
One of the advantages of buying in a new construction condominium is having first crack at the layouts and finishes of one's choice. Some early buyers go so far as to combine units and/or embark on further customizations while the building is still under construction, but most buyers use this time to snap up the best views and/or most desirable floor plans. This causes some listings to linger on the market longer than others.
Such a scenario may be playing out at Olympia, the sail-shaped building that transformed the DUMBO skyline. The winner of 6sqft's 2022 Building of the Year and a NYCxDESIGN Award finalist, its height and proximity to the Brooklyn Bridge allow for gorgeous views of the bridge, river, and Manhattan skyline from many of the 76 one-bed through penthouse units. Interiors by Workstead feature oversized windows, custom kitchens with Fior di Bosco stone slab countertops and Gaggenau appliances, and primary bedrooms with walk-in closets and luxe en suite baths.
In this article:

Olympia's claim to fame is its full-size tennis court overlooking the Brooklyn Bridge. It is on an outdoor terrace with a pool and hot tub, children's playground with water park, and grilling and dining areas. Indoor amenities include a fitness center, a two-lane bowling alley, a lap pool, a children's playroom, and a game lounge. The building is nearly 60% sold, attracting the likes of former Brooklyn Nets point guard Ben Simmons, and six sponsor units have recently had their prices reduced.
-8.3% | -$249,000
Olympia, #24C
$2,750,000
DUMBO | Condominium | 2 Bedrooms, 2 Baths | 1,303 ft2

Olympia, #24C (Douglas Elliman Real Estate - Residential - Brokerage)


Olympia is the tallest building in its Brooklyn neighborhood, but almost petite compared to some of Manhattan's skyscrapers. Several about to join the ranks are 625 Madison Avenue being developed by Related Companies and 655 Madison Avenue, an Extell-developed tower taking shape on an assemblage of five sites on Madison Avenue and East 60th Street. This would result in enough air rights to build a tower large enough to guarantee spectacular city views for the apartments inside, but one that would disrupt those of its neighbors. It is against this backdrop that a penthouse at 500 Park Avenue and two listings at 520 Park Avenue, two buildings in the line of fire, had their prices reduced last week.
These units were among over 250 condos, co-ops, condops, and townhouses in core New York City neighborhoods that experiences price reductions from March 25-31, 2025. A selection of notable listings, as well as a full chart of last week's price cuts, may be seen below. Please be advised that all quoted figures reflect cumulative price cuts as opposed to the most recent reductions.
Select active listings reduced over the past week
-11.1 | -$5,005,000
Soho Greene, #PH
$39,995,000
SoHo | Condominium | 3 Bedrooms, 4.5 Baths | 6,814 ft2

Soho Greene, #PH (Compass)


-12.3% | -$2,799,999
The Greenwich Lane, #3WEST
$19,950,000
Greenwich Village | Condominium | 5 Bedrooms, 5.5 Baths | 4,206 ft2

The Greenwich Lane, #3WEST (Compass)


-17.3% | -$3,454,999
Irving Place, #PH910
$16,495,000
Gramercy Park | Condominium | 5 Bedrooms, 5.5 Baths | 4,826 ft2

Irving Place, #PH910 (Compass)

-23.1% | -$4,500,000
500 Park Tower, #Penthouse39/40
$15,000,000
Midtown East | Condominium | 6+ Bedrooms, Unknown Baths | 9,072 ft2

500 Park Tower, #Penthouse39/40 (Sothebys International Realty)


-9.6% | -$1,245,000
234 Clinton Street, #TH
$11,750,000
Cobble Hill | Townhouse | 6+ Bedrooms, 5.5 Baths | 5,500 ft2

234 Clinton Street, #TH (Compass)



-5.7% | -$350,000
885 West End Avenue, #12AC
$5,850,000
Riverside Dr./West End Ave. | Cooperative | 5 Bedrooms, Unknown Baths

885 West End Avenue, #12AC (Sothebys International Realty)

-9.2% | -$505,000
1155 Park Avenue, #10NE
$4,995,000
Carnegie Hill | Cooperative | 3 Bedrooms, 2.5 Baths

1155 Park Avenue, #10NE (Sothebys International Realty)

-5.5% | -$245,000
The Park Mansion, #Penthouse
$4,250,000
Yorkville | Condominium | 3 Bedrooms, Unknown Baths | 2,308 ft2

The Park Mansion, #Penthouse (Modlin Group LLC)

-8.4% | -$355,000
415 Degraw Condominium, #TWO
$3,895,000
Boerum Hill | Condominium | 4 Bedrooms, 3 Baths | 2,168 ft2

