Price Cuts: Liquor exec's Park Ave spread gets $1.25M haircut; Chelsea townhouse of Victorian actress gets discount

The Sonora, #6/7B (Brown Harris Stevens)

Wednesday, Jan 22, 2025 By CityRealty Staff, CityRealty contributor

Perhaps due to seasonality, residential inventory is down all over New York as of this writing. Scarcity like this can't help but drive prices up, though CityRealty data shows that prices have been climbing, especially in prime residential neighborhoods, over the past several months.

As a result, just over 150 condos, co-ops, condops, and townhouses throughout New York experienced price reductions from January 14-20, 2025, down from over 200 price cuts the previous week. These included multiple listings in new developments like 77 Greenwich Street in the Financial District, Smithsonian Place in Harlem, The Diana in Bedford-Stuyvesant, and 462 St. Mark's Avenue in Crown Heights.

They also included 353 West 22nd Street, a Neo-Grec townhouse located on a tree-lined Chelsea street. The listing notes that it dates back to 1874, when it was one of two mirror-image townhouses commissioned by James Condie, who pivoted from a successful pharmacy career to real estate development. Daytonian in Manhattan notes that the architect of the houses is not known, but could very well have been architect Charles R. Lamb, Mr. Condie's son-in-law.

In the 1890s, actress Clara Louise Thompson moved into 353 West 22nd Street. She had a successful career, most notoriously playing a male lead role in The Knights of Tyburn, but was fired from the play following bad publicity in the wake of the death of her married lover, actor Henry Aveling.

At street level in the present day, 353 West 22nd Street looks much as it did in the late 19th century. It currently contains two apartments, one of which has renters in place, though a single-family conversion would not be impossible. It was listed for just under $6 million in July 2024, and was just reduced to $5.8 million.

Further uptown, another unit to have its price reduced was the Park Avenue apartment of business executive/former U.S. Ambassador to Austria Lee Brown, whose firm produces a wide variety of alcoholic beverages, most notably Jack Daniels whiskey. His duplex apartment in The Sonora, a prestigious cooperative designed by Rosario Candela, was listed for $12.995 million in October 2024, following his death in June 2024. Last week's price reduction brings it down to $11.75 million. Public records show that Mr. Brown and his wife purchased it for about $18 million in 2007.

A selection of notable listings, as well as a full chart of last week's price cuts, may be found below. Please be advised that all quoted figures reflect cumulative price cuts as opposed to the most recent reductions.

-9.6% | -$1,245,000

The Sonora, #6/7B
$11,750,000

Park/Fifth Ave. to 79th St. | Cooperative | 4 Bedrooms, 6+ Baths

The Sonora, #6/7B (Brown Harris Stevens Residential Sales LLC)

From the Listing: This grand and sophisticated duplex residence is located in the esteemed Rosario Candela-designed building at 770 Park Avenue in the heart of the Upper East Side. The apartment boasts a gracious layout with superb prewar details throughout. The entertaining rooms and three of the four bedrooms have an eastern exposure overlooking Park Avenue. Upon entering, you are greeted by an impressive entrance gallery with a sweeping curved staircase. A separate staff room located on the third floor of the building is included in the sale. See floor plan and full details here.

-3.3% | -$195,000

353 West 22nd Street, #TH
$5,800,000

Chelsea | Townhouse | 6+ Bedrooms, 4 Baths | 3,300 ft²

353 West 22nd Street, #TH (Serhant)

From the Listing: Graced with a stunning Neo-Grec facade and original 19th-century details throughout, this distinguished four-story residence is one of two mirror-image townhomes commissioned by a successful pharmacist who immigrated from Scotland in the mid-1800s. UNIT 1 is a sumptuous 2-bedroom, 2-bathroom garden duplex with a private entrance, a gorgeous loft, and a tranquil backyard with flagstone pavers and plenty of space for entertaining. UNIT 2 is a 4-bedroom, 2-bathroom triplex with a skylit spiral staircase, large rooms, and wonderful natural light. See floor plan and full details here.

