Price Cuts: Upper East Side's "House of Cassini" slashed by over $15M; Price reductions at 462 St. Mark's Avenue

By CityRealty Staff | From Great Listings Wednesday, October 23, 2024

15 East 63rd Street, #TH (Sotheby's International Realty)

From October 15-21, 2024, over 300 condos, co-ops, condops, and townhouses throughout New York experienced price reductions. Among them was the limestone mansion at 15 East 63rd Street. The house dates back to the Gilded Age, when it was built for financier and philanthropist Elias Asiel, but has gained notoriety in recent years for its connection to fashion designer Oleg Cassini, who is best known for dressing Jacqueline Kennedy during her term as First Lady of the United States.

15 East 63rd Street was known as "the House of Cassini" (h/t Vanity Fair), possibly because Mr. Cassini's design studio was located in the atrium of the building. However, he did not own it; the names on the deed are those of Marianne Nestor Cassini, his wife from 1971 until his death in 2006, and her sister Peggy Nestor. When the sisters bought the townhouse in 1984, it was a seven-unit rental. They planned to convert it to a single-family mansion, but acclaimed interior designer Thomas Britt refused to give up his rent-stabilized apartment in the building.

Mr. Britt moved out of the townhouse in March 2018, but the saga isn't over. One of the house's mortgage lenders filed a foreclosure action in June 2019, but Peggy Nestor filed for bankruptcy a day before the scheduled sale of the townhouse. All this has played out alongside an estate dispute with Mr. Cassini's daughter Christina.

The sale of the townhouse is included in Ms. Nestor's bankruptcy plan; as such, the listing notes that "sale is subject to court approval." It was listed for $65 million in March 2024, but has gradually decreased in price since August 2024. The most recent reduction brings it down to $49,500,000.

A borough away, three units at 462 St. Mark's Avenue experienced price reductions. The 19-unit boutique condominium launched sales earlier this fall and offers such perks as oversized windows, multiple exposures in every unit, a double-height lobby, a fitness center, a lounge, a roof terrace, and an address at the nexus of Prospect Heights and Crown Heights. However, it took shape in a crowded market that shows no sign of slowing down, and the prices may have been cut to help it stand out.

462 St. Mark's Avenue, Brooklyn boutique condominium

462 St. Mark's Avenue (Corcoran Group)

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

-7.9% | -$51,000

The Cove Club, #TH9
$599,000

Battery Park City | Condominium | 1 Bedroom, 1 Bath | 680 ft²

The Cove Club, #TH9 (Serhant LLC)

From the Listing: A tremendous secluded apartment in a pristine building that has just been renovated top to bottom! A thoughtfully designed open kitchen boasts high-end appliances, custom soft-close cabinetry, and custom countertops with a dish drain feature that flows seamlessly into the extra deep kitchen sink. Beautiful recessed lighting illuminates your foldable breakfast bar. The large living room has bouncing cheerful light, easily accommodating an entertaining area, dining area, and work-from-home office. See floor plan and full details here.

-9.5% | -$71,000

The Parkside, #4H
$679,000

Prospect Lefferts Gardens | Condominium | 2 Bedrooms, 1 Bath | 767 ft²

The Parkside, #4H (Douglas Elliman Real Estate)

From the Listing: This fully renovated 2-bed/1-bath apartment is the gem of Prospect Park! Right when you walk in, the hallway draws you into the large living area, which hosts the open-kitchen with stainless steel appliances. This all creates a modern feel and allows for wonderful entertaining. All new bathroom and new white oak floors await the lucky person who grabs this unit while it is still available! See floor plan and full details here.

-14.7% | -$124,500

The Alexandra, #3E
$725,000

Astoria/LIC | Condominium | 1 Bedroom, 1 Bath | 642 ft²

The Alexandra, #3E (The Agency Brokerage)

From the Listing: The Alexandra welcomes residents to experience a Manhattan lifestyle in the heart of Astoria. Residence #3E offers a private balcony and washer dryer in unit. Interiors feature a transitional design palette with natural White Oak flooring, honed Quartz, and brushed stainless steel accents throughout. The open-plan layout graciously welcomes light and air, creating a bright and airy atmosphere. See floor plan and full details here.

