Price Cuts: "Big" screenwriter's Cobble Hill townhouse trimmed by $900K; Lantern House junior penthouse drops below $10M

197 Clinton Street, #TH (Compass)

Wednesday, Jun 24, 2026 By CityRealty Staff, CityRealty contributor

From June 16-22, 2026, fewer than 250 condos, co-ops, condops, and townhouses in core New York City areas experienced price reductions. This time frame included the summer solstice on June 21, and fewer sellers could be adjusting prices as summer plans like vacations get into full swing.

These also came at a time when 550 West 21st Street is preparing to launch sales. It is located on the corner of Eleventh Avenue on a site that developer Legion Group's founder and CEO Victor Sigoura describes as "the last major waterfront development site in West Chelsea of this scale and quality." By virtue of its soaring height, buyers of the forthcoming condos are all but assured of open skyline and river views from oversized windows, not to mention from private loggias and terraces on upper levels. As this exciting new product is about to come to market, owners in older buildings like One High Line, Lantern House, and 551W21 are adjusting their prices accordingly.

-5.6% | -$750,000

551W21, #16B
$12,750,000

Chelsea | Condominium | 3 Bedrooms, 3.5 Baths | 3,860 ft²

551W21, #16B (Corcoran Group)

From the Listing: Set high above the bustle of West Chelsea and the High Line, this sprawling 3,860-square-foot, three-bedroom, three-and-a-half-bath residence at 551 West 21st Street is a true urban oasis, defined by sweeping panoramic views of the Hudson River and the Manhattan skyline. With 11-foot ceilings, oak herringbone floors, interior design by MARKZEFF, and bespoke millwork by Foster + Partners, this impeccably crafted home delivers a refined balance of architectural pedigree and modern comfort. See floor plan and full details here.

Price cuts with cinematic connections

Home theater at 197 Clinton Street (Compass)

Last week's price cuts included 197 Clinton Street, a 23-foot-wide townhouse in Cobble Hill dating back to the 1850s. Academy Award-nominated screenwriter/director Gary Ross, whose credits include Big, Seabiscuit, and The Hunger Games, and his wife, designer Claudia Solti, bought it for $5.4 million in 2021 and redesigned the interiors to include a home theater with state-of-the-art equipment and three levels of seating, a top-floor flex space with a second kitchen and access to a terrace, and a lower-level "wellness retreat" with home gym and sauna. However, they did not stay for long, initially listing it for $11.5 million in September 2025. A price reduction brings it below $10.6 million.

Another of last week's reductions, Residence #6 at The Renwick, appeared in the 2010 romantic drama Last Night. In the film, scenes featuring Keira Knightley, Sam Worthington, and Guillaume Canet played out against a backdrop with concrete beamed ceilings, industrial windows, and an open kitchen with center island; listing agent Philip Hordijk of Leven Real Estate told Mansion Global that the kitchen stools in the apartment now may be seen in the movie. The unidentified sellers initially listed it for nearly $5 million in September 2025, and a recent price reduction brings it down to $4.5 million.

-7.8% | -$901,000

197 Clinton Street, #TH
$10,599,000

Cobble Hill | Townhouse | 5 Bedrooms, 6+ Baths | 6,474 ft²

197 Clinton Street, #TH (Compass)

From the Listing: A rare opportunity to own a masterfully reimagined six-story Cobble Hill brownstone of extraordinary scale and presence. This impeccably designed residence seamlessly blends timeless 1850s architecture with striking contemporary interiors, executed with the highest level of craftsmanship and attention to detail. See floor plan and full details here.

-5.3% | -$250,000

The Renwick, #6
$4,500,000

SoHo | Cooperative | 3 Bedrooms, 2 Baths | 3,000 ft²

The Renwick, #6 (Leven Real Estate)

From the Listing: On one of Manhattan's most quietly iconic blocks, this full floor loft embodies the authentic New York lifestyle as demonstrated by its role in the 2010 feature film Last Night. Oversized industrial windows, concrete beamed ceilings and a signature steel plated warehouse door blend seamlessly with thoughtfully integrated high-end finishes and Hudson Company 8 white oak floors. See floor plan and full details here.

A selection of notable reductions, as well as a full chart of last week's price cuts, 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

-3.1% | -$550,000

56 Leonard Street, #47W
$16,950,000

Tribeca | Condominium | 4 Bedrooms, 4.5 Baths | 3,576 ft²

56 Leonard Street, #47W (Susan Penzner Real Estate)

From the Listing: Presenting 56 Leonard Street, Residence 47W, a half-floor home at the iconic downtown landmark by Herzog & de Meuron. This impressive residence features 12-foot ceilings, three terraces, floor-to-ceiling windows, and sweeping 270-degree open views, capturing both rivers, the Freedom Tower, and the Midtown skyline. Enter directly via private elevator to your own landing, where the foyer opens seamlessly into the great room. See floor plan and full details here.

