Last month, Manhattan sellers dropped their listing prices significantly more than in previous months, according to Realty Hop's monthly report.
The top five neighborhoods saw 172 to 100 price drops in September, compared to 120 and 99 in August. Once again, the Upper East Side-Carnegie Hill saw the most cuts, with a total of 172, up from 120. Turtle Bay-East Midtown saw the second most cuts again, with 160 total, an increase from 118. All of the other top neighborhoods were the same as August with the exception of the West Village.
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 apartment with the biggest dollar price drop was a Midtown East five-bedroom, six-and-a-half bath condo, which saw a $11,000,000, or 12 percent, cut to $79,000,000. The listing with the biggest percentage price cut was a Riverdale four-bedroom, three-and-a-half bath house, which had a 56 percent, or $1,750,000, drop to $1,400,000.
Here are listings with deepest price chops according to RealtyHop's report.
Top 5 NYC addresses with the biggest dollar price drop in September
432 Park Ave., #82FL, Midtown East
This five bedroom, six and a half bath saw a $11,000,000 to $79,000,000. The condo features high ceilings, oversized windows, hardwood floors, custom wall treatments, millwork, two offices, central air, stainless steel appliances, and a security system. Amenities include a gym, pool, concierge, doorman, and playroom.
3 East 95th St., #Duplex, Carnegie Hill
This seven bedroom, five and a half bath saw a $4,500,000 drop to $23,900,000. The duplex has a private elevator landing, high ceilings, wood-burning fireplaces, hardwood floors, built-ins, millwork, moldings, stainless steel appliances, three dressing rooms, casement windows, central air and a laundry room. The building has a doorman, gym, and laundry room.
443 Greenwich St., #PHH, Tribeca
This five bedroom, six and a half bath saw a $4,500,000 cut to $49,500,000. The penthouse has double-height ceilings, oversized windows, wood beams, stainless steel appliances, hardwood floors, multiple terraces, a plunge pool, library, gas fireplace, wet bar, central air, and two dedicated parking spaces. Amenities include a doorman, concierge, valet, garage, and gym.
300 Central Park West, #1819F, Upper West Side
This seven bedroom, six bath saw a $3,000,000 cut to $10,880,000. The co-op has a semi-private elevator landing, two staircases, three terraces, floor-to-ceiling windows, high ceilings, hardwood floors, built-ins, moldings, and walk-in closets. Amenities include a laundry room, garage, playroom, gym, concierge, and doormen.
2 Park Ave., #PAVILIONA, Murray Hill
This five bedroom, five bath saw a $2,595,000 cut to $23,355,000. The penthouse features high ceilings, six skylights, Miele appliances, custom cabinets, marble countertops, central air, two terraces, and a walk-in closet. The building has a doorman, gym, pool, bike storage, and on-site parking.
Top 5 NYC addresses with the highest percentage price drop in September
600 West 249th St., Riverdale
This four bedroom, three and a half bath saw a 56 percent cut to $1,400,000. The house has hardwood floors, recessed lighting, fireplaces, central air, stainless steel appliances, moldings, a patio, large backyard, and a detached two-car garage.
504 Jackson Ave., Mott Haven
This multi-family building saw a 48 percent drop to $1,200,000. It has a finished basement and eight apartments, three of which are currently vacant and two will be vacated at sale. The other five apartments are rent-stabilized and occupied.
201 East 15th St., #5E, Gramercy Park
This two bedroom, two bath saw a 43 percent drop to $395,000. Apartment #5E is occupied by a rent-stabilized tenant. The co-op has a gym, laundry room, and garage.
1310 84th St., #1C, Dyker Heights
This one bedroom, one bath saw a 39 percent cut to $465,000. The condo has hardwood and tile floors, ceilings fans, stainless steel appliances, and an in-unit washer and dryer.
201 East 15th St., #3E, Gramercy Park
This two bedroom, two bath saw a 34 percent drop to $395,000. The corner apartment has carpet and hardwood floors, nine closets, and several windows. There is a rent-stabilized tenant in place. The building has a gym, laundry room, and bike storage.
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