New York

Price slashing on Manhattan homes is starting to slow

Sellers cut the ask on 33% of properties in Q3: StreetEasy

<a class="lavamap_link" style="text-decoration: none !important; color: inherit; box-shadow:none !important; pointer-events: none; cursor: default;" href="https://lavamap.com/property/12-East-13-Street-New-York-NY-10003/1005707502-0" target="_blank" data-address="12%20East%2013%20Street%2C%20New%20York" data-label="%3Ca%20class%3D%22lavamap_link%22%20style%3D%22text-decoration%3A%20none%20%21important%3B%20color%3A%20inherit%3B%20box-shadow%3Anone%20%21important%3B%20pointer-events%3A%20none%3B%20cursor%3A%20default%3B%22%20href%3D%22https%3A%2F%2Flavamap.com%2Fproperty%2F12-East-13-Street-New-York-NY-10003%2F1005707502-0%22%20target%3D%22_blank%22%20data-address%3D%2212%2520East%252013%2520Street%252C%2520New%2520York%22%20data-label%3D%2212%2520East%252013th%2520Street%22%20data-url%3D%22https%253A%252F%252Flavamap.com%252Fproperty%252F12-East-13-Street-New-York-NY-10003%252F1005707502-0%22%20data-bbl%3D%221005707502%22%20data-blockValue%3D%2200570%22%20data-lotValue%3D%227502%22%20data-zipcode%3D%2210003%22%20data-bldgArea%3D%2240%252C407%22%20data-bldgDepth%3D%2299%22%20data-bldgFront%3D%2267%22%20data-landUse%3D%22Mixed%2520resi%2520%2526%2520comm%2520buildings%22%20data-lotArea%3D%226%252C153%22%20data-lotFront%3D%2267%22%20data-lotDepth%3D%2299.75%22%20data-retailArea%3D%220%22%20data-resArea%3D%220%22%20data-officeArea%3D%220%22%20data-garageArea%3D%220%22%20data-strgeArea%3D%220%22%20data-factryArea%3D%220%22%20data-otherArea%3D%220%22%20data-bldgClass%3D%22R0%22%20data-primaryZoning%3D%22C6-1%22%20data-commercialOverlay%3D%22%22%20data-far%3D%223.44%22%20data-buildable%3D%2221%252C166%22%20data-airRights%3D%22-19%252C258%22%20data-propertyNeighborhood%3D%22Greenwich%2520Village%22%20data-latitude%3D%2240.7347957654505%22%20data-longitude%3D%22-73.99343743784%22%20data-moreList%3D%22%255B%257B%2522icon%2522%253A%2522https%253A%255C%252F%255C%252Fcdn.lavamap.com%255C%252Fwp-lavamap-link%255C%252Fpublic%255C%252Fimg%255C%252FviewOnMap.svg%2522%252C%2522url%2522%253A%2522https%253A%255C%252F%255C%252Flavamap.com%255C%252Fproperty%255C%252F12-East-13-Street-New-York-NY-10003%255C%252F1005707502-0%2522%252C%2522urlLabel%2522%253A%2522View%2520on%2520LavaMap%2522%257D%252C%257B%2522icon%2522%253A%2522https%253A%255C%252F%255C%252Fcdn.lavamap.com%255C%252Fwp-lavamap-link%255C%252Fpublic%255C%252Fimg%255C%252Fownership.svg%2522%252C%2522url%2522%253A%2522https%253A%255C%252F%255C%252Flavamap.com%255C%252Fproperty%255C%252F12-East-13-Street-New-York-NY-10003%255C%252F1005707502-1%2522%252C%2522urlLabel%2522%253A%2522View%2520Ownership%2520on%2520LavaMap%2522%257D%252C%257B%2522icon%2522%253A%2522https%253A%255C%252F%255C%252Fcdn.lavamap.com%255C%252Fwp-lavamap-link%255C%252Fpublic%255C%252Fimg%255C%252FleaseComps.svg%2522%252C%2522url%2522%253A%2522https%253A%255C%252F%255C%252Ftherealdeal.com%255C%252Fnew-research%2522%252C%2522urlLabel%2522%253A%2522TRData%2522%257D%255D%22%20data-articleList%3D%22%255B%255D%22%3E12%20East%2013th%20Street%3C%2Fa%3E" data-url="https%3A%2F%2Flavamap.com%2Fproperty%2F12-East-13-Street-New-York-NY-10003%2F1005707502-0" data-bbl="1005707502" data-blockValue="00570" data-lotValue="7502" data-zipcode="10003" data-bldgArea="40%2C407" data-bldgDepth="99" data-bldgFront="67" data-landUse="Mixed%20resi%20%26%20comm%20buildings" data-lotArea="6%2C153" data-lotFront="67" data-lotDepth="99.75" data-