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Trump Tower, #33F (Keller Williams NYC) Trump Tower, #33F (Keller Williams NYC)
When it's time to sell a longtime property, sellers have a tendency to overprice it so as to account for happy memories and the time and money they've put into maintaining and upgrading it. However, a Forbes article from earlier this summer strongly advises against this -- it could turn off a wide range of buyers, cause the property to languish on the market, and ultimately lead to it selling for less than anyone had hoped. Dorothy Schrager of Coldwell Banker Warburg cautions that "it's important to think about your home in a less personal way: you need to start thinking of it as an asset that you are selling, and you must take your personal feelings out of the picture, because it’s a business deal."

From August 9-15, 2023, a total of 177 sales listings throughout New York experienced price reductions. A selection of notable listings, some of which have spent several months on the market, may be found below. Please be advised that all of the following figures reflect cumulative price cuts as opposed to the most recent reductions.

310-West-72nd-Street-01 310 West 72nd Street, #1D (Sotheby's International Realty)
Foyer leading to living areas
Living room with beamed ceilings
From the Listing: Rare opportunity for a 2 full bedroom (or convertible 3) and 2 bathrooms in upscale prewar building in the heart of the Upper West Side. The unit is currently being used as a professional space for 3 individual offices with 2 half baths. Minimal work is required to convert to spacious multi-bedroom residence. With its larger room proportions and higher ceiling height, this unit allows for a seamless conversion to a private residence. See proposed alternative floorplans. Maintenance reflects a $50,000 seller rebate over 36 months. See floor plan and full details here.

171-West-57th-Street-01 The Briarcliffe, #11B (Compass)
From the Listing: Create your dream home on Billionaire’s Row for an affordable price! This sprawling, high floor condominium offers soaring ceilings and North, South, East and West exposures, including views of Carnegie Hall. The current owner has already completed demolition and the residence is ready for your custom design. The versatile plan allows for 3-4 bedrooms and 3-4 bathrooms with open or eat-in kitchen. See full details here.

169-West-88th-Street-01 169 West 88th Street, #2 (Compass)
Dining area with beamed ceiling
Bedroom with fireplace and two windows
From the Listing: Tucked away on a serene block just moments from Central Park, this spacious duplex includes a rear-facing terrace, a parlor-level entrance, and a coveted location in the heart of the Upper West Side. As currently positioned, terracotta floors are complemented by white beam ceilings and stucco walls, creating a warm ambiance and providing an excellent canvas for the next owner. Three fireplaces, all adorned with their original mantles, remain intact and anchor each room. Bring your architect and transform the upper floors of a traditional Upper West Side brownstone into your dream home! See floor plan and full details here.

467-Greenwich-Street-01 The Romanoff, #1 (Sotheby's International Realty)
Bedroom with dressing area
Study off the foyer
From the Listing: Residence 1 at the handsome, newly reimagined 463 Greenwich Street is an absolute stunner in a coveted 6-story, brick and limestone building near it all. The bright, airy duplex with its own direct street access is drenched in natural light beaming in from oversized windows facing south and west, and brimming with chic industrial details like soaring ceilings, cast iron columns, and poured concrete floors. Enter into the expansive, sun-filled living room with plenty of space for open dining and various seating arrangements to suit your entertaining needs. The sleek open kitchen is tailored to the chef with top-of-the-line appointments and premium stainless steel appliances, while a stylish full bath sits just off the living area. The bedroom wing sits at the rear of the main level, as does a beautiful library/office for reading and working remotely. Separate loft comes with the apartment. See floor plan and full details here.

