle. The chef's kitchen is designed with custom solid wood and sand blasted glass cabinetry, granite counters, and high-end appliances. See floor plan and full details here.
The Sherry Netherland, #204/206 (Douglas Elliman)
From the Listing: This spectacular triple mint home is located on the coveted southwest corner of the prestigious Sherry Netherland Hotel. Perched four stories up and renovated to perfection, this home boasts gorgeous finishes, including silver leaf ceilings and restored prewar detail throughout. The entry foyer leads to the expansive 29' living/dining room with sweeping views of the Plaza Hotel, Billionaires' Row, and Central Park. The spacious kitchen features marble floors and countertops, hardwood cabinetry, and top of the line appliances including a Sub-Zero refrigerator, Miele range and dishwasher, and Gaggenau oven. See floor plan and full details here.
141 West 26th Street, #2FL (Compass)
From the Listing: Love where you live in this sanctuary located in vibrant eastern Chelsea, recently featured in Architectural Digest! This 1902 former artist in residence loft space, approximately 4,000 square feet, was magnificently gut renovated with all new plumbing and wiring throughout, maintaining the artistic industrial feel while establishing a dream space for entertaining and cozy living. Throughout the apartment is indestructible and maintenance-free porcelain floor tiles. The open kitchen is masterfully laid out with an expansive island. It features a walk-in pantry, Caesarstone countertops, stainless steel Thermador appliances including a wine fridge, and convection microwave. The approximately 437-square-foot terrace includes a snow-melting device under the terrace tiles and efficient drainage. 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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