Price Cuts: 432 Park penthouse chops $15 million off ask; Paul Rudolph's iconic townhouse gets $1M haircut

By CityRealty Staff | From Future New York Thursday, February 13, 2025

23 Beekman Place, #TH (Sotheby's International Realty)

There is little question that a design by an award-winning architect can draw attention to a New York City building, and buyers appreciate how good interior design can make sleek Modernist spaces appear cozier and homier. But the New York City market is crowded with celebrity architect-designed buildings; moreover, the past few years have seen a rise in condos connected to luxury brands like Giorgio Armani, Aman Resorts, and the Waldorf Astoria. Today's high-end buyer is likely on intimate terms with such brands in other aspects of life, which could inspire greater confidence in their residential offerings than a nebulous idea of a famous name.

It is against this backdrop that a number of listings in buildings designed by prominent architects were among over 150 condos, co-ops, condops, and townhouses that experienced price reductions from February 4-11, 2025. These included two listings at 551W21 in West Chelsea and three at Selene in Midtown, both of them designs by Foster + Partners, the firm founded by Pritzker Prize laureate Lord Norman Foster.

A few blocks from Selene, the Rafael Vinoly Architects-designed 432 Park Avenue is a striking supertall on the eastern end of the Billionaires' Row skyline. The 96th story is devoted to a massive penthouse boasting 12.5-foot ceilings, a 2,800-square-foot Great Room, a library with wood-burning fireplace, a lavish corner primary suite, and 360-degree views of Central Park, the Manhattan skyline, and Long Island Sound. The pristine penthouse has never been lived in, and the current owner listed it for $169 million in November 2021. It came back on the market for $105 million in May 2024, and the most recent reduction brings it down to $90,000,000.

432 Park Avenue, #PENTHOUSE (Douglas Elliman)

Messrs. Foster and Vinoly were prominent architects in New York City, and Paul Rudolph was an early proponent of the Modernist movement in the 1960s. The Modulightor Building was declared a New York City Landmark in January 2024; a short distance away, Mr. Rudolph entered 23 Beekman Place by renting an apartment there, bought the building in 1976, embarked on a multi-year renovation, and kept the lower levels as rentals while living and working in the newly added penthouse for the rest of his life. The townhouse was designated a New York City Landmark in 2012, listed for $18.5 million in October 2024, and reduced to $17,500,000 last week.

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

-14.3% | -$15,000,000

432 Park Avenue, #PENTHOUSE
$90,000,000

Midtown East | Condominium | 6+ Bedrooms, 6+ Baths | 8,255 ft²

432 Park Avenue, #PENTHOUSE (Douglas Elliman Real Estate)

From the Listing: Boasting an approximate 8,255 square feet of meticulous design, the Penthouse occupies the entire 96th floor of the building offering an unparalleled level of sophistication and exclusivity. Upon arrival through a gracious private landing, the foyer leads into the approximately 2,800 square foot great room with nearly 94 feet of impressive, unobstructed views to the east. The definition of penthouse living, the residence is well proportioned with 24 oversized windows measuring 10-feet by 10-feet each framing picturesque views of Central Park to the iconic Manhattan skyline and beyond. The soaring 12.5-foot ceilings and 360-degree panoramic views enhance the sense of grandeur and scale, further highlighting opulent living. See floor plan and full details here.

-12.3% | $4,500,000

601 Washington Street, #PHE
$32,000,000

West Village | Condominium | 6+ Bedrooms, 6+ Baths | 7,475 ft²

601 Washington Street, #PHE (Serhant)

From the Listing: Experience townhome luxury with penthouse views in this one-of-a-kind quadruplex spanning nearly 7,500 square feet with 6 bedrooms, 6 full bathrooms, and 2 powder rooms. A balcony and two terraces comprise 1,693 square feet of private outdoor space. The seventh level begins with a welcoming gallery that flows into a magnificent great room wrapped in floor-to-ceiling windows. Sliding doors create seamless indoor-outdoor living with the lower terrace with outdoor kitchen, fire pit, and plunge pool. See floor plan and full details here.

