Urban Glass House, #PH (Compass)
At the height of the pandemic-induced lockdown, private outdoor space shot to the top of many buyers’ wish list and remains a highly coveted feature. Last week’s top contract was for a penthouse with a wraparound private terrace, and three of last week’s top five sales were condos and co-ops with private terraces.
However, some sellers are coming to discover that a private balcony, terrace, or garden isn’t the magic touch that’s going to instantly move their home. While some private balconies look out on panoramic views of a river or the Manhattan skyline, others face decidedly less impressive vistas. Regardless of the view, if the outdoor space is attached to an apartment that needs a lot of work or is in a less popular neighborhood, that might not be enough to sway buyers.
Private gardens are a popular feature among maisonette units, but these apartments experience less light, more street noise, and less than spectacular views by default. Finally, while there’s no question that private balconies or gardens will be used and enjoyed on sunny, temperate days, they may not be as useful in the middle of cold fronts like New York is currently experiencing.
Private gardens are a popular feature among maisonette units, but these apartments experience less light, more street noise, and less than spectacular views by default. Finally, while there’s no question that private balconies or gardens will be used and enjoyed on sunny, temperate days, they may not be as useful in the middle of cold fronts like New York is currently experiencing.
In this article:
Against this backdrop, a total of 192 sales listings experienced price reductions from January 10-16, 2024. A selection of notable listings, several of which feature private outdoor space, may be seen below, as well as a full list of last week's price cuts. Please be advised that all quoted figures reflect cumulative price cuts as opposed to the most recent reductions.
119 Waverly Place, #3/4 (Compass)
From the Listing: This magnificent duplex in a gorgeous 23-foot-wide townhouse in the heart of Greenwich Village resides on Waverly Place just off Washington Square Park. It is a sprawling 4-bedroom floor-thru (approximately 88 feet long) with two massive living rooms, a formal dining room, and a custom wooded den. Features include ceilings approximately 10 feet high, central air, custom baths with artistic tile from Anne Saks, two laundry rooms, hardwood or marble floors, and, to top it off, this home boasts an incredible private plantable roof deck with open views! See floor plan and full details here.
Olympic Tower, #24E (The Corcoran Group)
From the Listing: Coveted corner unit in Olympic Tower enjoys spectacular views, southern and eastern exposures, floor-to-ceiling windows, and ample closet space throughout. Additional perks include individual room-controlled HVAC, electronic shades, and in-unit washer/dryer. Saks Fifth Avenue, Rockefeller Center, Central Park, and Broadway are a short walk away. See floor plan and full details here.
895 Park Avenue, #1B (Compass)
From the Listing: Located within a classic pre-war building on Park Avenue, this spacious unit currently serves as a doctor’s office and is ready for a transformation that caters to various possibilities. The spacious layout could be easily reconfigured to create a stunning one-bedroom abode with an open-concept living and dining area, a fully-equipped kitchen, a luxurious primary bedroom, and a well-appointed bathroom. High ceilings and ample square footage offer limitless design potential. See floor plan and full details here.
The Rio, #37FL (The Corcoran Group)
From the Listing: This unique and glamorous full-floor is approximately 4,000 square feet and has 360-degree panoramic views of the East River, Central Park, and the quintessential Manhattan skyline. Throughout, there are exotic woods, granite floors, floor-to-ceiling windows and marble baths. What makes this apartment so special are the high-end details: built-in audio-visual equipment, custom-designed moldings, specially outfitted closets and a curved kitchen with a chef’s Viking stove and Sub-Zero refrigerator. See floor plan and full details here.
Urban Glass House, #PH (Compass)
From the Listing: Introducing the Penthouse at 330 Spring Street, a full-floor five-bedroom home with interiors by Annabelle Selldorf and two terraces totaling almost 1,600 square feet wrapping three sides of this grand home on Soho’s coveted waterfront. With 11.5’ ceilings, a private landing with an additional service entrance, and an unbeatable flow separating the private and public spaces, this is a grand home as well suited for entertaining as it is for the easy comforts of daily life. See floor plan and full details here.
Fitzroy Townhouses, #A (Douglas Elliman)
From the Listing: In the heart of Chelsea, set inside one of the famed 19th-century Fitzroy Townhouses, this meticulously renovated 3-bedroom, 2.5-bath home will take your breath away. The living room, which features double-height ceilings and a wood-burning fireplace, opens up to the dual-level backyard. The open chef’s kitchen is outfitted with a 6-burner, dual-oven Wolf stove, Sub-Zero fridge, Caesarstone countertops, trash compactor, garbage disposal, and a deep farm sink. In addition, the house has all new electrical and plumbing, wired for high-speed internet / Flush mount hi-efficiency dimmable LED lighting, and new LG Art Cool HVAC units. See floor plan and full details here.
