Price Cuts: Calvin Klein's former UES townhouse slashed by nearly 20%; Penthouse at 109 East 79th cut by $3M

By CityRealty Staff | From Get To Know Wednesday, May 21, 2025

16 East 76th Street (Douglas Elliman)

Between the "City of Yes for Housing Opportunity" initiative and new tax incentives, a flurry of office-to-residential conversions have been filed in recent weeks alongside the others that have already opened their doors. Proponents see this as a solution to New York City's well-known housing shortage; however, it must be noted that when converting office interiors to apartments that meet the Department of Buildings' light and air requirements, the result is sometimes unusually deep or awkward layouts.

Still, there are good deals to be found in early conversions with impressive amenity packages and increasingly vibrant sections of the Financial District and Tribeca. Several such listings were among over 250 condos, co-ops, condops, and townhouses in core New York City areas that experienced price reductions from May 13-19, 2025.

Also last week, the neo-Georgian townhouse at 16 East 76th Street had its price reduced. Fashion designer Calvin Klein bought it from the Gucci family in 1988 and renovated the top floor to include a "disco room," but did not stay for long. He sold it to the Republic of Italy as a residence for their United Nations Ambassador; however, the Italian ambassador has moved to another base. It was initially listed for $20 million in February 2023, came back on the market for $19 million in February 2025, and the price was just reduced to $16 million.

Elsewhere on the Upper East Side, boutique condominium 109 East 79th Street took the neighborhood by storm with its thoughtful design, generous amenity package, expansive floor plans, and features like sunken living rooms and private terraces in select units. Resales in the building are few and far between, but Penthouse 16 was listed for $38 million in June 2024. A price reduction last week brings it down to $34.9 million, but the seller still stands to make a profit, having bought it for just over $28 million in September 2022.

A selection of notable listings, as well as a full chart of last week's discounts, may be seen below. Please be advised that all quoted figures reflect cumulative price cuts as opposed to the most recent reductions.

-8.2% | -$3,100,000

109 East 79th Street, #PH16
$34,900,000

Carnegie Hill | Condominium | 5 Bedrooms, 5.5 Baths | 6,548 ft²

109 East 79th Street, #PH16 (Modlin Group LLC)

From the Listing: Penthouse 16 is a magnificent residence, designed by Brazilian interior designer Felippe Crescenti, spanning a full floor and stretching to 6,548 square feet with 640 square feet of outdoor space and offering 100 feet of contiguous rooms and two terraces with south exposure. Offering five bedrooms and a den, five ensuite bathrooms, and a powder room, this gracious home features lofty 10’-7” ceilings and south, east, north and west exposures. See floor plan and full details here.

-17.9% | -$3,500,000

16 East 76th Street, #TH
$16,000,000

Park/Fifth Ave. to 79th St. | Townhouse | 6+ Bedrooms, 6+ Baths | 10,258 ft²

16 East 76th Street, #TH (Douglas Elliman Real Estate)

From the Listing: Constructed in the twilight of the Gilded Age, 16 East 76th Street is a handsome 1902 brick and limestone neo-Georgian townhouse with a large footprint, built nearly full on a 102' lot with 16 rooms, including 6 bedrooms, 6 bathrooms, 2 powder rooms and elevator serving six levels in 10,258 square feet, including the 1,693-square-foot basement. Impressive features include an exquisite brick and limestone neo-Georgian facade, a grand entrance hall and staircase, a magnificent parlor floor with elegant living room and formal dining room seating 16 for diplomatic dinners, 8 fireplaces, soaring ceilings and brilliant sunlight. See floor plan and full details here.

