Getting Ready

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

By Austin Havens-Bowen | January 19, 2022 - 9:30AM 

This five-bedroom, seven-bath townhouse in Brooklyn Heights saw a $2,750,000 cut to $15,000,000. 

RealtyHop

Fewer New York City sellers dropped their listing prices in December compared to previous months, according to a recent RealtyHop report.

Turtle Bay-East Midtown was the neighborhood with the most price cuts once again, with 90 drops, down from 136 previously. Hudson Yards saw the second-most cuts, up from third in November. And for the first time in recent months, an outer-borough neighborhood made the list: Forest Hills, Queens, with 64 price 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.

The listing with the biggest dollar price drop was a five-story townhouse in Greenwich Village with a $4,000,000, or 22 percent, cut to $13,995,000. A Canarsie property that comes with plans for a condo development saw the highest percentage price drop, down 51 percent, or $2,050,000, to $1,950,000.

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 December

Photo of 17 W 9th St

17 West 9th St., Greenwich Village

This five-story townhouse saw a $4,000,000 cut to $13,995,000. It's currently configured with commercial space on the ground floor and rental apartments on the upper floors. It has an elevator, bay windows, high ceilings, and moldings. 

Livingroom at 88 Remsen St

88 Remsen St., Brooklyn Heights 

This five-bedroom, seven-bath townhouse saw a $2,750,000 cut to $15,000,000. It features high ceilings, floor-to-ceiling windows, hardwood floors, terraces, moldings, recessed lighting, arched doorways, stainless steel appliances, and a fireplace. There's also a carriage house. 

Photo of 9115 Bedell Lane

9115 Bedell Ln., Canarsie 

This property saw a $2,050,000 cut to $1,950,000. It's one of two lots and comes with plans for a five-unit condo building. 

Fitness Center, Kitchen at 80 Washington Pl

80 West Washington Pl., Greenwich Village

This six-bedroom, eight-bathroom townhouse saw a $1,505,000 drop to $24,995,000. It has a glass elevator, Creston home system, wine cellar, laundry room, hardwood floors, exposed brick, oversized windows, recessed lighting, fire places, and a terrace. 

Livingroom at Unit PH27 at 502 Park Ave

502 Park Ave., #PH27, Lenox Hill 

This four bedroom, six and a half bath saw a $1,495,000 cut to $13,500,000. The penthouse features three fireplaces, coffered ceilings, floor-to-ceiling windows, hardwood floors, custom moldings, marble countertops, stainless steel appliances, custom closets, central air, and in-unit laundry. Amenities include a doorman, concierge, maid service, and gym.

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

Photo of 9115 Bedell Lane

9115 Bedell Ln., Canarsie 

This property saw a 51 percent cut to $1,950,000. It's one of two lots and comes with plans for a five-unit condo building. 

Photo of 10-31 Gipson Street

10-31 Gipson St., Far Rockaway 

This six bedroom, four bath saw a 41 percent cut to $590,000. The three-family house has a basement, backyard, driveway, and hardwood floors. 

Photo of Unit 2G at 1738 Union Street

1738 Union St., #2G, Crown Heights

This one bedroom, one bath saw a 24 percent cut to $1,800,000. The condo has hardwood floors, storage, and a walk-in closet. 

Photo of 176 18th Street

176 18th St., Greenwood Heights 

This six bedroom, one and a half bath saw a 24 percent drop to $1,800,000. It's configured as a two-family house but it currently used as a single family. The house has recessed lighting, ceiling fans, hardwood floors, stainless steel appliances, and a backyard. 

Floorplan at 17 W 9th St

17 West 9th St., Greenwich Village

This five-story townhouse saw a 22 percent cut to $13,995,000. It's currently configured with an office space on the first floor and rental apartments on the upper floors. It features an elevator, hardwood floors, high ceilings, and original details. 

 

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