Price Cuts include CPW home reduced to under $1M; Gramercy mansion once owned by NYC Ballet co-founder gets $500K haircut

By CityRealty Staff | From Great Listings Thursday, January 9, 2025

128 East 19th Street, TH ((Sothebys International Realty)

Immediately following New Year's Day, which fell on Wednesday in 2025, social media was full of memes of panicked-looking people and animals with captions about circling back after the holidays. That appears to be what happened in the real estate market: Approximately 200 condos, co-ops, condops, and townhouses in the greater New York area experienced price reductions from December 31, 2024 - January 6, 2025, or roughly four times the number of price cuts that took place the week before.

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.

-15.5% | $3,100,000

The Prasada, #Maisonette
$16,900,000

Central Park West | Cooperative | 5 Bedrooms, 6+ Baths

The Prasada, #Maisonette (Modlin Group LLC)

From the Listing: Crafted under the discerning eye of the renowned Jean-Louis Deniot, this exceptional two-story maisonette unveils an original and unparalleled design, exuding timeless elegance. As one steps into the grandeur of the entry level, the living room unveils soaring 18-foot ceilings, with an ambiance of opulence and spaciousness, offering a stately marble fireplace topped with magnificent antique 18-foot mirrors from Paris. Expansive new magnificent arched windows frame captivating vistas of Central Park, seamlessly blending the verdant allure of the outdoors with the natural, bursting sunlight indoors. See floor plan and full details here.

-1.5% | $245,000

565 Broome SoHo, #S16B
$15,750,000

SoHo | Condominium | 4 Bedrooms, 3.5 Baths | 3,576 ft²

565 Broome SoHo, #S16B (Compass)

From the Listing: Step off the private key-access elevator into this sophisticated duplex residence in a full-service luxury building. With 3,576 square feet of interior space and an additional 2,200 square feet of outdoor area, this home seamlessly blends indoor and outdoor living. Parking space is included. See floor plan and full details here.

-13% | -$1,030,000

The Centrale, #64
$6,895,000

Midtown East | Condominium | 3 Bedrooms, 3 Baths | 2,756 ft²

The Centrale, #64 (Douglas Elliman Real Estate)

From the Listing: Privacy is ensured in this Champalimaud-designed full-floor tower residence at The Centrale, offering iconic landmark views such as Central Park, the Chrysler Building, and the East River through 10' floor-to-ceiling windows. This three-bedroom, three-bathroom home begins with white oak flooring throughout, leading from the entry foyer into an expansive open living and dining concept complete with a chef's kitchen offering honed Capri marble countertops, backsplash, and a waterfall island with ample room for seating and entertaining. See floor plan and full details here.

-6.7% | $505,000

128 East 19th Street, #TH
$6,995,000

Gramercy Park | Townhouse | 4 Bedrooms, 5 Baths | 6,000 ft²

128 East 19th Street, # TH(Sothebys International Realty)

From the Listing: In the heart of Gramercy Park, The Historic Landmark Townhouse once owned by Lincoln Kirstein New York City Ballet Co-Founder" home stands as an architectural landmark, symbolizing timeless elegance and understated luxury. This iconic townhouse, spanning a generous 6,000 sq.ft., welcomes discerning residents into a realm where classic design seamlessly merges with modern comfort. For an appointment and interior photos please email or call. See floor plan and full details here.

Caledonia, #150910
$6,450,000 (-7.2%)

Chelsea | Condominium | 4 Bedrooms, 2.5 Baths | 2,500 ft²

Caledonia, #150910 (Corcoran Group)

From the Listing: NEW YEAR, NEW PRICE! - Exceptional 4-BR, 2.5-BTH Condo with Massive Private Terrace in West Chelsea Step into unparalleled luxury at 450 West 17th Street, Apartment 1509/1510, a meticulously designed 4-bedroom (+ family room), 2.5-bath condominium that redefines city living. With nearly 2,500 square feet of elegant interiors and a breathtaking 1,700-square-foot private terrace, this home seamlessly blends sophistication, comfort, and the magic of outdoor living-all in the heart of West Chelsea. See floor plan and full details here.

