Price Cuts: Andy Warhol’s former townhouse reduced $500K; Sherry-Netherland two-bed slashed 70%

Wednesday, Jul 29, 2026 By CityRealty Staff, CityRealty contributor

From July 21-27, 2026, fewer than 200 condos, co-ops, condops, and townhouses in core New York City areas experienced price reductions. This was relatively consistent week over week, and comes in the middle of a typically quiet summer season when many listings have been temporarily taken off the market.

Andy Warhol's former East Village townhouse reduced

Last week's price cuts included 321 East 6th Street, a 20-foot-wide Anglo-Italianate townhouse where artist Andy Warhol and filmmaker Paul Morrissey, who collaborated on several cinema verite projects, lived in the 1960s, at which time Mr. Warhol's Factory was coming to prominence. Original features like wood-burning fireplaces, parquet floors, crown moldings, and 13' ceilings were on display during their time here. The house has triple exposures, and its address next door to a low-rise landmarked synagogue all but assures incredible natural light.

Public records show that an entity dubbed 321 Townhouse LLC purchased the house for $4.6 million in June 2019. Since then, Landmarks approved an application to construct a rooftop penthouse addition in February 2021, though the seller does not appear to have done anything with it. The listing notes that it is being sold with a set of Landmarks- and Department of Buildings-approved plans with the rooftop addition, the creation of two triplexes, and the installation of an elevator to connect all levels. It was listed for just under $6 million in May 2025, and the price cut brings it below $5.5 million.

-8.3% | -$500,000

321 East 6th Street, #TH
$5,495,000

East Village | Townhouse | 6+ Bedrooms, 6+ Baths | 4,900 ft²

321 East 6th Street, #TH (Leslie J Garfield & Co Inc)

From the Listing: Welcome to 321 East 6th Street, a historic Anglo-Italianate townhouse built in 1853, once home to filmmaker Paul Morrissey and artist Andy Warhol. This 4-story residence spans 4,900 square feet with 8 bedrooms, 8 bathrooms, and several fireplaces. Approved renovation plans allow for the creation of two luxurious 3-4 bedroom triplexes with an elevator, rooftop penthouse, patios, and a gym. See floor plan and full details here.

Notable price cuts in new developments

305 Park Avenue, Midtown East condo conversion

Waldorf Astoria Residences New York (Douglas Elliman)

Of New York City's new development condos that experienced price cuts last week, Crown Heights boutique condominium 817 Classon Avenue saw the largest number, with five of the six public availabilities reduced since sales launched earlier this spring. However, the deepest cut took place at Waldorf Astoria Residences New York, the partial condo conversion of the famed luxury hotel. Residence #1914, a sprawling three-bedroom with stunning views of Park Avenue, was initially listed for $12.1 million. Last week's price reduction brings it down to $9.25 million.

-23.6% | -$2,850,000

Waldorf Astoria Residences New York, #1914
$9,250,000

Midtown East | Condominium | 3 Bedrooms, 3.5 Baths | 2,486 ft²

Waldorf Astoria Residences New York, #1914 (Douglas Elliman Real Estate)

From the Listing: Own a piece of the legacy at Waldorf Astoria Residences New York. Residence 1914 is situated on the corner of 50th Street, facing north and west, and offers stunning views of Park Avenue. Designed by internationally acclaimed designer Jean-Louis Deniot, residences combine modern comfort with signature features such as a dedicated Concierge Closet and keyless entry with opulent details like ceiling coves, herringbone floors, oversized custom-paneled doors, spacious walk-in closets, and grand entry foyers with marble floors and brass inlays. See floor plan and full details here.

Enlarge Image

343 Madison Avenue (Credit Volley Studio for KPF and Boston Properties)

Enlarge Image

Enlarge Image

350 Park Avenue (Vornado Realty Trust / Citadel)

Enlarge Image

Enlarge Image

625 Madison Avenue (Related Companies / Foster + Partners)

Enlarge Image

The cut at Waldorf Astoria Residences New York comes at a time of significant new office development in Midtown East. Hedge fund Citadel has recently begun work on the site of its new headquarters at 350 Park Avenue. Construction is underway on 625 Madison Avenue, Related Companies' 53-story office tower on the cusp of Midtown East and the Upper East Side. Extell Development is assembling a site for a large new tower at 405-417 Park Avenue; Commercial Observer notes that it has already purchased the empty office at 405 Park Avenue and air rights from Central Synagogue, and that it has its eye on 110 East 55th Street and 111 East 54th Street. Demolition has begun at 346 Madison Avenue in preparation for a 46-story tower developed by a joint venture between SL Green and Mori Building Company. Finally, developer BXP recently secured a $1.2 billion loan to build a 46-story tower connected to Grand Central Terminal at 343 Madison Avenue.

