Price Cuts: Five-bed at The Dakota slashed by $1.5M; Katharine Hepburn's Turtle Bay townhouse reduced

By CityRealty Staff | From Future New York Wednesday, May 7, 2025

244 East 49th Street, #TH (Sotheby's International Realty); Katharine Hepburn (Katharine_hepburn_woman_of_the_year.jpg: Metro-Goldwyn-Mayer (work for hire)derivative work: Lobo512 (talk) - This file was derived from: Katharine hepburn woman of the year.jpg:, Public Domain, https://commons.wikimedia.org/w/index.php?)

Spring selling season is off to a sluggish start in much of the United States, but New York City's sales market has held relatively steady year-over-year. However, it may not be totally immune to market vicissitudes; CityReal sales data found that Manhattan prices are starting to cool. It is against this backdrop that approximately 300 condos, co-ops, condops, and townhouses in core New York City areas that experienced price reductions from April 29 - May 5, 2025.

These included a massive spread at The Dakota, one of New York City's most famous and prestigious cooperatives. Residence #84 was initially listed for $39,000,000 in March 2016, but went off the market less than a year later. It was relisted in September 2024, and the most recent price reduction brings it down to $17,500,000.

The Dakota is well known for its discerning board and celebrity residents, but that is not enough privacy for some high-profile figures. A case in point is Katharine Hepburn - the Academy Award-winning actress kept a townhouse in the Turtle Bay Gardens enclave as her New York City residence until her death in 2003 (h/t Crain's New York Business). Nearly 100 years after she purchased it, the current owner put it on the market for $7,200,000 in May 2024. However, its illustrious history and serene location have not moved buyers, and a price cut brings it down to $6,925,000.

As an aside, the price reduction at Ms. Hepburn's house comes amidst a veritable changing of the guard in Turtle Bay Gardens. Directly next door to Ms. Hepburn, a townhouse owned by acclaimed composer Stephen Sondheim until his death sold for an even $7,000,000 in November 2023. More recently, in late February 2025, a townhouse once owned by Bob Dylan entered contract with a $7,250,000 ask.

Views of the East River from 1 East End Avenue, #PHC (Olshan Realty Inc.)

A similar changing of the guard may be playing out along East End Avenue. Roughly around the time former Good Morning America host Charles Gibson and his wife, former Spence School headmistress Arlene Gibson, offloaded their East End Avenue penthouse (h/t Crain's New York Business), four apartments on the avenue experienced price reductions. This stretch described as "the suburb of the Upper East Side" is home to white-glove cooperatives and amenity-rich condominiums alike, but the avenues to the west have seen an influx of new development condos and rentals with more convenient access to schools, retail, restaurants, and the Second Avenue subway that made the area more accessible.

These listings are among a selection of notable reductions, as well as a full chart of last week's cuts, that may be found below. Please be advised that all quoted figures reflect cumulative price cuts as opposed to the most recent reductions.

-14.3% | $5,000,000

4 East 66th Street, #3
$30,000,000

Park/Fifth Ave. to 79th St. | Cooperative | 5 Bedrooms, 6+ Baths

4 East 66th Street, #3 (Brown Harris Stevens Residential Sales LLC)

From the Listing: Magnificent, mint condition full floor residence renovated by world-renowned architect and interior designer, Peter Marino, using the finest luxury materials and craftsmanship. The elevator opens to a private landing and onto a grand 37' gallery with three enormous south-facing windows that flows into the majestic living room and library, both with 12' ceilings, wood-burning fireplaces, and glorious Central Park views. See floor plan and full details here.

-7.9% | $1,500,000

The Dakota, #84
$17,500,000

Central Park West | Cooperative | 5 Bedrooms, 6+ Baths | 6,000 ft²

The Dakota, #84 (Douglas Elliman Real Estate)

From the Listing: As you enter this magnificent residence, you are embraced by the grandeur and timeless charm that only The Dakota can offer. Soaring 11+ foot ceilings and intricate period details set the stage for luxurious living. The living areas are designed to capture the essence of sophisticated city living, capturing breathtaking views of Central Park and the skyline beyond from the iconic windows of The Dakota's pitched-roof dormers. See floor plan and full details here.

