Price Cuts: Baccarat Residences duplex gets 18% haircut; 432 Park simplex trimmed by $3M

Baccarat Hotel & Residences, #18A (Corcoran Group) | https://cityrealty.com/n/I2743765

Friday, Jan 2, 2026 By CityRealty Staff, CityRealty contributor

On January 1, 2026, Zohran Mamdani was sworn in as the 111th (or possibly 112th) Mayor of New York City. Housing was a key component of his campaign platform, and he signed three executive orders related to housing on his first day in office. One was to revamp the Mayor's Office to Protect Tenants, a central coordinating body to defend tenants' rights, and named longtime housing activist Cea Weaver as its director.

He also created two new task forces to streamline housing construction--the Land Inventory Fast Track (LIFT), which will review city-owned properties and identify suitable sites for housing development by July 1, 2026, and Streamlining Procedures to Expedite Equitable Development (SPEED), which will focus on identifying and removing bureaucratic and permitting barriers to housing development. It must be noted that these will mostly be geared toward rental development.

On the sales front, fewer than 100 condo, co-op, condop, and townhouse listings in core New York City areas experienced price reductions from December 16-29, 2025. This took place at the height of the holiday season, a time when it isn't uncommon for buyers to take their listings off the market or avoid calling attention to their listings during a busy time of year.

A selection of notable listings, as well as a full chart of the past two weeks' 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

-5.5% | -$3,000,000

432 Park Avenue, #69
$52,000,000

Midtown East | Condominium | 5 Bedrooms, 6+ Baths | 8,040 ft²

432 Park Avenue, #69 (Serhant)

From the Listing: Introducing Residence 69, spanning the entire 69th floor of the iconic 432 Park Avenue. Covering over 8,000 square feet of well-designed space, this full-floor home offers a blend of size and light. Featuring 360-degree views of the city's skyline-from Central Park's green spaces to the East River, Hudson River, all the boroughs and beyond. Enter either east or west quarters via a private landing, creating a welcoming estate-like feel. The core of the home includes two large living and dining rooms, filled with light from the 24 10-foot-by-10-foot windows offering clear views all around. See floor plan and full details here.

-18.4% | -$2,250,000

Baccarat Hotel & Residences, #18A
$10,000,000

Midtown West | Condominium | 3 Bedrooms, 3.5 Baths | 3,005 ft²

Baccarat Hotel & Residences, #18A (Corcoran Group)

From the Listing: Presenting Residence 18A at The Baccarat Residences, a masterfully designed three-bedroom, three-and-a-half-bathroom duplex home showcasing the refined brilliance of acclaimed interior designer Tony Ingrao. This triple-mint residence features dramatic 22-foot double-height ceilings and expansive floor-to-ceiling windows with oversized glass panels, flooding the space with natural light and framing sweeping open city views to the north, south, and east. A private 969-square-foot terrace offers seamless indoor-outdoor living and sets the stage for elegant entertaining. See floor plan and full details here.

-6.3% | -$400,000

50 West, #28C
$5,995,000

Financial District | Condominium | 3 Bedrooms, 3.5 Baths | 2,302 ft²

50 West, #28C (P S Burnham Inc)

From the Listing: Crafted by the renowned architect Helmut Jahn with interiors by Thomas Juul-Hansen, this iconic residence offers an unparalleled living experience with breathtaking views and cutting-edge architecture. The expansive living and dining rooms feature double-height ceilings and curved glass windows, flooding the space with natural light and showcasing spectacular southwest views of the Hudson River and the vibrant NYC skyline. See floor plan and full details here.

-9.1% | -$500,000

84 Mercer Street, #2
$5,000,000

SoHo | Cooperative | 2 Bedrooms, 3 Baths

84 Mercer Street, #2 (Douglas Elliman Real Estate)

From the Listing: This magnificent loft, situated at 519 Broadway in SoHo, embodies urban elegance. It occupies an entire private floor in the heart of Manhattan and is accessed by a private keyed elevator. With soaring 16-foot ceilings and expansive windows, it radiates a harmonious blend of industrial charm and luxurious modernity. This exquisite 4,000 sq. ft. open-floor-plan loft with over-the-top finishes was harmoniously designed by renowned architect Todd Hearts, famous for creating galleries. See floor plan and full details here.

-8.2% | -$300,000

The American Thread Building, #4C
$3,350,000

Tribeca | Condominium | 2 Bedrooms, 2.5 Baths | 1,926 ft²

The American Thread Building, #4C (Nest Seekers LLC)

From the Listing: Residence 4C presents an unparalleled opportunity to experience Tribeca living at its finest. This nearly 2,000-square-foot dream residence epitomizes ultra-chic contemporary design while seamlessly blending subtle glamour with iconic pre-war charm. Upon entering, one is immediately enveloped by an aura sophistication and warmth. See floor plan and full details here.

