Price Cuts: Village firehouse-turned-mansion hosed down by $2M; Massive Dakota combo unit gets $4M haircut

78 Morton Street, #TH (Sotheby's International Realty) | https://www.cityrealty.com/nyc/west-village/78-morton-street/132269/NA/bdMSLvVnB

Wednesday, Oct 1, 2025 By CityRealty Staff, CityRealty contributor

From September 23-29, 2025, just over 300 condos, co-ops, condops, and townhouses in core New York City areas experienced price reductions. These included 78 Morton Street, which was known as "the Red Rover" when it was constructed as a firehouse in 1864. The house served as a volunteer operation before being managed by the FDNY as Engine No. 24, and closed its doors in 1975 amidst the city's financial crisis (h/t Village Preservation).

Fifty years later, 78 Morton Street has been transformed into a one-of-a-kind residence with a four-car garage, a private elevator, top-of-the-line appliances and fixtures throughout, and a basement-level jazz club with stage and wine cellar. Some of the building's ornamentation was removed amidst the initial residential conversion in 2005, but original details were beautifully preserved inside and out.

When the house sold in September 2020, ArtNet identified the buyer as art director/collector Beth Redmond and announced that she planned to use it as an exhibition space. It was listed for $21 million in April 2025, but the price reduction brings it to under $19 million. If it sells for this price, Ms. Redmond will take a loss, having bought it for $19.92 million (per public records).

-9.5% | -$2,005,000

78 Morton Street, #TH
$18,995,000

West Village | Townhouse | 3 Bedrooms, 3.5 Baths | 6,850 ft²

78 Morton Street, #TH (Sothebys International Realty)

From the Listing: Nestled in the heart of the West Village, this extraordinary 25-foot-wide, five-story townhouse—formerly a firehouse—has been transformed into a remarkable 6,850-square-foot private residence with private elevator. With a rare curb cut and a pristine four-car garage, this one-of-a-kind home seamlessly blends historic charm with modern luxury. The house is zoned for multi-use, allowing for a live-work setup and can be tailored to fit any lifestyle. See floor plan and full details here.

-5.8% | -$180,000

200 East 59th Street, #6A
$2,945,000

Midtown East | Condominium | 2 Bedrooms, 2.5 Baths | 1,416 ft²

200 East 59th Street, #6A (Douglas Elliman Real Estate)

From the Listing: This spacious, corner 1,416-square-foot two bedroom, two-and-a-half bath residence features a deep wraparound terrace overlooking Central Park, and western views of the Midtown skyline. The floor-to-ceiling glass windows and expansive 10' ceilings tie the inside/out living concept together perfectly. The 548-square-foot terrace seamlessly connects the great room to an open kitchen. See floor plan and full details here.

A selection of notable listings, 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

-21.1% | -$4,000,000

The Dakota, #84
$15,000,000

Central Park West | Cooperative | 5 Bedrooms, 6+ Baths | 6,000 ft²

The Dakota, #84 (Douglas Elliman Real Estate)

From the Listing: Dive into a world of elegance and history at The Dakota, New York City's most iconic and prestigious address. This extraordinary nearly 6,000+ square foot home with over 130 feet of Central Park frontage, including over a dozen park-facing windows, and four exposures took nearly two dozen transactions and decades to assemble. As you enter this magnificent residence, you are embraced by the grandeur and timeless charm that only the Dakota can offer. Soaring 11+ foot ceilings and intricate period details set the stage for luxurious living. See floor plan and full details here.

-9.2% | -$1,315,000

Madison House, #59A
$12,995,000

Murray Hill | Condominium | 4 Bedrooms, 4.5 Baths | 3,391 ft²

Madison House, #59A (Douglas Elliman Real Estate)

From the Listing: This 3,391-square-foot four-bedroom, four and a half-bath residence opens into an elegant entry foyer, leading to a living and dining room encased with 10-foot tall windows with north, east and west views. Gachot-designed custom rift-cut cabinetry accentuates the open kitchen, with a honed Calacatta Borghini marble waterfall island and backsplash. A private vestibule separates the living area from the primary bedroom suite, creating a sense of privacy. See floor plan and full details here.

