Treasury Secretary Steven Mnuchin and interior of his listed apartment at 740 Park Avenue (Warburg Realty)
As 347 sales listings experienced price cuts over the past seven days, even the most prestigious buildings and powerful residents were not immune to market realities. Treasury Secretary Steven Mnuchin originally listed his apartment in the Rosario Candela-designed "tower of power" 740 Park Avenue for $32.5 million in September 2018. The apartment experienced a few price drops, and the New York Post reports that it has just been relisted for $25.75 million, or more than 20 percent less than its original price. Please be advised that these figures, like all those listed below, reflect cumulative price cuts as opposed to the most recent reductions.
As of August 19, 2020, CityRealty sales listings show 11,189 condos, co-ops, condops, and townhouses for sale in Manhattan, Brooklyn, western Queens, and parts of the Bronx. Manhattan median prices condo prices dropped to $2,195,742, or $1,722 per square foot. Median co-ops prices, however, ticked up a notch to $896,041.
The number of New York City rental availabilities continues its ascent to 20,833 listings. Manhattan median rents slid to $2,474/month for studios, $3,095/month for one-beds, $3,724/month for two-beds, and $4,658/month for three-beds.
The number of New York City rental availabilities continues its ascent to 20,833 listings. Manhattan median rents slid to $2,474/month for studios, $3,095/month for one-beds, $3,724/month for two-beds, and $4,658/month for three-beds.
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Sales Price Cuts
All images of 740 Park Avenue via Warburg Realty
Duplex apartment in a Rosario Candela-designed cooperative is entered through a private elevator landing that opens to a grand gallery with 11' ceilings, marble floors, and a curved staircase with original banister. All the major entertaining rooms feature wood-burning fireplaces, and the 800-square-foot living room has four oversized windows looking out on 34 linear feet of Park Avenue frontage. The windowed kitchen is outfitted with a center island, breakfast room, storage pantry, and top-of-the-line appliances. See floor plan and full details here.
All images of One Morningside Park via Compass
Corner condo above Central Park enjoys southeastern exposures and open views from massive windows and a private balcony off the living room. The open kitchen comes outfitted with sleek custom cabinetry, quartzite countertops, and built-in seating. A split floor plan allows for optimal privacy between the bedrooms, and the master suite has a large walk-in closet and windowed bath. A 421a tax abatement is in effect until 2040. See floor plan and full details here.
All images of 137 West 142nd Street via Foxworth Realty
Sunny uptown apartment is rich in prewar details like 9' ceilings, windows in every room, original refurbished wood paneled floors, and split bedrooms. A hallway separates the spacious living room and formal dining room from the windowed kitchen. Both bedrooms enjoy excellent natural light, and the master bedroom has a double closet. See floor plan and full details here.
All images of Trump World Tower via Compass
Two apartments have been combined into one sprawling apartment with stunning natural light and East River views. Recent improvements include new air conditioning, new plumbing, new electricity, Lutron lighting, specialized art rails, and a smart home system to control the shades, lights, and sound systems. The custom windowed kitchen and formal dining area open up to a large living room with custom wine station and disappearing television. See floor plan and full details here.
All images of Bleecker Court via Compass
On Bleecker Street, three adjacent units have been combined into a loft-like triplex with incredible light and proportions. The dramatic corner living room boasts 10' ceilings and southeastern exposures. The marble chef's kitchen is equipped with designer lighting, abundant cabinetry, and premium stainless steel appliances. A virtual tour is available for this unit. See floor plan and full details here.
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All images of One Manhattan Square via Nest Seekers
High-floor home on the East River waterfront has been upgraded with custom built-in closets and blackout shades in the bedroom. The gourmet kitchen features a breakfast bar, imported stone finishes, and a premium Miele appliance package. It is in a new condominium with over 100,000 square feet of athletic, social, leisure, and outdoor amenities. A 20-year tax abatement is in effect, and the seller is paying common charges for two years. See floor plan and full details here.
All images of The Sovereign via Brown Harris Stevens
High-floor home in a soaring post-war cooperative boasts skyline views from the formal dining room and stunning river views from the private balcony off the living room. The chef's kitchen comes equipped with a large center island and professional-grade appliances. The 20' corner master suite has city and river views, a dressing room, and an enlarged bath. A virtual tour is available for this unit. See floor plan and full details here.
All images of W Downtown Hotel & Residences via VHT Studios
High-floor home looks out on spectacular views of the Lower Manhattan skyline, the Hudson River, the Statue of Liberty, and 9/11 Memorial Park through every window, including in the kitchen and bath. There is an option to buy fully furnished. Residents have access to all the hotel's amenities and services, including the world-renowned Whatever/Whenever concierge service. See floor plan and full details here.
All images of 330 East 79th Street via The Corcoran Group
Charming prewar apartment enjoys incredible natural light from open northern exposure. The kitchen has been beautifully renovated with quartz countertops and stainless steel appliances. There is generous closet space throughout, including a walk-in in the master bedroom. See floor plan and full details here.
All images of The Hampshire House via Avalon Partners NY
Classically elegant apartment is reached via private elevator entrance. Upon arrival, interiors feature high ceilings, oversized rooms, custom kitchen, sizable bedrooms, and breathtaking views of Central Park. Amenities and services at this doorman building include housekeeping service, laundry service, and a state-of-the-art fitness center. See full details here.
All images of 490 West End Avenue via Douglas Elliman
Upper West Side apartment is well situated in an elegant prewar building near Riverside Park, Central Park, top shopping, and public transportation. Interiors feature soaring ceilings, custom built-ins, generous closet space, and new hardwood floors throughout. The windowed kitchen has a breakfast bar, built-in desk, and top-of-the-line appliances. A virtual tour is available for this unit. See floor plan and full details here.
Rental Price Cuts
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