Price Cuts: Broadway producer's penthouse heads to auction; 505 W 43 reduces prices and offers new incentives

The Platinum, #PH2 (ALTA Real Estate)

Thursday, Oct 17, 2024 By CityRealty Staff, CityRealty contributor

From October 6-14, 2024, approximately 250 condos, co-ops, condops, and townhouses throughout New York City experienced price reductions. These included six two- and three-bedroom units at 505 W 43, a new development condominium just off Tenth Avenue. To further sweeten the deal, the building is now offering two years of common charges and two years of real estate tax credits on all remaining inventory. Contracts must be signed by the end of 2024.

-6.4% | -$173,000

505 W 43, #8H
$2,525,000

Midtown West | Condominium | 3 Bedrooms, 3.5 Baths | 1,854 ft²

505 W 43, #8H (Corcoran Sunshine Marketing Group)

From the Listing: Designed by ODA Architects with interiors by Andres Escobar & Associates, 505 W 43 offers 123 stylish studio to three-bedroom condominium residences in two boutique towers situated around a central planted courtyard. Residences at 505 W 43 are light, bright, and spacious, featuring floor-to-ceiling windows, 5" wide oak plank flooring, white lacquered kitchens with Grohe fixtures and appliances by Thermador and Bosch, and bathrooms with marble floors and Toto fixtures. See floor plan and full details here.

Elsewhere in Midtown West, the Platinum penthouse of Tony Award-winning Broadway producer Paul Boskind has reached a new low price. Mr. Boskind bought the triplex penthouse from the building's developer for $5.9 million in 2009, and it has been on and off the market at varying price points since it was initially listed for $19 million in 2014. Most recently, it has come up for auction with a Reserve Price of $7,000,000. Buyers have until November 20 to place their bids.

Further uptown, the price was reduced on 211 East 62nd Street, the Upper East Side townhouse where former First Lady Eleanor Roosevelt spent the last years of her life. She spent her time in the house writing "My Day," her syndicated newspaper column, and entertaining dignitaries like John Kennedy, Adlai Stevenson, and Indira Gandhi. In more recent times, the townhouse has undergone a renovation by Maria Masi and been listed for $11.95 million in August 2023. It has been on and off the market at varying price points since then, and the most recent reduction brings it down to $10,456,000.

These homes and a selection of other notable listings, as well as a full chart 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.

-12% | -$75,000

Charing Cross House, #5GS
$550,000

Lenox Hill | Cooperative | Studio, 1 Bath

Charing Cross House, #5GS (Compass)

From the Listing: Stylish sunny mint gorgeous alcove studio with huge windows facing south and west will guarantee your happiness! Entering the home through an elegant foyer, you will be greeted by the elegance of the space. The kitchen is fully equipped with a Miele dishwasher and brand-new refrigerator. There is abundant storage space throughout. See full details here.

-21.4% | -$170,000

244 East 30th Street, #4B
$625,000

Murray Hill | Cooperative | 2 Bedrooms, 2 Baths

244 East 30th Street, #4B (Douglas Elliman Real Estate)

From the Listing: This fully renovated 2-bedroom apartment features open, south facing views of the city and overlooking serene gardens in the rear of the building. Completely unobstructed, this open view allows for abundant natural sunlight all day! The large, partially opened kitchen features stainless steel appliances which include a five-burner range, dishwasher, undercabinet microwave and refrigerator. See floor plan and full details here.

-16.1% | -$121,000

Spruce Ridge House, #4K
$629,000

Gramercy Park | Cooperative | 1 Bedroom, 1 Bath | 750 ft²

Spruce Ridge House, #4K (Brown Harris Stevens Residential Sales LLC)

From the Listing: At approximately 750 square feet, with a great layout and tons of storage space, you will truly enjoy the many wonderful features of this sophisticated one-bedroom residence. From the tremendous living room with a designated dining area, hardwood floors throughout, and wonderful, separate chef's kitchen, to the truly king-sized bedroom and renovated bath. Additionally, there is ample closet space, including a huge walk-in closet, a linen closet, a deep utility closet, and a wall-to-wall custom closet in the bedroom. See floor plan and full details here.

