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

By Austin Havens-Bowen  |
March 7, 2022 - 3:30PM

This Upper East Side townhouse saw the biggest dollar price drop with a $8,000,000 cut to $44,000,000. 


Fewer Manhattan sellers cut their listing prices last month compared to January, according to RealtyHop's monthly report.

The list of neighborhoods that saw the most cuts were all in Manhattan, as in previous months—but had a range of 88 to 160 price drops, down from 101 to 160 in January. The Upper East Side-Carnegie Hill remained the neighborhood with the most price cuts with 160, the same amount as January. Turtle Bay-East Midtown saw the second most cuts with 137 drops, up from 115 previously. 

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 Upper East Side townhouse with a $8,000,000 drop to $44,000,000. A one-bedroom co-op in Crown Heights saw the largest percentage price drop with a 57 percent cut to $150,000.

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 February

Livingroom, Dining at 991 5th Ave

991 Fifth Ave., Upper East Side

This townhouse saw a $8,000,000 drop to $44,000,000. The Beaux-Arts townhouse features moldings, millwork, chandeliers, built-ins, hardwood floors, recessed lighting, mantels, and an elevator. 

Photo of Unit PHB at 111 Central Park N

111 Central Park West, #PHB, Lincoln Square 

This four bedroom, four bath saw a $2,550,000 cut to $16,950,000. The condo has two terraces, 30-foot ceilings, floor-to-ceiling windows, recessed lighting, Viking stainless steel appliances, marble countertops, walk-in closets, and a fireplace. The building has a doorman, concierge, security, bike room, and parking garage. 

Photo of Unit 83E at 217 W 57th St

217 West 57th St., #83E, Theater District 

This four bedroom, four and a half bath saw a $2,020,000 cut to $31,950,000. The condo has floor-to-ceiling windows, Miele appliances, custom cabinets, recessed lighting, built-ins, high ceilings, and an in-unit washer and dryer. Amenities include a doorman, fitness center, and pool.

Floorplan at Unit TWNHSE at 38 W 11th St

38 West 11th St., Greenwich Village

This six bedroom, six bath saw a $2,000,000 cut to $14,500,000. The property consists of two connected townhouses and a guest house. The main house features high ceilings, fireplaces, parquet floors, original moldings, and pocket doors. 

Photo of Unit 1617F at 1185 Park Ave

1185 Park Ave., #1617F, Carnegie Hill

This four bedroom, five and a half bath saw a $2,000,000 drop to $17,500,000. The penthouse duplex has three terraces, a fireplace, stainless steel appliances, walk-in closets, high ceilings, oversized windows, Creston smart-home controls, and hardwood floors. Amenities include a doorman, bike storage, roofdeck, and fitness center. 

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

Empty Room at Unit C4 at 578 Ralph Ave

578 Ralph Ave., #C4, Crown Heights 

This one bedroom, one bath saw a 57 percent drop to $150,000. The HDFC co-op has hardwood floors, several windows, white appliances, and a built-in bookshelf. The maximum income is $70,000 for one person and $140,000 for two people. 

Photo of 531 East 26th St

531 East 26th St., Flatbush 

This multi-family building saw a 41 percent cut to $499,000. The semi-detached building has a total of five bedrooms and three baths.

Photo of 992 Lenox Road

992 Lenox Rd., East Flatbush 

This three-family saw a 35 percent cut to $650,000. It has a garage and three rental apartments. 

Photo of Unit B at 60 Pineapple St

60 Pineapple St., #B, Brooklyn Heights 

This two bedroom, one bath saw a 31 percent cut to $1,350,000. It has coffered ceilings, custom cabinetry, stainless steel appliances, exposed brick, hardwood floors, recessed lighting, built-ins, and an in-unit washer and dryer. The building has a doorman and bike storage.

Photo of Unit 6FL at 3614 Johnson Ave

3614 Johnson Ave., #6FL, Central Riverdale

This three bedroom, three bath saw a 30 percent cut to $1,000,000. The condo features two terraces, hardwood floors, oversized windows, two primary suites, moldings, recessed lighting, stainless steel appliances, and an in-unit washer and dryer. The building has a garage and security system. 



Austin Havens-Bowen

Staff Writer

Staff writer Austin Havens-Bowen covers the rental market and answers renters' questions in a column called Realty Bites. He previously reported on local news for the Queens Ledger and The Hunts Point Express in the Bronx. He graduated from Hunter College with a BA in media studies. He rents a one-bedroom apartment in Astoria with his boyfriend and their two cats.

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