The Charles, #PH (Douglas Elliman)
In a Manhattan market where new developments are constantly upping the luxury ante in terms of height, apartment square footage, state-of-the-art appliances and finishes, and over-the-top amenities, even the most well-appointed apartments can falter. For example, the top sale of the past week was a triplex penthouse at The Chatham, a Robert A.M. Stern-designed condominium on the Upper East Side, where the top three floors were combined into one magnificent home with features like a gas fireplace, a separate eat-in kitchen, state-of-the-art home automation throughout, and a total of 1,200 square feet of private outdoor space across three Juliet balconies and five private terraces. And yet, the closing price of $16 million reflects a 46.6% reduction from when it originally listed for $29.95 million in August 2020.
From February 14-20, 2024, around 175 sales listings throughout New York City experienced price reductions. While none were so deep as The Chatham penthouse, the penthouse at the top of The Charles comes close. Another custom, white-box creation, this four-story, eight-bedroom, 12,000-square-foot “townhouse in the sky” boasts top-of-the-line appliances and finishes, multiple terraces, and spectacular views. When it was listed for $55 million in March 2023, it was poised to break a price record for the stretch of the Upper East Side east of Third Avenue. However, with its most recent price reduction bringing it down to $35 million, its seller, hedge fund founder Larry Robbins, would take a loss on it, having bought it for $37.94 million in 2015 (h/t The Wall Street Journal).
In this article:
This penthouse and other notable, recently reduced listings may be seen below, along with a full chart showing every reduction of the past week. Please be advised that all figures quoted reflect cumulative price cuts as opposed to the most recent reductions.
The Plaza, #1509 (Douglas Elliman)
From the Listing: This trophy residence at the iconic Plaza has been thoughtfully constructed and designed by renowned interior designer Wade Hallock, using the finest quality of materials and finishes throughout. The exceptional layout has a glamorous and inviting entry foyer that beautifully flows into the grand living room and luxurious formal dining room. The windowed state-of-the-art kitchen also features a separate butlers pantry, perfect for entertaining. Never before offered to the market until now, this exquisite home features spectacular light throughout the day, with grand scale picturesque windows showcasing the most breathtaking and protected views of Central Park. See floor plan and full details here.
56 Leonard Street, #20AW (The Corcoran Group)
From the Listing: Thoughtfully designed, 20AW is a spacious two-bedroom, 2.5-bathroom home, which offers a large private terrace, soaring 11’ ceilings and floor-to-ceiling windows with southern and western exposures. The entrance gallery with large walls for displaying artwork leads to an expansive living room with an open kitchen and space for a dining area. The kitchen offers sleek finishes, including a black granite island with sliding countertop, satin-etched glass cabinetry, and appliances by Miele, Sub-Zero, and Bosch. See floor plan and full details here.
225 East 79th Street, #9CD (Compass)
From the Listing: This meticulously renovated two-bedroom, two-bathroom home with an in-unit washer/dryer is a seamless combination of two apartments, creating a modern living space with an abundance of prewar charm — including high beamed ceilings and original oak floors. When you enter the apartment, you are greeted by a graciously sized foyer which leads to the north-facing living room complete with a separate dining area, creating a delightful space for relaxation and entertaining. The open kitchen is a culinary haven, featuring Caesarstone countertops, a convenient breakfast bar, top-of-the-line stainless steel appliances, and custom-built cabinetry. See floor plan and full details here.
200 Mercer Street, #5E (The Corcoran Group)
From the Listing: This designer triplex with an expansive private roof terrace is the extraordinary result of a 3-year gut renovation overseen by esteemed interior designer Carlos Otero. The generous loft-like main level boasts airy ceilings that rise to a soaring 16 feet in the bright, elegant great room. Ascend to the beautiful rooftop atrium providing interior-multipurpose space, and a fabulous landscaped private rooftop with multiple seating/dining areas, built-in planters, an elevated interlocking paving system, and brand new stainless steel outdoor kitchen with built-in ElectriChef electric BBQ for alfresco enjoyment. See floor plan and full details here.
American Felt Building, #6A (Douglas Elliman)
From the Listing: Currently configured as a spacious 1-bedroom, 1-bathroom apartment, 6A is easily convertible to a 2-bedroom, 2-bathroom home. Over 1,230 square feet and featuring 10'7" ceilings and a private balcony with expansive skyline views, this loft-style apartment provides ample space for entertaining, and living, with style. The open-concept living area is designed for comfort and practicality, and suitable for relaxation and gatherings. The kitchen is well-appointed with sleek appliances, ample counter space and cabinetry, catering to your culinary needs. See floor plan and full details here.
333 East 53rd Street, #7C (Sotheby's International Realty)
From the Listing: Motivated seller - priced to sell! The entry foyer leads to a large living/dining room with lovely hardwood floors, beamed ceilings and crown moldings. The renovated west facing windowed kitchen has granite counter top and floors, with glass mosaic tiled backsplash, an integrated Sub-Zero undermount pull out fridge, dishwasher and cooktop. The bright north-facing bedroom has a large walk-in closet and updated, windowed en suite bath with Toto toilet and glass-enclosed shower/tub. See floor plan and full details here.
77 East 12th Street, #19A (Sotheby's International Realty)
From the Listing: This expansive corner apartment boasts a unique oversized layout and jaw-dropping city panoramas. Perched high up on the 19th floor after the setback in the tower section of the building, the living room is bathed in natural light from two exposures, offering open and expansive views to the west and north. Enjoy meals in a separate dining alcove, complemented by clean contemporary lines and beautiful new floors throughout. The bedroom is very separate from the living room offering quiet and privacy. See floor plan and full details here.
