315 East 12th Street, #33 (Brown Harris Stevens)
When seeing an especially low-priced New York City listing, the first question savvy buyers ask is, “What’s the catch?” Is it haunted? Does it need a lot of work? Does the low sticker price belie exorbitant monthly fees? The last point is sometimes the case in the city’s land-lease buildings. In sharp contrast to buildings where the land is owned by the developers and monthly fees tend to creep up slowly but surely over time, fees in land-lease buildings tend to skyrocket as the lease nears expiration or when the building has a “reset-to-market” clause.
This can lead to owners scrambling to get rid of the apartments so as not to be saddled with staggering monthly fees, which sometimes leads to jaw-droppingly low prices. Exempli gratia: A four-bedroom penthouse with a massive private terrace at The Excelsior recently had its price reduced to $3.65 million, a figure all but unheard of for a Billionaires’ Row penthouse. However, this building is notorious for its low sticker prices and high monthlies; a closer look at the listing shows monthly fees of over $16,000. Further uptown, a massive Carnegie Hill three-bedroom is down to $500,000 but with monthly fees of over $12,000.
In this article:
These apartments are among the 154 listings throughout New York City that experienced price reductions from November 22-28, 2023. A selection of notable discounts may be found below, and a full list of recently reduced listings can be seen here. Please be advised that all of the figures quotes below reflect cumulative price cuts as opposed to the most recent reductions.
205 West 139th Street, #TH (The Corcoran Group)
From the Listing: Designed in 1893 by architect McKim Mead & White, this exquisite home is loaded with original detail. Walk into this extremely charming home and be greeted by twin Corinthian columns and twisted balusters and unbelievable amount of details such as alcove benches, oak floors with mahogany inlays, crown dentil moldings, six fireplaces, 12-foot ceilings, built-in seating and a south facing Juliet balcony. This property has 5 bedrooms, 3 1/2 bathrooms, a laundry and storage room, and a private two-car garage. See floor plan and full details here.
The Armstead, #11A (R New York)
From the Listing: Welcome to apartment 11A, a fully renovated, equally warm and comfortable home for everyday living and entertaining while remaining effortlessly chic. A spacious entry foyer welcomes you into the home, and opens to a grand living and dining area where you are met with a beautifully renovated kitchen flooded with natural light. The corner oversized southern-facing primary suite features an entry hallway with a large, windowed walk-in closet with custom cabinetry, lighting, and an additional custom closet for extra storage. See floor plan and full details here.
330 Third Avenue, #9G (Brown Harris Stevens)
From the Listing: Spectacular sunny corner oversized one-bedroom with south and east city views is easily convertible into a two-bedroom. This property has huge dining and living areas perfect for all your entertaining needs, beautiful hardwood floors, and amazing closet space throughout. Building features include live-in super, 24-hour door attendant, great staff, and new hallways, lobby, mail/package room, and laundry facilities. See floor plan and full details here.
315 East 12th Street, #33 (Brown Harris Stevens)
From the Listing: Featured in the New York Times, Apartment Therapy, and The Nate Berkus Show, this stunning space is a tribute to Japanese multi-use design and environmentally-conscious living. The hidden closets and multi-use efficiency make the most of every inch of space, while the raised floor dining table in the tea room provides an intimate dining experience. The Greenwall System and Concept is by Patrick Blanc, with deign consultation by Tina Dituri at Blondie’s Treehouse.
See floor plan and full details here.
30 Warren Street, #7A (The Corcoran Group)
From the Listing: This home features high-performance soundproof Schuco windows and a floor-to-ceiling curtain wall in the living room providing direct natural light and open city views in every room. Entertaining is a pleasure in the very generous living and dining areas, complemented by a beautifully appointed open kitchen showing Italian lacquer cabinetry, fluted glass doors, Tundra Grey marble counters and a seamless white polished glass backsplash. See floor plan and full details here.
597 East 8th Street, #TH (Compass)
From the Listing: This 4-bedroom, fully detached house with a huge rec room and 30 foot-wide backyard is truly special and stunningly beautiful! It was renovated from top to bottom less than five years ago and is in excellent condition - no need to do any work before you move in. The roof, windows and interior/exterior doors are all new, and the house has been fully insulated to save money and energy. The interior design features of the house are also exceptional. See floor plan and full details here.
The Penny Lane, #507 (Brown Harris Stevens)
From the Listing: This recently renovated space has a new kitchen featuring brand new stainless steel appliances, marble countertops and backsplash, custom cabinets, and lots of storage. The dining foyer is the perfect space for a sizable table with accompanying chairs. The living room feels enormous with large south-facing windows and 16’ ceilings. Adjacent to the living room is also a sunny private balcony. The bathroom was also recently renovated. The upstairs sleeping area also has good ceiling heights and is huge at 17’9" x 15’5". See floor plan and full details here.
