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1049 Fifth Avenue via Corcoran 1049 Fifth Avenue via Corcoran
As 349 apartments throughout New York demonstrate, price reductions should not be interpreted as a sign of a serious flaw, but rather a reflection of market realities. Sometimes, as in the case of a three-bedroom condo at 56 Leonard Street reduced by $2 million, or 15.6%, the supply of fabulously luxurious apartments in glittering new buildings has far outstripped demand. Sometimes the apartment itself is not the deterrent, but rather the building—three listings in Trump-branded condominiums are obvious examples, but so is a duplex in River House, where an $11.5 million price cut may attract interest, but not necessarily get would-be buyers past the prestigious co-op’s notoriously draconian board.

While that listing's new $12 million price may still be out of buyers’ reach, other price reductions may bring their apartments further down to earth and therefore on more buyers’ radars. We have compiled the most dramatic drops to come in over the past week. Please be advised that the following figures reflect cumulative price cuts and not the most recent reductions.

970-Park-Avenue-1 All images of 970 Park Avenue via Douglas Elliman
970-Park-Avenue-2 Kitchen
970-Park-Avenue-3 Bedroom
Classic five in a prime Upper East Side location has a gorgeous layout, 10' ceilings, ten oversized windows, elegant moldings, hardwood floors, and generous closet space. The grand living room flows seamlessly into the formal dining room to create an entertaining expanse. The kitchen has been renovated with granite counters and high-end appliances. See floor plan and full details here.

201-East-66th-Street-1 All images of 201 East 66th Street via Warburg
201-East-66th-Street-2 Dining area
201-East-66th-Street-3 Bedroom
No detail was overlooked in the full renovation of this high-floor home, but its oversized windows and open city views were impossible to improve upon. The kitchen offers custom cabinetry, Caesarstone counters, and stainless steel appliances. Additional features include hardwood floors, intimate dining alcove, luxurious master bath, and abundant custom closet space. See floor plan and full details here.

110-Central-Park-South-1 All images of 110 Central Park South via Douglas Elliman
110-Central-Park-South-2 Kitchen
110-Central-Park-South-3 Bedroom
Expansive, beautifully proportioned apartment allows for luxurious living right on Central Park. The Poggenpohl kitchen comes outfitted with top-of-the-line appliances. The master bedroom enjoys incredible light from south and west exposures, a custom walk-in closet, and bath with double sinks and separate tub and shower. See floor plan and full details here.

130-West-17th-Street-1 All images of 130 West 17th Street via Compass
130-West-17th-Street-2 Kitchen
130-West-17th-Street-3 Bedroom
Spacious loft in a former handbag factory retains industrial details like soaring ceilings, exposed brick, oversized windows, and open space. However, the open chef's kitchen, creative closets, and marble master bath are everything the modern buyer could possibly want. Windows facing north, south, east, and west fill the entire apartment with light. See floor plan and full details here.

455-East-57th-Street-1 All images of 455 East 57th Street via Fox Residential Group
455-East-57th-Street-2 Living room
455-East-57th-Street-3 Foyer
Large rooms, oversized windows, and a living room with a wood-burning fireplace provide great bones for the creation of a dream home in a private Manhattan enclave. The kitchen is windowed, and both bedrooms have windowed en suite baths. The building allows pets and washer/dryers. See floor plan and full details here.

1049-Fifth-Avenue-1 All images of 1049 Fifth Avenue via Corcoran
1049-Fifth-Avenue-2 Dining room
1049-Fifth-Avenue-3 Bedroom
Triple-mint apartment across the street from Central Park boasts coffered ceilings, herringbone rosewood floors, well-crafted built-ins, and Sonos speakers in the wall and ceiling of the entertaining rooms and bedrooms. A formal dining room is accessed through pocket doors off the grand living room. The windowed kitchen has granite counters and floors and high-end appliances that include a wine refrigerator and washer/dryer. See floor plan and full details here.

860-United-Nations-Plaza-1 All images of 860 United Nations Plaza via Sotheby's
860-United-Nations-Plaza-2 Kitchen
860-United-Nations-Plaza-3 Bedroom
High-floor, south-facing duplex enjoys beautifully designed interiors, sumptuous woodwork, and river and city and views throughout. The Great Room's two seating areas, built-in bar with granite top, and wood-burning fireplace make it a natural setting for entertaining. The formal dining room is right next to the eat-in chef's kitchen with custom cabinetry and high-end appliances. See floor plan and full details here.

23-West-73rd-Street-1 All images of The Park Royal via Carol E. Levy Real Estate
23-West-73rd-Street-2 Bedroom
23-West-73rd-Street-3 Private terrace
Central Park is just steps away from this duplex penthouse, but a private terrace offers peaceful outdoor space and gorgeous city views. Interior features include 12' ceilings, floor-to-ceiling picture windows, central air conditioning, new windowed kitchen, loft storage, and washer/dryer. The master suite offers terrace access and a luxurious bath. See floor plan and full details here.

25-East-End-Avenue-1 All images of The Yorkgate via Corcoran
25-East-End-Avenue-2 Den
25-East-End-Avenue-3 Bedroom
Breathtaking East River views and abundant light from four exposures serve as a stunning backdrop for this grand full-floor home in a pristine prewar building. The living room is divided into two spacious rooms and features a wood-burning fireplace and built-in bar. Additional features include a formal dining room, windowed chef's kitchen, formal den with wood-burning fireplace, luxurious master suite, and bedrooms with en suite baths. See floor plan and full details here.

24-West-55th-Street-1 All images of Rockefeller Apartments via Brown Harris Stevens
24-West-55th-Street-2 Bedroom
24-West-55th-Street-3 Private terrace
Bright apartment in a classic Art Deco building enjoys triple exposures, open city views, and a private terrace off the master bedroom to further enjoy them. Interior features include floor-to-ceiling windows, raised ceilings, original herringbone oak floors, and central air conditioning. The windowed master bath has a Jacuzzi tub and separate shower stall. See floor plan and full details here.
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