-10.6% | -$500,000

98 Front Street, #PH1G
$4,195,000

DUMBO | Condominium | 4 Bedrooms, 3.5 Baths | 2,115 ft²

98 Front Street, #PH1G (Compass)

From the Listing: Discover the pinnacle of modern urban living in this uber-chic, tranquil and sun-soaked penthouse in the heart of DUMBO. With 755 square feet of private outdoor space ideally spanning the entire great room and primary suite, PH-1G offers a seamless outdoor extension to the jumbo living space- perfect for entertaining or relaxation. Step inside and be wowed by this thoughtfully designed, lofty, minimalist interior with floor-to-ceiling windows throughout, ceiling heights at 10’6” and two designated bedroom wings. Deeded parking space and large storage unit included. See floor plan and full details here.

-12% | $395,000

The American Thread Building, #4G
$2,900,000

Tribeca | Condominium | 3 Bedrooms, 2 Baths | 1,450 ft²

The American Thread Building, #4G (Corcoran Group)

From the Listing: This stunning Tribeca three-bedroom, two-bath apartment in mint condition is ready for you to call it home. The entry foyer has beautiful custom millwork, illuminated bookshelves and 7" wide, French Cut White Oak floors, which opens to a well-appointed living room, with oversized, triple-glazed imported casement windows. The dining area features a large bench seat with storage underneath and flows seamlessly into the open chef's kitchen with appliances from Liebherr and Miele. Conveys with a deeded storage cage. See floor plan and full details here.

-37.5% | $1,646,000

77 Greenwich Street, #30C
$2,749,000

Financial District | Condominium | 3 Bedrooms, 3.5 Baths | 1,905 ft²

77 Greenwich Street, #30C (Reuveni LLC)

From the Listing: This brand new three-bedroom, three and a half-bath home includes floor-to-ceiling crystalline glass windows allowing for an abundance of natural light, stunning water views and soaring ceilings of close to 11’.The gracious entryway features custom millwork and stone flooring. The Deborah Berke custom designed European Poliform kitchen is highly designed to seamlessly integrate natural light and water elements which is evident within the stone and cabinet design elements. The primary bedroom has a spacious walk-in closet and en-suite bathroom with radiant heated honed white striated marble floors. See floor plan and full details here.

-9.1% | $250,000

8 Charles Lane, #THC
$2,500,000

West Village | Cooperative | 2 Bedrooms, 2 Baths

8 Charles Lane, #THC (Compass)

From the Listing: Welcome home to this West Village treasure, one of twelve quaint townhouses that form a coop, each with its own private entrance through charming front gardens. Step from your patio into the bright living room, with 12' ceilings, oversized windows looking north, and tons of space for art. The eat-in kitchen, elevated several steps up from the lofty living area, has marble flooring, granite countertops, custom cabinetry, and chef's appliances by Viking and Sub-Zero. See floor plan and full details here.

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-4.6% | $105,000

Metropolitan Tower, #60C
$2,195,000

Midtown West | Condominium | 1 Bedroom, 2 Baths | 1,090 ft²

Metropolitan Tower, #60C (Christies International Real Estate Group LLC)

From the Listing: Opportunity to own this gorgeous apartment with park and city views - available for sale after 22 years. Upon entering this lovely home, you will be amazed at the meticulous attention to detail and wowed by the views. The open kitchen was created with the chef in mind, featuring high-end appliances, expert cabinetry, and rich granite countertops. The living room is ideal for entertaining and features a dining area, wet bar, wine cooler, and sleeping area for overnight guests. See floor plan and full details here.

