Price Cuts from $155K: Fifteen penthouse gets 16% haircut; Flurry of discounts in the Financial District

By CityRealty Staff | From Future New York Wednesday, September 17, 2025

Fifteen, #PH (Compass) | https://cityrealty.com/n/I2722785

From September 9-15, 2025, about 400 sales listings experienced price reductions. These included several listings in the Financial District, which has been hailed as an office-to-residence success story. Indeed, the office conversions were instrumental in the Financial District's evolution from a business district to a 24/7 live-work-play area, and the area has seen an influx of new construction condos; CityRealty data shows an average condo price of $1,455 per square foot for the neighborhood. But between office-to-residence conversions and soaring new towers all over the city, it is up against stiff competition.

-6.7% | -$500,000

50 West, #37C
$6,950,000

Financial District | Condominium | 4 Bedrooms, 4 Baths | 2,669 ft²

50 West, #37C (Compass)

From the Listing: Perched high above the pulse of downtown Manhattan, this extraordinary 2,669-square-foot residence offers an inspiring blend of modern luxury, custom craftsmanship, and cinematic views stretching across New York Harbor, with the Statue of Liberty standing proud, and the Hudson River. Nestled within one of the city’s most iconic 64-story glass towers, this 4-bedroom, 4-bathroom home is a true urban sanctuary in the sky. See floor plan and full details here.

Additionally, on the Upper East Side, diplomat/financier Willard D. Straight and his wife, philanthropist Dorothy Payne Whitney, had 162 East 92nd Street built as a garage in 1915 (h/t Landmarks Preservation Commission). It was designed by Delano & Aldrich, the architects of their Fifth Avenue mansion, and was later converted to a single-family mansion itself. 162 East 92nd Street was listed for $19.5 million in April 2025, and the latest price reduction brings it down to $15 million. If it sells for this price, the seller will take a loss, having bought it for $15.4 million in August 2011 (per public records).

-21.8% | -$4,250,000

162 East 92nd Street, #TH
$15,000,000

Carnegie Hill | Townhouse | 5 Bedrooms, 6+ Baths | 10,000 ft²

162 East 92nd Street, #TH (Modlin Group LLC)

From the Listing: Perfectly balancing historic charm with modern luxury, this stunning 25’ wide, six-story townhouse sprawls approximately 10,000 square feet, with five bedrooms and six and a half bathrooms. This spectacular residence offers grand scale rooms, timeless fixtures and finishes and a highly sought-after private curb cut. Entering the home, you are ushered into a spacious foyer framed by beautifully restored carriage house doors. See floor plan and full details here.

A selection of notable listings, as well as a full list of last week's price cuts, may be seen below. Please be advised that all quoted figures reflect cumulative price cuts as opposed to the most recent reductions.

Recently reduced listings

-16.6% | -$2,495,000

Fifteen, #PH
$12,500,000

Central Park West | Condominium | 5 Bedrooms, 4.5 Baths | 4,380 ft²

Fifteen, #PH (Compass)

From the Listing: Spanning the top two floors of 15 West 96th Street, this extraordinary 4,380-square-foot penthouse is the only five-bedroom residence in the building, offering 360-degree exposures and breathtaking, unobstructed Central Park views. A private elevator landing and entry foyer lead to an expansive living and dining area, where oversized casement windows flood the space with natural light, accentuating the 5 ¼-inch white oak herringbone flooring throughout. See floor plan and full details here.

-9.6% | -$955,000

The Spears Building, #3AF
$8,995,000

Chelsea | Condominium | 5 Bedrooms, 4 Baths | 5,971 ft²

The Spears Building, #3AF (Sothebys International Realty)

From the Listing: A true one-of-a-kind offering in the heart of the West Chelsea Arts District, Residence 3AF at the iconic pre-war condominium Spears Building is a sprawling almost 6,000+/-square-foot loft that seamlessly blends historic character with modern luxury. Created through the meticulous combination of two expansive units, this rare residence offers dramatic scale, flexible living and working spaces, and authentic architectural detail throughout. See floor plan and full details here.

