When a New York City apartment experiences a price cut, there is generally not one factor at fault. In some cases, a listing might be reduced to compensate for not having the amenities a modern buyer has come to expect. Sometimes it was priced too high in the first place and must be brought further in line with market realities. And as even the New York Post recently had to admit, sometimes the Drumpf effect is in effect. Either way, the price cut has the effect of alerting new would-be buyers to the listings and attracting further attention.
In the past week, 449 listings had their prices reduced. The following are now below $1 million and located in some of Manhattan and Brooklyn's most attention-grabbing neighborhoods. Please note that all listings show cumulative reductions rather than the most recent price cut.
In the past week, 449 listings had their prices reduced. The following are now below $1 million and located in some of Manhattan and Brooklyn's most attention-grabbing neighborhoods. Please note that all listings show cumulative reductions rather than the most recent price cut.
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Improvements to this prewar home in the heart of the Upper West Side include redone hardwood floors, stainless steel appliances and sleek countertops in the kitchen, and a new marble bath with radiant heat and a soaking tub. However, its beamed ceilings, panel doors, and original hardware could not possibly be improved upon. The bedroom is well laid out for privacy and filled with light from double exposures. See floor plan and full details here.
-12.7% | -$110K
419 East 57th Street, #14E | $759,000
Co-op | 1 bed, 1 bathUpon entering this grand apartment in a storied Manhattan enclave, a gracious entrance hallway leads to a dining foyer and large living room with wood-burning fireplace and incredible natural light through three oversized windows. Prewar features include high beamed ceilings, hardwood floors, and abundant closet space that includes a cedar closet. The pass-through kitchen comes outfitted with granite counters, custom cabinetry, and generous storage. See floor plan and full details here.
Newly developed boutique condominium is outfitted with recessed lighting, double-pane windows, and generous storage space. The kitchen features quartz countertops, lacquer cabinetry, and stainless steel appliances. A 25-year 421a tax abatement is in effect, and the building is less than one block to the transportation options of Broadway Junction. See floor plan and full details here.
Newly renovated loft on the Upper West Side boasts brick wood-burning fireplace, 9' ceilings, ceiling fans, and through the wall air conditioners in every room. The open kitchen features dark wood cabinetry, stainless steel appliances, and a breakfast bar counter. The building is beautifully situated between Central Park and Riverside Park, and Broadway's shopping and dining are half a block away. See floor plan and full details here.
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Pristine Upper West Side apartment boasts high ceilings, central air conditioning, cherry wood floors, stacked washer/dryer, and renovated pass-through kitchen. A wall of picture windows fills the living room with light, and a glass door opens to a large private balcony. Doorman building amenities include 15,000-square-foot fitness center, two indoor pools, screening room, children's playroom, bike room, and on-site parking garage. See floor plan and full details here.
-16.3% | -$155K
345 East 56th Street, #9D | $795,000
Co-op | 2 beds, 1 bathHigh-floor home in Sutton Place is flooded with natural light from oversized windows and eastern exposures. Additional features include hardwood floors, updated bath, a wall of closets in the master bedroom, and a well-sized second bedroom. The kitchen has been beautifully renovated with granite countertops and new cabinetry. See floor plan and full details here.
Boutique condominium in the heart of Hell's Kitchen looks out on garden views and skyline vistas alike from the open living room. The kitchen is outfitted with Sub-Zero appliances, dark wood cabinetry, and white countertops. A custom wall-to-wall built-in closet is the bedroom's piece de resistance. See floor plan and full details here.
Classic prewar apartment in a prime downtown location boasts high ceilings, double-hung windows, recently refinished oak flooring, and northern and western exposures. The bedroom looks out on views of the Empire State Building and is large enough to accommodate a queen-sized bed. The High Line, the Whitney, Chelsea Market, and extensive public transportation options are a short walk from the building. See floor plan and full details here.
-26.7% | -$200K
1815 Foster Avenue, #2A | $550,000
Co-op | 2 beds, 1 bathBeautifully renovated apartment on a tree-lined Brooklyn street boasts incredible natural light, high ceilings, coved archways, original hardwood floors, and generous closet space. The renovated kitchen is outfitted with stainless steel appliances, under-cabinet lighting, and abundant counter space and cabinetry. A flexible-use room with built-in shelving and its own closet can be used as a second bedroom, home office, nursery, or whatever the buyer can dream up. See floor plan and full details here.
A keyed elevator opens directly into this south-facing apartment where the kitchen, living room, and private balcony serenely flow together. The kitchen comes outfitted with Caesarstone countertops and full-sized appliances. The Second Avenue subway's extension will be nearby, and the building is already near transportation, shopping, and dining. 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?