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The asking price of this Tribeca townhouse has been reduced by 25% (Compass) The asking price of this Tribeca townhouse has been reduced by 25% (Compass)
Over the past seven days, 353 sales listings throughout New York experienced price reductions. As proof that even the most venerable buildings are not immune to fluctuating market conditions, one of these is an apartment in The Beresford, a New York City Landmark that architecture critic Carter Horsley describes as "a monumental and magnificent palazzo." The three-towered design by Emery Roth is immediately recognizable over Central Park, and the unit in question masterfully marries original prewar details and modern updates. But the combination has thus far failed to entice, and the apartment has been reduced by 25.9 percent, or $1.4 million, to $3.999 million.

Please note that these numbers, like all those quoted below, reflect cumulative price cuts as opposed to the most recent reductions. Contact CityRealty to find a buyer's broker to assist you with your search and negotiate these asking prices even further down.
The price reductions come at a time when there are 12,818 condos, co-ops, condops, and townhouses for sale in Manhattan, Brooklyn, and parts of Queens and the Bronx. While this number of availabilities seems high, it is down slightly from last week, suggesting that things may be starting to plateau.

According to CityRealty listings, Manhattan's median condo price has dropped below $2 million to $1,999,909, or $1,666 per square foot. Meanwhile, after a few weeks of ticking up, Manhattan's median co-op price dropped to $900,900.

60-Orchard-Street-01 All images of 60 Orchard Street via Compass
Full-floor apartment in a Lower East Side boutique condominium is reached via direct keyed elevator entry and rich in stylish details throughout. The living room boasts a gas fireplace and floor-to-ceiling sliding glass walls that open to a large private terrace. The primary suite on the opposite end opens up to a private balcony, and two exceptionally designed baths feature a deep soaking tub and walk-in shower. See floor plan and full details here.

150-Reade-Street-01 All images of 150 Reade Street via Compass
Single-family townhouse in the heart of Tribeca has been beautifully renovated with geothermal heating and cooling, Crestron smart-home technology, and top-of-the-line appliances. Past the chef's kitchen, the living room features a wood-burning fireplace and 21' double-height ceilings. A few flights up, a full-floor primary suite boasts arched windows, two walls of custom closets, and opulent bath. The crowning glory is a duplex roof deck with planted terrace and direct views of One World Trade Center. See floor plan and full details here.

211-Central-Park-West-01 All images of The Beresford via Carol E. Levy Real Estate
Upon entering this home in a magnificent prewar building, a grand gallery leads to a large living room with a wood-burning fireplace and open city vistas. The apartment has been updated with new windows, top-of-the-line stainless steel appliances in the kitchen, and new windowed marble baths. However, original architectural details like 10' ceilings, plaster crown moldings, and gorgeous hardwood floors remain intact. See floor plan and full details here.

301-East-61st-Street-01 All images of the Clare via Compass
Duplex loft on the Upper East Side faces south and boasts 18' ceilings, floor-to-ceiling windows, LED lighting, in-unit washer/dryer, and heated white oak floors throughout. The open kitchen is outfitted with custom Poggenpohl cabinetry, quartz countertops and backsplash, a spacious island, and Miele appliances. Upstairs, the primary suite features generous closet space and bath with marble floors and separate stall shower. See floor plan and full details here.

312-West-71st-Street-01 All images of 312 West 71st Street via Christie's International Real Estate
Beautifully restored Renaissance Revival townhouse features six bedrooms, five full baths, two powder rooms, a finished basement, a rear garden, and a rooftop terrace. It is rich in historic details like wainscoting, hardwood floors, a carved wooden staircase, soaring ceilings of up to 13 feet with crystal chandeliers, and working fireplaces. The centerpiece of the parlor floor is a light-filled living room adorned with two chandeliers, crown moldings, an impressive wall-inset bookcase, Tiffany-style glass cabinets, a wet bar, and three floor-to-ceiling windows. See floor plan and full details here.

59-John-Street-01 All images of Five Nine John Lofts via Compass
Fully renovated loft in a premier Lower Manhattan condominium boasts 12' ceilings, home office with HVAC, in-unit washer/dryer, and white oak floors throughout. The open kitchen is finished with granite countertops and stainless steel appliances. The primary bedroom has two large closets and bath with deep soaking tub and separate shower with glass doors. See floor plan and full details here.

44-Prospect-Park-West-01 All images of 44 Prospect Park West via Douglas Elliman
Sunny, spacious home in a prewar building boasts generous layout, arched doorways, and hardwood floors throughout. The kitchen features a gas stove and abundant white cabinetry. The building is located on a tree-lined street near Prospect Park, independent boutique, and 5th and 7th Avenue dining. See floor plan and full details here.

137-West-142nd-Street-01 All images of 137 West 142nd Street via Foxworth Realty
Sunny uptown apartment has recently been updated, but remains rich in prewar details like 9' ceilings, windows in every room, original refurbished wood paneled floors, and split bedrooms. A hallway separates the spacious living room and formal dining room from the windowed kitchen. Both bedrooms enjoy excellent natural light, and the master bedroom has a double closet. See floor plan and full details here.

25-Sutton-Place-South-01 All images of Cannon Point North via Douglas Elliman
East-facing apartment in a prestigious Sutton Place cooperative is flooded with natural light and views of the East River. Interiors feature a large living room with bay window, corner dining room, open renovated kitchen, and pair of bedrooms with en suite baths. Residential amenities include 24-hour doorman and concierge service, laundry room, gym, and landscaped terrace overlooking the East River. See floor plan and full details here.

303-East-57th-Street-01 All images of The Excelsior via Halstead
From its huge soundproof windows and southern Terrace, one can see south past the World Trade Center and the tip of the city, east over the East River, and northwest over the park and the George Washington Bridge from this apartment. The large white Kitchen complete with superior grade appliances opens to a magnificent dining room. The master bedroom has his-and-her baths, fabulous views and endless closets. See floor plan and full details here.

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