Price Cuts: Ex-prez of DC Comics slashes price of Strivers' Row home; Sponsor FiDi condos see bigger discounts and incentives

Wednesday, Jul 31, 2024 By CityRealty Staff, CityRealty contributor

Over the past several years, the Financial District has evolved from a business neighborhood to a live-work-play environment between the Seaport's renaissance, new downtown outposts of the city's hottest restaurants and retail, and the opening of Perelman Performing Arts Center. It has also seen significant residential development; several Lower Manhattan office buildings were converted to residences years before the prospect would dominate conversations throughout New York, and eye-catching new buildings have taken their place in the new Lower Manhattan skyline.

However, there may be more luxury condos in the Financial District than buyers interested in living in them. Amidst sluggish sales (it is only 19% sold), One Wall Street, the landmarked residential conversion of the former Irving Trust Company headquarters, switched brokerages for the second time earlier this spring. More recently, the building introduced a limited-time buyer incentive of sponsor-paid transfer taxes and 12 months free common charges.

Some industry insiders attribute One Wall Street's difficulties to the challenge of turning office floor plates into livable homes (h/t The Real Deal), but new construction condo 77 Greenwich Street is also struggling. Sales launched in spring 2019; since then, it has rebranded, changed brokerages more than once, and offered broker and buyer incentives, the latest being 24 months of free common charges on all contracts signed by September 2, 2024. However, the building remains just shy of 50% sold, and three sponsor units had their prices reduced.

Also of note last week, publishing trailblazer turned film producer Jenette Kahn reduced the price of her townhouse on Strivers’ Row in Harlem. Well into her tenure as president/editor-in-chief at DC Comics, a time when she revitalized the comic book publisher and oversaw a period of reinvention of classic characters, she bought the circa-1891 house and spent the next seven years on an extensive renovation she would document in a book. She has since left DC Comics to pivot to producing, announced plans to make her Connecticut lake house her permanent home, and listed the townhouse for $3,250,000 in April 2023. As July 2024 draws to a close, the price was cut to $2,495,000. However, she still stands to make a hefty profit, having paid $464,000 for it in 1996 and, by her own estimation, put roughly the same amount into her renovation.

Inside Jenette Kahn's Harlem townhouse

The Harlem townhouse and the Downtown listings were among approximately 230 condo, co-op, condop, and townhouse listings throughout New York City experienced price reductions from July 23-30, 2024. A selection of notable listings may be seen below, as well as a full chart that can be organized by neighborhood. Please be advised that all quoted figures reflect cumulative price cuts as opposed to the most recent reductions.

-13.2% | -$76,000

Smithsonian Place, #202
$499,000

Harlem | Condominium | 1 Bedroom, 1 Bath | 542 ft²

Smithsonian Place, #202 (Douglas Elliman Real Estate)

From the Listing: Residence #202 is a 542-square-foot one-bedroom and one-bathroom, offering incredible value for the space and the quality. Crisp detailing and calm colors merge effortlessly with the warmth of the late 19th-century architecture. Expansive double-glazed casement windows saturate each home with natural light, typical ceiling heights from 9 to 10 feet, white oak hardwood flooring, fitted bedroom closet, and washer/dryer cabinet. See floor plan and full details here.

-9.3% | -$65,000

Madison Court, #501
$635,000

East Harlem | Cooperative | 2 Bedrooms, 2 Baths | 829 ft²

Madison Court, #501 (POLJAN PROPERTIES INC)

From the Listing: Western facing and located on the fifth floor, Residence #501 has phenomenal city views and lovely sunsets. Renovated just a few years ago, this home is thoughtfully designed with an open-kitchen and split bedroom layout. The kitchen comes with a big breakfast counter that comfortably seats four; tailor-made, soft-close cabinetry; pull-out pantry, and under-cabinet lighting. The primary bedroom comfortably fits a king-sized bed and a full-height, armoire/storage system, to complement the already gracious walk-in closet. See floor plan and full details here.

-7.7% | -$60,000

District, #309
$715,000

Financial District | Condominium | Studio, 1 Bath | 698 ft²

District, #309 (Compass)

From the Listing: Spacious alcove studio boasts extensive built-ins and storage. There is an open layout for living and dining and a sleek kitchen. Large windows and high ceilings are a great feature of this unit. The building offers a beautiful roof terrace, gym, pool, and hot tubs. The unit comes with a large storage unit. See floor plan and full details here.

