From April 15-21, 2026, nearly 300 condos, co-ops, condops, and townhouses in core New York City areas experienced price reductions.
The price cuts took place ahead of Earth Day, and at a time when work is underway on construction of the first phase of the new Port Authority Bus Terminal. Public transportation is environmentally friendly to begin with, and Foster + Partners' design of the new terminal is aiming for net-zero emissions and LEED certification. It will be built with clean construction methods, and the finished product will feature heat recovery and reuse technology, on-site renewable energy, zoned heating and cooling, and the ability to accommodate all-electric bus fleets.
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Construction of the new terminal is being done in three phases, with the first calling for new deck-overs built over the below-grade portions of Dyer Avenue and the Lincoln Tunnel Expressway. This also includes a new five-story staging and storage facility for buses, which will reduce the number of buses parked and idling on city streets, and new ramps to connect directly to and from the Lincoln Tunnel. The staging and storage facility will serve as a temporary terminal while the existing terminal is razed and rebuilt, and the deck-overs will be converted to more than three acres of public open space. Completion of this phase is estimated for 2028, and completion of the entire terminal is estimated for 2032.
In the long term, the new bus terminal will make for a more pleasant and streamlined experience for commuters. The local community will benefit from less traffic congestion, new retail, and the aforementioned public open space. Additionally, from an aesthetic standpoint, it will also serve as a pleasing replacement for what former Port Authority Executive Director Rick Cotton called "the worst infrastructure eyesore in the nation." But in the immediate term, the noise and street congestion of construction have affected the everyday life of nearby residents.
It is against this backdrop that three apartments at The Orion experienced price reductions last week. This 58-story condominium was part of an early Hell's Kitchen residential renaissance, and residents enjoy open city views from floor-to-ceiling windows. Amenities include 24-hour doorman and concierge service, a fitness center with lap pool and Jacuzzi, a business center, a billiards room, a lounge, and three landscaped sun decks. It is in a central location near the Theater District, Hudson Yards offices and retail, and Hell's Kitchen dining and nightlife. However, it is also located in close proximity to the construction site.
The Orion, #20F (Douglas Elliman Real Estate)
The Orion, #15H (Sothebys International Realty)
A selection of notable listings, as well as a full chart of 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
-2.6% | -$400,000
1165 Fifth Avenue, #PH
$14,900,000
Carnegie Hill | Cooperative | 5 Bedrooms, 6+ Baths
1165 Fifth Avenue, #PH (Brown Harris Stevens Residential Sales LLC)
-22.0% | -$2,750,000
Laureate, #PH2B
$9,750,000
Broadway Corridor | Condominium | 4 Bedrooms, 3.5 Baths | 3,017 ft2
Laureate, #PH2B (Ostrov Realty Group Limited)
-10.1% | -$1,000,000
10 Gracie Square, #3/4C
$8,950,000
Yorkville | Cooperative | 3 Bedrooms, 4.5 Baths
10 Gracie Square, #3/4C (Sothebys International Realty)
-12.4% | -$995,000
The Seville, #27/28B
$7,000,000
Lenox Hill | Condominium | 5 Bedrooms, 4.5 Baths | 4,254 ft2
The Seville, #27/28B (Douglas Elliman Real Estate)
-12.3% | -$955,000
212 West 72nd Street, #15G
$6,795,000
Broadway Corridor | Condominium | 4 Bedrooms, 4.5 Baths | 2,834 ft2
212 West 72nd Street, #15G (Douglas Elliman Real Estate)
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-16.2% | -$1,254,500
The St. Urban, #5S
$6,495,000
