New York City saw even fewer sellers slash their listing prices in August compared to previous months, according to RealtyHop's monthly report.
Upper East Side-Carnegie Hill saw the most cuts, with 104 drops compared to 142 when the area was number two on the list for July. For the first time in recent months, two outer-borough neighborhoods made the list of the areas with the most cuts: Forest Hills, Queens, saw the second-most cuts with 102 price drops and Riverdale, the Bronx, came in fifth with 81 cuts.
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.
A six-bedroom, six-and-a-half-bath condo in Lincoln Square saw the biggest dollar price drop with a $3,505,000 cut to $19,995,000. The listing with the largest percentage price drop was a Fidi two-bedroom, two-bath condo, with a 41 percent drop to $1,390,000.
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 August
1965 Broadway #PH3C, Lincoln Square
This six bedroom, six and a half bath saw a $3,505,000 cut to $19,995,000. The penthouse has a fireplace, terraces, floor-to-ceiling windows, hardwood floors, built-ins, Creston and Lutron smart home controls, radiant-heat floors, central air, and a library. Amenities include a doorman, concierge, resident manager, and bike room.
1902 8th Ave., Greenwood Heights
This multifamily saw a $1,500,000 drop to $3,500,000. The eight-unit building has five two-bedroom apartments and three three-bedroom apartments plus an unfinished basement and backyard.
123 Washington St., #52F, FiDi
This two bedroom, two bath saw a $960,000 cut to $1,390,000. The corner apartment has oversized windows, hardwood floors, Sub-Zero and Miele appliances, and central air. Amenities include a gym, game lounge, doorman, and roof deck. The apartment will be sold in an auction.
63-48 Forest Ave., Ridgewood
This multifamily saw a $680,000 drop to $2,000,000. It has six apartments, two commercial spaces, an unfinished basement, and backyard.
99 Spring St., #4FL, Soho
This two bedroom, two bath saw a $500,000 cut to $2,000,000. The co-op has exposed brick, hardwood floors, recessed lighting, stainless steel appliances, a decorative fireplace, and in-unit washer/dryer.
Top 5 NYC addresses with the highest percentage price drop in August
123 Washington St., #52F, Fidi
This two bedroom, two bath saw a 41 percent cut to $1,390,000. The condo has dark hardwood floors, white cabinetry, stainless steel appliances, central air, and in-unit laundry. The building has a gym and roof deck.The apartment will be sold at auction.
1902 8th Ave., Greenwood Heights
This multifamily saw a 30 percent cut to $3,500,000. The building has eight apartments, an unfinished basement with a separate entrance, and backyard.
2199 Holland Ave., #LM, Pelham Parkway
This two bedroom, one bath saw a 25 percent cut to $149,999. It has new appliances, quartz-stone countertops, hardwood floors, and several closets. The building has a laundry room and virtual doorman.
214 Mulberry St., #4DE, Nolita
This two bedroom, one and a half bath saw a 20 percent cut to $1,395,000. It has hardwood floors, ceiling fans, stainless steel appliances, exposed brick, high ceilings, built-ins, and in-unit laundry.
1560 Metropolitan Ave., #ME, Parkchester
This one bedroom, one bath saw a 20 percent drop to $199,000. The condo is freshly painted and has several closets.
You Might Also Like