From September 29 - October 6, 2026, nearly 300 condos, co-ops, condops, and townhouses in core New York City areas experienced price reductions, up slightly week over week. But while a few multi-million-dollar reductions took place at the high end of the market, the vast majority of last week's price cuts were at a much smaller scale, suggesting more measured adjustments to attract a wider pool of buyers.
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A notable price reduction took place at 138 West 82nd Street, a Neo-Grec townhouse designed by Ralph Townsend in 1884. Its first owner, Samuel Colcord, was also known as "Lucky Sam" for his fortune in West Side real estate, but did not stay long, listing the house in 1888. Daytonian in Manhattan notes that it changed hands several times before functioning as a rooming house in the mid-century. But in 2004, it was turned back into a single-family home when its current sellers, venture capitalist Dylan Hixon and visual artist Camomile Hixon, bought the house for $3.5 million and embarked on an extensive renovation that includes infrastructure updates like solar panels and two-zone air conditioning as well as design elements characteristic of Ms. Hixon's colorful, glitter-based work. They listed it for $9.95 million in November 2025, and a price cut brings it down to $8.75 million.
-12.1% | -$1,200,000
138 West 82nd Street, #TH
$8,750,000
Broadway Corridor | Townhouse | 6+ Bedrooms, 6+ Baths | 6,500 ft2
138 West 82nd Street, #TH (Sothebys International Realty)
↓ The facade was restored to its original glory, and exterior elements like carved flower pots and cast-iron balustrades were restored based on historic photographs.
↓ All levels are connected by a hand-carved, skylit staircase.
↓ Every entertaining room on the parlor level has its own fireplace.
↓ A library features a carved fireplace and custom bookshelves.
↓ A full-floor primary suite has a bedroom and sitting room with their own fireplaces, dual wardrobes, a private terrace, and a windowed bath with steam shower.
↓ Both bedrooms on the fourth floor have decorative fireplaces.
↓ The house is topped with a rooftop sun deck.
↓ In a guest suite, a living room with skylight, radiant heated floors, and sliding glass doors opens to a large private garden.
Once-in-a-lifetime townhouse listings reduced in the West Village
Last week's price cuts included two townhouses dating back to the mid-19th century in the West Village. 2 Perry Street, a townhouse erected in 1849 by builder Philo Beebe, features a restored brick facade, a classic stoop, high ceilings, a full basement, a curved staircase to connect all levels, a private garden, and a planted roof terrace. It is currently configured as an owner's triplex with a garden-level one-bedroom duplex, but could be converted to a single-family house. It was initially listed for over $6.1 million, but a price cut brings it to just short of $6 million.
2 Perry Street's listing notes that it is on the market for the first time in 50 years, but 29 Grove Street, a townhouse built in 1841, has reportedly been in the same family for 100 years. During that time, its Greek Revival-style facade has been meticulously restored, as have historic details like cast iron boot scrapers at the entrance, a bell-pull doorbell, and an original wood-burning kitchen range. Additional features include 11' ceilings, fireplaces with black and gold-veined marble mantles, and a greenhouse with access to a private garden. It was listed for nearly $12 million in June 2026, but a price reduction brings it down to nearly $11 million.
These are on the market at a time when single-family mansion in the West Village are proving popular with the city's luxury buyers. Indeed, 2 Perry Street is in fact being sold with plans developed by JK Neukomm Architecture, and 29 Grove Street could potentially be expanded by approximately 1,375 square feet. But owing to their addresses in the Greenwich Village Historic District, any planned work must pass muster with the Landmarks Preservation Commission.
-8.3% | -$1,000,000
29 Grove Street, #TH
$10,995,000
West Village | Townhouse | 4 Bedrooms, 2.5 Baths
29 Grove Street, #TH (Brown Harris Stevens Residential Sales LLC)
-2.4% | -$150,000
2 Perry Street, #TH
$5,975,000
Greenwich Village | Townhouse | 3 Bedrooms, 2 Baths | 2,300 ft2
2 Perry Street, #TH (Corcoran Group)
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Reduced prices along Fifth Avenue redesign
Last week's price cuts included two apartments apiece at Olympic Tower, Trump Tower, and The Bryant, high-rise condominiums located within the boundaries of a sidewalk and street redesign of Fifth Avenue between Bryant Park and Central Park (40th to 59th Streets). This involves nearly doubling the width of sidewalks to 33.5 feet each and adding a section for trees, planters, and seating. The expanded sidewalks will reduce crossing lengths in a move that will improve pedestrian safety. The five traffic lanes currently on Fifth Avenue will be cut down to three, with a bus lane at the center. There is no bike lane planned, but the New York Post reported that Transportation Alternatives is lobbying for one. The project also includes infrastructure improvements like sewer and water main upgrades, to be done concurrently with the aboveground work.
