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55 Central Park West, #PH19/20 (Compass) 55 Central Park West, #PH19/20 (Compass)
From April 1-7, 2026, fewer than 200 condos, co-ops, condops, and townhouses in core New York City areas experienced price reductions. This is a marked week-over-week dip in the number of price reductions, but it must be noted that Easter, Passover, and spring break for New York City schools all took place during this time, which likely distracted sellers. Of those that did adjust their prices, mid-market homes showed modest, negotiation-level adjustments, while uber-luxury listings in desirable neighborhoods (Central Park West, the Upper East Side, and West Chelsea) experienced deeper reductions.

In this article:

Southgate, 400 East 52nd Street
Southgate, 400 East 52nd Street Beekman/Sutton Place
520 Park Avenue
520 Park Avenue Park/Fifth Ave. to 79th St.
The Beekman, 575 Park Avenue
The Beekman, 575 Park Avenue Park/Fifth Ave. to 79th St.
150 East 73rd Street
150 East 73rd Street Lenox Hill
Turtle Bay Towers, 310 East 46th Street
Turtle Bay Towers, 310 East 46th Street Turtle Bay/United Nations
55 Central Park West, Upper West Side co-op Facade detail of 55 Central Park West
Last week's price cuts included Penthouse #19/20 on the top two floors of 55 Central Park West, a prewar cooperative that architecture critic Carter Horsley describes as "one of the city's most authentic and important Art Deco gems." Its design by Schwartz & Gross features fluted finials, setbacks with vertical design elements, and a dramatic entrance marquee. The exterior brick work starts as dark red at the base while gradually, subtly shading to pale beige at the top, creating the impression that the sun is always shining on the building.
55 Central Park West became world-famous when it served as exteriors of a climactic scene in 1984 film Ghostbusters. Special effects artists extended the structure and added a temple to the top of the building, but its looming height and Gothic-esque design details made it a natural fit for scary scenes. Since its appearance in the film, it has become known in some circles as the Shandor Building (for the fictional architect) or Spook Central.
Ghostbusters Spook Central Screenshot from
Off-screen, past residents of 55 Central Park West have included actress Ginger Rogers, bandleader Rudy Valee, and fashion designer Donna Karan. Daytonian in Manhattan notes that fashion designer Calvin Klein bought the top-floor penthouse from Grammy and Tony Award-winning composer Jerry Herman in 1983 and sold it in 1989, only to buy it back from film producer/Planet Hollywood co-founder Keith Barish a few years later. More recently, the New York Post reported that financier Marc Lasry bought it for $33 million in 2013 and listed it for $42 million in October 2025. A price reduction brings it down to $37 million.
55 Central Park West, outdoor terrace Terrace at 55 Central Park West

55 Central Park West, #PH19/20 (Compass)

In Brooklyn, actress/entrepreneur La La Anthony reduced the price of her Clinton Hill townhouse. The six-bedroom, 6.5-bath, 25-foot-wide house at 277 Greene Avenue was built from the ground up to Passive House standards and customized with features like a garage with heated driveway, a chef's kitchen with wine bar, a "glam room," and a full-floor primary suite with custom walk-in closet, spa-like bath, and private terrace. But as her son with ex-husband Carmelo Anthony gets ready to leave for Syracuse University, where his father's celebrated basketball career began, she told the New York Post, "It's a little big for me now, and I want another family or person to enjoy it the way we did." She listed it for $8.5 million in January 2026, and the price reduction brings it down to under $7 million.

277 Greene Avenue, #N/A (AT THE FIRM RESIDENTIAL LLC)

Relatively few new developments experienced price reductions during this time. Two units at The Candy Factory, a recently launched condo conversion in Clinton Hill, had their prices cut, but this was the only new development with multiple reductions. The final sponsor unit at Bedford-Stuyvesant boutique condominium 84 MacDougal Street had its price reduced; also of note the price was reduced on one of the first resales at The Cortland in West Chelsea.

The Cortland, #19AW (Sothebys International Realty)

A selection of notable listings, as well as a full chart 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


127 West 11th Street, #TH (Douglas Elliman Real Estate)

520 Park Avenue, #22 (Corcoran Group)

150 East 73rd Street, #PH (Compass)
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The Park Laurel, #20B (Brown Harris Stevens Residential Sales LLC)

100 6th Avenue, #TH (Compass)

212 Fifth Avenue, #14C (Brown Harris Stevens Residential Sales LLC)

Gramercy Park Habitat, #2L (Douglas Elliman Real Estate)

33 West 93rd Street, #PH4P (Douglas Elliman Real Estate)

The Printing House, #420 (Sothebys International Realty)

The Franklin, #5SE (Sothebys International Realty)

271 Decatur Street, #TH (Brown Harris Stevens Residential Sales LLC)

1050 Fifth Avenue, #3B (Sothebys International Realty)

The Fillmore, #6C (R New York)

95 Reade Street, #4S (Renetta Real Estate)

1324 Jefferson Avenue, #TH (Serhant)

320 West 89th Street, #3CD (Corcoran Group)

575 Fourth Avenue, #2J (Compass)

44 Gramercy Park North, #8B (Compass)

CitySpire, #3107 (Bond New York Properties LLC)

The Beekman, #108 (Compass)

The Candy Factory, #2B (Compass)

84 Macdougal Street, #2 (Corcoran Group)

46 Commerce Street, #5 (Sothebys International Realty)

346 East 119th Street, #5B (Serhant)

9707 Fourth Avenue, #7T (Find Properties)

Southgate, #9C (R New York)

770 Ocean Parkway, #6F (Compass)

Turtle Bay Towers, #9C (Corcoran Group)

Lindley House, #9D (Brown Harris Stevens Residential Sales LLC)

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  1. Select which properties are of interest to you:

Or call us at (212) 755-5544
Would you like to tour any of these properties?