
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.
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.
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.
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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)


-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)




-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)


-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)


-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)



8 Charles Lane, #THC (Compass)


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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)

-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)


-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)

-15.4% | $300,000
Windsor Tower, #PH5
$1,650,000
Turtle Bay/United Nations | Cooperative | 1 Bedroom, 1.5 Baths

Windsor Tower, #PH5 (Compass)


-4.4% | $70,000
Rutherford Place, #523
$1,525,000
Gramercy Park | Condominium | 2 Bedrooms, 1 Bath | 960 ft2

Rutherford Place, #523 (Corcoran Group)


-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)


-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)

-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)


-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)

-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)


-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)

-16.9% | -$169,000
The Diana, #PH505
$830,000
Bedford-Stuyvesant | Condominium | 1 Bedroom, 1 Bath | 683 ft2

The Diana, #PH505 (Compass)



Ten43 Halsey, #1 (Compass)


-14.2% | -$120,100
The Ascot, #17F
$724,900
Flatiron/Union Square | Cooperative | 1 Bedroom, 1 Bath
The Ascot, #17F (Corcoran Group)
-13.8% | -$110,000
London Terrace Towers, #8F
$685,000
Chelsea | Cooperative | Studio, 1 Bath

London Terrace Towers, #8F (Compass)

-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)


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

Would you like to tour any of these properties?
Just complete the info below.
Or call us at (212) 755-5544
Would you like to tour any of these properties?