-12.2% | -$1,700,000

The Prasada, #MAISONETTE DUPLEX
$12,200,000

Central Park West | Cooperative | 5 Bedrooms, 4.5 Baths | 5,935 ft²

The Prasada, #MAISONETTE DUPLEX (Sothebys International Realty)

From the Listing: Presenting an extraordinary offering of timeless beauty and architectural pedigree, a masterwork by Parisian designer, Jean-Louis Deniot, this rare and resplendent duplex maisonette has exquisite Central Park views, 15' ceilings, 3 fireplaces, 13 rooms, 5 bedrooms, 4 baths, 2 powder rooms and spans approximately 5,935 square feet. The residence, with much of the interiors imported from France, marries classical grandeur with contemporary refinement. See floor plan and full details here.

-4.9% | -$510,000

Lantern House, #1701
$9,990,000

Chelsea | Condominium | 3 Bedrooms, 3.5 Baths | 2,414 ft²

Lantern House, #1701 (Douglas Elliman Real Estate)

From the Listing: Residence 1701 is a rare and beautifully proportioned 3-bedroom, 3.5-bathroom home of 2,414 square feet with North, East, and West exposures, perched in the taller West Tower of Thomas Heatherwick's iconic Lantern House. As one of only four "-01" line Junior Penthouses in the West Tower, and positioned well above the neighboring East Tower, the residence enjoys unobstructed Hudson River, skyline, and western horizon views - light that pours in from three sides throughout the day. See floor plan and full details here.

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-5.9% | -$405,000

350 East 84th Street, #TH
$6,495,000

Yorkville | Townhouse | 4 Bedrooms, 4 Baths

350 East 84th Street, #TH (Douglas Elliman Real Estate)

From the Listing: Rarely available 20-foot-wide Anglo-Italianate townhouse with a 1,000-square-foot south-facing garden and oversized third-floor terrace, located just moments from Carl Schurz Park. One of four contiguous red-brick homes built in 1862, this designer-updated residence blends historic architectural character with modern living. The parlor level opens into a grand front living room with soaring ceilings and a striking antique hand-carved wooden ceiling imported from Europe. See floor plan and full details here.

-10.4% | -$650,000

140 Fifth Avenue, #2
$5,600,000

Flatiron/Union Square | Cooperative | 3 Bedrooms, 2.5 Baths

140 Fifth Avenue, #2 (Douglas Elliman Real Estate)

From the Listing: A keyed-lock elevator opens directly into this 3,600+/- square foot residence, revealing cinematic sightlines up Fifth Avenue and across the storied Flatiron scene. With ceilings soaring over 13 feet and more than 20 oversized windows, the home is bathed in natural light from morning through evening. Arched windows frame a living portrait of Fifth Avenue-vibrant beyond the glass, pin-drop quiet within. See floor plan and full details here.

-7.0% | -$400,000

Irving Place, #4
$5,295,000

Gramercy Park | Condominium | 3 Bedrooms, 3.5 Baths | 2,872 ft²

Irving Place, #4 (Douglas Elliman Real Estate)

From the Listing: Introducing Residence 4 at 57 Irving Place: a full-floor, private elevator entry residence in a modern boutique condominium in the heart of tranquil and sought-after Gramercy Park. Spanning 2,872 square feet, this home is complemented by an open loft-like living space, nearly 10-foot ceilings, expansive living and entertaining areas drenched in natural light, and 51 linear feet of stunning floor-to-ceiling windows overlooking historic Irving Place. See floor plan and full details here.

-21.1% | -$1,245,000

The Chatham, #5A
$4,650,000

Lenox Hill | Condominium | 4 Bedrooms, 3 Baths

The Chatham, #5A (Sothebys International Realty)

From the Listing: Designed by the legendary Robert A.M. Stern, The Chatham stands as one of the Upper East Side’s most distinguished white-glove condominiums, embodying timeless elegance and sophisticated contemporary living. Residence 5A is a grand three bed, three bath home with a versatile den/fourth bedroom, offering an exquisite balance of scale, privacy, and refined detail. See floor plan and full details here.