-9.6% | -$650,000

Bergen Brooklyn, #PH603W
$6,100,000

Boerum Hill | Condominium | 5 Bedrooms, 4.5 Baths | 2,941 ft²

Bergen Brooklyn, #PH603W (AVDOO & PARTNERS DEVELOPMENT MARKETING INC)

From the Listing: Welcome to PH603W, a truly one-of-a-kind five bedroom, four and a half bath home that beautifully blends traditional elements with a stylish modern design. Upon entering through a formal foyer, you’re greeted with 10’8" ceilings and oversized windows bringing in southern and northern exposure that bathes the home with natural light throughout the day. Enjoy open views and al fresco dining from the large terrace equipped with a built-in gas grill, while the private roof terrace offers additional entertaining space with a temperature-controlled plunge pool and dedicated dining area. See floor plan and full details here.

-16.7% | -$1,000,000

The Promenade, #21/22EG
$4,995,000

Lenox Hill | Condominium | 5 Bedrooms, 5 Baths | 4,952 ft²

The Promenade, #21/22EG (Douglas Elliman Real Estate)

From the Listing: How many bedrooms do you really need? 4, 5, 6, or 7? Introducing The Promenade Condominium residence 21/22EG a 4,952-square-foot home across the 21st and 22nd floors, featuring floor-to-ceiling windows that flood the space with natural light and offer breathtaking views of the East River. Three separate balconies lend an airy touch of serenity and grandeur. This is an incredible opportunity to enjoy the square footage of a townhouse while benefiting from the luxurious amenities and services of an upscale condominium!

Actual common charges are $10,513 per month and real estate taxes $6,448 per month. Buyer to receive credit at closing for $178,596 representing 36 months of the difference ($4,961). See floor plan and full details here.

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-23.2% | -$1,355,000

123 Third Avenue, #18A
$4,495,000

East Village | Condominium | 3 Bedrooms, 3.5 Baths | 2,334 ft²

123 Third Avenue, #18A (Serhant)

From the Listing: Welcome to this top-floor duplex penthouse with three terraces, a solarium, and breathtaking 360-degree views of the Midtown and Downtown Skylines. Spanning 2,350 square feet with 3 bedrooms, 3 bathrooms, and 1 powder room, this sun-splashed sky villa enjoys a prime Manhattan address at the nexus of the East Village, Gramercy, Union Square, and NoHo. White oak hardwood floors and soaring ceilings over 11 feet high run throughout. Property also includes a massive deeded private storage room in cellar. See floor plan and full details here.

-17.8% | -$800,000

161 West 86th Street, #5A
$3,700,000

Broadway Corridor | Cooperative | 5 Bedrooms, 3 Baths | 3,100 ft²

161 West 86th Street, #5A (Sloane Square LLC)

From the Listing: Discover the timeless beauty of this expansive 3,100-square-foot, 10-room home, featuring soaring close to 10-foot ceilings, original herringbone and new chevron floors, and oversized windows flooding every room with natural light-including the kitchen and staff quarters. Located in a boutique, full-service cooperative at 161 W 86th Street, this unique residence offers 5 bedrooms, 3 bathrooms, and gracious living and entertaining spaces. See floor plan and full details here.

-29.4% | -$1,455,000

The Sherry Netherland, #1101
$3,495,000

Park/Fifth Ave. to 79th St. | Cooperative | 2 Bedrooms, 2 Baths

The Sherry Netherland, #1101 (Douglas Elliman Real Estate)

From the Listing: Spectacular 4-room 11th floor aerie in the legendary Sherry-Netherland Hotel on Fifth Avenue boasting expansive vistas of the city skyline and Central Park. This home recently underwent a 2-year meticulous renovation, complete with new windows, central air, audio/visual and lighting systems, custom millwork, etc. The elegant entertaining rooms, centering on a lovely marble gallery, include a wonderful sun drenched 33-foot-long living/dining room overlooking Central Park and Wollman Rink. See floor plan and full details here.

