Earlier this spring, the Federal Reserve approved the first interest rate increase since December 2018 in a move that they hope will curb inflation without affecting economic growth. It remains to be seen how this will impact New York's record-breaking real estate market, though. Last week, the purchaser of a record-breaking Harlem townhouse closed the sale on the last possible day before having to renegotiate a new, likely higher mortgage rate. At the same time, appraiser Jonathan Miller points out that New York's market share of all-cash buyers in the first quarter of 2022 was 47.4 percent, indicating that it might have less of an impact here than in other parts of the country.
In this environment, a total of 262 sales listings throughout New York City experienced price reductions over the past seven days. A full, sortable chart may be found below, along with a selection of notable listings.
In this environment, a total of 262 sales listings throughout New York City experienced price reductions over the past seven days. A full, sortable chart may be found below, along with a selection of notable listings.
In this article:
301 East 63rd Street, #6H (Sotheby's International Realty)
From the Listing: Spacious alcove studio on the sixth floor boasts a row of windows and tons of light. Enjoy western exposure with open views along Second Avenue. Four closets and floor-to-ceiling built-in cabinets allow for tons of storage. Building amenities include full-time doorman, laundry room, bike room, and a landscaped roof deck. The H line can also be easily converted to a one-bedroom - examples available upon request. See floor plan and full details here.
Hotel des Artistes, #201 (Compass)
From the Listing: This Hotel des Artistes apartment with a prestigious address was once the studio of author Peter Benchley ('Jaws'). With a unique open layout, it has a raised kitchen/dining alcove and a built-in bed. Apartment 201 is one of only three studios in the Hotel des Artistes, so this is a very rare opportunity to reside in this highly desirable building. Steps from Central Park and Lincoln Center, this home offers all the amenities of the sought-after Hotel des Artistes — a swimming pool, two work out rooms, a squash court with a basketball hoop and a roof deck, all with no extra fees. See floor plan and full details here.
233 East 88th Street, #2W (Warburg Realty)
From the Listing: Endless possibilities for this classic railroad-style apartment with three connected rooms currently configured as a 2-bedroom plus office — easily convertible to a home office, den, or closet spaces as a large one bedroom. Exposed brick along the dining room wall separates the large living space and brings pre-war charm with light coming from the windowed kitchen's south-facing garden views. A stainless steel oven range completes the corner kitchen with an in-unit washing machine. The apartment has hardwood floors throughout and French doors leading to the primary bedroom with north-facing windows. See floor plan and full details here.
The Black & Whites, #2A (Compass)
From the Listing: This beautifully renovated, distinctive one-bedroom home on a quiet cul-de-sac features high ceilings, hardwood floors, partial East River views, and a decorative fireplace. The combined living and dining room are ideal for quiet evenings at home or entertaining with charming streetscape views. The renovated open kitchen has an exposed brick wall and features custom cabinetry, a breakfast bar for casual meals, and high-end appliances. The generously proportioned bedroom also features plenty of light and a charming view. There is ample closet space and a renovated bath with a large walk-in rain shower. See floor plan and full details here.
The Calyx, #3C (Sotheby's International Realty)
From the Listing: This turnkey studio in the East Village is larger than most one-bedroom Downtown residences. Newly renovated, this spacious condo offers 785 square feet of interior space, hardwood floors, high ceilings, double-pane windows and a suite of top-of-the-line appliances. The foyer welcomes you into an east facing grand living room offering window walls bathed in sunshine framing treetop and open views. The spacious living area provides plenty of space for entertaining and a comfortable home office set-up. An open kitchen features custom cabinetry, white porcelain tile flooring and a large island with quartz countertop suited for entertaining. See floor plan and full details here.
The St. Germaine, #17I (Douglas Elliman)
From the Listing: Located in the heart of the West Side, this is a great opportunity to own in an Art Deco pre-war building. Upon entering, you'll find a dining foyer that leads to a spacious and large dropped living room with two stairs, five closets and wide open views from a high floor. The oversized living room could easily accommodate a dining area as well. Beautiful hard wood floors run throughout. The extra large primary bedroom has a windowed full bathroom. The bright windowed kitchen has been renovated and could hold a cafe table with two chairs. Estate sale — motivated seller. See full details here.
Tower East, #14D (Warburg Realty)
From the Listing: Apartment 14D is a sun-filled, spacious corner 4-bedroom, 4-bathroom home with open city views. The 25-foot wide grand living room is perfect for both living and entertaining. The windowed kitchen is bright and spacious. A private dressing room and oversized bathroom complete the primary suite. There are tons of closets and oversized windows that allow sunlight to stream throughout this east-facing apartment. See full details here.
