The Hampshire House, #29WEST (Douglas Elliman)
At the beginning of the week, The Wall Street Journal announced that the Pinnacle Penthouse occupying the top floors of The Woolworth Tower Residences had sold to Masterworks executive and art collector Scott Lynn for $30,000,000. While the transaction will likely rank among the top sales to take place this week, it nevertheless represents an $80 million reduction, or 72.7% off the original asking price of $110 million when it hit the market in fall 2017.
Developer Alchemy Properties noted that the penthouse was being sold as white box space, no two buyers appeared to have the same vision for it, and millions of dollars in customizations will go into renovating the penthouse. It does not help that sales of condos at The Woolworth Tower Residences took place amidst a wildly fluctuating real estate market, including but not limited to the introduction of New York's mansion tax and a global pandemic that temporarily deterred local and international buyers alike.
From August 2-8, 2023, a total of 192 sales listings throughout New York City experienced price reductions. A selection of notable discounts, though none quite so deep as the Pinnacle Penthouse, may be seen below. Please be advised that all figures reflect cumulative price ducts as opposed to the most recent reductions.
Developer Alchemy Properties noted that the penthouse was being sold as white box space, no two buyers appeared to have the same vision for it, and millions of dollars in customizations will go into renovating the penthouse. It does not help that sales of condos at The Woolworth Tower Residences took place amidst a wildly fluctuating real estate market, including but not limited to the introduction of New York's mansion tax and a global pandemic that temporarily deterred local and international buyers alike.
From August 2-8, 2023, a total of 192 sales listings throughout New York City experienced price reductions. A selection of notable discounts, though none quite so deep as the Pinnacle Penthouse, may be seen below. Please be advised that all figures reflect cumulative price ducts as opposed to the most recent reductions.
In this article:
302 West 86th Street, #PH (Douglas Elliman)
From the Listing: Enjoy a 1,500-square-foot private terrace which wraps around the apartment that offers views of the Hudson River to the west and the beautiful majestic downtown city skyline to the south. Large windows facing south offer lots of nature light in this two-bedroom, two-bath home. Building amenities include a 24-hour attended lobby, live-in super, storage, laundry, and a exercise room. See floor plan and full details here.
1st & First, #1N (Compass)
From the Listing: The entire duplex has been renovated to perfection. Upon entering the massive great room, you will discover with delight the open, and sun-drenched spaces with floor to ceiling windows leading to the massive private garden. The renovated chef’s kitchen features a Wolf gas stove top and oven, Bosch dishwasher, Wolf Microwave, Sub-Zero refrigerator, and Sub-Zero refrigerated drawers. The dramatic staircase leads to the serene bedroom floor, where both bedrooms share access to a large balcony overlooking the garden. See floor plan and full details here.
435 East 57th Street, #11C (Brown Harris Stevens)
From the Listing: Pass through the entry door and you’ll be struck by the extra-large living room well balanced with a wonderful beamed ceiling. Your new sophisticated open kitchen, lit by high hats, is replete with all stainless steel appliances including Bosch refrigerator, microwave, dishwasher, and oven, double sink, slate floor and more. Both bedrooms have walk-in closets, and a windowed marble bath serves both bedrooms. See floor plan and full details here.
The Boulevard, #PH8 (Douglas Elliman)
From the Listing: The main level of Penthouse 8 hosts an oversized living room with custom designed ceiling coves accented by LED linear lighting with direct access to your own 245-square-foot private terrace. Opposite the living room is a dining area, powder room and open kitchen with custom cabinetry and high-end appliances. A breathtaking floating spiral staircase brings you to the upper level that hosts the two bedrooms, each with custom closets as well as ensuite bathrooms with marble finishes and high end hardware throughout. See floor plan and full details here.
927 Fifth Avenue, #9FL (Brown Harris Stevens)
From the Listing: This spectacular prewar apartment has 55 feet fronting Central Park and features soaring 10’6" foot ceilings, original herringbone flooring, and impressive original plaster moldings throughout. Sunlight streams in through 27 oversized windows spanning all four exposures. The impressive northwest corner 33’ x 18’6" living room has a wood-burning fireplace and charming views of the sailboats in the Central Park Conservatory pond. Also located off the gallery and living room is the wood-paneled north-facing library complete with a wood-burning fireplace and custom built-ins. The grand formal dining room is ideally located off both the living room and gallery for seamless entertaining; this room enjoys three exposures - south, east, and west capturing the Central Park South skyline, townhouse views and direct Park exposure. See floor plan and full details here.
The Hampshire House, #29WEST (Douglas Elliman)
From the Listing: Currently two apartments owned by the same sellers, the north, or Park side, had been renovated and is move in-ready. The south side and common areas are stripped to the concrete. This half-floor home will be a most stunning combination into a magnificent two to three bedroom, six room home with gracious entertaining spaces and flow and all with the life of the park as a glorious carpet before you. See floor plan and full details here.
