From June 2-8, 2026, nearly 450 condos, co-ops, condops, and townhouses experienced price reductions. This is a noticeable week-over-week spike in the number of price reductions; however, the vast majority of cuts were small reductions below 10 percent, possibly aimed at drawing attention to a listing and closing a deal before vacation season heats up.
These included a number of listings in new development condos across Manhattan and Brooklyn. Two price cuts apiece took place at The Brooklyn Grove in Downtown Brooklyn and The Candy Factory in Clinton Hill. Additionally, a floor-through unit at The 74, a high-rise condominium in Lenox Hill, had its price reduced.
In this article:
-3.0% | -$400,000
The 74, #FLOOR26
$12,850,000
Lenox Hill | Condominium | 5 Bedrooms, 4.5 Baths | 3,815 ft2
The 74, #FLOOR26 (Douglas Elliman Real Estate)
Last week's price cuts also included 125 East 65th Street, a Neo-Federalist mansion that served as the 2017 Kips Bay Decorator Showhouse. Designers like Robert A.M. Stern Architects, Billy Cotton, Robert Stilin, Richard Mishaan, and Ken Fulk brought their unique touches to the house's many expansive rooms with original details like beamed ceilings, fireplaces, and herringbone floors for the event that has raised money for the Kips Bay Boys & Girls Club since 1973.
The house was designed by Charles A. Platt in 1904. Over the years, it has only had a handful of owners: Dr. Frederic S. Reed, a founder of Columbia University's Department of Physiology; publishing magnate Henry R. Luce, who gifted it to the China Institute in 1944; and an LLC-identified buyer who paid $14.9 million for it in October 2021. It was listed for $45 million in October 2025, and the latest price reduction brings it down to $36 million.
-20.9% | -$9,500,000
125 East 65th Street, #TH
$36,000,000
Park/Fifth Ave. to 79th St. | Townhouse | 6+ Bedrooms, 6+ Baths | 14,346 ft2
125 East 65th Street, #TH (Serhant)
Also of note, acclaimed designer Karim Rashid reduced the price of his one-bedroom at Hell's Kitchen condo The West Residence Club. He bought it for $1.125 million in February 2024, and listing photos show his signature colorful accents throughout the apartment. However, he did not hold onto it for long, listing it for $1.15 million in March 2026. If it sells for the new, lower price, he will take a loss on it.
-17.4% | -$200,000
The West Residence Club, #1102
$950,000
Midtown West | Condominium | 1 Bedroom, 1 Bath | 664 ft2
The West Residence Club, #1102 (Compass)
A selection of notable listings may be seen below. Please be advised that all quoted figures reflect cumulative price cuts as opposed to the most recent reductions.
Recently reduced listings
-14.9% | -$2,105,000
9 West 84th Street, #TH
$11,995,000
Central Park West | Townhouse | 6+ Bedrooms, 6+ Baths | 6,069 ft2
9 West 84th Street, #TH (Compass)
-8.3% | -$1,000,000
Trump World Tower, #86B
$10,995,000
Turtle Bay/United Nations | Condominium | 4 Bedrooms, 5.5 Baths | 5,425 ft2
Trump World Tower, #86B (Compass)
-13.2% | -$1,250,000
The Opera, #PH
$8,250,000
Broadway Corridor | Cooperative | 5 Bedrooms, 4 Baths
The Opera, #PH (Elegran LLC)
-3.1% | -$245,000
Southmoor House, #6DE
$7,750,000
Midtown West | Condop | 3 Bedrooms, 3 Baths | 2,950 ft2
Southmoor House, #6DE (Compass)
-29.6% | -$2,500,000
27 West 9th Street, #TH
$5,950,000