-20.8% | $550,000

76 Madison Avenue, #7B
$2,100,000

NoMad/Flatiron District | Condominium | 2 Bedrooms, 2 Baths | 1,328 ft²

76 Madison Avenue, #7B (Compass)

From the Listing: This 2-bedroom, 2-bathroom loft offers expansive living space with high beamed ceilings and an open chef's kitchen, fully equipped with a Sub-Zero refrigerator and Miele appliances. Meticulously designed, the oversized windows flood the home with natural light, highlighting the warmth of the elegant hardwood floors throughout. The living area is wired with hidden speakers, perfect for seamless entertaining. See floor plan and full details here.

-2.8% | -$55,000

256 West 88th Street, #PARLOR
$1,895,000

Riverside Dr./West End Ave. | Condominium | 2 Bedrooms, 2 Baths | 1,130 ft²

256 West 88th Street, #PARLOR (Douglas Elliman Real Estate)

From the Listing: With soaring ceilings, this full-floor home's south-facing open concept living space features a grand living and dining area, a custom designed chef’s kitchen, and an expansive 131-square-foot terrace that seamlessly blends entertaining and relaxing. The spacious primary suite boasts ample natural light and views of the historic tree-lined Upper West Side streets. See floor plan and full details here.

-15.4% | $300,000

Windsor Tower, #PH5
$1,650,000

Turtle Bay/United Nations | Cooperative | 1 Bedroom, 1.5 Baths

Windsor Tower, #PH5 (Compass)

From the Listing: Penthouse 5 is a truly spectacular home with soaring 15-foot casement windows overlooking the dramatic Midtown skyline. The Great Room’s dramatic scale features 18-foot ceilings and 15-foot casement windows with spectacular unobstructed midtown views including the Chrysler Building. The elegant, wrapping hand-painted cast iron staircase brings you to the upper level. A nearly 300-square-foot private terrace is a perfect oasis in the sky, with plenty of room for dining, sunbathing, gardening, and more. See floor plan and full details here.

-4.4% | $70,000

Rutherford Place, #523
$1,525,000

Gramercy Park | Condominium | 2 Bedrooms, 1 Bath | 960 ft²

Rutherford Place, #523 (Corcoran Group)

From the Listing: Step into elegance in this stylish duplex condo nestled in the heart of Gramercy. The moment you enter, you’ll be captivated by the soaring 16-foot ceilings in the living room and primary bedroom, accentuated by dramatic 10-foot-high casement windows that bathe the space in natural light. Recent renovations elevate this home to new heights of comfort and style. See floor plan and full details here.

-15.8% | $280,000

The 462 St. Marks Avenue Condominium, #501
$1,495,000

Crown Heights | Condominium | 2 Bedrooms, 2 Baths | 1,084 ft²

The 462 St. Marks Avenue Condominium, #501 (Corcoran Group)

From the Listing: This expansive two-bedroom home lives like a penthouse with TWO private outdoor spaces that include a south-facing terrace off the living room, perfect to expand your living space into the great outdoors. Plus there is an additional large private balcony off the primary suite. Distinguished by its loft-like living room, oversized bedrooms, and huge kitchen with large pantry space. See floor plan and full details here.

-9.1% | $145,000

Gramercy Starck, #14D
$1,450,000

Gramercy Park | Condominium | 2 Bedrooms, 2 Baths | 1,071 ft²

Gramercy Starck, #14D (Sothebys International Realty)

From the Listing: Sun drenched 2-bedroom/ 2-bathroom home with south-facing private balcony in The Gramercy Starck! Featuring white oak floors, floor-to-ceiling windows and open downtown city views, this high floor unit faces away from 23rd Street and is pin-drop quiet! The kitchen is equipped with white stone countertops, Sub-Zero refrigerator with freezer drawers, a Miele oven and cooktop, and Fisher Paykel dishwasher. See floor plan and full details here.

