Price Cuts: Former Kips Bay Decorator Show House cut by $3 million; Ritz-Carlton penthouse gets 17% haircut

By CityRealty Staff | From Great Listings Wednesday, August 7, 2024

337 Riverside Drive, #TH (Compass)

For nearly 50 years, the Kips Bay Boys & Girls Club’s most prominent fundraising event has been Kips Bay Decorator Show House, which invites celebrated interior designers to transform every room in a New York City townhouse into an exhibition of luxury furnishings, fine art, and state-of-the-art technology. The event has raised millions of dollars for the non-profit, expanded to Palm Beach and Dallas, and given designers incredible exposure, but it has not always been seamless – in 2010, the event was postponed because the property hosting the show house sold.

One particularly memorable home to the event was 337 Riverside Drive; also known as "The River Mansion," it has attracted the likes of actress Julia Marlowe and Seagrams heir Edgar Bronfman Jr. Shortly before the event began in May 2023, owner Sherry Bronfman listed it for $24 million. The price was reduced to $20 million in October 2023 before being delisted in February 2024. It returned to the market for $12,995,000 in April 2024, but a $3 million price cut brings it just below $10 million at $9,995,000.

337 Riverside Drive was among under 150 condo, co-op, condop, and townhouse listings that experienced price reductions from July 30 - August 5, 2024. 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 refer to cumulative price cuts as opposed to the most recent reductions.

-17.7% | -$83,000

The Hamilton, #20
$387,000

Chelsea | Cooperative | 1 Bedroom, 1 Bath

The Hamilton, #20 (Bank Neary Inc)

From the Listing: Total tranquility and bright daylight! South-facing top floor one-bedroom features an enlarged, separate windowed kitchen and gallery-style entry hall. Additional features include high ceilings and original details which include fireplace (decorative/non-working). Boutique cooperative is located on a desirable block near all transportation and conveniences. See floor plan and full details here.

-8.4% | -$50,000

Townsend Mews, #2B
$549,000

Riverside Dr./West End Ave. | Cooperative | 1 Bedroom, 1 Bath

331 West 85th Street, #2B (Corcoran Group)

From the Listing: Up one flight at 331 West 85th Street is a renovated, spacious, peaceful one-bedroom in excellent condition. Both bathroom and kitchen have been beautifully remodeled to maximize the space. Above the well-appointed living room is a spiral staircase leading to a loft area which can serve as a home office or den. The living room and bedroom feature 12' ceilings with tall garden-view windows. See floor plan and full details here.

-10.8% | -$100,000

The Albert, #419
$825,000

Greenwich Village | Cooperative | 1 Bedroom, 1 Bath

The Albert, #419 (Compass)

From the Listing: This lovely home perched over quiet East 10th Street features an updated kitchen and bathroom, big windows, high ceilings, good closet space, through wall a/c, and the possibility of an in-unit washer/dryer. The building has 24-hour door staff, a renovated lobby, bike storage and a beautifully landscaped and furnished roof deck. Serious seller! See floor plan and full details here.

-22.5% | -$290,000

Greenwich Club, #3502
$998,000

Financial District | Condominium | 1 Bedroom, 1 Bath | 732 ft²

Greenwich Club, #3502 (Platinum Properties)

From the Listing: South-facing, 35th-floor true one-bedroom apartment with unobstructed views of Statue of Liberty, Battery Park and New York Harbor. Apartment features 10’6" ceilings, oversized windows, two spacious closets in the foyer/living room and a large walk-in closet in the bedroom; custom dimmable recessed lighting, deep soaking tub with rain shower; Sub-Zero and Viking appliances in the kitchen. Option to buy furnished. See floor plan and full details here.