The Hartford, #3N (Compass)
From the Listing: At this move-in ready designer loft, a voluminous living room with windows facing north and west is perfect for comfortable living, dining, lounging, and entertaining. The windowed kitchen features stainless steel Miele appliances, storage, and pantry space galore. The floor-to-ceiling double-wide entrance closet and hallway overhead storage are large enough to fit suitcases. Additional features include generous bedroom, bath with heated towel rack, and hardwood floors and City Quiet windows. See floor plan and full details here.
The Bakery, #3A (Brown Harris Stevens)
From the Listing: Stunning mint home boasts 11'4" beamed ceilings, exposed brick painted white, and a large wood-burning fireplace awaits. It faces south through three oversized windows with truly exceptional sunlight all afternoon; the windows have electric wired remote solar blinds and under window air conditioning. The floors are an elegant medium brown oak strip throughout. The home is wired for sound with volume controls in the bedroom, kitchen and shower! This broker/owner home was completely remodeled and includes a huge full-height fitted California closet/dressing room (with mirrors in the French door insets). There is also a home office corner in the living room with custom metal shelving above. See floor plan and full details here.
35 West 54th Street, #7 (City Connections Realty)
From the Listing: Come fall in love with this spacious, light-filled one-bedroom/convertible two-bedroom residence. Featuring a most gracious entry foyer, a long hallway leads to a grand living room great for entertaining. You will delight in the enticing wood burning fireplace, with a marble mantel, ideal for those long cold winter nights. You will also enjoy the built-in bookcase and custom cabinets. Step through the pocket doors into the huge dressing area which leads to the bedroom and beautifully renovated bathroom, decorated with Bulgarian Limestone and mosaic accents. You will enjoy cooking in the colorful chef's kitchen, complemented with stainless steel appliances and Waterworks glass mosaic tiles. See floor plan and full details here.
The Altamonte, #1D (Compass)
From the Listing: Custom designed, this raised first-floor duplex home on a tree-lined Morningside Heights block is set back from the sidewalk and has been lovingly cared for. As you enter into the gracious open living and entertaining space you will enjoy the perfect mix of updated elements and original detail. The apartment offers a well flowing layout with windows in every room and natural light throughout. Beautifully renovated, the open kitchen is complete with custom ash cabinets, Silestone countertops, and high-end appliances. The staircase, designed by Thorton Thomasetti, will lead you to the separated bedroom wing. See floor plan and full details here.
Jade, #5E (Serhant)
From the Listing: A pristine corner condo saturated with eastern and southern light, this sun-splashed Flatiron home is a paradigm of urban functionality and charm. Features include soaring 11-foot beamed ceilings, sash windows with custom treatments, central A/C, an in-unit washer/dryer, a pair of chic Juliet balconies with lovely French doors, and a unique kitchen/bathroom pod that offers a contemporary flourish to classic city design themes like hardwood plank floors and exposed pipes. The pod-style kitchenette possesses a sleek white lacquer exterior and is equipped with custom cabinets and fully-integrated high-end appliances from Miele and Sub-Zero. The bedroom has a large reach-in closet and easy access to a spacious full bathroom adorned with mosaic tile walls and floors, elegant fixtures, and a two-person walk-in rain shower. See floor plan and full details here.
14 East 74th Street, #3 (Sotheby's International Realty)
From the Listing: Accessed through a private elevator landing, an entrance gallery leads to a grand living room with high ceilings, tall windows and a grand fireplace. A spacious kitchen completes the entertainment area. The extra-large bedroom with its grand fireplace, high ceilings, courtyard view and its windowed bathroom will enchant you. There is a lot of closet space: a coat closet is perfectly placed upon entry, a grand walk-in cedar paneled closet is beside the bedroom, another deep closet opposite the walk-in closet and a storage space in the basement. See floor plan and full details here.
444 East 52nd Street, #MAISONETTE1A (Sotheby's International Realty)
From the Listing: This Duplex Maisonette street entrance is on a tree-lined cul-de sac-overlooking the River. The reception floor has a stylish large dining room/family room, a guest room/library with a full bath and a chef's kitchen with a washer/dryer and service entrance. From the spacious gallery, with a powder room and a generous coat closet, a dramatic circular staircase will bring you to the second-floor landing, leading to the glamorous living room with views to the East River. Also on this level there are two primary bedroom suites and a second entrance to the apartment from the building. See floor plan and full details here.