Central Park view trend among price-reduced listings

781 Fifth Avenue, Upper East Side Gold Coast

The Sherry Netherland (Douglas Elliman)

The deepest cut of the week was for Residence #1101 at The Sherry Netherland, a split two-bedroom co-op that was listed for $4.95 million in October 2024. It has been on and off the market at gradually lower price points since then, and the latest reduction brings it down to $1.5 million, or nearly 70 percent off the original ask.

Residence #1101's steep maintenance fee of $20,220/month may be giving potential buyers pause, though it is worth noting exactly what that covers. The Sherry Netherland has a full staff that includes full-time doormen and concierge, elevator attendants, and housekeepers. It offers daily housekeeping service, evening turndown service, valet parking, and room service from Harry Cipriani, the hotel's restaurant that is almost an exact duplicate of the original Harry's Bar in Venice. Add in such perks as fresh flowers, Louis Sherry chocolates, Molton Brown toiletries, and complimentary mineral waters and sodas for guests, and the atmosphere of The Sherry Netherland is more similar to old-school hotel living than a typical New York apartment building.

Entryway of the Sherry Netherland

Would you like to tour any of these properties?

Just complete the info below.

As for the apartment itself, Residence #1101 was recently renovated with new windows, central air conditioning, and state-of-the-art lighting and audiovisual equipment. It features a thoughtful floor plan with an elegant gallery, a windowed kitchen, a primary suite with a five-fixture bath, and a library that can double as a second bedroom. It also offers direct views of Central Park, a feature it had in common with several other price-reduced listings last week.

Recently reduced listings with Central Park views

-20.6% | -$3,375,000

Trump Parc, #21ABCDE
$13,000,000

Midtown West | Condominium | 4 Bedrooms, 4.5 Baths | 5,450 ft²

Trump Parc, #21ABCDE (Douglas Elliman Real Estate)

From the Listing: Perched high above Central Park in one of Manhattan's most distinguished Art Deco condominiums, Residence 21ABCDE at 106 Central Park South presents a 5,450-square-foot simplex offering breathtaking, unobstructed views of Central Park and the New York City skyline through expansive north-east-facing picture windows. This home presents a rare opportunity to own a true museum-quality residence in the epicenter of Manhattan. The interiors were conceived by the internationally renowned design firm D'Aquino Monaco and took several years to complete. See floor plan and full details here.

-69.7% | -$3,450,000

The Sherry Netherland, #1101
$1,500,000

Park/Fifth Ave. to 79th St. | Cooperative | 2 Bedrooms, 2 Baths

The Sherry Netherland, #1101 (Douglas Elliman Real Estate)

From the Listing: Spectacular 4-room 11th floor aerie in the legendary Sherry-Netherland Hotel on Fifth Avenue boasting expansive vistas of the city skyline and Central Park. This home recently underwent a 2-year meticulous renovation, complete with new windows, central air, audio/visual and lighting systems, custom millwork, etc. The elegant entertaining rooms, centering on a lovely marble gallery, include a wonderful sun drenched 33-foot-long living/dining room overlooking Central Park and Wollman Rink. See floor plan and full details here.

-10.0% | -$600,000

252 East 57th Street, #52A
$5,400,000

Midtown East | Condominium | 3 Bedrooms, 3.5 Baths | 2,624 ft²

252 East 57th Street, #52A (Coleman Real Estate Group)

From the Listing: Perched high in the sky, Residence 52A at 252 East 57th Street is a perfectly drawn three-bedroom, three-and-a-half-bath home that captures sweeping views north to Central Park and west to Central Park South skyline. The 30-foot living and dining room wraps the northwest corner with 11' ceilings and a private terrace, which offers rare east sliver views of the river and 59th Street bridge. See floor plan and full details here.