retailArea="0" data-resArea="0" data-officeArea="0" data-garageArea="0" data-strgeArea="0" data-factryArea="0" data-otherArea="0" data-bldgClass="R0" data-primaryZoning="C6-1" data-commercialOverlay="" data-far="3.44" data-buildable="21%2C166" data-airRights="-19%2C258" data-propertyNeighborhood="Greenwich%20Village" data-latitude="40.7347957654505" data-longitude="-73.99343743784" data-moreList="%5B%7B%22icon%22%3A%22https%3A%5C%2F%5C%2Fcdn.lavamap.com%5C%2Fwp-lavamap-link%5C%2Fpublic%5C%2Fimg%5C%2FviewOnMap.svg%22%2C%22url%22%3A%22https%3A%5C%2F%5C%2Flavamap.com%5C%2Fproperty%5C%2F12-East-13-Street-New-York-NY-10003%5C%2F1005707502-0%22%2C%22urlLabel%22%3A%22View%20on%20LavaMap%22%7D%2C%7B%22icon%22%3A%22https%3A%5C%2F%5C%2Fcdn.lavamap.com%5C%2Fwp-lavamap-link%5C%2Fpublic%5C%2Fimg%5C%2Fownership.svg%22%2C%22url%22%3A%22https%3A%5C%2F%5C%2Flavamap.com%5C%2Fproperty%5C%2F12-East-13-Street-New-York-NY-10003%5C%2F1005707502-1%22%2C%22urlLabel%22%3A%22View%20Ownership%20on%20LavaMap%22%7D%2C%7B%22icon%22%3A%22https%3A%5C%2F%5C%2Fcdn.lavamap.com%5C%2Fwp-lavamap-link%5C%2Fpublic%5C%2Fimg%5C%2FleaseComps.svg%22%2C%22url%22%3A%22https%3A%5C%2F%5C%2Ftherealdeal.com%5C%2Fnew-research%22%2C%22urlLabel%22%3A%22TRData%22%7D%5D" data-articleList="%5B%7B%22url%22%3A%22https%3A%5C%2F%5C%2Flavamap.com%5C%2Fproperty%5C%2F12-East-13-Street-New-York-NY-10003%5C%2F1005707502-0%22%2C%22urlLabel%22%3A%2212%20East%2013th%20Street%22%7D%5D" rel="noopener noreferrer"><a class="lavamap_link" style="text-decoration: none !important; color: inherit; box-shadow:none !important; pointer-events: none; cursor: default;" href="https://lavamap.com/property/12-East-13-Street-New-York-NY-10003/1005707502-0" target="_blank" data-address="12%20East%2013%20Street%2C%20New%20York" data-label="12%20East%2013th%20Street" data-url="https%3A%2F%2Flavamap.com%2Fproperty%2F12-East-13-Street-New-York-NY-10003%2F1005707502-0" data-bbl="1005707502" data-blockValue="00570" data-lotValue="7502" data-zipcode="10003" data-bldgArea="40%2C407" data-bldgDepth="99" data-bldgFront="67" data-landUse="Mixed%20resi%20%26%20comm%20buildings" data-lotArea="6%2C153" data-lotFront="67" data-lotDepth="99.75" data-retailArea="0" data-resArea="0" data-officeArea="0" data-garageArea="0" data-strgeArea="0" data-factryArea="0" data-otherArea="0" data-bldgClass="R0" data-primaryZoning="C6-1" data-commercialOverlay="" data-far="3.44" data-buildable="21%2C166" data-airRights="-19%2C258" data-propertyNeighborhood="Greenwich%20Village" data-latitude="40.7347957654505" data-longitude="-73.99343743784" data-moreList="%5B%7B%22icon%22%3A%22https%3A%5C%2F%5C%2Fcdn.lavamap.com%5C%2Fwp-lavamap-link%5C%2Fpublic%5C%2Fimg%5C%2FviewOnMap.svg%22%2C%22url%22%3A%22https%3A%5C%2F%5C%2Flavamap.com%5C%2Fproperty%5C%2F12-East-13-Street-New-York-NY-10003%5C%2F1005707502-0%22%2C%22urlLabel%22%3A%22View%20on%20LavaMap%22%7D%2C%7B%22icon%22%3A%22https%3A%5C%2F%5C%2Fcdn.lavamap.com%5C%2Fwp-lavamap-link%5C%2Fpublic%5C%2Fimg%5C%2Fownership.svg%22%2C%22url%22%3A%22https%3A%5C%2F%5C%2Flavamap.com%5C%2Fproperty%5C%2F12-East-13-Street-New-York-NY-10003%5C%2F1005707502-1%22%2C%22urlLabel%22%3A%22View%20Ownership%20on%20LavaMap%22%7D%2C%7B%22icon%22%3A%22https%3A%5C%2F%5C%2Fcdn.lavamap.com%5C%2Fwp-lavamap-link%5C%2Fpublic%5C%2Fimg%5C%2FleaseComps.svg%22%2C%22url%22%3A%22https%3A%5C%2F%5C%2Ftherealdeal.com%5C%2Fnew-research%22%2C%22urlLabel%22%3A%22TRData%22%7D%5D" data-articleList="%5B%5D" rel="noopener noreferrer">12 East 13th Street</a></a> #PH