-5.5% | -$255,000

241 West 36th Street, #8
$4,395,000

Midtown West | Cooperative | 4 Bedrooms, 3 Baths | 3,800 ft²

241 West 36th Street, #8 (Douglas Elliman Real Estate)

From the Listing: This newly gut-renovated, full-floor coop loft spans approximately 4,000 square feet, offering soaring 11-foot ceilings and 24 brand-new architectural steel windows that flood the home with extraordinary southern light from morning to evening. Enter through a timeless Art Deco lobby and take the elevator directly to your private floor. Vintage New York Art Deco metal elevator gates open to reveal a breathtaking 50-foot-wide expanse of uninterrupted living and entertaining space. See floor plan and full details here.

-18.0% | -$899,000

1600 Broadway, #PH4C
$4,100,000

Midtown West | Condominium | 2 Bedrooms, 2.5 Baths | 1,629 ft²

1600 Broadway, #PH4C (Keller Williams NYC)

From the Listing: Be the first to live in Penthouse 4C which just underwent a nearly $2 million complete gut renovation where no expense was spared. Each detail was handcrafted in Italy and meticulously installed with the finest craftsmanship. Live a lavish life with gold accents that engulf this home, adding a touch of opulence throughout. See floor plan and full details here.

-7.9% | -$301,000

20 East 17th Street, #7
$3,499,000

Flatiron/Union Square | Condominium | 3 Bedrooms, 2 Baths | 2,125 ft²

20 East 17th Street, #7 (Brown Harris Stevens Residential Sales LLC)

From the Listing: Occupying the entire 7th floor at 20 East 17th Street, this meticulously renovated full-floor condominium spans approximately 2,125 square feet and delivers bold, modern loft living with refined finishes and unmistakable downtown style. Thoughtfully configured for both flexibility and comfort, this residence offers two bedrooms plus an interior guest room/office, two full baths, a dedicated home office area and separate laundry room. See floor plan and full details here.

-3.3% | -$120,000

The Pearl Townhome, #PH
$3,475,000

Broadway Corridor | Condominium | 4 Bedrooms, 4.5 Baths | 3,675 ft²

The Pearl Townhome, #PH (Douglas Elliman Real Estate)

From the Listing: The Penthouse Residence features 4,659 feet of detailed design at your fingertips. This artful residence embraces thoughtful living with light, air, and an authentic feeling of home. The Penthouse occupies four floors of living space + a private roof deck. See floor plan and full details here.

-7.1% | -$249,000

237 Lafayette Street, #8E
$3,250,000

NoLiTa/Little Italy | Cooperative | 2 Bedrooms, 2 Baths | 2,200 ft²

237 Lafayette Street, #8E (Christies International Real Estate Group LLC)

From the Listing: Welcome to this stunning 2-bedroom, 2-bathroom loft in the heart of Nolita, where classic New York character meets modern comfort. Bathed in natural light from three exposures, this large, airy home features soaring ceilings and ample space to possibly add a third bedroom, with board approval and proper permits. Expansive windows flood the apartment with sunlight throughout the day, and beautiful original details give the space an authentic loft feel. See floor plan and full details here.

-20.0% | -$800,000

45 Great Jones, #2
$3,199,000

NoHo | Condominium | 2 Bedrooms, 2 Baths | 1,579 ft²

45 Great Jones, #2 (Serhant)

From the Listing: Designed by the acclaimed firm Beyer, Blinder, Belle, this expansive two-bedroom, two-bathroom home offers nearly every luxury expected of a premier NoHo residence, along with a massive private terrace, nearly impossible to find in this prime location. From the moment you arrive by direct-entry elevator, the home unfolds with drama: 12-foot ceilings, solid oak floors, and oversized windows framed in custom millwork create a canvas of light and air. See floor plan and full details here.

-15.6% | -$500,000

Rockefeller Apartments, #8B
$2,700,000

Midtown West | Cooperative | 2 Bedrooms, 2 Baths

Rockefeller Apartments, #8B (Brown Harris Stevens Residential Sales LLC)

From the Listing: This meticulously renovated 2-bed/2-bath apartment is an entertainer's delight designed by Australia's acclaimed architect, Iain Halliday. The great room faces south overlooking the MOMA garden. Sleek, sliding glass doors by Boffi create a striking architectural feature in this space. The John Royère 'Ours Polaire' sofa and chairs (c 1930s) and Eames dining set can be discussed with the owner. See floor plan and full details here.

-9.8% | -$245,000

Front & York, #12F
$2,250,000

DUMBO | Condominium | 2 Bedrooms, 2 Baths | 1,291 ft²

Front & York, #12F (Decode Real Estate)

From the Listing: The F line at Front & York is a southeast corner two-bedroom spanning 1,291 square feet with open views of the Brooklyn Navy Yard and the Downtown Brooklyn skyline. A gracious entry foyer, complete with a large coat closet and a generous gallery wall, leads into a spacious corner great room filled with natural light. See floor plan and full details here.