-3.9% | -$100,000

The Hawthorne, #2A
$2,475,000

Midtown West | Cooperative | 2 Bedrooms, 2 Baths

The Hawthorne, #2A (Brown Harris Stevens Residential Sales LLC)

From the Listing: This impeccable and mint condition, two-bedroom, two-bathroom residence seamlessly blends the classic charm of old New York with the comfort and sophistication of modern living. Professionally designed with both style and functionality in mind, the spacious layout is ideal for entertaining or quiet relaxation. Energy-efficient, soundproof windows ensure peace and privacy while framing gorgeous direct views of Central Park that change beautifully with the seasons. See floor plan and full details here.

-3.3% | -$55,000

One Morningside Park, #12C
$1,595,000

Harlem | Condominium | 2 Bedrooms, 2 Baths | 1,150 ft²

One Morningside Park, #12C (Corcoran Group)

From the Listing: Perched high above Morningside Park and Central Park, this two-bedroom, two-bathroom condominium boasts a private 80-square-foot balcony with stunning open views of Central Park and the Midtown skyline. The open windowed chef's kitchen features a breakfast bar, custom cabinetry, quartzite countertops, top of the line KitchenAid appliances, and a large pantry. 421a tax abatement expires in 2040. See floor plan and full details here.

-24.9% | -$496,000

One Museum Mile, #18F
$1,499,000

East Harlem | Condominium | 2 Bedrooms, 2 Baths | 1,284 ft²

One Museum Mile, #18F (Keller Williams NYC)

From the Listing: Views, function, and convenience converge at this spacious 2-bedroom residence on Fifth Avenue. This Robert A.M. Stern designed luxury residence is located on the storied Museum Mile. Flooded with natural light, it offers a split 2-bedroom layout with glorious views of Central Park from every room. Its open kitchen offers ample storage, an eat-in counter, and appliances of the highest quality from Miele and Bosch. See floor plan and full details here.

Further price reductions

-8.4% | -$400,000

1035 Park Avenue, #PENTHOUSE
$4,350,000

Carnegie Hill | Cooperative | 2 Bedrooms, 2.5 Baths

1035 Park Avenue, #PENTHOUSE (Corcoran Group)

From the Listing: Crowning 1035 Park Avenue, this full-floor Park Avenue penthouse unfolds onto expansive wraparound terraces from every principal room, creating a rare sense of light, privacy, and seamless indoor-outdoor living. Perched on a quiet corner in a prime Upper East Side location, this penthouse enjoys abundant sunlight and open views. This home was completely rebuilt, undergoing a structural and aesthetic reinvention. See floor plan and full details here.

-7.8% | -$255,000

The Dorchester, #11FGH
$2,995,000

Midtown East | Cooperative | 3 Bedrooms, 2.5 Baths

The Dorchester, #11FGH (Compass)

From the Listing: A stunning combination corner unit reimagined and reconfigured down to the studs, spanning over 2,200 square feet in The Dorchester, in the heart of Manhattan. This expansive 8-room home features 3 bedrooms, 2.5 bathrooms, abundant storage, and an unbeatable blend of sophistication and functionality. Step into the elegant foyer, which leads to sunlit interiors with northern, eastern, and southern exposures. Garage parking is included for added convenience. See floor plan and full details here.

-16.7% | -$500,000

110 + Bway, #9D
$2,495,000

Morningside Heights | Condominium | 3 Bedrooms, 2.5 Baths | 1,907 ft²

110 + Bway, #9D (Corcoran Group)

From the Listing: With 2,094 square feet of indoor and outdoor space, this three bedroom, two and one half bath condominium is a modern masterpiece set in the Upper West Side's most vibrant neighborhood. This residence has a Downtown feel, boasting 10-foot ceilings, oversized windows, abundant storage and a loft-like living/dining room. A 4x6x8ft storage bin (a $25,000 value) is included in the sale. See floor plan and full details here.

