The Police Building via Douglas Elliman
The following apartments are living proof that in the New York real estate market, a price cut does not equal a red flag: All of them boast enviable locations, eye-catching architecture, panoramic views, excellent layouts...and prices reflective of that. The market is improving, but not enough to compensate for oversupply and prices that may have been too high from the get-go. These listings have the largest price cuts to come in since April 15, 2018.
In this article:
All images of 18 Gramercy Park South via Nest Seekers
Living room
Dining room
Bedroom
This full-floor maisonette with a key to Gramercy Park offers an exquisite level of craftsmanship, design, quality materials, gracious living, and a prestigious address. A custom curved staircase designed by Frank Bostelmann leads to both beautiful levels. The apartment came on the market last October and has had four incremental price cuts, including one of -3.4% on April 20, bringing it below $10 million. Read more.
All images of Pierhouse at Brooklyn Bridge Park via Toll Brothers City Living
Kitchen
Master bedroom
Master bath
At Pierhouse, townhome-style condominiums offer unobstructed New York Harbor and Manhattan views and world-class amenities beautifully wrapped in the landscaped waterfront of Brooklyn Bridge Park. Only the finest materials and finishes have been used throughout this expansive corner unit. It went on the market in late June 2017 and has had four incremental price cuts, including one of -7.3% on April 21 that brought the price down to $6.95 million. Read more.
All images of Soho Mews via Compass
Living room
Kitchen
Master bedroom
Set in a design-lover's paradise, this magnificent single-floor penthouse features wrap-around terrace designed by Piet Oudolf of High Line fame, planted to perfection, and overlooking stunning Soho and downtown views. Inside, large windows on all sides flood this home with natural light all day. It was originally listed in March 2016 and had five incremental price cuts, including one on April 17 of -9%, bringing the price down to $10 million.
Read more.
All images of Museum Tower via Brown Harris Stevens
Dining room
Master bedroom
Terrace
This impressive penthouse occupies the northern side of the 51st and 52nd floors - two floors of gracious living space - with spectacular views of Central Park, the Hudson River, George Washington Bridge, and/or Midtown from every room.
The apartment was originally listed last October and has had two incremental price cuts, including one of -21.5% on May 2 that brought the price down to $10.95 million. Read more.
All images of The Yorkgate via Corcoran
Dining room
Kitchen
Bedroom
Comprised of a full floor with breathtaking views of the East River as a backdrop to its entire eastern exposure, the living spaces within this Upper East Side home flow as easily and gently as the river it abuts. An abundance of light pours in from the four different exposures the home possesses, making its already well-apportioned living spaces come to life. The apartment came on the market in October 2017 and has had four incremental price cuts, including one of -7.4% on April 26, bringing the price down to $9.95 million. Read more.
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All images of 137 Franklin Street via The Modlin Group
Kitchen
Bedroom
Upon entering this mint duplex home from a private elevator onto the fourth floor, one is greeted with beautiful sun-flooded oversized casement windows overlooking charming tree lined Franklin and Varick Streets. The corner living room is surrounded by windows and complete with a gas fireplace. The listing came on the market last May and has had four incremental price cuts, including one of -9.2% on May 8 that brought the price below $5 million. Read more.
All images of 840 Park Avenue via Sotheby's
Kitchen
Library
Bedroom
Apartment 11A, a sunlit corner co-op, was formerly owned by acclaimed interior designer Dorothy Draper and has a wonderful layout for entertaining and living. Sunlight and Park Avenue views pour into the glamorous living room, library, and formal dining room through dramatic, original full-length French windows with imported brass hardware. The apartment was listed last October and has had two incremental price cuts, including one of -14.7% on May 11 that brought the price down to $3.75 million. Read more.
All images of The Police Building via Douglas Elliman
Dining room
Library
Master bedroom
Architecturally magnificent and visually stunning, the former gymnasium of the New York Police Department headquarters was transformed into a stunning, contemporary, one-of-a-kind residence by the famed architect Charles Gwathmey. The home, comprised of the fifth and sixth floors, seamlessly integrates contemporary aesthetics with modern conveniences all while preserving the integrity of this historical treasure. It came on the market last May and has had two incremental price cuts, including one of -10% on May 7, bringing it down to $13.95 million. Read more.
All images of 55 North Moore Street via Nest Seekers
Kitchen
Den
Bedroom
This gorgeous, gut-renovated Tribeca loft with a slew of high-end accents and finishes is a study in industrial chic. Features include original exposed wood ceilings, beautiful brick walls, steel columns, and a distinct skylight composed of frosted glass blocks. It came on the market in July 2016 and has had three incremental price cuts, including one of -8% on April 16, bringing the price below $5 million. Read more.
All images of 500 Park Tower via Corcoran
Dining room
Library
Bedroom
With 360-degree panoramic views of the iconic Manhattan skyline and Central Park, every room in this stunning, full-floor condo has the most sought-after views of New York. The home encompasses the entire 37th floor for the ultimate in private living and luxury life. The listing came on the market last April and has had a price cut of -21.6%, bringing the price down to $10.9 million. Read more.
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?
Content Specialist
Michelle Mazzarella
Michelle is a contributing writer and editor for real estate news in New York City
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