Former New York City mayor Rudy Giuliani recently slashed the asking price of his ritzy Upper East Side apartment amid mounting legal and financial woes in connection with his work as Donald Trump’s fixer.
Not everyone has Trump-related bills to pay, but plenty of other big-name Manhattanites have had to mark down their homes lately.
Timothy Savage, a clinical assistant professor at NYU’s Schack Institute of Real Estate, said one factor is simply supply and demand, and that the situation is in some ways the “inverse” of what the average New Yorker is facing.
“The challenge with affordable housing is there’s a lot of demand and not a lot of supply,” Savage said. “At the high end of the market we’ve got the mirror image, which is there’s now a lot of supply and not a lot of demand.”
He pointed to the influx of new luxury homes, such as along Billionaires’ Row.
“This is certainly a trend to pay attention to as these new supertalls come online,” he said.
Savannah Guthrie
“Today Show” co-anchor Savannah Guthrie cut the asking price for her Tribeca condo by $600,000 in September, bringing the asking price down to $6.5 million. Guthrie and husband Michael Feldman first listed their full-floor loft in January for $7.1 million.
Travis Mark for Sotheby’s International Realty
Partial view of Savannah Guthrie’s apartment. (Photo by Travis Mark for Sotheby’s International Realty)According to city records they bought it for $7.1 million in 2017, the year after the building was constructed.
The four-bedroom property is one of just 13 units in the upscale doorman building located a block from City Hall Park.
Travis Mark for Sotheby’s International Realty
Inside Savannah Guthrie’s apartment. (Photo by Travis Mark for Sotheby’s International Realty)The 3,735-square foot apartment features “soaring” 10-foot ceilings, a fireplace, hardwood flooring, speakers in the wall and ceiling, hand-painted wall murals and a home office, according to the listing with Sotheby’s.
Guthrie told the Wall Street Journal when they put the property up for sale that the family had a “vision and dream of living in a townhouse” somewhere in the city.
Travis Mark for Sotheby’s International Realty
View of Savannah Guthrie’s apartment. (Photo by Travis Mark for Sotheby’s International Realty)Baz Luhrmann
Director Baz Luhrmann (of “Elvis” and “The Great Gatsby” fame) is looking to offload his 19th century Gramercy townhouse, and recently cut the asking price to just under $18 million after listing it for nearly $20 million last year. He bought it in 2017 for $13.5 million, per city records, and spent years renovating it.
The six-bedroom home boasts Stuyvesant Square Park views and is considered unusually wide by townhouse standards, broker Steve Gold said.
According to the Corcoran listing it features an elevator, balcony, garden, a grand winding staircase and five fireplaces.
Gold told the Daily News that Luhrmann and his wife, Oscar-winning costume and production designer Catherine Martin, have been spending most of their time in their native Australia since the pandemic.
“They really don’t need such a large home and footprint in New York City,” he said.
Sherry Bronfman
A historic Beaux-Arts mansion on the Upper West Side’s Riverside Drive had its asking price marked down $4 million to $20 million last month.
It’s being sold by “Shaft” actress Sherry Bronfman, who was previously married to Edgar Bronfman Jr., the Seagram heir and former Warner Music CEO. He bought it in 1978 and their three children were brought up there, including DJ and influencer Hannah Bronfman.
Sherry Bronfman listed it for sale in May as it’s “so much more space than she needs now,” agent Jonathan Stein told the News.
Built at the turn of the century, the landmark River Mansion features a roof deck with “unparalleled” Hudson River views, according to the listing with Douglas Elliman. The five-floor, five-bedroom home has a grand foyer, parlor, library, wine room, elevator and seven wood-burning fireplaces. The 10,000-square-foot space hosted the Kips Bay Decorator Show House earlier this year, with interior designers transforming the different rooms.
“You could never replicate it today,” Stein said of the building. “It’s a work of art.”
Rosie O’Donnell
Comedian and television personality Rosie O’Donnell put her swanky Turtle Bay penthouse on the market in May to relocate to Los Angeles with her youngest daughter, the New York Times reported at the time. The Long Island native initially asked for $8.3 million but has since trimmed the asking price to $7.95 million.
She bought it in 2017 for $8 million in 2017, according to the Times, and it served as her primary residence.
The four-bedroom home has a private rooftop terrace, wood-burning fireplace, Jacuzzi bathtub and sauna, plus 360-degree city views from the private rooftop terrace, per the listing with Brown Harris Stevens.
Annie Leibovitz
Famed photographer Annie Leibovitz listed her prewar Central Park West duplex last month for $8.6 million. She hasn’t cut the price, but it’s far less than the $11.25 million she paid for it in 2014 despite making a number of renovations since.
The four-bedroom property has a grand staircase, Central Park views and “soaring” ceilings and is located in the historic Brentmore building, which has also housed A-listers such as Robert De Niro and Paul Simon.
According to the Times, Leibovitz has “resettled downtown” in a West Village apartment.
“The apartment is now too big for me,” she told the paper.
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