-5.4% | -$1,000,000

23 Beekman Place, #TH
$17,500,000

Beekman/Sutton Place | Townhouse | 6+ Bedrooms, 6+ Baths

23 Beekman Place, #TH (Sothebys International Realty)

From the Listing: The Paul Rudolph Townhouse at 23 Beekman Place presents a rare trifecta of iconic design, breathtaking views and a coveted address. With its 4 levels and 5 private terraces, the penthouse literally cantilevers over Beekman Place, affording breathtaking river views. There are 3 bedrooms, 3 bathrooms, a wood-burning fireplace and a chef's kitchen including high-end appliances. The current owners retained the architects Jared Della Valle and Andrew Bernheimer to update the penthouse in a manner consistent with Rudolph's vision, an effort which was awarded by the prestigious American Institute of Architecture. See floor plan and full details here.

-5.8% | -$500,000

551W21, #7B
$8,150,000

Chelsea | Condominium | 3 Bedrooms, 2.5 Baths | 2,425 ft²

551W21, #7B (Brown Harris Stevens Residential Sales LLC)

From the Listing: Experience New York living at its finest in the exquisitely chic Residence 7B, completely reimagined by renowned designer Pepe Calderin. As you enter the residence, you are greeted by an inviting foyer that immediately draws your eyes to the stunning outdoor vistas, setting the tone for the luxurious experience that awaits. Meticulously renovated over two years, this new trophy residence showcases every detail tailored to modern living. See floor plan and full details here.

-31.9% | -$1,850,000

61 East 82nd Street, #AB
$3,950,000

Carnegie Hill | Cooperative | 3 Bedrooms, 3.5 Baths | 2,775 ft²

61 East 82nd Street, #AB (Sothebys International Realty)

From the Listing: Occupying three floors in a stately limestone and brick colonial-inspired townhouse, this delightful residence benefits from an ideal location, very attractive original detail, and a meticulous renovation. Upon entry, a very attractive vestibule opens to the impressive gallery, with limestone floors and a gas fireplace that boasts the original black marble mantle. Beyond, a sweeping staircase wrapped in dark brown leather gracefully leads to the bright and very impressive living room with soaring high ceilings and a wood-burning fireplace. See floor plan and full details here.

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-3.2% | -$73,750

Selene, #31B
$2,200,000

Midtown East | Condominium | 1 Bedroom, 1.5 Baths | 1,375 ft²

Selene, #31B (Corcoran Sunshine Marketing Group)

From the Listing: An elegant oak entry door welcomes you to Residence 31B, a gracious one-bedroom situated in the tower portion of Selene. The Foster + Partners-designed open chef's kitchen features wire-brushed oak cabinetry with integrated pulls and bronze detailing, cabinet-fronted Gaggenau stainless steel appliances, and Italian Carrara marble knife edge countertop and backsplash. The primary suite features a tranquil bathroom adorned with Silver Striato radiant heated travertine floors. See floor plan and full details here.

-16.5% | -$375,000

564 East 23rd Street, #TH
$1,900,000

Flatbush | Townhouse | 6+ Bedrooms, 4 Baths | 3,262 ft²

564 East 23rd Street, #TH (Douglas Elliman Real Estate)

From the Listing: Nestled on the peaceful, tree-lined streets of Ditmas Park, this beautifully preserved Colonial-style home is the perfect blend of charm, space, and opportunity. Boasting 7 spacious bedrooms, 4 full baths, and over 3,250 square feet of living space, this home sits on an expansive lot, offering a generous backyard, a detached garage, and a driveway that accommodates up to 4 cars. Relax on the inviting front porch and watch time go by, or step inside and be greeted by grand, airy rooms bathed in natural light from oversized windows. See floor plan and full details here.

-7.9% | -$150,000

The Monarch, #27B
$1,745,000

Yorkville | Condominium | 2 Bedrooms, 2 Baths | 1,011 ft²

The Monarch, #27B (Corcoran Group)

From the Listing: This esteemed property is a gorgeous condo that basks in the breathtaking cityscape, skyline, and beyond. Two luxurious bedrooms, the primary complete with an en-suite bathroom, ensure ample private space. Hardwood flooring throughout coalesce with oversized windows, washing the interiors with natural light, and framing magnificent, panoramic views of the city, river, and bridges. An open plan living room seamlessly transitions into a dining area, providing an ideal space for entertaining or winding down with the view. See floor plan and full details here.

