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One One Eight, #5 (Douglas Elliman) One One Eight, #5 (Douglas Elliman)
Almost exactly one year ago, sales launched at 118 East 1st Street, a boutique condominium located at the nexus of the East Village and Lower East Side and dubbed Acacia 118. The exterior and interior insulation were based on Net-Zero energy principles, and all massive units feature living green balconies, low-VOC paints and floor finishes, high-end appliances, expansive living space, and luxurious bedroom suites. But for all these elegant and eco-friendly features, all four units remain on the market. It has been rebranded One One Eight, and two of the four units had their prices reduced by 27%.

The two listings at One One Eight were among the 400 sales listings in New York City that experienced price reductions from May 17-23, 2023. A selection of notable listings may be found below. Please note that all figures quoted reflect cumulative price cuts as opposed to the most recent discounts.

In this article:

Plaza 400, 400 East 56th Street
Plaza 400, 400 East 56th Street Beekman/Sutton Place
730 Park Avenue
730 Park Avenue Park/Fifth Ave. to 79th St.
Trump Tower, 721 Fifth Avenue
Trump Tower, 721 Fifth Avenue Midtown East
J.W. Marriott Essex House, 160 Central Park South
J.W. Marriott Essex House, 160 Central Park South Midtown West
London Terrace Towers, 410 West 24th Street
London Terrace Towers, 410 West 24th Street Chelsea
750-Park-Avenue-01 750 Park Avenue, #PHAC (The Corcoran Group)
Park Avenue co-ops
Upper East Side co-ops
From the Listing: Perfectly perched on the southwest corner of Park Avenue and East 72nd Street, this sun-filled duplex residence offers the rare opportunity to create a one-of-kind penthouse in a prime Upper East Side location, offering a true combination of indoor and outdoor living. Welcomed by an elegant and modernly designed marble foyer, this residence’s main level features five bedrooms and four full baths, with several spaces that can be used as a library, office, or den. All of the private sleeping quarters are housed on this level with three balconies facing Park Avenue or East 72nd Street. The upper level of this residence features a large living room with a wood-burning fireplace, a separate seating area/den, and a dining area with a striking and modernly designed skylight. See floor plan and full details here.

465-Park-Avenue-01 Ritz Tower, #26C (Compass)
Park Avenue co-ops
Midtown East co-ops
From the Listing: Upon entering Residence 26C, you are greeted by a foyer which leads to the kitchenette. The kitchenette features a GE refrigerator, freezer, dishwasher and microwave as well as a Summit stove and oven. To the right of the foyer is the living room with three east-facing windows, herringbone floors, and a dining alcove leading to a small private balcony, large enough to accommodate two chairs and a small side table. The balcony embodies the 1920s during which the tower was built, with regal balustrades and ornately carved pillars. Utilities are included in monthly maintenance. See floor plan and full details here.

730-Park-Avenue-01 730 Park Avenue, #8C (Brown Harris Stevens)
Park Avenue co-ops
Upper East Side co-ops
From the Listing: This private floor located in one of Park Avenue’s most distinguished and sought-after buildings is pristinely maintained and offers many fine original architectural details. Your private elevator vestibule opens into a massive gallery clad in marble that leads to all formal / entertaining rooms. The 27’ x 19’ corner living room with north and west exposures has a wood burning fireplace and partial Central Park views along with fine prewar details and flows gracefully into the beautiful wood paneled library with a wood-burning fireplace and built-in media center. The formal dining room connects directly to the butler’s pantry and large windowed chef’s kitchen with top-of-the-line appliances that any discerning chef will appreciate. See floor plan and full details here.

37-19-Regatta-Place-01 37-19 Regatta Place, #TH (Laffey Real Estate NYC LLC)
From the Listing: This spectacular home was built to the highest standards. The grand 23’ high entry foyer, decorated with a custom gold-leaf ceiling, looks straight out to the Long Island Sound. Italian mahogany millwork and Italian imported tile, radiant heated floors throughout (including the basement and garage) makes this unique home perfect for a discerning buyer. Quality details are all through this home including 5/8" sheetrock for soundproofing, state-of-the-art PA system, and a speaker system in every room. Open floor plan and spacious waterview balconies makes this home ideal for entertaining. Lower level with a full waterview boasts an inviting indoor-outdoor living space complete with a grand recessed bar, fully equipped private gym, heated floors, and custom sliding glass doors that flow out to the beach front pool and deck. See floor plan and full details here.

