From November 25 - December 1, 2025, fewer than 150 condos, co-ops, condops, and townhouses in core New York City areas experienced price reductions. This comes at a time when the total number of sales listings on CityRealty has dropped to around 7,800 public availabilities, as compared to over 9,000 in late October 2025. However, this should not be interpreted as a sign of alarm, but rather an indication that sellers are taking their listings off the market during the holidays to relist in the new year.
These included 34 East 62nd Street, an Upper East Side townhouse with an extensive history and well-known owners. War hero/philanthropist Vincent Astor lived in the house in 1926. Decades later, a former owner blew up the building in the middle of an acrimonious divorce in July 2006. More recently, entrepreneur/former CNBC host Marcus Lemonis and his wife, philanthropist Bobbi Lemonis bought the house in white-box condition for $18 million in October 2021 and embarked on an extensive remodel that included a chef-caliber kitchen with access to a garden with fire pit, a full-floor primary suite with fireplace, smart technology and radiant floor heating throughout, and an elevator to service all six levels. They listed it for $35 million in May 2024, and it has been on and off the market since then. The most recent price cut brings it down to $24.5 million.
In this article:
-16.9% | -$5,000,000
34 East 62nd Street, #TH
$24,500,000
Park/Fifth Ave. to 79th St. | Townhouse | 5 Bedrooms, 6+ Baths | 9,200 ft2
34 East 62nd Street, #TH (Modlin Group LLC)
Further downtown, model/actress Cara Delevingne reduced the price of her penthouse in The Gramercy to just under $10 million less than two months after listing it for $11 million. Listing broker Stefani Berkin of R New York told the New York Post that "we made a proactive, strategic adjustment to align the property with where the market currently is," but Ms. Delevingne will take a loss on it if it sells for this price, having purchased it from comedian/late night host Jimmy Fallon for $10.8 million in summer 2022.
Over Mr. Fallon's years in the building, he combined several apartments into a massive home with such quirky touches as a wood-paneled "saloon room," custom-designed staircase, secret passages, and bedrooms with newly installed skylights. Ms. Delevingne made her mark on the penthouse with bold color accents and custom wallpaper. Her next move is unknown, but the Post notes that she bought a new Beverly Hills home from actress Jennifer Lawrence earlier this fall.
-9.1% | -$1,005,000
The Gramercy, #PHB
$9,995,000
Gramercy Park | Cooperative | 6+ Bedrooms, 5 Baths
The Gramercy, #PHB (R New York)
The past week's price cuts also included a unit in One Williamsburg Wharf, home to luxury developer Naftali Group's first Brooklyn condo offering. Between its position on the Williamsburg waterfront and detailed exterior design by Foster + Partners protege Brandon Haw, all homes enjoy abundant natural light with many overlooking the East River and Manhattan skyline. In addition to an exclusive amenity package, condo owners enjoy access to the Williamsburg Wharf Resort and Recreation Club that includes a fully equipped gym, multiple indoor/outdoor lounges, and a rooftop pool that becomes an ice skating rink in winter.
One Williamsburg Wharf is nearly 65% sold since sales launched in October 2024. It is the only condo offering in the complex currently open for immediate occupancy, but construction is underway on One Williamsburg Way, a 20-story, 218-unit condominium elsewhere in Williamsburg Wharf. Naftali Group has reteamed with COOKFOX, architect of their Gramercy project The Willow, and early renderings and diagrams show a pair of towers connected by a podium and with upper-level setbacks that allow for terraces. Its location allows for spectacular waterfront views.
One Wharf Way is one of two recently approved towers for Williamsburg Wharf. Elsewhere in the complex, a housing lottery is underway for 55 rent-stabilized units inside Three Williamsburg Wharf. The Goods Mart, Breads Bakery, and Good People Group have all signed leases in the complex.
-7.9% | -$150,000
One Williamsburg Wharf, #10A
$1,750,000
Williamsburg | Condominium | 2 Bedrooms, 2 Baths | 1,155 ft2
One Williamsburg Wharf, #10A (Serhant)
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.