1230 Park Avenue, #4D (Sotheby's International Realty)
From the Listing: Off of a semi-private landing, enter this bright and spacious classic six home with open views of Park Avenue in a prime Carnegie Hill location. The gracious entrance foyer leads to a formal dining room. The generous living room with views of Park Avenue flows seamlessly into the large adjoining dining room, creating the perfect layout for gracious entertaining. Adjacent to the dining room, is the windowed kitchen with pantry and a vented washer/dryer. The corner primary bedroom enjoys double exposure facing east onto Park Avenue and north. See floor plan and full details here.
Randall House, #12H (Brown Harris Stevens)
From the Listing: This spacious high-floor corner unit has a windowed kitchen, separate dining foyer, split bedroom layout with sunny east and north exposures including stunning views of Grace Church and its gardens. The kitchen has custom wood cabinets, granite countertop and tiled backsplash. There is ample storage with four large closets. This terrific layout can easily convert into a two-bedroom (as seen in the alternate floor plan). See full details here.
BLVD, #10C (MNS)
From the Listing: As you enter this impeccable layout, you will first be greeted with larger-than-life windows and sunshine! Here you will find oak flooring, an elegant marble kitchen, deluxe spa-like bathrooms and ample closet space. Your luxurious kitchen is graced with custom Linea Decor cabinetry, Bosch appliances with a fully integrated refrigerator and dishwasher, and marble counters and backsplash with an exceptional waterfall detail. As an added bonus, you can enjoy your morning coffee on your private balcony. Each bedroom has ample closet space with additional storage available in the large washer and dryer closet. See floor plan and full details here.
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955 Lexington Avenue, #5C (Warburg Realty)
From the Listing: This classic six bursts with light and charm and features a wood-burning fireplace, a corner dining room and primary bedroom, a serene study/second bedroom, and 9'7" ceilings. It is located in a boutique, 12-story co-operative in the prime of the Upper East Side with a beautiful new roof garden. See floor plan and full details here.
4 East 70th Street, #4/5A (Sotheby's International Realty)
From the Listing: Located on the 4th and 5th floors, in one of Lenox Hill's premier boutique cooperatives, this high-floor duplex overlooks the soon to be gorgeously enhanced Frick Museum grounds and has northwestern side views of Central Park. This sprawling residence reflects the timeless appeal of its late 1930s heritage with its fluid modern layout, beautiful herringbone hardwood floors, wood-burning fireplace, and abundant natural northern and southern light. Enter through the chic, expansive foyer which flows into the stylish corner living room and adjacent dining room with southern views of the lush townhouse gardens. There is a convenient powder room with separate enclosed toilet nearby. The dining room connects to the windowed kitchen, which offers lots of counter space, excellent cabinet space, and top-of-the-line appliances for the chef. See floor plan and full details here.
936 Fifth Avenue, #11A (Brown Harris Stevens)
From the Listing: Unit 11A, a spacious 2-3 bedroom apartment at 936 Fifth Ave, not only has direct, unobstructed views of Central Park from oversized picture windows, but also wide-open views to the east, a rare good fortune for a Fifth Ave home. Off a semi-private elevator landing, the large foyer and gallery set the tone upon entry. The living room and primary bedroom both face the Park at the perfect eleventh floor elevation, with views of the Central Park West and Central Park South skylines, midtown and beyond. The large bright formal dining room is perfect for entertaining. See floor plan and full details here.
Barbizon 63, #13A (Fox Residential Group)
From the Listing: This perfectly appointed pre-war apartment at the historic Barbizon 63 Condominium has a most gracious layout for both entertaining and quiet living. A formal entry foyer and elegant gallery with powder room leads into a large loft-like living/dining room with north, south, east, and west views and terraces. There is an exquisite state- of-the-art windowed eat-in gourmet kitchen with a Miele range, oven and dishwasher as well as a huge Sub-Zero refrigerator. The primary bedroom has a walk-in closet and stunning en-suite white marble windowed bath with double sinks, massive tub, over-sized shower and heated floors. See floor plan and full details here.
