Price Cuts: Sandie Tilotson's penthouse at Mandarin Oriental reduced by $15M; UWS brownstone with underground pool now 20% off

Sandie N. Tillotson and The Residences at the Mandarin Oriental, #80 (Sotheby's International Realty)

Thursday, Aug 6, 2026 By CityRealty Staff, CityRealty contributor

From July 28 - August 3, 2026, 192 condos, co-ops, condops, and townhouses in core New York City areas experienced price reductions. While this represents a small week-over-week increase in the number of cuts, it held relatively steady at a quiet summer season. Unlike previous weeks where deep discounts took place, though, the vast majority of cuts were reductions of less than ten percent, even accounting for cumulative price cuts as compared to the most recent reductions.

Sky high penthouse at the Mandarin Oriental Residences reduced by $15M

Deutsche Bank Center, home of Mandarin Oriental Residences New York (north tower)

The largest cut of the week was for Residence #80 at Residences at Mandarin Oriental New York, the condo component of the Mandarin Oriental, New York hotel located in the north tower of Deutsche Bank Center and directly above The Shops at Columbus Circle. The seller, a shell company linked to Nu Skin co-founder Sandie Tillotson, purchased the full-floor home for $29.5 million in 2001, at which time Crain's New York Business notes that the complex then known as AOL Time Warner Center was still under construction.

Public records show that the apartment closed four years later, and Crain's notes that the space was delivered raw. It has since been customized to feature a large living room overlooking Central Park, a west-facing kitchen with premium appliances that include two dishwashers, a utility room with two full-sized washers and dryers, and a primary suite with a corner bedroom, a sitting room with fireplace, a morning kitchen, a walk-in closet, a windowed bath, and a "safe room."

Like all owners at Mandarin Oriental Residences New York, Ms. Tillotson would have had access to the Mandarin Oriental's amenities, which include a fitness center, a 75-foot indoor pool, a tranquil spa, and services that include 24-hour concierge and valet, in-home dining, and housekeeping. However, she does not appear to have used it often, and listed it for $80 million in January 2026. The price has since been reduced to $65 million. If it still sells for this price, she would still stand to make a profit, even when accounting for inflation.

-18.8% | -$15,000,000

Residences at the Mandarin Oriental, #80
$65,000,000

Central Park West | Condominium | 6+ Bedrooms, 6+ Baths | 8,332 ft²

Residences at the Mandarin Oriental, #80 (Sothebys International Realty)

From the Listing: First time on market. 80 Columbus Circle is a prestigious white-glove condominium tower located above the Mandarin Oriental Hotel. This penthouse offers direct Central Park views and sweeping 360-degree panoramas. The expansive views stretch from New York to Connecticut and from the Atlantic Ocean to Pennsylvania, encompassing landmarks from the Tappan Zee Bridge in the north to the Hudson River and south to the iconic Statue of Liberty. See floor plan and full details here.

Price adjustments at Monogram New York as Midtown East office market booms

Multiple price cuts took place at a number of new developments throughout the five boroughs. These included Monogram New York in Midtown East, The Manhattan Belle in Greenpoint, The Newkirk in Flatbush, and Roma in Astoria. Another cut took place at The Centrale, a new development condominium located a short distance from Monogram New York.

The cuts take place at a time when a report from Colliers found that New York's office leasing activity in July 2026 exceeded both the five-year and ten-year monthly averages, setting 2026 up to be the strongest year for leasing since 2000. Manhattan's availability rate dropped to 12.7% in July 2026 and the total availability supply decreased to about 66.2 million square feet, though new office towers on the rise will put a dent in that. New York is home to the three tallest office buildings currently under construction, 2 World Trade Center (55 stories, 1,226 feet high) in the Financial District, 70 Hudson Yards (50 floors, 844 feet) and 343 Madison Avenue (46 stories, 829 feet high) in Midtown East, as well as the tallest mixed-use building under construction, 655 Madison Avenue (74 stories, approximately 765,000 square feet).

343 Madison Avenue, Midtown East, NYC office tower

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343 Madison Avenue in the Manhattan skyline

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Interestingly enough, Extell Development is at the helm of 655 Madison Avenue, not to mention the tallest hotel on the rise in the country at 740 Eighth Avenue (52 stories, 1,067 feet high). In the coming months, they will also be helming the country's tallest residential building under construction at 80 West 67th Street (86 stories, 1,199 feet high), at which time they could have as many as four supertall skyscrapers on the rise.

The Colliers report found that companies leased about 1.5 million square feet of office space in Midtown, up nearly 81 percent from the prior month, and construction activity is going strong on the blocks surrounding Monogram New York and The Centrale. Commercial Observer reports that developer BXP has secured a $1.2 billion construction loan for 343 Madison Avenue, and a recent site visit saw that a crane has been erected for the Kohn Pedersen Fox (KPF)-designed tower. Completion is estimated for 2029, but 343 Madison Avenue is already 50 percent pre-leased, with commercial insurance firm Starr as an anchor tenant and law firm McDermott Will & Schulte signing a lease for 150,000 square feet.

