From May 26 - June 1, 2026, nearly 400 condos, co-ops, condops, and townhouses in core New York City areas experienced price reductions.
Condos accounted for approximately 53 percent of this week's price reductions, with several new developments in the mix, while co-ops made up about 42 percent. This took place at a time when CityRealty sales data shows co-op prices on the rise, reaching record highs in Q2 2026. It also comes as a listing in a prestigious cooperative with grand proportions and original details had Manhattan's top apartment sale of the week. Some of today's designers incorporate prewar-inspired details into their architecture and interiors, but buyers may be seeing more value in true prewar buildings.
In this article:
Price reductions on Fifth Avenue
As May 2026 gave way to June, several price cuts took place on Fifth Avenue. The avenue is home to such New York City icons as the Flatiron Building, the Empire State Building, the Stephen A. Schwarzman Building (the flagship New York Public Library branch), St. Patrick’s Cathedral, the Metropolitan Museum of Art, and the Solomon R. Guggenheim Museum, not to mention several designer retail flagships. On Sunday, June 28, the NYC Pride March will begin on Fifth Avenue near 26th Street and travel south before dispersing at West 15th Street and Seventh Avenue.
While upper Fifth Avenue is home to several grand prewar cooperatives, it has been a time of change for Fifth Avenue south of 57th Street. The Flatiron Building has been converted to condominiums with occupancy expected to begin in fall 2026, and new developments 520 Fifth Avenue and Sixteen Fifth Avenue are open for immediate occupancy. Additionally, plans are in the works to make the avenue itself more pedestrian-friendly between 40th and 59th Streets. Two bus lanes have recently been added, and the plans call for doubling the width of the sidewalks and planting more than 200 trees.
-11.6% | -$1,100,000
212 Fifth Avenue, #16B
$8,395,000
Flatiron/Union Square | Condominium | 3 Bedrooms, 3.5 Baths | 3,078 ft2
212 Fifth Avenue, #16B (Coldwell Banker Warburg)
Three-bed in former convent drops below $2M
Another notable reduction took place at 463 West 142nd Street, the condo conversion of a 1912 convent built for Our Lady of Lourdes church in Hamilton Heights. Original elements of the neo-Gothic building were preserved during the conversion, and that is evident in the three-bedroom Residence #2B. It is the only residence in the building with fully preserved cove ceilings, and oversized arched windows fill the interiors with natural light. Sellers Katharine and Joe Losavio told 6sqft, "We were drawn in by the Neo-Gothic arch, expansive space, and dramatic cathedral ceilings."
"We always knew that the space deserved all the drama possible, so we leaned into the maximalism while also keeping some elements simple" - Katharine Losavio on 463 West 142nd Street, #2B
In addition to original architectural details, the apartment features a modern kitchen, a spiral staircase leading to a mezzanine that can be a bedroom or home office, and a small private balcony. The Losavios painted the main living area in dramatic jewel tones; meanwhile, they styled a bedroom with views of historic architecture with vintage furnishings and candles. They listed the apartment for $2.075 million in April 2026 and adjusted the price to just below $2 million. Public records show that they would make a small profit if it goes for this price, having bought it for $1.839 million in December 2024.
-3.6% | -$75,001
463 West 142nd Street, #2B
$1,999,999
Hamilton Heights | Condominium | 3 Bedrooms, 3 Baths | 1,645 ft2
463 West 142nd Street, #2B (Brown Harris Stevens Residential Sales LLC)
A selection of notable listings 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
-16.7% | -$5,000,000
960 Fifth Avenue, #4A
$25,000,000
Park/Fifth Ave. to 79th St. | Cooperative | 5 Bedrooms, 5.5 Baths | 6,300 ft2
960 Fifth Avenue, #4A (Compass)
-3.8% | -$495,000
75 Columbia Heights, #TH
$12,500,000
Brooklyn Heights | Townhouse | 6+ Bedrooms, 5 Baths | 6,416 ft2
75 Columbia Heights, #TH (Compass)
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-3.3% | -$400,000
Central Park Tower, #36C
$11,900,000
