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The view from the W Downtown Hotel and Residences (BHS) The view from the W Downtown Hotel and Residences (BHS)
Throughout Manhattan, northern Brooklyn, western Queens, and parts of the Bronx, there are 9,866 condos, co-ops, condops, and townhouses for sale as of this writing. The Manhattan median condo price ticked slightly downward from last week to $2,130,794, or $1,710 per square foot. Manhattan's median co-op price, though, experienced a slight upturn to $891,333 (all figures per CityRealty listings).
Just before the Presidents Day holiday weekend, the boards of the Port Authority of New York and New Jersey and the Lower Manhattan Development Corporation voted to approve the recommendation of a proposal from Brookfield Properties and Silverstein Properties for 5 World Trade Center, the former home of the Deutsche Bank building. The site has sat empty ever since the building was demolished following heavy damage in the terrorist attacks of September 11, but the proposal calls for a mixed-use, 900-foot-high tower designed by Kohn Pedersen Fox that would include 1,325 rental apartments, 330 of which would be permanently affordable and designated for households earning at or below 50 percent of the area median income.

In this article:

60 Sutton Place South
60 Sutton Place South Beekman/Sutton Place
40 Broad Street
40 Broad Street Financial District
CitySpire, 150 West 56th Street
CitySpire, 150 West 56th Street Midtown West
The Majestic, 115 Central Park West
The Majestic, 115 Central Park West Central Park West
W Residences, 123 Washington Street
W Residences, 123 Washington Street Financial District
Renderings of 5 WTC (DBOX for Brookfield Properties and Silverstein Properities
111-Washington-Street-01 Various shelved designs for 111 Washingotn Street
City officials have spoken glowingly of the tower, which would contain the largest number of affordable housing in a single Lower Manhattan building, but owners at W Downtown Hotel & Residences ("W Downtown") are decidedly more subdued at the prospect. The building has long touted spectacular vistas of the Lower Manhattan skyline, Hudson River, and New York Harbor, but the new tower would obstruct northern views to Midtown and over the World Trade Center site; moreover, another tower planned for 111 Washington Street would obstruct views to the southwest, further affecting many unit lines' vistas.
W Downtown owners' fears may be well founded: Further uptown, The Park Imperial experienced similar encroachment with the rise of buildings like Central Park Tower and 220 Central Park South, Billionaires' Row supertalls that greatly obstructed the Central Park views residents had long enjoyed. Since 2014, the average price per square foot of a condo in The Park Imperial has plummeted from $2,720/ft2 to $1,922 this year, a 29.3% decrease.
The news comes at a time when 226 sales listings throughout New York, several at W Downtown among them, had their prices reduced. A full, sortable list of price reductions may be found below. Please be advised that all figures refer to cumulative price cuts as opposed to the most recent reductions.

530-Park-Avenue-01 All images of 530 Park Avenue via The Corcoran Group
From the Listing: #17F is an exquisitely crafted classic, pre-war style four-bedroom, four-and-a-half bath residence atop 530 Park Avenue. Enter through the beautiful linen-wallpapered gallery into the home’s generous corner living room and formal dining room with open northern and western city views. The walk-through windowed kitchen features granite countertops, modern appliances, custom cabinetry and a center island extending into a spacious and functional butler’s pantry, which can also be accessed through a swing door just off the living room entry. Additional features include recessed lighting, herringbone-patterned hardwood floors throughout. HVAC, automatic shade controls and a Control 4 system throughout. See floor plan and full details here.

234-East-23rd-Street-01 All images of 234 East 23rd Street via Compass
From the Listing: Step inside this immaculate two-bedroom home where sprawling hardwood floors guide you every step, and floor-to-ceiling south-facing windows flood each room with sunlight. Upon entering, you are greeted by the generous, open chef's kitchen which overlooks the grand living room with plenty of room for a separate dining area. Both bedrooms also include floor-to-ceiling windows, are generous enough to accommodate king-size beds and include ample closet space, with the primary bedroom boasting a luxurious en-suite bathroom with marble countertops, double sinks, generous under-the-sink storage, and a glass-paned shower with waterfall fixture. See floor plan and full details here.