-2.7% | -$50,000

The Village Mews, #PHF-SW
$1,800,000

East Village | Condominium | 2 Bedrooms, 2.5 Baths | 1,006 ft²

The Village Mews, #PHF-SW (R New York)

From the Listing: Located on a quiet, tree-lined East Village block, this 2-bedroom, 2.5-bath triplex condominium feels like a charming mini townhouse in the sky. Set within a boutique elevator building, this top-floor home offers a unique multi-level layout, beautiful southern exposure, and a bright, airy feel enhanced by a dramatic skylight. See floor plan and full details here.

-5.8% | -$105,000

228 West 21st Street, #2
$1,695,000

Chelsea | Cooperative | 2 Bedrooms, 2 Baths

228 West 21st Street, #2 (Compass)

From the Listing: This expansive true two-bed, two-bath pre-war co-op offers the kind of scale, character, and architectural integrity that is increasingly rare among today's cookie-cutter new developments. This stunning floor-through home is defined by its soaring 11+ foot ceilings and impressive proportions along with a coveted wood-burning fireplace adorned with a red brick mantel. Additionally, your private outdoor space is a sun-drenched south-facing balcony. See floor plan and full details here.

-12.5% | -$200,000

161 West 71st Street, #4
$1,395,000

Broadway Corridor | Condominium | 3 Bedrooms, 1 Bath | 1,100 ft²

161 West 71st Street, #4 (Douglas Elliman Real Estate)

From the Listing: Welcome to this sun-filled Upper West Side duplex, just three easy flights up, offering the rare combination of flexible living space and two exceptional private outdoor spaces. You'll enter into an open-concept living and dining area is anchored by a spacious chef's kitchen with abundant cabinetry, generous counter space, and a breakfast bar with seating, while still providing room for a full dining table and comfortable living area. See floor plan and full details here.

-6.7% | -$91,000

The River Arts, #6B
$1,259,000

Washington Heights | Cooperative | 2 Bedrooms, 2 Baths

The River Arts, #6B (Serhant)

From the Listing: Enter into a spacious gallery foyer, this curated corner home offers high ceilings and abundant northern and eastern light through thirteen windows. Enjoy unobstructed high-floor vistas of the Hudson River, the George Washington Bridge, and lush greenery. The open-concept living room, dining room, and kitchen create the perfect setting for entertaining large groups. See floor plan and full details here.

-4.4% | -$55,000

Cast Iron Building, #309
$1,195,000

Greenwich Village | Cooperative | 1 Bedroom, 1 Bath

Cast Iron Building, #309 (Compass)

From the Listing: Welcome to Unit 309 at 67 East 11th Street - a stunningly renovated one-bedroom loft with southern exposure and 16-foot ceilings, once prominently featured in Dwell Magazine. This unique home is located in the heart of Greenwich Village, offering the quintessential NYC loft living experience. See floor plan and full details here.

-22.6% | -$290,000

PS90, #1L
$995,000

Harlem | Condominium | 2 Bedrooms, 2 Baths | 1,486 ft²

PS90, #1L (Douglas Elliman Real Estate)

From the Listing: Welcome home to this incredible north and west-facing corner second-floor true condominium loft with 12' ceilings, distressed 8" wide-plank and herringbone oak floors, and stunning oversized arched double-hung windows that flood the living areas with natural light. Direct access from the living room to a wonderful large private terrace. See floor plan and full details here.

-9.2% | -$70,000

Bryant Park Tower, #38I
$695,000

Midtown West | Condominium | Studio, 1 Bath | 482 ft²

Bryant Park Tower, #38I (Compass)

From the Listing: Welcome to this oversized, light-filled alcove studio in one of Midtown’s most desirable full-service condominiums. Wrapped in dramatic south-facing walls of windows, this exceptional home is bathed in natural light all day long and showcases sweeping open city views stretching all the way to the Freedom Tower, with stunning sunsets and partial river views as your everyday backdrop. The thoughtfully designed layout offers impressive space for both living and sleeping. See floor plan and full details here.

-10.6% | -$74,000

155 East 93rd Street, #11D
$625,000

Carnegie Hill | Cooperative | 1 Bedroom, 1 Bath | 721 ft²

155 East 93rd Street, #11D (Corcoran Group)

From the Listing: Perched on a high floor, this residence is bathed in southern light, with every room enjoying open, bright city views that enhance the sense of space and lightness. The thoughtfully designed layout begins with an entry foyer which flows into a generous living area anchored by a marble decorative fireplace, creating an elegant setting for entertaining. See floor plan and full details here.