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Liberty Court, #27EF (Compass)
From the Listing: Unparalleled views of Lady Liberty and beyond...this corner combination unit has been exquisitely renovated to the highest standards. Light and bright finishes include a stunning herringbone floor throughout the unit and a unique glassed-in library/den off the living room. The chef’s kitchen has Gaggenau, Miele, Sub-Zero and Wolf appliances, beautiful open shelving, and excellent counter space. See floor plan and full details here.
Victoria House, #11R (Argo Residential)
From the Listing: Apartment 11R is a corner unit facing south, offering open city views and an abundance of natural light that beautifully accentuates the updated features. The living space boasts fresh white oak floors throughout, a perfect fit for the unit’s style. The outdoor terrace offers a great space for your personal use, complete with water access for plants and convenient lighting and outlet features. See floor plan and full details here.
The Chapin House, #1M (Serhant LLC)
From the Listing: Upon entering this spacious studio, you will be greeted by an inviting open layout, featuring a generously sized living room that seamlessly flows into your own private outdoor space. The apartment boasts a meticulously maintained granite kitchen and bathroom, offering a pristine and modern feel. You’ll also appreciate the abundance of additional closets and built-ins, ensuring ample storage solutions. The bedroom loft is cleverly designed to accommodate a queen-sized bed while maximizing storage capacity. See floor plan and full details here.
The Sherry Netherland, #505 (Sotheby's International Realty)
From the Listing: The graciously proportioned #505 was meticulously designed by the famed Jeffrey Bradfield, named a Dean of American Design by Architectural Digest and a Top Ten Designer by The Robb Report. Every exquisite, custom-made detail in this pristine-condition residence is rare and impressive, and reminiscent of another refined era. Superlative elements abound throughout representing an unparalleled quality of craftsmanship. A 137-square-foot windowed storage unit with its own full bath comes with the apartment. See floor plan and full details here.
The Leonori, #7A (Compass)
From the Listing: Old World charm abounds in this majestic two-bedroom home with 10’2" ceilings having corner north/west exposure at the famed Leonori Condominium. Gracing the home with pure elegance are the cabinetry, solid paneled and glass French doors, oversized moldings, fabric walls, vibrant lacquered ceiling and walls with quality custom painting throughout. The home is adorned with exceptional architectural details that include built-in shelves and drawers, custom shelving, French glass doors, sconces, library walls, chandeliers and heightened walls for large art. See floor plan and full details here.
Trump World Tower, #32D (Douglas Elliman)
From the Listing: This sleek and luxuriously spacious 2-bedroom, 2.5-bathroom home features a perfect split bedroom layout with extra-large living room perfect for entertaining, grand 10-foot ceilings, and stunning floor-to-ceiling windows throughout. Enjoy dazzling sunsets with open city views facing west, including the glamorous Chrysler Building. The home features rich espresso brown floors throughout, spacious state-of-the-art kitchen, tons of closets, and full-size washer and dryer.
See floor plan and full details here.
The Excelsior, #PHA (Compass)
From the Listing: Upon entering this duplex apartment, you are greeted by a stunning entrance gallery and your eyes are immediately directed to the oversized windows which provide sweeping city and river views. The oversized living room is easily accessible to the formal dining room that has its own private terrace. The breathtaking spiral staircase will lead you to the top floor of the apartment where you will find the primary bedroom, primary bathroom, dressing room, and multiple walk-in closets. See floor plan and full details here.
Museum Tower, #29AF/30A (The Corcoran Group)
From the Listing: Renovated with the highest level of luxury and refinement, this duplex property offers a magnificent sweep of 128 linear feet of open Manhattan and Central Park views. A breathtaking flying staircase of glass and metal commands the 38-foot corner living room which features floor-to-ceiling windows, custom cove lighting and moldings, and wide plank wood flooring. The versatile and highly functional kitchen, which can be partitioned from the dining room, features a modern suite of Viking industrial appliances. See floor plan and full details here.
40 East 80th Street, #25A (Douglas Elliman)
From the Listing: This cavernous, sun splashed three-bedroom, three-bath apartment exemplifies Manhattan living at its best. From the moment you enter from your semi-private entrance, shared with only one other apartment on the floor, you enter a gracious entry gallery which transitions into the oversized living room. A large private terrace is assessed directly through the living room which offers you the opportunity to enjoy fresh air and the open views. See floor plan and full details here.
Would you like to tour any of these properties?
Just complete the info below.
Or call us at (212) 755-5544
Would you like to tour any of these properties?
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