Price Cuts: Tribeca Festival co-founders re-list Dakota home at $20M discount; Grand 3-bed at The Plaza reduced by 22%

By CityRealty Staff | From Great Listings Wednesday, September 18, 2024

The Plaza and Grand Army Plaza

When a condo component was added to The Plaza in 2008, luxury buyers were able to live out Eloise fantasies while enjoying access to the hotel's amenities, restaurants, and services. Another great perk is its Fifth Avenue address. Not only is it located in excellent proximity to Columbus Circle, Carnegie Hall, the Paris Theater, fine dining, and designer shopping, but it is also across from Central Park's Grand Army Plaza.

This central address naturally makes for a bustling environment, and it has gotten less peaceful in recent times: Following the successful restoration of Grand Army Plaza North in 2015, restoration of the Grand Army Plaza South is in progress. The project involves planting new trees, repairing and restoring deteriorating pavements, and updating the mechanicals of the landmarked Pulitzer Fountain. A facade restoration of the landmarked Plaza is also underway.

The restoration of Grand Army Plaza South will make for a beautiful Central Park experience for years to come. But in the immediate term, three listings at The Plaza were among approximately 300 sales listings that experienced price reductions from September 10-16, 2024.

Massive combined apartment at The Dakota

The Dakota, #84 (Douglas Elliman)

Also of note last week, two co-founders of the Tribeca Film Festival relisted their apartment at The Dakota for a lower price than ever. The New York Post reports that the former couple, producer Jane Rosenthal and entrepreneur Craig Hatkoff, assembled the 6,000-square-foot apartment on the eighth floor by combining a number of apartments into one large home with high ceilings, coved ceilings, arched entries, four exposures, and what is said to be the most Central Park frontage of any unit in the building. It was initially listed for $39 million in 2016, and was relisted for $20 million in 2023. It has most recently returned with an asking price of $19,000,000.

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

-7.3% | -$25,000

Tudor Tower, #508
$320,000

Turtle Bay/United Nations | Cooperative | Studio, 1 Bath

Tudor Tower, #508 (Compass)

From the Listing: Newly renovated studio features western exposure with beautiful views of Tudor City Park. The renovated new kitchen features a full sized refrigerator, two-burner electric cooktop, microwave oven, and new white kitchen cabinets and premium countertops. There are two deep closets throughout the space. Electricity, heat, and water are included in the monthly maintenance. Sponsor unit - no board approval required! See floor plan and full details here.

-20% | -$135,000

1818 Newkirk Avenue, #1N
$540,000

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

1818 Newkirk Avenue, #1N (Weichert Properties)

From the Listing: Discover this expansive one-bedroom apartment, located just one flight above street level, offering a southern exposure that fills each room with natural light. The unit features stainless steel appliances, an extra-large living room and dining area, an oversized, tranquil bedroom, beautiful hardwood floors, and ample closet space. The highlight is an impressive 450 square feet of private outdoor space, ideal for entertaining or unwinding in the vibrant heart of Ditmas Park. See floor plan and full details here.

-9.1% | -$60,000

1020 Hancock Street, #2A
$599,000

Bushwick | Condominium | 1 Bedroom, 1 Bath | 662 ft²

1020 Hancock Street, #2A (Brown Harris Stevens Residential Sales LLC)

From the Listing: Meticulously crafted one-bedroom apartment has a bonus room large enough to be used as an office or a walk-in closet. The light-filled interiors, encased by double-pane noise-canceling windows create a serene atmosphere, offering a living experience akin to being in treetops. Quartz countertops and ample kitchen cabinetry add a touch of elegance to the kitchen. Storage unit included. Sponsor to pay transfer tax for contract signed before October 1. See floor plan and full details here.

-11.8% | -$100,000

Goodhue House, #11C
$750,000

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

Goodhue House, #11C (Corcoran Group)

From the Listing: Located on the 11th floor of the highly-regarded Art Deco Goodhue House is this spacious and bright one-bedroom corner apartment. Pre-war details include a step-down living room with two exposures north and east, high beamed ceilings and parquet floors throughout. Windowed kitchen has been opened onto the living room. Monthly maintenance includes electricity, heat and hot water. Owner eager to sell — recent board turndown! See floor plan and full details here.