-13.3% | -$500,000

Riverside Towers, #PH22
$3,250,000

Riverside Dr./West End Ave. | Cooperative | 3 Bedrooms, 2.5 Baths

Riverside Towers, #PH22 (Serhant)

From the Listing: Welcome to this meticulously renovated penthouse duplex offering exceptional privacy, peace, and panoramic views. Designed in a sleek postmodern style, this extraordinary residence places your ocean-going yacht in full view from the dining room table, just steps away at the new International 79th Street Marina (year-round docking negotiable; yacht not included). Unfolding across two expansive levels, this home is pin-drop quiet, with no neighbors in sight above or around. It was once scouted for the film Miracle on the Hudson, where it was described as "ideal and spectacular." A private 10' x 8' storage unit with 11' ceilings transfers with the unit. See floor plan and full details here.

-7.2% | -$250,000

Olympic Tower, #26A
$3,200,000

Midtown East | Condominium | 2 Bedrooms, 2.5 Baths | 1,791 ft²

Olympic Tower, #26A (Douglas Elliman Real Estate)

From the Listing: Welcome to Residence 26A at the iconic Olympic Tower, a sophisticated two-bedroom, two-and-a-half bath home offering 1,791 square feet of sleek one-level living high above Fifth Avenue. Perched on the 26th floor, this residence showcases sweeping north and west views, framing Central Park and the Manhattan skyline through floor-to-ceiling windows that flood the interiors with natural light all year round. A gracious entry leads to a formal dining area and an oversized living room-perfect for both elegant entertaining and everyday comfort. See floor plan and full details here.

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-10.5% | -$305,000

Trump Parc East, #6A
$2,590,000

Midtown West | Condominium | 2 Bedrooms, 1.5 Baths | 967 ft²

Trump Parc East, #6A (Douglas Elliman Real Estate)

From the Listing: Oversized picture windows frame postcard-perfect views of Central Park from every room in this elegantly renovated home. A thoughtful, contemporary design pairs effortlessly with the charm and craftsmanship of a classic prewar condominium-offering timeless character without compromising on modern comfort. Enjoy the warmth and ambiance of a wood-burning fireplace, soaring ceilings, and beautifully preserved architectural details. See floor plan and full details here.

-4.2% | -$105,000

Atrium at Chelsea, #2B
$2,390,000

Chelsea | Condominium | 2 Bedrooms, 2 Baths

Atrium at Chelsea, #2B (The Agency Brokerage)

From the Listing: From closing to living on day one: every detail is already in place, from furnishings to kitchenware, allowing you to move in seamlessly and immediately start experiencing Chelsea's best lifestyle. The home is anchored by massive east- and west-facing private terraces-a true rarity in the city. Wake up to coffee in your sunlit back garden, then unwind with evening sunsets. Inside, the thoughtful layout separates entertaining areas from private quarters. See floor plan and full details here.

-8% | -$200,000

Hudson View East, #PH2B
$2,300,000

Battery Park City | Condominium | 2 Bedrooms, 2.5 Baths | 1,178 ft²

Hudson View East, #PH2B (Corcoran Group)

From the Listing: Welcome to PH2B, the crown jewel of Downtown/ Battery Park City. Walk off the elevator on to a semi private renovated hallway into your perfect split ensuite 2-bed, 2.5-bath bathed in bright sun light. Relax in front of your own fireplace and have a sumptuous meal surrounded by oversized windows watching the sunrise or sunset. Saunter over to 1 of the 2 outdoor spaces, lounge, lay or watch the world pass by on the Hudson River. See floor plan and full details here.

-4.3% | -$100,000

52 East End Avenue, #23A
$2,250,000

Yorkville | Condominium | 2 Bedrooms, 2.5 Baths | 1,460 ft²

52 East End Avenue, #23A (Corcoran Group)

From the Listing: Apartment 23A, spanning 1,460 square feet as per the offering plan (inclusive of the terrace), has been meticulously renovated to reflect contemporary design and functionality. The expansive living and dining room is bathed in natural light from oversized windows and opens seamlessly to a private balcony, offering panoramic river and city views. With ample room to entertain, the dining area easily accommodates six to eight guests. See floor plan and full details here.