-12.3% | -$126,000

The 462 St. Marks Avenue Condominium, #303
$899,000

Crown Heights | Condominium | 1 Bedroom, 1 Bath | 705 ft²

The 462 St. Marks Avenue Condominium, #303 (Corcoran Group)

From the Listing: Residence #303 is an oversized one-bedroom with soaring ceilings, a private balcony, incredible closets and storage, and also includes an oversized kitchen with an unexpectedly large pantry and a loft-like living space perfect for living AND dining. Soaring 10' minimum ceiling heights and oversized windows are the defining characteristics of this light-filled home. See floor plan and full details here.

Would you like to tour any of these properties?

Just complete the info below.

-16.4% | -$196,000

The Hartford, #8N
$999,000

Midtown West | Cooperative | 1 Bedroom, 1 Bath

The Hartford, #8N (Elegran LLC)

From the Listing: Love the light in this rare, renovate corner loft! 11-foot ceiling, skylit living room, new oversized pin-drop quiet tilt & turn windows, skyline and open city views north, east, and west grace this space with all-day sun. Beautifully finished hardwood floors, in-beam recessed lighting, all new and never used top-to-bottom kitchen renovation includes full size Miele washer and dryer, top-of-the-line appliances, maple Wood custom cabinets, and Snow White Corian Countertops. See floor plan and full details here.

-20.3% | -$305,000

Cannon Point South, #16B
$1,195,000

Beekman/Sutton Place | Cooperative | 2 Bedrooms, 2.5 Baths

Cannon Point South, #16B (Douglas Elliman Real Estate)

From the Listing: This gracious 2-3 bedroom, 2.5-bath home will satisfy those with a discerning eye for style and value. One of a kind --created by the building's developer for himself --- this Special B line enjoys a flexible yet traditional layout with great light and open views from its 16th floor vantage point. Entertaining is seamless in the massive Great Room (almost 500 square feet!) which enjoys two seating areas, a decorative fireplace and six large windows overlooking tranquil Sutton Place. The oversized windowed chef's kitchen has abundant cabinetry and counter space, plus a dining area for four. See floor plan and full details here.

-12.4% | -$174,000

Castle Village, #61
$1,225,000

Washington Heights | Cooperative | 2 Bedrooms, 2 Baths

Castle Village, #61 (Compass)

From the Listing: Welcome home to this rarely available gracious and spacious home with split 2 bedrooms, 2 baths plus a third junior room currently used as an office. This home has a glorious open feel boasting river views from the moment you cross the threshold and from every window - unobstructed views of about 10 miles of the Hudson River including the entire George Washington Bridge! As it is a combination of a large one-bed plus a studio, the kitchen and junior room have been swapped from the usual layout - allowing the kitchen to open into the grand living room, making for the perfect entertaining space for guests. See floor plan and full details here.

-14.7% | -$250,000

36 West 88th Street, #4
$1,450,000

Central Park West | Cooperative | 2 Bedrooms, 2 Baths

36 West 88th Street, #4 (Compass)

From the Listing: Divine park block duplex with a huge private roof deck is now available for the first time in decades. As you step inside, you are greeted by 22-foot high ceilings illuminated by skylights, that is the perfect spot for dining. The thoughtful split-bedroom layout maximizes privacy. Go straight up the stairs to the expansive living room with soaring 12-foot ceilings that looks out to the glorious roof deck, offering a seamless indoor-outdoor living experience. See floor plan and full details here.

-6.7% | -$120,500

The 505, #PH3N
$1,674,500

Midtown West | Condominium | 2 Bedrooms, 2 Baths | 1,009 ft²

The 505, #PH3N (CORE Group Marketing LLC)

From the Listing: Penthouse 3-N is a south-facing, well-appointed, split two-bedroom, two-bathroom home with a large terrace and a 625-square-foot private rooftop with water and gas hookups. Double-pane, double-locked windows provide peace and quiet and allow plenty of natural light, with open skyline views. The flooring throughout this home is made of sustainable pressurized bamboo. The open kitchen features Calacatta marble countertops, a Bosch range, oven, and microwave, a Fisher & Paykel refrigerator, and custom cabinetry. See floor plan and full details here.

-30.9% | -$850,000

105 15th Street, #5FL
$1,900,000

Gowanus | Condominium | 3 Bedrooms, 2 Baths | 1,800 ft²

105 15th Street, #5FL (Corcoran Group)

From the Listing: Boasting a generous 1,800 square feet, this Park Slope gem is perfect for those seeking a luxurious lifestyle. You are greeted by a gracious layout that includes a spacious living room, dining room, and an open-concept gourmet chef's kitchen. Three floor-to-ceiling balcony windows wrap around the unit, flooding the space with abundant natural light and offering stunning views of the historic Brooklyn skyline. It is topped with a private 1,000-square-foot roof terrace. See floor plan and full details here.