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-16% | -$175,000

The Armory, #2K
$920,000

Midtown West | Condop | 1 Bedroom, 1 Bath | 1,146 ft²

The Armory, #2K (Corcoran Group)

From the Listing: This magnificent space takes you back to the glory days of artists, designers and intellectuals that filled NYC. The 14' ceiling enables you to make full use of the voluminous amount of cubic square feet allowing for additional rooms. The apartment offers huge oversized windows, beautiful parquets floors, endless and copious storage space featuring two extra-large walk-in closets plus an enormous storage loft, large window A/Cs, excellent full kitchen and renovated bath. See floor plan and full details here.

-23.1% | -$345,000

NINE52, #705
$1,150,000

Midtown West | Condominium | 2 Bedrooms, 2 Baths | 958 ft²

NINE52, #705 (Douglas Elliman Real Estate)

From the Listing: This two-bedroom home boasts high loft-like ceilings, a gracious split-bedroom layout and modern details such as in-unit washer and dryer, hardwood floors throughout and luxuriously appointed bathrooms. The renovated kitchen boasts custom grey and white high gloss cabinets, Kohler sink and built-in appliances. See floor plan and full details here.

-10.7% | -$155,000

The Plaza, #1237
$1,295,000

Midtown West | Condominium | Studio, 1 Bath | 476 ft²

The Plaza, #1237 (Compass)

From the Listing: This perfectly proportioned suite offers a spacious sitting room area, desk, wet-bar and butler’s pantry. The bathroom is finished in 24-carat gold plated Sherle Wagner faucets and the exquisite furnishings are classic Louis XV style. The primary bath is decorated with marble mosaic tile in a leaf-like pattern inspired by Central Park. There is also an owner’s closet in the hallway and beautiful light and city views to the south through oversized windows. See floor plan and full details here.

-11.4% | -$180,000

334 West 86th Street, #6B
$1,395,000

Riverside Dr./West End Ave. | Cooperative | 2 Bedrooms, 1.5 Baths

334 West 86th Street, #6B (Brown Harris Stevens Residential Sales LLC)

From the Listing: Charming five-room apartment in a Rosario Candela building features a lovely north-facing living room with built-in cabinetry, formal dining room, and a windowed eat-in kitchen. Both bedrooms are well proportioned with generous closet space. There are currently one and a half baths, and the building has allowed a second full bathroom with board approval. A storage bin is included in the sale of the apartment. See floor plan and full details here.

-7.7% | -$125,000

The Butler Collection, #10A
$1,500,000

Park Slope | Condominium | 1 Bedroom, 1 Bath | 1,124 ft²

The Butler Collection, #10A (Douglas Elliman Real Estate)

From the Listing: Enjoy contemporary Park Slope living at its finest in this expansive one-bedroom, one-bathroom home with private outdoor space at The Butler Collection's 350 Butler Street. Built in accordance with Passive House design principles, the home features triple-pane windows and an individual ERV unit for superior air quality. Generous open-plan living space welcomes comfortable daily life and entertaining. Elevate your culinary experience in the gourmet kitchen. Last remaining one-bed at The Butler Collection! See floor plan and full details here.

-25% | -$500,000

Liberty Tower, #PH31A
$1,500,000

Financial District | Cooperative | 4 Bedrooms, 4 Baths

Liberty Tower, #PH31A (Serhant LLC)

From the Listing: Penthouse #31A occupies the entire floor of the building and is one short flight up from the 30th floor elevator landing. Its new resident will experience four exposures with panoramic views of the city and the Hudson and East Rivers. This unit enjoys the unique status of being the former attic of the building which comes with special architectural details such as the sloped and vaulted ceilings as well as exposed beams and pipes. This spacious home features 4 bedrooms, 4 bathrooms, separate dining and living areas, a dedicated laundry room, as well as two home office/flex rooms on an additional mezzanine level. See floor plan and full details here.

-10.6% | -$200,000

The Collection, #1613
$1,695,000

Financial District | Condominium | 2 Bedrooms, 2 Baths

The Collection, #1613 (Sothebys International Realty)

From the Listing: Beautiful three-bed boasts 11-foot ceilings with an immense dining/ living room (24' × 23') facing north which allow abundant natural light to flow through its seven large windows. Residence #1613 features an open concept kitchen perfect for entertaining guests, a Sub-Zero fridge, a Miele oven, a dishwasher, and a washer/dryer unit. Both baths offer showers that are opulent and are adorned with stone, bronze and exotic woods. See floor plan and full details here.