-16.3% | $3,100,000

895 Park Avenue, #PHC
$15,900,000

Park/Fifth Ave. to 79th St. | Cooperative | 6+ Bedrooms, 5.5 Baths

895 Park Avenue, #PHC (Corcoran Group)

From the Listing: Perfectly positioned atop a premier prewar co-operative, this palatial duplex penthouse epitomizes unparalleled luxury with impeccably proportioned spaces, perfect for sophisticated entertaining and everyday living. All of the entertaining rooms have French doors opening onto an expansive wrap terrace. The lush, landscaped terrace envelops three sides of the residence, providing the perfect space for alfresco entertaining amidst serene surroundings. See floor plan and full details here.

-5.9% | -$505,000

53 West 53, #24A
$7,995,000

Midtown West | Condominium | 2 Bedrooms, 2.5 Baths | 3,131 ft²

53 West 53, #24A (Douglas Elliman Real Estate)

From the Listing: This expansive residence at 53W53 has been meticulously redesigned for those who seek both sophistication and ease. Upon entry, you're welcomed by rich wood paneling that adds warmth and character to the living area. Floor-to-ceiling windows flood the space with natural light and frame stunning north and east views, creating an inviting atmosphere ideal for both relaxation and entertaining. The kitchen, designed by Thierry Despont for Molteni, is as stylish as it is functional. See floor plan and full details here.

Would you like to tour any of these properties?

Just complete the info below.

-3.8% | -$275,000

244 East 49th Street, #TH
$6,925,000

Turtle Bay/United Nations | Townhouse | 4 Bedrooms, 3.5 Baths | 4,560 ft²

244 East 49th Street, #TH (Sothebys International Realty)

From the Listing: The epitome of New York glamour defines this gorgeous 19-foot-wide townhouse, which seamlessly blends the home’s special architectural character with modern sensibilities. Boasting graciously scaled rooms, 6 fireplaces, approximately 4,600 square feet of meticulously finished interior space, and an enchanting 1,000 square foot south-facing rear garden, this gracious home stands four stories high with 4 bedrooms and 3.5 baths. Published in design magazines, this 1899-built house has been masterfully restored and renovated and praised for its elegant interiors and carefully selected luxury furnishings. See floor plan and full details here.

-29.5% | -$2,200,000

1 East End Avenue, #PHC
$5,250,000

Yorkville | Cooperative | 6+ Bedrooms, 4.5 Baths | 6,030 ft²

1 East End Avenue, #PHC (Olshan Realty Inc)

From the Listing: Prewar triplex penthouse is surrounded by 2 landscaped wraparound terraces that total over an estimated 2,500 square feet. This stately residence has served as the home of Ireland's Ambassador to the United Nations since 1957. The co-op includes 6 bedrooms, a formal dining room, library, a den, an office, 2 kitchens, a breakfast room, 2 fireplaces, 4 bathrooms and 2 powder rooms. The primary suite has a dressing room---all overlooking the water. See floor plan and full details here.

-7.7% | -$400,000

130 William, #LOGGIA59B
$4,799,999

Financial District | Condominium | 2 Bedrooms, 2.5 Baths | 1,509 ft²

130 William, #LOGGIA59B (Corcoran Group)

From the Listing: Perched high above the city, this impeccably crafted penthouse offers awe-inspiring, panoramic views of Downtown Manhattan. From the moment you step inside, you are enveloped in an ambiance of sophistication, framed by grand arched windows, an expansive living and dining area, and the striking bronze-detailed loggia. A highlight of the residence is the spectacular private loggia terrace, seamlessly extending from the great room and both bedrooms to offer an unrivaled indoor-outdoor lifestyle. See floor plan and full details here.

-16.6% | -$845,000

136 East 79th Street, #7A
$4,250,000

Park/Fifth Ave. to 79th St. | Cooperative | 4 Bedrooms, 3 Baths

136 East 79th Street, #7A (Brown Harris Stevens Residential Sales LLC)

From the Listing: This exclusive and elegant residence offers a rare blend of luxury, comfort, and convenience for discerning buyers looking to call one of NYC's most coveted neighborhoods their home. The apartment is in excellent condition and spans an airy and bright layout with north and east exposures, making it a sun-drenched sanctuary. The expansive living room, with two stunning floor-to-ceiling windows and a wood-burning fireplace, connects seamlessly to an inviting library, and a generous dining room ideal for entertaining. See floor plan and full details here.

