Articles on Discounted Manhattan Asking Prices

How Haircuts Happen: Tribeca Luxury Condo Tribeca Summit As Object Lesson In Condominium Economics

Tribeca Summit in Manhattan We've previously written about Tribeca Summit, one of the more promising luxury condo listings in Tribeca, here at the New Construction Manhattan blog. We've written about Tribeca Summit both because it's one of the more striking pre-war condominium listings in Tribeca and because it is an exceptionally good source of blog copy -- from bitter-ish management disputes to price cuts, Tribeca Summit is an interesting building that has the misfortune, as the Yiddish curse goes, to live in interesting times. But while condos continue to sell at Tribeca Summit, its continued willingness/need to reduce prices on its apartments for sale has made it a frequent subject of analysis. Add it all up, as Sandy Mattingly does at his blog Realtown, and you've got a portrait of a very appealing Manhattan condominium listing with some very appealingly negotiable prices on its condos for sale.

The Cost of Privacy: Getting Lower By The Day, At Least At New Upper East Side Condo Isis

ISIS in the Upper East SideUniqueness is not something most people seek in Upper East Side luxury condos, or at least it's pretty far below luxurious amenities, spacious floor plans, an Upper East Side location and a bunch of other factors. But of all the things that an Upper East Side condo listing can make itself unique, Isis, a new construction condo at 303 East 77th Street, picked a pretty savvy one. By building just 32 condominiums across its 17 floors, Isis made itself one of the most private condominium listings on the Upper East Side. As distinguishing marks go, a spacious condo without a ton of neighbors works pretty well. Now, though, Isis has another unique attribute to its name: where other luxury condos are confidently raising prices, as we reported last week, Curbed reports that Isis is cutting prices dramatically, for the second time since February.

Down From The (Tribeca) Summit: Tribeca Luxury Condo Conversion Cuts Prices

The Summit in TribecaWe've written before about Tribeca Summit at the New Construction Manhattan blog. The pre-war luxury condo conversion at 415 Greenwich Street in Tribeca has -- despite its exceptional promise and striking pre-war looks -- had a rough go of it in terms of squabbling developers and other brand-tarnishing Manhattan real estate mishaps. While the apartments for sale at Tribeca Summit remain very attractive in their own right and the property remains among the most appealing condo listings in Tribeca, the soft market and hard-to-watch developer squabbles dictated that something had to give. And so it has: Curbed reports that list prices on condos at Tribeca Summit have come down some 20 percent of late. What does this mean?

Curbed: Buyer's Market for Condos Illustrated By Discounts at Upper East Side Luxury Condo Building 300 East 79

300 East 79 in the Upper East SideIf you're reading the New Construction Manhattan blog, there's a decent chance you're looking for a condo or apartment in Manhattan. Which means that there's a decent chance that you've probably noticed at least two things while searching for a condo or apartment for sale in New York City. The first is that everyone out there is quick to tell you that the market for NYC condos and apartments is currently tilted in the buyer's favor; the second is that the asking prices for those Manhattan condominiums and apartments don't really seem to have come down all that much. The operative word there is "seem" -- as we discussed in an earlier post to the New Construction Manhattan blog, the asking prices for NYC condos at the moment are notably different than the amounts that people are actually paying for NYC condos. In a post at Curbed, Sara Polsky uses Upper East Side luxury condominium 300 East 79 (no points for guessing that 300 East 79 is indeed located at 300 East 79th Street) as a lesson in the difference between the asking price for a Manhattan apartment and the actual price of said Manhattan apartment.