1st & First, #1N (Compass)
From the Listing: In the midst of the Bohemian East Village, find rhapsody in your stunning duplex home. The loft-like first floor has an open floor plan complete with spacious living and dining area, two closets, a half-bath, and a European chef's kitchen that would be the envy of any bistro chef with its Wolf gas oven and stove top, Bosch dishwasher, and Sub-Zero refrigerator. Off the kitchen is space suitable for a home office. Floor-to-ceiling windows reveal your oasis: a private approximately 1,000-square-foot backyard garden with Eco-Smart fire pit, state-of-the-art irrigation system, and two entrances. See floor plan and full details here.
The Printing House, #316 (Compass)
From the Listing: Unit #316 has been completely redesigned-- while leaving subtle hints of the original architecture, dating back to 1905. This home is a well thought out combination of eclectic design built for modern-day living. Boasting a 25-foot center island, the chef's kitchen includes a top-of-the-line Wolf wall-oven, microwave and gas stovetop, Bosch dishwasher, Sub-Zero refrigerator, and superb custom cabinetry from floor to ceiling. The piece de resistance is the massive living room with a fireplace, flat-screen TV, electric shades, and vast ceiling height which allow for large entertaining, hanging of large gallery art with a great distribution of southern light. See floor plan and full details here.
15 West 81st Street, #10/11G (Compass)
From the Listing: This truly special duplex residence near Central Park was an original duplex as designed by Emery Roth himself and has only been enjoyed by two families in the long history of the landmarked building. Resplendent with outstanding natural light streaming through the north-facing original stained-glass doors and windows leading to the private terrace. This exceptional home features a graceful layout with beautiful herringbone floors, soaring ceilings, classic moldings, and elements of restored original finishes.
A gracious foyer greets you upon arrival with a sweeping original staircase leading to the upper-level bedroom suites. The living room features original stained-glass windows and doors which lead to the terrace which stretches 32 feet long and over 6 feet wide providing an outdoor oasis and a spectacular entertaining option. See floor plan and full details here.
50 United Nations Plaza, #33A (Douglas Eliman)
From the Listing: Sophisticated and sun-drenched, this corner three-bedroom, three-bathroom luxury condominium residence designed by architect Sir Norman Foster is the highest floor available in the line. Originally acquired from the sponsor, the apartment is in pristine condition and has barely been lived in. Providing panoramic sweeping views of the East River, The United Nations, Empire State and Chrysler Buildings, the residence spans approximately 2,609 square feet and has 11" ceilings. There are solid white oak hardwood floors, motorized shades and multi-zone central air conditioning with thermostats in each room. Enter a grand, sun-flooded living room with eastern and southern exposures and breathtaking views of the river as showcased through floor-to-ceiling bay windows. Beautifully decorated by Patrick Lonn, the unit can be purchased unfurnished or furnished. See floor plan and full details here.
Gilsey House, #6AB (Brown Harris Stevens)
From the Listing: An impeccable combination of two spacious units in a New York City Landmark, the 4,241-square-foot apartment offers 4 bedrooms, a home office, 3.5 baths, expansive light-bathed living quarters, and closet space galore. A gracious foyer with wood-paneled accent wall and chic lighting spills into the dramatic great room that epitomizes modern allure and fine design. Airy, nearly 11-foot ceilings, oversized windows on triple exposures, rich hardwood floors and stunning architectural details enhance the striking ambience of a modern home married with a pre-war building. The sleek open kitchen is a dream, outfitted with top-of-the-line fit and finishes plus a huge island with counter seating. See floor plan and full details here.
Park Avenue Place, #PH3 (Sotheby's International Realty)
From the Listing: Be dazzled with this duplex penthouse's double-height living room with soaring 22.5' ceilings and marvel at the exquisite Murano glass chandeliers from La Murrina. Relish on the dramatic views and the light that floods through every floor-to-ceiling window. Relax on the 53' long terrace, accessible through the living room or the kitchen. 360-degree views capture the East and Hudson Rivers, Central Park, the 59th Street Bridge, and the iconic architecture of Midtown Manhattan. The gourmet eat-in kitchen features white lacquer cabinetry, absolute black granite countertops and floors, Dornbracht fixtures, Sub-Zero refrigerators, Miele appliances, built-in Miele coffee system and wine cooler. See floor plan and full details here.
The Dandy, #3FL (Compass)
From the Listing: Nestled away from the bustle of Noho is a stunning entertainer's dream loft. Spanning 4,804 square feet, this gorgeous loft boasts striking cast-iron columns, 13-foot exposed brick coved ceilings, hardwood floors, and the ultimate luxury - an abundance of space. The sprawling open floor plan unfolds to the massive 36-ft x 45-ft Great Room, where 5 oversized east-facing arched windows illuminate the room. Wide-planked mahogany floors throughout, further enhancing the indisputably bold pre-war details. With top-of-the-line appliances and a center island, the beautifully designed kitchen is complemented by a 1,000-bottle temperature-controlled wine cellar and an opposite-facing wet bar. See floor plan and full details here.