-9.2% | -$55,000

The Osborne, #4DD
$540,000

Midtown West | Cooperative | 1 Bedroom, 1 Bath | 594 ft²

The Osborne, #4DD (Keller Williams NYC)

From the Listing: Residents of The Osborne live in a historic building at the foot of Billionaires Row that has been home to luminaries of the stage, screen, sports icons, and business magnates. Apartment 4DD is among just a few neighboring apartments; it’s a warm and welcoming arrangement where you will know your neighbors, most of whom have lived there for decades. The apartment’s 13 ½ foot ceilings provide a feeling of airy space that defies the actual square footage. See floor plan and full details here.

-17.6% | -$75,000

333 East 53rd Street, #6B
$350,000

Midtown East | Cooperative | Studio, 1 Bath | 400 ft²

333 East 53rd Street, #6B (Douglas Elliman Real Estate)

From the Listing: Nestled on a quite midblock in Midtown, Apartment 6B offers all the conveniences of city living in a well renovated studio apartment. Enter through a nice entry foyer creating separation between the living area and front door, this studio has a California closet Murphy bed with TV mounted, a bright north-facing sky view on a quiet courtyard, and beautiful and classic Pre-War features including original parquet wood flooring in beautiful condition, a beamed ceiling, and a unique exposed metal door. See floor plan and full details here.

In this article:

Andy Warhol's former East Village townhouse reduced

-8.3% | -$500,000

321 East 6th Street, #TH
$5,495,000

Notable price cuts in new developments

-23.6% | -$2,850,000

Waldorf Astoria Residences New York, #1914
$9,250,000

Central Park view trend among price-reduced listings

Select which properties are of interest to you:

Recently reduced listings with Central Park views

-20.6% | -$3,375,000

Trump Parc, #21ABCDE
$13,000,000

-69.7% | -$3,450,000

The Sherry Netherland, #1101
$1,500,000

-10.0% | -$600,000

252 East 57th Street, #52A
$5,400,000

-3.9% | -$100,000

The Hawthorne, #2A
$2,475,000

-3.3% | -$55,000

One Morningside Park, #12C
$1,595,000

-24.9% | -$496,000

One Museum Mile, #18F
$1,499,000

-8.4% | -$400,000

1035 Park Avenue, #PENTHOUSE
$4,350,000

-7.8% | -$255,000

The Dorchester, #11FGH
$2,995,000

-16.7% | -$500,000

110 + Bway, #9D
$2,495,000

-2.7% | -$50,000

The Village Mews, #PHF-SW
$1,800,000

-5.8% | -$105,000

228 West 21st Street, #2
$1,695,000

-12.5% | -$200,000

161 West 71st Street, #4
$1,395,000

-6.7% | -$91,000

The River Arts, #6B
$1,259,000

-4.4% | -$55,000

Cast Iron Building, #309
$1,195,000

-22.6% | -$290,000

PS90, #1L
$995,000

-9.2% | -$70,000

Bryant Park Tower, #38I
$695,000

-10.6% | -$74,000

155 East 93rd Street, #11D
$625,000

-9.2% | -$55,000

The Osborne, #4DD
$540,000

-17.6% | -$75,000

333 East 53rd Street, #6B
$350,000

Are “stale” listings bad listings? How to separate red flags from great deals + Open Houses

As NYC students head back to school, see the city's most impressive school-to-residential conversions

What to know about combining two (or more!) NYC apartments + Unique combination residences available now

Arch Appeal: NYC residences with elegant arched windows from $499K

Top 10 most prestigious condos in Midtown East + 12 new towers transforming the premier district

Triple-mint NYC apartments with ensuite five-fixture baths; Sorin launches sales near Hudson Yards

NYC apartments with leafy views as city sets 30% tree canopy goal

Six ways to add value to your NYC apartment before selling + Weekend open houses include 100 Barclay penthouses

Price Cuts: Andy Warhol’s former townhouse reduced $500K; Sherry-Netherland two-bed slashed 70%

In this article:

Andy Warhol's former East Village townhouse reduced

-8.3% | -$500,000 321 East 6th Street, #TH$5,495,000

Notable price cuts in new developments

-23.6% | -$2,850,000 Waldorf Astoria Residences New York, #1914$9,250,000

Central Park view trend among price-reduced listings

Select which properties are of interest to you:

Recently reduced listings with Central Park views

-20.6% | -$3,375,000 Trump Parc, #21ABCDE$13,000,000

-69.7% | -$3,450,000 The Sherry Netherland, #1101$1,500,000

-10.0% | -$600,000 252 East 57th Street, #52A$5,400,000

-3.9% | -$100,000 The Hawthorne, #2A$2,475,000

-3.3% | -$55,000 One Morningside Park, #12C$1,595,000

-24.9% | -$496,000 One Museum Mile, #18F$1,499,000

-8.4% | -$400,000 1035 Park Avenue, #PENTHOUSE$4,350,000

-7.8% | -$255,000 The Dorchester, #11FGH$2,995,000

-16.7% | -$500,000 110 + Bway, #9D$2,495,000

-2.7% | -$50,000 The Village Mews, #PHF-SW$1,800,000

-5.8% | -$105,000 228 West 21st Street, #2$1,695,000

-12.5% | -$200,000 161 West 71st Street, #4$1,395,000

-6.7% | -$91,000 The River Arts, #6B$1,259,000

-4.4% | -$55,000 Cast Iron Building, #309$1,195,000

-22.6% | -$290,000 PS90, #1L$995,000

-9.2% | -$70,000 Bryant Park Tower, #38I$695,000

-10.6% | -$74,000 155 East 93rd Street, #11D$625,000

-9.2% | -$55,000 The Osborne, #4DD$540,000

-17.6% | -$75,000 333 East 53rd Street, #6B$350,000

Related Listings

Tags:

Related Articles

Are “stale” listings bad listings? How to separate red flags from great deals + Open Houses

As NYC students head back to school, see the city&#039;s most impressive school-to-residential conversions

What to know about combining two (or more!) NYC apartments + Unique combination residences available now

Arch Appeal: NYC residences with elegant arched windows from $499K

Top 10 most prestigious condos in Midtown East + 12 new towers transforming the premier district

Triple-mint NYC apartments with ensuite five-fixture baths; Sorin launches sales near Hudson Yards

NYC apartments with leafy views as city sets 30% tree canopy goal

Six ways to add value to your NYC apartment before selling + Weekend open houses include 100 Barclay penthouses

Search

Market Data

Market Insight

CityRealty

My Account

-8.3% | -$500,000

321 East 6th Street, #TH
$5,495,000

-23.6% | -$2,850,000

Waldorf Astoria Residences New York, #1914
$9,250,000

-20.6% | -$3,375,000

Trump Parc, #21ABCDE
$13,000,000

-69.7% | -$3,450,000

The Sherry Netherland, #1101
$1,500,000

-10.0% | -$600,000

252 East 57th Street, #52A
$5,400,000

-3.9% | -$100,000

The Hawthorne, #2A
$2,475,000

-3.3% | -$55,000

One Morningside Park, #12C
$1,595,000

-24.9% | -$496,000

One Museum Mile, #18F
$1,499,000

-8.4% | -$400,000

1035 Park Avenue, #PENTHOUSE
$4,350,000

-7.8% | -$255,000

The Dorchester, #11FGH
$2,995,000

-16.7% | -$500,000

110 + Bway, #9D
$2,495,000

-2.7% | -$50,000

The Village Mews, #PHF-SW
$1,800,000

-5.8% | -$105,000

228 West 21st Street, #2
$1,695,000

-12.5% | -$200,000

161 West 71st Street, #4
$1,395,000

-6.7% | -$91,000

The River Arts, #6B
$1,259,000

-4.4% | -$55,000

Cast Iron Building, #309
$1,195,000

-22.6% | -$290,000

PS90, #1L
$995,000

-9.2% | -$70,000

Bryant Park Tower, #38I
$695,000

-10.6% | -$74,000

155 East 93rd Street, #11D
$625,000

-9.2% | -$55,000

The Osborne, #4DD
$540,000

-17.6% | -$75,000

333 East 53rd Street, #6B
$350,000

As NYC students head back to school, see the city's most impressive school-to-residential conversions