-17.9% | -$201,000

Tower 58, #8B
$949,000

Midtown West | Condominium | 1 Bedroom, 1 Bath | 754 ft²

Tower 58, #8B (Medow Property Group Ltd)

From the Listing: Welcome to the epitome of city living at this inviting one-bedroom condo in the heart of Billionaire's Row. The grand, airy over-sized living room measures almost 15 feet wide. The kitchen features a Viking stove with convection oven and a custom butler's door. Just outside the kitchen is the elegant dining foyer spacious enough for your most exciting dinner parties. See full details here.

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-18.5% | -$250,000

Trump Parc East, #3E
$1,100,000

Midtown West | Condominium | 2 Bedrooms, 2 Baths | 1,009 ft²

Trump Parc East, #3E (Compass)

From the Listing: Residence #3E is pin-drop quiet providing a serene and comfortable living environment with split bedrooms, a spacious living room plus dining area and fully renovated kitchen with Viking and Bosch appliances. Additional features include two full marble windowed bathrooms, Brazilian herringbone wood floors, high beamed ceilings, custom lighting, electric shades and fabulous custom closet space throughout. See floor plan and full details here.

20 Sutton Place South, #8D
$1,495,000 (-14.6%)

Beekman/Sutton Place | Cooperative | 3 Bedrooms, 3 Baths

20 Sutton Place South, #8D (Douglas Elliman Real Estate)

From the Listing: Welcome to 8D at 20 Sutton Place South, a thoughtfully renovated 2 bedroom, 3 bathroom + staff room/ home office in esteemed Sutton Place. Enter this home through the foyer that leads to an elegant entry gallery boasting copious storage space. The oversized living room can accommodate a separate dining area and is complete with a decorative fireplace and offers three exposures (North, East and West) as well as partial river views.There is a formal dining room which currently serves as a third bedroom.The windowed kitchen hosts a suite of top-of-the-line GE Profile appliances as well as ample counter space and a washer/dryer. See floor plan and full details here.

-14.5% | -$254,000

77 Greenwich Street, #25B
$1,495,000

Financial District | Condominium | 1 Bedroom, 2 Baths | 842 ft²

77 Greenwich Street, #25B (Christies International Real Estate Group LLC)

From the Listing: This brand new one-bedroom home includes floor-to-ceiling crystalline glass windows allowing for an abundance of natural light, stunning water views and soaring ceilings of close to 11 feet. The gracious entryway features custom millwork and stone flooring. A separate guest powder room features a custom Calacatta Lincoln marble sink and feature wall. The Deborah Berke custom designed European Poliform kitchen is equipped with an elegant, honed Blue de Savoie marble countertop and backsplash, Grohe faucets, and fully-integrated top of the line appliances. Sponsor now offering 24 months free common charges for contracts signed by September 2, 2024. See floor plan and full details here.

-13.8% | -$255,000

40 Broad Street Condominium, #PH3F
$1,595,000

Financial District | Condominium | 2 Bedrooms, 2.5 Baths | 1,322 ft²

40 Broad Street Condominium, #PH3F (Corcoran Group)

From the Listing: Gorgeous two-bedroom penthouse boasts a beautiful L-shaped kitchen, bright living area with dark wood sliding doors opening to second bedroom, oversized primary bedroom with walk-in closet, and five-fixture bath with double vanity sinks. Additional features include 11-foot ceilings, oversized windows for brilliant natural light, tasteful Brazilian Walnut floors with Basaltito black granite borders and a Bosch washer/dryer. See floor plan and full details here.

-10.8% | -$205,000

205 14th Street, #PHL
$1,695,000

Park Slope | Condominium | 2 Bedrooms, 2 Baths | 1,033 ft²

205 14th Street, #PHL (Nest Seekers LLC)

From the Listing: Beneath a regal limestone facade built over a century ago, this one-of-a-kind home spans over 1,000 square feet and boasts a private rooftop terrace and stylish contemporary finishes. The home begins with an expansive open-plan living room, dining room, and kitchen with soaring ceilings and wide plank white oak floors. The rooftop terrace allows for grand outdoor entertaining, alfresco dining, grilling, and more. See floor plan and full details here.

-12.7% | -$260,000

One Wall Street, #2513
$1,795,000

Financial District | Condominium | 1 Bedroom, 1 Bath | 832 ft²

One Wall Street, #2513 (One Wall Street Sales LLC)

From the Listing: Residence #2513 is a 832-square-foot one-bedroom with a private terrace within One Wall Street. Located in the east side of the building, this home offers natural light, and ample closet space. The custom kitchen and baths pair seamless technology with classic elegance. Interiors boast ceiling heights over ten feet throughout with wide-plank French Oak hardwood floors underfoot. Limited time buyer incentive of sponsor-paid transfer taxes and 12 months free common charges. See floor plan and full details here.