-10.6% | -$625,000

St. James Tower, #25GG
$5,250,000

Beekman/Sutton Place | Condominium | 4 Bedrooms, 3.5 Baths | 3,900 ft²

St. James Tower, #25GG (Douglas Elliman Real Estate)

From the Listing: This expansive duplex in the prestigious St. James Tower, located in the heart of Sutton Place, spans the 25th and 26th floors and is connected by a striking curved staircase. Offering 4 bedrooms, 3 full bathrooms, and 2 powder rooms, this residence combines luxurious features with an impeccable design, creating the feel of a modern country home in the sky. See floor plan and full details here.

-21.6% | -$1,075,000

455 Central Park West, #L11
$3,900,000

Central Park West | Condominium | 4 Bedrooms, 4 Baths | 4,146 ft²

455 Central Park West, #L11 (Compass)

From the Listing: Discover the epitome of luxury living at this extraordinary Central Park West residence, where timeless elegance meets one-of-a-kind architectural beauty. Upon entering, be captivated by a grand, circular living room, an architectural marvel with soaring 12-foot ceilings and stretching an impressive 36 feet in diameter. Encircled by oversized windows, this room offers enchanting views of Central Park and the surrounding treetops.

This property is being offered via luxury private auction. Submit offers now through October 23. See floor plan and full details here.

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-12% | -$476,000

The Centrale, #53
$3,499,000

Midtown East | Condominium | 2 Bedrooms, 2.5 Baths | 1,636 ft²

The Centrale, #53 (Douglas Elliman Real Estate)

From the Listing: This is the best-priced two-bedroom condo offering in its class - perched on the 53rd floor with postcard-worthy views stretching north, west, and south through dramatic floor-to-ceiling windows. Step into an airy, open-concept living and dining space featuring wide-plank white oak flooring and a custom chef's kitchen with honed Capri marble countertops, matching backsplash, and a waterfall island with seating. On-site valet parking space included in sale. See floor plan and full details here.

-13.5% | -$500,000

The Laurel, #3CD
$3,195,000

Lenox Hill | Condominium | 4 Bedrooms, 4 Baths | 2,196 ft²

The Laurel, #3CD (Compass)

From the Listing: Move right into this renovated home with 4 bedrooms, 4 bathrooms, plus a den/office. Upon your arrival, this gracious, unique, and seamlessly combined home, spanning approximately 2,200 square feet, will immediately impress you with its floor-to-ceiling windows, custom lighting, and wall coverings, with high-end finishes and an integrated audio system throughout. Central AC, electronically controlled shades, custom cabinetry, and storage included. See floor plan and full details here.

-7.8% | -$255,000

75 Wall Street, #21NO
$2,995,000

Financial District | Condominium | 3 Bedrooms, 3 Baths | 2,279 ft²

75 Wall Street, #21NO (Sothebys International Realty)

From the Listing: A brilliant combination of one and two-bedroom layouts has been tastefully reimagined to create this exceptionally spacious three-bedroom corner residence in one of Downtown’s premier condominiums. Thoughtfully designed for both comfortable family living and grand-scale entertaining, the gracious floor plan features two expansive living areas that provide incredible flexibility. See floor plan and full details here.

-10.2% | -$305,000

377 West 11th Street, #3G
$2,695,000

West Village | Cooperative | 2 Bedrooms, 1.5 Baths

377 West 11th Street, #3G (Compass)

From the Listing: Rarely available duplex loft with 15-foot ceilings and massive windows showcasing spectacular Hudson River views in the heart of the West Village. A long entrance gallery leads to a dramatic great room with soaring 15-foot ceilings, exposed brick walls, a wood-burning fireplace, radiant heated hardwood floors, and an open kitchen + unobstructed Hudson River and sunset views from a wall of enormous factory-style windows. Adorned in marble, the open eat-in kitchen is equipped with top-of-the-line appliances. See floor plan and full details here.

-9.1% | -$250,000

The John Murray House, #14/15O
$2,500,000

Murray Hill | Cooperative | 2 Bedrooms, 2.5 Baths

The John Murray House, #14/15O (Compass)

From the Listing: Duplex #14/15O is a designer finished, meticulously renovated home that is rare in the marketplace today. The home lies over two levels, and has two bedrooms with two and a half bathrooms, in addition to a very gracious private terrace off of the living floor. Enter into the home to a large foyer and sculptural staircase, reminiscent of some of New York's most enchanting prewar apartments. See floor plan and full details here.

