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

By Austin Havens-Bowen | December 3, 2020 - 1:30PM 

This four bedroom, six bath on the Upper East Side made both lists for highest dollar and highest percentage price drops, with a $7,400,000, or 31 percent, price drop.

RealtyHop

Manhattan sellers made fewer cuts to their listing prices in November compared to previous months, according to RealtyHop's monthly price drops report. 

The Upper East Side-Carnegie Hill saw the most price cuts with a total of 171, a steep drop compared to the previous month, when there were 224 price cuts. Turtle Bay-East Midtown, which was the top neighborhood in October with 259 cuts, saw only 159 price cuts in November. All of the other top neighborhoods were also in Manhattan.

In its monthly price drop report, RealtyHop identifies neighborhoods with the highest total number of price cuts. It also highlights areas with the biggest percentage drop in median price, and the biggest median dollar price drop.

The five apartments with the highest dollar price drop, and four of the five with the highest percentage price drop, were all on the Upper East Side. The apartment with the highest dollar price drop was a four-bedroom, six-bath co-op, which saw a $7,400,000, or 31 percent, price cut. The apartment also made the list of highest percentage price drops.

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 November

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1040 Fifth Ave., #13A, Upper East Side

This four bedroom, six bath saw a price drop of $7,400,000 to $16,500,000. The co-op has a private elevator landing, high ceilings, wood-burning fireplaces, oversized windows, walk-in closets, a chef's kitchen with Viking and Miele appliances, sound system, and security system. Amenities include a full-time doorman, elevator operator, concierge, and storage room.

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995 Fifth Ave., #PH, Upper East Side 

This six bedroom, seven and a half bath saw a price drop of $5,000,000 to $50,000,000. The condo features 10-foot ceilings, wood-burning fireplaces, multiple private terraces, floor-to-ceiling windows, built-in bookshelves, stainless steel appliances, a Crestron smart-home system, laundry room, and study. Amenities include a doorman, gym, spa, and bike storage. 

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1220 Park Ave., #PHB, Upper East Side 

This five bedroom, six and a half bath saw a price drop of $3,000,000 to $15,000,000. The penthouse features a private elevator landing, six wood-burning fireplaces, multiple terraces and balconies, crown molding, French doors, built-in bookshelves, Sub-Zero and Viking appliances, a full-floor master suite, Miele washer/dryer, and storage unit. Amenities include a doorman, gym, and storage. 

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200 East 69th St., GRANDPH, Upper East Side

This three bedroom, three and a half bath saw a price drop of $2,750,000 to $8,750,000. The penthouse has a private elevator landing with intricate marble floors, high ceilings, a gas fireplace, several balconies, hardwood floors, and oversized windows. A studio apartment, #4E, is included in the purchase. Amenities include a fulltime doorman, concierge, garage, fitness center, and courtyard.

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625 Park Ave., #1AD, Upper East Side 

This five bedroom, five and a half bath saw a price drop of $2,450,000 to $13,500,000. Apartment #1AD features a grand foyer, coffered ceilings, crown molding, custom millwork, built-in shelves, new mechanical systems including electric and HVAC, triple-laminate windows, Crestron smart-home system, security system, and a terrace. Amenities include a doorman, concierge, live-in resident manager, fitness center, and laundry room.

Top 5 addresses with the highest percentage price drop in November 

44 Prospect Park West, #A2, Park Slope 

This one bedroom, one bath saw a price drop of 32 percent to $649,999. The co-op has hardwood floors, arched doorways, four closets, and marble-tiled bath. Amenities include a storage room, laundry room, and bike storage.

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1040 Fifth Ave., #13A, Upper East Side

This four bedroom, six bath saw a price drop of 31 percent to $16,500,000. The co-op has a marble entryway, 20th century crown molding, a formal dining room with views of Central Park, a library with a wood-burning fireplace, two powder rooms, a maid's room, and a laundry room with a Miele washer/dryer. Amenities include a full-time doorman, concierge, and storage rooms.

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200 East 69th St., #GRANDPH, Upper East Side 

This three bedroom, three and a half bath saw a price drop of 24 percent $8,750,000. The penthouse features hardwood floors, wood paneling, 360-degree views, high ceilings, walk-in closets, a home office, Sherle Wagner fixtures, and central air conditioning. Amenities include a doorman, fitness center,  bike storage, courtyard, and garage. 

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301 East 61st St., #3D, Upper East Side 

This one bedroom, two bath saw a price drop of 24 percent to $989,000. The duplex has 18-foot ceilings, floor-to-ceiling windows, white oak floors, multi-zone central air conditioning, Miele appliances, and an in-unit washer/dryer. Amenities include a doorman, gym, bike storage, and landscaped terrace.

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570 Park Ave., #7D, Upper East Side

This three bedroom, two bath saw a price drop of 20 percent to $1,750,000. Apartment #7D has original hardwood floors, high ceilings, crown molding, a working fireplace, and an in-unit washer/dryer. Amenities include a doorman, gym, laundry room, and garden.

 

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