-19.6% | -$655,000

The Laurel, #19D
$2,695,000

Lenox Hill | Condominium | 2 Bedrooms, 2.5 Baths | 1,537 ft²

The Laurel, #19D (Compass)

From the Listing: Discover this masterfully renovated 2-bedroom, 2.5-bathroom residence at The Laurel at 400 East 67th Street 19D, where clean lines, high-end materials, and abundant natural light converge to create a modern sanctuary in the heart of the Upper East Side. Located on the 19th floor, this designer home was renovated in March 2023 and used only as a pied-à-terre, offering an immaculate, like-new feel. Walls of windows frame sweeping city views and flood the space with light, while the layout flows seamlessly for elevated everyday living. See floor plan and full details here.

-7.8% | -$200,000

One Lincoln Square, #16A
$2,350,000

Lincoln Center | Condominium | 2 Bedrooms, 2.5 Baths | 1,725 ft²

One Lincoln Square, #16A (Sothebys International Realty)

From the Listing: Apartment 16-A is one of the finest 2-bedroom (convertible 3-bedroom) condominium apartments available on the Upper West Side. It offers expansive living and entertaining spaces, abundant natural light, and sweeping open views through floor to ceiling windows. This corner home spans approximately 1,725 square feet and features a desirable split two- bedroom, two-and-a-half-bath layout - all just one block from Central Park and Lincoln Center. See floor plan and full details here.

-24.3% | -$705,000

169 East 69th Street, #19A
$2,195,000

Lenox Hill | Cooperative | 2 Bedrooms, 2.5 Baths | 1,413 ft²

169 East 69th Street, #19A (Sothebys International Realty)

From the Listing: Discover refined city living in this beautiful 2-bedroom, 2.5-bath residence, ideally located in a boutique white-glove cooperative on the Upper East Side. Wide-plank wood floors bring warmth and sophistication to the thoughtfully composed interiors. A true rarity in Manhattan, the home features a landscaped wraparound terrace with sweeping south, west, and north skyline views. Monthly maintenance includes utilities and basic cable. See floor plan and full details here.

-9.3% | -$185,000

Trafalgar House, #9E
$1,800,000

Carnegie Hill | Condominium | 2 Bedrooms, 2 Baths | 1,200 ft²

Trafalgar House, #9E (Compass)

From the Listing: You can't beat the location of this sun-filled and spacious corner apartment with open city views. Welcome home to Apartment 9E, featuring 2 split bedrooms and 2 bathrooms, double size living room, large square kitchen, dining area or third bedroom and excellent closet space. Windows in every room allow natural light throughout the day and beautiful open city views. See floor plan and full details here.

-36.4% | -$1,000,000

1 Fifth Avenue, #19A
$1,750,000

Greenwich Village | Cooperative | 2 Bedrooms, 2 Baths

1 Fifth Avenue, #19A (Ann Weintraub Ltd)

From the Listing: Way up high, in the fabled Tower of One Fifth Avenue, sits a totally renovated two bedroom and two full bathroom apartment. All day long, glorious sunshine flows in and enhances the eastern, landmark views from the all glass, oversized, tilt/ turn picture windows that are only permitted in the Tower of this iconic, landmark building. Designer, mahogany built-ins frame the rooms providing a huge amount of storage as well as a beautiful, warm esthetic. Price negotiable. See floor plan and full details here.

-11.7% | -$199,000

407 Central Park West, #PH7B
$1,500,000

Central Park West | Cooperative | 2 Bedrooms, 2 Baths | 1,200 ft²

407 Central Park West, #PH7B (Douglas Elliman Real Estate)

From the Listing: With sweeping views of Central Park and an approx. 300-square-foot terrace, this incomparable prewar 2-bedroom, 2-bathroom duplex penthouse is now offered for sale for the first time in the building's history. The lower level of this stunning property features a gracious entrance foyer preceding a dramatic north-east corner exposure living room with direct park views. A flight of stairs off the living room leads to the upper level of the penthouse. See floor plan and full details here.

