158 East 61st Street and Emeril Legasse

One celebrity chef is betting the onset of the spring season will have prospective luxury property buyers on the hunt for a sizzling-hot bargain.

Star chef and television personality Emeril Lagasse is planning to reduce the asking price of his Lenox Hill townhouse by a cool $1.5 million, or 10 percent, to “take advantage of the spring market,” “Selling New York” brokers Michele Kleier and daughter Sabrina Kleier Morgenstern, who are listing the property, told The Real Deal today. [more]

From left: The priciest listing at 200 East 65th Street and the cheapest at 12 East 132nd Street

The priciest Manhattan listing to hit the market this week is a 5,678-square-foot, 11-room condominium unit at 200 East 65th Street in Lenox Hill that’s asking $20 million. The apartment, located on the 47th Street floor of the full-service building, is listed with John Burger and Margery Hador of Brown Harris Stevens. The least expensive Manhattan listing to hit the market this week is a two-bedroom co-op unit at 12 East 132nd Street in Central Harlem, asking $149,000. The unit is listed with Halstead Property. Click here for these listings and more. – Katherine Clarke [more]

The unit to see the biggest price cut today is a six-story townhouse at
158 East 61st Street, according to Streeteasy.com. The price of the
6,900-square-foot home was cut by almost $1.5 million, and the mansion
is now on the market for $11.5 million. The home was first available in August 2006 for $11.25 million and then had two price
increases, the first in March 2007 to $13.95 million, and a second in
May 2008 to $15 million. A year later, this past May, the price fell to
$13 million. The home is now listed for 12 percent less than its last
listing price of $13 million, and is just $250,000 more than its
original 2006 listing. Brown Harris Stevens’ Wolf Jakubowski and Paula
Del Nunzio have the listing. According to city records, the home was
last purchased in 2005 for $3.6 million. TRD
[more]

The unit to see the biggest price cut today is a townhouse at 158 East
61st Street, according to Streeteasy.com. The price of the
6,900-square-foot home was lowered by $2 million, and it is now on the
market for $13 million. The asking price is 13 percent less
than its last listing price of $15 million. According to
Streeteasy.com, the home first went on the market in August 2006 for
$11.25 million, and the price increased to $13.95 million in March
2007, and then to $15 million in May 2008. Brown Harris Stevens’ Paula Del Nunzio and Wolf Jakubowski
have the listing. TRD
[more]