-10.7% | -$950,000

1035 Park Avenue, #PH
$7,900,000

Carnegie Hill | Cooperative | 2 Bedrooms, 2.5 Baths

1035 Park Avenue, #PH (Brown Harris Stevens Residential Sales LLC)

From the Listing: A truly exceptional full-floor penthouse, surrounded by expansive, beautifully landscaped terraces with direct access from every room-offering seamless indoor-outdoor living and breathtaking natural light in every direction. The residence was meticulously rebuilt from the studs up over four years. Step off the elevator directly into a sky-lit private foyer, where elegant French doors lead to the sprawling terrace. See floor plan and full details here.

-21.1% | -$2,000,000

Abi Chelsea, #3N
$7,500,000

Chelsea | Condominium | 3 Bedrooms, 3.5 Baths | 2,650 ft²

Abi Chelsea, #3N (Compass)

From the Listing: Residence 3N is an ultra-modern full-floor condominium with a spectacular private terrace directly off of the great room. This contemporary masterpiece has sophisticated finishes, 10' ceilings, abundant natural light throughout, and a 47’ wide great room facing northwest. A custom, open-concept chef's kitchen boasting elevated finishes and a premium suite of appliances. See floor plan and full details here.

-12.9% | -$875,000

The Cononado, #PHA
$5,900,000

Carnegie Hill | Cooperative | 5 Bedrooms, 4 Baths

The Cononado, #PHA (Sothebys International Realty)

From the Listing: Welcome to the penthouse at 940 Park Avenue, a dignified duplex with up to 5 bedrooms and 4 full bathrooms spanning a generous 3,160 square feet. Marvel at the expansive wrap-around terrace, a stunning 775 square feet of outdoor bliss offering open views that capture the essence of Manhattan living. The living room exudes warmth with a wood burning fireplace and showcases architectural beauty through huge arch-shaped windows. See floor plan and full details here.

-14.3% | -$750,000

75 Kenmare Street, #6D
$4,500,000

NoLiTa/Little Italy | Condominium | 3 Bedrooms, 3.5 Baths | 1,791 ft²

75 Kenmare Street, #6D (Douglas Elliman Real Estate)

From the Listing: With historic Downtown NYC views through giant oversized picture windows, this perfectly proportioned corner three-bedroom is a Nolita dream come true. This grand corner which bathes in stunning southern and western natural sunlight all day, enjoys open living and dining areas featuring historic rooftop and skyline views, as well as an open windowed kitchen showcasing all Gaggenau appliances with integrated cabinetry throughout. See floor plan and full details here.

-10.6% | -$450,000

Trump Palace, #34C
$3,800,000

Lenox Hill | Condominium | 3 Bedrooms, 3.5 Baths | 1,958 ft²

Trump Palace, #34C (Brown Harris Stevens Residential Sales LLC)

From the Listing: Three-bedroom condo on the Upper East Side redefines luxury living and offers breathtaking panoramic views through floor-to-ceiling windows and two private terraces. The sun-drenched living room, anchored in the southwest corner, opens onto a private balcony with spectacular vistas of iconic Midtown landmarks and Central Park. The adjacent formal dining room (originally a bedroom with en-suite bath) provides an ideal setting for entertaining. Oversized storage unit in the basement comes with the apartment. See floor plan and full details here.

-2.6% | -$100,000

The Collect Pond House, #PH
$3,795,000

Tribeca | Cooperative | 2 Bedrooms, 2 Baths

The Collect Pond House, #PH (Berkshire Hathaway HomeServices New York Properties)

From the Listing: This stunning one-of-a-kind prewar penthouse has been meticulously renovated down to the studs, seamlessly blending enchanting turn-of-the-century detail with modern luxury. Every room is bathed in stunning southern light with open downtown views. Upon entering, you'll find a fully fitted, double-sized coat closet across from an attractive marble-topped home office space with opaque shelving. A solid spiral staircase ascends to the upper-level greenhouse lounge, a unique and charming feature of this home. Storage cage included. See floor plan and full details here.

