From March 24-30, 2026, over 200 condos, co-ops, condops, and townhouses in core New York City areas experienced price reductions. These included a number of penthouses and luxury listings; however, the multi-million-dollar price cuts are not necessarily a sign of distress, but rather of high-end sellers trying to stay competitive with newer product.
These included three listings at Billionaires' Row supertall 432 Park Avenue, which was the tallest residential building in the world and in a luxurious class by itself when it opened in 2016. But in the years that followed, newer buildings with more expansive views, more sumptuous interiors, and better thought amenities would rise to steal its thunder. (The same can be said of Trump-branded condominiums, where four listings also experienced price reductions last week.)
In this article:
-11.3% | -$3,000,000
432 Park Avenue, #66A
$23,500,000
Midtown East | Condominium | 4 Bedrooms, 3.5 Baths | 4,019 ft2
432 Park Avenue, #66A (Corcoran Group)
432 Park Avenue's newest competition is 262 Fifth Avenue, NoMad's tallest residential tower that has recently begun sales. Some New Yorkers are disappointed in how the skinny skyscraper developed by Five Points Development and designed by Meganom has blocked views of the Empire State Building as far as Lower Manhattan, but its 52-story, 860-foot height makes for spectacular open views of the Manhattan skyline for the 26 simplex and duplex residences inside. Apartments feature column-free interiors with luxurious finishes; and amenities will include a rooftop terrace with views to rival those on the nearby Empire State Building's observation deck.
Last week's price cuts included Residence #12B at The Clarendon, which was once part of publishing magnate William Randolph Hearst's penthouse at the top of the building. In 1908, shortly after the 12-story building was completed, Mr. Hearst persuaded developer Ranald MacDonald to combine the top three floors into one massive apartment to accommodate his extensive collection of art and antiquities. But in 1938, in the wake of the Great Depression, the Mutual Life Insurance Company foreclosed on The Clarendon and proceeded to gut the building from top to bottom into smaller apartments. Most recently, Residence #12B was listed for $7.1 million in February 2026, and a price reduction brings it down to $6.495 million.
-8.5% | -$605,000
The Clarendon, #12B
$6,495,000
Riverside Dr./West End Ave. | Cooperative | 4 Bedrooms, 4 Baths
The Clarendon, #12B (Compass)
Another notable reduction took place on Residence #10S at the Richard Meier-designed 176 Perry Street, the West Village home of Tony Award-winning actor/singer Hugh Jackman and his ex-wife, Deborra-Lee Furness. The couple first listed it for $38.9 million in June 2022, while they were still together, and bought a penthouse at the Jean Nouvel-designed 100 Eleventh Avenue a few months later. They sold the Chelsea penthouse in June 2025 amidst their divorce proceedings, and the West Village apartment is now back on the market for $28.75 million, which the New York Post describes as a more realistic read of the market for trophy units like this one.
The triplex features interiors by Mr. Meier, a living room with double-height ceilings, a full-floor primary suite with a home gym and private sauna, and private terraces on every floor. Public records show that the couple bought it for $21 million in November 2008.
-26.1% | -$10,150,000
176 Perry Street, #10S
$28,750,000
West Village | Condominium | 5 Bedrooms, 5.5 Baths | 11,000 ft2
176 Perry Street, #10S (Corcoran Group)
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.
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Recently Reduced Listings
-10.0% | -$1,500,000
115 West Broadway, #4
$13,500,000
Tribeca | Condop | 4 Bedrooms, 3.5 Baths | 5,000 ft2
115 West Broadway, #4 (Corcoran Group)
-11.9% | -$1,600,000
Hampton House, #11/12
$11,900,000
