Price Cuts: Lehman Brothers heiress' Upper East Side mansion cut by $2M; Price reductions at Maverick

46 East 71st Street, #TH (Compass) | https://www.cityrealty.com/nyc/park-fifth-ave-79th-st/46-east-71st-street/apartment-/aycRYwsQxJ

CityRealty > Market Insight > Features > Future New York >

Thursday, Aug 28, 2025 By CityRealty Staff, CityRealty contributor

Architect Aymar Embury II is hardly a household name; and yet, anyone who has visited a New York City park, zoo, or bridge has likely seen his work firsthand. During urban planner/original "power broker" Robert Moses' tenure as NYC Parks Commissioner in the early 1930s, at the height of the New Deal, he hired Mr. Embury as chief or consulting architect for several newly created and renovated parks across the city.

Mr. Embury's use of materials like cheap concrete caused some of his works to decay over time. However, several surviving examples include Bryant Park, McCarren Park, Jacob Riis Park, Orchard Beach, the Central Park zoo, the Prospect Park zoo and bandshell, the Triborough Bridge, and the New York City Pavilion at the 1939 World's Fair that has since been converted to the Queens Museum.

Lesser known examples of Mr. Embury's work may be found on a rarefied block in the Upper East Side Historic District. In early 1928, a few years after philanthropist Dorothy Lehman's wedding to investment banker Richard Bernhard, her father, banker Arthur Lehman, purchased a plot of land on East 70th Street to build a private house. Mr. Embury built this house as well as one at 46 East 71st Street that backed onto it and was occupied by the younger couple.

Mrs. Bernhard lived at 46 East 71st Street until her death in 1969, her husband having predeceased her in 1961. Since then, the limestone and brick house has changed hands and been renovated with modern infrastructure, though not at the expense of prewar architectural details like marble fireplaces and a gracefully curved staircase. The listing notes that it is on the market for the first time in 42 years, and neither the seller's identity nor the amount they paid for it are available. It was listed for $19.95 million in May 2025, and a price reduction brings it down to $17.9 million.

-10.3% | -$2,050,000

46 East 71st Street, #TH
$17,900,000

Park/Fifth Ave. to 79th St. | Townhouse | 6+ Bedrooms, 6+ Baths | 9,023 ft²

46 East 71st Street, #TH (Compass)

From the Listing: The first time available in 42 years is an extraordinary offering on Manhattan’s most prestigious block. 46 East 71st Street is a meticulously designed, Neo-Georgian 21-foot wide, 6-story limestone and brick townhouse with elevator, grandly scaled interiors, 3 exposures, and a beautifully landscaped garden in the heart of the Upper East Side, steps from Central Park. See floor plan and full details here.

Aerial map of Midtown South Mixed-Use Plan

Further downtown, the recently approved Midtown South Mixed-Use Plan represents the city's largest residential rezoning in 20 years. It updates zoning rules for four quadrants between West 23rd and West 40th Street, and between Fifth and Eighth Avenues to allow for the creation of as many as 9,500 new housing units (about 3,000 of which would be permanently affordable) in a part of the city historically restricted to manufacturing and commercial buildings. The plan includes economic development resources to protect and support fashion businesses in the Garment District, a car-free busway on 34th Street, and "density bonuses" that allow for more housing in exchange for local improvements (e.g., increased access to public transportation stations).

The two-toned Maverick's address on West 28th Street between Seventh and Eighth Avenues puts it in the heart of the rezoning and directly across from Fashion Institute of Technology's main campus. A handful of availabilities in the gray rental component starts at $6,250/month, and the white condo component is nearly 85% sold. The sponsor is offering two years of common charges and transfer taxes on condo contracts signed for a limited time, and a pair of two-bedrooms had their prices reduced.

