From March 17-23, 2026, about 250 condos, co-ops, condops, and townhouses in core New York City areas experienced price reductions. These were heavily concentrated on the lower end of the market on units priced between $500K and $1.5 million, where the bulk of buyer activity tends to take place and where competition is fiercest. As such, sellers seem to be adjusting quickly to meet expectations.
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At the uber-luxury end of the market, two listings at Billionaires' Row supertall 432 Park Avenue experienced price reductions, including the full-floor Residence #69. Public records show that the seller bought two half-floor units for a total of $62.4 million in 2016, combined them, and listed the newly created for $55 million in October 2025; it has gradually come down in price since then.
A lack of direct comps might have made it difficult for the seller to know how to price it. High monthly fees ($41,054 in total, with $15,804/month in taxes) cannot have helped it move, either; though listings like this drive home how dependent New York City is on high earners and the luxury residential market.
A lack of direct comps might have made it difficult for the seller to know how to price it. High monthly fees ($41,054 in total, with $15,804/month in taxes) cannot have helped it move, either; though listings like this drive home how dependent New York City is on high earners and the luxury residential market.
-9.1% | -$5,000,000
432 Park Avenue, #69
$50,000,000
Midtown East | Condominium | 5 Bedrooms, 6+ Baths | 8,255 ft2
432 Park Avenue, #69 (Serhant)
Multiple price cuts took place at new development buildings 75 Wall Street in the Financial District, The Solaire in Battery Park City, and Two Sixteen in South Slope-Greenwood Heights. Last week's price reductions also included the final sponsor unit at Flatiron House, a new development condominium located up the street from Madison Square Park and Eataly. Penthouse #20 is a full-floor unit with direct elevator entry, a corner living room, a corner eat-in kitchen with state-of-the-art appliances, a corner primary suite with windowed dressing room and five-fixture bath, and planted and irrigated Juliet balconies spanning the entire eastern facade. The penthouse also comes with the option to buy the last automated parking space available in the building. It was listed for $10.995 million in September 2025, and a price reduction brings it down to $9.95 million.
-9.5% | -$1,045,000
Flatiron House, #PH20
$9,950,000
Chelsea | Condominium | 4 Bedrooms, 4 Baths | 3,194 ft2
Flatiron House, #PH20 (Corcoran Sunshine Marketing Group)
Also of note, a Turtle Bay townhouse owned by Academy Award-winning actress Katharine Hepburn experienced a price reduction. Ms. Hepburn reportedly lived at 244 East 49th Street, a 19-foot-wide townhouse on Turtle Bay Gardens, from 1931 until her death in 2003. The current seller bought it from her estate for $3.9 million in 2004 and listed it for $7.2 million in May 2024. Most recently, Mansion Global announced that it has been reduced to $6.195 million.
-14.0% | -$1,005,000
244 East 49th Street, #TH
$6,195,000
Turtle Bay/United Nations | Townhouse | 4 Bedrooms, 3.5 Baths | 4,560 ft2
244 East 49th Street, #TH (Sothebys International Realty)
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 quoted figures reflect cumulative price cuts as opposed to the most recent reductions.
Recently reduced listings
-5.1% | -$1,505,000
432 Park Avenue, #66B
$27,995,000
Midtown East | Condominium | 4 Bedrooms, 4.5 Baths | 4,019 ft2
432 Park Avenue, #66B (Douglas Elliman Real Estate)
-8.3% | -$2,500,000
960 Fifth Avenue, #4A
$27,500,000
Park/Fifth Ave. to 79th St. | Cooperative | 5 Bedrooms, 5.5 Baths | 6,300 ft2
960 Fifth Avenue, #4A (Compass)
-18.7% | -$5,050,000
One57, #53B
$21,950,000
