Price Cuts: Multimillion-dollar reductions at Rupert Murdoch and Ivana Trump's NYC homes; Final sponsor units at 14 Second Avenue reduced

By CityRealty Staff | From Great Listings Wednesday, July 3, 2024

As June 2024 wound down, CityRealty data shows that both inventory and prices fell week over week, consistent with what usually happens over summer vacation season. During this time, from June 25 - July 1, 2024, about 250 condo, co-op, condop, and townhouse listings throughout New York experienced price reductions.

These included two of the final sponsor units at 14 Second Avenue, a boutique condominium on the corner of Second Avenue and East Houston Street. This collection of 10 full-floor two- and three-bedroom units launched sales in early 2023 and is 70% sold nearly a year and a half later. Remaining availabilities have been marked down.

14 Second Avenue doesn't have the most uplifting design (Douglas Elliman)

They also included Rupert Murdoch's triplex penthouse at One Madison. As the media mogul was having the white-box penthouse renovated and customized to his exact specifications, he lived in a full-floor three-bedroom unit just below the penthouse. This unit sold fairly quickly in October 2022, but the penthouse remains on the market over two years after it was initially listed; it has been on and off the sales and rental markets ever since. Most recently, Mr. Murdoch relisted it for $38.5 million in April 2024, and the latest price reduction brings it down to $28,500,000.

Further uptown, 10 East 64th Street, the Upper East Side mansion of Ivana Trump also remains on the market nearly two years after her death and over a year and a half after her estate listed it. Its current price of $19,500,000 represents a $7 million price reduction, though the money saved could very well go straight to updating and redecorating the house – between the gold-embossed marble fireplace, the leopard-print office, the pink marble bathroom, and a "Versailles-inspired" dining room, The Wall Street Journal remarked that it was like stepping back in time to the 1980s when it announced the listing.

Formal dining room with fireplace and crystal chandelier

Ivana Trump's former Upper East Side townhouse at 10 East 64th Street (Modlin Group LLC)

A selection of notable listings, as well as a full chart of last week's discounts, may be seen below. Please be advised that all quoted figures reflect cumulative price cuts as opposed to the most recent reductions.

-20.2% | -$100,000

The Bancroft, #81C
$395,000

Central Park West | Cooperative | Studio, 1 Bath

The Bancroft, #81C (Brown Harris Stevens Residential Sales LLC)

From the Listing: A stunning studio, designed with a Parisian style ambiance, a stone's throw from Central Park, the iconic Dakota, and Strawberry Fields. Meticulously renovated, with custom built-ins, and hand-painted Venetian plaster, all with the luxuries of an exceptional home. It is stylish and functional, with combined living, island counter dining, and a remote work area. Also offers a bonus storage closet, located outside the apartment. See floor plan and full details here.

-17.9% | -$120,000

342 East 50th Street, #2A
$550,000

Midtown East | Condominium | 1 Bedroom, 1 Bath

342 East 50th Street, #2A (Corcoran Group)

From the Listing: Introducing a beautifully renovated one-bedroom nestled within a charming four-story condo townhouse. This meticulously crafted space boasts brand new appliances, a cozy breakfast bar, recessed lighting, and abundant natural light streaming in through three large windows. Situated in a serene tree lined street , this residence offers a peaceful retreat while still being conveniently close to a variety of restaurants and shops. See floor plan and full details here.

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-13.3% | -$106,000

East River House, #10J
$689,000

Yorkville | Cooperative | 1 Bedroom, 1 Bath | 950 ft²

East River House, #10J (Douglas Elliman Real Estate)

From the Listing: This pin-drop quiet and bright, oversized convertible 2-bedroom / 1-bathroom corner home resides in The East River House, a luxury full service cooperative. Offering north and east exposures with city views, features of the home include a 32' living room (large enough for a dedicated dining space or a home office), a corner dining room / second bedroom, and a spacious and windowed renovated eat-in-kitchen with white wooden cabinetry. See floor plan and full details here.