415 Degraw Condominium, #TWO (Park Property Advisors)


-7.9% | -$255,000
The O'Neill Building, #2E
$2,995,000
Chelsea | Condominium | 2 Bedrooms, 2.5 Baths | 1,620 ft2

The O'Neill Building, #2E (Compass)


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-16.7% | -$499,999
166 Perry Street, #4B
$2,500,000
West Village | Condominium | 2 Bedrooms, 2 Baths | 1,493 ft2

166 Perry Street, #4B (Compass)

-11.6% | -$313,000
505 W 43, #8H
$2,385,000
Midtown West | Condominium | 3 Bedrooms, 3.5 Baths | 1,854 ft2

505 W 43, #8H (Corcoran Sunshine Marketing Group)

-34.5% | -$1,104,999
870 Fifth Avenue, #11D
$2,095,000
Park/Fifth Ave. to 79th St. | Cooperative | 2 Bedrooms, 2.5 Baths | 1,600 ft2

870 Fifth Avenue, #11D (Berkshire Hathaway HomeServices New York Properties)

-11.1% | -$250,000
The Niagara, #13G
$2,000,000
Carnegie Hill | Cooperative | 2 Bedrooms, 2 Baths

The Niagara, #13G (Compass)

-16.7% | -$400,000
The Wexford, #4D
$1,995,000
Riverside Dr./West End Ave. | Cooperative | 2 Bedrooms, 2 Baths

The Wexford, #4D (Brown Harris Stevens Residential Sales LLC)

-11.6% | -$220,000
Washington Court, #3B
$1,675,000
Greenwich Village | Condominium | 1 Bedroom, 1 Bath | 936 ft2

Washington Court, #3B (Compass)
-8.6% | -$150,000
Olympia, #17D
$1,600,000
DUMBO | Condominium | 1 Bedroom, 1 Bath | 794 ft2

Olympia, #17D (Douglas Elliman Real Estate - Residential - Brokerage)
-24.3% | -$479,999
21 East 22nd Street, #6H
$1,495,000
Flatiron/Union Square | Cooperative | 1 Bedroom, 1 Bath | 1,500 ft2

21 East 22nd Street, #6H (Corcoran Group)

-25.9% | -$350,001
237 Devoe Street, #1R
$999,999
Williamsburg | Condominium | 1 Bedroom, 1.5 Baths | 987 ft2

237 Devoe Street, #1R (Elegran LLC)

-9.3% | -$100,000
Rockefeller Apartments, #10A
$975,000
Midtown West | Cooperative | 1 Bedroom, 1 Bath | 980 ft2

Rockefeller Apartments, #10A (Compass)

-18.9% | -$175,000
309 East 87th Street, #6H
$750,000
Yorkville | Cooperative | 2 Bedrooms, 1 Bath

309 East 87th Street, #6H (SAMUEL REALTY GROUP LLC)

-4.6% | -$150,999
The Kingsley, #1703
$710,000
Lenox Hill | Condominium | 1 Bedroom, 1 Bath | 535 ft2

The Kingsley, #1703 (Sothebys International Realty)


306 West 13th Street, #3A (Douglas Elliman Real Estate)

-7.2% | -$49,999
65 West 95th Street, #7G
$649,000
Central Park West | Cooperative | 1 Bedroom, 1 Bath

65 West 95th Street, #7G (Compass)

Astoria Lights, #C3 (DGSIR Realty)

-9.8% | -$64,999
Castle Village, #103
$600,000
Washington Heights | Cooperative | 1 Bedroom, 1 Bath | 796 ft2

Castle Village, #103 (Corcoran Group)


325 West 21st Street, #14 (Yoreevo LLC)


The Mildred, #4E (Corcoran Group)

-7.2% | -$45,000
East River Coop, #H1206
$580,000
Lower East Side | Cooperative | 1 Bedroom, 1 Bath | 800 ft2

East River Coop, #H1206 (Keller Williams NYC)

-2.5% | -$14999
269 West 72nd Street, #9B
$580,000
Broadway Corridor | Cooperative | 1 Bedroom, 1 Bath

269 West 72nd Street, #9B (Compass)

Lincoln Towers, #25C (Compass)

2 West 67th Street, #1A (Brown Harris Stevens Residential Sales LLC)

-14.0% | -$80,999
102 West 80th Street, #16
$499,000
Broadway Corridor | Cooperative | 1 Bedroom, 1 Bath

102 West 80th Street, #16 (Corcoran Group)

482 East 74th Street, #1C (Douglas Elliman Real Estate - Residential - Brokerage)

Would you like to tour any of these properties?
Just complete the info below.
Or call us at (212) 755-5544
Would you like to tour any of these properties?