From May 19-25, 2026, fewer than 250 condos, co-ops, condops, and townhouses in core New York City areas experienced price reductions. This is a marked week-over-week dip in the number of price cuts, and takes place at a time when sales data shows a hot real estate market with the average Manhattan sale price up 5 percent year-over-year.
These included Penthouse #B at The Gramercy, which model/actress Cara Delevingne relisted for $9.45 million over a year and a half after initially listing it for $11 million. She will take a loss if it goes for this price, having bought it for $10.8 million from late-night host Jimmy Fallon and his wife, producer Nancy Juvonen, in May 2022, but told Elle Decor that she wasn't spending much time in New York lately.
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The penthouse comes with a key to Gramercy Park, and Ms. Delevingne largely left custom interiors by Mr. Fallon and Ms. Juvonen untouched. These include, but are not limited to, a rustic "saloon room" with curved bar, a hidden playroom under the staircase, and colorful accents throughout.
“The level of craftsmanship and attention to detail is extraordinary; it feels less like a home and more like a living work of art, revealing something new with every moment spent inside” - Cara Delevingne on her Gramercy Park penthouse
-14.1% | -$1,550,000
The Gramercy, #PHB
$9,450,000
Gramercy Park | Cooperative | 6+ Bedrooms, 5 Baths
The Gramercy, #PHB (R New York)
Another notable price reduction took place at The O'Neill Building, which spans Sixth Avenue between West 20th and 21st Streets. The original cast-iron building was constructed by Mortimer Merritt (no relation) in 1887 as the Hugh O'Neill Dry Goods Building, which catered to well-heeled shoppers on the "Ladies Mile" and was distinguished by its gilded corner domes. The store closed shortly after Mr. O'Neill's death in 1902, and the domes were removed amidst the building's conversion to lofts and manufacturing use. But when the former department store was converted to condos in 2007, the domes were restored, finished in gold leaf, and adapted for residential use.
One of the domes is part of Penthouse B, where it connects to two private terraces and looks out on open views from the windows surrounding it. Interiors of this four-bedroom duplex penthouse feature a 53-foot Great Room with southern and eastern exposures, a kitchen with center island and breakfast room, and two bedrooms, both with terrace access, on the main living level. The primary suite occupies its own floor and features two walk-in dressing rooms, an oversized bath, and its own terrace.
Law & Order: SVU star Mariska Hargitay bought the penthouse for over $7.127 million in October 2007, but sold it for $8.15 million a year later. The current seller initially listed it for $14 million in October 2016; it has been on and off the market at various price points since then. When it most recently returned to the market for $13.5 million in March 2026, listing broker Peter Ocean of Serhant told the New York Post that the seller's children have moved out and she is now looking to downsize.
-9.2% | -$1,245,000
The O'Neill Building, #PHB
$12,250,000
Chelsea | Condominium | 4 Bedrooms, 3.5 Baths | 4,819 ft2
The O'Neill Building, #PHB (Serhant)
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 reflect cumulative price cuts as opposed to the most recent reductions.
Recently reduced listings
-7.2% | -$1,150,000
535 West End Avenue, #10
$14,750,000
Riverside Dr./West End Ave. | Condominium | 6+ Bedrooms, 6+ Baths | 8,451 ft2
535 West End Avenue, #10 (Corcoran Group)
-5.2% | -$800,000
1165 Fifth Avenue, #PH
$14,500,000
Carnegie Hill | Cooperative | 5 Bedrooms, 6+ Baths
1165 Fifth Avenue, #PH (Brown Harris Stevens Residential Sales LLC)
-15.9% | -$1,512,000
The Plaza, #701
$7,988,000
Midtown West | Condominium | 3 Bedrooms, 3.5 Baths | 2,656 ft2
The Plaza, #701 (Corcoran Group)
-4.3% | -$300,000
180 East 88th Street, #20B
$6,695,000
Carnegie Hill | Condominium | 4 Bedrooms, 3.5 Baths | 2,370 ft2
180 East 88th Street, #20B (Corcoran Group)
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-10.3% | -$750,000
The Four Seasons Private Residences, #69B