-20.2% | -$240,000

The Bradhurst, #4M
$950,000

Harlem | Condominium | 3 Bedrooms, 1.5 Baths | 1,507 ft²

The Bradhurst, #4M (Compass)

From the Listing: A renovated duplex apartment is now available at the Bradhurst. The spacious kitchen has been redesigned to become the heart of the home and create a family space where you can cook, dine, work, and entertain. Additional features include new recessed and pendant lightings, new hardwood and tile floors, new staircase, and two renovated bathrooms. Three comfortable bedrooms are located on the upper floor. See floor plan and full details here.

-12.1% | -$175,000

Gracie Gardens, #4LM
$1,275,000

Yorkville | Cooperative | 2 Bedrooms, 2 Baths

Gracie Gardens, #4LM (Sloane Square LLC)

From the Listing: Flooded with sunlight from eight southern-facing windows, this beautifully renovated apartment at Gracie Gardens must be seen! It has been meticulously designed and renovated into a wonderfully flexible layout that seamlessly blends timeless elegance with contemporary comfort. A gracious entry foyer open into a grand sun-filled living room adjacent to an immaculate eat-in kitchen equipped with top-of-the-line appliances and beautiful cabinetry. A private hallway leads you to the bedroom wing. See floor plan and full details here.

-15.4% | -$245,000

Santorini, #5F
$1,350,000

Astoria/LIC | Condominium | 2 Bedrooms, 2 Baths | 1,250 ft²

Santorini, #5F (Compass)

From the Listing: This contemporary Astoria two-bedroom, two-bathroom residence offers loft like space, amazing views, a Juliet balcony, and reserved private parking. Inside, the bright and spacious main living/dining room is suited for grand entertaining, complemented by a modern kitchen featuring ample cabinetry and counterspace, an eat-in island, and stainless steel appliances. The unit also boasts a generous king sized plus primary bedroom with a bay window, a well-appointed guest bedroom, sophisticated full baths, and hardwood floors throughout. See floor plan and full details here.

-17.3% | -$345,000

35 Sutton Place, #11A
$1,650,000

Beekman/Sutton Place | Cooperative | 3 Bedrooms, 4 Baths

35 Sutton Place, #11A (Coldwell Banker Warburg)

From the Listing: This 7-room home will take your breath away with direct East River views glistening with sunlight during the day, and the iconic 59th Street Bridge and city lights creating natural elegance at night. The home is currently configured as a 2-bedroom with a library and a large primary suite with 2 en-suite bathrooms and can easily be put back to its original floor plan with 3 or 4 bedrooms. The large lofty living room and library facing east and south boasts plenty of space for multiple seating areas and a large terrace, perfect for a nightcap with a stunning view. The formal dining room is perfectly situated next to the the very generously sized kitchen. See floor plan and full details here.

-20.2% | -$505,000

39 East 75th Street, #4E
$1,995,000

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

39 East 75th Street, #4E (Sothebys International Realty)

From the Listing: One enters this beautifully appointed triplex through a foyer leading to a grand living room with ceilings that soar to 16 feet. The kitchen is beautifully renovated in a tasteful modern way and there are a lot of cabinets for storage and counterspace from which to entertain. Upstairs is a lofted bedroom that is open to the living room and can serve as a home office as well. The lower level of this residence is devoted entirely to the primary bedroom suite. See floor plan and full details here.

-22.4% | -$805,000

The Chatsworth, #203
$2,795,000

Riverside Dr./West End Ave. | Cooperative | 2 Bedrooms, 3 Baths | 2,286 ft²

The Chatsworth, #203 (Engel & Volkers New York Real Estate LLC)

From the Listing: This oversized, mint-condition, and peaceful prewar two-bed has multiple options for conversion to a 3-bedroom. With a gracious entry gallery with coffered ceiling leading into a large open living room, brightly lit through steady, northern exposure in historical frame windows, the home features wide oak flooring, custom millwork, and architectural moldings throughout. A windowed, designer kitchen offers the best in luxury design. No board approval required. See floor plan and full details here.