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-13.9% | -$445,000

J.W. Marriott Essex House, #1115A
$2,750,000

Midtown West | Condominium | 2 Bedrooms, 2 Baths | 1,220 ft²

J.W. Marriott Essex House, #1115A (Corcoran Group)

From the Listing: Boasting an unparalleled panoramic views of Central Park that are forever protected, this high-floor two-bedroom features oversized windows, built-in bookcases, herringbone floors, a renovated kitchen with rosewood cabinets and marble countertops, and seven large closets throughout. Building amenities include a state-of-the-art fitness center, impeccable concierge service, and 24-hour room service. See floor plan and full details here.

-17.6% | -$555,000

The Albert, #5A/6A
$2,595,000

Greenwich Village | Cooperative | 4 Bedrooms, 3 Baths

The Albert, #5A/6A (Compass)

From the Listing: Proposed duplex combination sits on the top two floors of its Greenwich Village building, and offers space, light and privacy rarely seen at this price point. The expansive, loft-like, top floor features 18-foot ceilings with skylights, a massive living area with an open concept kitchen, and a bedroom that can become an additional primary suite. Downstairs are three additional bedrooms, two full bathrooms, a den and washer/dryer. See floor plan and full details here.

-12% | -$300,000

One Museum Mile, #10B
$2,200,000

East Harlem | Condominium | 2 Bedrooms, 2 Baths | 1,480 ft²

One Museum Mile, #10B (Level Group Inc)

From the Listing: Central Park views from every window in this stunning split two-bedroom! The apartment features an open chef's kitchen with granite countertops, custom teak cabinetry, and appliances by Thermador, Miele and Bosch. Both bedrooms offer amazing closet space with luxurious bathrooms. See floor plan and full details here.

-11.1% | -$250,001

The Royal York II, #W5FG
$1,999,999

Lenox Hill | Condop | 3 Bedrooms, 2 Baths

The Royal York II, #W5FG (Douglas Elliman Real Estate)

From the Listing: Stunning, spacious one-of-a-kind, gut-renovated oasis on the Upper East Side! Sophisticated design and exceptional craftsmanship throughout, featuring maple hardwood floors, custom lighting and cabinetry, wireless internet and Sonos connections. The kitchen is outfitted with marble countertops, a large island, high-end appliances, and water filtration system. See floor plan and full details here.

-7.2% | -$155,000

98 Front Street, #8T
$1,995,000

DUMBO | Condominium | 2 Bedrooms, 2 Baths | 1,218 ft²

98 Front Street, #8T (Compass)

From the Listing: Industrial style meets designer luxury in this sprawling two-bedroom, two-bathroom showplace featuring a desirable split-bedroom layout, private outdoor space and premium finishes. A gracious foyer flanked by a coat closet welcomes you into the expansive great room, an ideal setting for seamless indoor-outdoor entertaining alongside your private balcony. Chefs will love the open Italian kitchen, where custom wood cabinetry and white Corian surround top-of-the-line Bosch appliances. Purchase includes a parking space valued at $150,000. See floor plan and full details here.

-16.7% | -$300,000

The Oculus, #C1
$1,500,000

Chelsea | Condominium | 1 Bedroom, 2 Baths

The Oculus, #C1 (Brown Harris Stevens Residential Sales LLC)

From the Listing: Located at the nexus of Flatiron, Chelsea, Union Square, and Greenwich Village, this oversized 1-bedroom + home office, 2-bathroom home delivers the perfect mix of style, serenity, and walk-everywhere convenience. Enter through a gracious foyer/mudroom with a large coat closet, and continue down a hallway where your den or guest space sits to the right. The hallway opens into a sun-filled living and dining area with soaring ceilings and striking industrial-style, double-paned windows. See floor plan and full details here.

-24.3% | -$450,000

The Saint Mark, #15F
$1,399,000

East Village | Cooperative | 2 Bedrooms, 2 Baths

The Saint Mark, #15F (R New York)

From the Listing: Welcome to this high-floor dream home with bright eastern exposures and an extra-large balcony, the perfect spot for entertaining guests or simply relaxing after a long day. The apartment features a large living room and dining area accommodating six people. The kitchen opens to the dining and living areas and features a Sub-Zero refrigerator and a Bosch dishwasher, and a pantry. Both bedrooms enjoy spacious closets, oversized windows, and built-in office desks. See floor plan and full details here.