-20% | -$999,910

D'Arte House, #8
$3,999,990

Tribeca | Condominium | 3 Bedrooms, 2 Baths | 2,810 ft²

D'Arte House, #8 (Realty De Tilly NY LLC)

From the Listing: Experience luxury living in this full-floor Tribeca loft, located in a boutique doorman building in one of Manhattan most exclusive and serene neighborhoods. Step off the keyed elevator into a spacious entry foyer that leads to a magnificent Great Room. Floor-to-ceiling glass windows open to the western terrace, filling the space with natural light and stunning views. The open kitchen, complete with a breakfast bar, is designed for both entertaining and everyday living. See floor plan and full details here.

-17.6% | -$749,999

120 East End Avenue, #3C
$3,500,000

Yorkville | Cooperative | 4 Bedrooms, 4 Baths

120 East End Avenue, #3C (Douglas Elliman Real Estate)

From the Listing: 120 East End Ave is one of the premier white glove residential buildings around Carl Schurz Park. This spectacular apartment with well-proportioned rooms features 10' ceilings, floor to ceiling windows, south, west and north exposures and hardwood floors throughout. A private elevator landing opens to a 19' gracious gallery that leads to all entertaining rooms. The oversized south facing living room has three floor-to-ceiling windows, beautiful treelined views, wood burning fireplace and herringbone hardwood floors. Storage transfers with the unit. See floor plan and full details here.

-14.4% | -$575,000

The Columbus Townhouses, #34A
$3,425,000

Broadway Corridor | Condominium | 3 Bedrooms, 3 Baths | 2,086 ft²

The Columbus Townhouses, #34A (Douglas Elliman Real Estate)

From the Listing: Exceptional duplex condo offers contemporary townhouse living on the Upper West Side with light-filled rooms, high ceilings, and a private roof deck. Upon entry, you'll be amazed by a soaring 24-foot ceiling and expansive open living/dining room ideal for entertaining or a quiet evening indoors. The space features a modern gas fireplace, built-in speakers, a balcony overlooking gardens, and plenty of opportunities to display art. scending the architectural glass-paneled staircase, you have the primary bedroom with an overlook of the skylight and dining area below. See floor plan and full details here.

-6.7% | -$200,000

The Grand Sutton, #PH
$2,399,000

Beekman/Sutton Place | Condop | 3 Bedrooms, 3 Baths | 2,100 ft²

The Grand Sutton, #PH (Compass)

From the Listing: Experience breathtaking city and river views from every room of this stunning duplex penthouse. Step inside through a welcoming foyer that leads to the living room, dining area, windowed kitchen, three bedrooms, and three bathrooms. The custom-built Lucite and wood curved staircase leads to a spacious windowed great room that opens to two terraces. Motivated seller! See floor plan and full details here.

-26.7% | -$800,000

84 Sixth Avenue, #2
$2,195,000

Park Slope | Condominium | 2 Bedrooms, 2 Baths | 1,139 ft²

84 Sixth Avenue, #2 (Compass)

From the Listing: Historic charm meets modern comfort in this pristine home, encompassing the full parlor floor of a boutique 4-unit condominium. With 2 bedrooms, 2 full bathrooms, a kitchen/dining/living great room, and a home office space, it is perfect for those seeking a blend of style and functionality. The entire apartment is accentuated by extra tall ceilings, providing ample natural light and creating an inviting ambiance. Large private storage unit is included. See floor plan and full details here.

-12% | -$300,000

242 Lafayette Street, #2N
$2,195,000

SoHo | Cooperative | 1 Bedroom, 1 Bath | 1,340 ft²

242 Lafayette Street, #2N (Douglas Elliman Real Estate)

From the Listing: Simply put, this is the perfect loft, from the soaring tin ceilings, exposed and painted brick, brushed steel doors, walls of built-ins, and huge windows with two sunny exposures. The peaceful bedroom has fabulous closets, and the luxurious bathroom has exposed brick, an oversized glass-enclosed stall shower with subway tile, and a quartz-topped vanity. The sleek new kitchen has an open breakfast bar, white quartz countertops, an abundance of cabinets, and top-of-the-line stainless steel appliances. See floor plan and full details here.

