Far fewer Manhattan sellers dropped their listing prices in November compared to previous months, according to a recent RealtyHop report.
The same neighborhoods topped the report's list once again: Turtle Bay-East Midtown saw the most cuts with 136 drops, a considerable decline from last month's 181. The Upper East Side-Carnegie Hill, last month's top neighborhood, also saw 136 drops in November, down from 203. The other top neighborhoods saw 100 to 117 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-bedroom, six-bath condo in Hudson Yards with a $3,005,000, or 13 percent, cut to $19,995,000. A Battery Park City two-bedroom, two-bath condo had the biggest percentage price cut with a 28 percent, or $500,999, cut to $1,299,000.
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 November
35 Hudson Yards, #8301, Hudson Yards
This five bedroom, six bath saw a $3,005,000 drop to $19,995,000. It features high ceilings, wide-plank hardwood floors, floor-to-ceiling windows, marble countertops, Gaggenau appliances, central air, a wet bar, formal dining room, and utility room. Amenities include a doorman, fitness center, and bike storage.
515 West 23rd St., #PH, Chelsea
This three bedroom, three and a half bath saw a $2,745,000 cut to $13,250,000. The penthouse has a custom wood-burning fireplace, wraparound terrace, floor-to-ceiling windows, hardwood floors, recessed lighting, stainless steel appliances, electric shades, central air, and a sound system. Amenities include a doorman, concierge, bike storage, and fitness center.
2 East 70th St., #9ASR7, Lenox Hill
This three bedroom, three and a half bath saw a $1,755,000 cut to $9,995,000. It has a private elevator landing, foyer, wood-burning fireplace, oversized windows, moldings, built-ins, stainless steel appliances, high ceilings, and a storage room on the second floor. The building has a doorman and gym.
32 West 76th St., Upper West Side
This six bedroom, six bath saw a $1,525,000 cut to $25,975,000. The renovated townhouse features a roof deck, wet bar, two gas fireplaces, multiple terraces, high ceilings, oversized windows, exposed brick, recessed lighting, a climate-controlled wine cellar, storage, and a fitness center.
1000 Park Ave., #2A, Upper East Side
This five bedroom, four and a half bath saw a $1,500,000 cut to $10,500,000. The co-op has a wood-burning fireplace, 10-foot ceilings, oversized windows, crown molding, built-ins, stainless steel appliances, central air, and electric shades. Amenities include a gym, bike room, and storage.
Top 5 NYC addresses with the highest percentage price drop in November
21 South End Ave., #PH, Battery Park City
This two bedroom, two bath saw a 28 percent cut to $1,299,000. The corner duplex has floor-to-ceiling windows, recessed lighting, walk-in closets, Bosch appliances, granite countertops, central air, through-wall air conditioning, and a home office. The building has a doorman, roof deck, and bike room.
385 East 18th St., #3L, Flatbush
This one bedroom, one bath saw a 27 percent cut to $355,000. The co-op has hardwood floors, arched doorways, built-ins, moldings, and stainless steel appliances. The building has a live-in super, laundry room, elevator, and play room.
2186 Cruger Ave., Pelham Parkway
This one bedroom, one bath saw a 19 percent drop to $100,000. The co-op has hardwood floors, stainless steel appliances, several windows, a large closet, and ceiling fans. The building has a gym and laundry room.
1100 Clove Rd., #40, Silver Lake
This two bedroom, one and a half bath saw a 18 percent cut to $325,000. The condo has tile floors, stainless steel appliances, a granite island, recessed lighting, moldings, ceilings fans, and several closets.
38-22 147th St., #2D, Flushing
This one bedroom, one bath saw a 18 percent drop to $469,000. The renovated condo has hardwood floors, recessed lighting, stainless steel appliances, sliding glass doors, and an in-unit washer and dryer. The building has parking for an extra fee.
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