Park/Fifth Ave. to 79th St. | Condominium | 6+ Bedrooms, 6+ Baths | 5,117 ft2
Hampton House, #11/12 (Brown Harris Stevens Residential Sales LLC)
-10.4% | -$1,035,000
1050 Fifth Avenue, #PHB
$8,950,000
Carnegie Hill | Cooperative | 2 Bedrooms, 2.5 Baths
1050 Fifth Avenue, #PHB (Sothebys International Realty)
-4.1% | -$351,550
Greenwich West, #PH-C
$8,285,000
SoHo | Condominium | 2 Bedrooms, 2.5 Baths | 2,005 ft2
Greenwich West, #PH-C (ALIGNMENT RE LLC)
-15.9% | -$1,100,000
J Condominium, #PH
$5,800,000
DUMBO | Condominium | 3 Bedrooms, 3.5 Baths | 2,936 ft2
J Condominium, #PH (Archpoint Advisory)
-24.7% | -$1,800,000
262 West 25th Street, #TH
$5,495,000
Chelsea | Townhouse | 5 Bedrooms, 3.5 Baths | 3,900 ft2
262 West 25th Street, #TH (Serhant)
-27.5% | -$1,900,000
The Cass Gilbert, #18
$5,000,000
Chelsea | Condominium | 4 Bedrooms, 3.5 Baths | 3,852 ft2
The Cass Gilbert, #18 (Corcoran Group)
-7.2% | -$355,000
Polhemus Residences, #PH1
$4,595,000
Cobble Hill | Condominium | 3 Bedrooms, 3.5 Baths | 2,281 ft2
Polhemus Residences, #PH1 (Serhant)
-9.5% | -$445,000
35 East 12th Street, #2AB
$4,250,000
Greenwich Village | Cooperative | 4 Bedrooms, 2.5 Baths | 3,594 ft2
35 East 12th Street, #2AB (Christies International Real Estate Group LLC)
-4.4% | -$145,000
Imperial House, #3FX
$3,150,000
Lenox Hill | Cooperative | 3 Bedrooms, 3 Baths
Imperial House, #3FX (Compass)
-9.1% | -$300,000
District, #PH111
$2,999,000
Financial District | Condominium | 2 Bedrooms, 2.5 Baths | 2,069 ft2
District, #PH111 (Serhant)
-4.9% | -$155,000
The Orson, #PH1
$2,995,000
Williamsburg | Condominium | 3 Bedrooms, 3 Baths | 1,580 ft2
The Orson, #PH1 (Serhant)
-12.7% | -$400,000
The Endicott, #615/616
$2,750,000
Broadway Corridor | Cooperative | 4 Bedrooms, 3 Baths
The Endicott, #615/616 (Corcoran Group)
-8.9% | -$255,000
299 West 12th Street, #7F
$2,595,000
West Village | Condominium | 1 Bedroom, 1 Bath
299 West 12th Street, #7F (Sothebys International Realty)
-3.9% | -$105,000
The Cheyney, #GLE
$2,590,000
Chelsea | Condominium | 2 Bedrooms, 2.5 Baths | 1,500 ft2
The Cheyney, #GLE (Corcoran Group)
-14.0% | -$350,000
50 Clinton Street, #3C
$2,150,000
Lower East Side | Condominium | 2 Bedrooms, 2 Baths | 1,128 ft2
50 Clinton Street, #3C (Corcoran Group)
-7.0% | -$151,000
25 West 15th Street, #3
$1,999,000
Flatiron/Union Square | Cooperative | 2 Bedrooms, 2 Baths
25 West 15th Street, #3 (Compass)
-7.9% | -$155,000
Trump Tower, #32H
$1,795,000
Midtown East | Condominium | 1 Bedroom, 1 Bath | 1,052 ft2
Trump Tower, #32H (Keller Williams NYC)
-11.1% | -$200,000
Stella Tower, #12K
$1,595,000
Midtown West | Condominium | 1 Bedroom, 1.5 Baths | 1,235 ft2
Stella Tower, #12K (Douglas Elliman Real Estate)
-17.9% | -$304,000
St. James Tower, #6D
$1,395,000
Beekman/Sutton Place | Condominium | 2 Bedrooms, 2.5 Baths | 1,377 ft2
St. James Tower, #6D (Compass)
-15.4% | -$185,000
30 Fifth Avenue, #3B
$1,015,000
Greenwich Village | Cooperative | 1 Bedroom, 1 Bath
30 Fifth Avenue, #3B (Corcoran Group)
-12.3% | -$135,000
Sheffield 57, #39U
$960,000
Midtown West | Condominium | Studio, 1 Bath | 585 ft2
Sheffield 57, #39U (Manhattan Miami Real Estate LLC)
Astor Court, #PH8 (Compass)
-20.0% | -$200,000
The Sandstone, #1
$799,000
Harlem | Condominium | 1 Bedroom, 1 Bath | 804 ft2
The Sandstone, #1 (Compass)
-15.8% | -$130,000
One Beekman, #705
$695,000
Beekman/Sutton Place | Cooperative | 1 Bedroom, 1 Bath | 950 ft2
One Beekman, #705 (Brown Harris Stevens Residential Sales LLC)
-15.6% | -$125,000
Park Gramercy, #5E
$675,000
Gramercy Park | Cooperative | Studio, 1 Bath
Park Gramercy, #5E (Compass)
-7.7% | -$50,000
116 West 76th Street, #5R
$600,000
Broadway Corridor | Cooperative | 1 Bedroom, 1 Bath
116 West 76th Street, #5R (Corcoran Group)
-13.0% | -$75,001
The Sussex, #10D
$500,000
Broadway Corridor | Cooperative | 1 Bedroom, 1 Bath
The Sussex, #10D (Corcoran Group)
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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