-8.5% | -$140,000

The Level Club, #2G
$1,500,000

Broadway Corridor | Condominium | 2 Bedrooms, 2 Baths | 1,263 ft²

The Level Club, #2G (Brown Harris Stevens Residential Sales LLC)

From the Listing: Discover a piece of New York City history with this stunning pre-war duplex that blends classic architectural elegance with modern luxury. Exploring the living room one is struck by the loft-like feel highlighted by a soaring double-height ceiling, gorgeous hardwood floors and a bright western exposure framing a peaceful green courtyard. Entering the expansive chef's kitchen you discover a large island with breakfast bar seating for four, extensive countertops, exquisite and abundant millwork and top-of-the-line appliances. See floor plan and full details here.

-17.5% | -$276,000

Four Fifty Grand, #4A
$1,299,000

Clinton Hill | Condominium | 2 Bedrooms, 2 Baths | 951 ft²

Four Fifty Grand, #4A (Serhant)

From the Listing: From the moment you step inside Residence 4A, you're welcomed by soaring 10-foot ceilings and expansive floor-to-ceiling glass windows that frame tranquil north-facing views. Sunlight gently bathes the interiors, highlighting the elegance of European white oak flooring and the timeless craftsmanship of solid wood interior doors, creating a harmonious blend of warmth and sophistication. The open-concept living and dining area seamlessly flows into the chef's kitchen, a true centerpiece of design and functionality. See floor plan and full details here.

-16.7% | -$145,000

870 United Nations Plaza, #7B
$725,000

Beekman/Sutton Place | Cooperative | 1 Bedroom, 1 Bath

870 United Nations Plaza, #7B (Corcoran Group)

From the Listing: This large corner one-bed in the highly sought-after 870 United Nations Plaza has both west and north exposures and is bathed in all-day natural light. A welcoming and spacious foyer adds a touch of elegance, just before entering an over-sized dining and living area. Entertain with ease, while taking in the night-time skyline of the city.

Maintenance includes electric, gas, cable and internet, as well as window-washing. The beautiful, unique Waterford chandelier in the entry is also included with the purchase. The unit transfers with a large storage space at no extra cost. See floor plan and full details here.

-5% | -$35,000

118 Suffolk Street, #3A
$665,000

Lower East Side | Cooperative | 1 Bedroom, 1 Bath

118 Suffolk Street, #3A (Compass)

From the Listing: Located in the prime Lower East Side, this former two-bedroom was opened to a roomy one-bedroom plus dining room or home office. The renovated kitchen features a Blomberg dishwasher as well as an LG washing machine and dryer. Preserved pre-war details include exposed brick and rich hardwood floors. See floor plan and full details here.

-11.3% | -$75,999

The Halloran, #2J
$599,000

Greenwich Village | Cooperative | Studio, 1 Bath | 475 ft²

The Halloran, #2J (Brown Harris Stevens Residential Sales LLC)

From the Listing: Located in the heart of the charming and picturesque West Village, Residence #2J is a renovated loft-like studio that features oak floors throughout, dramatically high ceilings, three oversized windows, and a bright eastern exposure. The modern kitchen features a breakfast bar, white quartz countertops and stainless-steel appliances (including a built-in microwave and dishwasher). Option to be delivered furnished at no additional cost. See floor plan and full details here.

-14.7% | -$69,999

St. George Tower, #18M
$405,000

Brooklyn Heights | Cooperative | Studio, 1 Bath

St. George Tower, #18M (Compass)

From the Listing: Natural light flows into this studio from your open eastern city views that showcase the Downtown Brooklyn skyline. Structural ceiling beams create a dramatic impact that is softened and warmed by hardwood floors. Two different closet and storage areas provide ample space for your clothes and other items.

Two wall-mounted televisions have been added to provide variable entertainment options. Seller to pay maintenance fees for the remainder of 2025. See floor plan and full details here.

Would you like to tour any of these properties?

