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A blog from CityRealty (Links below will take you to the 6sqft site)


The Beekman Residences, 5 Beekman Street, #24B  (Sothebys Intl Realty) The Beekman Residences, 5 Beekman Street, #24B (Sothebys Intl Realty)
Manhattan real estate is a well-known as a safe investment. Even in this deep buyer's market and the unprecedented situation surrounding it, approximately 3/4 of apartments sold between 2014 and 2020 are asking an average of 18% more above their original purchase price (figures per CityRealty data and current listings). At the same time, a quarter of the returning listings that sold after 2014 are available for less than the prior sale.

Sellers have various reasons for wanting to offload their apartments quickly, even if that means taking a loss on the sale. Some may have lost or struggled with their businesses in the economic fallout. Some might have found that renting an apartment out was not as profitable as they had hoped, but they might be eligible for more favorable tax treatment. And still others might wish to decamp to another locale immediately (think Donald Trump Jr. moving to Florida).

It must be noted that selling in a down market presents incredible opportunities for deal searchers. The market is beginning to find its footing with buyers taking advantage of lower price points and purchasing faster than they were during this time period in 2019. When the pandemic fades and some semblance of normalcy returns, these buyers may very well reap tremendous rewards on their investments. In the meantime, see a selection of apartments where the owner is poised to sell at a substantial loss.

123-Washington-Street-01 All images of W Downtown Hotel & Residences via Compass
From the Listing: Located on the thirtieth floor of the building, this newly renovated one-bedroom boasts unobstructed northern views of New York's most iconic buildings. The interior is seamlessly designed and crafted for the ultimate in modern living, featuring a sleek white lacquer kitchen with concealed stainless-steel Miele appliances. Interiors include ebony stained maple wood floors, an oversized bathroom featuring Italian crocodile-textured ceramic tiling and towel warmer, and an in-unit washer/dryer. See floor plan and full details here.

10-East-70th-Street-01 All images of 10 East 70th Street via The Corcoran Group
From the Listing: Perfectly situated mid-block on East 70th Street just off Fifth Avenue, this distinguished and elegantly proportioned two bedroom and two and a half bathroom home offers captivating views over The Frick Collection to Central Park. The entire apartment has been impeccably renovated and is flooded with light through wall-to-wall windows - a quality shared by every room. A separate foyer opens to an expansive entry gallery from which all rooms are approached. The particularly spacious 26' x 15' living room is punctuated by handsome custom bookshelves and includes a marvelous sweep of views to Central Park. See floor plan and full details here.

5-Beekman-Street-01 All images of The Beekman Residences with Sotheby's International Realty
From the Listing: Enjoy the convenience of downtown's most dynamic new neighborhood and the magnificence of The Beekman Hotel and residences. A gallery entry leads to the open north/east corner living room, dining area and designer kitchen. Floor-to-ceiling windows provide scintillating light, breathtaking sunsets and night-time twinkling views. The chef's kitchen boasts Miele appliances, wine chiller, stone counters and cabinetry galore. The king-sized bedroom has custom closets and striking City Hall views. The plush limestone bath includes a large soaking tub, sumptuous glass enclosed shower, hand held sprayers and custom vanity. Additional customized closet space, washer/dryer and motorized shades throughout make this luxury one-bedroom a “bring your suitcase” and move right in experience. See floor plan and full details here.

4-West-21st-Street-01 All images of 4 West 21st Street via Douglas Elliman
From the Listing: Mint condition three bedroom, three bathroom with washer/dryer, central-air conditioning, full-time doorman and amazing location in the heart of Flatiron! Enter into a graceful gallery and immediately take in the huge living room with high ceilings, floor to ceiling windows and amazing built-ins! Beautiful wide-plank hardwood floors, central air-conditioning and modern finishes are just some of the luxury features of this home. An enormous kitchen with stainless steel integrated appliances, endless custom cabinets, stone counters and a large center island are the perfect setting for your culinary skills. See floor plan and full details here.

250-East-30th-Street-01 All images of The Sycamore via Compass
From the Listing: Enjoy the expansive city views, including the iconic Empire State building, through the oversized windows that flood the apartment with light throughout the day. The well-designed floor plan offers a gracious foyer that opens into a spacious living room with a pass-through kitchen and accompanying pantry. Both of the 2 bedrooms are generous in size and the master includes an en suite bathroom with a shower and a tub, plus abundant closet space throughout too! The beautifully, just refinished, solid-wood floors and the 'highly desirable' washer/dryer(vented), makes this home complete. See floor plan and full details here.

101-Leonard-Street-01 All images of The Leonard via Compass
From the Listing: Welcome home to this generously sized loft-like one bedroom one and a half bathroom with an additional home office/den perfectly positioned in the heart of TriBeCa. This luxurious south facing apartment with 10.5 ft. ceilings and European oak flooring is pin-drop quiet overlooking Leonard Street. The sleek, open Biefbi custom Italian kitchen with abundant counter space is fit for a chef featuring a Liebherr refrigerator, Grohe fixtures, vented Miele stove and Miele dishwasher. The bedroom can easily fit a king bed and contains two closets, one being a large walk-in. The elegant ensuite bathroom is outfitted with limestone tiles, a vanity sink, backlit mirrors and has tons of storage. A storage unit is included in the sale. See floor plan and full details here.

