The biggest price cuts on luxury pads

A Soho penthouse received the largest reduction

TRD New York /
Oct.October 25, 2017 09:00 AM

Clockwise from bottom left: 993 Fifth Avenue 11FL, 336 West 12th Street, 13 Harrison Street, 158 Mercer Street 12M/PH

Some of the city’s sellers are getting off their high horse.

One of the biggest price reductions this week was on a West Village townhouse that comes with a carriage house and “horse walk.”

In total, 11 homes in the over $10-million market were reduced by more than 5 percent last week.

Here’s a look at the biggest price cuts:

158 Mercer Street 12M/PH
Previous Price: $38 million
Current Price: $34 million ($4,562 per square foot)
Percentage Drop: 11 percent

This home, once owned by rocker Jon Bon Jovi, just got a price cut of $4 million, or 11 percent. The Austrian-American businessman Gerhard Andlinger reportedly bought it from the singer back in 2015 for $34 million.

Andlinger listed it for $38 million back in January, but he’s now saying goodbye to the idea of a profit and has cut the asking price down to $34 million. The 7,452-square-foot home features six bedrooms, six bathrooms and a chef’s kitchen.

Brown Harris Stevens’ Graham Uffelman has the listing.

993 Fifth Avenue, Floor 11
Previous Price: $27.9 million
Current Price: $25 million
Percentage Drop: 10 percent

This co-op in the Emery Roth-designed 993 Fifth Avenue building hit the market in October 2016 asking $27.9 million. A year later, the ask on the full-floor spread has been cut down by 10 percent. http://www.llnyc.com/75667-llnycs-look-at-listings-a-classic-full-floor-spread-just-steps-from-the-met There are five bedrooms, six bathrooms, a 29-foot living room and a 20-foot library.

Brown Harris Stevens’ Arline Tarte has the listing. She was not immediately available for comment.

336 West 12th Street
Previous Price: $19.9 million
Current Price: $17.8 million ($2,379 per square foot)
Percentage Drop: 10 percent

This 1850s-era townhouse hit the market in March 2016 asking $24.5 million. This recent 10 percent reduction is the third price chop since it hit the market. The six-bedroom, four-plus bathroom home has around 7,500 square feet of living space and 670 feet of bluestone private courtyard, according to the listing.

The 24-foot wide home comes with its own carriage house, end grain oak flooring, a large butler’s pantry and a “horse walk.” Sotheby’s International Realty’s Randall Gianopulos and Stan Ponte have the listing.

Gianopulos declined to comment.

13 Harrison Street and 13 Harrison Street #2
Previous Price: $22 million (townhouse)
Current Price: $20 million
Percentage Drop: 9 percent

This property is being marketed as an entire townhouse — and as two individual units. The townhouse hit the market in March last year, asking $24 million, and has been trimmed down three times now. The home is 24 feet wide and rises five stories across 11,842 square feet. There’s also 1,600 square feet of outdoor space, including a south-facing terrace and roof deck.

One of its units, 13 Harrison Street 2, has also been price reduced. The six-bedroom condo has 8,442-square feet and has been trimmed from 16 million down to $14.5 million.

Brown Harris Stevens’ David Kornmeier has the listings. He was not available for comment.

18 West 75th Street
Previous Price: $17.4 million
Current Price: $15.9 million
Percentage Drop: 9 percent

This 21-foot-wide townhouse hit the market in August, asking $17.4 million, and has now been cut back by 9 percent. The home once a 10-unit building, according to reports, and has been gut-renovated. There are five bedrooms, six full bathrooms and two half baths, according to StreetEasy, as well as an elevator and south-facing outdoor space.

Douglas Elliman’s George Vanderploeg and Steffan Kral have the listing.


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