The Real Deal New York

The biggest price cuts on luxury pads this week

Co-op in the UWS received the biggest price reduction
By Miriam Hall | March 01, 2017 07:00AM

This townhouse is putting the chop in “Chopsticks.”

The former Carnegie Hill home of the F.A.O. Schwarz family — whose flagship store played host to Tom Hanks’ famous piano scene in “Big” — saw one of the sharpest price reductions last week.

In total, nine homes in the over-$10 million market received price reductions north of 5 percent between Feb. 20 through Feb. 27, according to data from StreetEasy. Some of them have been slashed by several million dollars, and many received their second price cut in a matter of months.

Here’s a look at the biggest chops in New York City for the week:

2166 Broadway, Penthouse

2166 Broadway, Penthouse 
Previous Price: $11 million
Current Price: $9 million
Percentage Drop: 18 percent

First listed in September, the price of this penthouse has fallen by $3 million in the last six months. The five-bedroom, four-bathroom place was initially asking $12 million, but was reduced by 9 percent in early January.  Last week, another 18 percent, or $1.9 million, was shaved from the price tag.

The “loft-like” unit has 16-foot cedar ceilings, a wood-burning fireplace, south and north terraces, 12 windows and “multiple skylights.” There are two private wings for the bedrooms and bathrooms, and the apartment also features an artist’s studio. Dovie Wingard of film distribution company Kino Lorber owns the unit, according to PropertyShark.

Built in 1930, the co-op building is known as “the opera” and was designed by architects Tillion & Tillion. Originally a church and a hotel, it has 113 units on 23 floors, according to StreetEasy.

Rhea Cohen and Curtis Jackson of Brown Harris Stevens TRData LogoTINY has the listing. They were not available for comment.

838 Carroll Street 
Previous Price: $12.8 million
Current Price: $10.8 million
Percentage Drop: 16 percent

One of Brooklyn’s most expensive listings is not quite as expensive anymore. First listed in March last year, this Romanesque Revival-style Park Slope townhouse was once asking $15 million, or $1,800 per square foot, making it the priciest home in the neighborhood. Two reductions later, its on the market for the more muted $10.8 million.

Built in the 1880s, the 32-foot-wide brownstone is known as the Remington House. It features eight bedrooms, eight bathrooms and a garden apartment that would be, according to the listing, “perfect for use as an in-law or au pair suite.” The sellers, Jeanne and Joseph Accetta, paid $3.8 million for the property in 2014, and gave it a gut renovation. The priciest home ever to sell in Brooklyn was at 177 Pacific Street, which closed at $15.5 million in 2015. However, that record may soon be broken, as Kusher Companies’ townhouse at 27 Monroe Place, last asking $16 million, is now under contract.

Last month, the most expensive listing in the borough was 14 College Place, asking $11.5 million.

Lisa Interdonato, Raymond Dillulio, Fredrik Eklund and John Gomes of Douglas Elliman have the listing at 838 Carroll Street. Dillulio declined to comment, and the other brokers could not be reached.

8 East 93rd Street 
Previous Price: $12.8 million
Current Price: $11 million
Percentage Drop: 13 percent

First listed in April for $14.5 million, this five-story home has been reduced twice. Last week, it was slashed by 13 percent, and is now on the market for $11 million. Once home to the family of F.A.O Schwartz, the Carnegie Hill townhouse is 20 feet wide and features nine bedrooms.

The home spans 5,700 square feet and has “multiple outdoor spaces,” according to the listing.

Caylyn Sullivan and Jed Garfield of Leslie J. Garfield have the listing.

“Carnegie Hill in particular has been hard hit — there are several properties on the market over $10 million,” said Garfield, adding that there’s been increased interest in the house since the reduction. “In this particular case it’s an estate sale — so they wanted to get it sold.”

132 East 70th Street 
Previous Price: $24.5 million
Current Price: $21 million
Percentage Drop: 12 percent

This six-bedroom, five-bathroom townhouse hit the market last May asking $28.5 million. It was reduced by $4 million in November,  and was slashed again last week by 12 percent.

The townhouse was designed by Herbert Baer in 1913 for Julius Goldman of the Goldman Sachs family. It spans more than 7,000 square feet and has additional buildable square footage. With six bedrooms and 12-foot ceilings, it was designed by architect Herbert Baer and has a neo-Georgian style facade and many of its original details. The owner of the property, according to city records, is George Papagitos.

Stribling’s Beatrice Ducrot has the listing. She was not available to comment.

58 West 9th Street
Previous Price $17 million
Current Price $15 million
Percentage Drop: 12 percent

This Greenwich Village townhouse hit the market asking $17 million in August, and last week was slashed by $2 million. The four-bedroom, two-bathroom townhouse is owned by the CEO of Urban Outfitters Glen Senk, and his husband Keith Johnson, who was previously a buyer for Anthropologie. The couple paid $8.3 million for the place in 2012, and then did a gut renovation, converting it back into a single family home and adding a chef’s kitchen with a wood-burning fireplace and a dining room with murals done by students from the New York Studio School.

The home was featured in Harpers Bazaar in 2014, when Senk called it “kind of the gay couple’s ultimate fantasy townhouse.” The home has heated floors and a large skylight that shines light through the “entire core” of the house, according to the listing.