175-East-Broadway-01 All images of the Forward Building via Compass
From the Listing: One-of-a-kind loft features soaring 11' ceilings, colossal windows on two sides, ebony stained floors and central air conditioning throughout. Perfect for entertaining, the open chef's kitchen boasts top-of-the-line stainless steel appliances, a Carrera marble backsplash, gorgeous deep charcoal quartz counter tops and white lacquer cabinets. Interiors further boast two spa-like bathrooms that are newly renovated with glass shower walls. See floor plan and full details here.

575-Park-Avenue-01 All images of The Beekman via Sotheby's International Realty
From the Listing: Exquisitely renovated for a fabulous and luxurious lifestyle by Gleicher Design, this high-tech home is situated in a Park Avenue building providing superb luxury services. Across the elegant oval entrance gallery with cedar marble floor, an expansive 35' great room includes the living room, formal dining room and library, with three large triple windows overlooking the tree tops of East 63rd Street. A newly completed renovation includes beautiful new solid white oak floors throughout the apartment, window sills of Woodgrain Light limestone and white onyx, and the wallpaper is by Hermes. See floor plan and full details here.

115-Central-Park-West-01 All images of The Majestic via The Corcoran Group
From the Listing: Occupying the entire 28th floor, this elegant home in The Majestic affords spectacular 360 degree views overlooking Central Park Lake and Strawberry Fields, sweeping south to the towers of Midtown and Central Park South and extending north past the George Washington Bridge. The gracious entry foyer leads into an oversized corner living room with six huge windows offering amazing views and plenty of space for entertaining. The banquet-sized dining room is located next to the windowed chef’s kitchen, which features professional-grade appliances, as well as a staff bedroom with full bath. See floor plan and full details here.

60-East-End-Avenue-01 All images of 60 East End Avenue via Douglas Elliman
From the Listing: This sprawling apartment's oversized windows face east, south, west, and north with stunning views of the East River, southern skyline, Carl Schurz Park, and miles beyond. The 28 x 42' expansive entertaining space includes multiple seating areas, a large dining room, and a bar. The windowed kitchen has an informal dining area facing the skyline, a convenient island, beautiful cabinetry, and a separate pantry with wine cooler and additional storage. The commodious primary bedroom suite includes a large dressing room plus two very large closets, and two bathrooms. See floor plan and full details here.

150-West-56th-Street-01 All images of CitySpire via Nest Seekers
From the Listing: Magnificent 2 bedroom 2.5 bathroom duplex features an expansive living room, a separate dining room, along with breathtaking city views. The spiral staircase which takes you to the second floor bedrooms is an eye-catching feature which will leave all your friends jealous at the housewarming party. It is in a full-service luxury building offering laundry on every floor, a top-of-the-line gym outfitted with cardio equipment and weight machines, an Olympic-size swimming pool, a nursery, and a lounge. See floor plan and full details here.

123-Washington-Street-01 All images of W Downtown Hotel and Residences via The Nassimi Group
From the Listing: Look out on views of 9/11 Memorial Park, Statue of Liberty, the river, city of Manhattan and beyond from every window of your residence. W Hotel's signature WHATEVER/WHENEVER service and hotel amenities are available 24/7/365. David Rockwell designed Lobby. See floor plan and full details here.

721-Fifth-Avenue-01 All images of Trump Tower via Compass
From the Listing: Motivated seller! In this luxurious 1,600-square-foot home on the 59th floor, premium finishes and fixtures are highlighted by awe-inspiring light and views thanks to walls of windows facing south and east. A lavish gallery entry opens to the expansive corner living room offering a generous footprint for seating and dining areas, and the beautifully designed kitchen includes sleek glass-front cabinetry, stone countertops and premium stainless steel appliances. Central air, extra closet space and an in-unit washer-dryer add effortless ease and year-round comfort to this spectacular high-floor home. See floor plan and full details here.