-11.3% | -$255,000

University Mews, #510
$1,995,000

Greenwich Village | Cooperative | 2 Bedrooms, 2 Baths

University Mews, #510 (Corcoran Group)

From the Listing: While fully modernized, Residence 510 offers absolutely stunning prewar features, including soaring 11-foot barrel-vault ceilings, oversized windows, and a massive 34-foot-long living space. The spacious living/entertaining space provides ample room for multiple seating areas, large walls for displaying artwork and a dining area that can accommodate a table for 10+ guests. The shelving along the dining wall elegantly frames the space, and provides additional storage and display space. See floor plan and full details here.

-7.4% | -$200,000

10 Leonard Street, #6N
$2,498,000

Tribeca | Cooperative | 2 Bedrooms, 2 Baths

10 Leonard Street, #6N (Compass)

From the Listing: Nestled in the heart of Tribeca, 10 Leonard Street 6N offers a unique opportunity to own a versatile and character-filled loft. Filled with original details, including wood floors, French doors leading to the bedrooms, and windows framed by exposed brick, this is a true gem. This two-bedroom is currently configured as two separate 1-bedroom, 1-bathroom units, offering a variety of possibilities to suit your lifestyle needs. See floor plan and full details here.

-13.9% | -$451,000

Two Northside Piers, #25P
$2,799,000

Williamsburg | Condominium | 2 Bedrooms, 2.5 Baths | 1,555 ft²

Two Northside Piers, #25P (Compass)

From the Listing: Taking full advantage of this commanding location, every room of this high-floor showplace is drenched in mesmerizing natural light and forever unobstructed vistas. The nearly 24-foot-long great room delivers a generous footprint for lavish entertaining and peaceful relaxation alike. Plan exciting dinner parties for 10 of your closest friends in the spacious dining area, and enjoy cozy movie nights in front of the motorized projection screen television. The private terrace is the perfect destination for watching the passing boats over morning coffee or enjoying after-dinner drinks with the sparkling skyline as your backdrop. Tax abatement in effect until 2036. See floor plan and full details here.

-20.7% | -$780,000

Madison Square Park Tower, #16A
$2,995,000

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 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.

-8.7% | -$300,000

399 Washington Street, #4
$3,150,000

Tribeca | Cooperative | 2 Bedrooms, 2 Baths | 1,800 ft²

399 Washington Street, #4 (Douglas Elliman Real Estate)

From the Listing: Fashion lovers will swoon for this completely turn-key Tribeca loft, renovated with a designer's eye. Interiors feature an oversized living room with extra dining and an additional media room with lustrous, opaque pocket doors, allowing the space to flex to your entertaining needs. The modern kitchen, clad in Ann Sachs marble counters, cabinetry by Ornare, and updated stainless-steel appliances, juxtaposed against the exposed brick living room with raw hewn traditional wood floors, evokes the iconic downtown apartments in the New York romantic comedy canon. Each home in the building receives dedicated storage space. See floor plan and full details here.

-13% | -$650,000

10 Madison Square West, #9A
$4,350,000

Flatiron/Union Square | Condominium | 3 Bedrooms, 3.5 Baths | 2,205 ft²

10 Madison Square West, #9A (Corcoran Group)

From the Listing: Expansive, beautifully renovated, north- and south-facing apartment is stunning, super chic, and light-filled. 10'+ beamed ceilings, massive sound-proof windows and 6" wide-plank white oak floors provide for gracious proportions and exceptional light. An architectural hardwood entry door opens into a impressive gallery with powder room. Beyond, the oversized, and almost square Great Room is an open chef's kitchen with white SieMatic cabinetry, Bianco Carrara marble countertops and top-of-the-line appliances. See floor plan and full details here.

-15.5% | -$1,005,000

2 Fifth Avenue, #14RU
$5,495,000

Greenwich Village | Cooperative | 3 Bedrooms, 3 Baths

2 Fifth Avenue, #14RU (Brown Harris Stevens Residential Sales LLC)

From the Listing: Sleek and renovated to perfection, this spectacular Greenwich Village 3-bedroom with unobstructed views, over 9' ceilings, and more than 1,250 square feet of private terraces is the pinnacle of luxury living. Custom retractable glass doors in the living/dining area create a seamless indoor/outdoor experience leading to your majestic terrace. A retractable projection TV, built-in Sonos audio, and remote electric solar shades, provides the perfect entertainment combination. Poggenpohl cabinets, top-of-the-line appliances, Caesarstone countertops, water filtration and a built-in coffee station makes this kitchen a cook's favorite. See floor plan and full details here.

