The Dakota, 1 West 72nd Street, #75
As CityRealty data shows, Manhattan inventory continues to climb as potential buyers navigate high interest rates and sellers are hesitant to bring prices in line with market realities. Since the start of spring 2024, the number of active Manhattan apartment listings has spiked 17.1%, jumping from 5,964 listings on March 21 to 6,986 listings as of early June. The overall median asking price has softened much however, down by less than one percent compared to the start of spring.
It is against this backdrop that nearly 500 condos, co-ops, condops, and townhouses throughout New York City experienced price reductions from May 28 to June 3, or more than double the number from the week before. A selection of notable listings may be seen below along with a full chart of price cuts. Please be advised that all quoted figures reflect cumulative price cuts as opposed to the most recent reductions.
It is against this backdrop that nearly 500 condos, co-ops, condops, and townhouses throughout New York City experienced price reductions from May 28 to June 3, or more than double the number from the week before. A selection of notable listings may be seen below along with a full chart of price cuts. Please be advised that all quoted figures reflect cumulative price cuts as opposed to the most recent reductions.
In this article:
332 East 77th Street, #6 (Douglas Elliman)
From the Listing: Welcome home to this incredibly unique studio apartment with classic pre-war charm! The spacious layout of this apartment features solid oak floors, elegant exposed brick, recessed light, over 9 foot ceilings, and three massive closets making it perfect for storage. No detail has been overlooked with carefully crafted mahogany woodwork throughout and custom floor-to-ceiling built-in cabinets. The maintenance is 64% tax deductible and the new owner can apply for STAR (School Tax Relief Credit) to get a credit off the maintenance.
See floor plan and full details here.
310 East 49th Street, #9D (William Raveis New York City LLC)
From the Listing: As you step inside this renovated one-bed, you’ll immediately notice the fantastic open layout, and beautiful new oak flooring through out creating a warm and inviting atmosphere. The sunny living room offers plenty of space for entertaining and relaxing. The renovated windowed kitchen boasts new stainless steel appliances, custom cabinetry and an integrated refrigerator, freezer and dishwasher.
See floor plan and full details here.
Chelsea Mews, #8H (Sotheby's International Realty)
From the Listing: Step inside this urban sanctuary, where ample storage transforms into an art form. Ingenious built-ins, expansive closets, and even a hidden loft ensure that every item has its perfect place. The kitchen, a haven for culinary aficionados, boasts a pull-out pantry and abundant cabinetry, making organization and meal prep a breeze. Embrace the fusion of contemporary charm and practicality with recent renovations that include sleek hardwood floors and an elegant bookcase/TV wall unit. See floor plan and full details here.
Claiborne House, #6B (Brown Harris Stevens)
From the Listing: This spacious, south-facing Junior 4 apartment is a harmonious blend of modern living, versatility, and natural beauty. With a balcony that bathes the space in light, an updated kitchen, and a generous living area with a separate dining space that can seamlessly transform into a second bedroom, office or den, this is a home designed to adapt to your needs. The primary bedroom is generously sized, offering ample closet space for your belongings. See floor plan and full details here.
The Mondrian, #24D (Corcoran Group)
From the Listing: As soon as you walk into this apartment, you’ll find an expansive living and dining room surrounded by windows that flood the room with natural light. Its mesmerizing city and East River views will leave you in awe. The kitchen has been thoughtfully modernized with an integrated Bosch washer dryer. From the main living and dining area, there is a private balcony overlooking Second Avenue. See floor plan and full details here.
70 Washington Street, #11J (Serhant LLC)
From the Listing: As you step into this designer home, you’ll be immediately drawn to the expansive living, dining, and kitchen space, with its preserved 11-foot+ vaulted ceilings from the building’s original manufacturing facility. The current owners built out a picturesque, custom home office in the hallway leading to the living/dining area, utilizing every ounce of space to its utmost capacity. The kitchen has been updated with modern cabinetry, creating two sizable pantries, and is equipped with elegant stainless-steel appliances. Option to purchase private cabana for additional cost. See floor plan and full details here.
125 Central Park North, #PH4 (Brown Harris Stevens)
From the Listing: Dramatic panoramic views of Central Park and the Manhattan skyline await at this boutique Central Park North condo. Step off the key-locked elevator directly into your private floor-thru apartment. The kitchen, with stainless steel appliances, provides a pass thru into the open living/dining room and a wall of oversized windows where one can truly appreciate the views and watch the seasons change. See floor plan and full details here.
Lincoln Towers, #23T (Douglas Elliman)
From the Listing: This bright,
spacious, and thoughtfully renovated 2-bedroom, 2-bathroom home is western-facing and bathed in morning sunlight. Enter into a roomy foyer leading into an open-concept living, kitchen, and dining "Room Where It Happens" with a full wall of windows providing dynamic city views and so much light. The kitchen features top-of-the-line appliances, including a Sub-Zero fridge, Wolf range, and Bosch dishwasher,
custom cabinetry, and a spacious quartz breakfast bar with a waterfall edge - perfect for dining and entertaining. See floor plan and full details here.
