Price Cuts: I.M. Pei-designed penthouse for William Zeckendorf gets 20% haircut; Woolworth Mansion slashed by $9M

Wednesday, Mar 19, 2025 By CityRealty Staff, CityRealty contributor

Pritzker Prize laureate I.M. Pei’s New York portfolio includes the Kips Bay Towers complex, the Silver Towers housing complex at New York University, and the masterfully renovated Sutton Place townhouse where he and his wife Eileen lived for 45 years. One lesser-known work is a Beekman Place penthouse he designed for William Zeckendorf, the developer who recruited Mr. Pei to head his firm’s in-house design team. The design makes the most of the incredible light and views of the East River, and its clear separation of entertaining and sleeping areas has only been further appreciated in recent years.

Mr. Zeckendorf's firm, Webb & Knapp, developed a sizable chunk of the New York City landscape. It put together the site for what is now the United Nations headquarters, and his holdings included the Chrysler Building, the Greybar Building, and the St. Regis Hotel. In his 1976 obituary, The New York Times observed, "The company traded in major hotels and office buildings with the ease of a housewife buying a loaf of bread."

William Zeckendorf Jr., Mr. Zeckendorf's son, joined his father's company before striking out on his own. His portfolio included projects like Zeckendorf Towers in Union Square, One Worldwide Plaza in Midtown, and The Columbia on the Upper West Side, all of which were instrumental in transforming their neighborhoods.

The next generation, William and Arthur Zeckendorf, started their own development firm, one that has been the force behind a new class of uber-luxury condominiums all over New York. These include 15 Central Park West, 50 United Nations Plaza (located across the street from their grandfather's former holdings), 520 Park Avenue, and the forthcoming 80 Clarkson Street.

William Zeckendorf Sr. sits behind desk in his

The listing for the penthouse notes that it has had four owners since Mr. Pei designed it. Its most recent owner put it on the market for $8.5 million in April 2024, and the penthouse has gone down in price and changed brokerages since then. Its most recent price reduction brings it down to $5,600,000.

The penthouse was among approximately 250 condos, co-ops, condops, and townhouses that experienced price reductions from March 11-17, 2025. A selection of notable listings, as well as a full chart of last week's price cuts, 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 across NYC

-15.3% | -$9,050,000

4 East 80th Street, #TH
$49,950,000

Carnegie Hill | Townhouse | 6+ Bedrooms, 6+ Baths | 20,000 ft²

4 East 80th Street, #TH (Modlin Group LLC)

From the Listing: Built in 1915 by famed architect Charles P.H. Gilbert for Frank Woolworth, 4 East 80th Street is a rare opportunity to enjoy a piece of New York City’s architectural legacy. Painstakingly restored to its original grandeur in the early 2000s, but featuring modern amenities, this French Gothic masterpiece is 35’ wide, boasts an astounding approximately 20,000 square feet and 9 bedrooms, 11.5 bathrooms and 3 kitchens. The classic limestone facade rises 7 stories with understated embellishments and two monumental dormers rising from the fifth floor balcony. See floor plan and full details here.

-5% | -$1,050,000

11 Cranberry Street, #TH
$19,950,000

Brooklyn Heights | Townhouse | 5 Bedrooms, 5.5 Baths | 6,374 ft²

11 Cranberry Street, #TH (Serhant)

From the Listing: Set on a picturesque tree-lined block steps from the Brooklyn Heights Promenade, 11 Cranberry Street is a stunning, mint-condition 25.5'-wide mansion, meticulously redesigned by renowned architecture firm HS2. Commemorated by a historic plaque, the "Mott Bedell House" was originally built in 1840 for Mott Bedell, a ship's chandler with offices on Wall Street. Reimagined through a five-year, full gut renovation, this astounding townhouse has been completely rebuilt and restored, extending the building and creating a usable cellar with a large sauna and separate steam shower. See floor plan and full details here.

44 West 90th Street, #TH
$7,825,000 (-12.6%)

Central Park West | Townhouse | 6+ Bedrooms, 6+ Baths | 6,790 ft²

44 West 90th Street, # (Douglas Elliman Real Estate)

From the Listing: Welcome to this exquisite 20-foot wide Renaissance Revival townhouse, beautifully designed by architect Theodore F. Thomson in the early 1900s. Nestled within the Central Park West Historic District, this meticulously renovated home boasts modern amenities while retaining its historic charm. Spanning six levels, this residence features updated infrastructure, including new heating and cooling systems, a spacious wine cellar, and luxurious living spaces. See floor plan and full details here.