-12.3% | -$800,000

One Prospect Park West, #6G
$5,695,000

Park Slope | Condominium | 4 Bedrooms, 3.5 Baths | 2,458 ft²

One Prospect Park West, #6G (Corcoran Group)

From the Listing: This exquisite residence, recently designed by renowned Seattle-based interior designer Heidi Caillier and featured in Architectural Digest, offers a harmonious blend of historic grandeur and modern luxury. Every room has been designed to feel lived-in and loved with spaces that are functional yet exude warmth and elegance. The key elements of the home -- soaring ceilings up to 11 feet high, bespoke lighting and custom wall and window treatments, and reclaimed heartwood pine flooring - are perfectly integrated throughout. See floor plan and full details here.

-6.3% | $400,000

Halcyon, #89B
$5,950,000

Turtle Bay/United Nations | Condominium | 4 Bedrooms, 5 Baths | 3,078 ft²

Halcyon, #89B (Sothebys International Realty)

From the Listing: Spectacular Duplex Available Welcome to 305 East 51st Street, where luxury and elegance meet in this stunning loft-like 4 bedroom, 4.5 bathroom corner duplex. With over 4000 square feet of combined living space, including a 1710 square foot terrace, this apartment offers the best of both indoor and outdoor living. See floor plan and full details here.

-8.3% | $495,000

The Machinery Exchange, #PHA
$5,500,000

NoLiTa/Little Italy | Condominium | 3 Bedrooms, 3.5 Baths | 2,575 ft²

The Machinery Exchange, #PHA (Compass)

From the Listing: A rarely available combination of pre-war loft and glass modernism, Penthouse A at 136 Baxter Street is a highly private duplex bathed in sunlight in one of downtown's most sought after pre-war condominiums. With a large terrace that runs the entirety of the great room, the upstairs level has an impressive indoor/outdoor flow. Loft-like and open, the floor-to-ceiling windows and sliding glass doors provide bright eastern light, anchored by the wood-burning fireplace. See floor plan and full details here.

-10.0% | $500,000

46 Great Jones Street, #7
$4,500,000

NoHo | Cooperative | 3 Bedrooms, 2 Baths

46 Great Jones Street, #7 (Douglas Elliman Real Estate)

From the Listing: Perched high above the fashionable cobblestone streets of NoHo rests this three-bedroom, two bath top floor loft with towering ceilings. The original elevator brings you to the 7th floor where you'll find a meticulously renovated apartment flooding with natural sunlight. The south facing living room is framed by beautiful arched windows and a built-in state of the art projector. The newly designed kitchen sits under huge overhead skylights and features Miele and Fisher & Paykel appliances. See floor plan and full details here.

-38.5% | -$2,505,000

West End and Eighty Seven, #PHB
$3,995,000

Riverside Dr./West End Ave. | Condop | 5 Bedrooms, 5.5 Baths | 3,882 ft²

West End and Eighty Seven, #PHB (Brown Harris Stevens Residential Sales LLC)

From the Listing: Gloriously laid out, trophy-worthy full-floor penthouse with unobstructed views and a large private entertaining terrace, all in pristine condition and lavishly appointed with every imaginable luxury and convenience. This glorious residence features a massive corner living room, a grand formal dining room, and a huge windowed Smallbone eat-in kitchen as well as 5 bedrooms and 5.5 bathrooms, all flawlessly designed and truly triple mint. No maintenance due until May 2026. Maintenance amount reflects one year of $10,000/month credits offered by seller. See floor plan and full details here.

-7% | -$245,000

The Sugar Warehouse, #1D
$3,250,000

Tribeca | Condominium | 3 Bedrooms, 2 Baths | 2,000 ft²

The Sugar Warehouse, #1D (AT THE FIRM)

From the Listing: In TriBeCa's historic Sugar Warehouse, this one-of-a-kind Maisonette perfectly fuses modern design with classic pre-war charm. Residence 1D boasts a sprawling great room, three spacious bedrooms, and two full baths, offering comfort for everyday living, effortless entertaining, and the convenience of working from home of course. The full-home Savant smart system allows you to control everything at the touch of a button. The open kitchen features custom Leicht cabinetry and ample storage along with Miele and Viking appliances. A spacious storage unit is also included. See floor plan and full details here.

