Price Falls on East 53rd Street

It's new year, new price with this 1,749-square-foot, three-bedroom, two-and-a-half-bath condo at 310 East 53rd Street. The $2.6 million asking price (which represents a $100,000 drop since yesterday) amounts to $1,484 per square foot. Though some units in the building have gone for much more than that, plenty of others are still looking for new owners after a year on the market. And don't forget about competing projects in the area only adding to the inventory. Will buyers bite? Maybe. But at this price, and with other lures (high-style fixtures, a 222-square-foot private terrace, floor-to-ceiling windows), the developers should get a nibble or two. — S. Jhoanna Robledo