-9.8% | -$250,000

Downtown by Starck, #3200
$2,300,000

Financial District | Condominium | 2 Bedrooms, 2 Baths | 1,922 ft²

Downtown by Starck, #3200 (Compass)

From the Listing: Apartment 3200 boasts a spacious, open layout and has been upgraded to the highest standards, making it move-in ready for its future owner. Beautiful wide-plank oak flooring and upgraded lighting enhance the large great room. The kitchen has been completely renovated and features top-of-the-line appliances including a Bosch oven and cooktop and Sub-Zero refrigerator, and wine refrigerator. The massive primary bedroom boasts an impressive wall of custom closets on both sides of the hall. See floor plan and full details here.

1 Fifth Avenue, #4G
$2,450,000 (-17%)

Greenwich Village | Cooperative | 2 Bedrooms, 2 Baths | 1,300 ft²

1 Fifth Avenue, #4G (Ann Weintraub Ltd)

From the Listing: As the largest two-bedroom line at 1 Fifth, this residence exudes unparalleled charm and elegance. Step into this stunning apartment through a large, gracious foyer, where brilliant sunshine pours through four sets of floor-to-ceiling French doors, each opening onto 1927 Juliet balconies facing south towards landmark Washington Mews and Washington Square Park. The two spacious bedrooms are separated by the living room for maximum privacy, complemented by two luxurious marble baths and a well-equipped kitchen with designer appliances. See floor plan and full details here.

-23.2% | -$755,000

234 West 138th Street, #TH
$2,495,000

Harlem | Townhouse | 5 Bedrooms, 3 Baths | 4,900 ft²

234 West 138th Street, #TH (Sothebys International Realty)

From the Listing: 234 West 138th is a rarely-available Georgian Revival-style townhouse in the grandest section of historic Striver’s Row. Long the artfully curated home of trailblazing publisher Jenette Kahn, who helmed DC Comics and MAD Magazine for over 26 years and is now a movie producer. This expansive property features five bedrooms, formal dining room, living room, library, eat-in-kitchen, windowed home office, kitchenette, quiet garden, six fireplaces, exceptional space for storage, and private parking. See floor plan and full details here.

-13.9% | -$445,000

254 Park Avenue South, #PHP
$2,750,000

Flatiron/Union Square | Condominium | 2 Bedrooms, 2 Baths | 1,673 ft²

254 Park Avenue South, #PHP (Douglas Elliman Real Estate)

From the Listing: The final remaining sponsor residence! Penthouse comes complete with a home office and an impressive 550 SF private roof deck. Upon entering, bask in the European-style indoor/outdoor windows with soaring ceilings. An open kitchen, featuring stainless steel appliances peers upon the grand living room providing a wonderful flow for hosting and entertaining. Sitting conveniently beyond the grand room is a home office providing further storage and additional space ideal for working from home. See floor plan and full details here.

The Beaumont, #30C
$2,899,500 (-10.8%)

Lincoln Center | Condominium | 3 Bedrooms, 2.5 Baths | 1,456 ft²

The Beaumont, #30C (Compass)

From the Listing: Residence 30C at The Beaumont is an exquisite high-floor, fully turnkey three-bedroom, two-and-a-half-bathroom apartment. This perfectly laid-out corner home boasts stunning southern and western exposures, offering a private and serene living experience. Thoughtfully renovated with a focus on smart design and modern luxury, this residence features high-end fixtures and breathtaking views. See floor plan and full details here.

-21.9% | -$895,000

200 E 62, #19A
$3,200,000

Lenox Hill | Condominium | 3 Bedrooms, 3 Baths | 1,981 ft²

200 E 62, #19A (Corcoran Group)

From the Listing: With 1,981 square feet of living space and extra-high ceilings, this Upper East Side condo's flexible layout allows for two primary bedrooms with ensuite baths and and a spacious third bedroom. The gracious entry leads to a lovely dining area and oversized, corner living room with sweeping, light filled, north and west views of the city and beautiful sunsets. The open concept chef's kitchen has a window, marble countertops and backsplash, white matte lacquer cabinetry, Miele appliances, wine cooler, and pantry. See floor plan and full details here.

123 Third Avenue, #15A
$3,995,000 (-20%)

East Village | Condominium | 2 Bedrooms, 2.5 Baths | 2,049 ft²

123 Third Avenue, #15A (Brown Harris Stevens Residential Sales LLC)

From the Listing: Enter this one-of-a-kind duplex penthouse and be surrounded by light and panoramic city views. The loft-style lower floor, with walls of glass and 11' high ceilings, offers living room, dining area and kitchen, with three separate entrances to your private paradise: a 950 square foot artfully landscaped wraparound terrace, lined with wisteria, hydrangeas and a Japanese Maple plus water features, an irrigation system and lighting. See floor plan and full details here.

