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In New York City, it can sometimes seem like luminaries are trading apartments or moving into each other’s old homes. That is certainly the case for a four-bedroom apartment at The Osborne: In 2015, decades after celebrated composer/conductor Leonard Bernstein lived there with his family while composing West Side Story in a separate studio in the building, Academy Award-winning actress Jessica Chastain bought it from Tony Award-winning composer Adam Guettel for $5.1 million. She then embarked on a renovation that was featured in Architectural Digest and, years later, put it on the market for $7.45 million in May 2024.
Between its rich history, central address, and interiors that combine original architectural details with top-of-the-line appliances and finishes, one might have imagined the apartment would go quickly. But nearly one year later, it has been relisted with a new brokerage and a $950K price reduction.

In this article:

Cannon Point North, 25 Sutton Place South
Cannon Point North, 25 Sutton Place South Beekman/Sutton Place
Parc V, 785 Fifth Avenue
Parc V, 785 Fifth Avenue Park/Fifth Ave. to 79th St.
The Ramondo, 784 Park Avenue
The Ramondo, 784 Park Avenue Park/Fifth Ave. to 79th St.
The Sussex, 55 East 65th Street
The Sussex, 55 East 65th Street Park/Fifth Ave. to 79th St.
The Gotham, 170 East 87th Street
The Gotham, 170 East 87th Street Carnegie Hill

The Osborne, #4B (Compass)

One possible reason for languishing on the market could be the rise of taller, glitzier towers around The Osborne with Central Park views, like Central Park Tower, One57, and 111 West 57th Street. However, while 111 West 57th Street regularly commands New York's highest-priced sales and contracts, the prices are not as high as they could have been. Nikki Field of Sotheby's International Realty told Mansion Global that adjusted prices in the building brought it to a "sweet spot" for luxury buyers and led to recent sales momentum. The seller of a five-bedroom Landmark Residence in the refurbished Steinway Hall component may be thinking along those lines; it was initially listed for $17,500,000, but the most recent price reduction brings it down to $13,800,000.
The listings at The Osborne and 111 West 57th Street were among over 300 sales listings in core New York City neighborhoods that experienced price reductions from April 8-14, 2025. A selection of notable listings, as well as a full chart of last week's price reductions, may be seen below. Please be advised that all figures reflect cumulative price cuts as opposed to the most recent reductions.



111 West 57th Street, #17S (Corcoran Group)

One Avenue B, #PH1 (AT THE FIRM)

135 East 19th Street, #TH (Compass)

Abi Chelsea, #3N (Compass)

One Central Park West, #24D (Compass)

134 Sullivan Street, #TH (Sothebys International Realty)

The Briarcliffe, #6B (R New York)

The Wexford, #13CD (Corcoran Group)

Metal Shutter Houses, #1 (Serhant)

Parc V, #6A (Corcoran Group)

The Ramondo, #17A (Brown Harris Stevens Residential Sales LLC)

The Gotham, #PH1B (Station Cities)
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Chelsea Stratus, #19B (Compass)

96+Broadway, #6C (Compass)

25 Carroll Street, #4C (Compass)

Rose Hill, #9A (CORE Group Marketing LLC)

505 W 43, #8A (Corcoran Sunshine Marketing Group)

The Orion, #PHD (Douglas Elliman Real Estate)

The Hit Factory, #5C (Brown Harris Stevens Residential Sales LLC)

237 East 88th Street, #101 (Nest Seekers LLC)

Umbrella Factory, #5H (Douglas Elliman Real Estate)

The Luxor, #1004 (Compass)

130 Barrow Street, #404 (Sothebys International Realty)

250 West 15th Street, #2C (Corcoran Group)

Liberty Tower, #13C (Compass)

Cannon Point North, #6F (Douglas Elliman Real Estate)

309 West 103rd Street, #3 (Compass)

Cora, #PH (Nest Seekers LLC)

Downtown Club, #11F (Weichert Properties)

The Regatta, #PH1J (Corcoran Group)

The Sussex, #4C (Douglas Elliman Real Estate)

321 West 78th Street, #6F (Brown Harris Stevens Residential Sales LLC)

Cabrini Terrace, #14E (Compass)

Would you like to tour any of these properties?
Just complete the info below.
  1. Select which properties are of interest to you:

Or call us at (212) 755-5544
Would you like to tour any of these properties?