From September 1-7, 2026, 125 condos, co-ops, condops, and townhouses in core New York City areas experienced price reductions. This is a small uptick in the number of price cuts that took place last week, and comes as the number of publicly listed units in New York City neighborhoods starts to climb slightly after the Labor Day holiday (now up to about 6,300).
In this article:
Former presidential suite at The Westbury Hotel slashed by $3.25M
One of the deepest cuts of the week took place at The Westbury, the condo conversion of the Westbury Hotel on the Upper East Side. The 18-story Neo-Renaissance building was developed by the Phipps family (whose patriarch was a friend and business partner of Andrew Carnegie) and designed by George B. Pelham in 1927. Residence #16A, which is now a high-floor three-bedroom with a large private terrace, was reportedly the presidential suite. More recently, it was converted to a 47-unit condominium in 1999, and member's club Maxime's opened in the base of the building in March 2025.
Architecture critic Carter Horsley notes that the Westbury Hotel's only real competition as a luxury hotel for years was The Carlyle and The Stanhope. Both of these have since been converted to residential (partially, in the case of The Carlyle), and increased competition, including hotel-to-condo conversions The Surrey Residences and The Wales, has entered the market in recent years.
Residence #16A was listed for $12.25 million in November 2025, and its latest price reduction brings it down to an even $9 million. If it sells for this price, the LLC-listed seller will take a loss, having paid nearly $10.8 million for it in June 2013.
-26.5% | -$3,250,000
The Westbury, #16A
$9,000,000
Park/Fifth Ave. to 79th St. | Condominium | 3 Bedrooms, 3.5 Baths | 3,161 ft2
The Westbury, #16A (Douglas Elliman Real Estate)
Debra Messing reduces Upper East Side home
Another notable price cut was for Emmy Award-winning actress Debra Messing's apartment at 3 East 84th Street, a low-rise Art Deco cooperative in Carnegie Hill. She purchased Residence #8, a full-floor four-bedroom, for $5.5 million in 2014. From there, she has engaged designer Lee Stahl of TRH New York to renovate the apartment twice - once to modernize it and better reflect her personal tastes; later in response to damage caused by a fire in a neighboring structure - and raised her son in the home.
In May 2026, Ms. Messing listed the apartment for just under $6.5 million, announcing plans to stay in New York but downsize upon becoming an empty nester. Last week's price reduction brings it down to below $6 million.
-7.7% | -$500,000
3 East 84th Street, #8
$5,995,000
Carnegie Hill | Cooperative | 4 Bedrooms, 4 Baths
3 East 84th Street, #8 (Corcoran Group)
New developments with price reductions
Last week, Downtown Brooklyn condo conversion The Bowen had the most price cuts with five reduced listings. The one- to two-bedroom homes are located in a 13-story building that combines a seven-story brick office building with a glassy six-story addition that nods to Downtown Brooklyn's industrial heritage. It now has 71 apartments, several of which have "flex rooms" and/or private outdoor space, and over 6,000 square feet of amenities that include a fitness center, interconnected lounges for coworking and socializing, and a forest-themed children's playroom.
Elsewhere in Brooklyn, Bedford-Stuyvesant boutique condominium 256 Putnam Avenue is a new construction building, but one that makes a contextually sensitive addition to its brownstone block. All four full-floor apartments feature oversized windows, wide-plank hardwood floors, kitchens with custom cabinetry and GE Cafe appliances, spa-inspired primary baths, and private outdoor space. A listing notes that the building is 50 percent sold, and prices have been reduced on the remaining homes.
-12.5% | -$250,000
The Bowen, #9B
$1,750,000
Downtown Brooklyn | Condominium | 2 Bedrooms, 2.5 Baths | 1,035 ft2
The Bowen, #9B (Douglas Elliman Real Estate)
-21.4% | -$310,000
256 Putnam Avenue, #1
$1,139,000
Bedford-Stuyvesant | Condominium | 2 Bedrooms, 2 Baths | 1,686 ft2
256 Putnam Avenue, #1 (Laffey Real Estate NYC LLC)
Recently Reduced Listings
Would you like to tour any of these properties?
Just complete the info below.