-5% | -$155,000

14 Second Avenue, #3
$2,945,000

East Village | Condominium | 2 Bedrooms, 2 Baths | 1,613 ft²

14 Second Avenue, #3 (Douglas Elliman Real Estate)

From the Listing: Residence #2 is a custom designed two-bedroom, two-bathroom home offering the perfect blend of modern sophistication and comfortable living. Upon entering, you'll be greeted by a spacious living room adorned with large windows that bathe the interior in natural light. The open floor plan seamlessly connects the living area to the dining space and kitchen. Spa-like bathrooms are clad in honed marble and impeccably appointed with upscale fixtures, custom glass showers and Zuma soaking tub. See floor plan and full details here.

-13.9% | -$525,000

Madison Square Park Tower, #16A
$3,250,000

Flatiron/Union Square | Condominium | 2 Bedrooms, 2.5 Baths | 1,930 ft²

Madison Square Park Tower, #16A (Compass)

From the Listing: This meticulously designed home at Madison Square Park Tower boasts luxurious finishes and is striking in its thoughtful layout and scale. The living room, set against a wall of floor-to-ceiling windows, feels both airy and grand. The open designer kitchen is equipped with top-of-the-line Miele and Sub-Zero appliances, ensuring a gourmet cooking experience. The apartment also includes a cutting-edge smart home system, windowed bathrooms, custom closets throughout, and a conveniently located powder room. See floor plan and full details here.

-14.5% | -$610,000

Tribeca Townhomes, #5
$3,590,000

Tribeca | Condominium | 3 Bedrooms, 3 Baths | 2,584 ft²

Tribeca Townhomes, #5 (Compass)

From the Listing: Spanning 2,584 square feet, this residence offers a luxurious urban lifestyle in the heart of the city. Upon entering, you'll be greeted by high ceilings and an abundance of natural light streaming through the floor-to-ceiling, dual pane, oversized windows, offering picturesque street scape views and a coveted southern exposure. The open layout features hardwood floors, recessed lighting, and a cozy fireplace, creating an inviting ambiance for entertaining or relaxation. Step outside to your private terrace or enjoy the common outdoor space and roof deck. See floor plan and full details here.

-23.9% | -$1,255,000

90 East End Avenue, #16A
$3,995,000

Yorkville | Condominium | 4 Bedrooms, 4 Baths | 3,124 ft²

90 East End Avenue, #16A (Douglas Elliman Real Estate)

From the Listing: Indulge in the breathtaking panoramic vistas of the East River that embrace you upon entering this opulent high-floor corner apartment. The allure begins with oversized windows and soaring ceilings, fashioning a loft-like ambiance throughout this extraordinary residence. The expansive 38-foot living and dining room boasts double exposures and captivating views of the East River, Carl Schurz Park, and several bridges. Off the dining room is the large windowed eat-in kitchen, which streams with sunlight and is equipped with plenty of counter and storage space. The three bedrooms, each featuring en-suite baths are nestled in a separate wing. See floor plan and full details here.

-29.2% | -$2,270,000

Metropolitan Tower, #62TE
$5,500,000

Midtown West | Condominium | 4 Bedrooms, 4.5 Baths | 3,366 ft²

Metropolitan Tower, #62TE (Douglas Elliman Real Estate)

From the Listing: Residence #62TE offers four bedrooms with ensuite baths and a separate powder room. The apartment's floor-to-ceiling windows invite fantastic views of the chiseled architecture of NYC and Central Park projecting as far as the reservoir. When you enter the apartment, the foyer leads to a remarkable great room that captures north, east, and south facing views. A well-designed office with shelving and stainless steel and glass cabinetry is adjacent to the great room. See floor plan and full details here.