-7.0% | $246,000

301 East 50th Street, #4D
$3,249,000

Turtle Bay/United Nations | Condominium | 3 Bedrooms, 3.5 Baths | 2,405 ft²

301 East 50th Street, #4D (Berkshire Hathaway HomeServices New York Properties)

From the Listing: Unmatched Elegance: Experience Spacious Comfort in This Designer Residence Your perfect Turtle Bay retreat awaits in this sprawling three-bedroom, three-and-a-half-bathroom showplace featuring the finest materials, exceptional craftsmanship, and an unrivaled location capturing the best of Manhattan's residential charm and bustling business centers. Inside this bright and airy 2,405-square-foot residence, ceilings soar up to 12 feet high above wide-plank solid oak floors, solid-core doors, and massive noise-attenuating low-E windows on the eastern, western and northern exposures. See floor plan and full details here.

-10.6% | -$295,000

515 East 72nd Street, #40E
$2,500,000

Lenox Hill | Condominium | 2 Bedrooms, 2.5 Baths | 1,669 ft²

515 East 72nd Street, #40E (Compass)

From the Listing: This exceptional high-floor two-bedroom, two-and-a-half-bathroom condo ticks all the boxes with an expansive split-bedroom layout, premium finishes and two private terraces. With 10 foot ceiling heights, and located just beneath the penthouse level, this 1,669-square-foot showplace makes a dramatic first impression with walls of windows capturing unimpeded outlooks to the west and north. See floor plan and full details here.

-20.3% | -$505,000

785 Park Avenue, #16E
$1,985,000

Park/Fifth Ave. to 79th St. | Cooperative | 2 Bedrooms, 2 Baths | 1,600 ft²

785 Park Avenue, #16E (Elegran LLC)

From the Listing: With open south and west views onto Park Avenue, this apartment boasts a gracious layout combining sophistication and functionality. Upon entering, you are greeted by an entrance hall foyer that sets the tone for the rest of the residence. The perfectly proportioned living room provides a welcoming space for relaxation or entertaining, complemented by natural light streaming through the windows. Priced to sell! See floor plan and full details here.

-9.2% | -$174,999

281 Lexington Avenue, #TH
$1,725,000

Bedford-Stuyvesant | Townhouse | 6+ Bedrooms, 5 Baths | 3,013 ft²

281 Lexington Avenue, #TH (Serhant)

From the Listing: Discover the perfect blend of modern design and practicality in this brand-new double duplex townhome. Enjoy the luxury of a spacious owner's duplex while benefiting from the excellent rental income potential of the second duplex. Both units feature flexible layouts, offering generous three or four-bedroom options with ample bathrooms. The clean lines and open concept design provide plenty of space for your personal touch and style. This townhome has it all: ample space, abundant light, and private outdoor access perfect for relaxing or entertaining. See floor plan and full details here.

-11.5% | -$195,000

Azure, #24A
$1,500,000

Yorkville | Condop | 3 Bedrooms, 3 Baths | 1,818 ft²

Azure, #24A (Serhant)

From the Listing: Immerse yourself in the stunning views from this expansive apartment at The Azure. An open-plan kitchen and a 37-foot-long great room offer a perfect setting for entertaining. The kitchen in equipped with Viking and Bosch appliances, top-tier cabinetry, and a Caesarstone breakfast bar. The primary suite is equipped with a spacious walk-in closet and a spa-like bathroom. See floor plan and full details here.

-12.5% | -$200,000

The Alfred, #16A
$1,395,000

Lincoln Center | Condominium | 1 Bedroom, 1.5 Baths | 1,167 ft²

The Alfred, #16A (The Agency Brokerage)

From the Listing: This spectacular double-height lofted one-bedroom condo offers unparalleled luxury and style in one of the city’s most coveted neighborhoods. The striking 17.5’ ceilings create an airy and open atmosphere that's perfect for both relaxing and entertaining. The lofted primary bedroom suite features an elegant full bath and abundant storage in the walk-in closet. See floor plan and full details here.

-10.7% | -$155,000

Southgate, #8A
$1,295,000

Beekman/Sutton Place | Cooperative | 2 Bedrooms, 2 Baths

Southgate, #8A (Compass)

From the Listing: This coveted A-line split bedroom floor plan combines pre-war details with modern living and is move-in ready. The large dining gallery with built-in banquette is flanked by custom bookshelves and perfectly situated next to the kitchen and enormous 23-foot living room. A south-facing recently renovated windowed kitchen is outfitted with top-of-the line Bertazzoni appliances. Monthly maintenance includes electricity. See floor plan and full details here.