Plans for Fifth Avenue's redesign took shape during the Adams administration, and the Mamdani administration is set to finalize it. Construction could begin next year if all goes according to plan, but further changes are in store for Fifth Avenue much sooner. Retailers Edikted and Pop Mart recently signed leases for Fifth Avenue flagships. Retail Brew notes that brands like Tiffany & Co., Coach, Nike, and Louis Vuitton have transformed their Fifth Avenue flagships into immersive experiences. And the new Rolex headquarters located at 665 Fifth Avenue and designed by Sir David Chipperfield (whose portfolio, coincidentally, includes The Bryant) is expected to open soon, at which time it will offer a Rolex store on the first four floors, office space for Rolex and other tenants above it, a daytime food and beverage lounge on the 12th floor, and conference spaces and a tenant-only restaurant on the top two floors.
-21.6% | -$4,000,000
The Bryant, #PHN
$14,500,000
Midtown West | Condominium | 4 Bedrooms, 4.5 Baths | 4,163 ft2
The Bryant, #PHN (Corcoran Sunshine Marketing Group)
-16.5% | -$495,000
Olympic Tower, #27A
$2,500,000
Midtown East | Condominium | 2 Bedrooms, 2.5 Baths | 1,791 ft2
Olympic Tower, #27A (Compass)
-14.4% | -$403,000
Trump Tower, #41E
$2,395,000
Midtown East | Condominium | 1 Bedroom, 1 Bath | 1,125 ft2
Trump Tower, #41E (Keller Williams NYC)
Reductions at Tower 58 ahead of supertall's construction
Two price cuts took place at Tower 58, a condominium located just off Fifth Avenue near Central Park, The Plaza, Carnegie Hall, Rockefeller Center, fine dining, and Midtown offices. It is also located one block from a planned supertall at 41 West 57th Street. While an ornate skyscraper designed by Mark Foster Gage Architects and dubbed "The Khaleesi" was once proposed, the site will instead contain a sleek new tower designed by OMA to offer a restaurant, a 158-key luxury hotel, and 119 condos on the uppermost floors.
Developer Sedesco has been building an assemblage of low-rise office buildings for the project since 2012, and received permission to add 52,000 square feet to the tower in exchange for building two elevators at West 56th Street and Sixth Avenue for improved access to the 57th Street F train. As of October 2026, demolition work is underway to accommodate the 1,100-foot-tall building that will block views from the two recently reduced apartments. Indeed, demolition of one of the buildings may be seen in one home's listing pictures.
-16.4% | -$550,000
Tower 58, #6EF
$2,800,000
Midtown West | Condominium | 3 Bedrooms, 3 Baths | 1,750 ft2
Tower 58, #6EF (Serhant)
Price reductions and sponsor incentives at Brooklyn boutique condos
Last week's price cuts included a number of listings at boutique condominiums in Brooklyn. Multiple reductions took place at 40 Schaefer Street in Bushwick, 817 Classon Avenue in Crown Heights, and Arbor in Kensington. These represent the final inventory in these buildings, and the price cuts are not the only enticements. A 421a tax abatement is in effect at Arbor, and the sponsors of 817 Classon Avenue and 40 Schaefer Street are offering concessions on common charges and taxes.