-12.5% | -$995,000

The Residence on Madison, #5AB4B
$7,000,000

Carnegie Hill | Condominium | 5 Bedrooms, 5.5 Baths | 3,725 ft²

The Residence on Madison, #5AB4B (Corcoran Group)

From the Listing: Custom-renovated with exquisite attention to detail, this residence combines modern sophistication with timeless elegance. As you arrive, the elevator opens directly into your landing, offering a grand and discreet entrance. From here, step into the expansive living room, where double-height ceilings and oversized windows flood the space with natural light. See floor plan and full details here.

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-20% | -$1,398,000

30 Beekman Place, #PH
$5,600,000

Beekman/Sutton Place | Cooperative | 2 Bedrooms, 2.5 Baths

30 Beekman Place, #PH (Brown Harris Stevens Residential Sales LLC)

From the Listing: I.M. Pei would design this personal penthouse for his employer and would quickly display his exceptional ability to capture the ultimate quality of its space and its extraordinary light overlooking the water of the East River. This apartment has extraordinary entertaining space that is nicely separated from its private bedroom areas. Both the windows and the ceilings are exceptionally high throughout. The terrace can be accessed from the living room and the dining room on the the entertaining side and from the primary bedroom in the private wing. See floor plan and full details here.

-13.2% | -$605,000

Archive Lofts, #PH3
$3,995,000

Lenox Hill | Condominium | 2 Bedrooms, 2.5 Baths | 1,783 ft²

Archive Lofts, #PH3 (Corcoran Sunshine Marketing Group)

From the Listing: Penthouse 3 is a spacious two-bedroom two-bathroom plus powder room residence featuring 100 square feet of outdoor space spread across 2 balconies. This exceptional home offers east exposure, 13-foot ceilings, and 5-in wide plank engineered oak floors in a chevron pattern. This gracious layout features an open kitchen with a large island that leads to an expansive living and dining space. See floor plan and full details here.

-23.2% | -$1,150,000

965 Fifth Avenue, #11B
$3,800,000

Park/Fifth Ave. to 79th St. | Cooperative | 2 Bedrooms, 2.5 Baths | 2,000 ft²

965 Fifth Avenue, #11B (Douglas Elliman Real Estate)

From the Listing: No expense was spared in the masterful renovation of this architecturally designed custom home, creating a modern minimalist masterpiece within a classic prewar building in an unparalleled location! Perched up high on the 11th floor, this state-of-the-art home enjoys unobstructed panoramic views of Central Park and the NYC skyline. See floor plan and full details here.

-13.5% | -$500,000

The Belaire, #45AB
$3,200,000

Lenox Hill | Condominium | 3 Bedrooms, Unknown Baths | 2,036 ft²

The Belaire, #45AB (Sothebys International Realty)

From the Listing: Spectacular views from sprawling and renovated 3 Bedroom, 3.5 Bath Condominium with Parking and 2 private storage rooms. Enter the 45th Floor’s proper foyer outfitted with large coat closets, in-unit WD as well as a powder room. Continuing into the space, one is met with oversized windows and panoramic city views. The massive corner living room with glazed walls treatment, fireplace, and hidden TV display is the perfect space for relaxing, entertaining and enjoying the glorious river views from sunrise to sunset. See floor plan and full details here.

-17.3% | -$650,000

Olympic Tower, #22Q
$3,100,000

Midtown East | Condominium | 2 Bedrooms, 2.5 Baths | 1,800 ft²

Olympic Tower, #22Q (Sothebys International Realty)

From the Listing: Renovated two-bed at Olympic Tower features Fifth Avenue frontage and south and west exposures, which allow for abundance of natural light and most breathtaking downtown views. This spacious corner residence opens into a sun drenched and opulent living and dining room. The renovated open kitchen features brand-new appliances as well as a dining area with Hudson River views. See floor plan and full details here.

-11.8% | -$400,000

319 Prospect Place, #PHB
$2,995,000

Prospect Heights | Condominium | 3 Bedrooms, 3 Baths | 2,115 ft²

319 Prospect Place, #PHB (Brown Harris Stevens Residential Sales LLC)

From the Listing: Penthouse B epitomizes luxury living, boasting European white oak engineered wood floors and surface mount bedroom light fixtures that accentuate the modern ambiance. On the main floor, the gourmet kitchen is a culinary enthusiast's dream. Two spacious bedrooms, including a primary with a walk-in closet and en-suite bathroom, and additional office space or den are located on the second floor. The masterpiece of this luxury penthouse is on the third floor where you will find an immense private roof terrace with city skyline views. See floor plan and full details here.