-9.7% | -$125,000

The Pythian, #8A
$1,170,000

Broadway Corridor | Condominium | 1 Bedroom, 1.5 Baths | 765 ft²

The Pythian, #8A (Compass)

From the Listing: This exquisite one-bedroom duplex is a true architectural marvel, boasting a striking 16-foot ceiling that invites an abundance of natural light through its northern-facing windows. The bamboo wood flooring sets a warm and sophisticated tone as you enter, leading you into the grand room with its dramatic ceiling height and a dining alcove perfect for intimate gatherings or elegant entertaining. See floor plan and full details here.

-6.8% | -$85,000

1 Mount Morris Park West, #4B
$1,165,000

Harlem | Condominium | 2 Bedrooms, 1.5 Baths | 900 ft²

1 Mount Morris Park West, #4B (Brown Harris Stevens Residential Sales LLC)

From the Listing: Nestled within a beautifully preserved brownstone in the heart of the coveted Mount Morris Park Historic District, this elegant condo offers a perfect fusion of pre-war charm and contemporary design. The residence features exquisite herringbone hardwood floors, soaring 9-foot-plus ceilings, and oversized windows that flood the space with natural light and offer stunning views of Mount Morris Park. The open-concept layout effortlessly connects the living, dining, and kitchen areas, creating a spacious and inviting atmosphere. Private storage cage included. See floor plan and full details here.

-28.3% | -$395,001

753 East 5th Street, #1A
$999,999

East Village | Condominium | 2 Bedrooms, 2 Baths | 900 ft²

753 East 5th Street, #1A (Coldwell Banker Warburg)

From the Listing: Duplex maisonette condo features two bedrooms, two bathrooms, two private outdoor spaces, and a separate private and gated entrance adjacent to the building. This entryway is a rarity in Manhattan and sets the tone for this home's unique lifestyle. You are instantly greeted by a 300-plus square foot garden designed for outdoor entertaining, grilling, lounging, rest and relaxation, or even parking! Southern and western sunlight flood both levels, creating a warm, homey living experience. See floor plan and full details here.

-13.1% | -$151,000

The John Jay House, #PHC
$999,000

Lenox Hill | Cooperative | 1 Bedroom, 1.5 Baths

The John Jay House, #PHC (Compass)

From the Listing: Welcome to Penthouse C, a spacious convertible 2 bedroom/1.5 bathroom home filled with all-day light, views and a wrap around private penthouse terrace perfect for outdoor living and gardening. Come in through the foyer into the large sun flooded living room with East River views and beautiful west-facing skyline views. A separate area, that could easily become a second bedroom, has an oversized built-in desk with a magnificent picture window that faces west. See floor plan and full details here.

-14.9% | -$149,000

Greenwich Club, #3505
$850,000

Financial District | Condominium | 1 Bedroom, 1 Bath | 681 ft²

Greenwich Club, #3505 (Compass)

From the Listing: From this sun-flooded unit on one of the highest floors in all of FiDi, you get unobstructed southern water and Verrazzano bridge views from the bedroom - perfect for your work-from-home desk perched in an iconic Manhattan skyline setting with additional city views to the east. Interiors boast ample storage especially in the kitchen, an expansive dining area and separate living space for you to create your oasis within the city. See floor plan and full details here.

-11.2% | -$95,000

The Langston, #6V
$750,000

Harlem | Condominium | 2 Bedrooms, 2 Baths | 831 ft²

The Langston, #6V (Corcoran Group)

From the Listing: This beautifully renovated two-bedroom offers a rare blend of modern comfort and tranquil city living, overlooking the serene common terrace. Step inside and be greeted by abundant natural light streaming through south and east-facing windows, offering picturesque garden views. The home is in pristine condition, featuring a stylishly renovated kitchen with stainless steel appliances, including a dishwasher.421(a) tax abatement until 2032. See floor plan and full details here.

