Published On: Thu, Apr 7th, 2016

Prices chopped for over 30 percent of NYC penthouses

Average discount reaches nearly 10 percent as market slows

Prices chopped for over 30 percent of NYC penthouses

 

So this is what a “penthouse correction” looks like?

Of the 261 penthouse units for sale in Manhattan as of April 1, more than 35 percent of them had price chops since being listed, according to data compiled by listings portal StreetEasy at The Real Deal’s request. The median penthouse price was $6.7 million, and the average discount was nearly 10 percent, the analysis found.

The steepest cut was at Walker Tower, where the 5, 995-square foot penthouse is now asking $55 million, down from $70 million, a 21.4 percent reduction.

At 165 Perry Street, a $25.5 million penthouse had $14.3 million chopped off the original asking price of $39.8 million. And at 12 East 13th Street, the 5, 704-square-foot penthouse is now asking $19.55 million, an $11 million drop from the original price of $30.5 million.

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