UPDATED, May 31, 11:25 a.m.: With a sizable price chop, the owners of this Claude Monet-inspired townhouse are hoping it will finally make an … impression.
The 6,200-square-foot Lenox Hill home, which has a kitchen designed to resemble the one at the 19th-century artist’s home in Giverny, had its price cut by 8 percent last week, and is now on the market for $13.5 million.
In total, just three places in the over-$10 million market received price reductions of more than 5 percent last week, according to data provided by StreetEasy. That’s a significantly lower number than usual, with as many as 10 ultra-pricey pads reduced in some previous weeks.
Here’s a look at the biggest price cuts in New York City:
43 West 75th Street
Previous Price: $14 million
Current Price: $12.3 million
Percentage Drop: 12 percent ($1,484 per square foot)
This multifamily building was first listed in August for under $14 million. In late April, it was removed from the market and then relisted last week for a reduced $12.3 million. The property spans five stories across 8,250 square feet, is 22 feet wide and has a private garden, according to the listing. Built in 1910, there’s currently eight rental units in the building.
Brown Harris Stevens’ Wolf Jakubowski has the listing and is marketing it as a potential single-family conversion opportunity.
“The other houses [on the west side] have been coming down a lot,” said Jakubowski. “We think $12.25 million better reflects the market when compared to price reductions other houses have taken.”
88 Central Park West, 7N
Previous Price: $16 million
Current Price: $14.5 million ($4,142 per square foot)
Percentage Drop: 9 percent
This 3,500-square-foot apartment in the Brentmore hit the market in February 2016. Over the last 16 months, it’s been reduced little by little. Last week it was sliced by another 9 percent and is on the market for $14.5 million — down $3.5 million from its original ask.
The duplex has 55 feet of Central Park frontage, as well as four bedrooms and two full bathrooms. There’s an eat-in kitchen, leaded glass and arched doors, according to the listing.
The Brentmore was built in 1910 and converted to co-ops in 1959, according to StreetEasy. The building, between 68th and 69th streets, has been home to a slew of celebrities including Sting, Robert De Niro and Annie Leibovitz.
140 East 65th Street
Previous Price: $14.8 million
Current Price: $13.5 million
Percentage Drop: 8 percent
This 6,200-square-foot townhouse hit the market in February with a $14.8 million price tag, but nearly four months later it’s been reduced by 8 percent and is now asking $13.5 million. The home has four bedrooms and five full bathrooms, as well as an elevator, a dumb waiter and “climate controlled zones.” The four terraces overlook a cultivated Japanese garden, and there’s also a wine cellar, six fireplaces and a chef’s kitchen inspired by Monet’s home at Giverny.
The home last sold to Barbara Rogers for just under $9 million in 2011.