-12.8% | -$1,250,000

17 Montgomery Place, #TH
$8,500,000

Park Slope | Townhouse | 6+ Bedrooms, 4.5 Baths | 4,738 ft²

17 Montgomery Place, #TH (Compass)

From the Listing: Comprising 8 bedrooms and 4.5 bathrooms, this 4,738-square-foot Beaux-Arts mansion in the heart of the Park Slope Historic District is an unrivaled example of the grandeur and beautifully preserved detail of a bygone era. Inviting arched double doors with an intricate iron scroll grille welcome you into the gracious entry hall that is a showcase of magnificent original detail including the dramatic center staircase flanked by a huge fireplace with a built-in bench, pocket doors and parquet floors. Included with the sale is a parking space at the 24/7 garage condo at Union Street and 7th Avenue. See floor plan and full details here.

-16.7% | -$2,001,000

The Kenilworth, #11N
$9,999,000

Central Park West | Cooperative | 3 Bedrooms, 3 Baths | 2,300 ft²

The Kenilworth, #11N (Brown Harris Stevens Residential Sales LLC)

From the Listing: Upon arrival at Residence #11N, you are greeted with a stunning view of the Park that immediately captivates you. The dramatic foyer leads to a 15-foot gallery and a truly grand 25-foot-wide living room with soaring ceilings adorned with painstakingly restored century-old crown molding. Original and restored pocket doors lead to the 20-foot-long formal dining room overlooking the Park, a rare feature for a Park-facing home. Noteworthy features of this distinguished and sumptuous home include a top-of-the-line central air conditioning system, new plumbing, electricity, insulation, and historically correct fenestration. See floor plan and full details here.

-26.4% | -$7,000,000

10 East 64th Street, #TH
$19,500,000

Park/Fifth Ave. to 79th St. | Townhouse | 5 Bedrooms, 6+ Baths | 8,725 ft²

10 East 64th Street, #TH (Modlin Group LLC)

From the Listing: Built in 1879, this Adamesque home stands apart for its crisp, columned façade and mansard roof, as well as its one-of-a-kind gold and black grilled doors. Designed for luxurious living and the highest caliber entertaining, the six-story residence sprawls over 8,725 square feet and features an additional 700 square feet of outdoor space. Entering the home through stately double doors, you are greeted by a regal, formal gallery. Under a large, Italian crystal chandelier and surrounded by gilded custom-paneling, the jaw-dropping entry sets the tone for this majestic townhouse. See floor plan and full details here.

-26% | -$10,000,000

One Madison, #PH
$28,500,000

Flatiron/Union Square | Condominium | 5 Bedrooms, 6+ Baths | 7,143 ft²

One Madison, #PH (Compass)

From the Listing: At the pinnacle of One Madison, the Triplex Penthouse spans almost 7,000 square feet of expansive living space from the 58th to the 60th floor. The striking double-height windows offer panoramic 360-degree vistas of the skyline and both the East and Hudson Rivers. The heart of this magnificent home is the double-height Great Room, with its soaring ceilings and a generous 586-square-foot terrace that invites entertaining against a backdrop of the city. The thoughtful floor plan also includes a formal dining room and a gourmet kitchen equipped with the finest appliances. The grand circular staircase ascends to first of the bedroom levels, and a secondary staircase takes you to the third level featuring a luxurious primary suite. See floor plan and full details here.

