Apartments for sale in New York that have seen the biggest price drops


Manhattan saw significantly fewer sellers cut their listing prices in July compared to recent months, according to the latest edition of RealtyHop’s monthly report.

Turtle Bay-East Midtown saw the most price drops with 160 price drops, down significantly from 207 the previous month. Upper East Side-Carnegie Hill saw the second largest drop, with a drop of 249 to 142. The other neighborhoods with the most price drops were also in Manhattan, with a range of 111 to 133 price drops per piece.

In its Monthly Price Drop Report, RealtyHop identifies neighborhoods with the highest total number of price drops. It also highlights the areas with the biggest percentage drop in median price and the biggest drop in median dollar price.

A six-bedroom, six-and-a-half-bathroom condo in the West Village saw the biggest dollar price drop with a reduction from $9,000,000 to $44,000,000. The listing with the biggest percentage price drop was a one-bedroom, one-bathroom co-op in Morrisania with a 54% cut to $39,000.

Here are the listings with the lowest prices yet on the market according to RealtyHop’s report.

Top 5 New York Addresses With The Biggest Dollar Price Drops In July

This six-bedroom, six-and-a-half-bathroom has seen a reduction from $9,000,000 to $44,000,000. The triplex has four decks, floor-to-ceiling windows, recessed lighting, a chef’s kitchen with a walk-in fridge and two butler’s pantries, a Creston house system, central air conditioning and a storage unit . Facilities include a doorman, gym and swimming pool.

This five-bedroom, five-and-a-half-bathroom has seen a reduction from $4,000,000 to $19,995,000. The penthouse features direct elevator entry, fireplace, balconies, rooftop terrace, central air conditioning, crown moldings, high ceilings, Miele and Sub-Zero appliances and custom cabinetry. The building has a doorman, laundry room, bicycle storage and swimming pool.

This four-bedroom, four-bathroom has seen a reduction from $3,050,000 to $14,950,000. It has terraces, balconies, high ceilings, Viking appliances, floor to ceiling windows, central air conditioning, fireplace and parking space. Facilities include a doorman, concierge, gym and bike storage.

This four-bedroom, five-and-a-half-bathroom saw a drop from $2,995,000 to $32,000,000. The co-op has fireplaces, oversized windows, hardwood floors, recessed lighting, built-ins, woodwork and stainless steel appliances. The building has a doorman, gym and laundry room.

This three bedroom, three and a half bath has seen a reduction from $2,300,000 to $19,700,000. Apartment #46C has Miele appliances, tile and hardwood floors, 10 foot ceilings, floor to ceiling windows, recessed lighting, central air conditioning, and walk-in closets. The building has indoor and outdoor swimming pools, a theater, a wine bar and a doorman.

Top 5 New York addresses with the highest percentage price drop in July

This bedroom, one bath saw a 54% drop to $39,000. The co-op has hardwood and tile floors, exposed brick, crown molding and ceiling fans.

This multifamily saw a 41% reduction to $1,150,000. It currently has a four bedroom apartment on the first floor and a five bedroom apartment on the second. It can be reconfigured into six units, according to the listing.

This six-bedroom, three-bathroom saw a 40% reduction to $1,199,000. The Victorian home has new siding, updated electrical, private driveway, two-car garage, covered porch, crown molding, hardwood floors, stainless steel appliances, and recessed lighting.

This multifamily saw a 29% drop to $1,200,000. It currently has three apartments with a total of nine bedrooms and six bathrooms.

This one bedroom, one bath saw a 29% reduction to $450,000. The condo has hardwood floors, stainless steel appliances, granite countertops, in-unit washer and dryer, central air conditioning, and oversized windows. Facilities include a doorman, bike storage, rooftop terrace and gym.

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