-30.1% | -$2,800,000

134 Sullivan Street, #TH
$6,500,000

SoHo | Townhouse | 6+ Bedrooms, 6+ Baths | 4,752 ft²

134 Sullivan Street, # (Sothebys 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.

-13.1% | -$1,045,000

Fifteen, #10
$6,950,000

Central Park West | Condominium | 4 Bedrooms, 4 Baths | 3,542 ft²

Fifteen, #10 (Serhant LLC)

From the Listing: Welcome to this lavish full-floor condo with a pair of private terraces, a one-of-a-kind 4-bedroom, 4-bathroom home where residents enjoy the elegance of the Upper West Side on the doorstep of Central Park. Oversized casement windows frame breathtaking park and city views. Beautiful European herringbone white oak hardwood floors sit beneath soaring 10+ foot ceilings. The home comes with a Daikin HVAC system, a massive storage room, an in-unit washer and dryer from LG, and pre-wiring for smart home functionality. See floor plan and full details here.

-26.3% | -$3,550,000

785 Park Avenue, #17BC
$9,950,000

Park/Fifth Ave. to 79th St. | Cooperative | 2 Bedrooms, 3 Baths

785 Park Avenue, #17BC (Douglas Elliman Real Estate)

From the Listing: A minimalist masterpiece by M. Gabellini, FAIA, this very sophisticated and sun-flooded residence is surrounded by gorgeous, expansive terraces. Conceptually unified and with extraordinary attention to detail, fabrication, and materials, the apartment is sublime.With four exposures, the glamorous, sun-flooded rooms of this apartment are presented as a serene horizontal spatial field defined by French plaster walls and ceilings, and a continuous, honed limestone floor. The living spaces are treated as connecting, open courtyards articulated by striking volumes of ribbon mahogany. See floor plan and full details here.

-11.5% | -$1,500,000

The Four Seasons Private Residences, #PH75B
$11,500,000

Tribeca | Condominium | 3 Bedrooms, 5 Baths | 3,121 ft²

The Four Seasons Private Residences, #PH75B (Sothebys International Realty)

From the Listing: Live luxuriously at the Four Seasons Private Residences in a rarely available Half-Floor Penthouse with two outdoor terraces! This sprawling bespoke home combines extraordinary living and gracious entertaining with world-renowned Four Seasons amenities. Soaring 13-foot ceilings showcase breathtaking Manhattan views and the entire home is accented with top of the line craftsmanship and finishes throughout. See floor plan and full details here.

-23.8% | -$15,500,000

15 East 63rd Street, #TH
$49,500,000

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

15 East 63rd Street, #TH (Sothebys International Realty)

From the Listing: Sophisticated and richly appointed, this rare offering of one of New York’s great Gilded Age limestone Beaux Arts mansions, is a glistening survivor, one of the few remaining and most architecturally intact of its Gilded Age splendor on the Upper East Side. Reminiscent of the mansions of Paris, the extraordinary limestone façade with center entrance and secondary entrance, has delicate floral garlands, arched French windows, a copper mansard roof, and three terraces including two rooftop terraces with glorious city and Central Park views. See floor plan and full details here.

Would you like to tour any of these properties?

This is your member's center

In this article:

-7.9% | -$51,000

The Cove Club, #TH9
$599,000

-9.5% | -$71,000

The Parkside, #4H
$679,000

-14.7% | -$124,500

The Alexandra, #3E
$725,000

-12.3% | -$126,000

The 462 St. Marks Avenue Condominium, #303
$899,000

Select which properties are of interest to you:

-16.4% | -$196,000

The Hartford, #8N
$999,000

-20.3% | -$305,000

Cannon Point South, #16B
$1,195,000

-12.4% | -$174,000

Castle Village, #61
$1,225,000

-14.7% | -$250,000

36 West 88th Street, #4
$1,450,000

-6.7% | -$120,500

The 505, #PH3N
$1,674,500

-30.9% | -$850,000

105 15th Street, #5FL
$1,900,000

-11.3% | -$255,000

University Mews, #510
$1,995,000

-7.4% | -$200,000

10 Leonard Street, #6N
$2,498,000

-13.9% | -$451,000

Two Northside Piers, #25P
$2,799,000

-20.7% | -$780,000

Madison Square Park Tower, #16A
$2,995,000

-8.7% | -$300,000

399 Washington Street, #4
$3,150,000

-13% | -$650,000

10 Madison Square West, #9A
$4,350,000

-15.5% | -$1,005,000

2 Fifth Avenue, #14RU
$5,495,000

-30.1% | -$2,800,000

134 Sullivan Street, #TH
$6,500,000

-13.1% | -$1,045,000

Fifteen, #10
$6,950,000

-26.3% | -$3,550,000

785 Park Avenue, #17BC
$9,950,000

-11.5% | -$1,500,000

The Four Seasons Private Residences, #PH75B
$11,500,000

-23.8% | -$15,500,000

15 East 63rd Street, #TH
$49,500,000

This is your member's center

In this article:

-7.9% | -$51,000 The Cove Club, #TH9$599,000

-9.5% | -$71,000 The Parkside, #4H$679,000

-14.7% | -$124,500 The Alexandra, #3E$725,000

-12.3% | -$126,000 The 462 St. Marks Avenue Condominium, #303$899,000

Select which properties are of interest to you:

-16.4% | -$196,000 The Hartford, #8N$999,000

-20.3% | -$305,000 Cannon Point South, #16B$1,195,000

-12.4% | -$174,000 Castle Village, #61$1,225,000

-14.7% | -$250,000 36 West 88th Street, #4$1,450,000

-6.7% | -$120,500 The 505, #PH3N$1,674,500

-30.9% | -$850,000 105 15th Street, #5FL$1,900,000

-11.3% | -$255,000 University Mews, #510$1,995,000

-7.4% | -$200,000 10 Leonard Street, #6N$2,498,000

-13.9% | -$451,000 Two Northside Piers, #25P$2,799,000

-20.7% | -$780,000 Madison Square Park Tower, #16A$2,995,000

-8.7% | -$300,000 399 Washington Street, #4$3,150,000

-13% | -$650,000 10 Madison Square West, #9A$4,350,000

-15.5% | -$1,005,000 2 Fifth Avenue, #14RU$5,495,000

-30.1% | -$2,800,000 134 Sullivan Street, #TH$6,500,000

-13.1% | -$1,045,000 Fifteen, #10$6,950,000

-26.3% | -$3,550,000 785 Park Avenue, #17BC$9,950,000

-11.5% | -$1,500,000 The Four Seasons Private Residences, #PH75B$11,500,000

-23.8% | -$15,500,000 15 East 63rd Street, #TH$49,500,000

Select which properties are of interest to you:

Listings in this article

Tags:

Related Articles

Buy & Sell

Rent

Buildings

Insights

Company

-7.9% | -$51,000

The Cove Club, #TH9
$599,000

-9.5% | -$71,000

The Parkside, #4H
$679,000

-14.7% | -$124,500

The Alexandra, #3E
$725,000

-12.3% | -$126,000

The 462 St. Marks Avenue Condominium, #303
$899,000

-16.4% | -$196,000

The Hartford, #8N
$999,000

-20.3% | -$305,000

Cannon Point South, #16B
$1,195,000

-12.4% | -$174,000

Castle Village, #61
$1,225,000

-14.7% | -$250,000

36 West 88th Street, #4
$1,450,000

-6.7% | -$120,500

The 505, #PH3N
$1,674,500

-30.9% | -$850,000

105 15th Street, #5FL
$1,900,000

-11.3% | -$255,000

University Mews, #510
$1,995,000

-7.4% | -$200,000

10 Leonard Street, #6N
$2,498,000

-13.9% | -$451,000

Two Northside Piers, #25P
$2,799,000

-20.7% | -$780,000

Madison Square Park Tower, #16A
$2,995,000

-8.7% | -$300,000

399 Washington Street, #4
$3,150,000

-13% | -$650,000

10 Madison Square West, #9A
$4,350,000

-15.5% | -$1,005,000

2 Fifth Avenue, #14RU
$5,495,000

-30.1% | -$2,800,000

134 Sullivan Street, #TH
$6,500,000

-13.1% | -$1,045,000

Fifteen, #10
$6,950,000

-26.3% | -$3,550,000

785 Park Avenue, #17BC
$9,950,000

-11.5% | -$1,500,000

The Four Seasons Private Residences, #PH75B
$11,500,000

-23.8% | -$15,500,000

15 East 63rd Street, #TH
$49,500,000