-12.6% | -$100,000

London Terrace Towers, #8F
$695,000

Chelsea | Cooperative | Studio, 1 Bath

London Terrace Towers, #8F (Compass)

From the Listing: Upon entering this impeccably renovated corner unit, you are immediately greeted by an abundance of natural light streaming through the double pane windows, which frame stunning unobstructed north and east views. The well-appointed windowed kitchen is a culinary enthusiast's dream. Storage will never be an issue, thanks to three custom-crafted closet systems that provide generous space for all your belongings. See floor plan and full details here.

-4.5% | -$34,000

The Armory, #9S
$715,000

Midtown West | Condop | Studio, 1 Bath

The Armory, #9S (Brown Harris Stevens Residential Sales LLC)

From the Listing: Enter into this spectacular top-floor studio, where you will enjoy breathtaking open views to the south and west. Perfectly renovated in 2017 for both comfort and style, this residence boasts a large, open kitchen featuring wrap-around marble countertops with a breakfast bar and full-size stainless steel appliances, including a 4-burner gas range, microwave, and dishwasher. Cozy up by the wood-burning fireplace or enjoy the through-wall air conditioning for year-round comfort. A graceful staircase leads to the apartment's standout feature: your expansive 22' x 17'7" private roof deck. See floor plan and full details here.

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-5.8% | -$46,000

77 East 12th Street, #12D
$749,000

Greenwich Village | Cooperative | 1 Bedroom, 1 Bath

77 East 12th Street, #12D (Corcoran Group)

From the Listing: Greenwich Village apartment is in very good condition and has newly updated kitchen with new stainless steel appliances, quartz countertops and tiled backsplash. There are brand new floors throughout as well as new windows. Central air is included in the maintenance. Sponsor unit - no board approval required! See floor plan and full details here.

-14.6% | -$145,000

The Foundry, #5A
$850,000

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.

-10% | -$100,000

The Diana, #PH505
$899,000

Bedford-Stuyvesant | Condominium | 1 Bedroom, 1 Bath | 683 ft²

The Diana, #PH505 (Compass)

From the Listing: In a city where location is everything, The Diana offers its residents the quiet sanctuary of home and immediate access to one of the most energetic, diverse neighborhoods in New York City. Every residence features top-of-the-line appliances and fixtures, artful design finishes, floor to ceiling windows that lead to private outdoor terraces, and access to inviting common areas. Penthouse #505 comes with 325 square feet of outdoor space. See floor plan and full details here.

-11.4% | -$125,000

373 Baltic Street, #1
$975,000

Boerum Hill | Condominium | 2 Bedrooms, 2 Baths | 977 ft²

373 Baltic Street, #1 (Compass)

From the Listing: You are welcomed into this two-bedroom home with a gracious foyer that allows for an easy place to store your coat and shoes before settling in for some peace and respite. The generously sized south-facing living space allows for ample living room furniture as well as a dining table. Your renovated kitchen has white cabinetry, quartz countertops, and top-of-the-line stainless steel appliances. Three separate storage units included. See floor plan and full details here.

-8.4% | -$100,000

Coda Condominium, #8F
$1,095,000

Gramercy Park | Condominium | 1 Bedroom, 1 Bath | 720 ft²

Coda Condominium, #8F (Corcoran Group)

From the Listing: Residence 8F is a graciously proportioned east-facing apartment with views to the East River through oversized windows and a sunlit living room. Light-filled interiors by renowned D'Apostrophe Design showcase thoughtful layouts with a modern feel. A considered collection of materials including European 5" wide plank wood flooring, custom glossy white lacquer kitchen cabinetry, and distinct selections of stone create stylish comfortable residences. Included with the apartment is Storage Bin #S27. See floor plan and full details here.

-10% | -$150,000

51 East 90th Street, #6A
$1,349,000

Carnegie Hill | Cooperative | 2 Bedrooms, 2 Baths

51 East 90th Street, #6A (Corcoran Group)

From the Listing: Perched on the sixth floor, Residence 6A opens into the foyer which hosts an entryway closet to help shed the outside world. The south-facing living room features beamed ceilings and hardwood parquet floors. There is through-the-wall AC to ensure that every ray of light finds its way through the windows. The dining room can comfortably seat six. Anchored by a charming banquette, the windowed eat-in kitchen offers ample cabinet and counter space and includes a dishwasher as well as the washer-dryer. See floor plan and full details here.

