From May 12-18, 2026, over 300 condos, co-ops, condops, and townhouses in core New York City areas experienced price reductions. The number of price-reduced listings held relatively steady week-over-week, and it must be noted that comes at a time of greater inventory and when many people would prefer to close a deal before summer starts (the Memorial Day federal holiday is on Monday, May 25).
These included 4 Staple Street, the Tribeca townhouse of director/producer Neil Burger and his wife, interior designer Diana Kellogg. Public records indicate that they bought the house for $1.7 million in late 2002; from there, Ms. Kellogg embarked on an extensive renovation that embraced the former warehouse's industrial character while adding a new kitchen, new baths, and a roof garden, as well as the transformation of a former freight elevator into a "green room" the couple uses for Zoom calls. It was initially listed for $30 million in November 2025, a price that includes the two-story townhouse, studio/office/storage space across the street at 1 Jay Street, and private gated parking for two to three cars.
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The house is located on Staple Street, a two-block street in the heart of the Tribeca West Historic District. There is some debate about how the street got its name. Some think it was named after local landowner John J. Staples; others note that the term "staple" was used to refer to both a duty on tobacco exports and a commodity like wood or wool at the time the house was built; and still others consider the possibility that it was a corruption of the world "stable," of which there are many nearby.
"It seemed like this little magical and kind of mysterious place" - Neil Burger on Staples Street
What many can agree on, though, is that Staple Street is a highly attractive block and home to eye-catching Tribeca architecture. The roof deck at 4 Staple Street directly overlooks the skybridge at 9 Jay Street, which was formerly a New York Hospital building; the skybridge was built to transfer patients more easily and is one of Tribeca's most-photographed spots in the present day. During Banksy's Better Out Than In project of 2013, a tribute to 9/11 went up on Staple Street, which is located in close proximity to Duane Street Park, popular Tribeca dining, and the Franklin Street 1 train.
-26.7% | -$8,000,000
4 Staple Street, #TH
$22,000,000
Tribeca | Townhouse | 3 Bedrooms, 3.5 Baths | 6,600 ft2
4 Staple Street, #TH (Sothebys International Realty)
Another notable price reduction took place at The Pulitzer Mansion, an Upper East Side cooperative created from the Gilded Age mansion built by McKim, Meade & White for newspaper magnate Joseph Pulitzer. Mr. Pulitzer only lived there for eight years before his death in 1911; and, rather than getting demolished to make way for a new apartment building as originally planned, it was converted to a cooperative in the 1950s. The duplex penthouse's first owner was Roy Chapman Andrews, former director of the American Museum of Natural History and a paleontologist who discovered the first nest of dinosaur eggs in the Gobi Desert. He is said to have inspired Indiana Jones, though no one associated with the popular films has confirmed this.
Some scientists didn't approve of Mr. Andrews' showmanship, a trait he had in common with the penthouse's most recent owner: During his decades as an auctioneer at Sotheby's, David Redden created new categories and organized some of its most famous sales, including that of Jacqueline Kennedy Onassis' estate and two first printings of the Declaration of Independence. He and his wife, environmentalist Jeannette Redden, bought the penthouse for $2.4 million in 2011, embarked on extensive renovations, and regularly hosted functions for Sotheby's and fund-raising events for environmental groups in the home. It was initially listed for nearly $7 million in May 2024, just before Mr. Redden's death from A.L.S., and it has been on and off the market at gradually lower prices since then.