-3.6% | -$60,000

Flow House, #PHB
$1,590,000

Long Island City | Condominium | 2 Bedrooms, 2 Baths | 1,040 ft²

Flow House, #PHB (Compass)

From the Listing: Welcome to The Flow House - a stunning duplex penthouse offering multiple outdoor spaces and picturesque views of the Manhattan skyline from every room. As you step inside, you'll be greeted by nearly 20’ ceilings that create an airy, bright and open atmosphere. The expansive Western facing windows provide breathtaking city views allowing natural light to pour all day throughout the living room, dining room, and kitchen. See floor plan and full details here.

-10.8% | -$180,000

Lofts1, #4E
$1,495,000

Williamsburg | Condominium | 2 Bedrooms, 2.5 Baths | 1,477 ft²

Lofts1, #4E (Compass)

From the Listing: For unique historic character, an incredibly spacious layout and two sunny south-facing outdoor spaces, look no further than this impressive two-bedroom loft triplex located within a stylish Williamsburg condominium conversion. This beautiful home offers a flexible floor plan filled with soaring 10-foot-tall beamed ceilings, rich maple hardwood floors and oversized windows facing south and east. See floor plan and full details here.

-7.8% | -$124,000

Kheel Tower, #3D
$1,475,000

Chelsea | Condominium | 2 Bedrooms, 2 Baths | 1,000 ft²

Kheel Tower, #3D (Douglas Elliman Real Estate)

From the Listing: Introducing Residence 3D, a meticulously renovated 1,000-square-foot loft nestled within one of Chelsea's iconic Art Deco buildings. Boasting a seamless blend of historic charm and modern convenience, this 2-bedroom, 2-bathroom home offers an unparalleled urban retreat. Step inside to discover a luminous sanctuary with a full wall of expansive windows, bathing the space in natural light. Entertain with ease in the spacious living room, designed for versatility with areas for formal dining, office, or relaxation. See floor plan and full details here.

-16.5% | -$255,000

The Carlyle, #1418
$1,295,000

Park/Fifth Ave. to 79th St. | Cooperative | 1 Bedroom, 1.5 Baths

The Carlyle, #1418 (Brown Harris Stevens Residential Sales LLC)

From the Listing: The jewel in the Upper East Side's crown, The Carlyle Hotel and its residences offer the most superb accommodations in New York City. This gut-renovated one-bedroom is made more special by a petite and private terrace. Facing south and east, this apartment is awash in morning light. The overly large bedroom includes a dressing area/home office and a generous walk-in closet. The open kitchen with granite countertops and a bar area is appointed with top-of-the-line appliances. See floor plan and full details here.

-11.5% | -$155,000

100 Norfolk Street, #1A
$1,195,000

Lower East Side | Condominium | 1 Bedroom, 1.5 Baths | 1,160 ft²

100 Norfolk Street, #1A (Compass)

From the Listing: Extra-large one-bedroom, one and a half-bathroom duplex comes with a private outdoor space. Interiors tout double pane floor-to-ceiling windows, oak flooring, ample closet space, a washer and dryer, as well as central air and heating systems. The open custom kitchen features quartz counter tops and backslashes, high gloss lacquer cabinetry locally manufactured by Bazzeo, and top-of-the-line appliances by Gaggenau. See floor plan and full details here.

-12.1% | -$151,000

West End and Eighty Seven, #3C
$1,099,000

Riverside Dr./West End Ave. | Condop | 2 Bedrooms, 2.5 Baths | 1,406 ft²

West End and Eighty Seven, #3C (Compass)

From the Listing: This exquisite two-bedroom home boasts 10-foot ceilings, white oak floors, custom millwork, recessed lighting, and imported hardware that blend to create an inviting yet sophisticated atmosphere. The entryway welcomes you with a marble powder room and a coat closet, leading to a spacious great room bathed in natural light from south-facing windows. A waterfall bar counter and Sub-Zero wine refrigerator add a touch of elegance to the dining and seating areas. The seller is offering a common charge credit of $150K to the buyer at closing. See floor plan and full details here.

-8.4% | -$90,251

Centric, #10D
$985,999

Woodside | Condominium | 2 Bedrooms, 1 Bath | 775 ft²

Centric, #10D (Nest Seekers LLC)

From the Listing: With private outdoor space and stunning amenities, this brand new 2-bedroom, 2-bathroom residence offers effortless modern living. The home begins with an open-concept layout and floor-to-ceiling triple-pane tilt-and-turn windows that maximize natural light. A terrace off the living area is ideal for entertaining, potted plants, and outdoor lounging. See floor plan and full details here.