101-West-24th-Street-01 All images of The Chelsea Stratus via Compass
From the listing: Enter through your lovely and spacious foyer into a large living room which boasts views of the city including the Freedom Tower. The open kitchen is outfitted with Macassar Ebony wood cabinetry, Pietra Cardosa stone countertops, Fisher and Paykel double drawer dishwasher, and a GE refrigerator, cooktop stove, and microwave. Both bedrooms feature custom closets and floor-to-ceiling windows. There are hardwood floors and custom fitted window treatments throughout, 6 closets, and 9'3" ceilings. Additional features include central air conditioning, a washer/dryer, and a huge deeded storage bin. See floor plan and full details here.

640-West-End-Avenue-01 All images of 640 West End Avenue via Compass
From the Listing: This stunning corner three-bedroom, two-and-a-half bathroom condominium apartment underwent a thorough renovation. The side-by-side living room and dining room boast rich restored original architectural details including an elaborate plaster ceiling in the living room, pocket French doors and carved wood paneling with built-in leaded glass cabinets in the dining room. The eat-in kitchen incorporates ample custom white-lacquer kitchen and pantry cabinetry, Sub Zero and Miele appliances and a custom poured-concrete floor, countertop and sink. Additional features south-facing exposures in each of the three bedrooms, a corner master bedroom with poured-concrete bathroom, built-in closets and shelving throughout, a Nest-controlled central air conditioning system, a Sonos sound system, and an enclosed storage room located in the basement. See floor plan and full details here.

323-Park-Avenue-South-01 All images of 323 Park Avenue South via Compass
From the Listing: This massive unit feels even larger with high ceilings and oversized, wall-to-wall windows filling the open floor plan with natural south-facing sunlight and quintessential New York City views. When you want some privacy, take advantage of electric shades controllable by remote to set the right mood for peace and serenity. Wide-plank hardwood floors throughout the home create an essence of warm richness and tie together the separate living room, dining room and chef's kitchen. Perfect for hosting dinner parties, the professional-grade kitchen comes equipped with an eat-in breakfast bar and top-tier appliances including a Bosch dishwasher, Wolf oven, Viking cooktop, built-in Miele espresso machine and a Sub-Zero refrigerator and wine cooler. See floor plan and full details here.

465-Park-Avenue-01 All images of Ritz Tower via Douglas Elliman
From the Listing: This superb, recently renovated, two bedroom/two bath apartment on Park Avenue and 57th Street in the tower of the Legendary Ritz Tower, is now converted into a remarkably elegant one bedroom unit, with impressive entertaining space incorporating a formal home office (formerly second bedroom and bath). The sumptuous master bedroom has an en suite bathroom, large dressing room, and an enormous amount of closet space with large windows. The apartment has magnificent panoramic, open, city views to the North, South and West. White marble floors through-out, replaced single pane windows, discreet ceiling lighting, central air conditioning, ample built-in closets, enlarged stainless steel kitchen, updated bathrooms and motorized window shades all reflect a sophisticated aesthetic and contribute to this beautiful gem. See floor plan and full details here.

101-West-24th-Street-01 All images of Chelsea Stratus via Douglas Elliman
From the Listing: This highly coveted 3 bedroom and 2.5 bath penthouse has two private terraces, a fireplace, and soaring 11' ceilings. The impressive entry gallery is an art lover's delight. The enormous loft like great room faces south and east with floor to ceiling windows and is perfect for entertaining. The windowed eat-in Kitchen has a 36' Sub-Zero refrigerator, Wolf cook top and oven, a Viking microwave, and a Fisher & Pykel double dishwasher and wine fridge. The primary bedroom faces north and east with a private terrace with Empire State Building views, floor-to-ceiling window with dramatic Clock Tower views, and an en-suite spa-like bathroom. See floor plan and full details here.

50-United-Nations-Plaza-01 All images of 50 United Nations Plaza via Brown Harris Stevens
From the Listing: This spacious and flowing 1 Bedroom, 1 Bathroom plus Powder Room condominium residence is now being offered for sale. Living and Dining Room with floor to ceiling windows allow sunshine and light all day. An exclusive valet parking spot is also available for purchase with this home. The bath has a Poliform teak vanity, Kohler ironworks soaking tub, Duravit water closet and bidet, radiant heat floor and Dornbracht fittings. The kitchen is outfitted in Poliform white lacquer cabinetry, honed absolute black granite countertops and Miele, Sub-Zero and Bosch appliances. The Noir du Roi marble floors provide the back drop for the dramatic Powder Room. Miele washer and dryer is included. A Sponsor funded carrying cost subsidy is in place until June 2022 resulting in discounted common charges for each unit. See floor plan and full details here.