This is your member's center

In this article:

-14.3% | $5,000,000

4 East 66th Street, #3
$30,000,000

-7.9% | $1,500,000

The Dakota, #84
$17,500,000

-16.3% | $3,100,000

895 Park Avenue, #PHC
$15,900,000

-5.9% | -$505,000

53 West 53, #24A
$7,995,000

Select which properties are of interest to you:

-3.8% | -$275,000

244 East 49th Street, #TH
$6,925,000

-29.5% | -$2,200,000

1 East End Avenue, #PHC
$5,250,000

-7.7% | -$400,000

130 William, #LOGGIA59B
$4,799,999

-16.6% | -$845,000

136 East 79th Street, #7A
$4,250,000

-20% | -$999,910

D'Arte House, #8
$3,999,990

-17.6% | -$749,999

120 East End Avenue, #3C
$3,500,000

-14.4% | -$575,000

The Columbus Townhouses, #34A
$3,425,000

-6.7% | -$200,000

The Grand Sutton, #PH
$2,399,000

-26.7% | -$800,000

84 Sixth Avenue, #2
$2,195,000

-12% | -$300,000

242 Lafayette Street, #2N
$2,195,000

-8.5% | -$140,000

The Level Club, #2G
$1,500,000

-17.5% | -$276,000

Four Fifty Grand, #4A
$1,299,000

-16.7% | -$145,000

870 United Nations Plaza, #7B
$725,000

-5% | -$35,000

118 Suffolk Street, #3A
$665,000

-11.3% | -$75,999

The Halloran, #2J
$599,000

-14.7% | -$69,999

St. George Tower, #18M
$405,000

This is your member's center

In this article:

-14.3% | $5,000,000 4 East 66th Street, #3$30,000,000

-7.9% | $1,500,000 The Dakota, #84$17,500,000

-16.3% | $3,100,000 895 Park Avenue, #PHC$15,900,000

-5.9% | -$505,000 53 West 53, #24A$7,995,000

Select which properties are of interest to you:

-3.8% | -$275,000 244 East 49th Street, #TH$6,925,000

-29.5% | -$2,200,000 1 East End Avenue, #PHC$5,250,000

-7.7% | -$400,000 130 William, #LOGGIA59B$4,799,999

-16.6% | -$845,000 136 East 79th Street, #7A$4,250,000

-20% | -$999,910 D'Arte House, #8$3,999,990

-17.6% | -$749,999 120 East End Avenue, #3C$3,500,000

-14.4% | -$575,000 The Columbus Townhouses, #34A$3,425,000

-6.7% | -$200,000 The Grand Sutton, #PH$2,399,000

-26.7% | -$800,000 84 Sixth Avenue, #2$2,195,000

-12% | -$300,000 242 Lafayette Street, #2N$2,195,000

-8.5% | -$140,000 The Level Club, #2G$1,500,000

-17.5% | -$276,000 Four Fifty Grand, #4A$1,299,000

-16.7% | -$145,000 870 United Nations Plaza, #7B$725,000

-5% | -$35,000 118 Suffolk Street, #3A$665,000

-11.3% | -$75,999 The Halloran, #2J$599,000

-14.7% | -$69,999 St. George Tower, #18M$405,000

Select which properties are of interest to you:

Listings in this article

Tags:

Related Articles

Buy & Sell

Rent

Buildings

Insights

Company

-14.3% | $5,000,000

4 East 66th Street, #3
$30,000,000

-7.9% | $1,500,000

The Dakota, #84
$17,500,000

-16.3% | $3,100,000

895 Park Avenue, #PHC
$15,900,000

-5.9% | -$505,000

53 West 53, #24A
$7,995,000

-3.8% | -$275,000

244 East 49th Street, #TH
$6,925,000

-29.5% | -$2,200,000

1 East End Avenue, #PHC
$5,250,000

-7.7% | -$400,000

130 William, #LOGGIA59B
$4,799,999

-16.6% | -$845,000

136 East 79th Street, #7A
$4,250,000

-20% | -$999,910

D'Arte House, #8
$3,999,990

-17.6% | -$749,999

120 East End Avenue, #3C
$3,500,000

-14.4% | -$575,000

The Columbus Townhouses, #34A
$3,425,000

-6.7% | -$200,000

The Grand Sutton, #PH
$2,399,000

-26.7% | -$800,000

84 Sixth Avenue, #2
$2,195,000

-12% | -$300,000

242 Lafayette Street, #2N
$2,195,000

-8.5% | -$140,000

The Level Club, #2G
$1,500,000

-17.5% | -$276,000

Four Fifty Grand, #4A
$1,299,000

-16.7% | -$145,000

870 United Nations Plaza, #7B
$725,000

-5% | -$35,000

118 Suffolk Street, #3A
$665,000

-11.3% | -$75,999

The Halloran, #2J
$599,000

-14.7% | -$69,999

St. George Tower, #18M
$405,000