York River House, #PHB6 (Casa Blanca Real Estate)
From the Listing: This top-floor residence offers breathtaking views of the East River and features a desirable terrace, perfect for enjoying the city’s skyline. Upon entering, you’ll be greeted by an abundance of natural light that fills the spacious living areas of this over 2,000-square-foot apartment. Owner says must sell! See floor plan and full details here.
Cipriani Club Residences, #930 (Daniel Gale Sotheby's International Realty)
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From the Listing: With a spacious 1,802 square feet of interior space, the apartment is further enhanced by a 298-square-foot terrace that provides a delightful outdoor oasis. Throughout the apartment, you’ll find generous closet space, ample natural light streaming in through large windows, and elegant hardwood floors. This residence is part of a white-glove service building, offering a plethora of amenities as well as housekeeping service for an additional fee. See floor plan and full details here.
The Galleria, #21CD (Douglas Elliman)
From the Listing: Perched on the 21st floor within the distinguished Galleria Condominium, this sun-splashed 21st floor home with open city views boasts an ideal layout for living and entertaining. The renovated chef’s kitchen features an abundance of counter and storage space, along with stainless steel appliances, granite counters and maple wood cabinetry and sizeable pantry area. Can be combined with apartment 25E for a 2,532-square-foot home. See floor plan and full details here.
Cannon Point South, #19C (Douglas Elliman)
From the Listing: Perched up high on the 19th floor, this special home enjoys views from three main rooms. Entertaining is seamless in the inviting living room with adjacent dining area. The renovated kitchen enjoys custom cabinetry and ample counterspace to prepare delicious meals. A welcoming entry, the option to install a washer/dryer, gleaming custom floors throughout, and thoughtfully designed built-ins throughout complete this residence. See floor plan and full details here.
1400 on Fifth, #THE2 (Douglas Elliman)
From the Listing: This luxurious three-bedroom corner home with the option for a fourth bedroom features 3.5 baths and a rooftop terrace, and south, west, and north open exposures. The open layout is perfect for entertaining, boasting large windows on three sides, including two bay windows that flood the space with natural light, a cozy gas fireplace, and a modern, spacious kitchen with a dining area adorned with granite countertops and stainless-steel appliances. On the second level, you will find three bedrooms, including the enormous primary bedroom with a quiet garden view, two skylights, custom closets, and a sumptuous ensuite bathroom. Deeded parking included. Tax abatement expires in 2031. See floor plan and full details here.
812 Fifth Avenue, #MAISONSOUT (The Corcoran Group)
From the Listing: 812 Fifth Avenue is an exceptional duplex maisonette offering the luxury of a Fifth Avenue cooperative combined with the indoor and outdoor space of a townhouse. Enter through the building’s lobby into the home’s grand gallery featuring parquet de Versailles floors. Entertain in the elegant formal living room with glass doors that open to the planted garden, or enjoy the second living room featuring travertine floors and walls of glass. The dramatic curved staircase ascends to the second floor - also accessible by elevator. See floor plan and full details here.
176 East 75th Street, #TH (Sotheby's International Realty)
From the Listing: Initially conceived as part of a complex of “automobile stables” that occupies 168-176 East 75th Street, this house and its neighbors were designed by Hill and Stout in 1902. Eighteen feet in width, with 5,300 interior square feet and a divinely large 1,700 square foot garden just outside, the house imparts a marvelous luxury of space and is gloriously light-filled. All systems, such as multiple-zone central air conditioning, security, lighting, and Crestron, have been perfectly maintained and updated. See floor plan and full details here.
The Gramercy, #1BR (Compass)
From the Listing: This one bedroom, one bath apartment has a grand living room with 13’ ceilings and original 1883 moldings - a perfect space for elegant entertaining. There is an original fireplace with original hearth tiles (now decorative) and three 7’ windows with shutters. The large open kitchen, that can accommodate a dining table and banquette, is awaiting the design of your dream kitchen. Key to Gramercy Park included! See floor plan and full details here.
339 East 58th Street, #10AB (Douglas Elliman)
From the Listing: Details of this apartment include original prewar charm, hardwood floors, and abundant closet space. A proper entry foyer welcomes you, and adjacent is a separate kitchen with a large window facing west. The spacious living room and dining area are perfect for those who like to entertain. No board approval required. See floor plan and full details here.
640 Park Avenue, #3RDFLOOR (Sotheby's International Realty)
From the Listing: Accessed via a private elevator landing, the immense and extraordinarily gracious Colefax Fowler-designed apartment is a true delight. The elegant twenty-five-foot gallery with wood-burning fireplace leads to an impressive suite of entertaining rooms which span sixty-five feet along Park Avenue. Included is a beautifully proportioned corner living room, an enormous dining room, and a handsome wood-paneled library. The private quarters are comprised of a south-facing bedroom wing that is accessed by a gigantic long hallway that measures an extraordinary seven feet across. 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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