On Tuesday, October 21, Governor Kathy Hochul, Lord Norman Foster, JPMorgan Chase chairman and CEO Jamie Dimon, and Tishman Speyer president and CEO Rob Speyer were among the luminaries at a ribbon-cutting ceremony for the new JPMorgan Chase headquarters at 270 Park Avenue. The 2.5 million-square-foot was the first development under the Midtown East rezoning of 2017, and is the tallest structure in New York completely powered by upstate hydroelectric energy.
The 60-story tower was able to achieve its soaring height thanks to air rights acquired from St. Patrick's Cathedral, St. Bartholomew's Church, and Central Synagogue. The eye-catching "fan column" design by Foster + Partners is underpinned by advanced sustainability features and smart technologies that predict and adjust to the building's energy needs. It was designed for LEED Platinum V4 certification and WELL Health-Safety Rating.
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A triple-height "Exchange" serves as the hub of the tower, and there are eight expansive trading floors. Additional features include outdoor terraces, a state-of-the-art health and wellness center with fitness areas and on-site medical services, a 19-restaurant food hall curated by Union Square Hospitality Group (h/t Eater), and a new curated art program in addition to the works of art the company already has.
"[270 Park Avenue]'s completion is a milestone moment for New York City, solidifying Midtown’s comeback post-pandemic as one of the world’s leading economic hubs" - Manhattan Borough President Mark Levine
It seems employees barely have to leave the office, and that could be precisely the point. Mr. Dimon has been a longtime proponent of return-to-office after the pandemic-induced lockdown, and many companies are now embracing return-to-office policies. That is good news for Manhattan's office core, where office availability is down and restaurants are bustling, not to mention the Midtown residential market. A Q3 2025 market report from Corcoran found that Midtown sales rose 12% annually to make it the strongest third quarter since 2021. This is largely attributed to a spike in new development sales, and the Midtown East market has seen such recent entrants as Waldorf Astoria Residences New York, Monogram New York, 520 Fifth Avenue, and Selene.
However, this is less rosy for buildings in farther-flung neighborhoods where remote workers could get more square footage for their money. Multiple listings at buildings like Quay Tower on the edge of Brooklyn Heights, 90 Herbert Street on the Williamsburg/Greenpoint nexus, 120 Java Street in Greenpoint, and 30 Bushwick Avenue in Bushwick were among about 300 New York City sales listings that experienced price reductions from October 14-20, 2025.
-8.9% | -$195,001
120 Java Street, #4B
$1,999,999
Greenpoint | Condominium | 2 Bedrooms, 2 Baths | 1,159 ft2
120 Java Street, #4B (Douglas Elliman Real Estate)
A particular case in point was La Mariposa, a newly constructed boutique condominium in Washington Heights where all five public availabilities had their prices cut. To further sweeten the deal, the sponsor is offering to pay the first year of common charges and taxes on the first three deals signed in the building.
While the building is located in close proximity to the West 181st Street 1 train, and the A is several blocks west, this still makes for a long commute to Midtown offices. But seven of the eight one- to two-bedroom units have such desirable features as private outdoor space, and all interiors feature oversized windows, oak flooring, kitchens with premium appliances, baths with radiant heated floors, ductless mini split air conditioning systems, and in-unit laundry.
While the building is located in close proximity to the West 181st Street 1 train, and the A is several blocks west, this still makes for a long commute to Midtown offices. But seven of the eight one- to two-bedroom units have such desirable features as private outdoor space, and all interiors feature oversized windows, oak flooring, kitchens with premium appliances, baths with radiant heated floors, ductless mini split air conditioning systems, and in-unit laundry.