-10% | -$150,000

76 Madison Avenue, #8C
$1,350,000

Flatiron/Union Square | Condominium | 1 Bedroom, 1 Bath | 827 ft²

76 Madison Avenue, #8C (Compass)

From the Listing: 76 Madison Avenue, Unit 8C is a spacious 1-bedroom, 1-bath condominium in NoMad, featuring 11’ high beamed ceilings and oversized windows offering skyline views. The open-concept kitchen includes high end appliances including a Sub-Zero refrigerator with ice-maker, Miele cooktop, Miele dishwasher, Marvel wine cooler and Falmec vented hood, while the spacious bedroom accommodates a king-size bed and has custom closets. A private storage unit transfers with the apartment. See floor plan and full details here.

-9.2% | -$124,000

133 West 22nd Street, #6L
$1,225,000

Chelsea | Condominium | 1 Bedroom, 1 Bath | 643 ft²

133 West 22nd Street, #6L (Compass)

From the Listing: This north-facing but sunny apartment features soaring 9.5-foot ceilings, floor-to-ceiling windows, and stunning views of the Empire State Building. The spacious layout includes a custom open kitchen with high-end appliances, an oversized spa-like bathroom, in-unit washer/dryer, central heating and cooling, and sleek hardwood floors throughout. Thoughtful details such as custom closets and a pocket door provide both functionality and a refined, modern aesthetic. See floor plan and full details here.

-11.5% | -$149,999

265 West 122nd Street, #C
$1,150,000

Harlem | Condominium | 2 Bedrooms, 2 Baths | 1,122 ft²

265 West 122nd Street, #C (CORE Group Marketing LLC)

From the Listing: Tax-abated and bathed in southern light, this two-bedroom, two-bathroom boutique condominium offers a serene and stylish urban retreat with extraordinarily low carrying costs that can allow you to own for less than the cost of renting. Enter through a keyed elevator directly into the great room, where natural light floods in from large windows and floor-to-ceiling glass doors that open to a south-facing private balcony.

A private storage unit transfers with the home at no additional cost and is included in your low monthly common charges. 421-tax abatement until 2033. See floor plan and full details here.

-7.8% | -$85,000

129 Malcolm X Boulevard, #3
$999,000

Bedford-Stuyvesant | Condominium | 2 Bedrooms, 2 Baths | 1,163 ft²

129 Malcolm X Boulevard, #3 (Compass)

From the Listing: Outfitted in a historic brownstone on Malcolm X Boulevard, the building blends classic details with modern comfort. Unit #3 offers an expansive living space with 2 bedrooms, 2 full baths, and a home office, plus an additional 39-square-foot private balcony. Additionally, there is a 107-squre-foot private basement storage room accessible through the common hall. See floor plan and full details here.

-13.6% | -$150,000

1 Rutherford Place, #1F
$950,000

Gramercy Park | Cooperative | 1 Bedroom, 1 Bath

1 Rutherford Place, #1F (Serhant)

From the Listing: Perfectly located in the heart of Gramercy, this charming pre-war one-bedroom, one-bathroom apartment offers exclusive views of Stuyvesant Park. The living space is bathed in natural light through the oversized casement windows with eastern exposure, providing a bright and airy atmosphere. Recently renovated, the apartment features new hardwood floors with real American Walnut wood by PID flooring, decorative moldings, and high ceilings, maintaining its classic pre-war character. See floor plan and full details here.

-10.1% | -$101,000

Chartwell House, #2B
$899,000

Yorkville | Condominium | 1 Bedroom, 1.5 Baths | 843 ft²

Chartwell House, #2B (Compass)

From the Listing: Rare opportunity to own a spectacular award-winning, published NYC residence, impeccably designed by nationally-acclaimed interior designers for use as their personal pied-a-terre at the Upper East Side’s distinguished Chartwell House condominium. This one-of-a-kind, turnkey one-bedroom, 1.5 bath home is graced by top-of- the-line luxury furnishings and art - that are also available for sale. Every tasteful detail throughout the distinctive space has been thoughtfully considered, creating a unique masterpiece. See floor plan and full details here.