120 East 81st Street, #16C (Brown Harris Stevens)
From the Listing: For the first time in years, this one-of-a kind home with terrace, three exposures and an abundance of natural light is now on the market. From the gracious entry, the loft-like living-dining area offers uninterrupted panoramic views north and west through a wall of windows. Off the dining area is a big, square, windowed St Charles kitchen with thoughtful and creative design applied to each and every inch of its cabinetry and drawers. See floor plan and full details here.
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333 East 14th Street, #14KLM (Compass)
From the Listing: This sprawling corner unit, spanning approximately 2000 SF, exudes sophistication with its thoughtful design and impeccable layout. As you enter, the foyer leads you into a stunning open kitchen adorned with custom walnut millwork and top-of-the-line appliances. The spacious dining area sets the stage for sophisticated and enjoyable entertaining. A separate den/home office, complete with a large pantry and washer/dryer hook-up, adds versatility to your living space. See floor plan and full details here.
The Platinum, #3702 (Corcoran Group)
From the Listing: This southwestern corner condominium boasts floor-to-ceiling windows, high ceilings, and hardwood floors throughout, providing a spacious floor plan that ensures maximum privacy for both bedrooms. The Lava stone and white quartz-clad kitchen is a chef’s dream, equipped with a spacious kitchen island and top-of-the-line stainless steel appliances from Thermador and Sub-Zero. The primary bedroom is generously designed with a walk-in closet, while the spa-like bathroom boasts a large free-standing soaking tub and a glass-enclosed rain shower with Dornbracht polished chrome faucets. See floor plan and full details here.
The West Broadway Arches, #1C (Corcoran Group)
From the Listing: This impressive duplex loft boasts 2,300 square feet of open space and 2 walls of floor-to-ceiling windows. Upon entering the apartment, the main level opens to a vast 49-foot-long room featuring 13-foot ceilings and white painted brick walls ready to be adorned with artwork. This spectacular entertaining space, incorporating the open kitchen, dining area, living area, and full bathroom, offers gracious views of the private garden ornate with a Caliper Studios sculpture. See floor plan and full details here.
The Apthrop, #6LN (Engel & Volkers)
From the Listing: This well-proportioned 1,767-square-foot home offers an abundance of light and gorgeous original details like dark-stained herringbone floors, ornate wood moldings and elegant chandeliers. A formal entry foyer leads to a bright corner living room with northern and eastern exposures providing open views, and an original Apthorp mantel and decorative plaster moldings. Additional features include 11’ high ceilings, large windowed-eat-in kitchen, washer/dryer, abundant closet space, and individually zoned central AC. See floor plan and full details here.
The Excelsior, #PHA (Compass)
From the Listing: This absolutely stunning duplex apartment is truly a mansion in the sky! With 360-degree views of Manhattan, including unobstructed views of the East River and Central Park, you will be in awe from every angle. Upon entering the apartment you are greeted by a stunning entrance gallery and your eyes are immediately directed to the oversized windows which provide sweeping city and river views. The breathtaking spiral staircase will lead you to the top floor of the apartment where you will find the primary bedroom, primary bathroom, dressing room, and multiple walk-in closets. See floor plan and full details here.
The Lonsdale, #1W2NDFL (Compass)
From the Listing: Located on the second floor in a full-service prewar cooperative, this mint condition and pin drop quiet apartment was gut renovated to perfection by the current owner and boasts the highest quality modern finishes while maintaining its coveted prewar character. From a semi-private elevator vestibule, this elegant home’s 17+ foot entrance mirrored gallery leads you to the graciously proportioned living room, with 9’8" ceilings and an iconic view of the avenue and the beautiful architectural details of The Colony Club across the street. The adjacent formal dining room was opened to create a lofty, oversized great room See floor plan and full details here.
The Dakota, #75 (Douglas Elliman)
From the Listing: Beautifully preserved elegance in the sky at the iconic Dakota! Enter this grand-scaled, 8+room home through a gallery complete with one of five fireplaces throughout this home. Through the large pocket doors is the impressively sized living room with a fireplace and open views of the sky well over Manhattan’s Upper West Side rooftops.
Another set of pocket doors leads to a library that is currently being used as a formal dining room hosting an additional fireplace and a hidden wet bar. See floor plan and full details here.
134 Sullivan Street, #TH (Sotheby's International Realty)
From the Listing: Located in the landmarked Sullivan-Thompson Historic District, this Federal-style townhouse enjoys the best of both worlds as the location enjoys the tranquility typical of Greenwich Village, while having proximity to the heart and energy of SoHo. Currently set up as a two family residence, with a thoroughly renovated lower duplex comprising the ground and parlor floors. Comprehensive renovation work was completed in 2014, and included a full demolition and re-configuration of the garden level, addition of 3 new bathrooms, new kitchen, new well-proportioned stairwell and creation of a paved multilevel rear garden. See floor plan and full details here.
The Dorilton, #9A/10A (Brown Harris Stevens)
From the Listing: Located in one of the grandest turn-of-the-century Beaux-Art buildings, this triple mint duplex with soaring 10-foot ceilings has been renovated to the highest standards. The dramatic double wide living room features a glamorous decorative fireplace and new French door, floor-to-ceiling windows with wide open city views over Broadway. Just off the chef's kitchen, the adjacent formal dining room has ample room for large dinner parties and features a beautiful decorative fireplace and new leaded glass window. 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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