-15.9% | -$270,000

165 East 60th Street, #6A
$1,425,000

Lenox Hill | Cooperative | 2 Bedrooms, 2 Baths

165 East 60th Street, #6A (Corcoran Group)

From the Listing: Top-floor apartment has been reimagined by James Wagman Architect and includes all new windows, kitchen and baths. The captivating great room boasts voluminous 13.4-foot ceilings, a wood-burning fireplace and stunning northerly views of the Upper East Side through dramatic patio-door style windows. The windowed kitchen has premium appliances by Bertazzoni and Miele, with stone countertops alongside classic prewar features. See floor plan and full details here.

-10% | -$200,000

99 John Deco Lofts, #2203
$1,795,000

Financial District | Condominium | 1 Bedroom, 1 Bath | 800 ft²

99 John Deco Lofts, #2203 (Red Jacket Residential LLC)

From the Listing: Perched on the 22nd floor, this designer apartment comes fully renovated with a massive wraparound terrace with southern, eastern, western and northern views. Custom designed, this minimal-chic residence features beamed high ceilings, oversized windows, gorgeous wide plank hardwood floors, a custom designed kitchen with high end kitchen appliances, including a Scavolini range and refrigerator, an immaculately appointed bathroom and a quiet south and west-facing bedroom with built-in window desk and room wide bookshelves. See floor plan and full details here.

-11.3% | -$255,000

The Lincoln, #3B
$1,995,000

Park Slope | Condominium | 3 Bedrooms, 2.5 Baths | 1,324 ft²

The Lincoln, #3B (Corcoran Group)

From the Listing: Live a piece of Park Slope history at The Lincoln! This exceptional home with a private balcony combines classic charm with modern elements, affording an incomparable lifestyle on one of Park Slope's finest landmark blocks. Entering the main level you are greeted by a spacious living/dining room graced by rich hardwood floors, light-filled windows, airy ceilings and distinctive architectural touches. The open kitchen is perfect for the host and chef, styled with sleek white cabinetry and stainless steel appliances. See floor plan and full details here.

-14.7% | -$430,000

505 W 43, #8A
$2,495,000

Midtown West | Condominium | 3 Bedrooms, 2.5 Baths | 1,647 ft²

505 W 43, #8A (Corcoran Sunshine Marketing Group)

From the Listing: Residence 8A is a 1,647-square-foot three-bedroom, two bathroom with powder room with floor-to-ceiling windows and stunning views to the north and east of Midtown Manhattan. Upon entering you are greeted with lovely light from the large floor to ceiling windows of the corner, two exposure living and dining areas. The primary suite, which can accommodate a king bed, features a large walk-in closet and an en-suite bath. Two years common charges and two years real estate tax credit on contracts signed by the end of 2024. See floor plan and full details here.

-14.3% | -$500,000

One Prospect Park West, #5C
$2,999,000

Park Slope | Condominium | 2 Bedrooms, 2 Baths | 1,637 ft²

One Prospect Park West, #5C (Corcoran Group)

From the Listing: Residence #5C's southeastern exposures and oversized windows ensure abundant sunlight throughout the day, providing the best combination of views and light that the condominium has to offer. Just off the gallery, you'll find a 1920s-inspired powder room complete with wainscoting, custom Workstead lighting, a beveled-edge mirror, and a custom washstand topped with Calacatta Nero marble. The dining room is ideally situated as the start of the entertaining space and is adjacent to the open kitchen. Unique to Residence 5C is a custom dry bar with storage and a wine fridge, nestled within a wall of additional storage. See floor plan and full details here.

-16.7% | -$650,000

The Dorchester, #10CD
$3,250,000

Midtown East | Cooperative | 4 Bedrooms, 3 Baths

The Dorchester, #10CD (Compass)

From the Listing: Nestled at the prestigious corner of Park Avenue and 57th Street, this gut-renovated 7-room, 3-4 bedroom, 3-bathroom apartment epitomizes luxury living. Upon entry, a grand foyer welcomes you into the expansive living space, adorned with herringbone wood floors. The open floor plan effortlessly transitions between the dining, living, and kitchen areas, creating an ideal environment for both intimate gatherings and lavish entertaining. The custom chef's kitchen is a culinary masterpiece, featuring top-of-the-line appliances complemented by ample storage space. See floor plan and full details here.

