As May 2024 winds down, CityRealty data shows that average asking prices and inventory are holding relatively steady across all building types month to month. It is against this backdrop that approximately 200 listings experienced price reductions from May 22-28, 2024 -- a number far fewer than in previous weeks, and one that can likely be attributed to the Memorial Day holiday.
Among them was a full-floor Fifth Avenue cooperative once owned by jeweler to the stars Harry Winston, who famously hosted large parties in the expansive space overlooking Central Park. It was initially listed for $39.5 million in fall 2019, and has been on the market ever since. The most recent price reduction brings it down to $25,950,000 -- a large reduction to be sure, but a price still in line with some of Mr. Winston's more elaborate pieces.
Among them was a full-floor Fifth Avenue cooperative once owned by jeweler to the stars Harry Winston, who famously hosted large parties in the expansive space overlooking Central Park. It was initially listed for $39.5 million in fall 2019, and has been on the market ever since. The most recent price reduction brings it down to $25,950,000 -- a large reduction to be sure, but a price still in line with some of Mr. Winston's more elaborate pieces.
99 Morningside Avenue, #7B (Corcoran Group)
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A more approachably priced unit with equally verdant vistas can be found further uptown at 99 Morningside Avenue, where a price reduction on Residence #7B brings it down to $2,195,000. While every room enjoys views of Morningside Park, it must be noted that this is a result of a layout that comes across as a modern take on a railroad apartment. If the apartment sells for this reduced price, the owner will take a loss on it, having bought it for $2,650,750 in 2021 (as per public records).
These homes are among a selection of notable listings that may be seen below, along with a full chart of last week's price reductions. Please be advised that all quoted figures reflect cumulative price cuts as opposed to the most recent reductions.
120 East 83rd Street, #2D (Compass)
From the Listing: Two large north-facing windows peak out at the treetops of East 83rd street in this perfect pied-a-terre or starter apartment, two doors down from the iconic Lexington Candy Shop. The windowed, renovated kitchen is equipped with stainless steel appliances including a gas range, dishwasher, and built in microwave. Beautiful hardwood floors, two large storage closets, and a windowed bathroom with retro black and white tile complete the picture. See full details here.
420 Beekman Hill, #8D (Compass)
From the Listing: This elegant residence has been completely renovated and boasts sunny, southern exposures throughout. A gracious entry foyer opens to a large living and dining area. Adjacent to the dining room is the custom kitchen, which is outfitted with lovely white cabinetry offering plenty of storage space. The appliance package is by Jenn-Air and includes a gas cooktop, dishwasher, refrigerator and two ovens. See floor plan and full details here.
7 Park Avenue, #43 (Brown Harris Stevens)
From the Listing: Move-in ready home in a stunning prewar building is filled with sun all day from large windows facing south and west to look on Empire State Building views. Interiors feature a new kitchen and bath with deep soaking tub. Full-service co-op is located in the center of all that makes NYC great! See floor plan and full details here.
400 East 59th Street, #4C (Sotheby's International Realty)
From the Listing: Meticulously renovated with generously-sized California closets and discreet built-ins, this rarely available ‘C’ line apartment offers modern amenities while still maintaining its pre-war charm. The spacious living room overlooks the iconic Queensboro Bridge and is characterized by high-beamed ceilings, a hand-crafted deco fireplace and gorgeous herringbone floors. The western facing eat-in kitchen is outfitted with high-end appliances, all of which are unobtrusively built in to the cabinetry. Maintenance includes all electric and basic cable. See floor plan and full details here.
The Sorting House, #3B (Compass)
From the Listing: This pristine residence showcases a luxurious one-bedroom, a versatile office space, and two impeccably designed bathrooms. Revel in the ambiance created by south-facing floor-to-ceiling windows, illuminating the space and accentuating its modern loft aesthetic complete with high beamed ceilings. The sun-bathed living area seamlessly transitions to a tastefully wood-paneled terrace, perfect for relaxation and outdoor entertaining, and a private rooftop cabana offers unparalleled city views and moments of respite. See floor plan and full details here.
Cipriani Club Residences, #930 (Daniel Gale Sotheby's International Realty)
From the Listing: Located on the historic Wall Street in the prestigious Financial District, the Cipriani Residences offer a remarkable living experience within an iconic building. With a spacious 1,802 square feet of interior space, the apartment is further enhanced by a 298-square-foot terrace that provides a delightful outdoor oasis. Throughout the apartment, you’ll find generous closet space, ample natural light streaming in through large windows, and elegant hardwood floors. See floor plan and full details here.