296-Manhattan-Avenue-01 All images of 296 Manhattan Avenue via Compass
From the Listing: For the first time in over 30 years, the historic brownstone at 296 Manhattan Avenue is being offered for sale. Nestled in one of the most desirable locations in South Harlem, the property features seven market rate apartments including the ultimate owner's duplex with a private backyard. All units have been renovated and boast high ceilings and large windows allowing for abundant natural light and incredible views of Morningside Park. Charming original details throughout and open-plan kitchens allow for efficient square footage. There are washer and dryers in every unit. See floor plan and full details here.

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115-Central-Park-West-01 All images of The Majestic via Sotheby's International Realty
From the Listing: Sprawling, sought-after apartment at The Majestic features large scale entertaining space, four to possibly five oversized bedrooms, and four bathrooms. An elegant entry foyer leads to an enormous, south-facing, sunken living room and a well proportioned dining room able to accommodate large gatherings. The windowed, eat-in kitchen is adjacent to two spacious staff rooms, which could easily be converted to a fifth bedroom or family room. There is a south-facing bedroom which is currently used as a library, a corner primary bedroom with an en-suite dressing room and large marble bathroom, and two additional west facing bedrooms. The apartment features high ceilings, original mahogany floors, prewar detail, and numerous closets throughout. See floor plan and full details here.

Notable Improvements Under $1.25M
1020-Grand-Concourse-01 All images of Concourse Towers via Bank Neary Inc.
From the Listing: Two-bedroom home in a landmarked building boasts enormous living/dining space, new gourmet kitchen, king-size primary suite, abundant closet space, and expansive private balcony. This unit can be purchased along with apartment 8N next door for the ultimate in luxury and expansive city living - with the simple removal of a wall, your pad becomes a palace--as many as five bedrooms and four baths, a banquet-sized dining room, and a double-sized dream terrace. See floor plan and full details here.

209-East-56th-Street-01 All images of 209 East 56th Street via Compass
From the Listing: Spectacularly maintained alcove studio has been used as a pied-a-terre the last 15 years, and recently had a full renovation to the kitchen and bathroom. Full-sized appliances included refrigerator, dishwasher, and stove make cooking and entertaining easy. Four full-size closets make for ample storage space, and there is room for full-sized furniture and storage space. It is in a full-service building with 24/7 doorman, roof deck, live-in super, and a large common laundry room. See floor plan and full details here.

175-West-13th-Street-01 All images of The Cambridge House via The Corcoran Group
From the Listing: Custom renovated apartment in a full-service Greenwich Village building boasts sunset views, central AC/heat, new HVAC units enclosed by custom cabinetry with separate digital thermostat settings, four large designed closets, Somfy electric blinds, custom solid wood doors and crown moldings throughout. The stunning windowed chef’s kitchen is complete with custom cabinetry, Liebherr refrigerator, Miele dishwasher, Bertazzoni Italian range and microwave, as well as an automatic hot water dispenser. The luxurious windowed bathroom features a custom walk-in shower, heated towel rack, heated floors and sleek Gerber fixtures. The over-sized bedroom boasts picturesque views with a built-in workstation and soundproof windows. See floor plan and full details here.

201-East-28th-Street-01 All images of The Chesapeake House via Douglas Elliman
From the Listing: Located in Kips Bay, this spacious and sunny studio is on a high floor with extra-large windows that bring in maximum amount of light. Interiors currently feature separate kitchen area, lots of closet space, sleeping area, and a nicely sized bathroom with a tub. The Chesapeake House is a full service pet friendly coop with 24-hour doorman, a large newly renovated roof deck, brand new central laundry room, garage, and resident super. See floor plan and full details here.

123-Washington-Street-01 All images of W Downtown Hotel & Residences via The Nassimi Group
From the Listing: Views of 9/11 Memorial Park, Statue of Liberty, the river, city of Manhattan and beyond from every window of your residence. W Hotel signature WHATEVER/WHENEVER service and hotel amenities are available 24/7/365. David Rockwell designed Lobby See floor plan and full details here.

