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Future New York

Price Cuts: Tribeca mansion with rooftop pool chopped by $11M; Several reduced resales on 14th Street

145 Reade Street, #TH (Compass) | https://www.cityrealty.com/nyc/tribeca/145-reade-street/apartment-/GwDLRhWOFX 145 Reade Street, #TH (Compass) | https://www.cityrealty.com/nyc/tribeca/145-reade-street/apartment-/GwDLRhWOFX
As Manhattan's longest east-west thoroughfare, 14th Street has long attracted passersby for its transit connections, proximity to popular neighborhoods like the West Village, the Meatpacking District, and Chelsea; its access to public spaces like Union Square Park and the High Line; and of course, its prime Manhattanhenge viewpoints. As the street continues its transition from car sewer to a more equitably designed boulevard, it has been an interesting time for this stretch.

At the beginning of the year, the MTA completed a $177 million renovation of West 14th Street subway stops to improve accessibility along with some cosmetic improvements. Aboveground, the 14th Street busway that launched in 2019 has been such a success in terms of improved commuting speed and quality of life that the New York City Department of Transportation proposed a similar busway for 34th Street. It's no surprise that many of city's most desirable areas are neighborhoods with superior walkablity and limited car traffic. Furthermore, congestion pricing has proved to be a success in reducing car trips into Lower Manhattan, improving air quality, and speeding up buses.
 
 
 
 
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In this article:

1 Beekman Place
1 Beekman Place Beekman/Sutton Place
57 East 73rd Street
57 East 73rd Street Park/Fifth Ave. to 79th St.
Charing Cross House, 305 East 72nd Street
Charing Cross House, 305 East 72nd Street Lenox Hill
115 East 61st Street
115 East 61st Street Lenox Hill
The Treadwell, 249 East 62nd Street
The Treadwell, 249 East 62nd Street Lenox Hill
As for the real estate market, 14th Street has also seen significant new residential development in recent years. Forena and 101 West 14th Street have utterly transformed the northeast and northwest corners, respectively, of 14th Street and Sixth Avenue; on the southwest corner, The Village West is gearing up for a sales launch later this year. The Elisa, a boutique condominium located up the street and designed by Isay Weinfeld, is now 60% sold; in the opposite direction, demolition work is underway to make way for a soaring condo tower at 35 West 14th Street and 8-12 West 14th Street (also known as 5 West 13th Street). Around the block, seven of the eight units at new condo conversion The Katharine are in contract.
Village West at the southwest corner of 14th Street and Sixth Avenue (July 2025)
Village West showing some skin. Sales are expected to officially launch in the coming weeks
However, the new buildings on and around Fourteenth Street may be stealing the thunder of older buildings on the block. Boutique condominium d'Orsay attracted considerable attention when sales launched in late 2016, but a three-bedroom unit in the building recently experienced a price reduction of nearly 20%. If it sells for the new price of $3.18 million, the seller will take a loss, having bought it from the sponsor for $3.54 million in August 2018. Down the block at 133 West 14th Street, an early residential conversion, two units had their prices reduced. These listings were among nearly 250 condos, co-ops, condops, and townhouses that experiened price reductions from July 8-14, 2025.

d'Orsay, #10B (Douglas Elliman Real Estate)

On the new development front, Upper East Side condominium The Treadwell is approaching 90% sold and prices have been reduced on four remaining sponsor units, including a penthouse with three private terraces. Additionally, prices have been reduced on two units at Iris Tribeca and four units at The Huron in Greenpoint, the latter of which is now offering one year of common charges on contracts signed by July 31, 2025.

The Treadwell, #PH (Brown Harris Stevens Development Marketing LLC)

A selection of notable listings, as well as a full chart of last week's price reductions, may be seen below. Please be advised that all quoted figures reflect cumulative price cuts as opposed to the most recent reductions.



Select listings with price improvements

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145 Reade Street, #TH (Compass)

One Beekman, #AB (Corcoran Group)

133 West 14th Street, #6PH (Redfin Real Estate)

57 East 73rd Street, #1/2 (Compass)

50 King Street, #PHA (The Heller Organization Inc)

One Lincoln Plaza, #20K (Brown Harris Stevens Residential Sales LLC)

64 East 80th Street, #G (Compass)

Be@William, #PHA (Serhant)

Metropolitan Tower, #60C (Christies International Real Estate Group LLC)

115 East 61st Street, #PH (Coldwell Banker Warburg)

2 Fifth Avenue, #5F (Compass)

287 East Houston Street, #3B (Douglas Elliman Real Estate)

301 East 62nd Street, #2K (Compass)

468 West 23rd Street, #1A (Compass)

The Sherwood, #6D (The Agency Brokerage)

The 505, #PH6N (Brown Harris Stevens Residential Sales LLC)

The Bakery Building, #2F (Corcoran Group)

The Bryn Mawr, #9D (CORE Group Marketing LLC)

229 East 29th Street, #E3 (Nest Seekers LLC)

Charing Cross House, #13I (Compass)

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