The Essex House, #207 (Sotheby's International Realty)
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From the Listing: The renovated six-room corner home with south and east exposures features a spacious 1929 classic layout of separate eat-in kitchen with abundant cabinetry and wine cooler, large dining room with banquet seating, generous-size living room with wood-burning fireplace, and three bedrooms, each with windowed en-suite bath. Original architectural details were restored and through-wall air conditioning preserves the integrity of the casement windows. See floor plan and full details here.
176 Mulberry Street, #4 (Douglas Elliman)
From the Listing: This super-special apartment occupying the building’s entire fourth floor enjoys key-locked elevator access directly into the home, exceptional sunlight streaming in from oversized windows facing east and west, elegant maple hardwood floors, upscale marble baths with Kohler fixtures and other refined finishes throughout. The airy open living-dining room affords an ideal place to relax and entertain. Adjoining is a well-appointed windowed kitchen featuring generous cabinetry with upper glass doors, sleek Pietro Cardozo stone countertops, a lovely breakfast bar for morning coffee, Hans Grohe sink faucet, and premium stainless steel appliances. See floor plan and full details here.
VU New York, #19C (Brown Harris Stevens)
From the Listing: Residence #19C is a corner home that showcases unparalleled southern and western views of the iconic Manhattan skyline, including the Empire State Building and the Freedom Tower. This gracious, split layout offers an abundance of natural light welcomed through its walls of floor-to-ceiling windows. Appointed in a sophisticated and light palette of natural materials such as marble, bleached oak, and white lacquer, outfitted with Miele appliances, the kitchen is a chef’s dream. See floor plan and full details here.
99 Morningside Avenue, #7B (Corcoran Group)
From the Listing: Located in a beautiful and convenient location, this gracious home offers a gorgeous formal expanse and a wonderful separation of entertaining and private living, all surrounded by floor-to-ceiling windows showcasing lush green tree views. Sun-filled throughout the day facing both south and west, the corner home is filled with every luxury comfort, quality high-end finish and top-of-line appliances. Modern luxuries include central air conditioning and heating, very generous closet storage, a full laundry closet, and a huge private terrace off the formal expanse overlooking the Park. See floor plan and full details here.
860 Fifth Avenue, #7/8B (Compass)
From the Listing: Sophisticated two-bedroom duplex apartment is located in one of the finest white-glove cooperatives on Fifth Avenue. The glamorous entrance gallery, with Art Deco staircase, leads to a spacious living room with an enormous picture window framing Central Park and two south-facing windows offering views of Billionaires' Row and beyond. The upper floor is a private retreat with two sun-flooded bedrooms, both with direct park views. See floor plan and full details here.
Three Ten, #23A (Douglas Elliman)
From the Listing: Residence #23A boasts a grand entryway, high ceilings, elegant white oak strip floors, and expansive floor-to-ceiling windows that show you amazing views of New York City and East River. The windowed chef’s kitchen, adorned with Carrara marble countertops, has top-quality stainless steel appliances like a Sub-Zero fridge, Gaggenau stove, and Thermador oven. You’ll enjoy a refreshing breeze on the 58-square-foot balcony, connected to the spacious living and dining room. See floor plan and full details here.
199 Chrystie Street, #9S (Douglas Elliman)
From the Listing: Residence #9S is a stunning duplex home with incredible sliding doors opening up to a private terrace with unobstructed views of Sara D. Roosevelt Park. Beyond the powder room and entry coat closet is the great room with double height 18-foot ceilings and the open kitchen that integrates all materials seamlessly such as the desert quartzite peninsula and backsplash, stained white oak cabinetry with tempered bronze glass and a suite of high-end appliances by Miele and Sub-Zero. See floor plan and full details here.
15 Hudson Yards, #77A (Douglas Elliman)
From the Listing: High-floor Hudson Yards home's corner great room allows for effortless entertaining and gracious living, and the 10’7" floor-to-ceiling windows with southern and eastern exposure offer panoramic views of the Hudson River and New York City skyline. The open chef’s kitchen features an island of Italian Michelangelo marble, cabinetry in oxidized dove-dyed oak, marble backsplash, and Miele appliances including vented gas cooktop, double ovens with steam and speed oven, and wine refrigerator. See floor plan and full details here.
927 Fifth Avenue, #9THFLOOR (Sotheby's International Realty)
From the Listing: Upon entry into this spectacular apartment, situated in a coveted Fifth Avenue building with only 12 floors and just one apartment per floor, one is immediately aware of brilliant sunlight, extraordinary views, and an abundance of space. Mr. Winston entertained up to 100 guests at legendary parties in this apartment with extraordinary vistas of Central Park, taking full advantage of the magnificent spaciousness emanating from grand rooms, soaring ceilings, enormous wall space, exquisite moldings, 4 fireplaces, huge oversized windows and 5,740 square feet suited to both the traditional and contemporary style. 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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