The 5 biggest price chops on luxury pads last week

Two years ago, New York City’s luxury residential market seemed limitless, but these days, sellers are adjusting to a very different reality.
Data provided to The Real Deal by StreetEasy for the period between Oct. 10 and Oct. 16 show sellers are continuing to discount properties in an effort to shift inventory. The two biggest cuts were Penthouse 1 and Penthouse West at 505 West 19th Street — which were reduced by 12 and 11 percent respectively. Here’s a look at the five biggest price chops for properties priced over $10 million:

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