-12.5% | -$355,000

Maverick, #2C
$2,495,000

Chelsea | Condominium | 2 Bedrooms, 2.5 Baths | 1,120 ft²

Maverick, #2C (Douglas Elliman Real Estate)

From the Listing: Immaculately designed, this 1,120-square-foot split two-bedroom, two-and-one-half-bathroom residence with northeastern exposures boasts an oversized 890-square-foot private terrace, with oversized tilt-and-turn windows, and seven-inch-wide white European oak flooring throughout. Adjacent to the entry, the jewel box powder room is sleekly styled with honed Misty Black granite stone walls and floors, venetian plaster walls and rubbed bronze accents. The open kitchen boasts a fully integrated Miele appliance package including a dishwasher and wine fridge. See floor plan and full details here.

These listings were among approximately 130 condos, co-ops, condops, and townhouses in core New York City areas that experienced price reductions from August 19-25, 2025. A selection of notable listings, as well as a full list of last week's price reductions, 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

Would you like to tour any of these properties?

Just complete the info below.

Select which properties are of interest to you:

The Sequoia, 345 East 77th Street
Tudor Tower, 25 Tudor City Place
The Monarch, 200 East 89th Street
340 East 80th Street
206 East 90th Street
One57, 157 West 57th Street
Maverick, 215 West 28th Street
245 West 24th Street
Metal Shutter Houses, 524 West 19th Street
Blue, 105 Norfolk Street
555 West 149th Street
The Alfred, 161 West 61st Street
The Franklin, 9 Murray Street
Cast Iron Building, 67 East 11th Street
The Greenwich Lane, 160 West 12th Street
40 Bleecker Street
W Residences, 123 Washington Street

Or call us at (212) 755-5544

-9.8% | -$2,450,000

One57, #52B
$22,500,000

Midtown West | Condominium | 5 Bedrooms, 5.5 Baths | 5,475 ft²

One57, #52B (Douglas Elliman Real Estate)

From the Listing: Introducing Residence 52B at One57 - A commanding 5,475-square-foot corner home that redefines scale, light, and luxury in New York City. With four exposures and incredible Central Park, Hudson River, and skyline views, this residence offers a visual experience that's as rare as it is breathtaking. Featuring five bedrooms and five-and-a-half baths, this home speaks volumes-not only as one of the largest in One57, but as a truly exceptional offering in Billionaires' Row, where five-bedroom residences are virtually unheard of. See floor plan and full details here.

-7.8% | -$500,000

The Greenwich Lane, #51
$5,950,000

Greenwich Village | Condominium | 2 Bedrooms, 2.5 Baths | 1,565 ft²

The Greenwich Lane, #51 (Douglas Elliman Real Estate)

From the Listing: A beautifully appointed and sun-drenched 2-bedroom, 2.5-bathroom home with southern exposures and tranquil views of the private courtyard at The Greenwich Lane. Spanning nearly 1,600 square feet, this spacious residence features 10-foot beamed ceilings, impeccable closet space, floor-to-ceiling windows, and an ideal layout for both quiet living and entertaining. See floor plan and full details here.

-15.5% | -$680,000

Metal Shutter Houses, #1
$3,700,000

Chelsea | Condominium | 3 Bedrooms, 3 Baths | 1,986 ft²

Metal Shutter Houses, #1 (Serhant)

From the Listing: Designed by Pritzker Architecture Prize winner Shigeru Ban, Metal Shutter Houses is a boutique condominium situated on a quiet street in Chelsea. A luminous duplex condo thats been gut-renovated, this floor-through 3-bedroom, 3-bathroom home situated on the second floor of the building is a sleek expression of contemporary city luxury. With airy 20-foot ceilings and a pair of private outdoor spaces that includes an approximately 350-square-foot south-facing garden accessible through a fully retractable floor-to-ceiling glass wall, every fixture and finish of this 1,986-square-foot apartment has been hand selected, and no detail has been overlooked. See floor plan and full details here.

-8.4% | -$295,000

The Franklin, #5SE
$3,200,000

Tribeca | Condominium | 3 Bedrooms, 2 Baths | 2,084 ft²

The Franklin, #5SE (Sothebys International Realty)

From the Listing: Welcome to Residence 5SE at 9 Murray Street. This perfectly laid out 3-bedroom and 2 full bath loft, features 2,084+/- square feet of living and entertaining space and fantastic south-facing light. Entering the apartment you are welcomed by a gracious foyer and vast living room. The open chef's kitchen features top-of-the-line appliances and a large breakfast bar. See floor plan and full details here.