370 Central Park West, #111 (The Corcoran Group)
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From the Listing: Located in a handsome Tudor-style co-op right across from Central Park, this apartment enjoys full-service building amenities and an outstanding location every city dweller dreams of. The airy ambience features oversized windows on double exposures, beautiful hardwood floors, classic moldings, and an open living-dining room for lounging and hosting guests. Adjoining is a nicely-renovated kitchen appointed with tile floors, ample cabinetry for storage, and new stainless steel appliances. See floor plan and full details here.
Origin Morris, #2K (The Corcoran Group)
From the Listing: From the moment you enter, you will be greeted by generously proportioned living and dining space that set the stage in this turn key home. The residence premium upgrades include Terra Legno Cannon gray engineered wood flooring, flush mount Maxim Linear LED overhead lighting fixtures, interior two panel doors by Jeld-Wen with hardware by Yale and 8" base moldings. An inviting entry foyer leads you to a brand new eat-in kitchen with custom cabinetry in white, Calacatta Valentin Quartz countertops in warm white plus undermount sink by Elkay and glazed ceramic backsplash in bright white tile. Sponsor sale with no board approval, and flexible financing available! See floor plan and full details here.
181 East 73rd Street, #7ABH (Brown Harris Stevens)
From the Listings: This six-room cooperative was completely redone with no detail spared! As you enter through the gracious foyer, you have an entire mirrored wall of closets outfitted by The Closet Lady. The bright and light east-facing living and dining room make this an ideal home for entertaining. The beautiful, open chef’s kitchen is central to these two areas and outfitted with a top-of-the line Wolf stove which features an infrared broiler and a Wolf convection oven, a Bosch dishwasher, a Sub-Zero refrigerator with freezer and a 48-bottle Sub-Zero wine cooler. See floor plan and full details here.
29 West 15th Street, #6 (Sotheby's International Realty)
From the Listing: Boasting over 2,250 square feet of living space, the expansive loft has 9‘ foot ceilings and open floor plan for entertaining. This beautiful full floor loft features beamed ceilings, exposed brick walls and original maple floors, three sunny exposures and open views. You will enjoy the open views and wonderful light throughout this spectacular space. Currently configured as a dance studio, this is your opportunity to create your vision in a wonderful loft that is perfectly located. See full details here.
Olympic Tower, #A37/38 (Douglas Elliman)
From the Listing: Exquisitely designed by Fran Murphy, this 10-room residence high above Fifth Avenue blends light, space, and seclusion with 36 floor-to-ceiling windows wrapping around the northwest corner and accented by 9-foot ceilings. The large entrance and glamorous foyer leads into expanses of a 34-foot-wide grand salon with beautiful mother-of-pearl walls. The dining area features a stunning Swarovski Crystal chandelier and the open layout is perfect for comfortable living and entertaining. The chef’s eat-in kitchen boasts the finest lacquer cabinetry, white onyx countertops and top-of-the-line appliances. The centerpiece of the apartment is a custom glass spiral staircase imported from Italy that elegantly combines the main and upper levels. See floor plan and full details here.
25 West 13th Street, #1ON (The Corcoran Group)
From the Listing: Located on the second floor of a building on prime lower Fifth Avenue, this massive two-bed opens up to a private garden space measuring about 1,300 square feet. The living room offers great southern light, and there are classic street views in the bedrooms. Additional features include separate kitchen with full-size appliances, renovated bathrooms, and great closet space throughout. See floor plan and full details here.
Gramercy 1860, #6A (Compass)
From the Listing: Unit 6A is a 25’ wide floor through home with 2 bedrooms, 2 bathrooms and 1,326 interior square feet. Features include floor-to-ceiling windows, northern and southern exposures and a Juliet balcony. The open chef’s kitchen boasts natural quartz countertops, cabinets by Shinoki, and top-of-the-line Miele appliances. The primary bathroom is a sanctuary of relaxation, featuring luxurious details and high-end finishes. Now offering closing cost concessions with no board approval. See floor plan and full details here.
The Charles, #PH (Douglas Elliman)
From the Listing: This masterpiece is the impressive result of a five-year bespoke white-box fabrication that has never before been on the market. A work of art in and of itself, a distinguished staircase serves as the centerpiece of the home, adorned with a dramatic custom chandelier that spans all four floors and reflects the spectacular New York City skyline. Highlights of this expansive layout include eight bedrooms, eight bathrooms, four powder rooms, a media room, professional chef’s kitchen, formal dining room, two terraces, gas fireplace, and an internal elevator. The outdoor space has been curated to maximize entertainment and to appreciate the beauty and vibrancy of New York City. See floor plan and full details here.
166 East 61st Street, #18F (Serhant LLC)
From the Listing: Prepare to be enchanted as you step into this completely renovated residence, featuring a stunning 1,100+ square-foot, fully planted terrace designed by renowned landscape architect Amber Freda. Upon entering, you are greeted by a gracious foyer that immediately captures your attention with its incredible northern, eastern, and western exposures showcased through oversized windows in the living and dining room. The chef’s kitchen has been fully renovated, featuring soapstone countertops and an island that comfortably accommodates five guests. See floor plan and full details here.
Would you like to tour any of these properties?
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Or call us at (212) 755-5544
Would you like to tour any of these properties?
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