-15.9% | -$755,000

The Charles House, #5C
$3,995,000

Park/Fifth Ave. to 79th St. | Condominium | 4 Bedrooms, 4 Baths | 2,530 ft²

The Charles House, #5C (Red Jacket Residential LLC)

From the Listing: Perhaps the finest location in all of New York, this expansive four-bedroom condominium residence is located a stone's throw from all the best of the Upper East Side. A spacious foyer lined with deep closets leads you to the spacious living and dining room, with custom built ins and lighting. The windowed kitchen features custom cabinets, black granite counter tops and creme marble backsplash, along with Wolf and Sub-Zero appliances. The bedroom wing is located behind glass French doors, and features a custom sound dampened den, with built-in desk and bookcases, and three more bedrooms, including the primary. See floor plan and full details here.

-10.5% | -$575,000

250 Bowery, #PHD
$4,915,000

NoLiTa/Little Italy | Condominium | 3 Bedrooms, 3.5 Baths | 2,462 ft²

250 Bowery, #PHD (Compass)

From the Listing: Stunning and sprawling penthouse loft showcasing fabulous roof terrace and sunblasted 52-foot Great Room with fireplace and wall of windows framing spectacular downtown views. The Great Room opens to a professional Boffi kitchen with Miele, Sub-Zero, and Gaggenau appliance package with range hood that vents out. Enjoy a windowed home office / butler's pantry with wine storage and private service entrance - ideal for the entertainer. See floor plan and full details here.

-17.7% | -$1,500,000

The Platinum, #PH2
$7,000,000

Midtown West | Condominium | 4 Bedrooms, 6+ Baths | 4,365 ft²

The Platinum, #PH2 (ALTA Real Estate)

From the Listing: The Penthouse at the Platinum Condominium a jaw-dropping, three-level combination unit that epitomizes luxury living. Sun-drenched by day and offering the most spectacular sunset views over the picturesque Hudson River by night, this northwest corner unit is a true gem. As you step into the grand great room, you are greeted by soaring 25-foot double-height ceilings and floor-to-ceiling corner windows that provide a panoramic view of the city skyline and Billionaires Row. The inviting fireplace sets a cozy atmosphere, while the expansive terrace invites you to soak in the city's captivating sights and sounds.

Please note that the above-referenced price reflects the Reserve Price for the property, which is being marketed for sale by luxury private auction. Bidding is open now through November 20. Seller reserves the right to accept or reject bids.6 percent buying Premium. See floor plan and full details here.

-12.5% | -$1,494,000

211 East 62nd Street, #TH
$10,456,000

Lenox Hill | Cooperative | 4 Bedrooms, 6+ Baths | 5,225 ft²

211 East 62nd Street, #TH (Serhant LLC)

From the Listing: Situated in the exclusive Treadwell Farm Historic District in Lenox Hill, this exceptional 4-bedroom, 5-bathroom townhome offers a modern luxury lifestyle set against the grandeur and promise of ages gone by. Built in 1873 and recently renovated by Maria Masi, this 19-foot-wide townhome rises five stories with a gorgeous redbrick facade. An elevator serves every floor, and a trio of private outdoor spaces include a classical courtyard garden, a terrace, and a rooftop deck with a dog run and skyline views. See floor plan and full details here.

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-6.4% | -$173,000

505 W 43, #8H
$2,525,000

In this article:

-12% | -$75,000

Charing Cross House, #5GS
$550,000

-21.4% | -$170,000

244 East 30th Street, #4B
$625,000

-16.1% | -$121,000

Spruce Ridge House, #4K
$629,000

-12.6% | -$100,000

London Terrace Towers, #8F
$695,000

-4.5% | -$34,000

The Armory, #9S
$715,000

Select which properties are of interest to you:

-5.8% | -$46,000

77 East 12th Street, #12D
$749,000

-14.6% | -$145,000

The Foundry, #5A
$850,000

-10% | -$100,000

The Diana, #PH505
$899,000

-11.4% | -$125,000

373 Baltic Street, #1
$975,000

-8.4% | -$100,000

Coda Condominium, #8F
$1,095,000

-10% | -$150,000

51 East 90th Street, #6A
$1,349,000

-15.9% | -$270,000

165 East 60th Street, #6A
$1,425,000

-10% | -$200,000

99 John Deco Lofts, #2203
$1,795,000

-11.3% | -$255,000

The Lincoln, #3B
$1,995,000

-14.7% | -$430,000

505 W 43, #8A
$2,495,000

-14.3% | -$500,000

One Prospect Park West, #5C
$2,999,000

-16.7% | -$650,000

The Dorchester, #10CD
$3,250,000

-15.9% | -$755,000

The Charles House, #5C
$3,995,000

-10.5% | -$575,000

250 Bowery, #PHD
$4,915,000

-17.7% | -$1,500,000

The Platinum, #PH2
$7,000,000

-12.5% | -$1,494,000

211 East 62nd Street, #TH
$10,456,000

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Price Cuts: Broadway producer's penthouse heads to auction; 505 W 43 reduces prices and offers new incentives

-6.4% | -$173,000 505 W 43, #8H$2,525,000

In this article:

-12% | -$75,000 Charing Cross House, #5GS$550,000

-21.4% | -$170,000 244 East 30th Street, #4B$625,000

-16.1% | -$121,000 Spruce Ridge House, #4K$629,000

-12.6% | -$100,000 London Terrace Towers, #8F$695,000

-4.5% | -$34,000 The Armory, #9S$715,000

Select which properties are of interest to you:

-5.8% | -$46,000 77 East 12th Street, #12D$749,000

-14.6% | -$145,000 The Foundry, #5A$850,000

-10% | -$100,000 The Diana, #PH505$899,000

-11.4% | -$125,000 373 Baltic Street, #1$975,000

-8.4% | -$100,000 Coda Condominium, #8F$1,095,000

-10% | -$150,000 51 East 90th Street, #6A$1,349,000

-15.9% | -$270,000 165 East 60th Street, #6A$1,425,000

-10% | -$200,000 99 John Deco Lofts, #2203$1,795,000

-11.3% | -$255,000 The Lincoln, #3B$1,995,000

-14.7% | -$430,000 505 W 43, #8A$2,495,000

-14.3% | -$500,000 One Prospect Park West, #5C$2,999,000

-16.7% | -$650,000 The Dorchester, #10CD$3,250,000

-15.9% | -$755,000 The Charles House, #5C$3,995,000

-10.5% | -$575,000 250 Bowery, #PHD$4,915,000

-17.7% | -$1,500,000 The Platinum, #PH2$7,000,000

-12.5% | -$1,494,000 211 East 62nd Street, #TH$10,456,000

Select which properties are of interest to you:

Listings in this article

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My Account

-6.4% | -$173,000

505 W 43, #8H
$2,525,000

-12% | -$75,000

Charing Cross House, #5GS
$550,000

-21.4% | -$170,000

244 East 30th Street, #4B
$625,000

-16.1% | -$121,000

Spruce Ridge House, #4K
$629,000

-12.6% | -$100,000

London Terrace Towers, #8F
$695,000

-4.5% | -$34,000

The Armory, #9S
$715,000

-5.8% | -$46,000

77 East 12th Street, #12D
$749,000

-14.6% | -$145,000

The Foundry, #5A
$850,000

-10% | -$100,000

The Diana, #PH505
$899,000

-11.4% | -$125,000

373 Baltic Street, #1
$975,000

-8.4% | -$100,000

Coda Condominium, #8F
$1,095,000

-10% | -$150,000

51 East 90th Street, #6A
$1,349,000

-15.9% | -$270,000

165 East 60th Street, #6A
$1,425,000

-10% | -$200,000

99 John Deco Lofts, #2203
$1,795,000

-11.3% | -$255,000

The Lincoln, #3B
$1,995,000

-14.7% | -$430,000

505 W 43, #8A
$2,495,000

-14.3% | -$500,000

One Prospect Park West, #5C
$2,999,000

-16.7% | -$650,000

The Dorchester, #10CD
$3,250,000

-15.9% | -$755,000

The Charles House, #5C
$3,995,000

-10.5% | -$575,000

250 Bowery, #PHD
$4,915,000

-17.7% | -$1,500,000

The Platinum, #PH2
$7,000,000

-12.5% | -$1,494,000

211 East 62nd Street, #TH
$10,456,000

Landmarks praises residential conversion/restoration of NoMad's Baudouine Building, Seeks revisions to rooftop addition