-2.6% | -$50,000

The Visionaire, #22G
$1,900,000

Battery Park City | Condominium | 2 Bedrooms, 2 Baths | 1,356 ft²

The Visionaire, #22G (Keller Williams NYC)

From the Listing: Welcome to Residence 22G, a two-bedroom, two-bathroom condominium at The Visionaire, one of Manhattan’s premier Platinum LEED-certified luxury buildings. This 1,356-square-foot home offers an elegant layout with floor-to-ceiling windows showcasing sweeping views of the Hudson River, the World Trade Center, the Financial District, and Jersey City. The residence features double-pane windows with an additional interior window layer, providing four layers of sound protection that ensure remarkable peace and quiet while maintaining panoramic city and water views. See floor plan and full details here.

-2.8% | -$50,000

Tempo, #7A
$1,749,000

Gramercy Park | Condominium | 2 Bedrooms, 2 Baths | 1,205 ft²

Tempo, #7A (Compass)

From the Listing: This turn-key two-bedroom, two-bathroom home offers a perfect combination of thoughtful design and luxury finishes, ready for you to move in. Dark wide-plank oak floors and soaring ceilings create a refined, open atmosphere throughout. Natural light fills the space, making it ideal for both everyday living and entertaining. Priced to sell! See floor plan and full details here.

-33.3% | -$700,000

Cipriani Club Residences, #520
$1,400,000

Financial District | Condominium | 3 Bedrooms, 3.5 Baths | 2,038 ft²

Cipriani Club Residences, #520 (Corcoran Group)

From the Listing: 55 Wall Street, Residence 520 is a rare offering: a three-bedroom, three-ensuite home with an additional powder room, located on one of the world's most renowned streets, steeped in history, within a coveted condominium that embodies the iconic Classical Beaux-Arts architectural style. This home has one of the nicest three bedroom layout the market for sale, elegantly proportioned spanning over 2,000 square feet complemented by 10-foot-high ceilings throughout. Priced for an immediate sale! See floor plan and full details here.

-7.2% | -$100,000

The Royale, #1720
$1,295,000

Lenox Hill | Condominium | 1 Bedroom, 2 Baths | 920 ft²

The Royale, #1720 (Peter Ashe)

From the Listing: Experience sophisticated city living in this elegant one-bedroom, two-bathroom residence at The Royale, one of Manhattan’s premier full-service condominiums. Perched on the 17th floor, this sun-flooded home features expansive floor-to-ceiling windows and a private balcony, offering sweeping city views and abundant natural light throughout the day. See floor plan and full details here.

-3.8% | -$46,000

256 Putnam Avenue, #4PH
$1,149,000

Bedford-Stuyvesant | Condominium | 2 Bedrooms, 1 Bath | 787 ft²

256 Putnam Avenue, #4PH (Serhant)

From the Listing: Welcome to the pinnacle of townhouse-style condominium living in the Penthouse at 256 Putnam Avenue-a stunning two-bedroom, one-bath residence offering unmatched privacy, refined finishes, and a huge close to 900-square-foot private rooftop oasis high above the tree-lined streets of Brooklyn. Perched atop a boutique building with just four residences, this full-floor home offers the rare blend of discretion, space, and style. See floor plan and full details here.

-4.1% | -$45,000

Sheffield 57, #39U
$1,050,000

Midtown West | Condominium | Studio, 1 Bath | 585 ft²

Sheffield 57, #39U (Manhattan Miami Real Estate LLC)

From the Listing: Perched on the 39th floor of The Sheffield, this exceptional 585-square-foot U-line studio, the best line in the building, offers sweeping western views of the Hudson River and Manhattan skyline through 10' of windows. The open-concept layout showcases Nordic ash hardwood floors, a chef-caliber kitchen equipped with top-tier appliances, and custom Italian doors. Ample closet space and a spa-inspired bathroom with marble finishes complete this elegant residence. See floor plan and full details here.

-5.8% | -$61,000

Lincoln Towers, #2J
$999,000

Lincoln Center | Cooperative | 2 Bedrooms, 1 Bath

Lincoln Towers, #2J (Sothebys International Realty)

From the Listing: This beautifully maintained 2-bedroom home with white oak floors faces south onto the park from ALL rooms and balcony. You enter through a gracious foyer leading to a 30’ living/dining room. Off of the living room is a planted/decked large balcony. The renovated kitchen with stainless steel appliances and granite counters are a cook's delight. See floor plan and full details here.

-13.5% | -$155,000

Blue, #7A
$995,000

Lower East Side | Condominium | 1 Bedroom, 1 Bath | 790 ft²

Blue, #7A (Compass)

From the Listing: This sun-filled one-bedroom, one-bath residence, features stunning western views of downtown Manhattan through expansive floor-to-ceiling windows, all within a bright and airy space highlighted by soaring 10-foot ceilings that add to its elegant feel. The open floor plan offers a seamless flow between the welcoming living area and a sleek chef’s kitchen. Deeded storage unit included. See floor plan and full details here.