and <a class="lavamap_link" style="text-decoration: none !important; color: inherit; box-shadow:none !important; pointer-events: none; cursor: default;" href="https://lavamap.com/property/27-West-72-Street-New-York-NY-10023/1011257502-0" target="_blank" data-address="27%20West%2072%20Street%2C%20New%20York" data-label="%3Ca%20class%3D%22lavamap_link%22%20style%3D%22text-decoration%3A%20none%20%21important%3B%20color%3A%20inherit%3B%20box-shadow%3Anone%20%21important%3B%20pointer-events%3A%20none%3B%20cursor%3A%20default%3B%22%20href%3D%22https%3A%2F%2Flavamap.com%2Fproperty%2F27-West-72-Street-New-York-NY-10023%2F1011257502-0%22%20target%3D%22_blank%22%20data-address%3D%2227%2520West%252072%2520Street%252C%2520New%2520York%22%20data-label%3D%2227%2520West%252072nd%2520Street%22%20data-url%3D%22https%253A%252F%252Flavamap.com%252Fproperty%252F27-West-72-Street-New-York-NY-10023%252F1011257502-0%22%20data-bbl%3D%221011257502%22%20data-blockValue%3D%2201125%22%20data-lotValue%3D%227502%22%20data-zipcode%3D%2210023%22%20data-bldgArea%3D%22206%252C585%22%20data-bldgDepth%3D%22204%22%20data-bldgFront%3D%22100%22%20data-landUse%3D%22Mixed%2520resi%2520%2526%2520comm%2520buildings%22%20data-lotArea%3D%2217%252C880%22%20data-lotFront%3D%22100%22%20data-lotDepth%3D%22204.33%22%20data-retailArea%3D%2210%252C007%22%20data-resArea%3D%22186%252C467%22%20data-officeArea%3D%22885%22%20data-garageArea%3D%225%252C496%22%20data-strgeArea%3D%223%252C730%22%20data-factryArea%3D%220%22%20data-otherArea%3D%220%22%20data-bldgClass%3D%22R0%22%20data-primaryZoning%3D%22R10A%22%20data-commercialOverlay%3D%22%22%20data-far%3D%2210%22%20data-buildable%3D%22178%252C800%22%20data-airRights%3D%22-27%252C714%22%20data-propertyNeighborhood%3D%22Upper%2520West%2520Side%22%20data-latitude%3D%2240.7772662502011%22%20data-longitude%3D%22-73.9773717793477%22%20data-moreList%3D%22%255B%257B%2522icon%2522%253A%2522https%253A%255C%252F%255C%252Fcdn.lavamap.com%255C%252Fwp-lavamap-link%255C%252Fpublic%255C%252Fimg%255C%252FviewOnMap.svg%2522%252C%2522url%2522%253A%2522https%253A%255C%252F%255C%252Flavamap.com%255C%252Fproperty%255C%252F27-West-72-Street-New-York-NY-10023%255C%252F1011257502-0%2522%252C%2522urlLabel%2522%253A%2522View%2520on%2520LavaMap%2522%257D%252C%257B%2522icon%2522%253A%2522https%253A%255C%252F%255C%252Fcdn.lavamap.com%255C%252Fwp-lavamap-link%255C%252Fpublic%255C%252Fimg%255C%252Fownership.svg%2522%252C%2522url%2522%253A%2522https%253A%255C%252F%255C%252Flavamap.com%255C%252Fproperty%255C%252F27-West-72-Street-New-York-NY-10023%255C%252F1011257502-1%2522%252C%2522urlLabel%2522%253A%2522View%2520Ownership%2520on%2520LavaMap%2522%257D%252C%257B%2522icon%2522%253A%2522https%253A%255C%252F%255C%252Fcdn.lavamap.com%255C%252Fwp-lavamap-link%255C%252Fpublic%255C%252Fimg%255C%252FleaseComps.svg%2522%252C%2522url%2522%253A%2522https%253A%255C%252F%255C%252Ftherealdeal.com%255C%252Fnew-research%2522%252C%2522urlLabel%2522%253A%2522TRData%2522%257D%255D%22%20data-articleList%3D%22%255B%255D%22%3E27%20West%2072nd%20Street%3C%2Fa%3E" data-url="https%3A%2F%2Flavamap.com%2Fproperty%2F27-West-72-Street-New-York-NY-10023%2F1011257502-0" data-bbl="1011257502" data-blockValue="01125" data-lotValue="7502" data-zipcode="10023" data-bldgArea="206%2C585" data-bldgDepth="204" data-bldgFront="100" data-landUse="Mixed%20resi%20%26%20comm%20buildings" data-lotArea="17%2C880" data-lotFront="100" data-lotDepth="204.33" data-retailArea="10%2C007" data-resArea="186%2C467" data-officeArea="885" data-garageArea="5%2C496" data-strgeArea="3%2C730" data-factryArea="0" data-otherArea="0" data-bldgClass="R0" data-primaryZoning="R10A" data-commercialOverlay="" data-far="10" data-buildable="178%2C800" data-airRights="-27%2C714" data-propertyNeighborhood="Upper%20West%20Side" data-latitude="40.7772662502011" data-longitude="-73.9773717793477" data-moreList="%5B%7B%22icon%22%3A%22https%3A%5C%2F%5C%2Fcdn.lavamap.com%5C%2Fwp-lavamap-link%5C%2Fpublic%5C%2Fimg%5C%2FviewOnMap.svg%22%2C%22url%22%3A%22https%3A%5C%2F%5C%2Flavamap.com%5C%2Fproperty%5C%2F27-West-72-Street-New-York-NY-10023%5C%2F1011257502-0%22%2C%22urlLabel%22%3A%22View%20on%20LavaMap%22%7D%2C%7B%22icon%22%3A%22https%3A%5C%2F%5C%2Fcdn.lavamap.com%5C%2Fwp-lavamap-link%5C%2Fpublic%5C%2Fimg%5C%2Fownership.svg%22%2C%22url%22%3A%22https%3A%5C%2F%5C%2Flavamap.com%5C%2Fproperty%5C%2F27-West-72-Street-New-York-NY-10023%5C%2F1011257502-1%22%2C%22urlLabel%22%3A%22View%20Ownership%20on%20LavaMap%22%7D%2C%7B%22icon%22%3A%22https%3A%5C%2F%5C%2Fcdn.lavamap.com%5C%2Fwp-lavamap-link%5C%2Fpublic%5C%2Fimg%5C%2FleaseComps.svg%22%2C%22url%22%3A%22https%3A%5C%2F%5C%2Ftherealdeal.com%5C%2Fnew-research%22%2C%22urlLabel%22%3A%22TRData%22%7D%5D" data-articleList="%5B%7B%22url%22%3A%22https%3A%5C%2F%5C%2Flavamap.com%5C%2Fproperty%5C%2F27-West-72-Street-New-York-NY-10023%5C%2F1011257502-0%22%2C%22urlLabel%22%3A%2227%20West%2072nd%20Street%22%7D%5D" rel="noopener noreferrer"><a class="lavamap_link" style="text-decoration: none !important; color: inherit; box-shadow:none !important; pointer-events: none; cursor: default;" href="https://lavamap.com/property/27-West-72-Street-New-York-NY-10023/1011257502-0" target="_blank" data-address="27%20West%2072%20Street%2C%20New%20York" data-label="27%20West%2072nd%20Street" data-url="https%3A%2F%2Flavamap.com%2Fproperty%2F27-West-72-Street-New-York-NY-10023%2F1011257502-0" data-bbl="1011257502" data-blockValue="01125" data-lotValue="7502" data-zipcode="10023" data-bldgArea="206%2C585" data-bldgDepth="204" data-bldgFront="100" data-landUse="Mixed%20resi%20%26%20comm%20buildings" data-lotArea="17%2C880" data-lotFront="100" data-lotDepth="204.33" data-retailArea="10%2C007" data-resArea="186%2C467" data-officeArea="885" data-garageArea="5%2C496" data-strgeArea="3%2C730" data-factryArea="0" data-otherArea="0" data-bldgClass="R0" data-primaryZoning="R10A" data-commercialOverlay="" data-far="10" data-buildable="178%2C800" data-airRights="-27%2C714" data-propertyNeighborhood="Upper%20West%20Side" data-latitude="40.7772662502011" data-longitude="-73.9773717793477" data-moreList="%5B%7B%22icon%22%3A%22https%3A%5C%2F%5C%2Fcdn.lavamap.com%5C%2Fwp-lavamap-link%5C%2Fpublic%5C%2Fimg%5C%2FviewOnMap.svg%22%2C%22url%22%3A%22https%3A%5C%2F%5C%2Flavamap.com%5C%2Fproperty%5C%2F27-West-72-Street-New-York-NY-10023%5C%2F1011257502-0%22%2C%22urlLabel%22%3A%22View%20on%20LavaMap%22%7D%2C%7B%22icon%22%3A%22https%3A%5C%2F%5C%2Fcdn.lavamap.com%5C%2Fwp-lavamap-link%5C%2Fpublic%5C%2Fimg%5C%2Fownership.svg%22%2C%22url%22%3A%22https%3A%5C%2F%5C%2Flavamap.com%5C%2Fproperty%5C%2F27-West-72-Street-New-York-NY-10023%5C%2F1011257502-1%22%2C%22urlLabel%22%3A%22View%20Ownership%20on%20LavaMap%22%7D%2C%7B%22icon%22%3A%22https%3A%5C%2F%5C%2Fcdn.lavamap.com%5C%2Fwp-lavamap-link%5C%2Fpublic%5C%2Fimg%5C%2FleaseComps.svg%22%2C%22url%22%3A%22https%3A%5C%2F%5C%2Ftherealdeal.com%5C%2Fnew-research%22%2C%22urlLabel%22%3A%22TRData%22%7D%5D" data-articleList="%5B%5D" rel="noopener noreferrer">27 West 72nd Street</a></a> #1505