-3.6% | -$40000
817 Classon Avenue, #2B
$1,060,000
Crown Heights | Condominium | 1 Bedroom, 1.5 Baths | 793 ft2
817 Classon Avenue, #2B (Corcoran Group)
-3.3% | -$25,000
The Schae Condominium, #1B
$725,000
Bushwick | Condominium | 1 Bedroom, 2 Baths | 936 ft2
The Schae Condominium, #1B (Compass)
-5.6% | -$25,000
Arbor, #3B
$425,000
Kensington | Condominium | Studio, 1 Bath | 465 ft2
Arbor, #3B (Compass)
Recently reduced listings
-17.2% | -$3,005,000
Paul Rudolph House, #TH
$14,495,000
Beekman/Sutton Place | Townhouse | 6+ Bedrooms, 6+ Baths | 9,296 ft2
Paul Rudolph House, #TH (Sothebys International Realty)
-11.5% | -$1,500,000
15 Madison Square North, #16BC
$11,495,000
Flatiron/Union Square | Condominium | 4 Bedrooms, 6+ Baths | 4,880 ft2
15 Madison Square North, #16BC (Compass)
-4.0% | -$335,000
Greenwich West, #PH-C
$7,950,000
SoHo | Condominium | 2 Bedrooms, 2.5 Baths | 2,005 ft2
Greenwich West, #PH-C (ALIGNMENT RE LLC)
-27.5% | -$2,750,000
1016 Fifth Avenue, #14B
$7,250,000
Carnegie Hill | Cooperative | 3 Bedrooms, 4 Baths | 2,900 ft2
1016 Fifth Avenue, #14B (Sloane Square LLC)
-12.5% | -$1,000,000
1010 Fifth Avenue, #10B
$7,000,000
Carnegie Hill | Cooperative | 4 Bedrooms, 4 Baths
1010 Fifth Avenue, #10B (Brown Harris Stevens Residential Sales LLC)
-17.3% | -$1,200,000
949 Park Avenue, #TRIPLEX4
$5,750,000
Carnegie Hill | Condominium | 2 Bedrooms, 2.5 Baths | 2,980 ft2
949 Park Avenue, #TRIPLEX4 (Corcoran Group)
-10.4% | -$600,000
35 Hudson Yards, #5604
$5,150,000
Midtown West | Condominium | 3 Bedrooms, 3.5 Baths | 2,652 ft2
35 Hudson Yards, #5604 (Compass)
-16.7% | -$1,000,000
40 East End Avenue, #12A
$4,995,000
Yorkville | Condominium | 3 Bedrooms, 3.5 Baths | 2,229 ft2
40 East End Avenue, #12A (Corcoran Group)
-14.1% | -$700,000
173 Perry Street, #3N
$4,250,000
West Village | Condominium | 2 Bedrooms, 2.5 Baths | 1,853 ft2
173 Perry Street, #3N (Sothebys International Realty)
-10.8% | -$400,000
51 Fifth Avenue, #15C
$3,295,000
Greenwich Village | Cooperative | 2 Bedrooms, 2 Baths
51 Fifth Avenue, #15C (Sothebys International Realty)
-8.2% | -$245,000
139 East 63rd Street, #PHA
$2,750,000
Lenox Hill | Cooperative | 2 Bedrooms, 2.5 Baths | 1,750 ft2
139 East 63rd Street, #PHA (Berkshire Hathaway HomeServices New York Properties)
-9.4% | -$150,000
680 Riverside Drive, #4CD
$1,449,000
Hamilton Heights | Condominium | 4 Bedrooms, 2 Baths | 1,892 ft2
680 Riverside Drive, #4CD (Brown Harris Stevens Residential Sales LLC)
-20.8% | -$375,000
184 Thompson Street, #6S
$1,425,000
Greenwich Village | Condominium | 1 Bedroom, 1 Bath | 646 ft2
184 Thompson Street, #6S (Coldwell Banker Warburg)
-13.8% | -$225,000
Cannon Point North, #18M
$1,400,000
Beekman/Sutton Place | Cooperative | 2 Bedrooms, 2 Baths
Cannon Point North, #18M (Compass)
-9.7% | -$145,000
48 Gramercy Park North, #1B
$1,350,000
Gramercy Park | Cooperative | 1 Bedroom, 2 Baths
48 Gramercy Park North, #1B (Brown Harris Stevens Residential Sales LLC)
-16.5% | -$246,000
107 East 36th Street, #4A
$1,249,000
Murray Hill | Cooperative | 2 Bedrooms, 1.5 Baths
107 East 36th Street, #4A (Brown Harris Stevens Residential Sales LLC)
-12.8% | -$141,000
The Vermeer, #10K
$959,000
Chelsea | Cooperative | 1 Bedroom, 1 Bath
The Vermeer, #10K (Brown Harris Stevens Residential Sales LLC)
St. George Tower, #23H (Douglas Elliman Real Estate)
-4.0% | -$25,000
21 Bleecker Street, #GW
$595,000
NoHo | Cooperative | Studio, 1 Bath
21 Bleecker Street, #GW (Weichert Properties)
-16.7% | -$100,000
The Gotham Town House, #6G
$499,000
Midtown East | Cooperative | 1 Bedroom, 1 Bath
The Gotham Town House, #6G (Keller Williams NYC)
-11.3% | -$35,000
Belmont 79, #20A
$275,000
Lenox Hill | Cooperative | Studio, 1 Bath | 550 ft2
Belmont 79, #20A (Douglas Elliman Real Estate)
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