-10.6% | -$111,000

H70, #5B
$939,000

Midwood | Condominium | 3 Bedrooms, 2 Baths | 1,107 ft²

H70, #5B (Corcoran Group)

From the Listing: Residence #5B is a spacious and inviting 3-bedroom, 2-bathroom layout with not one but two private outdoor spaces. As you enter this home, you are welcomed by a large entry foyer with a double door closet and a generously sized U-shaped kitchen. Further in you have an expansive dining/living space with north-facing exposure. Ask about the sponsor's "3-2-1" buydown incentive for the first three years of your mortgage. See floor plan and full details here.

-4.7% | -$40,000

L'Isola, #8A
$810,000

Murray Hill | Condominium | 1 Bedroom, 1 Bath | 647 ft²

L'Isola, #8A (Serhant)

From the Listing: Welcome to this stunning south-facing one-bedroom sanctuary, where natural light pours through oversized windows and city views provide the perfect backdrop for relaxed living. Step out onto your private balcony, offering ample space for outdoor dining or enjoying the evening skyline. This thoughtfully designed home features brand-new floors throughout and a spacious living room, seamlessly flowing into an open-concept kitchen. See floor plan and full details here.

-24.6% | -$245,000

The Foundry, #5A
$750,000

Gramercy Park | Condop | 1 Bedroom, 1.5 Baths

The Foundry, #5A (Compass)

From the Listing: Situated in a pre-war converted factory building, this spacious loft apartment offers soaring 11-foot ceilings and dramatic oversized windows. Featuring a split floor plan with a sunny bedroom, an interior den/guest room, plus a full bath and convenient half bath. Other amenities include hardwood floors and an abundance of customized closets and extra storage. See floor plan and full details here.

-5.5% | -$40,000

The Gotham Town House, #8D
$685,000

Midtown East | Cooperative | 1 Bedroom, 1 Bath | 750 ft²

The Gotham Town House, #8D (Randall Property Group Inc)

From the Listing: Mint condition, bright, south facing, one bedroom with custom designer features throughout. This thoughtfully renovated home boasts handsome, walnut-stained, plank hardwood floors, a spectacular open galley kitchen with quartz countertops, a Sub-Zero built-in refrigerator, a Viking stove with 5 burners and a Bosch dishwasher. The kitchen flows seamlessly into the living room area, with plenty of room for a large dining table, perfect for entertaining. Electricity included in maintenance, and cable is available at a discounted rate. See floor plan and full details here.

-12.2% | -$76,000

The Mildred, #1D
$549,000

Park Slope | Cooperative | 1 Bedroom, 1 Bath

The Mildred, #1D (Douglas Elliman Real Estate)

From the Listing: This home has been recently renovated and features soaring high ceilings, and brand new, natural red oak flooring throughout. The front entry foyer will lead you into the cozy living and dining area that has tranquil garden views and is flooded with natural sunlight throughout the day. The large open kitchen features a breakfast bar and is equipped with updated stainless-steel appliances. See floor plan and full details here.

-5% | -$25,000

55 Morton Street, #7C
$475,000

West Village | Cooperative | Studio, 1 Bath

55 Morton Street, #7C (Compass)

From the Listing: This bright, airy space offers abundant natural light from double exposures to the east and south, with unobstructed views of the Freedom Tower. The apartment features 10-foot ceilings and a fireplace with a mantle, adding to its classic West Village charm. The living area comfortably accommodates both a sleeping space and full living room furniture. See floor plan and full details here.

