From July 1-7, 2025, fewer than 200 condos, co-ops, condops, and townhouses in core New York City areas experienced price reductions. These included 19 Cranberry Street in Brooklyn Heights, whose exteriors were famously used as the Castorini family home in Academy Award-winning film Moonstruck. More recently, it was purchased by actress/writer Amy Schumer.
Former owner Edwards Rullman was the chairman of the Historic Preservation Committee of the Brooklyn Heights Association, and a key figure in the neighborhood's designation as New York City's first historic district. Ms. Schumer bought the house in June 2022, but listed it for $14 million less than three years later to move closer to her son's school in Manhattan. The price reduction brings it down to $12.75 million.
Former owner Edwards Rullman was the chairman of the Historic Preservation Committee of the Brooklyn Heights Association, and a key figure in the neighborhood's designation as New York City's first historic district. Ms. Schumer bought the house in June 2022, but listed it for $14 million less than three years later to move closer to her son's school in Manhattan. The price reduction brings it down to $12.75 million.
If the house goes for the reduced price, Ms. Schumer would roughly break even, having paid $12.5 million ($1.5 million over the last ask) for it. However, this doesn't account for a backyard renovation by Michael Van Valkenburgh, whose portfolio includes the nearby Brooklyn Bridge Park. He replaced the brick patio with turf and added a children's playset. 6sqft notes that the backyard can serve as a gated parking spot; additional features include a terrace overlooking the backyard, an eat-in kitchen, a full-floor primary suite, a basement-level home gym, and a custom wine cellar.
In this article:
-8.9% | -$1,250,000
19 Cranberry Street, #TH
$12,750,000
Brooklyn Heights | Townhouse | 5 Bedrooms, 3.5 Baths | 5,568 ft2
19 Cranberry Street, #TH (Modlin Group LLC)
In Manhattan, disgraced comedian Bill Cosby adjusted the price of an Upper East Side townhouse purchased in his name but lived in by his late son Ennis Cosby. The four-story house in the Treadwell Farm Historic District was initially listed for just under $7 million in April 2025, but the reduction brings it down to $6.75 million. Mansion Global announced the reduction and noted that the Cosbys are facing foreclosure on the house following a lawsuit from their lender.
-3.6% | -$249,999
243 East 61st Street, #TH
$6,750,000
Lenox Hill | Townhouse | 6+ Bedrooms, 4.5 Baths | 5,000 ft2
243 East 61st Street, #TH (Corcoran Group)
Also of note, four units had their prices reduced at Noble LIC, a new development boutique condominium in the Dutch Kills section of Long Island City. The building is nearly 80% sold since launching sales in spring 2024, and the price-reduced one- and two-bedroom units represent some of the last sponsor availabilities in the building. It is open for immediate occupancy.
All 46 studio to two-bedroom residences feature private outdoor space and are accessed via keyless entry. Interiors by Porcelanosa feature abundant natural light from oversized windows, wide plank Lutier Grey engineered hardwood floors, custom kitchens with porcelain slab waterfall countertops and Bertazzoni appliances, custom Porcelanosa primary baths with radiant heated floors, and Electrolux stackable washers and dryers.
All 46 studio to two-bedroom residences feature private outdoor space and are accessed via keyless entry. Interiors by Porcelanosa feature abundant natural light from oversized windows, wide plank Lutier Grey engineered hardwood floors, custom kitchens with porcelain slab waterfall countertops and Bertazzoni appliances, custom Porcelanosa primary baths with radiant heated floors, and Electrolux stackable washers and dryers.
-5.2% | -$54,000
Noble LIC, #2A
$985,000
Long Island City | Condominium | 1 Bedroom, 1 Bath | 616 ft2
Noble LIC, #2A (Corcoran Group)
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 figures reflect cumulative price cuts as opposed to the most recent reductions.
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Select listings with price improvements
-6.9% | -$2,000,000
1110 Park Avenue, #PHTRIPLEX
$27,000,000
Carnegie Hill | Condominium | 5 Bedrooms, Unknown Baths | 7,000 ft2
1110 Park Avenue, #PHTRIPLEX (Sothebys International Realty)
-5.1% | -$755,000
65 Bedford Street, #TH
$13,995,000
West Village | Townhouse | 5 Bedrooms, 5.5 Baths | 4,200 ft2
65 Bedford Street, #TH (Corcoran Group)
-7.9% | -$750,000
251 East 61st Street, #TH
$8,750,000
Lenox Hill | Townhouse | 5 Bedrooms, 5.5 Baths | 5,889 ft2
251 East 61st Street, #TH (Brown Harris Stevens Residential Sales LLC)
-16.1% | -$955,000
350 West 71st Street, #PHA
$4,995,000
Riverside Dr./West End Ave. | Condominium | 3 Bedrooms, 3.5 Baths | 2,553 ft2
350 West 71st Street, #PHA (R New York)
-32% | -$1,550,000
77 Greenwich Street, #39-C
$3,300,000
Financial District | Condominium | 3 Bedrooms, 3.5 Baths | 1,889 ft2
77 Greenwich Street, #39-C (Reuveni LLC)
-8.9% | -$250,000
The Wellesley, #5B
$2,550,000
Riverside Dr./West End Ave. | Cooperative | 3 Bedrooms, 3 Baths
The Wellesley, #5B (Corcoran Group)
-10% | -$250,000
Sutton Hall, #14B
$2,250,000
Midtown East | Cooperative | 3 Bedrooms, 2 Baths | 2,255 ft2
350 East 57th Street, #14B (Compass)
-7.8% | -$175,000
359 13th Street, #2
$2,075,000
Park Slope | Condominium | 3 Bedrooms, 2 Baths | 1,130 ft2
359 13th Street, #2 (Douglas Elliman Real Estate)
The Alwyn Court, #11A (Compass)
-15.1% | -$355,000
The Endicott, #714
$1,995,000
Broadway Corridor | Cooperative | 2 Bedrooms, 2 Baths
The Endicott, #714 (Corcoran Group)
-16.7% | -$350,000
50 West 127th Street, #7B
$1,750,000
Harlem | Condominium | 3 Bedrooms, 2 Baths | 1,756 ft2
50 West 127th Street, #7B (Corcoran Group)
-10.7% | -$170,000
100 United Nations Plaza, #7G
$1,425,000
Turtle Bay/United Nations | Condominium | 2 Bedrooms, 2.5 Baths | 1,256 ft2
100 United Nations Plaza, #7G (Corcoran Group)
-11.1% | -$150,001
2 Sutton Place South, #7F
$1,199,999
Beekman/Sutton Place | Cooperative | 2 Bedrooms, 2 Baths
2 Sutton Place South, #7F (Compass)
-8.8% | -$96,000
Coda Condominium, #11A
$999,000
Gramercy Park | Condominium | 1 Bedroom, 1 Bath | 770 ft2
Coda Condominium, #11A (Compass)
-43.8% | -$741,000
459 West 18th Street, #1
$949,000
Chelsea | Condominium | 2 Bedrooms, 1.5 Baths | 1,693 ft2
459 West 18th Street, #1 (Douglas Elliman Real Estate)
-10.1% | -$80,000
227 West 11th Street, #43
$715,000
West Village | Cooperative | 1 Bedroom, 1 Bath | 350 ft2
227 West 11th Street, #43 (Corcoran Group)
Southgate, #14G (Elegran LLC)
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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