Central Park West | Cooperative | 5 Bedrooms, 4 Baths | 3,750 ft2
The St. Urban, #5S (Brown Harris Stevens Residential Sales LLC)
-11.2% | -$630,000
Avery, #PH/B
$4,995,000
Riverside Dr./West End Ave. | Condominium | 3 Bedrooms, 3.5 Baths | 2,136 ft2
Avery, #PH/B (Corcoran Group)
-12.1% | -$600,000
Brisbane House, #12B/11A
$4,350,000
East Harlem | Cooperative | 5 Bedrooms, 5 Baths
Brisbane House, #12B/11A (Compass)
-13.6% | -$450,000
475 Park Avenue, #14A
$2,850,000
Midtown East | Cooperative | 2 Bedrooms, 3 Baths
475 Park Avenue, #14A (Brown Harris Stevens Residential Sales LLC)
-16.7% | -$500,000
266 West 77th Street, #1
$2,495,000
Broadway Corridor | Cooperative | 2 Bedrooms, 2 Baths
266 West 77th Street, #1 (Sothebys International Realty)
-3.9% | -$100,000
Park Millennium, #29F
$2,450,000
Lincoln Center | Condominium | 2 Bedrooms, 2 Baths | 1,100 ft2
Park Millennium, #29F (Douglas Elliman Real Estate)
-24.9% | -$745,000
49 East 126th Street, #TH
$2,250,000
East Harlem | Townhouse | 5 Bedrooms, 5.5 Baths
49 East 126th Street, #TH (Brown Harris Stevens Residential Sales LLC)
-20.0% | -$551,000
The Trafalgar House, #10D
$2,199,000
Lenox Hill | Condominium | 2 Bedrooms, 2 Baths | 1,170 ft2
The Trafalgar House, #10D (Sothebys International Realty)
-39.3% | -$1,295,000
Trump Parc, #22H
$2,000,000
Midtown West | Condominium | 2 Bedrooms, 2.5 Baths | 1,581 ft2
Trump Parc, #22H (Brown Harris Stevens Residential Sales LLC)
-10.2% | -$203,000
130 William, #38D
$1,795,000
Financial District | Condominium | 1 Bedroom, 1 Bath | 855 ft2
130 William, #38D (Berkshire Hathaway HomeServices New York Properties)
-20.5% | -$450,000
Gregory Towers, #16A
$1,750,000
Lenox Hill | Condominium | 2 Bedrooms, 2 Baths | 1,300 ft2
Gregory Towers, #16A (Brown Harris Stevens Residential Sales LLC)
-11.8% | -$235,000
Trafalgar House, #9E
$1,750,000
Carnegie Hill | Condominium | 2 Bedrooms, 2 Baths | 1,200 ft2
Trafalgar House, #9E (Compass)
-10.6% | -$200,000
30 Bushwick Avenue, #8A
$1,695,000
Williamsburg | Condominium | 2 Bedrooms, 2 Baths | 1,120 ft2
30 Bushwick Avenue, #8A (Brown Harris Stevens Residential Sales LLC)
-20.3% | -$381,000
Bridge Tower Place, #24C
$1,498,000
Lenox Hill | Condominium | 1 Bedroom, 1 Bath | 1,108 ft2
Bridge Tower Place, #24C (Sothebys International Realty)
-14.6% | -$255,000
Three Ten, #3D
$1,495,000
Turtle Bay/United Nations | Condominium | 1 Bedroom, 2 Baths | 1,670 ft2
Three Ten, #3D (Compass)
-11.8% | -$200,000
100 Riverside Drive, #5E
$1,495,000
Riverside Dr./West End Ave. | Cooperative | 2 Bedrooms, 1 Bath | 1,285 ft2
100 Riverside Drive, #5E (Corcoran Group)
-8.4% | -$100,000
Kensington House, #1409/10
$1,095,000
Chelsea | Cooperative | 1 Bedroom, 2 Baths | 1,050 ft2
Kensington House, #1409/10 (Compass)
-15.4% | -$200,000
The Mayfair, #7F
$1,095,000
Lenox Hill | Cooperative | 2 Bedrooms, 1 Bath
The Mayfair, #7F (Sothebys International Realty)
The Orion, #23F (Brown Harris Stevens Residential Sales LLC)
-8.3% | -$80,000
The Hawthorne, #PHD
$885,000
Midtown East | Condop | 1 Bedroom, 1 Bath
The Hawthorne, #PHD (Sothebys International Realty)
-2.7% | -$20,000
The Madison Parq, #4A
$730,000
Flatiron/Union Square | Cooperative | 1 Bedroom, 1 Bath | 800 ft2
The Madison Parq, #4A (Brown Harris Stevens Residential Sales LLC)
-15.6% | -$120,000
The Gotham Town House, #21-B
$650,000
Midtown East | Cooperative | 1 Bedroom, 1 Bath
The Gotham Town House, #21-B (R New York)
-16.7% | -$105,000
344 West 11th Street, #3EF
$525,000
West Village | Cooperative | Studio, 1 Bath
344 West 11th Street, #3EF (Corcoran Group)
-16.7% | -$100,000
The Hendrik Hudson, #2C
$500,000
Morningside Heights | Cooperative | 1 Bedroom, 1 Bath
The Hendrik Hudson, #2C (Nest Seekers 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?
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