-5.8% | $80,000

One Essex Crossing, #7L
$1,295,000

Lower East Side | Condominium | 1 Bedroom, 1 Bath | 742 ft²

One Essex Crossing, #7L (Brown Harris Stevens Residential Sales LLC)

From the Listing: Sunglasses are a must when entering into your brand new CetraRuddy-designed one-bedroom, one-bathroom southeastern facing home. Oversized windows beckon you as you take in the 10' ceilings, beautiful European oak wide-plank floors and elevated garden and open sky views. Entertain as much as you like in the comfort of your spacious yet sleek kitchen with stunning lacquer and oak Italian cabinetry custom created by Moca with honed Dolomiti marble countertops, backsplash and waterfall side detail. See floor plan and full details here.

-15.3% | $226,000

Smithsonian Place, #301
$1,249,000

Harlem | Condominium | 3 Bedrooms, 2.5 Baths | 1,177 ft²

Smithsonian Place, #301 (Douglas Elliman Real Estate)

From the Listing: Residence 301 is a 1,177-square-foot three-bedroom and two and a half-bathroom, offering incredible value for the space and the quality. Crisp detailing and calm colors merge effortlessly with the warmth of the late 19th-century architecture. Natural materials like stone and timber create a tranquil canvas for life. Expansive double-glazed casement windows saturate the home with natural light, typical ceiling heights from 9 to 10 feet, white oak hardwood flooring and fitted bedroom closets and washer/dryer cabinets. See floor plan and full details here.

-3.4% | $40000

The Murray Hill Crescent, #18K
$1,150,000

Murray Hill | Cooperative | 2 Bedrooms, 2 Baths | 1,100 ft²

The Murray Hill Crescent, #18K (Elegran LLC)

From the Listing: High on the 18th floor with open city views encompassing the Empire State and Chrysler Buildings, this apartment will wow you with its light and ample space. The open kitchen was recently renovated, and the primary suite amazes with its generous closet space and private terrace. See floor plan and full details here.

-9.5% | $100,000

Hampton House, #21C
$950,000

Lenox Hill | Condominium | 1 Bedroom, 1 Bath

Hampton House, #21C (Brown Harris Stevens Residential Sales LLC)

From the Listing: Sunny, bright corner one-bedroom on the 21st floor boasts a private balcony, west and north exposures, and room to create a home office in the living room. The entry foyer leads to spacious living room with two walls of windows that let in sunlight all day long. The renovated kitchen has a large window and stainless steel appliances. See floor plan and full details here.

-16.9% | -$169,000

The Diana, #PH505
$830,000

Bedford-Stuyvesant | Condominium | 1 Bedroom, 1 Bath | 683 ft²

The Diana, #PH505 (Compass)

From the Listing: PH505 comes with 325 square feet of outdoor space. The residence features top-of-the-line appliances and fixtures, artful design finishes, floor to ceiling windows that lead to private outdoor terraces, and access to inviting common areas. Immediate occupancy! See floor plan and full details here.

-7.6% | -$67,000

Ten43 Halsey, #1
$810,000

Bushwick | Condominium | 2 Bedrooms, 2 Baths | 877 ft²

Ten43 Halsey, #1 (Compass)

From the Listing: A backyard lover’s dream in the heart of Bushwick! Step into this thoughtfully designed two-bedroom, two-bathroom home, where an open kitchen seamlessly flows into the living and dining areas. The kitchen features premium stainless steel appliances, plenty of counter space and storage. From the living room, step out onto your private patio that overlooks a serene, tree-lined garden. The two bedrooms are at two opposite ends of the apartment, offering privacy and flexibility. See floor plan and full details here.

-14.2% | -$120,100

The Ascot, #17F
$724,900

Flatiron/Union Square | Cooperative | 1 Bedroom, 1 Bath

The Ascot, #17F (Corcoran Group)

From the Listing: This newly renovated high-floor unit located on the 17th floor is bathed in natural light from generous windows facing west, enhanced by open city views overlooking Park Avenue South. The generous floor plan includes a beautifully renovated kitchen with stainless steel appliances, white shaker cabinets, and quartz countertop. This unit also includes a renovated bathroom with a full-length vanity, new striking light-wood floors throughout the apartment, central AC/heat and an abundance of floor to ceiling closets with custom built-ins. Motivated seller! See floor plan and full details here.