965-Fifth-Avenue-01 All images of 965 Fifth Avenue via Douglas Elliman
From the Listing: A gracious gallery welcomes you to this six room, prewar residence in an Emery Roth-designed cooperative. Enjoy sweeping views of Central Park from the grand living room and master bedroom. The master suite is completed by two large closets and an en suite bathroom. The second bedroom has ample closet space and an en suite bath. From the opposite end of the gallery, enter the formal dining room, which is perfect for entertaining. This elegant layout is completed by a well-proportioned kitchen, large staff room, and full staff bath. The apartment's classic details include beautiful beamed ceilings and herringbone hardwood floors. See full details here.

240-Centre-Street-01 All images of The Police Building via Douglas Elliman
From the Listing: Voluminous light-bathed duplex loft in an iconic prewar gem, NYC's prestigious and unique Police Building at 240 Centre Street. A true exceptional architectural landmark, this stunning classic yet contemporary 1-bedroom, 1.5-bath residence is a loft-lover's dream in a prime location in Nolita. Soaring ceilings, beautiful hardwood floors, original details and refined finishes are complemented by generous windows brightening the ambience all day. Relax or host guests in the spacious open living and dining room punctuated by double-height ceilings, thin graceful columns into the open kitchen, and massive 10-foot east-facing windows overlooking Centre Market Place. See floor plan and full details here.

35-Sutton-Place-01 All images of 35 Sutton Place via Brown Harris Stevens
From the Listing: Enter into a wide open floorplan with large living room, dining room, and sun room with bright views facing west including the magnificent 59th Street Bridge. A large walk-through kitchen has Bosch dishwasher, Sub-Zero refrigerator and freezer, and six-burner stove making it a chefs delight. A home office offers a spacious extra room which could be used for work, exercise, or even a small sleeping area. The primary suite has bright views facing west where sunsets will delight the next owner, and views of the 59th Street Bridge are also seen from this bedroom. See floor plan and full details here.

400-East-52nd-Street-01 All images of Southgate via Douglas Elliman
From the Listing: This beautiful residence in an Emery Roth-designed building near the East River is perched on a high floor with a lengthy terrace facing south and east with bright open views! This comfortable, quiet and airy home has a large windowed kitchen with state of the art appliances including a five-burner Fisher Paykel range and dishwasher and lengthy Burlington Elterwater stone counters. The serene and spacious primary bedroom has a gorgeous marble windowed bathroom with a large shower stall and Dornbracht fixtures. See floor plan and full details here.

502-Park-Avenue-01 All images of Trump Park Avenue via Compass
From the Listing: The epitome of elegance, this stylish 4-bedroom, 6.5-bath condo with a huge terrace in the sought-after 502 Avenue was designed for luxurious comfort. With 4,555 square feet of meticulously-appointed living space and a wonderful 1,462-square-foot private terrace, you, your family and guests will enjoy the finest New York has to offer whether you're in or outdoors. The uniquely laid out floor plan seamlessly accommodates entertaining, while affording privacy for the sleeping quarters. The welcoming entry gallery that greets you leads to another wide open gallery area that stretches from the living room and library on one side, to the formal dining room/den on the other creating an open, airy flow across the home for natural light and hosting gatherings. See floor plan and full details here.

303-East-57th-Street-01 All images of The Excelsior via Brown Harris Stevens
From the Listing: Be the first to live in this newly renovated luxury 3-bedroom light-filled home with a large balcony, sunrise and sunset views, ultra high-end finishes, over-sized sound-proof windows, 11 custom-fitted closets, all in one of the most sought-after concierge buildings on the east side. This combination home was designed for entertaining, with an expansive living room flooded with light & open views of the Manhattan skyline from the north, south and west. Entertain guests in the separate large dining area while watching the sunset and the twinkling city lights emerge, or watch the sunrise from the east in two king-sized en suite bedrooms. See floor plan and full details here.

12-Beekman-Place-01 All images of 12 Beekman Place via Douglas Elliman
From the Listing: This light-filled one bedroom home measures over 900 square feet and features the original, and still beautiful, parquet floors. There is a windowed kitchen with lots of counter and cabinet space. The living room is 30 feet long with room for separate media and dining areas. In addition, the former dining L is ideal for a home office. The bathroom is off a bedroom hall, allowing access for guests, when entertaining, while keeping your bedroom private. There are fantastic closets including a dressing room size closet in the bedroom. The apartment features a touch of prewar elegance with postwar architecture including expansive windows with views to the beautiful townhouses and treelined streets of Beekman Place. See floor plan and full details here.

10-Little-West-Street-01 All images of The Residences at The Ritz-Carlton New York Battery Park via Compass
From the Listing: Iconic city and harbor views fill every room of this exquisitely updated convertible four-bedroom, five-bathroom duplex with private outdoor space in the illustrious Residences at The Ritz-Carlton Battery Park. Beautifully reimagined to maximize sunlight and flow, this elegant 3,513-square-foot home invites you to discover picture-postcard views of Hudson River, Harbor and One World Trade Center from the sprawling corner living room. Floor-to-ceiling walls of windows wrap the high-floor haven from west to north while herringbone hardwood floors and a fireplace add warmth. French doors reveal a breathtaking study that opens to the massive 47-foot-long terrace to create the perfect indoor-outdoor work-from-home space. See floor plan and full details here.

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