-22.4% | -$245,000

The Sycamore, #14B
$850,000

Gramercy Park | Condominium | 1 Bedroom, 1.5 Baths | 836 ft²

The Sycamore, #14B (Compass)

From the Listing: This sophisticated 836-square-foot home on the penultimate floor of a modern mid-rise condominium has far-reaching open views to the north and south, up and down Second Avenue, and a peek of the East River over the rooftops of the Kips Bay neighborhood. The unique layout perfectly separates the public space from the privacy of the bedroom and offers TWO private terraces, one king-sized bedroom with ensuite bath, a guest powder room, and closets, closets, closets! See floor plan and full details here.

-8.8% | -$60,000

The Kenilworth, #3C
$625,000

East Village | Cooperative | 1 Bedroom, 1 Bath

The Kenilworth, #3C (Brown Harris Stevens Residential Sales LLC)

From the Listing: Fabulous pre-war one bedroom with soaring 11' ceilings, renovated kitchen, exposed brick, and yes, a working wood-burning fireplace! Located on a picturesque tree-lined block, this unique and quiet space is in perfect move-in condition. The windowed renovated kitchen is open to the living/dining space and is outfitted with high-end stainless steel appliances. See floor plan and full details here.

-4.8% | -$30,000

150 East 49th Street, #9D
$599,000

Midtown East | Cooperative | 2 Bedrooms, 1 Bath

150 East 49th Street, #9D (Compass)

From the Listing: Welcome to 150 E 49th Street—where charm, comfort, and an unbeatable location meet. The home features beautiful hardwood floors, a smart four-room layout, and southern exposure that fills the space with natural light. The spacious living room is perfect for relaxing or entertaining. Priced to sell! See floor plan and full details here.

-4.8% | -$24,000

The Algonquin, #1A
$475,000

Windsor Terrace | Cooperative | 1 Bedroom, 1 Bath | 550 ft²

The Algonquin, #1A (Corcoran Group)

From the Listing: Welcome to the Algonquin, one of Windsor Terrace's most sought after co-op buildings! Step into this sunny, charming apartment where the oversized windows flood the space with natural light, highlighting the beautiful hardwood floors. Enjoy stunning park and water views of Prospect Park right from your living area. Elegant French doors separate the living room from the cozy bedroom. See floor plan and full details here.

-10.3% | -$43,000

241 East 76th Street, #2G
$375,000

Lenox Hill | Cooperative | 1 Bedroom, 1 Bath | 550 ft²

241 East 76th Street, #2G (Compass)

From the Listing: Flooded with natural light, this cheerful converted alcove studio to a junior one-bedroom home offers a warm and inviting atmosphere in the heart of the Upper East Side. A practical layout and a wall of windows create an open and airy feel. The updated open kitchen, updated bathroom and lots of closet space are wonderful additions to call this property your home! See floor plan and full details here.

In this article:

Recently reduced listings

-5.5% | -$3,000,000

432 Park Avenue, #69
$52,000,000

-18.4% | -$2,250,000

Baccarat Hotel & Residences, #18A
$10,000,000

-6.3% | -$400,000

50 West, #28C
$5,995,000

-9.1% | -$500,000

84 Mercer Street, #2
$5,000,000

-8.2% | -$300,000

The American Thread Building, #4C
$3,350,000

-13.3% | -$500,000

Riverside Towers, #PH22
$3,250,000

-7.2% | -$250,000

Olympic Tower, #26A
$3,200,000

Select which properties are of interest to you:

-10.5% | -$305,000

Trump Parc East, #6A
$2,590,000

-4.2% | -$105,000

Atrium at Chelsea, #2B
$2,390,000

-8% | -$200,000

Hudson View East, #PH2B
$2,300,000

-4.3% | -$100,000

52 East End Avenue, #23A
$2,250,000

-2.6% | -$50,000

The Visionaire, #22G
$1,900,000

-2.8% | -$50,000

Tempo, #7A
$1,749,000

-33.3% | -$700,000

Cipriani Club Residences, #520
$1,400,000

-7.2% | -$100,000

The Royale, #1720
$1,295,000

-3.8% | -$46,000

256 Putnam Avenue, #4PH
$1,149,000

-4.1% | -$45,000

Sheffield 57, #39U
$1,050,000

-5.8% | -$61,000

Lincoln Towers, #2J
$999,000

-13.5% | -$155,000

Blue, #7A
$995,000

-22.4% | -$245,000

The Sycamore, #14B
$850,000

-8.8% | -$60,000

The Kenilworth, #3C
$625,000

-4.8% | -$30,000

150 East 49th Street, #9D
$599,000

-4.8% | -$24,000

The Algonquin, #1A
$475,000

-10.3% | -$43,000

241 East 76th Street, #2G
$375,000

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Price Cuts: Baccarat Residences duplex gets 18% haircut; 432 Park simplex trimmed by $3M

