(Steven Mnuchin via Wiki Commons; 740 Park Avenue via Warburg Realty)
As the past week shows, even the wealthiest owners and most prestigious buildings are not immune from the real estate market's ups and downs. Of the 579 listings throughout New York that recently experienced price reductions, some were in landmarked buildings and high-end addresses that many would assume would have no trouble finding buyers. And one of them belongs to U.S. Treasury Secretary Steven Mnuchin, who originally listed his home in "tower of power" 740 Park Avenue about a year ago. Please be advised that all price cuts are cumulative and not reflective of the most recent reductions.
In this article:
All images of 740 Park Avenue via Warburg Realty
Foyer
Master bedroom
Spectacular duplex in a Rosario Candela-designed cooperative has been meticulously renovated to combine rich prewar details with modern luxuries and comforts. A stunning gallery with soaring ceilings and marble floors leads to the grand-scaled entertaining rooms, which have wood-burning fireplaces and pretty Park Avenue frontage. A sweeping curved staircase leads to the bedrooms, including a spectacular master suite with wood-burning fireplace, study, dressing room, walk-in closets, and pair of marble baths. See floor plan and full details here.
-16.7% | -$400K
983 Park Avenue, #3D | $1,995,000
Co-op | 2 beds, 3 baths
All images of 983 Park Avenue via VHT/The Corcoran Group
Formal dining room
Bedroom
Classic six in a classic Upper East Side building is rich in prewar details like 10' beamed ceilings, herringbone wood floors, and classic layout with large rooms and abundant natural light. A gracious entry gallery leads to a side-by-side living and dining room complete with decorative fireplace. Both bedrooms enjoy eastern exposures, generous closet space, and en suite baths. See floor plan and full details here.
All images of Walker Tower via Compass
Kitchen
Bedroom
Dramatic duplex in a building designed by Ralph Walker is resplendent in natural light, bespoke details, and spectacular views of the Empire State Building, and city skyline. The main-level Great Room boasts 12' ceilings, built-in entertainment system, custom millwork, ventless fireplace, and access to a large private terrace. The custom kitchen offers an Art Deco ceiling, large marble island, top-of-the-line appliances, and enormous butler's pantry. See floor plan and full details here.
All images of The Temple Court via Douglas Elliman
Formal dining room
Bedroom
Premium classic six in a J.E.R. Carpenter-designed cooperative features high beamed ceilings and herringbone floors throughout, not to mention a gracious gallery leading to a large living room with wood-burning fireplace. On the other side of the gallery, a formal dining room with bay windows makes a gorgeous entertaining space. Additional features include a kitchen with breakfast bar, a luxe master suite, and a second bedroom currently being used as a library. See floor plan and full details here.
All images of The Dakota via Brown Harris Stevens
Foyer
Kitchen
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Spacious, sun-splashed apartment in an iconic Upper West Side building boasts 12' ceilings, spectacular Central Park views, original moldings, and abundant historic details. The elegant entry foyer leads to all entertaining rooms, which include a northeast-facing corner living room where the wood-burning fireplace has its original mantelpiece. Down the hall, the windowed kitchen faces south and has been recently renovated. See floor plan and full details here.
All images of Hotel des Artistes via Douglas Elliman
Kitchen
Bedroom
While this dramatic duplex in a New York City landmark has been totally renovated, it was not at the expense of its grand proportions, 18' ceilings, or other prewar details. Just off the loft-like living room and dining area, a large chef's kitchen is outfitted with a large breakfast bar and high-end appliances. Upstairs, the master suite has stained glass windows overlooking the living room, generous closet space, and spa-like bath. See floor plan and full details here.
-24.2% | -$3.2M
898 Park Avenue, #PH | $10,000,000
Co-op | 7 beds, 7 baths
All images of 898 Park Avenue via Douglas Elliman
Kitchen
Private terrace
Triplex penthouse is situated in a prestigious Park Avenue building, but a masterful gut renovation has transformed it into a luxurious loft with high ceilings, large windows, and wide oak plank floors that wouldn't be out of place much further downtown. The chef's kitchen is handsomely outfitted with high-end finishes and appliances, and the full-floor master suite enjoys sweeping views through wall-to-wall arched windows. A lushly planted private terrace offers integrated irrigation system, atmospheric lighting, and built-in banquette. See floor plan and full details here.
All images of 220 Riverside Boulevard via BLU Realty Group
Kitchen
Bedroom
Corner condo in a prime Upper West Side location is flooded with natural light from southern and western exposures. Features include an oversized living area with custom built-ins and an open kitchen with breakfast bar and trompe l'oeil wall. The master suite includes two walk-in closets, custom built-in storage, and luxe bath. See floor plan and full details here.
-27.8% | -$1.35M
860 Fifth Avenue, #9H | $3,500,000
Co-op | 2 beds, 3 baths
All images of 860 Fifth Avenue via Brown Harris Stevens
Living room
Kitchen
High-floor home at a fantastic Fifth Avenue address faces Central Park from both the large windows and the private balcony. A grand entry gallery leads to the large living room and formal dining room. The master suite enjoys Central Park views as well, not to mention several built-in closets and a marble bath. See floor plan and full details here.
All images of Bryant Park Tower via Douglas Elliman
Dining area
Kitchen
High-floor home directly adjacent to Bryant Park faces south and enjoys incredible natural light and views of the Empire State Building. The kitchen features top-of-the-line appliances, white marble countertops, and abundant white oak cabinetry. Broadway theaters, Times Square, world-class restaurants, high-end shopping, Whole Foods, and several transportation options are a short walk from the building. 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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