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In this article:

-20.2% | -$100,000

The Bancroft, #81C
$395,000

-17.9% | -$120,000

342 East 50th Street, #2A
$550,000

Select which properties are of interest to you:

-13.3% | -$106,000

East River House, #10J
$689,000

-20.2% | -$240,000

The Bradhurst, #4M
$950,000

-12.1% | -$175,000

Gracie Gardens, #4LM
$1,275,000

-15.4% | -$245,000

Santorini, #5F
$1,350,000

-17.3% | -$345,000

35 Sutton Place, #11A
$1,650,000

-20.2% | -$505,000

39 East 75th Street, #4E
$1,995,000

-22.4% | -$805,000

The Chatsworth, #203
$2,795,000

-5% | -$155,000

14 Second Avenue, #3
$2,945,000

-13.9% | -$525,000

Madison Square Park Tower, #16A
$3,250,000

-14.5% | -$610,000

Tribeca Townhomes, #5
$3,590,000

-23.9% | -$1,255,000

90 East End Avenue, #16A
$3,995,000

-29.2% | -$2,270,000

Metropolitan Tower, #62TE
$5,500,000

-12.8% | -$1,250,000

17 Montgomery Place, #TH
$8,500,000

-16.7% | -$2,001,000

The Kenilworth, #11N
$9,999,000

-26.4% | -$7,000,000

10 East 64th Street, #TH
$19,500,000

-26% | -$10,000,000

One Madison, #PH
$28,500,000

This is your member's center

In this article:

-20.2% | -$100,000 The Bancroft, #81C$395,000

-17.9% | -$120,000 342 East 50th Street, #2A$550,000

Select which properties are of interest to you:

-13.3% | -$106,000 East River House, #10J$689,000

-20.2% | -$240,000 The Bradhurst, #4M$950,000

-12.1% | -$175,000 Gracie Gardens, #4LM$1,275,000

-15.4% | -$245,000 Santorini, #5F$1,350,000

-17.3% | -$345,000 35 Sutton Place, #11A$1,650,000

-20.2% | -$505,000 39 East 75th Street, #4E$1,995,000

-22.4% | -$805,000 The Chatsworth, #203$2,795,000

-5% | -$155,000 14 Second Avenue, #3$2,945,000

-13.9% | -$525,000 Madison Square Park Tower, #16A$3,250,000

-14.5% | -$610,000 Tribeca Townhomes, #5$3,590,000

-23.9% | -$1,255,000 90 East End Avenue, #16A$3,995,000

-29.2% | -$2,270,000 Metropolitan Tower, #62TE$5,500,000

-12.8% | -$1,250,000 17 Montgomery Place, #TH$8,500,000

-16.7% | -$2,001,000 The Kenilworth, #11N$9,999,000

-26.4% | -$7,000,000 10 East 64th Street, #TH$19,500,000

-26% | -$10,000,000 One Madison, #PH$28,500,000

Select which properties are of interest to you:

Listings in this article

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Company

-20.2% | -$100,000

The Bancroft, #81C
$395,000

-17.9% | -$120,000

342 East 50th Street, #2A
$550,000

-13.3% | -$106,000

East River House, #10J
$689,000

-20.2% | -$240,000

The Bradhurst, #4M
$950,000

-12.1% | -$175,000

Gracie Gardens, #4LM
$1,275,000

-15.4% | -$245,000

Santorini, #5F
$1,350,000

-17.3% | -$345,000

35 Sutton Place, #11A
$1,650,000

-20.2% | -$505,000

39 East 75th Street, #4E
$1,995,000

-22.4% | -$805,000

The Chatsworth, #203
$2,795,000

-5% | -$155,000

14 Second Avenue, #3
$2,945,000

-13.9% | -$525,000

Madison Square Park Tower, #16A
$3,250,000

-14.5% | -$610,000

Tribeca Townhomes, #5
$3,590,000

-23.9% | -$1,255,000

90 East End Avenue, #16A
$3,995,000

-29.2% | -$2,270,000

Metropolitan Tower, #62TE
$5,500,000

-12.8% | -$1,250,000

17 Montgomery Place, #TH
$8,500,000

-16.7% | -$2,001,000

The Kenilworth, #11N
$9,999,000

-26.4% | -$7,000,000

10 East 64th Street, #TH
$19,500,000

-26% | -$10,000,000

One Madison, #PH
$28,500,000