-2.1% | $25,000

The Murray Hill Crescent, #18K
$1,165,000

Murray Hill | Cooperative | 2 Bedrooms, 2 Baths | 1,100 ft²

The Murray Hill Crescent, #18K (Elegran LLC)

From the Listing: High on the 18th floor of the Crescent with open city views encompassing the Empire State and Chrysler Buildings, this approximately 1,100 sq ft apartment will wow you with its light and ample space. See floor plan and full details here.

-8.6% | -$102,500

250 Mercer Street, #C403
$1,095,000

Greenwich Village | Cooperative | 1 Bedroom, 1 Bath

250 Mercer Street, #C403 (Corcoran Group)

From the Listing: Airy and sophisticated, with amazing eastern light from a pair of 10-foot-tall windows stretching nearly floor to ceiling, this oversized loft, huge sleeping area with over 1,000 square feet was recently renovated to perfection. This distinctive loft has a great flow with an entry foyer leading to the open kitchen and an enormous 30-foot-deep living room with plenty of room for a dining area and entertaining spaces. Every inch of this loft is usable space, offering abundant storage spread across 6 closets. See floor plan and full details here.

-7.4% | -$80,000

40 East 80th Street, #3A
$995,000

Carnegie Hill | Cooperative | 3 Bedrooms, 3 Baths

40 East 80th Street, #3A (Compass)

From the Listing: Upon entering this exquisite three-bedroom, you are greeted by a spacious living area with abundant natural light and stunning city views through large windows. The open layout seamlessly connects the living and dining areas, creating an ideal space for entertaining. Additionally, a big balcony provides a private outdoor experience in the treetops. See floor plan and full details here.

The Braender, #41
$980,000 (-8.8%)

Central Park West | Condominium | 1 Bedroom, 1 Bath | 722 ft²

The Braender, #41 (Douglas Elliman Real Estate)

From the Listing: Charming 1 bedroom, 1 bathroom apartment at the elegant The Braender Condominium. Apartment features bright South-East exposures with direct Central Park views, large bay windows in the living room, high ceilings, original pre-war details, windowed eat-in kitchen with new appliances and tile flooring, newly renovated windowed bathroom, new doors throughout, hardwood floors and generous closet space. See floor plan and full details here.

-10.7% | $117,000

Citylights, #38K
$978,000

Long Island City | Condop | 2 Bedrooms, 2 Baths | 1,154 ft²

Citylights, #38K (Corcoran Group)

From the Listing: Unmatched Luxury Living at Citylights: Rarely Available, Oversized 2 Bed/2 Bath Apartment on High Floor with Breathtaking East River/ Manhattan Views! Don't miss this unique ownership opportunity as featured in the 'On The Market' section of the NYTimes! See floor plan and full details here.

-2.0% | $20,000

230 Riverside Drive, #10O
$960,000

Riverside Dr./West End Ave. | Condominium | 1 Bedroom, 1 Bath | 626 ft²

230 Riverside Drive, #10O (Digs Realty Group LLC)

From the Listing: Newly Gut Renovated 1br Condo with W/D, Terrace and Views of Riverside Park and the Hudson River to the GWB and Beyond! Enjoy never-ending views and light from your living room and bedroom, and relax with morning cups of coffee on your private terrace while you watch the sun rise. See floor plan and full details here.

-2.1% | $20,000

The Jackson, #4C
$930,000

Long Island City | Condominium | 1 Bedroom, 1 Bath | 639 ft²

The Jackson, #4C (Serhant)

From the Listing: 15-year 421a tax abatement that expires in 2033 Welcome to The Jackson, a boutique condominium where sleek and elegant modern design mesh seamlessly with classic industrial loft space living. om Manhattan or Brooklyn. See floor plan and full details here.