12 East 13th Street #PH and 27 West 72nd Street #1505

Price chops, a fixture of the Manhattan luxury residential market for over a year now, may be starting to slow down.

Sellers cut the ask on 33 percent of Manhattan apartments and townhouses in the third quarter of the year, down from 44 percent the second quarter, the Wall Street Journal reported, citing data from StreetEasy. Price reductions also slowed in Brooklyn, with 25 percent of homes reduced in the third quarter, down from 35 percent in the second quarter, according to the publication.

Brokers said that the reduction in prices may represent a recalibration of the market. Sellers have become more realistic in recent months, and are increasingly likely to negotiate with buyers. As a result, many overpriced listings have been pulled from the market. Manhattan resale inventory dropped for the first time in three years in the second quarter of the year, according to Douglas Elliman’s quarterly report.

“There was a lot of price cutting and a lot of selling, a lot of the product that was sitting around got sold,” Gregory Heym, the chief economist for Brown Harris Stevens and Halstead Property, told the Journal. “Now we have gotten back to a market that is slower. The frenzied pace isn’t what it was earlier in the year.” [WSJ]Miriam Hall

Tags
New York

Price slashing on Manhattan homes is starting to slow

Sellers cut the ask on 33% of properties in Q3: StreetEasy

<a class="lavamap_link" style="text-decoration: none !important; color: inherit; box-shadow:none !important; pointer-events: none; cursor: default;" href="https://lavamap.com/property/12-East-13-Street-New-York-NY-10003/1005707502-0" target="_blank" data-address="12%20East%2013%20Street%2C%20New%20York" data-label="%3Ca%20class%3D%22lavamap_link%22%20style%3D%22text-decoration%3A%20none%20%21important%3B%20color%3A%20inherit%3B%20box-shadow%3Anone%20%21important%3B%20pointer-events%3A%20none%3B%20cursor%3A%20default%3B%22%20href%3D%22https%3A%2F%2Flavamap.com%2Fproperty%2F12-East-13-Street-New-York-NY-10003%2F1005707502-0%22%20target%3D%22_blank%22%20data-address%3D%2212%2520East%252013%2520Street%252C%2520New%2520York%22%20data-label%3D%2212%2520East%252013th%2520Street%22%20data-url%3D%22https%253A%252F%252Flavamap.com%252Fproperty%252F12-East-13-Street-New-York-NY-10003%252F1005707502-0%22%20data-bbl%3D%221005707502%22%20data-blockValue%3D%2200570%22%20data-lotValue%3D%227502%22%20data-zipcode%3D%2210003%22%20data-bldgArea%3D%2240%252C407%22%20data-bldgDepth%3D%2299%22%20data-bldgFront%3D%2267%22%20data-landUse%3D%22Mixed%2520resi%2520%2526%2520comm%2520buildings%22%20data-lotArea%3D%226%252C153%22%20data-lotFront%3D%2267%22%20data-lotDepth%3D%2299.75%22%20data-retailArea%3D%220%22%20data-resArea%3D%220%22%20data-officeArea%3D%220%22%20data-garageArea%3D%220%22%20data-strgeArea%3D%220%22%20data-factryArea%3D%220%22%20data-otherArea%3D%220%22%20data-bldgClass%3D%22R0%22%20data-primaryZoning%3D%22C6-1%22%20data-commercialOverlay%3D%22%22%20data-far%3D%223.44%22%20data-buildable%3D%2221%252C166%22%20data-airRights%3D%22-19%252C258%22%20data-propertyNeighborhood%3D%22Greenwich%2520Village%22%20data-latitude%3D%2240.7347957654505%22%20data-longitude%3D%22-73.99343743784%22%20data-moreList%3D%22%255B%257B%2522icon%2522%253A%2522https%253A%255C%252F%255C%252Fcdn.lavamap.com%255C%252Fwp-lavamap-link%255C%252Fpublic%255C%252Fimg%255C%252FviewOnMap.svg%2522%252C%2522url%2522%253A%2522https%253A%255C%252F%255C%252Flavamap.com%255C%252Fproperty%255C%252F12-East-13-Street-New-York-NY-10003%255C%252F1005707502-0%2522%252C%2522urlLabel%2522%253A%2522View%2520on%2520LavaMap%2522%257D%252C%257B%2522icon%2522%253A%2522https%253A%255C%252F%255C%252Fcdn.lavamap.com%255C%252Fwp-lavamap-link%255C%252Fpublic%255C%252Fimg%255C%252Fownership.svg%2522%252C%2522url%2522%253A%2522https%253A%255C%252F%255C%252Flavamap.com%255C%252Fproperty%255C%252F12-East-13-Street-New-York-NY-10003%255C%252F1005707502-1%2522%252C%2522urlLabel%2522%253A%2522View%2520Ownership%2520on%2520LavaMap%2522%257D%252C%257B%2522icon%2522%253A%2522https%253A%255C%252F%255C%252Fcdn.lavamap.com%255C%252Fwp-lavamap-link%255C%252Fpublic%255