$6,500,000
Tribeca | Condominium | 3 Bedrooms, 3.5 Baths | 2,631 ft2
The Four Seasons Private Residences, #69B (Brown Harris Stevens Residential Sales LLC)
-3.2% | -$205,000
10 Madison Square West, #6G
$6,195,000
Flatiron/Union Square | Condominium | 3 Bedrooms, 3.5 Baths | 2,381 ft2
10 Madison Square West, #6G (Corcoran Group)
-40.9% | -$4,050,000
137 East 66th Street, #4/5A
$5,850,000
Lenox Hill | Cooperative | 4 Bedrooms, 4 Baths
137 East 66th Street, #4/5A (Corcoran Group)
-5.1% | -$300,000
290 West Street, #2B
$5,550,000
Tribeca | Condominium | 3 Bedrooms, 3.5 Baths | 2,241 ft2
290 West Street, #2B (Douglas Elliman Real Estate)
-21.7% | -$1,500,000
152 East 63rd Street, #2
$5,400,000
Lenox Hill | Condominium | 4 Bedrooms, 3.5 Baths | 3,234 ft2
152 East 63rd Street, #2 (Christies International Real Estate Group LLC)
-7.6% | -$400,000
The Campanile, #2/3
$4,850,000
Beekman/Sutton Place | Cooperative | 3 Bedrooms, 2.5 Baths
The Campanile, #2/3 (CORE Group Marketing LLC)
-24.9% | -$1,495,000
45 West 67th Street, #31A
$4,500,000
Central Park West | Condominium | 3 Bedrooms, 3 Baths | 2,307 ft2
45 West 67th Street, #31A (Douglas Elliman Real Estate)
-14.7% | -$601,000
Vandewater, #PH31A
$3,499,000
Morningside Heights | Condominium | 3 Bedrooms, 3.5 Baths | 2,084 ft2
Vandewater, #PH31A (Compass)
-16.8% | -$705,000
Astor Court, #PH6/7
$3,495,000
Broadway Corridor | Cooperative | 4 Bedrooms, 4 Baths
Astor Court, #PH6/7 (Compass)
-7.1% | -$250,000
Sweeney Building, #10F
$3,250,000
DUMBO | Condominium | 3 Bedrooms, 2.5 Baths | 2,209 ft2
Sweeney Building, #10F (Compass)
-14.3% | -$500,000
87 Barrow Street, #2G
$2,995,000
West Village | Cooperative | 4 Bedrooms, 3 Baths
87 Barrow Street, #2G (Serhant)
-5.4% | -$150,000
Harperley Hall, #1A
$2,650,000
Central Park West | Cooperative | 3 Bedrooms, 2 Baths
Harperley Hall, #1A (Douglas Elliman Real Estate)
-9.1% | -$250,000
429 Hancock Street, #TH
$2,500,000
Bedford-Stuyvesant | Townhouse | 4 Bedrooms, 3 Baths | 3,975 ft2
429 Hancock Street, #TH (Douglas Elliman Real Estate)
52E4, #7 (Douglas Elliman Real Estate)
-8.2% | -$197,000
Thorndale, #PHA
$2,198,000
Midtown West | Condominium | 2 Bedrooms, 2 Baths | 1,074 ft2
Thorndale, #PHA (Berkshire Hathaway HomeServices New York Properties)
-18.6% | -$445,000
57 West 130th Street, #GARDEN
$1,950,000
Harlem | Condominium | 2 Bedrooms, 2.5 Baths | 2,419 ft2
57 West 130th Street, #GARDEN (Douglas Elliman Real Estate)
-11.5% | -$225,000
281 West 11th Street, #4/5D
$1,725,000
West Village | Cooperative | 2 Bedrooms, 1 Bath
281 West 11th Street, #4/5D (Sothebys International Realty)
-17.9% | -$350,000
Prince Tower Building, #6W
$1,600,000
SoHo | Cooperative | 2 Bedrooms, 2.5 Baths
Prince Tower Building, #6W (Serhant)
-4.1% | -$66,000
The Rialto, #1I
$1,549,000
Williamsburg | Condominium | 2 Bedrooms, 2 Baths | 1,138 ft2
The Rialto, #1I (Corcoran Group)
-4.4% | -$55,000
The Griffon, #2C
$1,195,000
Murray Hill | Condominium | 1 Bedroom, 1.5 Baths | 950 ft2
The Griffon, #2C (Corcoran Group)
-4.0% | -$45,000
City View Condominiums, #3C
$1,080,000
DUMBO | Condominium | 2 Bedrooms, 2 Baths | 950 ft2
City View Condominiums, #3C (Christies International Real Estate Group LLC)
-7.5% | -$74,999
Carriage House, #8C
$925,000
Yorkville | Condominium | 1 Bedroom, 1.5 Baths | 910 ft2
Carriage House, #8C (The Agency Brokerage)
-17.9% | -$196,000
320 East 57th Street, #4A
$899,000
Midtown East | Cooperative | 2 Bedrooms, 2 Baths
320 East 57th Street, #4A (Compass)
-8.7% | -$80,000
Turtle Bay Towers, #4E
$840,000
Turtle Bay/United Nations | Condop | 1 Bedroom, 1 Bath | 1,250 ft2
Turtle Bay Towers, #4E (Keller Williams NYC)
-10.6% | -$95,000
760 West End Avenue, #6B
$800,000
Riverside Dr./West End Ave. | Cooperative | 2 Bedrooms, 1 Bath
760 West End Avenue, #6B (Compass)
-7.4% | -$56,000
PS90, #4G
$699,000
Harlem | Condominium | 1 Bedroom, 1 Bath | 794 ft2
PS90, #4G (Compass)
-13.3% | -$100,000
The Mayfair, #1L
$650,000
Lenox Hill | Cooperative | 1 Bedroom, 1 Bath
The Mayfair, #1L (Compass)
Lincoln Spencer Arms, #76C (Brown Harris Stevens Residential Sales LLC)
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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