-15.1% | -$195,000

Coda Condominium, #7H
$1,100,000

Gramercy Park | Condominium | 1 Bedroom, 1 Bath | 748 ft²

Coda Condominium, #7H (Compass)

From the Listing: Designed by the world-renowned Francis D’Haene of D’Apostrophe Design, this home features light-filled interiors, exquisite fixtures, and refined details throughout. Oversized windows frame the downtown Manhattan skyline to the south and the building’s landscaped terrace to the west. The entry foyer with a large coat closet leads to a stylish U-shaped kitchen that is appointed with glossy white Italian lacquer cabinetry, honed marble countertops and backsplashes, and top-of-the-line appliances. The spacious living room allows for various layouts of furniture and is perfect for entertaining. Featured in The New York Times! See floor plan and full details here.

-6.8% | -$100,000

Salvation Lofts, #4M
$1,375,000

Clinton Hill | Condominium | 2 Bedrooms, 2 Baths | 952 ft²

Salvation Lofts, #4M (Corcoran Group)

From the Listing: Welcome to the perfect top-floor 2-bedroom home located in the Salvation Lofts, a rare and architecturally captivating condo loft conversion. Interiors feature 11' soaring ceilings and oversized east-facing windows overlooking a lush interior courtyard. The open and oversized kitchen has been designed with a nod to the industrial history of the building and includes and a suite of custom-paneled professional appliances. The unit comes with private basement storage and a rooftop cabana with views of Manhattan. See floor plan and full details here.

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-5.9% | -$100,000

West Village Houses, #GARDEN
$1,595,000

West Village | Cooperative | 3 Bedrooms, 1.5 Baths

West Village Houses, #GARDEN (Douglas Elliman Real Estate)

From the Listing: Whether you enter this residence from the garden or the front door, you will be welcomed by the open and airy great room. Privately upstairs, there are three oversized bedrooms with the bathroom centrally located. The half-bath is conveniently located near the living area, and has the potential to be converted to a full second bathroom. The private garden offers your own private oasis. Deal fell through! See floor plan and full details here.

-9.8% | -$196,000

200 Central Park South, #15H
$1,799,000

Midtown West | Cooperative | 1 Bedroom, 1.5 Baths | 1,050 ft²

200 Central Park South, #15H (Compass)

From the Listing: Enjoy morning coffee or evening cocktails from the large, private balcony in this exciting unit featuring views of Central Park and New York City. Newly designed, this 15th-floor residence offers bright north and eastern views and is ready for immediate occupancy. The L-shaped living and dining area also allows for a home office or guest sleeping area if you desire. The chef’s quality kitchen features stainless steel appliances, tying the space together with luxurious style and professional-grade ability. See floor plan and full details here.

-22.4% | -$650,000

Gramercy Arms, #8UT
$2,250,000

Gramercy Park | Cooperative | 4 Bedrooms, 3 Baths | 2,025 ft²

Gramercy Arms, #8UT (Compass)

From the Listing: Indulge in the epitome of luxury living with this stunning south and east corner co-op in Gramercy Park. Upon entering, you are greeted by a gracious foyer that leads to a light-filled living and dining area, perfect for entertaining or relaxation. The well-appointed window kitchen features high-end appliances and ample storage space, making it a chef's delight. Step outside to the private balcony and savor stunning open views while enjoying the fresh air. See floor plan and full details here.

-11.7% | -$330,000

The Century, #2E
$2,495,000

Central Park West | Condominium | 3 Bedrooms, 2 Baths | 1,676 ft²

The Century, #2E (Brown Harris Stevens Residential Sales LLC)

From the Listing: Spacious 5.5-room home evokes a townhouse ambience but with all the convenience of a full service condominium also designated a NYC Art Deco Landmark. A welcoming entry foyer invites one into the gracious step-down living room with original decorative fireplace, railing and moldings as well as into the flexible dining room which could also function as a third bedroom and/or home office. The windowed kitchen features abundant storage, glass front cabinets and a thoughtfully concealed washer/dryer. A Steinway piano and some furnishings are optional inclusions. See full details here.