C%252Fimg%255C%252FleaseComps.svg%2522%252C%2522url%2522%253A%2522https%253A%255C%252F%255C%252Ftherealdeal.com%255C%252Fnew-research%2522%252C%2522urlLabel%2522%253A%2522TRData%2522%257D%255D%22%20data-articleList%3D%22%255B%255D%22%3E12%20East%2013th%20Street%3C%2Fa%3E" data-url="https%3A%2F%2Flavamap.com%2Fproperty%2F12-East-13-Street-New-York-NY-10003%2F1005707502-0" data-bbl="1005707502" data-blockValue="00570" data-lotValue="7502" data-zipcode="10003" data-bldgArea="40%2C407" data-bldgDepth="99" data-bldgFront="67" data-landUse="Mixed%20resi%20%26%20comm%20buildings" data-lotArea="6%2C153" data-lotFront="67" data-lotDepth="99.75" data-retailArea="0" data-resArea="0" data-officeArea="0" data-garageArea="0" data-strgeArea="0" data-factryArea="0" data-otherArea="0" data-bldgClass="R0" data-primaryZoning="C6-1" data-commercialOverlay="" data-far="3.44" data-buildable="21%2C166" data-airRights="-19%2C258" data-propertyNeighborhood="Greenwich%20Village" data-latitude="40.7347957654505" data-longitude="-73.99343743784" data-moreList="%5B%7B%22icon%22%3A%22https%3A%5C%2F%5C%2Fcdn.lavamap.com%5C%2Fwp-lavamap-link%5C%2Fpublic%5C%2Fimg%5C%2FviewOnMap.svg%22%2C%22url%22%3A%22https%3A%5C%2F%5C%2Flavamap.com%5C%2Fproperty%5C%2F12-East-13-Street-New-York-NY-10003%5C%2F1005707502-0%22%2C%22urlLabel%22%3A%22View%20on%20LavaMap%22%7D%2C%7B%22icon%22%3A%22https%3A%5C%2F%5C%2Fcdn.lavamap.com%5C%2Fwp-lavamap-link%5C%2Fpublic%5C%2Fimg%5C%2Fownership.svg%22%2C%22url%22%3A%22https%3A%5C%2F%5C%2Flavamap.com%5C%2Fproperty%5C%2F12-East-13-Street-New-York-NY-10003%5C%2F1005707502-1%22%2C%22urlLabel%22%3A%22View%20Ownership%20on%20LavaMap%22%7D%2C%7B%22icon%22%3A%22https%3A%5C%2F%5C%2Fcdn.lavamap.com%5C%2Fwp-lavamap-link%5C%2Fpublic%5C%2Fimg%5C%2FleaseComps.svg%22%2C%22url%22%3A%22https%3A%5C%2F%5C%2Ftherealdeal.com%5C%2Fnew-research%22%2C%22urlLabel%22%3A%22TRData%22%7D%5D" data-articleList="%5B%7B%22url%22%3A%22https%3A%5C%2F%5C%2Flavamap.com%5C%2Fproperty%5C%2F12-East-13-Street-New-York-NY-10003%5C%2F1005707502-0%22%2C%22urlLabel%22%3A%2212%20East%2013th%20Street%22%7D%5D" rel="noopener noreferrer"><a class="lavamap_link" style="text-decoration: none !important; color: inherit; box-shadow:none !important; pointer-events: none; cursor: default;" href="https://lavamap.com/property/12-East-13-Street-New-York-NY-10003/1005707502-0" target="_blank" data-address="12%20East%2013%20Street%2C%20New%20York" data-label="12%20East%2013th%20Street" data-url="https%3A%2F%2Flavamap.com%2Fproperty%2F12-East-13-Street-New-York-NY-10003%2F1005707502-0" data-bbl="1005707502" data-blockValue="00570" data-lotValue="7502" data-zipcode="10003" data-bldgArea="40%2C407" data-bldgDepth="99" data-bldgFront="67" data-landUse="Mixed%20resi%20%26%20comm%20buildings" data-lotArea="6%2C153" data-lotFront="67" data-lotDepth="99.75" data-retailArea="0" data-resArea="0" data-officeArea="0" data-garageArea="0" data-strgeArea="0" data-factryArea="0" data-otherArea="0" data-bldgClass="R0" data-primaryZoning="C6-1" data-commercialOverlay="" data-far="3.44" data-buildable="21%2C166" data-airRights="-19%2C258" data-propertyNeighborhood="Greenwich%20Village" data-latitude="40.7347957654505" data-longitude="-73.99343743784" data-moreList="%5B%7B%22icon%22%3A%22https%3A%5C%2F%5C%2Fcdn.lavamap.com%5C%2Fwp-lavamap-link%5C%2Fpublic%5C%2Fimg%5C%2FviewOnMap.svg%22%2C%22url%22%3A%22https%3A%5C%2F%5C%2Flavamap.com%5C%2Fproperty%5C%2F12-East-13-Street-New-York-NY-10003%5C%2F1005707502-0%22%2C%22urlLabel%22%3A%22View%20on%20LavaMap%22%7D%2C%7B%22icon%22%3A%22https%3A%5C%2F%5C%2Fcdn.lavamap.com%5C%2Fwp-lavamap-link%5C%2Fpublic%5C%2Fimg%5C%2Fownership.svg%22%2C%22url%22%3A%22https%3A%5C%2F%5C%2Flavamap.com%5C%2Fproperty%5C%2F12-East-13-Street-New-York-NY-10003%5C%2F1005707502-1%22%2C%22urlLabel%22%3A%22View%20Ownership%20on%20LavaMap%22%7D%2C%7B%22icon%22%3A%22https%3A%5C%2F%5C%2Fcdn.lavamap.com%5C%2Fwp-lavamap-link%5C%2Fpublic%5C%2Fimg%5C%2FleaseComps.svg%22%2C%22url%22%3A%22https%3A%5C%2F%5C%2Ftherealdeal.com%5C%2Fnew-research%22%2C%22urlLabel%22%3A%22TRData%22%7D%5D" data-articleList="%5B%5D" rel="noopener noreferrer">12 East 13th Street</a></a> #PH and <a