Or call us at (212) 755-5544
-10.6% | -$1,005,000
83 Spring Street, #3
$8,495,000
SoHo | Condominium | 4 Bedrooms, 6+ Baths | 3,806 ft2
83 Spring Street, #3 (Serhant)
-3.3% | -$270,000
130 William, #PH62A
$7,980,000
Financial District | Condominium | 3 Bedrooms, 3.5 Baths | 2,542 ft2
130 William, #PH62A (Douglas Elliman Real Estate)
-10.2% | -$900,000
520 West 28th Street, #29
$7,900,000
Chelsea | Condominium | 3 Bedrooms, 3.5 Baths | 2,905 ft2
520 West 28th Street, #29 (Corcoran Group)
-4.4% | -$350,000
56 Leonard Street, #33BW
$7,650,000
Tribeca | Condominium | 3 Bedrooms, 3.5 Baths | 2,177 ft2
56 Leonard Street, #33BW (Douglas Elliman Real Estate)
-6.5% | -$455,000
408 Henry Street, #TH
$6,495,000
Cobble Hill | Townhouse | 6+ Bedrooms, 3.5 Baths | 5,704 ft2
408 Henry Street, #TH (Brown Harris Stevens Brooklyn LLC)
-6.7% | -$395,000
One Central Park West, #36C
$5,500,000
Central Park West | Condominium | 2 Bedrooms, 2.5 Baths | 1,595 ft2
One Central Park West, #36C (Douglas Elliman Real Estate)
-6.5% | -$375,000
35 Hudson Yards, #5604
$5,375,000
Midtown West | Condominium | 3 Bedrooms, 3.5 Baths | 2,652 ft2
35 Hudson Yards, #5604 (Compass)
-5.0% | -$200,000
29 East 64th Street, #7B
$3,799,000
Park/Fifth Ave. to 79th St. | Cooperative | 3 Bedrooms, 3 Baths | 2,000 ft2
29 East 64th Street, #7B (Compass)
-1.7% | -$46,000
260 Park Avenue South, #9I
$2,599,000
Flatiron/Union Square | Condominium | 2 Bedrooms, 2.5 Baths | 1,330 ft2
260 Park Avenue South, #9I (THE GORA GROUP LLC)
-12.0% | -$300,000
190 Columbia Heights, #4
$2,200,000
Brooklyn Heights | Cooperative | 2 Bedrooms, 2 Baths
190 Columbia Heights, #4 (Brown Harris Stevens Brooklyn LLC)
-34.0% | -$850,000
144 West 27th Street, #10F
$1,650,000
Chelsea | Condominium | 2 Bedrooms, 2 Baths | 1,822 ft2
144 West 27th Street, #10F (Brown Harris Stevens Brooklyn LLC)
-8.9% | -$125,000
430 East 57th Street, #5C
$1,275,000
Beekman/Sutton Place | Cooperative | 2 Bedrooms, 2 Baths
430 East 57th Street, #5C (Brown Harris Stevens Residential Sales LLC)
-5.9% | -$80,000
287 East Houston Street, #7B
$1,270,000
Lower East Side | Condominium | 1 Bedroom, 1 Bath | 750 ft2
287 East Houston Street, #7B (Douglas Elliman Real Estate)
-8.4% | -$101,000
300 East 64th Street, #8C
$1,099,000
Lenox Hill | Condominium | 1 Bedroom, 1 Bath | 670 ft2
300 East 64th Street, #8C (POWERED BY DMT LLC)
-21.5% | -$300,000
The Hit Factory, #5F
$1,095,000
Midtown West | Condominium | 1 Bedroom, 2 Baths | 1,021 ft2
The Hit Factory, #5F (Coldwell Banker Warburg)
-16.0% | -$200,100
31 West 16th Street, #2
$1,049,900
Chelsea | Cooperative | 1 Bedroom, 1 Bath
31 West 16th Street, #2 (Compass)
-11.4% | -$125,000
211 Thompson Street, #PH-6E
$974,900
Greenwich Village | Cooperative | 1 Bedroom, 1.5 Baths
211 Thompson Street, #PH-6E (Realty De Tilly NY LLC)
The John Murray House, #6B (Weichert Properties)
The Toulaine, #22H (Brown Harris Stevens Residential Sales LLC)
-4.5% | -$35,000
Murray Hill Terrace, #9F
$750,000
Murray Hill | Condominium | 2 Bedrooms, 1 Bath | 800 ft2
Murray Hill Terrace, #9F (Brown Harris Stevens Queens LLC)
-6.7% | -$50,000
35 Park Avenue, #5J
$699,000
Murray Hill | Cooperative | 1 Bedroom, 1 Bath | 963 ft2
35 Park Avenue, #5J (Sothebys International Realty)
59 West 90th Street, #1F (Compass)
-4.0% | -$24,000
332 West 101st Street, #4F
$575,000
Riverside Dr./West End Ave. | Cooperative | 1 Bedroom, 1 Bath
332 West 101st Street, #4F (Compass)
-15.5% | -$100,500
The Armory, #7N
$549,500
Midtown West | Condop | 1 Bedroom, 1 Bath | 975 ft2
The Armory, #7N (Compass)
-11.0% | -$60,000
Eastgate, #1A
$485,000
Lenox Hill | Cooperative | Studio, 1 Bath
Eastgate, #1A (Compass)
-5.2% | -$21,000
The Cherokee, #6K
$379,000
Lenox Hill | Cooperative | 1 Bedroom, 1 Bath
The Cherokee, #6K (Compass)
6sqft delivers the latest on real estate, architecture, and design, straight from New York City.