-12.3% | -$400,001

The Saxony, #21
$2,849,999

Riverside Dr./West End Ave. | Cooperative | 4 Bedrooms, 3 Baths | 2,130 ft²

The Saxony, #21 (EXP Realty NYC)

From the Listing: Step into a piece of history at The Saxony, the first residential building designed by eminent architect Emery Roth. Apartment 21 has the distinction of being one of the last units in the building preserving all of its turn of the century details, including breathtaking molding, majestic Roman columns, and multiple fireplaces - a rare find in today's market. Two bathrooms have been renovated recently and new appliances have been put into the kitchen. All electricity in unit is fully updated. See floor plan and full details here.

-35.6% | -$2,205,000

125 Beach 135th Street, #TH
$3,995,000

Rockaway Park | Townhouse | 3 Bedrooms, 3 Baths

125 Beach 135th Street, #TH (Revived Residential)

From the Listing: Indulge in luxurious New York City beachfront living in this stunning three-bedroom, three-bathroom residence featuring sun-drenched luxurious interiors, breathtaking water views, a poolside outdoor oasis and 145 feet of ocean frontage. Custom German entry doors adorned with Swarovski crystals invite you inside this 2,572-square-foot showplace filled with exquisite designer finishes. Unwind alongside the living room one-of-a-kind gray wild agate gas fireplace surround flanked by custom built-ins. See floor plan and full details here.

-18.3% | -$1,005,000

The Belgravia, #PHB
$4,495,000

Park/Fifth Ave. to 79th St. | Condominium | 2 Bedrooms, 3 Baths | 2,250 ft²

The Belgravia, #PHB (Modlin Group LLC)

From the Listing: A study in carefully considered contemporary design and exquisite taste, this stunning duplex penthouse boasts iconic Manhattan skyline views and a spectacular, private rooftop terrace. With north and south exposures, the light-filled great room features an expansive dining/living room and a charming terrace with a Central Park view. Vibrant and sleek, the custom-designed Valcucine chef’s kitchen boasts top-of-the-line appliances, jet mist honed granite countertops, and opens onto an eat-in breakfast area with an adjacent south-facing terrace. See floor plan and full details here.

-5.6% | -$275,000

Soori High Line, #9B
$4,675,000

Chelsea | Condominium | 2 Bedrooms, 2.5 Baths | 1,638 ft²

Soori High Line, #9B (Compass)

From the Listing: Meticulously designed floor-through residence is designed with the distinction of a privately commissioned home, offering generous proportions and abundant light throughout. Designed for entertaining, the spacious living and dining areas are complemented by an oversized roof terrace with city views. The custom Poliform-Varenna chef’s kitchen features an integrated Miele and Sub-Zero appliance package. The corner primary bedroom suite is a true sanctuary with a private terrace, southern exposures, and a spacious walk-in closet with integrated lighting by Poliform. See floor plan and full details here.

-23.9% | -$1,550,000

West End and Eighty Seven, #PHB
$4,950,000

Riverside Dr./West End Ave. | Condop | 5 Bedrooms, 5.5 Baths | 3,882 ft²

West End and Eighty Seven, #PHB (Brown Harris Stevens Residential Sales LLC)

From the Listing: Meticulously designed to perfection, Penthouse B is a trophy-worthy urban oasis, ideal for those in search of sizable indoor and outdoor space. Enter off of a private vestibule and into a gracious foyer perfect for receiving guests and showcasing art. Follow the sun into a massive southwest corner living room enveloped in oversized picture windows with views as far as the greenery across the Hudson River and down to Hudson Yards. All of the principal entertaining spaces radiate seamlessly from the living room, including the lush private terrace perfectly exposed at the center of the building's southern facade. No maintenance due until May 2026. Maintenance amount reflects one year of $10,000/month credits being offered by seller. See floor plan and full details here.