class="lavamap_link" style="text-decoration: none !important; color: inherit; box-shadow:none !important; pointer-events: none; cursor: default;" href="https://lavamap.com/property/27-West-72-Street-New-York-NY-10023/1011257502-0" target="_blank" data-address="27%20West%2072%20Street%2C%20New%20York" data-label="%3Ca%20class%3D%22lavamap_link%22%20style%3D%22text-decoration%3A%20none%20%21important%3B%20color%3A%20inherit%3B%20box-shadow%3Anone%20%21important%3B%20pointer-events%3A%20none%3B%20cursor%3A%20default%3B%22%20href%3D%22https%3A%2F%2Flavamap.com%2Fproperty%2F27-West-72-Street-New-York-NY-10023%2F1011257502-0%22%20target%3D%22_blank%22%20data-address%3D%2227%2520West%252072%2520Street%252C%2520New%2520York%22%20data-label%3D%2227%2520West%252072nd%2520Street%22%20data-url%3D%22https%253A%252F%252Flavamap.com%252Fproperty%252F27-West-72-Street-New-York-NY-10023%252F1011257502-0%22%20data-bbl%3D%221011257502%22%20data-blockValue%3D%2201125%22%20data-lotValue%3D%227502%22%20data-zipcode%3D%2210023%22%20data-bldgArea%3D%22206%252C585%22%20data-bldgDepth%3D%22204%22%20data-bldgFront%3D%22100%22%20data-landUse%3D%22Mixed%2520resi%2520%2526%2520comm%2520buildings%22%20data-lotArea%3D%2217%252C880%22%20data-lotFront%3D%22100%22%20data-lotDepth%3D%22204.33%22%20data-retailArea%3D%2210%252C007%22%20data-resArea%3D%22186%252C467%22%20data-officeArea%3D%22885%22%20data-garageArea%3D%225%252C496%22%20data-strgeArea%3D%223%252C730%22%20data-factryArea%3D%220%22%20data-otherArea%3D%220%22%20data-bldgClass%3D%22R0%22%20data-primaryZoning%3D%22R10A%22%20data-commercialOverlay%3D%22%22%20data-far%3D%2210%22%20data-buildable%3D%22178%252C800%22%20data-airRights%3D%22-27%252C714%22%20data-propertyNeighborhood%3D%22Upper%2520West%2520Side%22%20data-latitude%3D%2240.7772662502011%22%20data-longitude%3D%22-73.9773717793477%22%20data-moreList%3D%22%255B%257B%2522icon%2522%253A%2522https%253A%255C%252F%255C%252Fcdn.lavamap.com%255C%252Fwp-lavamap-link%255C%252Fpublic%255C%252Fimg%255C%252FviewOnMap.svg%2522%252C%2522url%2522%253A%2522https%253A%255C%252F%255C%252Flavamap.com%255C%252Fproperty%255C%252F27-West-72-Street-New-York-NY-10023%255C%252F1011257502-0%2522%252C%2522urlLabel%2522%253A%2522View%2520on%2520LavaMap%2522%257D%252C%257B%2522icon%2522%253A%2522https%253A%255C%252F%255C%252Fcdn.lavamap.com%255C%252Fwp-lavamap-link%255C%252Fpublic%255C%252Fimg%255C%252Fownership.svg%2522%252C%2522url%2522%253A%2522https%253A%255C%252F%255C%252Flavamap.com%255C%252Fproperty%255C%252F27-West-72-Street-New-York-NY-10023%255C%252F1011257502-1%2522%252C%2522urlLabel%2522%253A%2522View%2520Ownership%2520on%2520LavaMap%2522%257D%252C%257B%2522icon%2522%253A%2522https%253A%255C%252F%255C%252Fcdn.lavamap.com%255C%252Fwp-lavamap-link%255C%252Fpublic%255C%252Fimg%255C%252FleaseComps.svg%2522%252C%2522url%2522%253A%2522https%253A%255C%252F%255C%252Ftherealdeal.com%255C%252Fnew-research%2522%252C%2522urlLabel%2522%253A%2522TRData%2522%257D%255D%22%20data-articleList%3D%22%255B%255D%22%3E27%20West%2072nd%20Street%3C%2Fa%3E" data-url="https%3A%2F%2Flavamap.com%2Fproperty%2F27-West-72-Street-New-York-NY-10023%2F1011257502-0" data-bbl="1011257502" data-blockValue="01125" data-lotValue="7502" data-zipcode="10023" data-bldgArea="206%2C585" data-bldgDepth="204" data-bldgFront="100" data-landUse="Mixed%20resi%20%26%20comm%20buildings" data-lotArea="17%2C880" data-lotFront="100" data-lotDepth="204.33" data-retailArea="10%2C007" data-resArea="186%2C467" data-officeArea="885" data-garageArea="5%2C496" data-strgeArea="3%2C730" data-factryArea="0" data-otherArea="0" data-bldgClass="R0" data-primaryZoning="R10A" data-commercialOverlay="" data-far="10" data-buildable="178%2C800" data-airRights="-27%2C714" data-propertyNeighborhood="Upper%20West%20Side" data-latitude="40.7772662502011" data-longitude="-73.9773717793477" data-moreList="%5B%7B%22icon%22%3A%22https%3A%5C%2F%5C%2Fcdn.lavamap.com%5C%2Fwp-lavamap-link%5C%2Fpublic%5C%2Fimg%5C%2FviewOnMap.svg%22%2C%22url%22%3A%22https%3A%5C%2F%5C%2Flavamap.com%5C%2Fproperty%5C%2F27-West-72-Street-New-York-NY-10023%5C%2F1011257502-0%22%2C%22urlLabel%22%3A%22View%20on%20LavaMap%22%7D%2C%7B%22icon%22%3A%22https%3A%5C%2F%5C%2Fcdn.lavamap.com%5C%2Fwp-lavamap-link%5C%2Fpublic%5C%2Fimg%5C%2Fownership.svg%22%2C%22url%22%3A%22https%3A%5C%2F%5C%2Flavamap.com%5C%2Fproperty%5C%2F27-West-72-Street-New-York-NY-10023%5C%2F1011257502-1%22%2C%22urlLabel%22%3A%22View%20Ownership%20on%20LavaMap%22%7D%2C%7B%22icon%22%3A%22https%3A%5C%2F%5C%2Fcdn.lavamap.com%5C%2Fwp-lavamap-link%5C%2Fpublic%5C%2Fimg%5C%2FleaseComps.svg%22%2C%22url%22%3A%22https%3A%5C%2F%5C%2Ftherealdeal.com%5C%2Fnew-research%22%2C%22urlLabel%22%3A%22TRData%22%7D%5D" data-articleList="%5B%7B%22url%22%3A%22https%3A%5C%2F%5C%2Flavamap.com%5C%2Fproperty%5C%2F27-West-72-Street-New-York-NY-10023%5C%2F1011257502-0%22%2C%22urlLabel%22%3A%2227%20West%2072nd%20Street%22%7D%5D" rel="noopener noreferrer"><a class="lavamap_link" style="text-decoration: none !important; color: inherit; box-shadow:none !important; pointer-events: none; cursor: default;" href="https://lavamap.com/property/27-West-72-Street-New-York-NY-10023/1011257502-0" target="_blank" data-address="27%20West%2072%20Street%2C%20New%20York" data-label="27%20West%2072nd%20Street" data-url="https%3A%2F%2Flavamap.com%2Fproperty%2F27-West-72-Street-New-York-NY-10023%2F1011257502-0" data-bbl="1011257502" data-blockValue="01125" data-lotValue="7502" data-zipcode="10023" data-bldgArea="206%2C585" data-bldgDepth="204" data-bldgFront="100" data-landUse="Mixed%20resi%20%26%20comm%20buildings" data-lotArea="17%2C880" data-lotFront="100" data-lotDepth="204.33" data-retailArea="10%2C007" data-resArea="186%2C467" data-officeArea="885" data-garageArea="5%2C496" data-strgeArea="3%2C730" data-factryArea="0" data-otherArea="0" data-bldgClass="R0" data-primaryZoning="R10A" data-commercialOverlay="" data-far="10" data-buildable="178%2C800" data-airRights="-27%2C714" data-propertyNeighborhood="Upper%20West%20Side" data-latitude="40.7772662502011" data-longitude="-73.9773717793477" data-moreList="%5B%7B%22icon%22%3A%22https%3A%5C%2F%5C%2Fcdn.lavamap.com%5C%2Fwp-lavamap-link%5C%2Fpublic%5C%2Fimg%5C%2FviewOnMap.svg%22%2C%22url%22%3A%22https%3A%5C%2F%5C%2Flavamap.com%5C%2Fproperty%5C%2F27-West-72-Street-New-York-NY-10023%5C%2F1011257502-0%22%2C%22urlLabel%22%3A%22View%20on%20LavaMap%22%7D%2C%7B%22icon%22%3A%22https%3A%5C%2F%5C%2Fcdn.lavamap.com%5C%2Fwp-lavamap-link%5C%2Fpublic%5C%2Fimg%5C%2Fownership.svg%22%2C%22url%22%3A%22https%3A%5C%2F%5C%2Flavamap.com%5C%2Fproperty%5C%2F27-West-72-Street-New-York-NY-10023%5C%2F1011257502-1%22%2C%22urlLabel%22%3A%22View%20Ownership%20on%20LavaMap%22%7D%2C%7B%22icon%22%3A%22https%3A%5C%2F%5C%2Fcdn.lavamap.com%5C%2Fwp-lavamap-link%5C%2Fpublic%5C%2Fimg%5C%2FleaseComps.svg%22%2C%22url%22%3A%22https%3A%5C%2F%5C%2Ftherealdeal.com%5C%2Fnew-research%22%2C%22urlLabel%22%3A%22TRData%22%7D%5D" data-articleList="%5B%5D" rel="noopener noreferrer">27 West 72nd Street</a></a> #1505

12 East 13th Street #PH and 27 West 72nd Street #1505

Price chops, a fixture of the Manhattan luxury residential market for over a year now, may be starting to slow down.

Sellers cut the ask on 33 percent of Manhattan apartments and townhouses in the third quarter of the year, down from 44 percent the second quarter, the Wall Street Journal reported, citing data from StreetEasy. Price reductions also slowed in Brooklyn, with 25 percent of homes reduced in the third quarter, down from 35 percent in the second quarter, according to the publication.

Brokers said that the reduction in prices may represent a recalibration of the market. Sellers have become more realistic in recent months, and are increasingly likely to negotiate with buyers. As a result, many overpriced listings have been pulled from the market. Manhattan resale inventory dropped for the first time in three years in the second quarter of the year, according to Douglas Elliman’s quarterly report.

“There was a lot of price cutting and a lot of selling, a lot of the product that was sitting around got sold,” Gregory Heym, the chief economist for Brown Harris Stevens and Halstead Property, told the Journal. “Now we have gotten back to a market that is slower. The frenzied pace isn’t what it was earlier in the year.” [WSJ]Miriam Hall

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