-9.6% | -$250,000

40 Bleecker Street, #3H
$2,350,000

NoHo | Condominium | 1 Bedroom, 1 Bath | 743 ft²

40 Bleecker Street, #3H (Douglas Elliman Real Estate)

From the Listing: Welcome to Residence 3H, where soaring 10-foot coved ceilings and expansive east-facing windows invite bright, natural light while offering serene views of the beautifully landscaped garden. At the heart of the home is a meticulously designed kitchen by Ryan Korban, featuring a striking statuary marble island, matching countertops and backsplash, and a dramatic book-matched marble hood. Unit 3H is being sold with private storage. See floor plan and full details here.

-11.1% | -$250,000

867 Lafayette Avenue, #TH
$2,000,000

Bedford-Stuyvesant | Townhouse | 6+ Bedrooms, 4 Baths | 3,400 ft²

867 Lafayette Avenue, #TH (Christies International Real Estate Group LLC)

From the Listing: Welcome to 867 Lafayette Avenue, a meticulously maintained 3,400-square-foot multifamily townhouse in the heart of Brooklyn. Whether you're seeking a spacious owner's residence with rental income or a prime investment opportunity, this home is a rare gem! Step into the expansive owner's triplex, designed for both comfort and entertaining. See floor plan and full details here.

-10% | -$200,000

The Monarch, #27D
$1,795,000

Yorkville | Condominium | 3 Bedrooms, 3 Baths | 1,327 ft²

The Monarch, #27D (Douglas Elliman Real Estate)

From the Listing: Perched on the 27th floor, this 3-bedroom, 3-bathroom corner unit, offers an elevated lifestyle at the esteemed Monarch Condominium. As you enter through the formal foyer, you are greeted by an oversized living room and dining area. The dual southern and eastern exposure floods the space with natural light, while the south-facing balcony offers an outdoor retreat. See floor plan and full details here.

-6.7% | -$100,000

The Alfred, #16F
$1,395,000

Lincoln Center | Condominium | 1 Bedroom, 1.5 Baths | 948 ft²

The Alfred, #16F (Douglas Elliman Real Estate)

From the Listing: Don't miss seeing this oversized one-bedroom/convertible two-bedroom with 2 bathrooms, one full marble bathroom and one guest 1/2 bathroom off of the living room. The spacious living room with dining area has multiple floor-to-ceiling sliding glass doors onto a large wraparound terrace. The kitchen has all new appliances, granite counter tops, and custom cabinetry. See floor plan and full details here.

-7.2% | -$105,000

340 East 80th Street, #17D
$1,345,000

Yorkville | Cooperative | 2 Bedrooms, 2 Baths

340 East 80th Street, #17D (Nest Seekers LLC)

From the Listing: Welcome to your new Upper East Side sanctuary at 340 East 80th Street — a spacious, sun-drenched co-op that blends modern upgrades with classic charm. As you step inside, you’re immediately welcomed by a beautifully renovated, windowed kitchen, designed to impress with sleek lacquered cabinetry and top-of-the-line appliances. The open layout flows seamlessly into a generous dining alcove and expansive living room, where unobstructed north and west exposures bathe the space in radiant natural light throughout the day. See floor plan and full details here.

-6.5% | -$75,000

Cast Iron Building, #517
$1,075,000

Greenwich Village | Cooperative | 1 Bedroom, 1 Bath

Cast Iron Building, #517 (Compass)

From the Listing: Make your move into this Greenwich Village 19th century duplex loft that boasts soaring 13’ ceilings, modern renovations, exceptional storage space and gorgeous original character. That’s right, all the original and restored cast iron Corinthian Columns have been well-kept and are highlighted in this lovely home. See floor plan and full details here.