-11.4% | -$296,000

The Westerley, #6
$2,299,000

Midtown West | Condominium | 2 Bedrooms, 2 Baths | 1,383 ft²

The Westerley, #6 (Corcoran Group)

From the Listing: An incredible hidden gem! Discover modern luxury in this stunning full-floor apartment at 441 West 37th Street #6. Nestled in one of the city's most sought-after neighborhoods, this newly constructed residence offers a perfect blend of sophistication and affordability. Step into your private sanctuary via a keyed elevator that opens directly into the apartment, ensuring both privacy and convenience. See floor plan and full details here.

-13.1% | -$300,000

The Grand Manhattan, #PH
$1,995,000

Greenpoint | Condominium | 3 Bedrooms, 2 Baths | 1,258 ft²

The Grand Manhattan, #PH (Nest Seekers LLC)

From the Listing: Perched atop The Grand Manhattan, this stunning penthouse residence is the pinnacle of luxury living, offering an unparalleled combination of modern sophistication and breathtaking city views. Located at 390 Manhattan Avenue, this three-bedroom, two-bathroom home features an expansive private roof deck, creating an exclusive oasis in the heart of Greenpoint. Step off the private key-access elevator into an expansive, light-filled living space, where oversized windows and soaring ceilings flood the home with natural light. See floor plan and full details here.

-20% | -$500,000

One Museum Mile, #10B
$1,995,000

East Harlem | Condominium | 2 Bedrooms, 2 Baths | 1,480 ft²

One Museum Mile, #10B (Level Group Inc)

From the Listing: Central Park views from every window in this stunning split two-bedroom! The apartment features an open chefs kitchen with appliances by Thermador, Miele and Bosch. There's also granite countertops and custom teak cabinetry. Both bedrooms offer amazing closet space with luxurious bathrooms that include limestone walls and a deep-soaking tub by Zuma, a glass shower stall and a Kallista double-sink with Bianco Dolomiti marble countertops See floor plan and full details here.

-12.5% | -$250,000

Gallery Apartments, #1403
$1,750,000

Park/Fifth Ave. to 79th St. | Condominium | 1 Bedroom, 1.5 Baths | 979 ft²

Gallery Apartments, #1403 (Brown Harris Stevens Residential Sales LLC)

From the Listing: Soaring ceilings, dramatic light, and a prime Upper East Side location define this unique "loft" like residence. Upon entering, a striking wall of floor-to-ceiling windows floods the first level with natural light, showcasing ceilings that rise to approximately 17 feet. The entry provides a generous coat closet and features a powder room. The kitchen with a pass-through breakfast bar flows seamlessly into the open living and dining area, creating a perfect space for both entertaining and everyday living. See floor plan and full details here.

-17.6% | -$300,000

CitySpire, #3607
$1,400,000

Midtown West | Condominium | 1 Bedroom, 1.5 Baths | 730 ft²

CitySpire, #3607 (Corcoran Group)

From the Listing: Residence 3607 is a sun-filled one-bedroom, one-and-a-half-bathroom home with open views through five expansive windows-west toward the Hudson River and Columbus Circle, and north over Carnegie Hall. The layout has been thoughtfully redesigned and fully renovated for efficiency and comfort, with modern, high-end finishes that reflect understated elegance. Every detail has been upgraded to a high standard, making the apartment truly move-in ready. See floor plan and full details here.

-8.6% | -$125,000

124 West 24th Street, #2B
$1,325,000

Chelsea | Condominium | 1 Bedroom, 2 Baths | 1,091 ft²

124 West 24th Street, #2B (UbiQ NY Ltd)

From the Listing: Discover a stunning and expansive loft apartment featuring 1 bedroom and 2 full bathrooms, located in the heart of Chelsea's dynamic neighborhood. This impressive home showcases soaring 10.5-foot ceilings, charming exposed wood beams, original columns, and four oversized casement windows with southern exposures. The generously sized living area offers flexibility to accommodate overnight guests comfortably and/or a home office. See floor plan and full details here.

-11.9% | -$175,000

The Aristocrat, #11/12A
$1,300,000

Midtown West | Cooperative | 2 Bedrooms, 2.5 Baths | 1,650 ft²

The Aristocrat, #11/12A (Douglas Elliman Real Estate)

From the Listing: With its location at the very center of Manhattan across from the Museum of Modern Art, and at the cross-roads of the entertainment, finance, and commerce worlds, this very special apartment is a rarity. A peaceful home, which feels like a house, atop the Aristocrat, a 1949 deco co-op apartment building that exudes comfort and style. A high floor duplex, there are north skyline views from each room, as well as the 26-foot terrace. See floor plan and full details here.