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In this article:

-14.3% | -$15,000,000

432 Park Avenue, #PENTHOUSE
$90,000,000

-12.3% | $4,500,000

601 Washington Street, #PHE
$32,000,000

-5.4% | -$1,000,000

23 Beekman Place, #TH
$17,500,000

-5.8% | -$500,000

551W21, #7B
$8,150,000

-31.9% | -$1,850,000

61 East 82nd Street, #AB
$3,950,000

Select which properties are of interest to you:

-3.2% | -$73,750

Selene, #31B
$2,200,000

-16.5% | -$375,000

564 East 23rd Street, #TH
$1,900,000

-7.9% | -$150,000

The Monarch, #27B
$1,745,000

-3.6% | -$60,000

Flow House, #PHB
$1,590,000

-10.8% | -$180,000

Lofts1, #4E
$1,495,000

-7.8% | -$124,000

Kheel Tower, #3D
$1,475,000

-16.5% | -$255,000

The Carlyle, #1418
$1,295,000

-11.5% | -$155,000

100 Norfolk Street, #1A
$1,195,000

-12.1% | -$151,000

West End and Eighty Seven, #3C
$1,099,000

-8.4% | -$90,251

Centric, #10D
$985,999

-10.6% | -$111,000

H70, #5B
$939,000

-4.7% | -$40,000

L'Isola, #8A
$810,000

-24.6% | -$245,000

The Foundry, #5A
$750,000

-5.5% | -$40,000

The Gotham Town House, #8D
$685,000

-12.2% | -$76,000

The Mildred, #1D
$549,000

-5% | -$25,000

55 Morton Street, #7C
$475,000

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In this article:

-14.3% | -$15,000,000 432 Park Avenue, #PENTHOUSE$90,000,000

-12.3% | $4,500,000 601 Washington Street, #PHE$32,000,000

-5.4% | -$1,000,000 23 Beekman Place, #TH$17,500,000

-5.8% | -$500,000 551W21, #7B$8,150,000

-31.9% | -$1,850,000 61 East 82nd Street, #AB$3,950,000

Select which properties are of interest to you:

-3.2% | -$73,750 Selene, #31B$2,200,000

-16.5% | -$375,000 564 East 23rd Street, #TH$1,900,000

-7.9% | -$150,000 The Monarch, #27B$1,745,000

-3.6% | -$60,000 Flow House, #PHB$1,590,000

-10.8% | -$180,000 Lofts1, #4E$1,495,000

-7.8% | -$124,000 Kheel Tower, #3D$1,475,000

-16.5% | -$255,000 The Carlyle, #1418$1,295,000

-11.5% | -$155,000 100 Norfolk Street, #1A$1,195,000

-12.1% | -$151,000 West End and Eighty Seven, #3C$1,099,000

-8.4% | -$90,251 Centric, #10D$985,999

-10.6% | -$111,000 H70, #5B$939,000

-4.7% | -$40,000 L'Isola, #8A$810,000

-24.6% | -$245,000 The Foundry, #5A$750,000

-5.5% | -$40,000 The Gotham Town House, #8D$685,000

-12.2% | -$76,000 The Mildred, #1D$549,000

-5% | -$25,000 55 Morton Street, #7C$475,000

Select which properties are of interest to you:

Listings in this article

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Company

-14.3% | -$15,000,000

432 Park Avenue, #PENTHOUSE
$90,000,000

-12.3% | $4,500,000

601 Washington Street, #PHE
$32,000,000

-5.4% | -$1,000,000

23 Beekman Place, #TH
$17,500,000

-5.8% | -$500,000

551W21, #7B
$8,150,000

-31.9% | -$1,850,000

61 East 82nd Street, #AB
$3,950,000

-3.2% | -$73,750

Selene, #31B
$2,200,000

-16.5% | -$375,000

564 East 23rd Street, #TH
$1,900,000

-7.9% | -$150,000

The Monarch, #27B
$1,745,000

-3.6% | -$60,000

Flow House, #PHB
$1,590,000

-10.8% | -$180,000

Lofts1, #4E
$1,495,000

-7.8% | -$124,000

Kheel Tower, #3D
$1,475,000

-16.5% | -$255,000

The Carlyle, #1418
$1,295,000

-11.5% | -$155,000

100 Norfolk Street, #1A
$1,195,000

-12.1% | -$151,000

West End and Eighty Seven, #3C
$1,099,000

-8.4% | -$90,251

Centric, #10D
$985,999

-10.6% | -$111,000

H70, #5B
$939,000

-4.7% | -$40,000

L'Isola, #8A
$810,000

-24.6% | -$245,000

The Foundry, #5A
$750,000

-5.5% | -$40,000

The Gotham Town House, #8D
$685,000

-12.2% | -$76,000

The Mildred, #1D
$549,000

-5% | -$25,000

55 Morton Street, #7C
$475,000