-21.2% | -$700,000

Trump World Tower, #42E
$2,600,000

Turtle Bay/United Nations | Condominium | 2 Bedrooms, 2 Baths | 1,500 ft²

Trump World Tower, #42E (Corcoran Group)

From the Listing: This ultra-luxury condo offers a spectacular high-floor corner 2-bedroom with 2 marble bathrooms surroundings. Features floor-to-ceiling windows, large entry foyer, windowed kitchen, walk-in closets, jacuzzi and panoramic city and river views with fantastic light. The Chrysler and Empire State Buildings are front and center! See floor plan and full details here.

-25% | -$850,000

361 West 36th Street, #6FL
$2,550,000

Midtown West | Cooperative | 4 Bedrooms, 4 Baths | 4,300 ft²

361 West 36th Street, #6FL (Corcoran Group)

From the Listing: This loft was divided into two spaces: living quarters and the other a working artist's studio. The private apartment was the artist's home with a large living room, open kitchen, oversized bedroom, dressing room and full bath. The studio space consists of a huge artists studio, a tremendous entertaining area, with a kitchen, a home office, a guest bedroom and a full windowed bath. Bring your vision and create your dream of your perfect home. See floor plan and full details here.

-4% | -$100,000

Dahlia, #4A
$2,395,000

Broadway Corridor | Condominium | 2 Bedrooms, 2 Baths | 1,112 ft²

Dahlia, #4A (Compass)

From the Listing: This elegant two-bedroom home boasts impressive 9'-5" ceilings, beautifully proportioned living spaces, and two full bathrooms. With northern and western exposures, the residence is bathed in natural light, and the oak floors add a modern flair while maintaining timeless elegance throughout the home. In the chef's kitchen, the expansive, polished quartz countertop offers optimal functionality and serves as a striking focal point. See floor plan and full details here.

1 Fifth Avenue, #19A
$2,150,000 (-21.8%)

Greenwich Village | Cooperative | 2 Bedrooms, 2 Baths

1 Fifth Avenue, #19A (Ann Weintraub Ltd)

From the Listing: Price negotiable. Way up high, in the fabled Tower of One Fifth Avenue, sits a totally renovated two bedroom and two full bathroom apartment. All day long, glorious sunshine flows in and enhances the eastern, landmark views from the all glass, oversized, tilt/ turn picture windows that are only permitted in the Tower of this iconic, landmark building. See floor plan and full details here.

-5% | -$100,000

Inkwell, #4D
$1,895,000

Midtown West | Condominium | 2 Bedrooms, 2 Baths | 1,211 ft²

Inkwell, #4D (Compass)

From the Listing: Originally a printing press and then a NYC public school, this condo conversion exudes keen detail and craftsmanship. With a design vocabulary that finds its inspiration in craft, honed and refined for 21st century living, this home is where grand spaces and light mix with custom finishes and materials. The chef's kitchen resonates with a deep appreciation of the building's architectural legacy, instilling it with modern convenience and refinement; a space designed and formed with a keen eye to detail and singular attention to craft. See floor plan and full details here.

-16.5% | -$345,000

123 Third Avenue, #2A
$1,750,000

East Village | Condominium | 2 Bedrooms, 2 Baths | 1,166 ft²

123 Third Avenue, #2A (Acquire NY Real Estate Inc)

From the Listing: Located just one block from Union Square in the Village, this well designed two-bedroom residence was configured to maximize light, views and flexibility. A long windowed entry foyer/gallery leads to a light flooded corner living room facing north and west, with up-close views of the extraordinary Con Edison Building. The unit has been recently painted and floors were refinished. The second bedroom, with plentiful built-ins for home office, has unique sliding doors that open to the living room. See floor plan and full details here.

-7.7% | -$145,000

Element88, #PH3
$1,750,000

Williamsburg | Condominium | 2 Bedrooms, 2 Baths | 1,030 ft²

Element88, #PH3 (Corcoran Group)

From the Listing: This corner Penthouse unit, bathed in incredible natural light from west and north exposures, offers sweeping skyline views through oversized, quiet windows. The expansive living space is perfect for entertaining, with room for a dining area, large living room, and an open kitchen with a peninsula that comfortably seats four. Floor-to-ceiling sliding glass doors lead to a private terrace, ideal for outdoor living and dining with stunning city views. Storage room with A/C, electricity, and Wi-Fi connectivity included. See floor plan and full details here.