-18.5% | -$500,000

Halcyon, #15F
$2,200,000

Turtle Bay/United Nations | Condominium | 2 Bedrooms, 2 Baths | 1,443 ft²

Halcyon, #15F (Engel & Volkers New York Real Estate LLC)

From the Listing: This spectacular corner two-bedroom features two full bathrooms and boats open south and east views of the city. It offers a custom designed Poliform kitchen with Calacatta Gold marble and Miele appliances, a full second bathroom with glass wall tile with bronze Kohler fittings, and a private primary wing with ample closet space with an abundance of light and open sky. The owner has custom fitted the home with electric solar shades and solar shades w/ blackout shades in the bedrooms. Owner says sell! See floor plan and full details here.

-7.9% | -$255,000

70 Charlton, #4D
$2,995,000

SoHo | Condominium | 2 Bedrooms, 3 Baths | 1,631 ft²

70 Charlton, #4D (Compass)

From the Listing: Residence #4D was reconfigured from its original three-bedroom layout to become a nearly 1,650-square-foot two-bedroom. A brushed aluminum sliding panel, custom made for the apartment, separates the gallery from the kitchen, leading you into the open kitchen and 24-foot wide living space. The primary suite has sound-reducing wall upholstery, an enormous built-in closet, and a second hanging closet with built-in hampers. Tax abatement in effect until 2036. See floor plan and full details here.

-19.2% | -$950,000

The Riverdale, #5A
$4,000,000

Riverside Dr./West End Ave. | Cooperative | 5 Bedrooms, 3.5 Baths | 2,757 ft²

The Riverdale, #5A (Brown Harris Stevens Residential Sales LLC)

From the Listing: Pre-WWI home comprises five bedrooms and 3 windowed bathrooms, plus a powder room, in a bright and airy renovated living space that is dripping with ornate and impeccably preserved historic details. The owner completed a full renovation highlighting the prewar motifs, including stained-glass doors, crisp moldings, hardwood mahogany floors, fully outfitted closets including two walk-ins and storage room, a washer/dryer, Marvin commercial-grade windows offering stunning views of Riverside Park, complete with lush treetop vistas and open skies. Two private storage cages included with the sale. See floor plan and full details here.

-14.3% | -$750,000

The Apthorp, #9G
$4,500,000

Riverside Dr./West End Ave. | Condominium | 2 Bedrooms, 3 Baths | 2,422 ft²

The Apthorp, #9G (CORE Group Marketing LLC)

From the Listing: Celebrated interior designer Jennifer Post has put her private residence in the iconic Apthorp condominium on the market! Upon entering, the expansive gallery ushers you into a sprawling living room with 12-foot ceilings, dramatic oversized windows, and a working fireplace. This grand living area effortlessly flows into a loggia which opens onto a spacious dining room with magnificent western light and enchanting partial river views. Just beyond the dining room is a signature Jennifer Post kitchen. See floor plan and full details here.

-8.8% | -$550,000

One Central Park West, #25C
$5,700,000

Central Park West | Condominium | 2 Bedrooms, 2.5 Baths | 1,591 ft²

One Central Park West, #25C (Coldwell Banker Warburg)

From the Listing: This entire corner apartment has been completely renovated, and all rooms face east. Combined with the breath-taking views of Central Park, Columbus Circle and the Manhattan skyline, the design details and finishes together create the perfect home. Beautiful marble and stonework are highlighted in various rooms. The kitchen has an abundance of white oak cabinets which are offset with high-quality appliances. See floor plan and full details here.

-22% | -$3,105,000

The Plaza, #909
$10,995,000

Midtown West | Condominium | 3 Bedrooms, 3 Baths | 2,800 ft²

The Plaza, #909 (Douglas Elliman Real Estate)

From the Listing: Each room in this meticulously restored corner unit showcases various classic keepsakes of The Plaza's prestigious and storied past, all thoughtfully paired with modern posh designs. As you step inside, you are greeted by a dramatic foyer featuring a striking lighted tray ceiling, and are immediately drawn to the fine detail of the bespoke millwork and gorgeous mix of herringbone, narrow plank, and parquet wood floors, all of which carry throughout the entire apartment. The open-concept living and dining area are ideal for entertaining gatherings of all different sizes. See floor plan and full details here.

