Getting Ready

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

By Austin Havens-Bowen | April 11, 2022 - 1:30PM

This Carnegie Hill six-bedroom, seven-bath townhouse saw a $6,500,000 cut to $25,000,000. 

RealtyHop

Far more sellers in Manhattan cut their listing prices last month compared to February, according to RealtyHop's monthly report.

The neighborhoods with the most cuts remained the same as February, and were all in Manhattan. Upper East Side-Carnegie Hill took the top spot again but with a total of 173 cuts, up from 160. Turtle Bay-East Midtown also saw an increase of drops from 137 to 159. The other top neighborhoods saw a total of 120 to 136 drops.

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 six-bedroom, seven-bath townhouse in Carnegie Hill, which saw a $6,500,000 drop to $25,000,000. A multi-family building in Harlem had the biggest percentage price drop, with a 38 percent cut to $7,800,000. 

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 March 

7 East 88th St., Carnegie Hill 

This six bedroom, seven bath saw a $6,500,000 drop to $25,000,000. The townhouse features an elevator, foyer, solarium, eight wood-burning fireplaces, hardwood floors, moldings, and original details. It is currently configured with two triplexes and two apartments. 

200 West 139th St., Harlem

This building saw a $4,700,000 cut to $25,000,000. It is currently configured with nine apartments that will be delivered vacant. There's a courtyard and lobby.

209 East 61st St., Upper East Side

This five bedroom, four bath saw a $3,000,000 cut to $9,950,000. The townhouse features original details, private outdoor space, high ceilings, exposed beams, hardwood floors, central air, moldings, millwork, ornate fireplaces, and a wine cellar. 

15 East 77th St., Upper East Side

These two townhouse saw a price drop of $3,000,000 to $35,000,000. Zoning and tax plans are approved to combine the units into a single-family townhouse with a large backyard. 

799 Park Ave., #20B, Upper East Side

This four bedroom, four and a half bath saw a $2,600,000 cut to $9,900,000. The duplex features four terraces, hardwood floors, columns, oversized windows, white marble cabinetry, stainless steel appliances, walk-in closets, and recessed lighting. The building has a doorman, gym, garage, and laundry room.

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

200 West 139th St., Harlem

This building saw a 38 percent cut to $7,800,000. It has nine apartments with a total of 12 baths and a courtyard.

149 Sterling St., #3D, Prospect Lefferts Gardens 

This one bedroom, one bath saw a 25 percent cut to $489,999. The condo has hardwood and tile floors, white appliances, and several closets. The building has a laundry room.

209 East 61st St., Upper East Side

This five bedroom, four bath saw a 23 percent cut to $9,950,000. The townhouse features 13-foot ceilings, hardwood floors, millwork, crown moldings, ornate fireplaces, a new security system, and central air. 

63-24 Forest Ave., Ridgewood

This six-family building saw a 22 percent cut to $1,350,000. The corner building has a new boiler, three parking spaces, hardwood floors, and separate gas and electric meters for each unit. 

799 Park Ave., #20B, Upper East Side

This four bedroom, four and a half bath saw a 21 percent cut to $9,900,000. The co-op features several terraces, Miele, Gaggenau, and Sub-Zero kitchen appliances, marble counters, a dining room, in-unit washer and dryer, and storage. The building has a doorman, gym, and garage. 

 

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