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508 West 24th Street via Douglas Elliman
From Great Listings
Deep Discounts: Manhattan condos listed at over 40% below their historic value
By CityRealty Staff
Friday, November 13, 2020
In the past few years, Manhattan has seen a high-end residential condo building boom unseen in its history. Now in the midst of a pandemic and economic uncertainty, the velocity of sales has dramatically slowed when compared to year's past, causing listings to sit on the market longer and slow drop in prices to attract buyers.
Below, we took a look at listings priced furthest below their building's four-year closing average of the corresponding unit type. For example, the West Chelsea condo 551W21 has sold 12 three-bedroom units over the past four years for an average price per square foot of $3,689. Currently, there is a seventh-floor 3-bedroom available in the building asking $2,117 a foot — 41% below the building's recent 3-bed closing average. Find a list of other stellar bargains we've uncovered below.
Below, we took a look at listings priced furthest below their building's four-year closing average of the corresponding unit type. For example, the West Chelsea condo 551W21 has sold 12 three-bedroom units over the past four years for an average price per square foot of $3,689. Currently, there is a seventh-floor 3-bedroom available in the building asking $2,117 a foot — 41% below the building's recent 3-bed closing average. Find a list of other stellar bargains we've uncovered below.
All images of 551W21 via Douglas Elliman
All images of 551 West 21st Street via Douglas Elliman
This condo is located in the heart of the Chelsea Arts District, but stands as a work of art in and of itself. A private key-locked elevator opens to a 35' gallery that flows into a grand living/dining room flooded with sunlight. The chef's kitchen is outfitted with a massive center island and breakfast bar, custom oak cabinetry, marble countertops and backsplash, and top-of-the-line appliances. See floor plan and full details here.
All images of 12 East 88th Street via The Modlin Group
Located steps from Fifth Avenue, this condominium in a Rosario Candela-designed building reinterprets classic prewar interiors with views of neighboring Beaux-Arts townhouses. The bright chef's kitchen is outfitted with custom white cabinetry, marble countertops and backsplash, and professional-grade appliances. Both bedrooms feature walk-in closets and en suite baths. See floor plan and full details here.
160 East 22nd Street via CityRealty
Interiors via Douglas Elliman
Features of this sublime Gramercy apartment include elegant wide plank white oak floors, central air conditioning, an Energy Star-rated Bosch washer/dryer, high ceilings, and oversized floor-to-ceiling windows with southern, eastern, and western exposure. The open-concept living/dining area flow seamlessly into a kitchen with eat-in waterfall island, stone countertops, and a suite of high-end integrated appliances. The master suite boasts a walk-in closet, an additional reach-in closet, a custom built-in, and spa-like bath. See floor plan and full details here
The Level Club via CityRealty
Interiors via The Corcoran Group
A bright atrium sits at the heart of this meticulously renovated home on the Upper West Side. Interiors feature modern beamed ceilings, central air conditioning, open renovated chef's kitchen, and cherry hardwood floors throughout. The bedrooms are separate from the living room for optimal privacy, and the master suite features a dressing area and generous closet space. See floor plan and full details here.
All images of 302 West 12th Street via Sotheby's International Realty
Charming classic details throughout this West Village sanctuary include beautifully maintained original hardwood maple floors, high-beamed ceilings, time-period moldings, brass railings, and mirrors. The spacious sunken living room is fit to accommodate a separate dining area and is perfect for entertaining. The windowed kitchen has a four-burner gas range, dishwasher, and plenty of cabinet and counter space. See floor plan and full details here.
All images of 508 West 24th Street via Douglas Elliman
Exquisite penthouse on the High Line boasts corner exposures, 11' ceilings, wood-burning fireplace, separate eat-in chef's kitchen, massive master bedroom wing, and oversized casement windows overlooking spectacular views of the Empire State Building and Hudson Yards. The crowning glory is a private, 1,900-square-foot roof terrace with sweeping skyline and river views. High-tech features include integrated AV capability, high-performance acoustic insulation, remote controlled shades, and a multi-zoned heating and cooling system. See floor plan and full details here.
All images of Evans Tower via The Corcoran Group
Upper East Side duplex in a full-service condominium boasts 18' ceilings, 15' windows, and a beautiful walnut staircase connecting both levels. The first floor is home to a large living room, dining area, laundry room, and open kitchen with granite countertops, stainless steel appliances, and mahogany cabinetry. Upstairs, the bedroom has an en suite bath and three closets, including one walk-in. See floor plan and full details here.
All images of 15 Central Park West via Nest Seekers
Spacious corner condo is currently configured as raw space with two full baths. Features include semi-private entrance on West 61st Street, grand windows, southern and eastern exposures, and direct views of Central Park. It is in a Robert A.M. Stern-designed condominium with a private dining room, a library, a screening room, a health club, a beautiful pool, and private wine cellars. See floor plan and full details here.
J.W. Marriott Essex House via CityRealty
Interiors via Sotheby's International Realty
Triple-mint condo on Central Park has recently been renovated with surround sound system, Lutron lighting, security cameras, Sub-Zero wine cooler, and state-of-the-art appliances in the kitchen. A fireplace is at the heart of the living room, which opens up to a separate dining area. The primary bedroom boasts gracious proportions, an elegant fireplace, a massive custom-designed walk-in closet with antique mirrors, and luxurious en suite bath. See floor plan and full details here.
All images of NINE52 via Sotheby's International Realty
Spacious apartment in a full-service condominium boasts airy 10' ceilings, stained white oak hardwood floors, and a white wave wall that leads to an open-concept living/dining area. The sleek kitchen is outfitted with custom lacquer cabinetry, Caesarstone countertops, and fully integrated refrigerator. The lower level can work as a home office or sleeping area, or whatever the buyer can imagine. See floor plan and full details here.
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