The Four Seasons Private Residences, #60C (The Corcoran Group)
From the Listing: As you enter this high-floor residence, you are welcomed through an elegant foyer that leads to the living/dining room with three impressive windows with south and east exposures and stunning city views, including the Freedom Tower and the Oculus, and river views. The primary bedroom also enjoys dual exposure - with both city and river views - and features a richly appointed en-suite marble bathroom with a soaking tub, stall shower and heated floors, and two large walk-in closets. The kitchen showcases custom-designed cabinetry by Bilotta, Colorado White marble countertops and backsplashes and state-of-the-art appliances by Gaggenau. See floor plan and full details here.
One Brooklyn Bridge Park, #818 (Compass)
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From the Listing: This spacious north/east corner home features a chef’s kitchen with custom Italian cabinetry from DADA, Bosch appliance package, and Asko washer/dryer. The five-fixture primary bath has a Duravit soaking tub and a separate glass enclosed shower. This architecturally designed unit has custom built-in shelving and storage including a library with custom ladder to access the amazing 13’ ceiling heights. Additionally, every closet in the home has been custom built and designed by New York Closet Co. See floor plan and full details here.
141 West 26th Street, #2FL (Compass)
From the Listing: Love where you live in this sanctuary located in vibrant eastern Chelsea, recently featured in Architectural Digest! Throughout, the apartment has indestructible and maintenance-free porcelain floor tiles. The open kitchen is masterfully laid out with an expansive island. The main bedroom opens out to the terrace, has a spacious walk-in closet, and the enormous ensuite bathroom includes a vanity made with a volcanic ash/resin compound, an over-sized shower, a separate tub and heated towel racks. The spacious private terrace includes a snow-melting device under the terrace tiles and efficient drainage. See floor plan and full details here.
The Savoy, #25CD (Douglas Elliman)
From the Listing: Perched on the 25th floor at The Savoy, this condo literally towers above the city skyline allowing you to gaze out at everything from the tallest skyscrapers. Walk straight out from the open living space onto a large balcony which faces west, south, and north. Floor-to-ceiling windows make this apartment feel like a penthouse, and the primary suite faces south and west. See floor plan and full details here.
The Brompton, #9Q (Compass)
From the Listing: Step inside 9Q, a stunning alcove studio, and prepare to be amazed by its impeccable design and exquisite features. As you enter the apartment, you are greeted by 9.5-foot ceilings, natural sunlight from oversized windows and elegant herringbone floors. The thoughtfully designed layout provides ample space for both living and sleeping areas, offering a sense of privacy and functionality. Prepare to be wowed by the chef’s kitchen, equipped with top-of-the-line Viking, Sub-Zero, and Miele appliances. There is a spacious marble bath and multiple closets throughout. A washer and dryer is located within the unit. See floor plan and full details here.
37 East 67th Street, #1AB (Douglas Elliman)
From the Listing: Located on a prestigious block between Madison and Park Avenues, this enormous space includes a gourmet chef’s eat-in kitchen. In addition, two fully renovated bathrooms one with a soaking tub, plus separate laundry room. This home combines residential tranquility with easy access to shops, services, restaurants and nightlife. See floor plan and full details here.
Sheffield 57, #15R1 (Douglas Elliman)
From the Listing: This exceptional residence showcases 11-foot high ceilings, East-facing windows, and luxurious finishes throughout. With two bedrooms and two bathrooms, spanning nearly 1,200 square feet you’ll find a grand entry hallway with a coat closet and the coveted washer-dryer. The contemporary living room seamlessly blends with a sleek open kitchen equipped with top-of-the-line Bosch, Sub-Zero, and Miele appliances, alongside stunning Calacatta marble countertops. Enjoy the east-facing sunrise and picturesque views of your private terrace, where you can indulge in gardening, entertaining, and barbecues. See floor plan and full details here.
Manhattan Valley Townhouses, #4A (The Corcoran Group)
From the Listing: This condo features a massive living room, large primary suite, washer/dryer, two more bedrooms, another bathroom, your own balcony to enjoy coffee or cocktails, big windows, lots of light, and tons of storage throughout. Amenities include a newly renovated community room for parties with a kitchen and film screening capacity, storage lockers, and bike room. See floor plan and full details here.
Bristol Plaza, #28N (Brown Harris Stevens)
From the Listing: Perched on the 28th floor on the renowned Bristol, this spacious, sprawling home offers every coveted feature necessary for gracious and luxurious Manhattan living. The large entry gallery, with adjacent bar and powder room, serves as the central hub to the grand entertaining and living spaces. The grand living room has views north and west from floor-to-ceiling corner bay windows. The eat-in kitchen with top stainless appliances, large windows, a center island and extensive counter space and storage. This spectacular home has just been updated by a noted designer and freshly painted in soothing neutral tones. See floor plan and full details here.
151 East 83rd Street, #6B (Douglas Elliman)
From the Listing: Welcome home to this gracious apartment on a lovely tree-lined block located in the heart of the Upper East Side. The charming entrance leads to a warm and spacious living room enhanced with moldings, handsome hardwood floors, bookshelves, and a large wood-burning fireplace. The bedroom is drenched with sunlight from south and east exposures and has splendid southern views. The bright, windowed kitchen is renovated and can easily be opened and expanded. 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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