-16% | -$200,000

245 West 24th Street, #GARDEN
$1,050,000

Chelsea | Cooperative | 1 Bedroom, 1 Bath | 1,000 ft²

245 West 24th Street, #GARDEN (Christies International Real Estate Group LLC)

From the Listing: Tucked away on a quiet, tree-lined block in vibrant Chelsea, this beautiful garden-level, floor-through apartment offers a rare blend of privacy, style, and modern convenience. Fronted by ornate ironwork, a stately brick facade, and lovely landscaping, the home boasts undeniable curb appeal. Inside, the space unfolds into a stylish, thoughtfully designed interior highlighted by a spacious open-concept living and dining area, hardwood floors, a modern center island kitchen, and direct views to the private garden. See floor plan and full details here.

-8.7% | -$95,100

Blue, #2B
$999,900

Lower East Side | Condominium | 2 Bedrooms, 1 Bath | 841 ft²

Blue, #2B (Sothebys International Realty)

From the Listing: Back on the market! Bask in the radiant glow of floor-to-ceiling, privacy-tinted windows that set the stage in this loft-inspired 2-bedroom apartment, located in the iconic Blue condominium. This home is outfitted with sleek amenities, including an in-unit Bosch washer/dryer, soaring 10-foot ceilings, automated shades, custom lighting, and an elite Bang & Olufsen sound system. For contracts signed by August 31, 2025, the owner is offering a $10,000 credit toward common charges, bringing your monthly common charges to $1,258 for two years. See floor plan and full details here.

-28.7% | -$395,000

W Residences, #44G
$980,000

Financial District | Condominium | 1 Bedroom, 1 Bath | 708 ft²

W Residences, #44G (Douglas Elliman Real Estate)

From the Listing: The W Residence New York Downtown. David Rockwell designed Lobby. Apartment Features: Building Features: Courtyard, Roof deck, Terrace, Exercise room, Maid service, Laundry service, Cable TV ready, Health club See floor plan and full details here.

-13.6% | -$126,000

Tudor Tower, #2119
$799,000

Turtle Bay/United Nations | Cooperative | 2 Bedrooms, 2 Baths | 900 ft²

Tudor Tower, #2119 (Douglas Elliman Real Estate)

From the Listing: Welcome to an extraordinary living experience in the iconic Tudor City neighborhood! This stunning corner end unit 1 large bedroom/ jr 2-bedroom, 2-bathroom coop, located at 25 Tudor City Place, Unit 2119, offers an exceptional opportunity to embrace metropolitan living from the 21st floor of a historic pre-war high-rise with views from every window. Spanning 900 square feet, this perfectly maintained unit boasts north and west exposures, providing captivating cityscape vistas that will leave you in awe. Seller wants to selllll! See floor plan and full details here.

-8.1% | -$60,995

555 West 149th Street, #3
$689,000

Hamilton Heights | Condominium | 2 Bedrooms, 1 Bath | 1,050 ft²

555 West 149th Street, #3 (Corcoran Group)

From the Listing: Apartment 3 is a mint-condition, oversized FULL-FLOOR two-bedroom condo unit with 12 windows, four exposures, and abundant storage! Currently, the unit is configured as a large one-bedroom, see alternative floor plans which shows where the natural second bedroom was. Upon entering, you'll be captivated by the large open layout that seamlessly connects the living, dining, and kitchen areas, perfect for entertaining. Motivated seller! See floor plan and full details here.

-9.7% | -$70,000

The Sequoia, #3C
$655,000

Lenox Hill | Cooperative | 2 Bedrooms, 1 Bath

The Sequoia, #3C (Compass)

From the Listing: Welcome home to your charming 2-bedroom co-op, nestled on a quiet, tree-lined street in the heart of the Upper East Side. Step inside a thoughtfully designed layout that effortlessly combines classic charm with modern updates. Unit 3C features hardwood floors throughout and an updated kitchen with stainless steel appliances and granite countertops extending throughout. See floor plan and full details here.