-55.3% | -$4,950,000

210 Central Park South, #23CD
$4,000,000

Midtown West | Cooperative | 2 Bedrooms, 2.5 Baths | 2,250 ft²

210 Central Park South, #23CD (Corcoran Group)

From the Listing: With floor-to-ceiling windows and a massive, 250-square-foot terrace that offer 180-degree panoramic views of Central Park from the 23rd floor, this breathtaking and immaculately designed two-bedroom, three-bath residence offers owners and owners and guests alike the chance to experience the full grandeur of New York City. The home has undergone an almost full renovation over the course of two decades, and now features luxurious marble and hardwood floors, two full marble bathrooms, gorgeous handmade fixtures throughout, and a state-of-the-art Neff Kitchen. Its distinctive design also earned the home featured spotlights by The New York Times and The Wall Street Journal. See floor plan and full details here.

-14.1% | -$700,000

149 East 73rd Street, #2A
$4,250,000

Lenox Hill | Cooperative | 4 Bedrooms, 3.5 Baths | 3,300 ft²

149 East 73rd Street, #2A (Douglas Elliman Real Estate)

From the Listing: Rarely available, gracious, sun-flooded 9-room corner apartment with 4 bedrooms, 3.5 bathrooms, an expansive living room, formal dining room, library, eat-in kitchen and staff room/ home office with en-suite bathroom in coveted white-glove prewar building designed by J.E.R. Carpenter with just 23 residences. Other features include a staff bedroom that can also be utilized as a home-office, with an en-suite bathroom, 9' ceilings throughout, beautiful hardwood floors, oversized windows and central AC. See floor plan and full details here.

-11.2% | -$580,000

551W21, #4A
$4,595,000

Chelsea | Condominium | 2 Bedrooms, 2.5 Baths | 2,113 ft²

551W21, #4A (Corcoran Group)

From the Listing: Inspired by the works of Oscar Niemeyer, Lina Bo Bardi, and Jorge Almeida, no expense was spared in creating this aspirational "Brazilian Modern" designed oasis. Throughout this home, floors have been expertly refinished, and the finest textiles were incorporated throughout the apartment, including top-tier vendors such as Raf Simons, Sandra Jordan, and Holland & Sherry. With extensive built-ins, custom furniture, and some of the most impressive millwork done today, Residence #4A is a special property for the most discerning buyer. See floor plan and full details here.

-11.8% | -$850,000

1228 Madison Avenue, #3
$6,350,000

Carnegie Hill | Cooperative | 4 Bedrooms, 3.5 Baths | 3,136 ft²

1228 Madison Avenue, #3 (Compass)

From the Listing: Residence Three is a 4-bedroom, 3.5-bathroom home with gracious proportions throughout. A private elevator vestibule leads into the unit, with custom stained white oak chevron flooring throughout the living spaces. The oversized living room is positioned overlooking Madison Avenue, allowing for a truly grand living/dining experience. Accessible via custom pocket doors, the eat-in kitchen features matte white lacquer cabinetry with white oak detailing, honed Calacatta Estremoz countertops and backsplash, and seating at a built-in breakfast counter. See floor plan and full details here.

-20.6% | -$3,600,000

1185 Park Avenue, #16/17F
$13,900,000

Carnegie Hill | Cooperative | 4 Bedrooms, 5.5 Baths | 5,250 ft²

1185 Park Avenue, #16/17F (Douglas Elliman Real Estate)

From the Listing: With the perfect balance of size and comfort, this home, which was once owned by Kitty Carlisle and Moss Hart, feels like a house. Upon entering, you are immediately struck by the double height entrance, staircase and skylight, shedding sunshine throughout the entire apartment. The first floor contains the main living quarters drenched in southern light, and a luxurious curved staircase leads to the four en suite bedrooms, the enormous media room, and three huge terraces. This residence, designed by Stephen Wang, boasts perfectly proportioned rooms for endless entertaining and everyday modern living. See floor plan and full details here.