-11.8% | -$100,000

The Excelsior, #30F
$749,000

Midtown East | Cooperative | 3 Bedrooms, 3 Baths | 2,200 ft²

The Excelsior, #30F (Coldwell Banker Warburg)

From the Listing: Welcome to Apartment 30F at 303 East 57th Street, an expansive 3-bedroom, 3-bathroom home offering light, luxury, and sweeping city views from the 30th floor. This bright and spacious residence features oversized windows in every room, bathing the home in natural light and showcasing stunning views of Manhattan. The open concept living and dining area is perfect for both entertaining and everyday comfort. See floor plan and full details here.

-21.7% | -$165,000

1 Minetta Street, #5B
$595,000

Greenwich Village | Cooperative | 1 Bedroom, 1 Bath

1 Minetta Street, #5B (Douglas Elliman Real Estate)

From the Listing: Welcome to your perfect residence/ pied-a-terre co-op in the vibrant neighborhood of Greenwich Village! This spacious and bright one-bedroom, one-bath apartment offers an ideal urban retreat for those seeking comfort and convenience in one of New York City's most iconic areas. Located on the 5th floor of a classic walk-up building, this residence boasts large windows with views of Minetta Triangle Garden. Seller will offer up to 6 months maintenance fee with an executed contract. See floor plan and full details here.

-12.9% | -$59,001

205 East 63rd Street, #5F
$399,999

Lenox Hill | Cooperative | 1 Bedroom, 1 Bath | 900 ft²

205 East 63rd Street, #5F (Corcoran Group)

From the Listing: This charming and generously sized one-bedroom home is ideally situated on the fifth floor of a Upper East Side Building with exceptional service and 24-hour doorman. Enjoy a quiet home in prime Lenox Hill with south facing windows, huge living room and spacious bedroom which are flooded with natural sunlight. The open kitchen bar area has great space with seating for 5. Discounted utilities for gas and electricity. See floor plan and full details here.

-9.5% | -$2,005,000

78 Morton Street, #TH
$18,995,000

In this article:

-5.8% | -$180,000

200 East 59th Street, #6A
$2,945,000

Recently reduced listings

-21.1% | -$4,000,000

The Dakota, #84
$15,000,000

-9.2% | -$1,315,000

Madison House, #59A
$12,995,000

-9.6% | -$650,000

Bergen Brooklyn, #PH603W
$6,100,000

-16.7% | -$1,000,000

The Promenade, #21/22EG
$4,995,000

Select which properties are of interest to you:

-23.2% | -$1,355,000

123 Third Avenue, #18A
$4,495,000

-17.8% | -$800,000

161 West 86th Street, #5A
$3,700,000

-29.4% | -$1,455,000

The Sherry Netherland, #1101
$3,495,000

-19.6% | -$655,000

The Laurel, #19D
$2,695,000

-7.8% | -$200,000

One Lincoln Square, #16A
$2,350,000

-24.3% | -$705,000

169 East 69th Street, #19A
$2,195,000

-9.3% | -$185,000

Trafalgar House, #9E
$1,800,000

-36.4% | -$1,000,000

1 Fifth Avenue, #19A
$1,750,000

-11.7% | -$199,000

407 Central Park West, #PH7B
$1,500,000

-10% | -$150,000

76 Madison Avenue, #8C
$1,350,000

-9.2% | -$124,000

133 West 22nd Street, #6L
$1,225,000

-11.5% | -$149,999

265 West 122nd Street, #C
$1,150,000

-7.8% | -$85,000

129 Malcolm X Boulevard, #3
$999,000

-13.6% | -$150,000

1 Rutherford Place, #1F
$950,000

-10.1% | -$101,000

Chartwell House, #2B
$899,000

-11.8% | -$100,000

The Excelsior, #30F
$749,000

-21.7% | -$165,000

1 Minetta Street, #5B
$595,000

-12.9% | -$59,001

205 East 63rd Street, #5F
$399,999

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Price Cuts: Village firehouse-turned-mansion hosed down by $2M; Massive Dakota combo unit gets $4M haircut