-37.2% | -$2,525,000
The Pulitzer Mansion, #PH
$4,450,000
Park/Fifth Ave. to 79th St. | Cooperative | 3 Bedrooms, 2.5 Baths
The Pulitzer Mansion, #PH (Sothebys International Realty)
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
-7.1% | -$1,905,000
133 East 73rd Street, #PH
$24,995,000
Lenox Hill | Condominium | 6+ Bedrooms, 6+ Baths | 6,688 ft2
133 East 73rd Street, #PH (Modlin Group LLC)
-14.9% | -$2,750,000
The Bryant, #PHN
$15,750,000
Midtown West | Condominium | 4 Bedrooms, 4.5 Baths | 4,163 ft2
The Bryant, #PHN (Corcoran Sunshine Marketing Group)
-12.1% | -$1,450,000
The Mark, #1502
$10,500,000
Park/Fifth Ave. to 79th St. | Cooperative | 2 Bedrooms, 3 Baths
The Mark, #1502 (Sothebys International Realty)
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-11.4% | -$1,000,000
4 East 72nd Street, #3/4B
$7,750,000
Park/Fifth Ave. to 79th St. | Cooperative | 3 Bedrooms, 4.5 Baths
4 East 72nd Street, #3/4B (Sothebys International Realty)
-6.7% | -$500,000
56 Leonard Street, #29A
$7,000,000
Tribeca | Condominium | 3 Bedrooms, 3.5 Baths | 2,175 ft2
56 Leonard Street, #29A (Douglas Elliman Real Estate)
-6.9% | -$500,000
The Fairchild, #5A
$6,750,000
Tribeca | Condominium | 3 Bedrooms, 3 Baths | 2,029 ft2
The Fairchild, #5A (Compass)
-21.2% | -$1,590,000
329 West 87th Street, #TH
$5,900,000
Riverside Dr./West End Ave. | Townhouse | 5 Bedrooms, 5 Baths | 6,833 ft2
329 West 87th Street, #TH (William Raveis New York City LLC)
-9.4% | -$600,000
The Ramondo, #20C
$5,800,000
Park/Fifth Ave. to 79th St. | Cooperative | 3 Bedrooms, 3 Baths
The Ramondo, #20C (Sloane Square LLC)
-7.0% | -$300,000
The Esquire Building, #6J
$3,995,000
Williamsburg | Condominium | 3 Bedrooms, 2 Baths | 2,350 ft2
The Esquire Building, #6J (Compass)
-24.9% | -$1,195,000
Windsor Tower, #PH7
$3,600,000
Turtle Bay/United Nations | Cooperative | 2 Bedrooms, 2 Baths
Windsor Tower, #PH7 (Douglas Elliman Real Estate)
-3.0% | -$100,000
The Park Imperial, #54F
$3,200,000
Midtown West | Condominium | 2 Bedrooms, 2.5 Baths | 1,477 ft2
The Park Imperial, #54F (Douglas Elliman Real Estate)
-6.3% | -$200,000
2 West 67th Street, #6/7DE
$2,995,000
Central Park West | Cooperative | 3 Bedrooms, 2.5 Baths
2 West 67th Street, #6/7DE (Coldwell Banker Warburg)
-49.5% | -$2,450,000
The Sherry Netherland, #1101
$2,500,000
Park/Fifth Ave. to 79th St. | Cooperative | 2 Bedrooms, 2 Baths
The Sherry Netherland, #1101 (Douglas Elliman Real Estate)
-16.5% | -$495,000
172 Madison, #11A
$2,500,000
Murray Hill | Condominium | 2 Bedrooms, 2.5 Baths | 1,479 ft2
172 Madison, #11A (Corcoran Group)
-10.8% | -$303,000
Trump Tower, #41E
$2,495,000
Midtown East | Condominium | 1 Bedroom, 1 Bath | 1,125 ft2
Trump Tower, #41E (Keller Williams NYC)
-10.4% | -$250,000
Avery, #21A
$2,150,000
Riverside Dr./West End Ave. | Condominium | 2 Bedrooms, 2 Baths | 1,156 ft2
Avery, #21A (Compass)
-10.0% | -$200,000
99 John Deco Lofts, #502-503
$1,800,000
Financial District | Condominium | 1 Bedroom, 2 Baths | 1,449 ft2
99 John Deco Lofts, #502-503 (Sothebys International Realty)
-12.8% | -$250,001
The Eldorado, #1JA
$1,699,999
Central Park West | Cooperative | 2 Bedrooms, 2 Baths
The Eldorado, #1JA (Brown Harris Stevens Residential Sales LLC)
-14.3% | -$250,000
720 Greenwich Street, #1R
$1,500,000
West Village | Cooperative | 1 Bedroom, 1 Bath
720 Greenwich Street, #1R (Compass)
-10.1% | -$160,000
Iris TriBeCa, #4B
$1,420,000
Tribeca | Condominium | 1 Bedroom, 1 Bath | 817 ft2
Iris TriBeCa, #4B (Serhant)
-11.1% | -$150,000
SoHa 118, #PH1F
$1,200,000
Harlem | Condominium | 2 Bedrooms, 2 Baths | 1,214 ft2
SoHa 118, #PH1F (Compass)
-16.7% | -$200,000
56 Court Street, #4B
$995,000
Brooklyn Heights | Condominium | 2 Bedrooms, 1 Bath | 1,280 ft2
56 Court Street, #4B (Douglas Elliman Real Estate)
Rockefeller Apartments, #9C (Corcoran Group)
-3.4% | -$30,000
Skyline Tower, #523
$845,000
Long Island City | Condominium | Studio, 1 Bath | 515 ft2
Skyline Tower, #523 (Modern Spaces)
339 East 58th Street, #9A (Compass)
The Fireside, #506 (Douglas Elliman Real Estate)
-15.3% | -$90,000
179 East 78th Street, #2B
$499,000
Lenox Hill | Cooperative | Studio, 1 Bath | 425 ft2
179 East 78th Street, #2B (Brown Harris Stevens Residential Sales LLC)
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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