Recently reduced listings
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-11.1% | -$2,000,000
42 Downing Street, #TH
$16,000,000
Greenwich Village | Townhouse | 6+ Bedrooms, 6+ Baths | 9,020 ft2
42 Downing Street, #TH (Brown Harris Stevens Residential Sales LLC)
-6.3% | -$500,000
The Four Seasons Private Residences, #54A
$7,400,000
Tribeca | Condominium | 4 Bedrooms, 4.5 Baths | 2,811 ft2
The Four Seasons Private Residences, #54A (Corcoran Group)
-24.8% | -$2,050,000
51 East 75th Street, #TH
$6,200,000
Park/Fifth Ave. to 79th St. | Townhouse | 5 Bedrooms, 4.5 Baths | 5,320 ft2
51 East 75th Street, #TH (Leslie J Garfield & Co Inc)
-11.6% | -$800,000
J Condominium, #PH
$6,100,000
DUMBO | Condominium | 3 Bedrooms, 3.5 Baths | 2,936 ft2
J Condominium, #PH (Archpoint Advisory)
The Chatham, #5A (Sothebys International Realty)
-9.7% | -$500,000
101 Warren Street, #1720
$4,650,000
Tribeca | Condominium | 3 Bedrooms, 3.5 Baths | 2,366 ft2
101 Warren Street, #1720 (Corcoran Group)
-2.6% | -$95,000
39 North Moore Street, #2B
$3,500,000
Tribeca | Condominium | 2 Bedrooms, 2 Baths | 2,184 ft2
39 North Moore Street, #2B (Corcoran Group)
-14.3% | -$500,000
ONE11 Residences, #41I
$2,995,000
Midtown West | Condominium | 2 Bedrooms, 2 Baths | 1,366 ft2
ONE11 Residences, #41I (Douglas Elliman Real Estate)
-15.7% | -$550,000
845 West End Avenue, #15B
$2,950,000
Riverside Dr./West End Ave. | Condominium | 3 Bedrooms, 3 Baths | 1,942 ft2
845 West End Avenue, #15B (Douglas Elliman Real Estate)
-5.8% | -$165,000
2505 Broadway, #14C
$2,685,000
Broadway Corridor | Condominium | 2 Bedrooms, 2.5 Baths | 1,294 ft2
2505 Broadway, #14C (The Agency Brokerage)
-9.6% | -$225,000
Hudson Hill Condominium, #1A
$2,125,000
Midtown West | Condominium | 3 Bedrooms, 2.5 Baths | 1,635 ft2
Hudson Hill Condominium, #1A (Corcoran Group)
-7.2% | -$155,000
34 West 74th Street, #5C
$1,995,000
Central Park West | Cooperative | 2 Bedrooms, 2 Baths
34 West 74th Street, #5C (Corcoran Group)
-2.8% | -$45,000
10 Plaza Street, #16C
$1,550,000
Prospect Heights | Cooperative | 2 Bedrooms, 2 Baths
10 Plaza Street, #16C (Compass)
-6.6% | -$105,000
165 East 72nd Street, #11C
$1,495,000
Lenox Hill | Cooperative | 2 Bedrooms, 2 Baths
165 East 72nd Street, #11C (Coldwell Banker Warburg)
-12.4% | -$196,000
Morningside Manor, #3
$1,379,000
Harlem | Condominium | 3 Bedrooms, 2.5 Baths | 1,475 ft2
Morningside Manor, #3 (Douglas Elliman Real Estate)
-9.3% | -$120,000
212 East 70th Street, #4B
$1,175,000
Lenox Hill | Condominium | 1 Bedroom, 2 Baths | 813 ft2
212 East 70th Street, #4B (Coldwell Banker Warburg)
-10.1% | -$100,000
Loft 55, #2D
$895,000
Midtown West | Condop | 2 Bedrooms, 2 Baths | 1,186 ft2
Loft 55, #2D (Douglas Elliman Real Estate)
The Gramercy House, #4L (Sothebys International Realty)
-7.7% | -$65,000
204 West 92nd Street, #2F
$775,000
Broadway Corridor | Cooperative | 1 Bedroom, 1 Bath | 700 ft2
204 West 92nd Street, #2F (Berkshire Hathaway HomeServices New York Properties)
269 Clinton Avenue, #A2 (Compass)
-21.2% | -$175,000
60 Sutton Place South, #7FS
$650,000
Beekman/Sutton Place | Cooperative | 1 Bedroom, 1 Bath | 800 ft2
60 Sutton Place South, #7FS (Brown Harris Stevens Residential Sales LLC)
333 East 53rd Street, #10C (The Agency Brokerage)
-7.8% | -$50,000
207 West 21st Street, #5
$595,000
Chelsea | Cooperative | Studio, 1 Bath
207 West 21st Street, #5 (Hauseit LLC)
-8.2% | -$51,000
Prospect Tower, #1410
$569,000
Turtle Bay/United Nations | Cooperative | 1 Bedroom, 1 Bath
Prospect Tower, #1410 (Douglas Elliman Real Estate)
-11.5% | -$65,100
10 Park Avenue, #10R
$499,900
Murray Hill | Cooperative | Studio, 1 Bath
10 Park Avenue, #10R (Sothebys International Realty)
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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