
From January 7-13, 2025, over 200 condos, co-ops, condops, and townhouses in core New York City areas experienced price reductions. These included a number of listings in grand prewar conversions on the Upper West Side such as The Chatsworth and The Belnord.
Over the last few decades, the Upper West Side has experienced limited new supply, escalating housing prices, and more recently, quality of life concerns, several of which were brought to Mayor Adams’ attention at a town hall in December 2024. CityRealty data shows that in 2024, the average price of an Upper West Side condo was $1,732 per square foot – as high as this figure is, it represents a 3% decrease from 2023.
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Nevertheless, the Upper West Side’s rich history, beautiful architecture, and close proximity to parks and cultural institutions make it a desirable place to live in New York City. While several new development condos and prewar conversions have come on the market over the past decade, they have done little to address the affordability crisis. If anything, the prewar conversions reduced the number of overall housing units – e.g., The Chatsworth went from 169 rental units to fewer than 100 sales units in a 2014 conversion, a move that resulted in larger, more expensive apartments in the Beaux-Arts building.

In response to the affordability issue, Mayor Adams introduced the Manhattan Plan in his State of the City address last week. It calls for 100,000 new housing units to be added to its eponymous borough over the next decade, a figure that includes 800 new units (most likely rentals) alongside a new library in the Manhattan Valley section of the Upper West Side.
As we wait for more attainable inventory, a selection of recently reduced listings on the Upper West Side and all over New York may be seen below, along with a full chart of last week’s price cuts. Please be advised that all quoted figures represent cumulative price cuts as opposed to the most recent reductions.
-12.5% | -$4,995,000
Aman New York Residences, #18A
$35,000,000
Midtown West | Condominium | 3 Bedrooms, 3.5 Baths | 3,746 ft2

Aman New York Residences, #18A (Douglas Elliman Real Estate)


-4.9% | $425,000
The Chatsworth, #MAISONETTE
$8,250,000
Riverside Dr./West End Ave. | Cooperative | 4 Bedrooms, 4.5 Baths | 3,770 ft2

The Chatsworth, #MAISONETTE (Douglas Elliman Real Estate)



-9.1% | -$995,000
The Belnord, #712
$9,900,000
Broadway Corridor | Condominium | 5 Bedrooms, 4 Baths | 3,956 ft2

The Belnord, #712 (Douglas Elliman Real Estate)


-6.3% | -$500,000
The Chatsworth, #301
$7,495,000
Riverside Dr./West End Ave. | Cooperative | 5 Bedrooms, 5.5 Baths | 4,038 ft2

The Chatsworth, #301 (Douglas Elliman Real Estate)

-5.4% | -$400,000
158 West 92nd Street, #TH
$6,950,000
Broadway Corridor | Townhouse | 4 Bedrooms, 4 Baths | 4,100 ft2
158 West 92nd Street, #TH (Corcoran Group)




-14.3% | -$1,001,000
78 Irving Place, #CARRIAGE
$5,999,000
Gramercy Park | Condominium | 3 Bedrooms, 2.5 Baths | 2,423 ft2
78 Irving Place, #CARRIAGE (Douglas Elliman Real Estate)

-6.5% | -$300,000
550 Vanderbilt, #M2
$4,295,000
Prospect Heights | Condominium | 3 Bedrooms, 3.5 Baths | 2,632 ft2

550 Vanderbilt, #M2 (Serhant)


-34.6% | -$2,250,000
257 West 86th Street, #5/6B
$4,250,000
Riverside Dr./West End Ave. | Cooperative | 3 Bedrooms, 2.5 Baths

257 West 86th Street, #5/6B (Douglas Elliman Real Estate)


-7.5% | -$200,000
The Chatsworth, #TH4
$2,475,000
Riverside Dr./West End Ave. | Cooperative | 1 Bedroom, 1.5 Baths | 2,500 ft2

The Chatsworth, #TH4 (Douglas Elliman Real Estate)


-20% | $1,000,000
Olympic Tower, #42H
$3,500,000
Midtown East | Condominium | 2 Bedrooms, 2.5 Baths | 1,780 ft2

Olympic Tower, #42H (Douglas Elliman Real Estate)

-11.4% | -$295,000
Channel Club, #25B
$2,300,000
Yorkville | Condominium | 3 Bedrooms, 3 Baths | 1,640 ft2