In this article:

Recently reduced listings

-5.5% | -$3,000,000 432 Park Avenue, #69$52,000,000

-18.4% | -$2,250,000 Baccarat Hotel & Residences, #18A$10,000,000

-6.3% | -$400,000 50 West, #28C$5,995,000

-9.1% | -$500,000 84 Mercer Street, #2$5,000,000

-8.2% | -$300,000 The American Thread Building, #4C$3,350,000

-13.3% | -$500,000 Riverside Towers, #PH22$3,250,000

-7.2% | -$250,000 Olympic Tower, #26A$3,200,000

Select which properties are of interest to you:

-10.5% | -$305,000 Trump Parc East, #6A$2,590,000

-4.2% | -$105,000 Atrium at Chelsea, #2B$2,390,000

-8% | -$200,000 Hudson View East, #PH2B$2,300,000

-4.3% | -$100,000 52 East End Avenue, #23A$2,250,000

-2.6% | -$50,000 The Visionaire, #22G$1,900,000

-2.8% | -$50,000 Tempo, #7A$1,749,000

-33.3% | -$700,000 Cipriani Club Residences, #520$1,400,000

-7.2% | -$100,000 The Royale, #1720$1,295,000

-3.8% | -$46,000 256 Putnam Avenue, #4PH$1,149,000

-4.1% | -$45,000 Sheffield 57, #39U$1,050,000

-5.8% | -$61,000 Lincoln Towers, #2J$999,000

-13.5% | -$155,000 Blue, #7A$995,000

-22.4% | -$245,000 The Sycamore, #14B$850,000

-8.8% | -$60,000 The Kenilworth, #3C$625,000

-4.8% | -$30,000 150 East 49th Street, #9D$599,000

-4.8% | -$24,000 The Algonquin, #1A$475,000

-10.3% | -$43,000 241 East 76th Street, #2G$375,000

Related Listings

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Related Articles

Price Cuts: "Bachelor maiden's" former Gramercy carriage house reduced by $2M; Gold Coast duplex now 39% off

Price Cuts: Dakota spread once asking $39M drops to $12.5M; Hudson Yards penthouse gets $12M trim

Pocket doors and eat-in kitchens make a comeback as sales launch at 175 East 82nd Street

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Market Data

Market Insight

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My Account

-5.5% | -$3,000,000

432 Park Avenue, #69
$52,000,000

-18.4% | -$2,250,000

Baccarat Hotel & Residences, #18A
$10,000,000

-6.3% | -$400,000

50 West, #28C
$5,995,000

-9.1% | -$500,000

84 Mercer Street, #2
$5,000,000

-8.2% | -$300,000

The American Thread Building, #4C
$3,350,000

-13.3% | -$500,000

Riverside Towers, #PH22
$3,250,000

-7.2% | -$250,000

Olympic Tower, #26A
$3,200,000

-10.5% | -$305,000

Trump Parc East, #6A
$2,590,000

-4.2% | -$105,000

Atrium at Chelsea, #2B
$2,390,000

-8% | -$200,000

Hudson View East, #PH2B
$2,300,000

-4.3% | -$100,000

52 East End Avenue, #23A
$2,250,000

-2.6% | -$50,000

The Visionaire, #22G
$1,900,000

-2.8% | -$50,000

Tempo, #7A
$1,749,000

-33.3% | -$700,000

Cipriani Club Residences, #520
$1,400,000

-7.2% | -$100,000

The Royale, #1720
$1,295,000

-3.8% | -$46,000

256 Putnam Avenue, #4PH
$1,149,000

-4.1% | -$45,000

Sheffield 57, #39U
$1,050,000

-5.8% | -$61,000

Lincoln Towers, #2J
$999,000

-13.5% | -$155,000

Blue, #7A
$995,000

-22.4% | -$245,000

The Sycamore, #14B
$850,000

-8.8% | -$60,000

The Kenilworth, #3C
$625,000

-4.8% | -$30,000

150 East 49th Street, #9D
$599,000

-4.8% | -$24,000

The Algonquin, #1A
$475,000

-10.3% | -$43,000

241 East 76th Street, #2G
$375,000