-12.6% | -$100,000

420 Beekman Hill, #3C
$695,000

Beekman/Sutton Place | Cooperative | 2 Bedrooms, 2 Baths

420 Beekman Hill, #3C (Compass)

From the Listing: This turnkey bright and beautifully renovated two-bedroom home offers a rare combination of smart upgrades, gracious proportions, and timeless charm. The windowed kitchen with a breakfast bar is a true highlight — flooded with natural light, storage and equipped with top-of-the-line appliances. Brand new Brazilian oak flooring runs throughout the home, complemented by wall to wall windows with an easy open/close feature, and updated HVAC systems with Bluetooth temperature control for modern comfort and ease. The building provides complimentary Wi-Fi and Spectrum cable service. See floor plan and full details here.

-14.1% | -$98,000

District, #716
$599,000

Financial District | Condominium | Studio, 1 Bath | 687 ft²

District, #716 (Brown Harris Stevens Residential Sales LLC)

From the Listing: This airy and bright home features one of the best alcove studio layouts in the building, providing ample space to spread out and offering separation between the bedroom and living areas. Enjoy the beautiful natural light that streams through the oversized south-facing windows, and the open-concept floor plan, which is ideal for entertaining. The unit boasts an impressive ceiling height of approximately 11.5 feet, along with wide-plank flooring, giving it a modern and sleek vibe. See floor plan and full details here.

-9.3% | -$51,000

Avanti, #PHD
$499,000

Flatbush | Condominium | 1 Bedroom, 1 Bath | 590 ft²

Avanti, #PHD (Corcoran Group)

From the Listing: With comfort, convenience, and function at the forefront of design, this beautiful condominium offers plenty of room for living, dining, storage and more. A king-sized bedroom, commodious foyer, private terrace, and an array of in-unit and building amenities elevate the standard of living to the next level at 1462 Flatbush Avenue. See floor plan and full details here.

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In this article:

-8.2% | -$3,100,000

109 East 79th Street, #PH16
$34,900,000

-17.9% | -$3,500,000

16 East 76th Street, #TH
$16,000,000

-10.7% | -$950,000

1035 Park Avenue, #PH
$7,900,000

-21.1% | -$2,000,000

Abi Chelsea, #3N
$7,500,000

-12.9% | -$875,000

The Cononado, #PHA
$5,900,000

-14.3% | -$750,000

75 Kenmare Street, #6D
$4,500,000

-10.6% | -$450,000

Trump Palace, #34C
$3,800,000

-2.6% | -$100,000

The Collect Pond House, #PH
$3,795,000

Select which properties are of interest to you:

-13.9% | -$445,000

J.W. Marriott Essex House, #1115A
$2,750,000

-17.6% | -$555,000

The Albert, #5A/6A
$2,595,000

-12% | -$300,000

One Museum Mile, #10B
$2,200,000

-11.1% | -$250,001

The Royal York II, #W5FG
$1,999,999

-7.2% | -$155,000

98 Front Street, #8T
$1,995,000

-16.7% | -$300,000

The Oculus, #C1
$1,500,000

-24.3% | -$450,000

The Saint Mark, #15F
$1,399,000

-9.7% | -$125,000

The Pythian, #8A
$1,170,000

-6.8% | -$85,000

1 Mount Morris Park West, #4B
$1,165,000

-28.3% | -$395,001

753 East 5th Street, #1A
$999,999

-13.1% | -$151,000

The John Jay House, #PHC
$999,000

-14.9% | -$149,000

Greenwich Club, #3505
$850,000

-11.2% | -$95,000

The Langston, #6V
$750,000

-12.6% | -$100,000

420 Beekman Hill, #3C
$695,000

-14.1% | -$98,000

District, #716
$599,000

-9.3% | -$51,000

Avanti, #PHD
$499,000

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In this article:

-8.2% | -$3,100,000 109 East 79th Street, #PH16$34,900,000

-17.9% | -$3,500,000 16 East 76th Street, #TH$16,000,000

-10.7% | -$950,000 1035 Park Avenue, #PH$7,900,000

-21.1% | -$2,000,000 Abi Chelsea, #3N$7,500,000

-12.9% | -$875,000 The Cononado, #PHA$5,900,000

-14.3% | -$750,000 75 Kenmare Street, #6D$4,500,000

-10.6% | -$450,000 Trump Palace, #34C$3,800,000

-2.6% | -$100,000 The Collect Pond House, #PH$3,795,000

Select which properties are of interest to you:

-13.9% | -$445,000 J.W. Marriott Essex House, #1115A$2,750,000

-17.6% | -$555,000 The Albert, #5A/6A$2,595,000

-12% | -$300,000 One Museum Mile, #10B$2,200,000

-11.1% | -$250,001 The Royal York II, #W5FG$1,999,999

-7.2% | -$155,000 98 Front Street, #8T$1,995,000

-16.7% | -$300,000 The Oculus, #C1$1,500,000

-24.3% | -$450,000 The Saint Mark, #15F$1,399,000

-9.7% | -$125,000 The Pythian, #8A$1,170,000

-6.8% | -$85,000 1 Mount Morris Park West, #4B$1,165,000

-28.3% | -$395,001 753 East 5th Street, #1A$999,999

-13.1% | -$151,000 The John Jay House, #PHC$999,000

-14.9% | -$149,000 Greenwich Club, #3505$850,000

-11.2% | -$95,000 The Langston, #6V$750,000

-12.6% | -$100,000 420 Beekman Hill, #3C$695,000

-14.1% | -$98,000 District, #716$599,000

-9.3% | -$51,000 Avanti, #PHD$499,000

Select which properties are of interest to you:

Listings in this article

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Company

-8.2% | -$3,100,000

109 East 79th Street, #PH16
$34,900,000

-17.9% | -$3,500,000

16 East 76th Street, #TH
$16,000,000

-10.7% | -$950,000

1035 Park Avenue, #PH
$7,900,000

-21.1% | -$2,000,000

Abi Chelsea, #3N
$7,500,000

-12.9% | -$875,000

The Cononado, #PHA
$5,900,000

-14.3% | -$750,000

75 Kenmare Street, #6D
$4,500,000

-10.6% | -$450,000

Trump Palace, #34C
$3,800,000

-2.6% | -$100,000

The Collect Pond House, #PH
$3,795,000

-13.9% | -$445,000

J.W. Marriott Essex House, #1115A
$2,750,000

-17.6% | -$555,000

The Albert, #5A/6A
$2,595,000

-12% | -$300,000

One Museum Mile, #10B
$2,200,000

-11.1% | -$250,001

The Royal York II, #W5FG
$1,999,999

-7.2% | -$155,000

98 Front Street, #8T
$1,995,000

-16.7% | -$300,000

The Oculus, #C1
$1,500,000

-24.3% | -$450,000

The Saint Mark, #15F
$1,399,000

-9.7% | -$125,000

The Pythian, #8A
$1,170,000

-6.8% | -$85,000

1 Mount Morris Park West, #4B
$1,165,000

-28.3% | -$395,001

753 East 5th Street, #1A
$999,999

-13.1% | -$151,000

The John Jay House, #PHC
$999,000

-14.9% | -$149,000

Greenwich Club, #3505
$850,000

-11.2% | -$95,000

The Langston, #6V
$750,000

-12.6% | -$100,000

420 Beekman Hill, #3C
$695,000

-14.1% | -$98,000

District, #716
$599,000

-9.3% | -$51,000

Avanti, #PHD
$499,000