-13.8% | -$110,000

London Terrace Towers, #8F
$685,000

Chelsea | Cooperative | Studio, 1 Bath

London Terrace Towers, #8F (Compass)

From the Listing: This impeccably renovated studio apartment offers an exquisite blend of modern luxury and timeless elegance, making it the perfect sanctuary in the city. Upon entering, you are immediately greeted by an abundance of natural light streaming through the double pane windows, which frame stunning unobstructed north and east views. The brand-new renovations throughout the apartment showcase meticulous attention to detail and high-quality craftsmanship. The well-appointed windowed kitchen is a culinary enthusiast's dream. See floor plan and full details here.

-10.3% | -$60,000

102 West 80th Street, #16
$520,000

Broadway Corridor | Cooperative | 1 Bedroom, 1 Bath

102 West 80th Street, #16 (Corcoran Group)

From the Listing: Welcome to Unit #16 at 102 West 80th Street, a charming and spacious one-bedroom apartment in the heart of the Upper West Side on a beautiful tree-lined street. The entry foyer leads into the well-lit open living space, with room for a dining table, a couch, and additional furniture. This unit features a fully equipped, open kitchen with modern appliances and with the space to add a kitchen bar island. Sponsor unit - no board approval required. See floor plan and full details here.

-6% | -$24,000

The Lincoln, #4RW
$375,000

Midtown West | Cooperative | 1 Bedroom, 1 Bath | 500 ft²

The Lincoln, #4RW (Brown Harris Stevens Residential Sales LLC)

From the Listing: This bright and sunny true one-bedroom apartment offers a north-facing living room, a queen-sized bedroom, soaring 9'5" ceilings, sunken living room, and rich hardwood floors. Perfectly situated in the heart of the Theater District, 347 West 44th Street is a well-managed building with great amenities, including a live-in super, laundry facilities, and a charming common backyard. Monthly maintenance includes heat, hot water, cable, and Wi-Fi. See floor plan and full details here.

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In this article:

-9.6% | -$1,245,000

The Sonora, #6/7B
$11,750,000

-3.3% | -$195,000

353 West 22nd Street, #TH
$5,800,000

-10.6% | -$500,000

98 Front Street, #PH1G
$4,195,000

-12% | $395,000

The American Thread Building, #4G
$2,900,000

-37.5% | $1,646,000

77 Greenwich Street, #30C
$2,749,000

-9.1% | $250,000

8 Charles Lane, #THC
$2,500,000

Select which properties are of interest to you:

-4.6% | $105,000

Metropolitan Tower, #60C
$2,195,000

-20.8% | $550,000

76 Madison Avenue, #7B
$2,100,000

-2.8% | -$55,000

256 West 88th Street, #PARLOR
$1,895,000

-15.4% | $300,000

Windsor Tower, #PH5
$1,650,000

-4.4% | $70,000

Rutherford Place, #523
$1,525,000

-15.8% | $280,000

The 462 St. Marks Avenue Condominium, #501
$1,495,000

-9.1% | $145,000

Gramercy Starck, #14D
$1,450,000

-5.8% | $80,000

One Essex Crossing, #7L
$1,295,000

-15.3% | $226,000

Smithsonian Place, #301
$1,249,000

-3.4% | $40000

The Murray Hill Crescent, #18K
$1,150,000

-9.5% | $100,000

Hampton House, #21C
$950,000

-16.9% | -$169,000

The Diana, #PH505
$830,000

-7.6% | -$67,000

Ten43 Halsey, #1
$810,000

-14.2% | -$120,100

The Ascot, #17F
$724,900

-13.8% | -$110,000

London Terrace Towers, #8F
$685,000

-10.3% | -$60,000

102 West 80th Street, #16
$520,000

-6% | -$24,000

The Lincoln, #4RW
$375,000

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In this article:

-9.6% | -$1,245,000 The Sonora, #6/7B$11,750,000

-3.3% | -$195,000 353 West 22nd Street, #TH$5,800,000

-10.6% | -$500,000 98 Front Street, #PH1G$4,195,000

-12% | $395,000 The American Thread Building, #4G$2,900,000

-37.5% | $1,646,000 77 Greenwich Street, #30C$2,749,000

-9.1% | $250,000 8 Charles Lane, #THC$2,500,000

Select which properties are of interest to you:

-4.6% | $105,000 Metropolitan Tower, #60C$2,195,000

-20.8% | $550,000 76 Madison Avenue, #7B$2,100,000

-2.8% | -$55,000 256 West 88th Street, #PARLOR$1,895,000

-15.4% | $300,000 Windsor Tower, #PH5$1,650,000

-4.4% | $70,000 Rutherford Place, #523$1,525,000

-15.8% | $280,000 The 462 St. Marks Avenue Condominium, #501$1,495,000

-9.1% | $145,000 Gramercy Starck, #14D$1,450,000

-5.8% | $80,000 One Essex Crossing, #7L$1,295,000

-15.3% | $226,000 Smithsonian Place, #301$1,249,000

-3.4% | $40000 The Murray Hill Crescent, #18K$1,150,000

-9.5% | $100,000 Hampton House, #21C$950,000

-16.9% | -$169,000 The Diana, #PH505$830,000

-7.6% | -$67,000 Ten43 Halsey, #1$810,000

-14.2% | -$120,100 The Ascot, #17F$724,900

-13.8% | -$110,000 London Terrace Towers, #8F$685,000

-10.3% | -$60,000 102 West 80th Street, #16$520,000

-6% | -$24,000 The Lincoln, #4RW$375,000

Select which properties are of interest to you:

Listings in this article

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Market Data

Market Insight

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My Account

-9.6% | -$1,245,000

The Sonora, #6/7B
$11,750,000

-3.3% | -$195,000

353 West 22nd Street, #TH
$5,800,000

-10.6% | -$500,000

98 Front Street, #PH1G
$4,195,000

-12% | $395,000

The American Thread Building, #4G
$2,900,000

-37.5% | $1,646,000

77 Greenwich Street, #30C
$2,749,000

-9.1% | $250,000

8 Charles Lane, #THC
$2,500,000

-4.6% | $105,000

Metropolitan Tower, #60C
$2,195,000

-20.8% | $550,000

76 Madison Avenue, #7B
$2,100,000

-2.8% | -$55,000

256 West 88th Street, #PARLOR
$1,895,000

-15.4% | $300,000

Windsor Tower, #PH5
$1,650,000

-4.4% | $70,000

Rutherford Place, #523
$1,525,000

-15.8% | $280,000

The 462 St. Marks Avenue Condominium, #501
$1,495,000

-9.1% | $145,000

Gramercy Starck, #14D
$1,450,000

-5.8% | $80,000

One Essex Crossing, #7L
$1,295,000

-15.3% | $226,000

Smithsonian Place, #301
$1,249,000

-3.4% | $40000

The Murray Hill Crescent, #18K
$1,150,000

-9.5% | $100,000

Hampton House, #21C
$950,000

-16.9% | -$169,000

The Diana, #PH505
$830,000

-7.6% | -$67,000

Ten43 Halsey, #1
$810,000

-14.2% | -$120,100

The Ascot, #17F
$724,900

-13.8% | -$110,000

London Terrace Towers, #8F
$685,000

-10.3% | -$60,000

102 West 80th Street, #16
$520,000

-6% | -$24,000

The Lincoln, #4RW
$375,000

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

Manhattan Sales: William Lauder sells at a loss; "Devil Wears Prada 2" writer buys on Park Avenue

See 20 Flatiron-style buildings and their availabilities as Landmarks tables "spaceship-like" addition in Meatpacking