Greenwich Village | Townhouse | 6+ Bedrooms, 6+ Baths | 5,610 ft2
27 West 9th Street, #TH (Leslie J Garfield & Co Inc)
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-17.3% | -$1,100,000
215 Chrystie Street, #29W
$5,250,000
Lower East Side | Condominium | 2 Bedrooms, 2.5 Baths | 1,977 ft2
215 Chrystie Street, #29W (Compass)
-9.1% | -$500,000
7 East 17th Street, #3S
$4,995,000
Flatiron/Union Square | Condominium | 1 Bedroom, 2 Baths | 2,800 ft2
7 East 17th Street, #3S (Nest Seekers LLC)
-7.0% | -$300,000
The Rushmore, #15B
$3,995,000
Riverside Dr./West End Ave. | Condominium | 3 Bedrooms, 3 Baths | 2,176 ft2
The Rushmore, #15B (Reserve Partners)
716 Broadway, #2 (Compass)
-5.0% | -$200,000
50 Gramercy Park North, #5B
$3,800,000
Gramercy Park | Condop | 3 Bedrooms, 3.5 Baths | 2,729 ft2
50 Gramercy Park North, #5B (Corcoran Group)
-4.9% | -$155,000
The Apthorp, #6LN
$2,995,000
Riverside Dr./West End Ave. | Condominium | 2 Bedrooms, 2 Baths | 1,767 ft2
The Apthorp, #6LN (ENGEL & VOLKERS NEW YORK CITY)
-18.2% | -$545,000
360 East 72nd Street, #A1706/1707
$2,450,000
Lenox Hill | Cooperative | 3 Bedrooms, 2.5 Baths
360 East 72nd Street, #A1706/1707 (Douglas Elliman Real Estate)
-10.0% | -$250,000
190 Columbia Heights, #4
$2,250,000
Brooklyn Heights | Cooperative | 2 Bedrooms, 2 Baths
190 Columbia Heights, #4 (Brown Harris Stevens Brooklyn LLC)
-15.0% | -$300,000
119 Prospect Park West, #1
$1,699,000
Park Slope | Cooperative | 2 Bedrooms, 1.5 Baths
119 Prospect Park West, #1 (Serhant)
-12.5% | -$200,000
15 Dewey Place, #TH
$1,399,000
Bedford-Stuyvesant | Townhouse | 3 Bedrooms, 5 Baths | 2,031 ft2
15 Dewey Place, #TH (Serhant)
-2.2% | -$30,000
The Milk Factory Building, #4C
$1,350,000
Park Slope | Cooperative | 2 Bedrooms, 1 Bath
The Milk Factory Building, #4C (Compass)
-15.7% | -$250,000
3 Hanover Square, #18HJ
$1,345,000
Financial District | Cooperative | 2 Bedrooms, 2 Baths
3 Hanover Square, #18HJ (Compass)
-16.7% | -$225,000
Fort Tryon Gardens, #1C
$1,125,000
Washington Heights | Cooperative | 3 Bedrooms, 3 Baths | 1,625 ft2
Fort Tryon Gardens, #1C (Serhant)
-12.4% | -$155,000
321 West 55th Street, #41
$1,095,000
Midtown West | Cooperative | 2 Bedrooms, 1 Bath
321 West 55th Street, #41 (Compass)
-16.8% | -$201,105
Clinton Lofts, #4D
$998,895
Clinton Hill | Condominium | 1 Bedroom, 1 Bath | 608 ft2
Clinton Lofts, #4D (ALTA Real Estate)
-8.1% | -$60,500
40 Remsen Street, #1
$689,000
Brooklyn Heights | Cooperative | Studio, 1 Bath | 698 ft2
40 Remsen Street, #1 (Brown Harris Stevens Brooklyn LLC)
-7.2% | -$50,000
The Osborne, #11DB
$649,000
Midtown West | Cooperative | 1 Bedroom, 1 Bath
The Osborne, #11DB (Christies International Real Estate Group LLC)
-10.1% | -$70,000
Hudson View Gardens, #J41
$625,000
Washington Heights | Cooperative | 2 Bedrooms, 1 Bath
Hudson View Gardens, #J41 (Compass)
-15.3% | -$99,000
304 West 88th Street, #1D
$549,000
Riverside Dr./West End Ave. | Cooperative | 1 Bedroom, 1 Bath | 600 ft2
304 West 88th Street, #1D (Serhant)
-28.6% | -$154,000
Riverview South, #15J
$385,000
Yorkville | Cooperative | Studio, 1 Bath | 468 ft2
Riverview South, #15J (Brown Harris Stevens Residential Sales LLC)
Would you like to tour any of these properties?
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Or call us at (212) 755-5544
Would you like to tour any of these properties?
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