40 East 66th Street, #9B (Sotheby's International Realty)
From the Listing: Residence #9B is a gracious and perfectly proportioned corner classic seven in one of the Upper East Side's only Rosario Candela-designed condominiums. The apartment has been completely upgraded and is in pristine condition throughout with refined appointments and many conveniences, including a custom controlled Audio/TV/Internet Savant system. Additional apartment amenities include a wood-burning fireplace, lavish bathrooms, a windowed eat-in kitchen which has been outfitted with new commercial quality appliances, a separate butler's pantry, and staff quarters. The sun-filled west-facing living areas flow perfectly for family living and formal entertaining. See floor plan and full details here.
3 Lincoln Center, #39CDE (Brown Harris Stevens)
From the Listing: Mesmerizing city and Central Park views are everywhere from this corner 39th floor, stunning, approximately 2,600-square-foot home! Just completed with the most gorgeous, tasteful renovation, this three-bedroom plus library and office, three and one half bathroom home is beyond special. The open living and dining room command incredible views of Central Park, the Reservoir, the Hudson River and the skyline from a wall of windows facing north and east. The very large, partially open new kitchen boasts huge views, a professional grade six burner BlueStar stove and Sub-Zero refrigerator, plus cerused oak grey cabinets with ample work space on beautiful stone counters. Every space and surface of this home is new, and there is custom millwork throughout. See floor plan and full details here.
279 Central Park West, #PH21 (Brown Harris Stevens)
From the Listing: This spectacular three-bedroom plus den penthouse has breathtaking panoramic Central Park and New York City skyline views, and offers the best of New York City living. The direct elevator entry opens to the exquisite floor-through home with floor-to -ceiling windows showcasing the 550-square-foot planted wrap-around terrace and jaw-dropping views over the Reservoir. Beautifully renovated by Reger Designs, the apartment boosts an incredible flow that is conducive to a comfortable lifestyle. The dramatic living room is perfect for entertaining or just relaxing and taking in the views from any angle. See floor plan and full details here.
1020 Fifth Avenue, #9FL (Brown Harris Stevens)
From the Listing: Classic elegance and a sense of grandeur characterize this exceptional nine room apartment which is located in a prime Fifth Avenue building. A private elevator vestibule opens to a gracious entry foyer ornamented with handsome moldings. The 30-foot living room is on a corner facing the Metropolitan Museum and down Fifth Avenue toward the Central Park South skyline. It is warmed by a very attractive woodburning fireplace. The gracious formal dining room has open exposures to the north and east with views to Central Park and the Reservoir. The library with its generous proportions, abundant bookcases and wet bar is a perfect space for reading alone or for entertaining a small gathering. See floor plan and full details here.
1025 Fifth Avenue, #PHAN (Douglas Elliman)
From the Listing: Sweeping. magical views abound from this Fifth Avenue penthouse jewel with two wood-burning fireplaces and a magnificent terrace with breathtaking north, south, and west panoramic views. Create your new home in this expansive 3-bedroom, home office, and 3-bath apartment atop one of Fifth Avenue's premier coops. Enter into a double-wide living room, which is perfect for entertaining with the first fireplace, and get greeted by views of the Metropolitan Museum of Art and Central Park through floor-to-ceiling windows and from the wraparound terrace. The terrace, which wraps around the entire home, offers north, south, and west views with beautiful sunsets. See floor plan and full details here.
38 West 11th Street, #TWNHSE (Douglas Elliman)
From the Listing: Rarely does a property of this distinction and unique footprint come to market. Here is the opportunity to create a home of extraordinary proportions incorporating two distinct buildings situated on the most sought-after street in Greenwich Village, often referred to as the "Gold Coast." The main townhouse is an elegant, well-preserved classic row house. The rear garden and additional guest house are unexpectedly surrounded by lush greenery offering a green oasis in the center of the Village. As a Greek revival townhouse, the proportions are graceful and elegant, retaining architectural details of the 19th century such as high ceilings, fireplaces, parquet floors, original moldings, and pocket doors. Now divided into four apartments, it can easily be converted back to its grand original configuration as a distinguished single-family home. 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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