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One Manhattan Square via Extell One Manhattan Square via Extell
In a noticeable departure from the typical 8,000+ listings on the market prior to the COVID-19 pandemic, there are only 6,995 condos, co-ops, and condops for sale in core areas of New York. A look at Manhattan's 5,520 listings shows that the median condo price stands at $2.495 million ($1,839 per square foot), and the listed co-ops come in at a median of $945K.

Over the past seven days, 59 sales listings throughout New York experienced price reductions. Notable among them was a one-bedroom resale at One Manhattan Square chopped from $1.75 million by 23% to $1.34 million. The listing may be a case of an over-ambitous seller receiving a reality check. The unit closed in May 2019 for $1,249,356, 6.5% less than the sponsor's last listing price of $1.336 million. The buyer is identified only as Strong Investments LLC.

Remaining availabilities at the amenity-rich downtown condominium currently start at $1.22 million but may dip lower. Earlier this week, the building's developer, Extell Development announced that it is offering discounts of up to 20 percent on all remaining units. According to TRD, Extell said the decision to slash prices was made “in response to global conditions related to COVID-19.”

Below, see a selection of the top price cuts of the past seven days. Please note that all listings show cumulative price cuts and not the most recent reductions.

110-Riverside-Drive-01 All images of 110 Riverside Drive via The Corcoran Group
Recent updates to this Upper West Side maisonette include freshly painted walls and redone hardwood floors. The living room enjoys abundant natural light, high beamed ceilings, a windowed reading nook, and built-in bookshelves. It flows seamlessly into a kitchen with breakfast bar seating. See floor plan and full details here.

15-Central-Park-West-01 All images of 15 Central Park West via Brown Harris Stevens
Corner condo in a prestigious Central Park West building looks out on panoramic Central Park and Columbus Circle views from floor-to-ceiling windows. Interiors boast soaring ceilings, Venetian plaster walls, and stunning limestone floors. The kitchen has been redesigned with custom cabinetry, quartz countertops, and top-of-the-line appliances. See floor plan and full details here.

35-Sutton-Place-01 All images of 35 Sutton Place via Compass
Classic six is well situated on a high floor above the East River and the 59th Street Bridge. Interiors boast a gracious foyer, formal dining room, and abundant closet space. The master suite is filled with natural light from corner exposures. A virtual tour is available for this unit. See floor plan and full details here.

165-West-End-Avenue-01 All images of Lincoln Towers via The Corcoran Group
Sizable studio in an amenity-rich cooperative can have the sleeping alcove converted to a true bedroom. Recent improvements include an updated bath and renovated kitchen with bright white cabinetry, stainless steel appliances, and granite countertops. Gas, electricity, and air conditioning are included in the maintenance, and the building is well situated near Riverside Park, Central Park, Lincoln Center, and top restaurants and shops. See floor plan and full details here.

1991-Broadway-01 All images of The Bel Canto via Anchor Associates
High-floor home looks out on spectacular Central Park views from oversized windows, and the large living room opens up to a private terrace. The kitchen has been updated with top-of-the-line stainless steel appliances, custom cabinetry, and granite countertops. The master suite enjoys a walk-in closet, wall-to-wall custom-built closet, spa-like bath, and access to a second private terrace. See floor plan and full details here.

207-East-57th-Street-01 All images of Place 57 via Douglas Elliman
Located off Billionaires' Row, this high-floor home enjoys panoramic skyline and Central Park views floor-to-ceiling windows in all directions. The large living room enjoys abundant natural light and room for a sizable dining table. The state-of-the-art kitchen comes outfitted with large stone countertops and Viking appliances. All bedrooms have incredible views and en suite baths. See floor plan and full details here.

2-Horatio-Street-01 All images of 2 Horatio Street via Barlavi Realty LLC
A wood-burning fireplace is the centerpiece of this serene studio, and additional features include beamed ceilings, hardwood floors, beautifully restored moldings and doors, and built-in bookshelves. The bath has been fully renovated, as has the windowed kitchen. It is located in a Bing & Bing-designed building overlooking Jackson Square Park and close to the best of the Village. Video tours are available for this unit. See floor plan and full details here.

252-South-Street-01 All images of One Manhattan Square via Nest Seekers
High-floor unit looks out on sweeping river and Brooklyn views through oversized windows. Recent upgrades include custom built-in closets, custom blackout shades in the bedroom, and custom glass shower door. It is situated in a stunning supertall with amenities catering to seemingly every sport, lifestyle, interest, and hobby. A virtual tour is available for this unit. See floor plan and full details here.

141-East-88th-Street-01 All images of Philip House via Sotheby's
Grand home in an Upper East Side condo conversion boasts gracious entrance gallery, 10' ceilings, crown moldings, and oversized, double-insulated windows. Directly adjacent to the dining room, the windowed chef's eat-in kitchen is outfitted with custom cabinetry, honed bluestone countertops, and high-end appliances. The master suite has a dressing area filled with custom closets and a luxurious bath. A virtual tour is available for this unit. See floor plan and full details here.

570-Park-Avenue-01 All images of 570 Park Avenue via Compass
Corner co-op in an Emery Roth-designed building was originally a classic seven, but has been converted to six rooms with three bedroom suites. A grand entry foyer leads to an east-facing living room with wood-burning fireplace and Park Avenue views. The building is close to Central Park, Madison Avenue shopping, and Michelin-starred restaurants. See floor plan and full details here.

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