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Southgate 400 East 52nd Street, #PHT | https://cityrealty.com/n/I2681191 (Tommy Tune Southgate 400 East 52nd Street, #PHT | https://cityrealty.com/n/I2681191 (Tommy Tune
In early September 2025, CityRealty listings show that nearly 900 listings in core New York City areas have either entered or re-entered the market in the past week. Some of these listings returned with lower prices and were among nearly 450 condos, co-ops, condops, and townhouses that experienced price reductions from September 2-8, 2025. This was a massive week-over-week spike in the number of price cuts. Between the increase in listings and pressure to close a deal ahead of the holiday season, sellers may be open to more negotiation.
These included 159 East 71st Street, which was once owned by bandleader Peter Duchin. The son of jazz musician Eddy Duchin, Peter was an acclaimed pianist in his own right, performing everywhere from Truman Capote's Black and White Ball to The Ed Sullivan Show to the inaugural balls of Presidents Johnson through Clinton. This Upper East Side address would have served as a centrally located home base for his gigs at prestigious New York City venues, including The St. Regis.

The house has changed hands since Peter Duchin lived there, and twice served as the site of Mayor Ed Koch's inauguration. It was listed for $9.95 million in 2018, and has been on and off the market at gradually lower price points since then; it has also been on the rental market for $32K/month. Most recently, it hit the market for $8.7 million in September 2024, and was reduced to $8.45 million.

In this article:

Southgate, 400 East 52nd Street
Southgate, 400 East 52nd Street Beekman/Sutton Place
875 Park Avenue
875 Park Avenue Park/Fifth Ave. to 79th St.
The Pulitzer Mansion, 11 East 73rd Street
The Pulitzer Mansion, 11 East 73rd Street Park/Fifth Ave. to 79th St.
159 East 71st Street
159 East 71st Street Lenox Hill
The St Ives, 155 East 72nd Street
The St Ives, 155 East 72nd Street Lenox Hill

159 East 71st Street, #TH (Leslie J Garfield & Co Inc)

Peter Duchin was not the only musician whose New York City home was among last week's price cuts. In March 2025, Tony Award-winning performer/director Tommy Tune listed his penthouse at Southgate, where he hosted several parties on his private terrace overlooking the East River. It was listed for under $3 million, and last week's price cut brings it down to $2.5 million.

Southgate, #PHT (Douglas Elliman Real Estate)

On the new development front, prices have been reduced on two units at Linea in West Chelsea, four units at Hendrix House in Kips Bay, two units The West Residence Club in Hell's Kitchen, and three units 96+Broadway on the Upper West Side. While these buildings offer well-appointed apartments, thoughtfully curated amenity packages, coveted addresses, and availability for immediate occupancy, they have also taken shape in crowded markets.

Linea, #PH (Corcoran Group)

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


The Gale Mansion, #TH (Brown Harris Stevens Residential Sales LLC)

Gracie Green, #PH9/10 (Douglas Elliman Real Estate)

875 Park Avenue, #PHCD (Douglas Elliman Real Estate)
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208 Vanderbilt Avenue, #TH (Corcoran Group)

The Dorilton, #8CE (Douglas Elliman Real Estate)

The Pulitzer Mansion, #PH (Sothebys International Realty)

The St Ives, #7C/8CD (Douglas Elliman Real Estate)

One Prospect Park West, #2A (Compass)

Pierhouse at Brooklyn Bridge Park, #N609 (Compass)

River & Warren, #2C (Compass)

25 Fifth Avenue, #8F (Compass)

121 West 20th Street, #2D (Compass)

Chelsea Modern, #GAL2 (Douglas Elliman Real Estate)

895 West End Avenue, #3B (Douglas Elliman Real Estate)

222 East 17th Street, #GARDEN (Douglas Elliman Real Estate)

166 Washington Avenue, #4A (Corcoran Group)

The Dovecote, #FL5 (Brown Harris Stevens Residential Sales LLC)

100 Hudson Street, #4A (Christies International Real Estate Group LLC)

180 East 88th Street, #4B (Brown Harris Stevens Residential Sales LLC)

302 East 19th Street, #3B (Douglas Elliman Real Estate)

The Trafalgar House, #8E (Compass)

Little Gramercy, #6B (Compass)

261 West 22nd Street, #4 (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?