60-Riverside-Boulevard-01 All images of The Aldyn via Nest Seekers
From the Listing: Gorgeous Upper West Side residence features floor-to-ceiling windows, bright eastern exposure, beautiful open city views, hardwood floors, open gourmet kitchen, quartz countertops, Miele appliances, marble bathroom, generous closet space, king-size primary bedroom, and in-unit washer/dryer! Residential amenities include a 24 hour doorman, concierge, children's playroom, on site garage, resident lounge, game room, complimentary shuttle bus, landscaped courtyard, and fitness center with a 75' pool, rock climbing wall, squash court, full court basketball, bowling alley, golf simulator, billiards table, table tennis, Pilates, spin room, spa, and locker rooms with steam room and sauna. See floor plan and full details here.

40-Broad-Street-01 All images of 40 Broad Street via Compass
From the Listing: Timeless corner condo boasts 11' ceilings, oversized east-facing windows, and Brazilian walnut floors with stone inlay borders. The contemporary kitchen includes black granite countertops and custom walnut cabinetry, along with a custom built-in breakfast bar, backsplash, and wall covering. Premium appliances include a Sub-Zero refrigerator with double drawer freezer, Miele oven, gas cooktop, dishwasher, wine cooler, and Bosch washer/dryer. The entire apartment is outfitted with designer lighting, as well as a state-of-the-art home automation system. There are five Samsung Smart TV's, two sub-woofers, two soundbars, and ceiling speakers in every room. See floor plan and full details here.

45-Tudor-City-Place-01 All images of Prospect Tower via City Connections
From the Listing: This apartment is perfect for someone who is looking for a studio apartment in Tudor City with a full kitchen! Located in a great area, slightly removed from the hustle and bustle of Midtown, but still right there in the heart of it, Tudor City is the best kept secret in Manhattan. The apartment is only 5 minutes to Grand Central by foot! The building is itself a landmark of past achievements in architecture, and its amenities include a doorman, elevator, laundry room, and roof deck. See floor plan and full details here.

521-West-47th-Street-01 All images of The Bakery via Brown Harris Stevens
From the Listing: The opportunity to create your dream duplex with two bedrooms, two bathrooms, and a large roof deck awaits. Currently the apartment is a large open 737-square-foot loft with a sleeping alcove, open galley kitchen, and a full bath. There are dramatic 12' ceilings, exposed brick and a fabulous wood burning fireplace. The apartment comes with explicit roof rights enabling you to build a staircase to the roof and create an additional bedroom, full bathroom plus private outdoor space for a total of approximately 1,167 interior square feet with an approximately 300-square-foot roof deck. See floor plan and full details here.

60-Sutton-Place-South-01 All images of 60 Sutton Place South via Douglas Elliman
From the Listing: Alcove studio in Sutton Place enjoys sunny southern exposure and views of East 53rd Street, gardens, and River House from oversized tilt and turn windows across the entire width of the apartment. A windowed alcove eating area is ideal for a home office, and the kitchen is a separate room with stainless steel appliances and granite counters and floor. The generous sized marble bathroom has an adjoining dressing room. The unit comes fully furnished with custom made window treatments included in the sale price. See floor plan and full details here.

123-Washington-Street-01 All images of W Downtown Hotel & Residences via Compass
From the Listing: Perched high in the sky, Apartment 50G offers design-forward finishes, luxury hotel-style amenities, and breathtaking views of the Hudson River, Downtown Manhattan and the Statue of Liberty from every room. A modern open kitchen features custom white lacquer cabinetry and Miele and Sub-Zero appliances. The spacious bedroom is sun flooded, with floor to ceiling windows facing south and east. The windowed en-suite bath features Italian designed textured tiles, Corian vanity, heated towel rack and Toto toilet. Additional highlights of this loft-like high floor condominium include ebony stained maple wood floors, high ceilings and in-unit washer/dryer. See floor plan and full details here.

Would you like to tour any of these properties?
Just complete the info below.
  1. Select which properties are of interest to you:

Or call us at (212) 755-5544
Would you like to tour any of these properties?