-39.2% | -$4,505,000

119 Waverly Place, #3/4
$6,995,000

Greenwich Village | Cooperative | 4 Bedrooms, 4 Baths | 3,600 ft²

119 Waverly Place, #3/4 (Compass)

From the Listing: This magnificent duplex 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. Most rooms in this home have deco fireplaces and the prewar details are delightful. Ceiling heights are approximately 10 foot high, and additional features include central air, custom baths with artistic tile from Anne Saks, two laundry rooms, hardwood or marble floors, and to top it off, an incredible private plantable roof deck with open views! See floor plan and full details here.

-17.1% | -$1,700,000

860 Park Avenue, #3FL
$8,250,000

Park/Fifth Ave. to 79th St. | Cooperative | 5 Bedrooms, 4.5 Baths | 4,400 ft²

860 Park Avenue, #3FL (Nest Seekers LLC)

From the Listing: Experience the essence of sophistication and refinement in this exquisite full-floor residence situated directly on and overlooking Park Avenue. Enter through a private elevator to a welcoming gallery, which leads into a bright, spacious living room with dual exposures, complemented by a wood-burning fireplace. Nearby, a sizable formal dining room awaits, ideal for hosting refined gatherings. The layout features a masterful separation of entertaining and private living spaces, accessible from a wide hallway off the main gallery, which leads to four large bedrooms with en suite baths. See floor plan and full details here.

-16.8% | -$1,845,000

The Ritz-Carlton Residences, New York, NoMad, #PH42A
$9,150,000

Chelsea | Condominium | 2 Bedrooms, 2.5 Baths | 1,750 ft²

The Ritz-Carlton Residences, New York, NoMad, #PH42A (Serhant LLC)

From the Listing: Exclusive benefits and panoramic helicopter views make this lavish 2-bedroon, 2.5-bathroom offering unlike any other in the city. Oversized picture windows let in an abundance of southern and eastern light, accentuating beautiful white oak floors, custom millwork, and soaring ceilings over 10 feet high. The Poliform kitchen is adorned with an eat-in waterfall island and fully integrated Miele appliances. The king-size primary suite has a wall of reach-in closets and a decadent en-suite bathroom. Owners have access to the penthouse for up to 120 nights per year and can appoint The Ritz-Carlton to rent and manage the home while they are away. See floor plan and full details here.

-23.1% | -$3,000,000

337 Riverside Drive, #TH
$9,995,000

Riverside Dr./West End Ave. | Townhouse | 5 Bedrooms, 6+ Baths | 10,000 ft²

337 Riverside Drive, #TH (Compass)

From the Listing: This Beaux-Arts style home was meticulously crafted between 1899 to 1902 by renowned architect Robert D. Kohn, and stands as a testament to timeless elegance and craftsmanship. Spanning five stories, with 10,000 square feet of living space, a separate basement apartment with dedicated entrance, and Hudson River views, this trophy estate is truly one of a kind. The home features exquisite spaces including a parlor, library, media room, wine room, and wine cellar. Two brand new, fully renovated kitchens offer top-of-the-line finishes with a full suite of JennAir luxury appliances. See floor plan and full details here.

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In this article:

-17.7% | -$83,000

The Hamilton, #20
$387,000

-8.4% | -$50,000

Townsend Mews, #2B
$549,000

-10.8% | -$100,000

The Albert, #419
$825,000

-22.5% | -$290,000

Greenwich Club, #3502
$998,000

-15.1% | -$195,000

Coda Condominium, #7H
$1,100,000

-6.8% | -$100,000

Salvation Lofts, #4M
$1,375,000

Select which properties are of interest to you:

-5.9% | -$100,000

West Village Houses, #GARDEN
$1,595,000

-9.8% | -$196,000

200 Central Park South, #15H
$1,799,000

-22.4% | -$650,000

Gramercy Arms, #8UT
$2,250,000

-11.7% | -$330,000

The Century, #2E
$2,495,000

-12.3% | -$400,001

The Saxony, #21
$2,849,999

-35.6% | -$2,205,000

125 Beach 135th Street, #TH
$3,995,000

-18.3% | -$1,005,000

The Belgravia, #PHB
$4,495,000

-5.6% | -$275,000

Soori High Line, #9B
$4,675,000

-23.9% | -$1,550,000

West End and Eighty Seven, #PHB
$4,950,000

-39.2% | -$4,505,000

119 Waverly Place, #3/4
$6,995,000

-17.1% | -$1,700,000

860 Park Avenue, #3FL
$8,250,000

-16.8% | -$1,845,000

The Ritz-Carlton Residences, New York, NoMad, #PH42A
$9,150,000

-23.1% | -$3,000,000

337 Riverside Drive, #TH
$9,995,000

This is your member's center

In this article:

-17.7% | -$83,000 The Hamilton, #20$387,000

-8.4% | -$50,000 Townsend Mews, #2B$549,000

-10.8% | -$100,000 The Albert, #419$825,000

-22.5% | -$290,000 Greenwich Club, #3502$998,000

-15.1% | -$195,000 Coda Condominium, #7H$1,100,000

-6.8% | -$100,000 Salvation Lofts, #4M$1,375,000

Select which properties are of interest to you:

-5.9% | -$100,000 West Village Houses, #GARDEN$1,595,000

-9.8% | -$196,000 200 Central Park South, #15H$1,799,000

-22.4% | -$650,000 Gramercy Arms, #8UT$2,250,000

-11.7% | -$330,000 The Century, #2E$2,495,000

-12.3% | -$400,001 The Saxony, #21$2,849,999

-35.6% | -$2,205,000 125 Beach 135th Street, #TH$3,995,000

-18.3% | -$1,005,000 The Belgravia, #PHB$4,495,000

-5.6% | -$275,000 Soori High Line, #9B$4,675,000

-23.9% | -$1,550,000 West End and Eighty Seven, #PHB$4,950,000

-39.2% | -$4,505,000 119 Waverly Place, #3/4$6,995,000

-17.1% | -$1,700,000 860 Park Avenue, #3FL$8,250,000

-16.8% | -$1,845,000 The Ritz-Carlton Residences, New York, NoMad, #PH42A$9,150,000

-23.1% | -$3,000,000 337 Riverside Drive, #TH$9,995,000

Select which properties are of interest to you:

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-17.7% | -$83,000

The Hamilton, #20
$387,000

-8.4% | -$50,000

Townsend Mews, #2B
$549,000

-10.8% | -$100,000

The Albert, #419
$825,000

-22.5% | -$290,000

Greenwich Club, #3502
$998,000

-15.1% | -$195,000

Coda Condominium, #7H
$1,100,000

-6.8% | -$100,000

Salvation Lofts, #4M
$1,375,000

-5.9% | -$100,000

West Village Houses, #GARDEN
$1,595,000

-9.8% | -$196,000

200 Central Park South, #15H
$1,799,000

-22.4% | -$650,000

Gramercy Arms, #8UT
$2,250,000

-11.7% | -$330,000

The Century, #2E
$2,495,000

-12.3% | -$400,001

The Saxony, #21
$2,849,999

-35.6% | -$2,205,000

125 Beach 135th Street, #TH
$3,995,000

-18.3% | -$1,005,000

The Belgravia, #PHB
$4,495,000

-5.6% | -$275,000

Soori High Line, #9B
$4,675,000

-23.9% | -$1,550,000

West End and Eighty Seven, #PHB
$4,950,000

-39.2% | -$4,505,000

119 Waverly Place, #3/4
$6,995,000

-17.1% | -$1,700,000

860 Park Avenue, #3FL
$8,250,000

-16.8% | -$1,845,000

The Ritz-Carlton Residences, New York, NoMad, #PH42A
$9,150,000

-23.1% | -$3,000,000

337 Riverside Drive, #TH
$9,995,000