-5.3% | -$100,000

149 West 85th Street, #7
$1,795,000

Broadway Corridor | Cooperative | 2 Bedrooms, 2 Baths

149 West 85th Street, #7 (R New York)

From the Listing: Penthouse Unit 7 is a bright and well-proportioned residence featuring a seamless open layout, hardwood floors, and a charming fireplace that anchors the living space. The kitchen flows directly into the dining and living areas, creating an ideal setup for both everyday living and entertaining. A private terrace adds valuable outdoor space and enhances the penthouse appeal. See floor plan and full details here.

-13.4% | -$240,000

Morningside Park, #3
$1,555,000

Harlem | Condominium | 3 Bedrooms, 2 Baths | 1,590 ft²

Morningside Park, #3 (Brown Harris Stevens Residential Sales LLC)

From the Listing: Unobstructed Morningside Park views from a 28 foot-wide wall of floor-to-ceiling windows! Full floor loft-style condominium residence with direct key-locked elevator access to your own private floor. Two exquisitely generous bedrooms plus very workable home office/library/guest room, 2 luxury baths with double sinks, imported vanities, marble tilework and jacuzzi, and a washer-dryer. Storage locker included. See floor plan and full details here.

-10.0% | -$150,000

256 West 21st Street, #G1
$1,350,000

Chelsea | Cooperative | 1 Bedroom, 1 Bath

256 West 21st Street, #G1 (AMERALIS GROUP REAL ESTATE INC)

From the Listing: Looking to live in the heart of Chelsea with your own private garden a true rarity in Manhattan? This is your opportunity. This beautifully renovated one-bedroom residence offers approximately 825 square feet of interior living space, complemented by an exceptional 225 square foot private garden a true urban sanctuary rarely found in the city. See floor plan and full details here.

-15.8% | -$220,000

242 East 19th Street, #2C
$1,175,000

Gramercy Park | Cooperative | 1 Bedroom, 1 Bath

242 East 19th Street, #2C (Douglas Elliman Real Estate)

From the Listing: This rare Gramercy offering combines prewar charm with modern updates, all within a well-run, full-service building. This north-facing apartment overlooks tree-lined East 19th Street and features a large entry foyer, expansive living room with wood-burning fireplace, and king-size bedroom with two closets, including a walk-in. Electricity included in maintenance. See floor plan and full details here.

-12.5% | -$150,000

200 East End Avenue, #12F
$1,050,000

Yorkville | Cooperative | 2 Bedrooms, 2 Baths

200 East End Avenue, #12F (Douglas Elliman Real Estate)

From the Listing: Beautiful corner two-bedroom, two-bath residence directly across from Carl Schurz Park, offering spectacular unobstructed East River views. A gracious foyer opens into a well-proportioned living and dining area, ideally laid out for both comfortable living and entertaining. With sunny south and east exposures, the space is flooded with natural light throughout the day and enjoys sweeping river views. See floor plan and full details here.

-22.9% | -$296,000

180 East 88th Street, #4B
$999,000

Carnegie Hill | Condominium | Studio, 1 Bath | 597 ft²

180 East 88th Street, #4B (Brown Harris Stevens Residential Sales LLC)

From the Listing: The last sponsor unit with a terrace! This 597-square-foot corner studio boasts dramatic 10-foot ceilings, and a 123-square-foot private terrace facing north over tree-lined 88th Street. The kitchen was meticulously designed by Molteni & C Dada for DDG. See floor plan and full details here.

-9.3% | -$70,000

64 MacDougal Street, #15
$680,000

SoHo | Cooperative | 1 Bedroom, 1 Bath | 590 ft²

64 MacDougal Street, #15 (Serhant)

From the Listing: Live at the crossroads of culture and convenience in this inviting one-bedroom, one-bathroom home nestled in the iconic SoHo neighborhood. This thoughtfully designed residence blends classic charm with modern updates, offering a tranquil retreat just steps from some of the city's most dynamic shopping, dining, and nightlife. See floor plan and full details here.

-10.0% | -$75,000

L'Isola, #3A
$675,000

Murray Hill | Condominium | 1 Bedroom, 1 Bath | 647 ft²

L'Isola, #3A (Daniel Gale of Brooklyn LLC)

From the Listing: Residence 3A at The L’Isola is a beautifully updated Kips Bay condo with a private balcony, full-service amenities, and flexible ownership options. From the moment you walk in, the home feels bright, comfortable, and easy to live in. The spacious living area opens to a private balcony, perfect for morning coffee, fresh air, or unwinding at the end of the day. See floor plan and full details here.