-12.4% | -$176,000

The Orion, #41H
$1,249,000

Midtown West | Condominium | 1 Bedroom, 1 Bath | 794 ft²

The Orion, #41H (Douglas Elliman Real Estate)

From the Listing: One-bedroom apartment on the 41st floor looks over the Hudson River, Lower Manhattan, and the Empire State Building. Features include floor-to-ceiling windows, a prime kitchen with granite counter-tops and Bosch appliances, limestone bath with a deep soaking tub and Waterworks fixtures, excellent closet space, plus a high-grade washer/dryer inside the unit. See floor plan and full details here.

-13.5% | -$155,000

300 East 4th Street, #2A
$995,000

East Village | Cooperative | 1 Bedroom, 1 Bath

300 East 4th Street, #2A (Compass)

From the Listing: Welcome home to your spacious loft with 12.5-foot high ceilings, exposed brick walls, and bright double-exposure, facing south and north. Overlooking the Secret Garden from the second floor, you have the convenience of taking the stairs or elevator. There are built-in shelves, custom cabinetry, and ample storage space throughout. See floor plan and full details here.

-10% | -$100,000

55 Hicks Street, #42
$899,000

Brooklyn Heights | Cooperative | 2 Bedrooms, 1 Bath

55 Hicks Street, #42 (Douglas Elliman Real Estate)

From the Listing: Meticulously renovated 2-bedroom apartment is located on one of Brooklyn Heights' most charming blocks with dazzling views of the lower Manhattan skyline. Upon entering, you will find a spacious living/dining area with high ceilings, flawless hard wood floors, and a large picture window overlooking treetops and historic homes the neighborhood is renowned for. The kitchen features brand new high-end stainless-steel appliances. Sponsor apartment - no board approval necessary for a quick and easy close! See floor plan and full details here.

-6.7% | $50,000

The Gramercy House, #6P
$699,000

Gramercy Park | Cooperative | 1 Bedroom, 1 Bath

The Gramercy House, #6P (Compass)

From the Listing: Welcome home to your bright pre-war one-bedroom apartment with ample closet space! The apartment has a living room with a beautiful working fireplace, a bedroom with northern views uptown and the Chrysler Building, and open kitchen great for cooking and entertaining. The pre-war architectural details remain including the hardwood floors with inlay in the living room, beamed ceilings and original hardware. Electricity and A/C included in maintenance. See floor plan and full details here.

-15.8% | -$100,000

205 East 63rd Street, #18C
$535,000

Lenox Hill | Cooperative | 2 Bedrooms, 2 Baths

205 East 63rd Street, #18C (Brown Harris Stevens Residential Sales LLC)

From the Listing: Perched high above the city, the home boasts spectacular open city views from every window, flooding the space with natural light throughout the day. A 55-foot outdoor terrace spans the entire width of the apartment, with direct access from both the dining room and bedroom, providing a front-row seat to the city's skyline. Owner is offering a closing credit to buyer for a return conversion to two-bedroom. See floor plan and full details here.

-15.8% | -$75,001

431 West 54th Street, #3C
$399,999

Midtown West | Cooperative | 1 Bedroom, 1 Bath

431 West 54th Street, #3C (Compass)

From the Listing: This unique apartment was just renovated to perfection, ready for its new owner. Boasting a lovely layout with two large closets, the unit features high, beamed ceilings and a stunning built-in bookcase that adds both function and style. A quaint decorative fireplace is the centerpiece of the comfortable living room, while the cozy bedroom is pin drop quiet with nice separation down a hallway from the entertaining area. See floor plan and full details here.

In this article:

Recently reduced listings across NYC

-15.3% | -$9,050,000

4 East 80th Street, #TH
$49,950,000

-5% | -$1,050,000

11 Cranberry Street, #TH
$19,950,000

44 West 90th Street, #TH
$7,825,000 (-12.6%)

-12.5% | -$995,000

The Residence on Madison, #5AB4B
$7,000,000

Select which properties are of interest to you:

-20% | -$1,398,000

30 Beekman Place, #PH
$5,600,000

-13.2% | -$605,000

Archive Lofts, #PH3
$3,995,000

-23.2% | -$1,150,000

965 Fifth Avenue, #11B
$3,800,000

-13.5% | -$500,000

The Belaire, #45AB
$3,200,000

-17.3% | -$650,000

Olympic Tower, #22Q
$3,100,000

-11.8% | -$400,000

319 Prospect Place, #PHB
$2,995,000

-21.2% | -$700,000

Trump World Tower, #42E
$2,600,000

-25% | -$850,000

361 West 36th Street, #6FL
$2,550,000

-4% | -$100,000

Dahlia, #4A
$2,395,000

1 Fifth Avenue, #19A
$2,150,000 (-21.8%)

-5% | -$100,000

Inkwell, #4D
$1,895,000

-16.5% | -$345,000

123 Third Avenue, #2A
$1,750,000

-7.7% | -$145,000

Element88, #PH3
$1,750,000

-12.4% | -$176,000

The Orion, #41H
$1,249,000

-13.5% | -$155,000

300 East 4th Street, #2A
$995,000

-10% | -$100,000

55 Hicks Street, #42
$899,000

-6.7% | $50,000

The Gramercy House, #6P
$699,000

-15.8% | -$100,000

205 East 63rd Street, #18C
$535,000

-15.8% | -$75,001

431 West 54th Street, #3C
$399,999

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Price Cuts: I.M. Pei-designed penthouse for William Zeckendorf gets 20% haircut; Woolworth Mansion slashed by $9M

In this article:

Recently reduced listings across NYC

-15.3% | -$9,050,000 4 East 80th Street, #TH$49,950,000

-5% | -$1,050,000 11 Cranberry Street, #TH$19,950,000

44 West 90th Street, #TH$7,825,000 (-12.6%)

-12.5% | -$995,000 The Residence on Madison, #5AB4B$7,000,000

Select which properties are of interest to you:

-20% | -$1,398,000 30 Beekman Place, #PH$5,600,000

-13.2% | -$605,000 Archive Lofts, #PH3$3,995,000

-23.2% | -$1,150,000 965 Fifth Avenue, #11B$3,800,000

-13.5% | -$500,000

The Belaire, #45AB$3,200,000

-17.3% | -$650,000 Olympic Tower, #22Q$3,100,000

-11.8% | -$400,000 319 Prospect Place, #PHB$2,995,000

-21.2% | -$700,000 Trump World Tower, #42E$2,600,000

-25% | -$850,000 361 West 36th Street, #6FL$2,550,000

-4% | -$100,000 Dahlia, #4A$2,395,000

1 Fifth Avenue, #19A$2,150,000 (-21.8%)

-5% | -$100,000 Inkwell, #4D$1,895,000

-16.5% | -$345,000 123 Third Avenue, #2A$1,750,000

-7.7% | -$145,000 Element88, #PH3$1,750,000

-12.4% | -$176,000 The Orion, #41H$1,249,000

-13.5% | -$155,000 300 East 4th Street, #2A$995,000

-10% | -$100,000 55 Hicks Street, #42$899,000

-6.7% | $50,000 The Gramercy House, #6P$699,000

-15.8% | -$100,000 205 East 63rd Street, #18C$535,000

-15.8% | -$75,001 431 West 54th Street, #3C$399,999

Related Listings

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-15.3% | -$9,050,000

4 East 80th Street, #TH
$49,950,000

-5% | -$1,050,000

11 Cranberry Street, #TH
$19,950,000

44 West 90th Street, #TH
$7,825,000 (-12.6%)

-12.5% | -$995,000

The Residence on Madison, #5AB4B
$7,000,000

-20% | -$1,398,000

30 Beekman Place, #PH
$5,600,000

-13.2% | -$605,000

Archive Lofts, #PH3
$3,995,000

-23.2% | -$1,150,000

965 Fifth Avenue, #11B
$3,800,000

The Belaire, #45AB
$3,200,000

-17.3% | -$650,000

Olympic Tower, #22Q
$3,100,000

-11.8% | -$400,000

319 Prospect Place, #PHB
$2,995,000

-21.2% | -$700,000

Trump World Tower, #42E
$2,600,000

-25% | -$850,000

361 West 36th Street, #6FL
$2,550,000

-4% | -$100,000

Dahlia, #4A
$2,395,000

1 Fifth Avenue, #19A
$2,150,000 (-21.8%)

-5% | -$100,000

Inkwell, #4D
$1,895,000

-16.5% | -$345,000

123 Third Avenue, #2A
$1,750,000

-7.7% | -$145,000

Element88, #PH3
$1,750,000

-12.4% | -$176,000

The Orion, #41H
$1,249,000

-13.5% | -$155,000

300 East 4th Street, #2A
$995,000

-10% | -$100,000

55 Hicks Street, #42
$899,000

-6.7% | $50,000

The Gramercy House, #6P
$699,000

-15.8% | -$100,000

205 East 63rd Street, #18C
$535,000

-15.8% | -$75,001

431 West 54th Street, #3C
$399,999

Open Houses: Two-plus bedrooms in Manhattan's top-ranked public school districts

Price Cuts: NoMad “Mansion” with 50' outdoor pool drops $1M + Discounted homes with picture-perfect NYC views for World Photography Day

Views, Light, and Value: A Q&A with Kayla Lee on what today’s NYC buyers really want