-4.8% | $45,500

Lincoln Towers, #15T
$899,500

Lincoln Center | Cooperative | 1 Bedroom, 1 Bath | 850 ft²

Lincoln Towers, #15T (Corcoran Group)

From the Listing: Remarkably Renovated Junior 4 with Exceptional Natural Light Welcome to 160 West End Ave, Apt 15T - a beautifully updated and spacious Junior 4 apartment in the heart of Lincoln Towers. This east-facing gem offers stunning city views and thoughtful updates throughout. See floor plan and full details here.

-3.1% | $27,500

Connaught Tower, #23J
$872,500

Midtown East | Cooperative | 2 Bedrooms, 1 Bath

Connaught Tower, #23J (Compass)

From the Listing: Welcome to this bright, high-floor home, featuring abundant sunlight, unobstructed views, and a private outdoor space! This versatile unit is configured as a one-bedroom + sizable home office. Inside, you'll find a spacious layout with hardwood floors, a spacious living and dining area, and a recently renovated modern bathroom. See floor plan and full details here.

-9.8% | -$76,001

Seward Park (3-4), #H1007
$698,999

Lower East Side | Cooperative | 1 Bedroom, 1 Bath

Seward Park (3-4), #H1007 (Weichert Properties)

From the Listing: Sun-drenched lofty home at the heart of the Lower East Side. Ample apartment with a large foyer which leads to the updated eat-in windowed kitchen with storage space and tile backsplash and Silestone countertops. A massive living room with open exposure, perfect for entertaining. The terrace has been enclosed with screened windows to allow for a second room, home office, or can be reopened and used as a terrace. See floor plan and full details here.

-19.4% | -$150,000

161 West 16th Street, #9C
$625,000

Chelsea | Cooperative | Studio, 1 Bath

161 West 16th Street, #9C (Corcoran Group)

From the Listing: Residence 9C is a meticulously renovated junior one-bedroom with northern exposures. The formal entry foyer features an exposed iron door, a spacious coat closet, dressing room with abundant storage, and a newly renovated bathroom. The bright living room, with newly finished hardwood floors and beamed ceilings, provides ample space for entertaining. There is also a thoughtfully designed area to serve all your work-from-home office needs. Possible rate buy-down concession. See floor plan and full details here.

-20% | -$150,000

170 East 92nd Street, #4C
$599,000

Carnegie Hill | Cooperative | 1 Bedroom, 1 Bath | 900 ft²

170 East 92nd Street, #4C (Corcoran Group)

From the Listing: With nearly 900 square feet of space, this home offers endless possibilities. Hardwood floors, ample closet space, and a renovated kitchen add to the charm and convenience of this residence. The open kitchen seamlessly flows into the expansive dining and living area. Two wood-burning fireplaces provide a cozy ambiance during the cooler months, while newer split unit air conditioners keep you cool in the summer. Motivated sellers. See floor plan and full details here.

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In this article:

-15.5% | $3,100,000 The Prasada, #Maisonette$16,900,000

-1.5% | $245,000

-13% | -$1,030,000 The Centrale, #64$6,895,000

-6.7% | $505,000

-12.3% | -$800,000 One Prospect Park West, #6G$5,695,000

-6.3% | $400,000

-8.3% | $495,000

-10.0% | $500,000

-38.5% | -$2,505,000 West End and Eighty Seven, #PHB$3,995,000

-7% | -$245,000 The Sugar Warehouse, #1D$3,250,000

-7.0% | $246,000

-10.6% | -$295,000 515 East 72nd Street, #40E$2,500,000

-20.3% | -$505,000 785 Park Avenue, #16E$1,985,000

-9.2% | -$174,999 281 Lexington Avenue, #TH$1,725,000

-11.5% | -$195,000 Azure, #24A$1,500,000

-12.5% | -$200,000 The Alfred, #16A$1,395,000

-10.7% | -$155,000 Southgate, #8A$1,295,000

-2.1% | $25,000

-8.6% | -$102,500 250 Mercer Street, #C403$1,095,000

-7.4% | -$80,000 40 East 80th Street, #3A$995,000

-10.7% | $117,000

-2.0% | $20,000

-2.1% | $20,000

-4.8% | $45,500

-3.1% | $27,500

-9.8% | -$76,001 Seward Park (3-4), #H1007$698,999

-19.4% | -$150,000 161 West 16th Street, #9C$625,000

-20% | -$150,000 170 East 92nd Street, #4C$599,000

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