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NYC apartments with substantial asking price reductions NYC apartments with substantial asking price reductions
In the world of New York real estate, it is fascinating to see how one digit can make such a difference in the mindset of apartment hunters. Multi-million-dollar listings can be daunting for the non-luxury buyer, but seeing an apartment reduced to six figures suddenly makes it seem more attainable. Even a price of $999K can appear friendlier than $1 million.

The phenomenon has come up often among the top ten listings throughout New York that have experienced price reductions in the past week. Please note that the following apartments show cumulative cuts and not the most recent price chops.

In this article:

The Excelsior, 303 East 57th Street
The Excelsior, 303 East 57th Street Midtown East
W Residences, 123 Washington Street
W Residences, 123 Washington Street Financial District
45 Park Avenue
45 Park Avenue Murray Hill
Chelsea Mews, 148 West 23rd Street
Chelsea Mews, 148 West 23rd Street Chelsea
397 West 12th Street
397 West 12th Street West Village

45-Park-Avenue-1 All images of 45 Park Avenue via Nest Seekers
From the listing:
A pristine Murray Hill condo saturated with natural light, this home is an elegant portrait of classic city living. Features of this apartment include beautiful hardwood floors, central heating and cooling, huge floor-to-ceiling windows, charming Juliet balconies, a convenient in-unit washer/dryer, and a collection of high-end fixtures and finishes.

Beyond a tasteful foyer adorned with a large coat closet, the home flows into a spacious living and dining area with northern exposure. Adjacent to the dining space is a gorgeous kitchen equipped with a pass-through, sleek granite countertops, custom cabinets, and a suite of high-end stainless steel appliances from Viking and Sub-Zero.
See floor plan and full details here.

148-West-23rd-Street-1 All images of Chelsea Mews via Keller Williams
From the listing:
The owners of this special loft meticulously renovated every inch to maximize space, function and style. Imagine coming home and entering your floating foyer which overlooks your tremendous living/dining space with dramatic 18' ceilings.

The gourmet chef's kitchen is perfect with a large breakfast island that is fully encased in Carrara marble, including waterfall siding. A stunning industrial floating staircase with a central Herman Miller chandelier punctuates the chic design of this home. Oak floors throughout.
See floor plan and full details here.

201-West-70th-Street-1 All images of Sherman Square via Akam
From the listing:
Full-service cooperative near Lincoln Center offers the services of a 24-hour doorman, concierge, gym, parking, laundry room (or add your own washer/dryer!), bike storage, roof deck, driveway for loading and unloading.

Features include a beautiful kitchen, bath, floors, ceiling, molding, HVAC/AC system, king-sized bedroom, and great storage and closets.
See floor plan and full details here.

248-West-138th-Street-1 All images of 248 West 138th Street via JCS Homes and Estates
From the listing:
Step back into 19th-century opulence as you walk into this rare 22 foot wide, 22' x 57' restored Striver's Row Georgian Revival Style Harlem Brownstone located in the St. Nicholas Historic District. (Striver's Row refers to both sides of 138th and 139th Streets in Harlem, between Frederick Douglas and Adam Clayton Powell Boulevards.) Enter electronically gated alley and drive to your home's two-car attached garage. This five-floor house has been featured in various movies and on TV. See floor plan and full details here.

397-West-12th-Street-1 All images of 397 West 12th Street via Compass
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From the listing:
This meticulously maintained, loft-like home boats an abundance of natural light and offers privacy mostly found in a townhouse. A semi-private elevator opens directly onto an entry foyer which leads into an enormous open plan living space flooded with sunlight from multiple casement windows facing both south and west, to the Hudson River. This area includes a lounge, double home office, dining room and formal living area that centers around a phenomenal custom kitchen with the best appliances and cabinetry.

All four bedrooms are situated in a private wing on the north side of the apartment that feels like a bright and quiet retreat. The gracious master boasts two custom walk-in closets and an en-suite bath with double vanity and radiant heated floors.
See floor plan and full details here.

244-East-90th-Street-1 All images of 244 East 90th Street via Metropolitan Res. Partners
From the listing:
This apartment has hardwood floors, a large kitchen with tiled floor, renovated bathroom as well as two large closets in the bedroom. The unit faces the building's backyard, so it's very quiet and is located directly across from Rupert Park, with convenient proximity to mass transit: NYC Subway, the Q is around the corner and all city buses. See floor plan and full details here.

41-Overlook-Terrace-1 All images of 41 Overlook Terrace via Elliman
From the listing:
Step inside this newly renovated sun-drenched top-floor apartment and be greeted by open unobstructed views and light in the enormous living room with wood floors with separate dining area off the renovated kitchen which comes with new stainless steel appliances including dishwasher, new granite countertops and cabinets. This spacious apartment has tons of closets and a large king-sized bedroom and new bathroom. See floor plan and full details here.

516-West-47th-Street-1 All images of Clinton West via Red Star New York
From the listing:
This apartment in a full-service building features a split layout with two large bedrooms and a very flexible floorplan for a variety of users. Kitchen features granite countertops, mosaic tile backsplash, maple wood cabinetry, stainless steel refrigerator, dishwasher and stove with a vented microwave hood.

Large living room, light color bamboo floors, great light and great closet space including a walk-in closet in the master bedroom. Baths feature a full-width granite vanity and tub with heated ceramic floors.
See floor plan and full details here.

123-Washington-Street-1 All images of W Downtown Hotel & Residences via VHT Studios
From the listing:
Enjoy views of the 9/11 Memorial Park, the Statue of Liberty, the Hudson River, the iconic Manhattan skyline, and beyond from every window of your residence. W Hotel signature WHATEVER/WHENEVER ® service and hotel amenities are available to residents. See floor plan and full details here.

303-East-57th-Street-1 All images of The Excelsior via Compass
From the listing:
Immense living room with a large South facing outdoor space is an ideal layout for entertaining, opening to formal dining area bathed in natural light. Custom eat-in kitchen can be accessed from both the living room and dining area. Master bedroom suite encompasses custom made closets, his-and-hers windowed bathroom with a separate changing area made complete with unobstructed city views.

Second bedroom featuring an en suite bathroom and custom closets is spacious enough to accommodate king size bed and other furniture. A meticulously designed residence – finished with all natural wood floors, crown and base molding, Venetian plaster throughout is a must-see to truly appreciate. Two bedrooms easily convertible into a three bedroom, two bathrooms and a powder room with endless closets, new sound-proof picturesque windows, and central air conditioning create a wonderful oasis.
See floor plan and full details here.

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?