-16.1% | -$120,000

The Schuyler Arms, #2ES
$625,000

Riverside Dr./West End Ave. | Cooperative | 1 Bedroom, 1 Bath

The Schuyler Arms, #2ES (Brown Harris Stevens Residential Sales LLC)

From the Listing: Move right in to this spectacular duplex residence in a full-service prewar building. This special home offers a rare, beautifully landscaped private backyard, an extraordinary setting for seamless indoor-outdoor living. The main level features an open, large windowed kitchen, a gracious living room, and a distinct dining area with a custom built-in banquette. The coop offers storage for $15/month and cable for $65/month. See floor plan and full details here.

-7.9% | -$51,000

The Osborne, #2CB
$598,000

Midtown West | Cooperative | 2 Bedrooms, 1 Bath

The Osborne, #2CB (Christies International Real Estate Group LLC)

From the Listing: Bohemian chic meets timeless prestige in this rare offering at the legendary Billionaires' Row. This distinctive two-bedroom residence offers a spacious and flexible duplex layout. Upstairs, you'll find two well-proportioned bedrooms and a full bath, while the lower level features an expansive living room and a generously sized eat-in kitchen-ideal for both everyday living and entertaining. Needs a little love. See floor plan and full details here.

-9.1% | -$40,000

The Excelsior, #38D
$399,000

Midtown East | Cooperative | 1 Bedroom, 1.5 Baths | 1,100 ft²

The Excelsior, #38D (Serhant)

From the Listing: Perched high above Midtown East with breathtaking skyline views stretching toward Central Park and Billionaires' Row, this fully renovated one-bedroom, 1.5-bath residence at The Excelsior offers an elevated blend of sophistication, scale, and functionality. Bathed in natural light from oversized picture windows and complemented by a private balcony with spectacular open city vistas, Residence 38D delivers a true luxury living experience in the sky. See floor plan and full details here.

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Price Cuts: "Big" screenwriter's Cobble Hill townhouse trimmed by $900K; Lantern House junior penthouse drops below $10M

In this article:

-5.6% | -$750,000 551W21, #16B$12,750,000

Price cuts with cinematic connections

-7.8% | -$901,000 197 Clinton Street, #TH$10,599,000

-5.3% | -$250,000 The Renwick, #6$4,500,000

Recently reduced listings

-3.1% | -$550,000 56 Leonard Street, #47W$16,950,000

-12.2% | -$1,700,000 The Prasada, #MAISONETTE DUPLEX$12,200,000

-4.9% | -$510,000 Lantern House, #1701$9,990,000

Select which properties are of interest to you:

-5.9% | -$405,000 350 East 84th Street, #TH$6,495,000

-10.4% | -$650,000 140 Fifth Avenue, #2$5,600,000

-7.0% | -$400,000 Irving Place, #4$5,295,000

-21.1% | -$1,245,000 The Chatham, #5A$4,650,000

-5.5% | -$255,000 241 West 36th Street, #8$4,395,000

-18.0% | -$899,000 1600 Broadway, #PH4C$4,100,000

-7.9% | -$301,000 20 East 17th Street, #7$3,499,000

-3.3% | -$120,000 The Pearl Townhome, #PH$3,475,000

-7.1% | -$249,000 237 Lafayette Street, #8E$3,250,000

-20.0% | -$800,000 45 Great Jones, #2$3,199,000

-15.6% | -$500,000 Rockefeller Apartments, #8B$2,700,000

-9.8% | -$245,000 Front & York, #12F$2,250,000

-5.3% | -$100,000 149 West 85th Street, #7$1,795,000

-13.4% | -$240,000 Morningside Park, #3$1,555,000

-10.0% | -$150,000 256 West 21st Street, #G1$1,350,000

-15.8% | -$220,000 242 East 19th Street, #2C$1,175,000

-12.5% | -$150,000 200 East End Avenue, #12F$1,050,000

-22.9% | -$296,000 180 East 88th Street, #4B$999,000

-9.3% | -$70,000 64 MacDougal Street, #15$680,000

-10.0% | -$75,000 L'Isola, #3A$675,000

-16.1% | -$120,000 The Schuyler Arms, #2ES$625,000

-7.9% | -$51,000 The Osborne, #2CB$598,000

-9.1% | -$40,000 The Excelsior, #38D$399,000

Select which properties are of interest to you:

Listings in this article

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