The biggest price cuts on luxury pads

TRD New York /
Oct.October 10, 2017 06:24 PM
Can I get a price check on the East Side?

From East 53rd Street all the way up to East 69th, owners of luxury apartments are karate-chopping asks, according to data provided by StreetEasy. In fact, all of the largest price cuts this week were seen in just a 16-block section of Manhattan’s East Side.

Here’s a look at the biggest price reductions:

310 East 53rd Street, 23ABC

Previous Price: $16.4 million

Current Price: $12.9 million

Percentage Drop: 21 percent

The biggest reduction in the over $10-million market is a potential combination of a full floor at 310 East 53rd Street. The A, B and C-line units at the building developed by Macklowe Properties boast a total of seven bedrooms and six bathrooms, with 5,699 square feet.

16 Sutton Square

Previous Price: $29.9 million

Current Price: $24.5 million

Percentage Drop: 18 percent

This townhouse overlooking the East River was once owned by Greek shipping magnate Aristotle Onassis and later by philanthropist John Whitehead. It was rebuilt and renovated, but still has oodles of old New York prestige.

146 East 65th Street

Previous Price: $32.5 million

Current Price: $27 million

Percentage Drop: 17 percent

You might have heard of this Lenox Hill townhouse. It is, of course, the late David Rockefeller’s former home. Weighing in at 9,777-square-feet and 21 rooms, this house affords lost of space for activities – now at a discount.

46 East 65th Street

Previous Price: $18 million

Current Price: $15.2 million

Percentage Drop: 15 percent

And finally, yet another East Side townhouse saw its asking price slashed — and this one is huge. We are talking more than 16 rooms spread over 12,000 square feet with 33 feet of street frontage. Did we mention that it used to belong to Alice Gwynne Vanderbilt?

16 East 69th Street

Previous Price: $45 million

Current Price: $39 million

Percentage Drop: 13 percent

And finally, yet another east side townhouse saw its ask slashed — and this one is huge. We are talking more than 16 rooms spread over 12,000 square feet with 33 feet of street frontage. Did we mention that it used to be long to Alice Gwynne Vanderbilt?

 

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