-5% | -$25,000

206 East 90th Street, #4W
$475,000

Yorkville | Cooperative | 1 Bedroom, 1 Bath

206 East 90th Street, #4W (Douglas Elliman Real Estate)

From the Listing: Welcome to this beautifully updated and meticulously maintained one-bedroom residence, offering a harmonious blend of historic charm and modern comfort. Nestled within a classic brownstone at 206 East 90th Street, this spacious home is bathed in natural light and features striking original brick walls that lend warmth, texture, and character throughout. The open and versatile layout includes a generously proportioned eat-in kitchen, distinct dining and living areas, and a windowed bathroom with garden views. See floor plan and full details here.

Would you like to tour any of these properties?

Just complete the info below.

Select which properties are of interest to you:

The Sequoia, 345 East 77th Street
Tudor Tower, 25 Tudor City Place
The Monarch, 200 East 89th Street
340 East 80th Street
206 East 90th Street
One57, 157 West 57th Street
Maverick, 215 West 28th Street
245 West 24th Street
Metal Shutter Houses, 524 West 19th Street
Blue, 105 Norfolk Street
555 West 149th Street
The Alfred, 161 West 61st Street
The Franklin, 9 Murray Street
Cast Iron Building, 67 East 11th Street
The Greenwich Lane, 160 West 12th Street
40 Bleecker Street
W Residences, 123 Washington Street

Or call us at (212) 755-5544

Would you like to tour any of these properties?

In this article:

-10.3% | -$2,050,000

46 East 71st Street, #TH
$17,900,000

-12.5% | -$355,000

Maverick, #2C
$2,495,000

Select which properties are of interest to you:

-9.8% | -$2,450,000

One57, #52B
$22,500,000

-7.8% | -$500,000

The Greenwich Lane, #51
$5,950,000

-15.5% | -$680,000

Metal Shutter Houses, #1
$3,700,000

-8.4% | -$295,000

The Franklin, #5SE
$3,200,000

-9.6% | -$250,000

40 Bleecker Street, #3H
$2,350,000

-11.1% | -$250,000

867 Lafayette Avenue, #TH
$2,000,000

-10% | -$200,000

The Monarch, #27D
$1,795,000

-6.7% | -$100,000

The Alfred, #16F
$1,395,000

-7.2% | -$105,000

340 East 80th Street, #17D
$1,345,000

-6.5% | -$75,000

Cast Iron Building, #517
$1,075,000

-16% | -$200,000

245 West 24th Street, #GARDEN
$1,050,000

-8.7% | -$95,100

Blue, #2B
$999,900

-28.7% | -$395,000

W Residences, #44G
$980,000

-13.6% | -$126,000

Tudor Tower, #2119
$799,000

-8.1% | -$60,995

555 West 149th Street, #3
$689,000

-9.7% | -$70,000

The Sequoia, #3C
$655,000

-5% | -$25,000

206 East 90th Street, #4W
$475,000

Swim with a View: 30 Manhattan buildings with high-floor swimming pools and fitness centers

Price Cuts: Baz Luhrmann’s Gramercy townhouse slashed by $7M; New discounts at Brooklyn and Queens’ tallest towers

NYC Contracts: $80M trophy penthouse signed at 80 Clarkson; One High Line's last penthouse finds a buyer

Above the Crowd: NYC apartments with skyline views as observation deck boom reaches new heights

Seven tips for getting past NYC's toughest co-op boards + Prewar gems with open houses

Price Cuts: Cathedral-like condo in former convent drops below $2M; Fifth Avenue five-bed gets $5M haircut

Pre-war vs. Post-war: Pros, cons, and featured listings

Price-reduced NYC listings increase ahead of Memorial Day; Leslie Alexander's Gramercy Park penthouse down by 50%

Price Cuts: Lehman Brothers heiress' Upper East Side mansion cut by $2M; Price reductions at Maverick

In this article:

-10.3% | -$2,050,000 46 East 71st Street, #TH$17,900,000

-12.5% | -$355,000 Maverick, #2C$2,495,000

Select which properties are of interest to you:

-9.8% | -$2,450,000 One57, #52B$22,500,000

-7.8% | -$500,000 The Greenwich Lane, #51$5,950,000

-15.5% | -$680,000 Metal Shutter Houses, #1$3,700,000

-8.4% | -$295,000 The Franklin, #5SE$3,200,000

-9.6% | -$250,000 40 Bleecker Street, #3H$2,350,000

-11.1% | -$250,000 867 Lafayette Avenue, #TH$2,000,000

-10% | -$200,000 The Monarch, #27D$1,795,000

-6.7% | -$100,000 The Alfred, #16F$1,395,000

-7.2% | -$105,000 340 East 80th Street, #17D$1,345,000

-6.5% | -$75,000 Cast Iron Building, #517$1,075,000

-16% | -$200,000 245 West 24th Street, #GARDEN$1,050,000

-8.7% | -$95,100 Blue, #2B$999,900

-28.7% | -$395,000 W Residences, #44G$980,000

-13.6% | -$126,000 Tudor Tower, #2119$799,000

-8.1% | -$60,995 555 West 149th Street, #3$689,000

-9.7% | -$70,000 The Sequoia, #3C$655,000

-5% | -$25,000 206 East 90th Street, #4W$475,000

Select which properties are of interest to you:

Listings in this article

Tags:

Related Articles

Swim with a View: 30 Manhattan buildings with high-floor swimming pools and fitness centers

Price Cuts: Baz Luhrmann’s Gramercy townhouse slashed by $7M; New discounts at Brooklyn and Queens’ tallest towers

NYC Contracts: $80M trophy penthouse signed at 80 Clarkson; One High Line&#039;s last penthouse finds a buyer

Above the Crowd: NYC apartments with skyline views as observation deck boom reaches new heights

Seven tips for getting past NYC&#039;s toughest co-op boards + Prewar gems with open houses

Price Cuts: Cathedral-like condo in former convent drops below $2M; Fifth Avenue five-bed gets $5M haircut

Pre-war vs. Post-war: Pros, cons, and featured listings

Price-reduced NYC listings increase ahead of Memorial Day; Leslie Alexander&#039;s Gramercy Park penthouse down by 50%

Search

Market Data

Market Insight

CityRealty

My Account

-10.3% | -$2,050,000

46 East 71st Street, #TH
$17,900,000

-12.5% | -$355,000

Maverick, #2C
$2,495,000

-9.8% | -$2,450,000

One57, #52B
$22,500,000

-7.8% | -$500,000

The Greenwich Lane, #51
$5,950,000

-15.5% | -$680,000

Metal Shutter Houses, #1
$3,700,000

-8.4% | -$295,000

The Franklin, #5SE
$3,200,000

-9.6% | -$250,000

40 Bleecker Street, #3H
$2,350,000

-11.1% | -$250,000

867 Lafayette Avenue, #TH
$2,000,000

-10% | -$200,000

The Monarch, #27D
$1,795,000

-6.7% | -$100,000

The Alfred, #16F
$1,395,000

-7.2% | -$105,000

340 East 80th Street, #17D
$1,345,000

-6.5% | -$75,000

Cast Iron Building, #517
$1,075,000

-16% | -$200,000

245 West 24th Street, #GARDEN
$1,050,000

-8.7% | -$95,100

Blue, #2B
$999,900

-28.7% | -$395,000

W Residences, #44G
$980,000

-13.6% | -$126,000

Tudor Tower, #2119
$799,000

-8.1% | -$60,995

555 West 149th Street, #3
$689,000

-9.7% | -$70,000

The Sequoia, #3C
$655,000

-5% | -$25,000

206 East 90th Street, #4W
$475,000

NYC Contracts: $80M trophy penthouse signed at 80 Clarkson; One High Line's last penthouse finds a buyer

Seven tips for getting past NYC's toughest co-op boards + Prewar gems with open houses

Price-reduced NYC listings increase ahead of Memorial Day; Leslie Alexander's Gramercy Park penthouse down by 50%