Wednesday, October 11, 2017

High-End New York Residential Asking Prices Coming Down (including David Rockefeller's place)

From The Real Deal, Oct. 10:

The biggest price cuts on luxury pads
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:
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....
When the Rockefeller townhouse came on the market at $32.5 million Mansion Global mentioned:
...Despite the cachet of the property’s last owner, a billionaire banker who once controlled Chase Manhattan Bank and wielded wide influence in New York and around the world, the asking price is below the top prices at which Upper East Side townhouses have traded over the last decade because of its location and condition....
It does look a bit dowdy but hey, Mr. Rockefeller was 101 when he died and probably not all that interested in upgrades the last five years or so.

Via Curbed, June 9:

Possibly of more interest to our readers is the art collection which will hit the block next year.