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The Harkov Lewis Team

Lic. Assoc. R.E. Broker
Office:(212) 381-4246

Specializing in Luxury Residential Sales in Manhattan and Brooklyn

Mentioned in this Article:
The Real Deal

The Biggest Price Cuts On Luxury Pads This Week

In total, eight pads in the city’s over-$10 million market received price reductions of more than 5 percent between March 13 and 20, according to data from StreetEasy. While there have been some early signs the city’s luxury market is heating up, it seems there are still plenty of sellers making price reductions in order to move product.

9 East 89th Street
Previous Price: $20 million
Current Price: $18 million ($1,747 per square foot)
Percentage Drop: 10 percent
Built in 1902, this six-floor townhouse in Carnegie Hill spans 10,285 square feet. There’s an elevator, 13-foot ceilings and a “Parisian-style” Juliette balcony overlooking 89th Street. The building is owned by Fred Lebow, the New York City marathon co-founder and the former president of the New York Road Runners. The 23-foot-wide townhouse was used as the organization’s headquarters from 1981 until recently.

The Harkov Lewis team at Halstead Property has the listing.
“It’s just about bringing it in line to where we feel the market is today,” said Ari Harkov of the price reduction, adding that he’s shown the property several times since lowering the price. “There is a fair amount of inventory of larger, higher priced homes, particularly on the Upper East Side.”

Thursday, March 23, 2017