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Crane up and steel rising at 343 Madison Avenue in Midtown East (August 2026)

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346 Madison Avenue across the street is under demolition in preparation to build another new office tower by SL Green

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Directly across the street, demolition is underway on 346 Madison Avenue, the former Brooks Brothers building, to make way for what a joint venture between SL Green and Mori Building Company describes to the New York Post as "the most highly amenitized new building in the city," a 46-story office tower with a luxury wellness center, and indoor padel court, a 215-seat auditorium, nine floors with terraces and nine with loggias, and a lounge with an Epicerie Boulud fast-casual food spot. The tower is to be designed by KPF, but neither renderings nor tenants have been announced yet.

-1.5% | -$65,000

Monogram New York, #PHD
$4,350,000

Midtown East | Condominium | 2 Bedrooms, 2 Baths | 1,377 ft²

Monogram New York, #PHD (Brown Harris Stevens Development Marketing LLC)

From the Listing: Penthouse D is a half-floor residence at Monogram New York, with interiors designed by Neri&Hu. Spanning approximately 1,377 square feet with an additional 287 square feet of private outdoor space, this two-bedroom, two-bathroom home is defined by its scale, light, and expansive city views. Located on the top floor, the residence features soaring 15-foot ceilings and three exposures, bringing a sense of openness and volume throughout. See floor plan and full details here.

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Recently reduced listings

-20.4% | -$3,045,000

238 West 74th Street, #HOUSE
$11,900,000

Broadway Corridor | Townhouse | 5 Bedrooms, 6+ Baths | 6,460 ft²

238 West 74th Street, #HOUSE (Bond New York Properties LLC)

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-22.2% | -$2,550,000

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221 West 77th Street, #16 (Corcoran Group)

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-13.8% | -$1,350,000

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1115 Fifth Avenue, #11A (Corcoran Group)

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-9.8% | -$625,000

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10 Madison Square West, #6G (Corcoran Group)

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-5.6% | -$338,000

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$5,650,000

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16 Hudson Street, #PH6A (Douglas Elliman Real Estate)

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-6.1% | -$245,000

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The Standish, #1A (Corcoran Group)

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-5.2% | -$140,000

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Austin Nichols House, #B612 (Serhant)

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-5.0% | -$105,000

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-15.0% | -$299,000

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Castle Village, #118 (Brown Harris Stevens Riverdale LLC)

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-6.2% | -$110,000

100 United Nations Plaza, #24A
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100 United Nations Plaza, #24A (R S N Y Realty LLC)

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$1,600,000

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The Sovereign, #34G (Brown Harris Stevens Residential Sales LLC)

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-7.5% | -$125,000

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215 Calyer Street, #1 (Serhant)

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335 Warren Street, #401
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335 Warren Street, #401 (Compass)

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-2.6% | -$25,000

24 Fifth Avenue, #1609
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24 Fifth Avenue, #1609 (Douglas Elliman Real Estate)

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-7.9% | -$65,000

238 Richardson Street, #3B
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238 Richardson Street, #3B (Compass)

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-14.2% | -$99,000

407 Keap Street, #5
$600,000

Williamsburg | Cooperative | 2 Bedrooms, 1 Bath

407 Keap Street, #5 (Serhant)

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-3.3% | -$20,000

The Ansonia, #8129
$579,000

Broadway Corridor | Condominium | Studio, 1 Bath | 348 ft²

The Ansonia, #8129 (Douglas Elliman Real Estate)

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-8.3% | -$50,000

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$549,000

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-9.8% | -$49,000

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-7.3% | -$20,000

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In this article:

Sky high penthouse at the Mandarin Oriental Residences reduced by $15M

-18.8% | -$15,000,000

Residences at the Mandarin Oriental, #80
$65,000,000

Price adjustments at Monogram New York as Midtown East office market booms

-1.5% | -$65,000

Monogram New York, #PHD
$4,350,000

Select which properties are of interest to you:

Recently reduced listings

-20.4% | -$3,045,000

238 West 74th Street, #HOUSE
$11,900,000

-22.2% | -$2,550,000

221 West 77th Street, #16
$8,950,000

-13.8% | -$1,350,000

1115 Fifth Avenue, #11A
$8,450,000

-9.8% | -$625,000

10 Madison Square West, #6G
$5,775,000

-5.6% | -$338,000

16 Hudson Street, #PH6A
$5,650,000

-6.1% | -$245,000

The Standish, #1A
$3,750,000

-10.8% | -$400,000

Berkeley House, #6ABC
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The St. Tropez, #27D
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-9.4% | -$225,000