In this article:

-13.2% | -$76,000

Smithsonian Place, #202
$499,000

-9.3% | -$65,000

Madison Court, #501
$635,000

-7.7% | -$60,000

District, #309
$715,000

-17.9% | -$201,000

Tower 58, #8B
$949,000

Select which properties are of interest to you:

-18.5% | -$250,000

Trump Parc East, #3E
$1,100,000

20 Sutton Place South, #8D
$1,495,000 (-14.6%)

-14.5% | -$254,000

77 Greenwich Street, #25B
$1,495,000

-13.8% | -$255,000

40 Broad Street Condominium, #PH3F
$1,595,000

-10.8% | -$205,000

205 14th Street, #PHL
$1,695,000

-12.7% | -$260,000

One Wall Street, #2513
$1,795,000

-9.8% | -$250,000

Downtown by Starck, #3200
$2,300,000

1 Fifth Avenue, #4G
$2,450,000 (-17%)

-23.2% | -$755,000

234 West 138th Street, #TH
$2,495,000

-13.9% | -$445,000

254 Park Avenue South, #PHP
$2,750,000

The Beaumont, #30C
$2,899,500 (-10.8%)

-21.9% | -$895,000

200 E 62, #19A
$3,200,000

123 Third Avenue, #15A
$3,995,000 (-20%)

-55.3% | -$4,950,000

210 Central Park South, #23CD
$4,000,000

-14.1% | -$700,000

149 East 73rd Street, #2A
$4,250,000

-11.2% | -$580,000

551W21, #4A
$4,595,000

-11.8% | -$850,000

1228 Madison Avenue, #3
$6,350,000

-20.6% | -$3,600,000

1185 Park Avenue, #16/17F
$13,900,000

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In this article:

-13.2% | -$76,000 Smithsonian Place, #202$499,000

-9.3% | -$65,000 Madison Court, #501$635,000

-7.7% | -$60,000 District, #309$715,000

-17.9% | -$201,000 Tower 58, #8B$949,000

Select which properties are of interest to you:

-18.5% | -$250,000 Trump Parc East, #3E$1,100,000

20 Sutton Place South, #8D$1,495,000 (-14.6%)

-14.5% | -$254,000 77 Greenwich Street, #25B$1,495,000

-13.8% | -$255,000 40 Broad Street Condominium, #PH3F$1,595,000

-10.8% | -$205,000 205 14th Street, #PHL$1,695,000

-12.7% | -$260,000 One Wall Street, #2513$1,795,000

-9.8% | -$250,000 Downtown by Starck, #3200$2,300,000

1 Fifth Avenue, #4G$2,450,000 (-17%)

-23.2% | -$755,000 234 West 138th Street, #TH$2,495,000

-13.9% | -$445,000 254 Park Avenue South, #PHP$2,750,000

The Beaumont, #30C$2,899,500 (-10.8%)

-21.9% | -$895,000 200 E 62, #19A$3,200,000

123 Third Avenue, #15A$3,995,000 (-20%)

-55.3% | -$4,950,000 210 Central Park South, #23CD$4,000,000

-14.1% | -$700,000 149 East 73rd Street, #2A$4,250,000

-11.2% | -$580,000 551W21, #4A$4,595,000

-11.8% | -$850,000 1228 Madison Avenue, #3$6,350,000

-20.6% | -$3,600,000 1185 Park Avenue, #16/17F$13,900,000

Related Listings

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Market Data

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-13.2% | -$76,000

Smithsonian Place, #202
$499,000

-9.3% | -$65,000

Madison Court, #501
$635,000

-7.7% | -$60,000

District, #309
$715,000

-17.9% | -$201,000

Tower 58, #8B
$949,000

-18.5% | -$250,000

Trump Parc East, #3E
$1,100,000

20 Sutton Place South, #8D
$1,495,000 (-14.6%)

-14.5% | -$254,000

77 Greenwich Street, #25B
$1,495,000

-13.8% | -$255,000

40 Broad Street Condominium, #PH3F
$1,595,000

-10.8% | -$205,000

205 14th Street, #PHL
$1,695,000

-12.7% | -$260,000

One Wall Street, #2513
$1,795,000

-9.8% | -$250,000

Downtown by Starck, #3200
$2,300,000

1 Fifth Avenue, #4G
$2,450,000 (-17%)

-23.2% | -$755,000

234 West 138th Street, #TH
$2,495,000

-13.9% | -$445,000

254 Park Avenue South, #PHP
$2,750,000

The Beaumont, #30C
$2,899,500 (-10.8%)

-21.9% | -$895,000

200 E 62, #19A
$3,200,000

123 Third Avenue, #15A
$3,995,000 (-20%)

-55.3% | -$4,950,000

210 Central Park South, #23CD
$4,000,000

-14.1% | -$700,000

149 East 73rd Street, #2A
$4,250,000

-11.2% | -$580,000

551W21, #4A
$4,595,000

-11.8% | -$850,000

1228 Madison Avenue, #3
$6,350,000

-20.6% | -$3,600,000

1185 Park Avenue, #16/17F
$13,900,000