Getting Ready

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

By Austin Havens-Bowen | May 12, 2022 - 12:30PM

This Upper East Side four-bedroom, four-and-a-half bath co-op saw the biggest dollar price drop with a $10,000,000 cut to $29,500,000

RealtyHop

Manhattan saw far more sellers slash their listing prices in April compared to March, according to RealtyHop's monthly report. 

The Upper East Side-Carnegie Hill saw the most cuts once again, with 217 drops, a considerable increase from 173 last month. Turtle Bay-East Midtown was the area with the second-most cuts for another month, with 171 cuts, up from 159. The other top neighborhoods were the same as last month, and saw a range of 115 to 129 drops, also an increase from April. 

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.

An Upper East Side four-bedroom, four-and-a-half-bath co-op saw the biggest dollar price drop with a $10,000,000 cut to $29,500,000. The listing with the largest percentage price drop was a Greenwood Heights two-family house with a 29 percent cut to $1,275,000. 

Here are listings with the deepest price chops still on the market according to RealtyHop's report.

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

993 Fifth Ave., #PH, Upper East Side 

This four bedroom, four and a half bath saw a $10,000,000 to $29,500,000. The co-op has a private elevator landing, terraces, fireplaces, built-ins, moldings, millwork, stainless steel appliances, central air, new windows, and a laundry room. The building has a doorman, gym, and storage. 

781 Fifth Ave., #18FL, Lenox Hill 

This six bedroom, eight bath saw a $6,500,000 drop to $38,500,000. It has fireplaces, beamed ceilings, moldings, millwork, hardwood floors, three terraces, dressing rooms, a media room, and central air. Located in the Sherry Netherland, amenities include 24-hour doormen, elevator attendants, housekeeping, and valet parking. 

3 Riverside Dr., Upper West Side

This building saw a $6,000,000 cut to $16,000,000. The limestone was formally owned by William Guggenheim. Architectural plans for a full renovation were approved by the city, according to the listing.

54 East 64th St., Lenox Hill 

This six bedroom, six bath saw a $6,000,000 cut to $42,000,000. The townhouse features high ceilings, hardwood floors, decorative fireplaces, skylights, stainless steel appliances, moldings, terraces, central air, and a Lutron home system. 

810 Fifth Ave., #8FL, Lenox Hill 

This four bedroom, four and a half bath saw a $3,300,000 cut to $16,500,000. The co-op has a wood-burning fireplace, moldings, built-ins, hardwood floors, oversized windows, a laundry room, library, and study. The building has a doorman. 

Top 5 NYC addresses with the highest percentage price drop in April 

128 19th St., Greenwood Heights 

This two-family building saw a 29 percent cut to $1,275,000. One unit has three bedrooms, two baths, and the other has two bedrooms, one bath. There are hardwood floors, granite counters, and separate heating units. 

55-34 97th Pl., Corona

This two-family house saw a 28 percent cut to $1,999,000. It has a detached garage, driveway, and patio.

3 Riverside Dr., Upper West Side

This townhouse saw a 27 percent cut to $16,000,000. The property has unobstructed views of Riverside Park and the Hudson River. 

993 Fifth Ave., #PH, Upper East Side

This four bedroom, four and a half bath saw a 25 percent cut to $29,500,000. It has moldings, millwork, built-ins, terraces, a formal dining room, library, and a grand foyer. Amenities include a doorman and gym.

35 Seacoast Terrace, #2G, Brighton Beach

This one bedroom, one bath saw a 25 percent cut to $375,000. The co-op has hardwood floors and oversized windows. The building has a gym, doorman, parking, and bike storage. 

 

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