In a move reflecting the current dynamics of Manhattan’s luxury real estate market, international supermodel Irina Shayk has significantly reduced the asking price of her West Village duplex by $1 million, bringing the listing to $3.29 million from its original June price tag of $4.2 million.
The price adjustment comes at a time when Manhattan’s luxury market continues to show signs of cooling, with high-end properties facing extended days on market and increased price negotiations. The Russian-born model and entrepreneur, whose portfolio includes coveted Sports Illustrated covers and whose social media influence extends to 23.7 million followers, stands to realize a substantial return on investment despite the price cut, having acquired the property for $1.96 million in 2010.
Located at 166 Perry Street, the 2,450-square-foot residence showcases the architectural vision of Asymptote Architecture in a boutique 2008 development that helped pioneer the luxury glass tower trend in the historically low-rise West Village. The building’s timing proved prescient, predating the neighborhood’s transformation into one of Manhattan’s most sought-after luxury enclaves.
The first-floor duplex boasts specifications that align with current luxury market demands: 11-foot-plus ceilings, wide-plank oak flooring, and floor-to-ceiling windows that have become standard features in premium Manhattan properties. The residence’s smart home integration includes voice-controlled sound systems, automated lighting, and climate control features that appeal to tech-savvy buyers in the $3 million-plus market segment.
The property’s layout reflects evolving luxury lifestyle requirements, with a dedicated home office space becoming increasingly valuable in the post-pandemic real estate landscape. The primary suite, complete with a spa-inspired bathroom and walk-in closet, speaks to the luxury buyer’s expectations for hotel-like amenities within private residences.
A notable feature is the designer kitchen, curated by acclaimed New York designer Laura Kirar, whose portfolio includes high-profile residential and commercial projects worldwide. The lower level, while windowless, has been optimized as an entertainment space with additional bedroom quarters suitable for staff accommodation—a feature that remains in demand among luxury buyers.
The building’s amenities package, while modest compared to newer development standards, includes essential luxury components: a fitness center, storage facilities, and a roof terrace offering Hudson River and Manhattan skyline views. This amenity mix has proven sufficient to maintain the building’s competitive position in the West Village’s luxury segment.
Shayk, who shares a daughter with actor Bradley Cooper, purchased the property during her relationship with soccer superstar Cristiano Ronaldo, exemplifying the frequent intersection of celebrity real estate portfolios with market trends. The current price adjustment suggests a strategic approach to market realities, as luxury properties face increased scrutiny from buyers amid rising interest rates and economic uncertainties.
The reduced price point positions the property competitively within the West Village market, where similar-sized luxury residences currently command prices between $3-4 million. This adjustment may attract buyers seeking value opportunities in Manhattan’s prime neighborhoods while still offering the seller a significant return on her 2010 investment.
As Manhattan’s luxury real estate market continues to adjust to new economic realities, this listing represents a broader trend of price recalibration in the high-end segment, particularly for properties that have been on the market for extended periods. The outcome of this listing may serve as a bellwether for similar luxury properties in downtown Manhattan’s premium neighborhoods.