Price Cuts

Biggest Price Drop of The Day

 

 

2 east 67th street living room

2 east 67th street living room

Something For The Haves.

2 east 67th street. A super meaty cut. From $15,000,000 down to $12,000,000 a whopping 20%.

Show Me The Numbers.
2 east 67th street
7 room Co-op designed by Rosario Candela
$12,000,000
$10,589 maintenance
2 Bedrooms
2 Bathrooms
12′ ceilings
1 Library
1 Pantry
1 Servant’s Hall
2 Staff Bedrooms

Biggest Price Cut of The Day

Biggest Price Cut of The Day- Courtesy of OLR.

Something For The Haves.

17 west 64th street- The Penthouse-from $4,750,000 to $4,495,000 not a huge cut today with only a 5.5% drop of $255,000. This apartment has only been on the market for 4 weeks and is listed by Jill Sloane of Halstead Properties.

Show Me The Numbers.

17 West 64th Street- Co-operative.
$4,495,000
1400 Square Feet
$3120 maintenance
3 Bedroom
2 Bathroom
1 Wraparound Terrace
1 Wood Burning Fireplace

Biggest Price Cut of The Day

Something For The Haves.

And here it is, not a scalpel but a machete was used today to hack away at 655 Sixth Avenue-The O’Neil Building
#5B reducing the value from $5,995,000 to $5,000,000, a slice equal to 16.6%. Boy that’s a nice, slice.
Listed by John B. Gomes- Core Group Marketing

Can I get a drum roll please as we play…

Show Me The Numbers.

655 Sixth Avenue – A condominium
$5,000,000
1887 Erected
2989 Square Feet
3 Bedrooms
3.5 Bathrooms
1,491 Common Charges – not bad at all
3,141 Taxes – excuse me while I scream “What the *#!K?”
14 foot ceilings
36 x 28 Living Room

Biggest Price Cut Of The Day

Something For The Haves.
A huge drop today at 166 east 61st street from $2,500,000 to $1,995,000. An axe was taken to this listing price with a $505,000 cut or 20.2% according to OLR.

Show Me The Numbers.

166 east 61st street
$1,995,000
1983 Co-Operative
$3909 maintenance -(ouch!)
3 Bedrooms
3 Bathrooms
2 Views looking East and South

Listed by Richard M. Silverman of Belmarc Realty

Biggest Price Cut Of The Day

I love The Real Deal, I truly do but they continue to report inaccurate information on a daily basis when it comes to the daily price cut. And again today is no different. They source Streeteasy for the biggest daily price cut but Streeteasy is 24 hours behind with the information it collects. There is a real time source that is flawless by nature as it is controlled by the brokerage community. When a listing changes the listing broker makes those changes within a database that is sent to all other databases accessible by any licensed brokerage house. That is the source that is used by nylsblog.com.

So, today’s biggest price cut is 55 Vestry Street #8C. The price cut is a whopping $2,045,000. A 22.7% price cut. The price dropped from $8,995,000 to the new price of $6,950,000. That is huge news.

Show Me The Numbers.

55 Vestry St. Condominium

$6,950,000

$3284 common charges

2644 Square Feet

3 bedrooms

3.5 bathrooms

22 foot ceilings

Biggest Sales Price Drop Of The Day

According to The Real Deal they had it down for $205,000 for 875 Fifth Avenue listed by  The Modlin Group’s Reuben Davis. The Real Deal sourced the information from Streeteasy.
However, they are way off with their reporting today. The biggest price drop is for 80 Riverside Boulevard for a staggering $750,000 off the listed price by Alon Chaddad of Nestseekers International.  With the price cut you can now pick up the combination 8 (yes eight) bedroom unit for a cool $13,500,000.

I’ll take two wrap them in blue.

 

 

From $33 million to $29 million- I’ll Take 2 Wrap it in Blue

[CityFile]Mortgage company founder Steven Schnall and his wife Sherri have dropped the price of their massive townhouse at 2 North Moore Street less than three months after putting it back on the market for $33 million. The 11,000-square-foot mansion is now listed with Deborah Grubman for the bargain price of $29 million. Get it while it’s hot! [Corcoran]

The Apthorp Reduce Prices Must Sell By September Deadline

The Apthorp Courtyard

The Apthorp Courtyard

NY Apartment Updates: THE Apthorp, one of New York’s grandest apartment buildings with a sprawling interior courtyard and vaulted limestone arches has been wracked with contentious disputes, feuding partners, lenders threatening to foreclose but now there’s calm after the storm.
[NY Times]Asking prices on the condominiums fell to an average of $1,950 a square foot from $2,400 to $3,000, at least for the buyers of the first 25 or so apartments that must be sold before the condo plan can be declared effective.

Will the many celebrities that have been considering a purchase at this noble establishment Alec Baldwin, Sarah Jessica Parker, Matthew Broderick, Tommy Mottola, return now that the dust has settled? Will they be seduced now the prices are even more affordable despite the fact that they are the only one’s who could afford them in the first place?