Austin Nichols House, #B612
$2,175,000

-5.0% | -$105,000

The Centrale, #30A
$1,995,000

-15.0% | -$299,000

Castle Village, #118
$1,700,000

-6.2% | -$110,000

100 United Nations Plaza, #24A
$1,665,000

-10.9% | -$195,000

The Sovereign, #34G
$1,600,000

-7.5% | -$125,000

215 Calyer Street, #1
$1,550,000

-8.1% | -$125,000

335 Warren Street, #401
$1,425,000

-2.6% | -$25,000

24 Fifth Avenue, #1609
$950,000

-7.9% | -$65,000

238 Richardson Street, #3B
$760,000

-14.2% | -$99,000

407 Keap Street, #5
$600,000

-3.3% | -$20,000

The Ansonia, #8129
$579,000

-8.3% | -$50,000

The Marais, #14D
$549,000

-9.8% | -$49,000

7 Park Avenue, #9I
$450,000

-7.3% | -$20,000

The Grosvenor Atterbury, #2G
$255,000

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In this article:

Sky high penthouse at the Mandarin Oriental Residences reduced by $15M

-18.8% | -$15,000,000 Residences at the Mandarin Oriental, #80$65,000,000

Price adjustments at Monogram New York as Midtown East office market booms

-1.5% | -$65,000 Monogram New York, #PHD$4,350,000

Select which properties are of interest to you:

Recently reduced listings

-20.4% | -$3,045,000 238 West 74th Street, #HOUSE$11,900,000

-22.2% | -$2,550,000 221 West 77th Street, #16$8,950,000

-13.8% | -$1,350,000 1115 Fifth Avenue, #11A$8,450,000

-9.8% | -$625,000 10 Madison Square West, #6G$5,775,000

-5.6% | -$338,000 16 Hudson Street, #PH6A$5,650,000

-6.1% | -$245,000 The Standish, #1A$3,750,000

-10.8% | -$400,000 Berkeley House, #6ABC$3,295,000

-5.2% | -$140,000 The St. Tropez, #27D$2,535,000

-9.4% | -$225,000 Austin Nichols House, #B612$2,175,000

-5.0% | -$105,000 The Centrale, #30A$1,995,000

-15.0% | -$299,000 Castle Village, #118$1,700,000

-6.2% | -$110,000 100 United Nations Plaza, #24A$1,665,000

-10.9% | -$195,000 The Sovereign, #34G$1,600,000

-7.5% | -$125,000 215 Calyer Street, #1$1,550,000

-8.1% | -$125,000 335 Warren Street, #401$1,425,000

-2.6% | -$25,000 24 Fifth Avenue, #1609$950,000

-7.9% | -$65,000 238 Richardson Street, #3B$760,000

-14.2% | -$99,000 407 Keap Street, #5$600,000

-3.3% | -$20,000 The Ansonia, #8129$579,000

-8.3% | -$50,000 The Marais, #14D$549,000

-9.8% | -$49,000 7 Park Avenue, #9I$450,000

-7.3% | -$20,000 The Grosvenor Atterbury, #2G$255,000

Related Listings

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Related Articles

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-18.8% | -$15,000,000

Residences at the Mandarin Oriental, #80
$65,000,000

-1.5% | -$65,000

Monogram New York, #PHD
$4,350,000

-20.4% | -$3,045,000

238 West 74th Street, #HOUSE
$11,900,000

-22.2% | -$2,550,000

221 West 77th Street, #16
$8,950,000

-13.8% | -$1,350,000

1115 Fifth Avenue, #11A
$8,450,000

-9.8% | -$625,000

10 Madison Square West, #6G
$5,775,000

-5.6% | -$338,000

16 Hudson Street, #PH6A
$5,650,000

-6.1% | -$245,000

The Standish, #1A
$3,750,000

-10.8% | -$400,000

Berkeley House, #6ABC
$3,295,000

-5.2% | -$140,000

The St. Tropez, #27D
$2,535,000

-9.4% | -$225,000

Austin Nichols House, #B612
$2,175,000

-5.0% | -$105,000

The Centrale, #30A
$1,995,000

-15.0% | -$299,000

Castle Village, #118
$1,700,000

-6.2% | -$110,000

100 United Nations Plaza, #24A
$1,665,000

-10.9% | -$195,000

The Sovereign, #34G
$1,600,000

-7.5% | -$125,000

215 Calyer Street, #1
$1,550,000

-8.1% | -$125,000

335 Warren Street, #401
$1,425,000

-2.6% | -$25,000

24 Fifth Avenue, #1609
$950,000

-7.9% | -$65,000

238 Richardson Street, #3B
$760,000

-14.2% | -$99,000

407 Keap Street, #5
$600,000

-3.3% | -$20,000

The Ansonia, #8129
$579,000

-8.3% | -$50,000

The Marais, #14D
$549,000

-9.8% | -$49,000

7 Park Avenue, #9I
$450,000

-7.3% | -$20,000

The Grosvenor Atterbury, #2G
$255,000

In honor of Bastille Day, see NYC's grandest Beaux-Arts and French Renaissance-style buildings