Channel Club, #25B (Corcoran Group)

-6.3% | -$145,000
Madison Green, #25M
$2,150,000
Flatiron/Union Square | Condominium | 2 Bedrooms, 2 Baths | 899 ft2

Madison Green, #25M (Douglas Elliman Real Estate)

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-14.9% | -$350,000
120 Riverside Boulevard, #6E
$2,000,000
Riverside Dr./West End Ave. | Condominium | 2 Bedrooms, 2 Baths | 1,343 ft2

120 Riverside Boulevard, #6E (Blu Realty Group)

-14.9% | -$350,000
Cipriani Club Residences, #530
$1,875,000
Financial District | Condominium | 3 Bedrooms, 3.5 Baths | 2,051 ft2

Cipriani Club Residences, #530 (Corcoran Group)

-4.1% | -$75,000
Austin Nichols House, #C210
$1,775,000
Williamsburg | Condominium | 1 Bedroom, 2 Baths | 1,029 ft2

Austin Nichols House, #C210 (Douglas Elliman Real Estate)

-13.2% | -$250,000
126 East 16th Street, #PH5A
$1,650,000
Gramercy Park | Cooperative | 1 Bedroom, 2 Baths

126 East 16th Street, #PH5A (Compass)



West Village Houses, #3B (Yoreevo LLC)


The NOMA, #3A (Compass)


The Wernert, #6RE (Compass)


Smyth Upstairs, #10E (Elegran LLC)

-7.2% | $100,999
West 43, #3A
$1,299,000
Midtown West | Condominium | 2 Bedrooms, 2 Baths | 1,190 ft2

West 43, #3A (Compass)
-10.7% | $149,000
The Armstead, #12E
$1,250,000
Riverside Dr./West End Ave. | Cooperative | 2 Bedrooms, 1.5 Baths | 1,100 ft2

The Armstead, #12E (Compass)

-6.2% | $149,000
The Promenade, #14H
$1,199,000
Lenox Hill | Condominium | 2 Bedrooms, 2 Baths | 1,007 ft2

The Promenade, #14H (Corcoran Group)

-17% | -$246,000
196 Orchard Street, #5F
$1,199,000
Lower East Side | Condominium | 1 Bedroom, 1 Bath | 681 ft2

196 Orchard Street, #5F (Corcoran Group)

-7.2% | $100,000
The Luxor, #34
$1,295,000
Morningside Heights | Cooperative | 2 Bedrooms, 1 Bath | 1,300 ft2

The Luxor, #34 (Brown Harris Stevens Residential Sales LLC)
-4.4% | -$51,000
242 East 19th Street, #15C
$1,099,000
Gramercy Park | Cooperative | 1 Bedroom, 1 Bath

242 East 19th Street, #15C (Brown Harris Stevens Residential Sales LLC)

-4.8% | -$55,000
304 West 88th Street, #GC
$1,095,000
Riverside Dr./West End Ave. | Cooperative | 2 Bedrooms, 1.5 Baths

304 West 88th Street, #GC (Brown Harris Stevens Residential Sales LLC)

-3.6% | -$40,000
395 Riverside Drive, #5F
$1,085,000
Morningside Heights | Cooperative | 2 Bedrooms, 1 Bath

395 Riverside Drive, #5F (Compass)


Seward Park (1-2), #K406 (Brown Harris Stevens Residential Sales LLC)

-9.2% | $101,000
Coda Condominium, #6H
$999,000
Gramercy Park | Condominium | 1 Bedroom, 1 Bath | 748 ft2

Coda Condominium, #6H (Compass)


The Verdi, #2F (Compass)

-7.9% | -$75,000
The Musician's Building, #1G
$875,000
Central Park West | Cooperative | 2 Bedrooms, 1 Bath

The Musician's Building, #1G (Brown Harris Stevens Residential Sales LLC)

Lincoln Towers, #2T (Sothebys International Realty)


Vernon 46, #4A (Modern Spaces)

-8.3% | -$50,000
The Normandy, #17E
$550,000
Riverside Dr./West End Ave. | Cooperative | Studio, 1 Bath

The Normandy, #17E (Compass)
-13.2% | -$76,000
The Antoinette, #12G
$499,000
Murray Hill | Cooperative | 1 Bedroom, 2 Baths

The Antoinette, #12G (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?