-51.2% | -$20,000,000

The Dakota, #84
$19,000,000

Central Park West | Cooperative | 5 Bedrooms, 6+ Baths | 6,000 ft²

The Dakota, #84 (Douglas Elliman Real Estate)

From the Listing: As you enter this magnificent residence, you are embraced by the grandeur and timeless charm that only The Dakota can offer. Soaring 11+ foot ceilings and intricate period details set the stage for luxurious living. With five generously sized bedrooms, nine bathrooms, and two wood-burning fireplaces, this home provides ample space for relaxation and entertainment. Pristine turn-of-the-century details, arched doorways, coved ceilings make this grand residence a rare, trophy home. See floor plan and full details here.

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In this article:

-7.3% | -$25,000

Tudor Tower, #508
$320,000

-20% | -$135,000

1818 Newkirk Avenue, #1N
$540,000

-9.1% | -$60,000

1020 Hancock Street, #2A
$599,000

-11.8% | -$100,000

Goodhue House, #11C
$750,000

Select which properties are of interest to you:

-16% | -$175,000

The Armory, #2K
$920,000

-23.1% | -$345,000

NINE52, #705
$1,150,000

-10.7% | -$155,000

The Plaza, #1237
$1,295,000

-11.4% | -$180,000

334 West 86th Street, #6B
$1,395,000

-7.7% | -$125,000

The Butler Collection, #10A
$1,500,000

-25% | -$500,000

Liberty Tower, #PH31A
$1,500,000

-10.6% | -$200,000

The Collection, #1613
$1,695,000

-18.5% | -$500,000

Halcyon, #15F
$2,200,000

-7.9% | -$255,000

70 Charlton, #4D
$2,995,000

-19.2% | -$950,000

The Riverdale, #5A
$4,000,000

-14.3% | -$750,000

The Apthorp, #9G
$4,500,000

-8.8% | -$550,000

One Central Park West, #25C
$5,700,000

-22% | -$3,105,000

The Plaza, #909
$10,995,000

-51.2% | -$20,000,000

The Dakota, #84
$19,000,000

This is your member's center

In this article:

-7.3% | -$25,000 Tudor Tower, #508$320,000

-20% | -$135,000 1818 Newkirk Avenue, #1N$540,000

-9.1% | -$60,000 1020 Hancock Street, #2A$599,000

-11.8% | -$100,000 Goodhue House, #11C$750,000

Select which properties are of interest to you:

-16% | -$175,000 The Armory, #2K$920,000

-23.1% | -$345,000 NINE52, #705$1,150,000

-10.7% | -$155,000 The Plaza, #1237$1,295,000

-11.4% | -$180,000 334 West 86th Street, #6B$1,395,000

-7.7% | -$125,000 The Butler Collection, #10A$1,500,000

-25% | -$500,000 Liberty Tower, #PH31A$1,500,000

-10.6% | -$200,000 The Collection, #1613$1,695,000

-18.5% | -$500,000 Halcyon, #15F$2,200,000

-7.9% | -$255,000 70 Charlton, #4D$2,995,000

-19.2% | -$950,000 The Riverdale, #5A$4,000,000

-14.3% | -$750,000 The Apthorp, #9G$4,500,000

-8.8% | -$550,000 One Central Park West, #25C$5,700,000

-22% | -$3,105,000 The Plaza, #909$10,995,000

-51.2% | -$20,000,000 The Dakota, #84$19,000,000

Select which properties are of interest to you:

Listings in this article

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-7.3% | -$25,000

Tudor Tower, #508
$320,000

-20% | -$135,000

1818 Newkirk Avenue, #1N
$540,000

-9.1% | -$60,000

1020 Hancock Street, #2A
$599,000

-11.8% | -$100,000

Goodhue House, #11C
$750,000

-16% | -$175,000

The Armory, #2K
$920,000

-23.1% | -$345,000

NINE52, #705
$1,150,000

-10.7% | -$155,000

The Plaza, #1237
$1,295,000

-11.4% | -$180,000

334 West 86th Street, #6B
$1,395,000

-7.7% | -$125,000

The Butler Collection, #10A
$1,500,000

-25% | -$500,000

Liberty Tower, #PH31A
$1,500,000

-10.6% | -$200,000

The Collection, #1613
$1,695,000

-18.5% | -$500,000

Halcyon, #15F
$2,200,000

-7.9% | -$255,000

70 Charlton, #4D
$2,995,000

-19.2% | -$950,000

The Riverdale, #5A
$4,000,000

-14.3% | -$750,000

The Apthorp, #9G
$4,500,000

-8.8% | -$550,000

One Central Park West, #25C
$5,700,000

-22% | -$3,105,000

The Plaza, #909
$10,995,000

-51.2% | -$20,000,000

The Dakota, #84
$19,000,000