From August 27 - September 2, 2024, approximately 110 condos, co-ops, condops, and townhouses throughout New York City experienced price reductions. Among them was the Upper West Side home of Academy and Tony Award-nominated actor Liam Neeson at Park Millennium. In February 2024, Mr. Neeson listed the apartment for $12.75 million, a price that Crain's New York Business notes would have set a new record for the tower. However, after more than six months on the market, the price has been reduced to $10,750,000.
While this reduced price puts the apartment out of the running for Park Millennium's record, it is still 2.75 times more than the $3.9 million Mr. Neeson and late wife Natasha Richardson paid for it in 1999, when they bought the Lincoln Center-adjacent condo from the developer. He listed it because he is spending more time at his upstate mansion.
While this reduced price puts the apartment out of the running for Park Millennium's record, it is still 2.75 times more than the $3.9 million Mr. Neeson and late wife Natasha Richardson paid for it in 1999, when they bought the Lincoln Center-adjacent condo from the developer. He listed it because he is spending more time at his upstate mansion.
Also of note last week, director Baz Luhrmann and his wife, Academy Award-winning costume and production designer Catherine Martin, reduced the price of their Gramercy townhouse at 243 East 17th Street. The power couple wasted no time putting their distinct stamp on the property and seemed eager to live there, but the pandemic-induced lockdown kept them in Australia until after their children reached college age, leaving them in need of a home better suited for empty nesters. They listed it for $19,999,500 in March 2022; since then, it has been on and off the sales and rental markets alike. The most recent price reduction brings it down to $14,995,000.
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Further uptown, the Sanford White-designed mansion at 127 East 73rd Street also experienced a price reduction. Mr. White built the house for illustrator Charles Dana Gibson of "Gibson girl" fame, and Mr. Gibson and his wife, Irene Langhorne, lived there until 1942. Following Mr. Gibson's death, it served as the home of the American-Scandinavian Foundation for years before being restored to a single-family home in 1999 (h/t Daytonian in Manhattan).
Over 120 years after the house was built, original details like Doric columns, a mansard roof, quarter-sawn oak paneling, and wood-burning fireplaces with carved mantles remain beautifully maintained. Meanwhile, modern amenities include a kitchen with large pantry, a half-floor primary suite with dressing room and walk-in closet, a primary bath with double steam shower and soaking tub, a wood-paneled half-basketball court, a media lounge, a home gym, and a temperature-controlled wine cellar.
Finance executive Thomas Montag bought the townhouse from Seattle Coffee Company founder John Hunt for $32.5 million in 2008 (h/t Observer) and listed it for $36 million in April 2024. However, last week's price cut brings it down to $31,000,000 and sets him up to take a loss on it.
Over 120 years after the house was built, original details like Doric columns, a mansard roof, quarter-sawn oak paneling, and wood-burning fireplaces with carved mantles remain beautifully maintained. Meanwhile, modern amenities include a kitchen with large pantry, a half-floor primary suite with dressing room and walk-in closet, a primary bath with double steam shower and soaking tub, a wood-paneled half-basketball court, a media lounge, a home gym, and a temperature-controlled wine cellar.
Finance executive Thomas Montag bought the townhouse from Seattle Coffee Company founder John Hunt for $32.5 million in 2008 (h/t Observer) and listed it for $36 million in April 2024. However, last week's price cut brings it down to $31,000,000 and sets him up to take a loss on it.
These homes and other notable listings may be seen below, along with a full chart of last week's discounts. Please be advised that all quoted figures reflect cumulative price cuts as opposed to the most recent reductions.
-15.2% | -$125,000
The Cereza, #803
$695,000
East Harlem | Condominium | 1 Bedroom, 1 Bath | 728 ft2
The Cereza, #803 (Sporn Group LLC)
-6.5% | -$54,000
61 Lexington Avenue, #6C
$775,000
Gramercy Park | Cooperative | 1 Bedroom, 1 Bath | 650 ft2
61 Lexington Avenue, #6C (Corcoran Group)
681 Union Street, #D (Douglas Elliman Real Estate)
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-9.2% | -$101,000
Trump Palace, #18E
$999,000
Lenox Hill | Condominium | 1 Bedroom, 1.5 Baths | 774 ft2
Trump Palace, #18E (Next Stop NY)
-11.5% | -$147,000
Carlton Regency South, #2C
$1,150,000
Murray Hill | Cooperative | 2 Bedrooms, 1 Bath
Carlton Regency South, #2C (Corcoran Group)
-4.5% | -$61,000
The Edge North Tower, #4N
$1,289,000
Williamsburg | Condominium | 1 Bedroom, 1 Bath | 654 ft2
The Edge North Tower, #4N (R New York)
-10.2% | -$178,000
St. James Tower, #21/22D
$1,572,000
Beekman/Sutton Place | Condominium | 2 Bedrooms, 2.5 Baths | 1,400 ft2
St. James Tower, #21/22D (Brown Harris Stevens Residential Sales LLC)
-7.5% | -$150,000
The Renwick, #7C
$1,850,000
Greenwich Village | Cooperative | 2 Bedrooms, 2 Baths | 1,400 ft2
The Renwick, #7C (Cooper & Cooper Real Estate LLC)
-11.3% | -$255,000
The Eldorado, #10L
$1,995,000
Central Park West | Cooperative | 2 Bedrooms, 2 Baths
The Eldorado, #10L (Corcoran Group)
-8.9% | -$200,000
444 Union Street, #TH
$2,050,000
Gowanus | Townhouse | 2 Bedrooms, 2 Baths | 1,620 ft2
444 Union Street, #TH (Compass)
-12.8% | -$420,000
Metropolitan Tower, #60D
$2,875,000
Midtown West | Condominium | 2 Bedrooms, 2.5 Baths | 1,490 ft2
Metropolitan Tower, #60D (Christies International Real Estate Group LLC)
-11.1% | -$500,000
936 Fifth Avenue, #11B
$3,995,000
Park/Fifth Ave. to 79th St. | Cooperative | 3 Bedrooms, 3.5 Baths
936 Fifth Avenue, #11B (Douglas Elliman Real Estate)
-33.4% | -$2,505,000
One Sutton Place South, #GRC
$4,995,000
Beekman/Sutton Place | Cooperative | 3 Bedrooms, 3 Baths | 3,000 ft2
One Sutton Place South, #GRC (Corcoran Group)
-7.4% | -$555,000
One57, #50B
$6,945,000
Midtown West | Condominium | 2 Bedrooms, 2.5 Baths | 2,009 ft2
One57, #50B (Douglas Elliman Real Estate)
-12.2% | -$1,095,000
LOFT67, #5
$7,900,000
Lenox Hill | Condominium | 5 Bedrooms, 3.5 Baths | 4,665 ft2
LOFT67, #5 (Compass)
-15.7% | -$2,000,000
Park Millennium, #28DEF
$10,750,000
Lincoln Center | Condominium | 5 Bedrooms, 5 Baths | 4,500 ft2
Park Millennium, #28DEF (Corcoran Group)
-25% | -$5,004,500
243 East 17th Street, #TH
$14,995,000
Gramercy Park | Townhouse | 6+ Bedrooms, 5.5 Baths | 8,500 ft2
243 East 17th Street, #TH (Corcoran Group)
-13.9% | -$5,000,000
127 East 73rd Street, #TH
$31,000,000 (-13.9%)
Park/Fifth Ave. to 79th St. | Townhouse | 6+ Bedrooms, 6+ Baths | 9,800 ft2
127 East 73rd Street, #TH (Compass)
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?