Midtown West | Condominium | 3 Bedrooms, 3.5 Baths | 2,478 ft2
Central Park Tower, #36C (Corcoran Group)
-6.9% | -$850,000
The Schumacher, #5A
$11,500,000
NoHo | Condominium | 4 Bedrooms, 4.5 Baths | 3,280 ft2
The Schumacher, #5A (Corcoran Group)
-28.0% | -$3,500,000
Laureate, #PH2B
$9,000,000
Broadway Corridor | Condominium | 4 Bedrooms, 3.5 Baths | 3,017 ft2
Laureate, #PH2B (Ostrov Realty Group Limited)
-11.0% | -$1,095,000
The Galleria, #49D/51D
$8,900,000
Midtown East | Condominium | 6+ Bedrooms, 4.5 Baths | 4,200 ft2
The Galleria, #49D/51D (Serhant)
-6.3% | -$500,000
38 3rd Place, #TH
$7,495,000
Carroll Gardens | Townhouse | 5 Bedrooms, 3.5 Baths | 4,200 ft2
38 3rd Place, #TH (Corcoran Group)
-3.6% | -$250,000
56 Crosby Street, #3A
$6,600,000
SoHo | Condominium | 2 Bedrooms, 2.5 Baths | 3,614 ft2
56 Crosby Street, #3A (Corcoran Group)
-14.2% | -$1,100,000
One United Nations Park, #PHD
$6,650,000
Murray Hill | Condominium | 4 Bedrooms, 4.5 Baths | 3,831 ft2
One United Nations Park, #PHD (Corcoran Sunshine Marketing Group)
-5.0% | -$300,000
One High Line, #W5C
$5,695,000
Chelsea | Condominium | 2 Bedrooms, 2.5 Baths | 2,054 ft2
One High Line, #W5C (Corcoran Group)
-5.1% | -$300,000
35 Hudson Yards, #8503
$5,575,000
Midtown West | Condominium | 3 Bedrooms, 3.5 Baths | 2,581 ft2
35 Hudson Yards, #8503 (Compass)
-16.7% | -$1,000,000
17 West 17th Street, #6
$4,995,000
Flatiron/Union Square | Cooperative | 4 Bedrooms, 4.5 Baths | 4,700 ft2
17 West 17th Street, #6 (Douglas Elliman Real Estate)
-5.3% | -$250,000
378 Broome Street, #2
$4,500,000
NoLiTa/Little Italy | Condominium | 3 Bedrooms, Unknown Baths | 2,180 ft2
378 Broome Street, #2 (Sothebys International Realty)
-4.8% | -$201,000
The Rockwell, #PHB
$3,999,000
Broadway Corridor | Condominium | 3 Bedrooms, 3.5 Baths | 1,796 ft2
The Rockwell, #PHB (Corcoran Group)
-11.2% | -$505,000
40 Bleecker Street, #6C
$3,995,000
NoHo | Condominium | 2 Bedrooms, 2 Baths | 1,093 ft2
40 Bleecker Street, #6C (Sothebys International Realty)
-4.3% | -$165,000
30 Fifth Avenue, #2CD
$3,695,000
Greenwich Village | Cooperative | 3 Bedrooms, 2.5 Baths | 1,800 ft2
30 Fifth Avenue, #2CD (Christies International Real Estate Group LLC)
-4.7% | -$140,000
Grand Madison, #11A
$2,850,000
Flatiron/Union Square | Condominium | 1 Bedroom, 2 Baths | 1,613 ft2
Grand Madison, #11A (Compass)
-7.0% | -$200,000
Olympic Tower, #45G
$2,650,000
Midtown East | Condominium | 2 Bedrooms, 2 Baths | 1,521 ft2
Olympic Tower, #45G (Douglas Elliman Real Estate)
-13.6% | -$400,000
731 Putnam Avenue, #TH
$2,550,000
Bedford-Stuyvesant | Townhouse | 6+ Bedrooms, 4.5 Baths | 4,750 ft2
731 Putnam Avenue, #TH (Compass)
-8.7% | -$200,000
222 Riverside Drive, #3A
$2,100,000
Riverside Dr./West End Ave. | Condominium | 3 Bedrooms, 2.5 Baths | 1,715 ft2
222 Riverside Drive, #3A (Serhant)
-11.3% | -$255,000
1 Worth Street, #6R
$1,995,000
Tribeca | Cooperative | 2 Bedrooms, 2.5 Baths
1 Worth Street, #6R (Brown Harris Stevens Residential Sales LLC)
-10.1% | -$201,000
Kirkman Lofts, #4G
$1,799,000
DUMBO | Condominium | 2 Bedrooms, 2 Baths | 1,275 ft2
Kirkman Lofts, #4G (Compass)
-7.9% | -$145,000
205 East 59th Street, #20B
$1,700,000
Lenox Hill | Condominium | 2 Bedrooms, 2 Baths | 1,113 ft2
205 East 59th Street, #20B (Sothebys International Realty)
-11.1% | -$200,000
524 Halsey Street, #105
$1,595,000
Bedford-Stuyvesant | Condominium | 2 Bedrooms, 4 Baths | 2,112 ft2
524 Halsey Street, #105 (Compass)
-13.8% | -$255,000
The Hendrik Hudson, #2-CD
$1,595,000
Morningside Heights | Cooperative | 3 Bedrooms, 3.5 Baths
The Hendrik Hudson, #2-CD (Nest Seekers LLC)
-11.2% | -$176,000
521 Dean Street, #9
$1,399,000
Prospect Heights | Cooperative | 2 Bedrooms, 2 Baths
521 Dean Street, #9 (Douglas Elliman Real Estate -)
-11.5% | -$97,000
133 West 75th Street, #PARLOUR A
$750,000
Broadway Corridor | Cooperative | 1 Bedroom, 1 Bath
133 West 75th Street, #PARLOUR A (Compass)
-15.1% | -$105,000
150 East 49th Street, #9E
$590,000
Midtown East | Cooperative | 1 Bedroom, 1 Bath
150 East 49th Street, #9E (Compass)
-21.0% | -$105,000
Riverview East, #19E
$395,000
Gramercy Park | Cooperative | 1 Bedroom, 1 Bath
Riverview East, #19E (Compass)
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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