-9.5% | -$2,005,000 78 Morton Street, #TH$18,995,000

In this article:

-5.8% | -$180,000 200 East 59th Street, #6A$2,945,000

Recently reduced listings

-21.1% | -$4,000,000 The Dakota, #84$15,000,000

-9.2% | -$1,315,000 Madison House, #59A$12,995,000

-9.6% | -$650,000 Bergen Brooklyn, #PH603W$6,100,000

-16.7% | -$1,000,000 The Promenade, #21/22EG$4,995,000

Select which properties are of interest to you:

-23.2% | -$1,355,000 123 Third Avenue, #18A$4,495,000

-17.8% | -$800,000 161 West 86th Street, #5A$3,700,000

-29.4% | -$1,455,000 The Sherry Netherland, #1101$3,495,000

-19.6% | -$655,000 The Laurel, #19D$2,695,000

-7.8% | -$200,000 One Lincoln Square, #16A$2,350,000

-24.3% | -$705,000 169 East 69th Street, #19A$2,195,000

-9.3% | -$185,000 Trafalgar House, #9E$1,800,000

-36.4% | -$1,000,000 1 Fifth Avenue, #19A$1,750,000

-11.7% | -$199,000 407 Central Park West, #PH7B$1,500,000

-10% | -$150,000 76 Madison Avenue, #8C$1,350,000

-9.2% | -$124,000 133 West 22nd Street, #6L$1,225,000

-11.5% | -$149,999 265 West 122nd Street, #C$1,150,000

-7.8% | -$85,000 129 Malcolm X Boulevard, #3$999,000

-13.6% | -$150,000 1 Rutherford Place, #1F$950,000

-10.1% | -$101,000 Chartwell House, #2B$899,000

-11.8% | -$100,000 The Excelsior, #30F$749,000

-21.7% | -$165,000 1 Minetta Street, #5B$595,000

-12.9% | -$59,001 205 East 63rd Street, #5F$399,999

Related Listings

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-9.5% | -$2,005,000

78 Morton Street, #TH
$18,995,000

-5.8% | -$180,000

200 East 59th Street, #6A
$2,945,000

-21.1% | -$4,000,000

The Dakota, #84
$15,000,000

-9.2% | -$1,315,000

Madison House, #59A
$12,995,000

-9.6% | -$650,000

Bergen Brooklyn, #PH603W
$6,100,000

-16.7% | -$1,000,000

The Promenade, #21/22EG
$4,995,000

-23.2% | -$1,355,000

123 Third Avenue, #18A
$4,495,000

-17.8% | -$800,000

161 West 86th Street, #5A
$3,700,000

-29.4% | -$1,455,000

The Sherry Netherland, #1101
$3,495,000

-19.6% | -$655,000

The Laurel, #19D
$2,695,000

-7.8% | -$200,000

One Lincoln Square, #16A
$2,350,000

-24.3% | -$705,000

169 East 69th Street, #19A
$2,195,000

-9.3% | -$185,000

Trafalgar House, #9E
$1,800,000

-36.4% | -$1,000,000

1 Fifth Avenue, #19A
$1,750,000

-11.7% | -$199,000

407 Central Park West, #PH7B
$1,500,000

-10% | -$150,000

76 Madison Avenue, #8C
$1,350,000

-9.2% | -$124,000

133 West 22nd Street, #6L
$1,225,000

-11.5% | -$149,999

265 West 122nd Street, #C
$1,150,000

-7.8% | -$85,000

129 Malcolm X Boulevard, #3
$999,000

-13.6% | -$150,000

1 Rutherford Place, #1F
$950,000

-10.1% | -$101,000

Chartwell House, #2B
$899,000

-11.8% | -$100,000

The Excelsior, #30F
$749,000

-21.7% | -$165,000

1 Minetta Street, #5B
$595,000

-12.9% | -$59,001

205 East 63rd Street, #5F
$399,999

Views, Light, and Value: A Q&A with Kayla Lee on what today’s NYC buyers really want