242-East-25th-Street-01 242 East 25th Street, #12B (Compass)
Gramercy condops
NYC condops
From the Listing: This large split two-bedroom home features a private terrace and iconic views west and north from all rooms. An expansive living/dining room is adjacent to the open stainless kitchen featuring granite countertops, glass tile backsplash, a breakfast bar, and abundant counter and cabinet space making this the ideal setting for cooking and entertaining. The main bedroom includes two custom California Closets and an en-suite bathroom is fitted with glass tiles, an oversized shower head, and Restoration Hardware fixtures. See floor plan and full details here.

420-East-51st-Street-01 Morad Beekman, #5D (Compass)
Sutton Place co-ops
NYC co-ops
From the Listing: This apartment features bright southern exposures with serene views overlooking historic Beekman townhomes. The expansive living room features brand new hardwood floors, crown molding and a separate dining area. The windowed kitchen has an abundance of storage, granite counter tops and stainless steel appliances. The master bedroom also features oversized closets as well as an en-suite bath. Cable and Wifi are included in the maintenance. See floor plan and full details here.

62-East-1st-Street-01 1st & First, #1N (Compass)
East Village condos
NYC condos
From the Listing: Fall in love with this divine townhouse-style home, triple mint with huge outdoor spaces. Upon entering the massive great room, you will discover with delight the open, and sun-drenched spaces with floor to ceiling windows leading to the garden. The renovated chef’s kitchen features a Wolf gas stove top and oven, Bosch dishwasher, Wolf microwave, Sub-Zero refrigerator and Sub-Zero refrigerated drawers. The dramatic staircase leads to the serene bedroom floor, where both bedrooms share access to a 200-square-foot outdoor space overlooking the garden. See floor plan and full details here.

1-Fifth-Avenue-01 1 Fifth Avenue, #15H (Ann Weintraub Ltd.)
Fifth Avenue co-ops
Greenwich Village co-ops
From the Listing: See the Freedom Tower and all of Lower Manhattan from this designer renovated 15th floor amazing apartment. This bespoke renovation boasts inlaid mahogany plank floors, crown moldings on the ceilings, a custom wall of built-in bookcases in the living room, a gourmet cook’s kitchen with a Liebherr refrigerator and designer appliances and a beautiful bathroom inlaid with marble tiles, all by Ann Sacks and Waterworks fixtures. May be combined with an adjacent, south-facing two-bedroom to form a large four-bedroom apartment that faces Washington Square Park. See floor plan and full details here.
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118-East-1st-Street-01 One One Eight, #DUPLEX3 (Douglas Elliman)
East Village condos
NYC condos
From the Listing: Incorporating 2,879 square feet with an additional 144 exterior square feet, this beautifully planned and detailed apartment offers a perfect fulcrum of fine living and the latest in technology. Direct keyed elevator access opens into a sweeping dining and living area, replete with Juliet balcony and wraparound floor-to-ceiling windows. A ventless fireplace with Tundra Gray stone mantel and surround provides a central focus for entertaining and relaxing. The gourmet kitchen boasts a full array of sleek Miele appliances. The half-floor primary bedroom suite includes room for seating, exercising or an office, a Juliet balcony with an irrigated hanging garden, an enormous walk-in closet and a beautifully detailed en-suite bath. See floor plan and full details here.

118-East-1st-Street-02 One One Eight, #5 (Douglas Elliman)
Downtown condos
NYC condos
From the Listing: Encompassing the 4th and 5th levels, at One One Eight is a three-bedroom, three-bath residence. Direct keyed elevator access opens into the dining and living area, designed for entertaining and relaxing. Floor-to-ceiling windows and a Juliet balcony are offset by a ventless fireplace with Tundra Gray stone mantel and surround. Currently configured as a bedroom with courtyard-facing balcony, a third room could easily make a gracious library while an adjacent study could also be a home office or walk-in-closet. The half-floor primary bedroom suite includes room for seating, exercising or an office, a Juliet balcony with an irrigated hanging garden, an enormous walk-in closet and a beautifully detailed en-suite bath. See floor plan and full details here.

