Iconic Dakota building struggles amid condo competition

What do Grammy-winning singer Roberta Flack and late socialite Jacqueline Bikoff have in common?

One buyer is snagging both of their homes inside Manhattan’s storied Dakota building for an undisclosed sum.

Their two co-op apartments have entered contract to a mystery purchaser who could combine them into a grand 14-room manse, The Post revealed earlier this week. Flack’s residence, which has spent time on and off the market since June 2015, most recently asked $6.99 million — down from its original $9.5 million asking price.

Bikoff’s, listed for $16.75 million in January 2016, underwent five price cuts to $10 million. Brokers for both units declined to comment on deal specifics.

Should the deal close in 2018, these would be the first Dakota apartments to sell since 2016, when a two-bedroom traded for $2.83 million, according to CityRealty.

The significant reduction in the co-ops’ asking prices, though, begs a reexamination of the tony building’s status in the city’s elite real estate market.

The 1884-built Dakota sports a mix of opulent details and historic cachet.MCNY

The Dakota — constructed in 1884 on Central Park West and 72nd Street as America’s first-ever luxury apartment building — has long boasted well-heeled residents with glitzy homes to match. In 2015, for instance, it nabbed a flurry of headlines for the $21 million sale of late starlet Lauren Bacall’s nine-room, park-facing residence, which spent less than a year listed.

But a handful of other apartments there have faced longer spells on the market and a number of price cuts before entering contract or being delisted. From one perspective, the Dakota may now be a place where savvy buyers can find a relative deal — should the notoriously strict co-op board approve them, of course.

At the same time, the lingering, discounted units indicate that the city’s high-end prewar co-op market is losing its luster, in part because it faces intense competition from new condo developments.

StreetEasy shows six Dakota units currently on the market, from $1.69 million for a foot-in-the-door one-bedroom listed since 2016 to an 11-room $20.5 million home that hit the market in the fall.

Clockwise from upper left: The Dakota has housed such luminaries as Lauren Bacall, Boris Karloff, Roberta Flack, and John Lennon and Yoko Ono.AP Photo; ohn Springer Collection/CORBIS/Corbis via Getty Images; AP Photo/Steve Sands; Charles Sykes/Invision/AP

At price points in between, there’s…

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