322-West-72nd-Street-01 322 West 72nd Street, #11C (Brown Harris Stevens)
Formal dining area
Bedroom with beamed ceiling and windows
From the Listing: Wonderful open south city views from all rooms are the highlight of this incredibly sunny two bedroom, two bathroom home, located in a classic prewar building across from the glorious Riverside Park. The apartment has been thoughtfully reimagined to maximize the living space by creating a large separate dining area, while still maintaining two full bedrooms. An elegant entry foyer flows into the grand living room, showcasing open city views from three large south facing windows. The king-size primary bedroom is expansive and boasts a full en-suite windowed bathroom, as well as two closets, built in bookshelves, and a bright southern exposure. See floor plan and full details here.

750-Park-Avenue-01 750 Park Avenue, #8C (Douglas Elliman)
Windowed kitchen
Private balcony
From the Listing: Residence 8C is a light, bright one-bedroom with a beautiful terrace with views to the north, south, and east overlooking Park Avenue. Enjoy the lovely windowed dining area and spacious bedroom. The building is perfectly located amidst the finest shops and restaurants, one block from Madison Avenue, two blocks from Central Park and Fifth Avenue’s Museum Mile. See floor plan and full details here.

360-Furman-Street-01 One Brooklyn Bridge Park, #814 (Compass)
Open kitchen with integrated appliances
Primary bath with soaking tub and separate shower
From the Listing: Welcome to Apartment 814 at 360 Furman Street a stylish and spacious apartment with a separate sleeping area, 13-foot ceilings, and breathtaking east-facing views. As you enter the almost 900-square-foot apartment you immediately notice the oversized windows offering incredible views of the Brooklyn skyline and an abundance of natural light throughout the day. The well-appointed chef’s kitchen features high-end appliances, custom cabinetry, ample storage and counter space, and a breakfast bar that’s perfect for casual meals and entertaining. The spa-like bathroom is complete with modern fixtures, a separate glass shower, a deep soaking tub, and a double vanity. An in-unit washer/dryer, plenty of storage space including a 32-square-foot storage cage, and beautiful hardwood floors round out this special offering. See floor plan and full details here.

11-West-81st-Street-01 Hayden House, #1C (Redfin Real Estate)
Windowed kitchen with large pantry
Bedroom with en suite bath
From the Listing: This meticulously designed 1-bedroom, 1.5-bath co-op offers the perfect blend of luxury and sophistication. As you step into the gracious foyer, you’ll be greeted by a sun-drenched living room that is perfect for entertaining guests. The apartment boasts soaring ceilings, and hardwood floors throughout. The windowed eat-in-kitchen is a chef’s dream come true, featuring stainless steel appliances, ample counter space, custom cabinetry and a table that opens to the dining room. The sleek design and modern finishes make this kitchen a true work of art. The spacious bedroom is a tranquil retreat, featuring an en-suite bathroom with a large tub and separate shower. See floor plan and full details here.

585-West-214th-Street-01 585 West 214th Street, #4B (Brown Harris Stevens)
Foyer with arched entry and treetop views
Windowed kitchen
From the Listing: Welcome to your lovingly updated, park-facing, one-bedroom apartment, surrounded by trees and sky in commuter-friendly Inwood! A lovely blend of modern with classic touches from another time. Your generous foyer leads to a new, pristine white pass-thru kitchen with stainless steel appliances and abundant storage. The roomy, sunken living room overlooks the park, and enjoys classic picture molding as well as a California Closet storage unit. Your large corner bedroom takes in two park exposures with a bit of river, while the beautiful updated bath enjoys soaking tub, with tile in a gorgeous color, extra storage and tasteful finishes. This home has been additionally outfitted with custom solid wood doors featuring beautiful frosted glass, and timeless hardware. See floor plan and full details here.

721-Fifth-Avenue-01 Trump Tower, #33F (Keller Williams NYC)
Primary bedroom with Central Park views
Primary bath with separate soaking tub and window
From the Listing: With spectacular views of Central Park, this elegant 1,070-square-foot, designer renovated one-bedroom, one and one-half bathroom residence invites the ultimate in comfort and luxury. Upon entering the apartment, one steps into a lovely dining area with hardwood flooring which opens into the bright and spacious living room. Directly off the living room, the luxuriously proportioned primary bedroom offers a beautiful windowed en-suite bathroom, also with views of Central Park, and two custom designed closets. The kitchen, situated off the dining area, has been fully renovated to include granite countertops and top-of-the-line appliances. A beautifully appointed powder room is discreetly positioned off the foyer. See floor plan and full details here.