-4.3% | -$30,000
La Mariposa, #3R
$669,000
Washington Heights | Condominium | 2 Bedrooms, 2 Baths | 803 ft2
La Mariposa, #3R (Brown Harris Stevens Residential Sales LLC)
A selection of notable listings, as well as a full chart of last week's 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
-12% | -$1,625,000
Quay Tower, #26A
$11,875,000
Brooklyn Heights | Condominium | 6+ Bedrooms, 5.5 Baths | 4,496 ft2
Quay Tower, #26A (Douglas Elliman Real Estate)
-10.6% | -$845,000
33 West 9th Street, #TH
$7,150,000
Greenwich Village | Townhouse | 6+ Bedrooms, 6+ Baths | 5,525 ft2
33 West 9th Street, #TH (Serhant)
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-11.5% | -$750,000
The Mondrian, #PH4
$5,750,000
Midtown East | Condominium | 3 Bedrooms, 3 Baths | 2,304 ft2
The Mondrian, #PH4 (Brown Harris Stevens Residential Sales LLC)
-13.5% | -$655,000
The Story House, #3A
$4,195,000
Flatiron/Union Square | Condominium | 3 Bedrooms, 3 Baths | 2,166 ft2
The Story House, #3A (Sothebys International Realty)
-13.3% | -$599,001
412 Classon Avenue, #TH
$3,899,999
Clinton Hill | Townhouse | 6+ Bedrooms, 3.5 Baths | 4,500 ft2
412 Classon Avenue, #TH (Compass)
-13.1% | -$451,000
The Cherbourg, #3C
$2,999,000
Central Park West | Cooperative | 3 Bedrooms, 3 Baths
The Cherbourg, #3C (Brown Harris Stevens Residential Sales LLC)
-11.1% | -$350,000
The Endicott, #615/616
$2,800,000
Broadway Corridor | Cooperative | 4 Bedrooms, 3 Baths
The Endicott, #615/616 (Corcoran Group)
-5.7% | -$151,000
520 LaGuardia Place, #6N
$2,499,000
Greenwich Village | Cooperative | 3 Bedrooms, 2 Baths
520 LaGuardia Place, #6N (Compass)
-9.3% | -$255,000
148 Clinton Avenue, #2
$2,495,000
Clinton Hill | Condominium | 3 Bedrooms, 2.5 Baths | 1,837 ft2
148 Clinton Avenue, #2 (Corcoran Group)
-9.3% | -$255,000
150 West 87th Street, #PHS
$2,495,000
Broadway Corridor | Cooperative | 3 Bedrooms, 2 Baths
150 West 87th Street, #PHS (Corcoran Group)
-15.1% | -$355,000
4 East 82nd Street, #1F/2F
$1,995,000
Carnegie Hill | Cooperative | 2 Bedrooms, 2 Baths
4 East 82nd Street, #1F/2F (Christies International Real Estate Group LLC)
-10% | -$200,000
The Hamilton, #2G
$1,795,000
Morningside Heights | Cooperative | 3 Bedrooms, 2 Baths
The Hamilton, #2G (Compass)
-11.5% | -$195,000
The Gemstone, #3J
$1,500,000
Riverside Dr./West End Ave. | Condominium | 2 Bedrooms, 2 Baths
The Gemstone, #3J (Corcoran Group)
-9.1% | -$150,000
419 East 57th Street, #MAISE
$1,500,000
Beekman/Sutton Place | Cooperative | 3 Bedrooms, 2.5 Baths
419 East 57th Street, #MAISE (Corcoran Group)
-4.1% | -$55,000
St. George Tower, #5QR
$1,295,000
Brooklyn Heights | Cooperative | 2 Bedrooms, 2 Baths
St. George Tower, #5QR (Nest Seekers LLC)
-13.4% | -$200,000
600 West End Avenue, #10F
$1,295,000
Riverside Dr./West End Ave. | Cooperative | 2 Bedrooms, 1 Bath
600 West End Avenue, #10F (Corcoran Group)
-10.7% | -$155,000
124 West 24th Street, #2B
$1,295,000
Chelsea | Condominium | 1 Bedroom, 2 Baths | 1,091 ft2
124 West 24th Street, #2B (UbiQ NY Ltd)
-10.5% | -$100,000
Lincoln Plaza Towers, #2F
$849,000
Lincoln Center | Cooperative | 1 Bedroom, 1 Bath
Lincoln Plaza Towers, #2F (Compass)
-11.1% | -$100,000
W Residences, #50H
$799,000
Financial District | Condominium | 1 Bedroom, 1 Bath | 606 ft2
W Residences, #50H (Serhant)
-9.1% | -$80,000
East River Coop, #C207
$795,000
Lower East Side | Cooperative | 2 Bedrooms, 1 Bath | 1,000 ft2
East River Coop, #C207 (Douglas Elliman Real Estate)
-16.3% | -$155,000
12 East 97th Street, #10B
$795,000
Carnegie Hill | Cooperative | 2 Bedrooms, 1 Bath | 950 ft2
12 East 97th Street, #10B (Corcoran Group)
-5.5% | -$41,000
146 West 82nd Street, #3A
$699,000
Broadway Corridor | Cooperative | 1 Bedroom, 1 Bath
146 West 82nd Street, #3A (Douglas Elliman Real Estate)
The Saint Mark, #6M (Corcoran Group)
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?
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