525-Ocean-Parkway-01 525 Ocean Parkway, #1D (Compass)
Kensington co-ops
Brooklyn co-ops
From the Listing: Located on the second floor of an elevator building, this spacious one bedroom faces northeast and is at the back of the building, secluded from the sounds of Ocean Parkway. Upon entering, you will find a foyer with a hall closet which leads to an oversized living area and comfortable dining or home office space. The windowed kitchen features a brand new stove and ample counter and cabinet space. The hallway leading into the bedroom has two closets, including a gigantic walk-in. The bedroom comfortably accommodates a king bed and has two closets. The apartment was renovated within the past few years; the floors were recently refinished, air conditioners replaced, and bathroom tiles redone. See floor plan and full details here.

965-Fifth-Avenue-01 965 Fifth Avenue, #2B (Compass)
Fifth Avenue co-ops
Upper East Side co-ops
From the Listing: Central Park is your personal backyard in this gorgeous, modern 3-bedroom, 3-bathroom unit on Fifth Avenue. Enter this home through its grand foyer, wide enough to accommodate a sitting area, and pass through to the western wing of this gracious apartment. A long hallway separated from the rest of the unit by a door and equipped with a huge walk-in closet leads to the primary bedroom and its adjoining bathroom, which contains a bathtub as well as a stand-up shower, affording maximum privacy and peace. The east wing of this amazing abode leads to an elegant formal dining room, with its floor-to-ceiling mirrored wall and marble sideboard. See floor plan and full details here.

410-West-24th-STreet-01 London Terrace Towers, #5DE (Douglas Elliman)
Chelsea co-ops
NYC co-ops
From the Listing: This sun-drenched, east facing home features charming prewar details such as original hardwood floors, 9-foot beamed ceilings, and picturesque casement windows. Upon entering through the foyer, the home’s living, dining, and kitchen all come together in an open concept layout that is perfect for entertaining. The kitchen features top-of-the-line stainless steel appliances, an abundance of storage, custom cabinetry, and plenty of countertop space. The king-sized primary suite is generously proportioned and features multiple closets including a dressing room and an en-suite bathroom. See floor plan and full details here.

721-Fifth-Avenue-01 Trump Tower, #59B (Douglas Elliman)
Fifth Avenue condos
Midtown West condos
From the Listing: Situated just 2 blocks from Central Park on the 59th floor of a white-glove, full-service condominium, this corner 2-bedroom, 2 bath residence spares no detail and defines luxury and fine taste. Double exposures facing south and east offer spectacular views of New York and the iconic Empire State Building. As you enter this spacious home, you are greeted with a grand gallery lined with floor-to-ceiling built-in closets with mirrored doors. Further inside is the bright, oversized corner living room. The kitchen features a sleek design which incorporates glass-front wood cabinetry, stone countertops and premium stainless steel appliances. Residence can be delivered fully furnished at no additional cost with designer furnishings (both new and antique) that have been curated by renowned interior designer Tony Ingrao. See floor plan and full details here.

160-Central-Park-South-01 J.W. Marriott Essex House, #1151 (CitiSuites International Realty LLC)
Central Park South condos
Midtown West condos
From the Listing: This light and bright charming one-bedroom apartment has a renovated, open kitchenette, large living room boasting original 1930s parquet floors and a spacious bedroom with en-suite bath. Condominium apartment owners are offered a full complement of white glove hotel services and world-class amenities including 24-hour in-room dining; valet, concierge and bell staff; a fitness center and spa; a business center and an award-winning restaurant. See floor plan and full details here.

400-East-56th-Street-01 Plaza 400, #10G (Next Stop NY)
Beekman Place co-ops
NYC co-ops
From the Listing: A large renovated 2-bedroom/2-bathroom apartment features new distressed hardwood floors, wine fridge, open concept kitchen, floor-to-ceiling window in the living room, a huge 31-foot living space, a large walk-in closet in the primary bedroom, and herringbone tiles in the bathroom. The primary bedroom is large enough for a king-size bed with plenty of room to add a workspace. Utilities are included in the maintenance. See floor plan and full details here.

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