Here are the NYC apartments for sale with the deepest price chops in June

By Jennifer White Karp | July 8, 2019 - 9:00AM 

520 West 28th St., designed by the late starchitect Zaha Hadid, has two listings that saw deep price cuts in June.


The top addresses for steepest price cuts in June, according to RealtyHop’s New York City Price Drop Report, are at two well-known Manhattan buildings, 845 United Nations Plaza, otherwise known as Trump World Tower, and 520 West 28th St. The latter is a futuristic building that has its own IMAX theater and robotic parking. It was designed by the late starchitect Zaha Hadid and has seen sales stall.

In addition, the report says the area of Turtle Bay-East Midtown saw the most price cuts for the second month in a row, with 210 price cuts, the same number as the previous month.

RealtyHop's survey focuses on neighborhoods with the highest total number of price drops, specifically the highest price drops by median percentage, median dollar value, and by street address. In June, Hudson Yards-Chelsea-Flatiron-Union Square area made the top five list, knocking out Lenox Hill-Roosevelt Island from last month’s list.

The addresses on the top five percentage price drop list are located in Manhattan, except for one address in the Bronx. All of these addresses saw cuts above 22 percent.

All of the addresses on the top five with the biggest dollar price drops are in Manhattan and saw cuts that range from $2.5 million to $9.8 million last month.

Below is a look at the listings with deepest price chops identified in RealtyHop's report.

Top 5 NYC addresses with the biggest dollar price drop in June

520 West 28th St., #PH37, Chelsea

This five-bedroom, seven-bath condo saw a huge discount last month of $9,750,000 to its current price of $29,750,000. It’s located in the futuristic building along the High Line that was designed by the late, renowned architect Zaha Hadid. The three-level penthouse has a private elevator, sculptural staircase, and a 2,000-square-foot terrace.

845 United Nations Plaza, #82CD, Midtown East

This three-bedroom, two-and-a-half-bath condo in Trump World Tower received a price chop of $6,000,000 to its current asking price of $18,000,000. The 5,000-square-foot apartment has 12-foot ceilings and triple exposures with views of iconic NYC landmarks like the Empire State Building, Chrysler Building, United Nations, and the Freedom Tower as well as Central Park and the East River.

39 East 72nd St., Penthouse, Upper East Side

This four-bedroom, four-and-a-half bath condo had its price cut last month by $4,000,000 to the current ask of $25,000,000. A private elevator opens directly into the gallery, and a great room features a southern exposure, walnut floors, a gas fireplace with a limestone mantel, and wet bar with high-end appliances and a Calacatta marble counter and backsplash.

21 East 90th St., #PHD, Upper East Side

This four-bedroom four-and-a-half-bathroom co-op had its price cut by $2,750,000 to $9,750,000 last month. The apartment has a wrap-around terrace with unobstructed Central Park and reservoir views and a private elevator landing that opens to a 25-foot living room.

520 West 28th St., #27, Chelsea

This four-bedroom, five-bath condo saw its price slashed by $2,525,000 last month to its current asking price of $9,975,000. Like the apartment that leads this list, it is located the striking Zaha Hadid-designed building along the High Line. It has 3,840 square feet and a kitchen with Gaggenau appliances. The master suite has dual walk-in closets.

Top 5 NYC addresses with the biggest percentage price drop in June

845 United Nations Plaza, #82CD, Midtown East

This three-bedroom, two-and-a-half-bath condo in Trump World Tower (also on the ranking above) saw a price cut of 25 percent last month to $18,000,000. It has a wet bar, 40-foot living room with three gas fireplaces, and a open chef’s kitchen that can be closed off. There’s a gym as well as a home office and a 400-plus-square-foot, windowed dressing room with automated closets.

520 West 28th St., #37, Chelsea

This five-bedroom, seven-bath condo (also on the list above) saw a giant chop last month of 24.7 percent to its current price of $29,750,000. The roof level of the penthouse has views of the Chelsea skyline, The High Line and the Empire State Building. There is also potential to create a pool or hot tub on this level.

107 East 36th St., #1B, Murray Hill

This studio co-op saw a 24.6 percent drop of $220,000 to the current asking price of $675,000. This is a garden apartment with hardwood floors, a separate dining area and windowed kitchen. The garden is 650 square feet.

2244 Bronx Park East, #3E, Allerton

This Bronx studio co-op saw 23.3 percent drop, or $30,000, a small cut that reduced the asking price to a very low $99,000. (Comps are not available for Allerton, but the median asking price in nearby Morris Park is $225,000.) The apartment has hardwood floors, a renovated kitchen with granite countertops and a new refrigerator, and a remodeled bathroom with a dressing area and closet. It is across from Reiss Park, and near the New York Botanical Garden and Bronx Zoo.

21 East 90th St., #PHD, Upper East Side

This four-bedroom, four-and-a-half-bathroom co-op (also on the list above) had its price cut by 22 percent to $9,750,000. It has has three planted terraces and a wood-paneled library with a wood-burning fireplace. There’s a formal dining room and a windowed, eat-in kitchen.


Jennifer White Karp

Managing Editor

Jennifer White Karp steers Brick Underground’s editorial coverage of New York City residential real estate and writes articles on market trends and strategies for buyers, sellers, and renters. Jennifer’s 15-year career in NYC real estate journalism includes stints as a writer and editor at The Real Deal and its spinoff publication, Luxury Listings NYC. She holds a B.A. from Wesleyan University and an MFA in nonfiction writing from the New School.

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