339-East-58th-Street-01 339 East 58th Street, #10AB (Douglas Elliman)
Windowed kitchen
Bedroom with beamed ceiling
From the Listing: This home is in very good condition and boasts wonderful light from three exposures. Details of the apartment include original prewar charm, hardwood floors, and abundant closet space. A proper entry foyer welcomes you. Adjacent is a separate kitchen with a large window facing west. The spacious living room and dining area are perfect for those who like to entertain. The living room and both bedrooms face south towards 58th Street. Additionally, the split layout of the two bedrooms and two bathrooms is convenient for both owner and guest alike. No board approval required. See floor plan and full details here.

125-East-72nd-Street-01 125 East 72nd Street, #12B (Compass)
Foyer leading to entertaining areas
Windowed kitchen with dining area
From the Listing: Phenomenal high floor four-bedroom plus home office and formal dining room now available in highly sought-after, pre-war full service cooperative. This home features expansive and grand rooms with soaring 12-foot ceilings and stunning extra-large windows all with open, bright and sunny exposures. Some of the many highlights are; the semi-private elevator landing, the grand and welcoming gallery, the spacious living room with wood burning fireplace, the chef’s kitchen with separate pantry, a corner primary bedroom with two exposures, pristine hardwood floors, and classic prewar details and charm throughout. See floor plan and full details here.

45-East-89th-Street-01 45 East 89th Street, #14D (Adriana Arciello)
From the Listing: Rarely available bright and sunny 2-bedroom 2-bath home has a large living room with balcony, separate windowed dining area, 9' ceilings, hardwood floors, washer/dryer, and terrific closet space throughout. All facing west with very pretty views and tons of light. Located in the heart of Carnegie Hill in one of the most sought after luxury full service buildings with every amenity. See floor plan and full details here.

160-West-66th-Street-01 3 Lincoln Center, #59F (Douglas Elliman)
Dining area and open kitchen
Primary bedroom with city views
From the Listing: Spectacular high floor extra-large 2-bedroom, 2.5-bath apartment with direct west exposure offering glorious sunsets over the Hudson River from every room. The amazing layout provides a gracious entry foyer with a separate powder room and large closet, two generously proportioned bedrooms each with en-suite bath, a large living/dining room for entertaining while enjoying the sweeping river/city vistas plus a well-equipped open kitchen. Other features include expansive windows, 9’ ceilings, hardwood floors and a washer/dryer in the unit. See floor plan and full details here.

35-40-82nd-Street-01 Stephen Hall, #4E (Douglas Elliman)
Windowed kitchen
Bedroom with large window
From the Listing: Located in the center of Jackson Heights, this beautiful one-bedroom offers huge rooms, 9' ceilings, foyer that can double as an office, and terrific closet space and hardwood floors throughout. The building is pet-friendly and has laundry, storage, a superintendent, and a porter. See floor plan and full details here.

16-West-77th-Street-01 16 West 77th Street, #15C (Douglas Elliman)
Windowed kitchen and dining area
Bedroom with beamed ceiling and large window
From the Listing: High above Central Park in a doorman building is this majestic home that plays host to broad proportions, spectacular views, brilliant southern light, beautiful hardwood floors, incredible tranquility, three generous bedrooms, two baths, private laundry room and enormous eat-in kitchen. This loft-like space is large enough for big gatherings while still having a wonderful sense of warmth for more intimate evenings. Let your culinary heart sing in this enormous eat-in kitchen with a large bay of windows, center island, and high-end appliances. Enter into your primary suite and take in rapturous views of Central Park. See floor plan and full details here.

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