-13.8% | -$200,000

260 West 10th Street, #2W
$1,250,000

West Village | Cooperative | 1 Bedroom, 1 Bath

260 West 10th Street, #2W (Corcoran Group)

From the Listing: This charming home offers a serene retreat in one of New York City's most sought-after neighborhoods. As you step inside, you'll be greeted by soaring ceilings and an abundance of natural light that illuminate the expansive living area. The open-concept kitchen is both stylish and functional, perfect for culinary enthusiasts. The living room features a cozy wood-burning fireplace and exposed brick walls, adding warmth and character to the space. See floor plan and full details here.

-14.6% | -$171,000

The Adlon, #8G
$999,000

Midtown West | Cooperative | 2 Bedrooms, 1 Bath

The Adlon, #8G (Compass)

From the Listing: Built in 1912 and set in the Adlon, residence 8G is one of the finest examples of a preserved and restored Arts and Crafts-style apartment. With a large foyer, two large light-filled bedrooms, and an oversized living room and dining room, this Classic 5 features soaring ceilings, Jacobean-stained hardwood floors, intricate wainscoting, transom windows, and custom-built cabinetry and bookcases—designed with both form and function in mind. See floor plan and full details here.

-14.8% | -$155,000

The Forum, #503
$895,000

Central Park West | Condominium | 1 Bedroom, 1 Bath | 825 ft²

The Forum, #503 (Corcoran Group)

From the Listing: Soaring 11'8" beamed ceilings and oversized windows. Quiet, tree-lined street with views of neighboring architecture. Sun-filled, cheerful open floor plan with impressive scale and volume. Newly renovated modern bathroom with deep Jacuzzi tub. See floor plan and full details here.

-11.5% | -$90,000

22 Irving Place, #1A
$695,000

Gramercy Park | Cooperative | Studio, 1 Bath

22 Irving Place, #1A (Brown Harris Stevens Residential Sales LLC)

From the Listing: This rare and enchanting studio residence is highlighted by the beautifully landscaped 476-square-foot private garden, a true suburban jewel in this vibrant neighborhood, perfect for gardening, entertaining and al fresco dining under a canopy of sun and shade. The lofty layout boasts 9-foot ceilings and four oversized windows flooding the home with natural sunny light and frame serene views of your lush outdoor sanctuary, creating a bright and calming atmosphere year-round. See floor plan and full details here.

-10% | -$50,000

332 West 101st Street, #5FRONT
$449,000

Riverside Dr./West End Ave. | Cooperative | 1 Bedroom, 1 Bath

332 West 101st Street, #5FRONT (Compass)

From the Listing: This elegant one bedroom apartment offers a serene retreat on a picturesque, tree-lined block with Riverside Park at the end of the block. This apartment has a remarkably low maintenance making the transition from renting easier. Oversized windows frame leafy treetop views along tranquil 101st Street, while a well-designed layout features generous closets and no wasted square footage. See floor plan and full details here.

Would you like to tour any of these properties?

This is your member's center

-6.7% | -$500,000

50 West, #37C
$6,950,000

In this article:

-21.8% | -$4,250,000

162 East 92nd Street, #TH
$15,000,000

Recently reduced listings

-16.6% | -$2,495,000

Fifteen, #PH
$12,500,000

-9.6% | -$955,000

The Spears Building, #3AF
$8,995,000

-10.6% | -$625,000

St. James Tower, #25GG
$5,250,000

-21.6% | -$1,075,000

455 Central Park West, #L11
$3,900,000

Select which properties are of interest to you:

-12% | -$476,000

The Centrale, #53
$3,499,000

-13.5% | -$500,000

The Laurel, #3CD
$3,195,000

-7.8% | -$255,000

75 Wall Street, #21NO
$2,995,000

-10.2% | -$305,000

377 West 11th Street, #3G
$2,695,000

-9.1% | -$250,000

The John Murray House, #14/15O
$2,500,000

-11.4% | -$296,000

The Westerley, #6
$2,299,000

-13.1% | -$300,000

The Grand Manhattan, #PH
$1,995,000

-20% | -$500,000

One Museum Mile, #10B
$1,995,000

-12.5% | -$250,000

Gallery Apartments, #1403
$1,750,000

-17.6% | -$300,000

CitySpire, #3607
$1,400,000

-8.6% | -$125,000

124 West 24th Street, #2B
$1,325,000

-11.9% | -$175,000

The Aristocrat, #11/12A
$1,300,000

-13.8% | -$200,000

260 West 10th Street, #2W
$1,250,000

-14.6% | -$171,000

The Adlon, #8G
$999,000

-14.8% | -$155,000

The Forum, #503
$895,000

-11.5% | -$90,000

22 Irving Place, #1A
$695,000

-10% | -$50,000

332 West 101st Street, #5FRONT
$449,000

This is your member's center

-6.7% | -$500,000 50 West, #37C$6,950,000

In this article:

-21.8% | -$4,250,000 162 East 92nd Street, #TH$15,000,000

Recently reduced listings

-16.6% | -$2,495,000 Fifteen, #PH$12,500,000

-9.6% | -$955,000 The Spears Building, #3AF$8,995,000

-10.6% | -$625,000 St. James Tower, #25GG$5,250,000

-21.6% | -$1,075,000 455 Central Park West, #L11$3,900,000

Select which properties are of interest to you:

-12% | -$476,000 The Centrale, #53$3,499,000

-13.5% | -$500,000 The Laurel, #3CD$3,195,000

-7.8% | -$255,000 75 Wall Street, #21NO$2,995,000

-10.2% | -$305,000 377 West 11th Street, #3G$2,695,000

-9.1% | -$250,000 The John Murray House, #14/15O$2,500,000

-11.4% | -$296,000 The Westerley, #6$2,299,000

-13.1% | -$300,000 The Grand Manhattan, #PH$1,995,000

-20% | -$500,000 One Museum Mile, #10B$1,995,000

-12.5% | -$250,000 Gallery Apartments, #1403$1,750,000

-17.6% | -$300,000 CitySpire, #3607$1,400,000

-8.6% | -$125,000 124 West 24th Street, #2B$1,325,000

-11.9% | -$175,000 The Aristocrat, #11/12A$1,300,000

-13.8% | -$200,000 260 West 10th Street, #2W$1,250,000

-14.6% | -$171,000 The Adlon, #8G$999,000

-14.8% | -$155,000 The Forum, #503$895,000

-11.5% | -$90,000 22 Irving Place, #1A$695,000

-10% | -$50,000 332 West 101st Street, #5FRONT$449,000

Select which properties are of interest to you:

Listings in this article

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Insights

Company

-6.7% | -$500,000

50 West, #37C
$6,950,000

-21.8% | -$4,250,000

162 East 92nd Street, #TH
$15,000,000

-16.6% | -$2,495,000

Fifteen, #PH
$12,500,000

-9.6% | -$955,000

The Spears Building, #3AF
$8,995,000

-10.6% | -$625,000

St. James Tower, #25GG
$5,250,000

-21.6% | -$1,075,000

455 Central Park West, #L11
$3,900,000

-12% | -$476,000

The Centrale, #53
$3,499,000

-13.5% | -$500,000

The Laurel, #3CD
$3,195,000

-7.8% | -$255,000

75 Wall Street, #21NO
$2,995,000

-10.2% | -$305,000

377 West 11th Street, #3G
$2,695,000

-9.1% | -$250,000

The John Murray House, #14/15O
$2,500,000

-11.4% | -$296,000

The Westerley, #6
$2,299,000

-13.1% | -$300,000

The Grand Manhattan, #PH
$1,995,000

-20% | -$500,000

One Museum Mile, #10B
$1,995,000

-12.5% | -$250,000

Gallery Apartments, #1403
$1,750,000

-17.6% | -$300,000

CitySpire, #3607
$1,400,000

-8.6% | -$125,000

124 West 24th Street, #2B
$1,325,000

-11.9% | -$175,000

The Aristocrat, #11/12A
$1,300,000

-13.8% | -$200,000

260 West 10th Street, #2W
$1,250,000

-14.6% | -$171,000

The Adlon, #8G
$999,000

-14.8% | -$155,000

The Forum, #503
$895,000

-11.5% | -$90,000

22 Irving Place, #1A
$695,000

-10% | -$50,000

332 West 101st Street, #5FRONT
$449,000