Midtown West | Condominium | 5 Bedrooms, 5.5 Baths | 5,475 ft2
One57, #53B (Serhant)
-10.0% | -$2,000,000
730 Park Avenue, #7/8A
$18,000,000
Park/Fifth Ave. to 79th St. | Cooperative | 5 Bedrooms, 6+ Baths
730 Park Avenue, #7/8A (Compass)
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-16.3% | -$2,100,000
18 West 76th Street, #TH
$10,750,000
Central Park West | Townhouse | 6+ Bedrooms, 6+ Baths | 12,250 ft2
18 West 76th Street, #TH (Coldwell Banker Warburg)
-13.5% | -$1,550,000
The Mayfair, #10E
$9,950,000
Park/Fifth Ave. to 79th St. | Condominium | 4 Bedrooms, 4.5 Baths | 3,195 ft2
The Mayfair, #10E (Sothebys International Realty)
-5.3% | -$500,000
VU New York, #PH34A
$8,885,000
Gramercy Park | Condominium | 3 Bedrooms, 3.5 Baths | 2,926 ft2
VU New York, #PH34A (Brown Harris Stevens Residential Sales LLC)
-5.5% | -$450,000
930 Park Avenue, #2N
$7,750,000
Carnegie Hill | Cooperative | 4 Bedrooms, Unknown Baths
930 Park Avenue, #2N (Sothebys International Realty)
-14.3% | -$750,000
One Sutton Place South, #11A
$4,500,000
Beekman/Sutton Place | Cooperative | 4 Bedrooms, 5 Baths
One Sutton Place South, #11A (Brown Harris Stevens Residential Sales LLC)
-15.5% | -$775,000
303 East 77th Street, #15AB
$4,225,000
Lenox Hill | Condominium | 5 Bedrooms, 4.5 Baths | 3,312 ft2
303 East 77th Street, #15AB (Christies International Real Estate Group LLC)
The Stafford Mews, #4D (Compass)
45 Great Jones, #2 (Serhant)
-12.4% | -$495,000
240 Park Avenue South, #14B
$3,500,000
Flatiron/Union Square | Condominium | 3 Bedrooms, 3.5 Baths | 2,140 ft2
240 Park Avenue South, #14B (Sothebys International Realty)
-7.0% | -$245,000
122 East 82nd Street, #8AD
$3,250,000
Carnegie Hill | Cooperative | 4 Bedrooms, 3 Baths
122 East 82nd Street, #8AD (Christies International Real Estate Group LLC)
-6.7% | -$199,999
133 West 14th Street, #PH
$2,800,000
Chelsea | Condominium | 3 Bedrooms, 2 Baths | 2,000 ft2
133 West 14th Street, #PH (Keller Williams NYC)
-15.3% | -$450,000
200 Central Park South, #10A
$2,500,000
Midtown West | Cooperative | 2 Bedrooms, 2.5 Baths
200 Central Park South, #10A (Compass)
-10.0% | -$249,990
205 East 78th Street, #18AB
$2,250,000
Lenox Hill | Cooperative | 3 Bedrooms, 2 Baths
205 East 78th Street, #18AB (Sothebys International Realty)
-12.5% | -$300,000
The Sovereign, #42B
$2,100,000
Beekman/Sutton Place | Cooperative | 2 Bedrooms, 2.5 Baths | 1,800 ft2
The Sovereign, #42B (Corcoran Group)
-6.9% | -$145,000
272 Water Street, #5R/6R
$1,950,000
Financial District | Condominium | 1 Bedroom, 2 Baths | 1,519 ft2
272 Water Street, #5R/6R (Christies International Real Estate Group LLC)
-14.6% | -$300,000
300 East 79th Street, #2A
$1,750,000
Lenox Hill | Condominium | 2 Bedrooms, 2 Baths | 1,308 ft2
300 East 79th Street, #2A (Compass)
-10.5% | -$200,000
130 William, #33D
$1,700,000
Financial District | Condominium | 1 Bedroom, 1 Bath | 855 ft2
130 William, #33D (Corcoran Group)
-11.7% | -$204,000
196 Sixth Avenue, #1A
$1,545,000
SoHo | Cooperative | 1 Bedroom, 2 Baths | 1,028 ft2
196 Sixth Avenue, #1A (Corcoran Group)
-34.5% | -$725,000
Cipriani Club Residences, #520
$1,375,000
Financial District | Condominium | 3 Bedrooms, 3.5 Baths | 2,038 ft2
Cipriani Club Residences, #520 (Corcoran Group)
-11.9% | -$125,000
The Rio, #10D
$925,000
Lenox Hill | Condominium | 1 Bedroom, 1 Bath | 770 ft2
The Rio, #10D (Compass)
-9.1% | -$70,000
The Gotham Town House, #21-B
$700,000
Midtown East | Cooperative | 1 Bedroom, 1 Bath
The Gotham Town House, #21-B (R New York)
-18.4% | -$146,000
Emily Court, #6G
$649,000
Yorkville | Cooperative | 1 Bedroom, 1 Bath
Emily Court, #6G (Douglas Elliman Real Estate)
245 East 72nd Street, #6E (Corcoran Group)
-14.5% | -$85,000
86 Horatio Street, #1A
$500,000
West Village | Cooperative | Studio, 1 Bath
86 Horatio Street, #1A (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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