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Future New York

Price Cuts: Irving Berlin's former penthouse now half off; 2-bed condo in W Downtown now 42% off

130 East End Avenue, #PHB (Brown Harris Stevens) 130 East End Avenue, #PHB (Brown Harris Stevens)
Panoramic skyline and river views are often the first thing to attract New York City buyers’ attention, but it is important to remember that outside of heavily protected historic districts, these are not guaranteed to last forever. That was driven home in a lawsuit filed earlier this week, when the owners of a penthouse at 520 Park Avenue alleged that the building’s developers, William and Arthur Zeckendorf, hid the fact that Extell Development’s forthcoming project at the nearby 655 Madison Avenue could block the views of Central Park that made the penthouse such a prize (h/t Crain’s New York Business).
W new york downtown W New York Downtown Hotel and Residences (right-hand side) will have most of its north and south views blocked by new skyscrapers

In this article:

The Ramondo, 784 Park Avenue
The Ramondo, 784 Park Avenue Park/Fifth Ave. to 79th St.
130 East End Avenue
130 East End Avenue Yorkville
44 West 96th Street
44 West 96th Street Central Park West
The Braender, 418 Central Park West
The Braender, 418 Central Park West Central Park West
24 Central Park South
24 Central Park South Midtown West
The penthouse buyers may have learned about fleeting views the hard way, but owners at W Residences know this firsthand: When the building was completed in 2010, it was one of the tallest buildings in the Financial District, and residents enjoyed open views of New York Harbor and the Manhattan skyline. However, One World Trade Center opened a few years later, blocking many views, and two projects on the rise threaten to obliterate all northern and southern views from the apartments. The long-deferred 5 World Trade Center is taking shape to the north, and this massive mixed-use tower will include 1,200 new housing units, 400 of which will be affordable. To the south, Link Apartments 8 Carlisle will rise over 800 feet high.
Moreover, when W New York Downtown Hotel and Residences (as it was then known) opened to great aplomb, condo owners enjoyed access to the hotel’s amenities and services. However, the hotel closed during the pandemic and never reopened its doors, and a replacement hospitality tenant never moved in. As a result, the owners lost access to the amenities, not to mention value on their apartments: Some listings have sat on the market for as long as two years, many have experienced price reductions, and the average price per square foot has plummeted from its 2016 high of $2,083 per square foot to last year's $1,216.
5 World Trade Center 5 World Trade Center rendering with W New York behind it (Kohn Pedersen Fox)

W Downtown condo sales data Sales data for W Downtown (CityRealty)

A penthouse at 130 East End Avenue enjoys open views of the East River from a private terrace, not to mention a claim to fame with a link to American songbook composer Irving Berlin. However, the Yorkville market has become increasingly crowded in recent years with new, amenity-rich buildings that might be stealing this one's thunder. The penthouse was listed for $10.3 million in June 2022, and has been on and off the market at gradually lower prices since then. Its most recent brings it down to $5,250,000.
These listings were among over 250 condos, co-ops, condops, and townhouses across New York City that experienced price reductions from March 18-24, 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.



The Spears Building, #3AF (Compass)

Yves, #PHB (Compass)

The Apthorp, #11EN (Douglas Elliman Real Estate)

Fifteen Hudson Yards, #66B (Douglas Elliman Real Estate)
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130 East End Avenue, #PHB (Brown Harris Stevens Residential Sales LLC)

77 Greenwich Street, #31A (Reuveni LLC)

The Dillon, #409 (Corcoran Group)

24 Central Park South, #19E (Douglas Elliman Real Estate)

The Ramondo, #17A (Brown Harris Stevens Residential Sales LLC)

14 Second Avenue, #2 (Douglas Elliman Real Estate)

Sky House, #27C (Douglas Elliman Real Estate)

W Residences, #38GH (Douglas Elliman Real Estate)

1059 Manhattan Avenue, #2D (Serhant)

Rutherford Place, #516 (Compass)

The Armstead, #4C (Douglas Elliman Real Estate)

81 Bedford Street, #4B (Compass)

293 Riverside Drive, #3A/4A (Compass)

The Rennie, #614 (Brown Harris Stevens Development Marketing LLC)

Greenwich Club, #3505 (Compass)

The Braender, #41 (Douglas Elliman Real Estate)

122 Palmetto Street, #1R (Douglas Elliman Real Estate)

44 West 96th Street, #5A (Douglas Elliman Real Estate)

310 West 56th Street, #10E (Modlin Group LLC)
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?

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