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

By Austin Havens-Bowen | November 6, 2019 - 1:00PM 

A three-bedroom condo in The Plaza saw a price drop of $3,000,000 to $19,500,000.


New York City sellers were in more of a holding pattern last month. RealtyHop’s price drop report for NYC for October saw a slight increase in the total number of price cuts by neighborhood, compared to September—when sellers slashed prices more dramatically. 

Turtle Bay-East Midtown topped the list of neighborhoods with the largest number of price drops with a total of 245 price drops in October. That area came in second in September, with a total of 206 price drops. Upper East-Side Carnegie Hill, which usually is the top nabe, came in second with 225 price drops, compared to 211 in September.

In this 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.

Among the top five neighborhoods with biggest median percentage price drop, Queensbridge-Ravenswood-Long Island City took the top spot with a 21.1 percent median price drop. Brooklyn claimed three out of five spots, compared to only one spot in September. 

All of the top five addresses with the biggest dollar price drop are in Manhattan, lead by a $12,250,000 price drop at 990 Fifth Avenue on the Upper East Side. That cut is almost double the $6,500,000 top price drop last month. The top addresses in October saw price drops ranging from $3,000,000 to $12,250,000.

Manhattan landed four out of five spots on the list of the addresses with the biggest price drops in October in terms of percentage, and Brooklyn took one spot. (In September, Manhattan dominated all five top spots.) The top address with the highest percentage price drop is 35 East 76th St. on the Upper East Side, with a percentage price drop of 28.6 percent. All the addresses on the top five list saw price cuts of more than 20 percent.

Below is a look at the listings with deepest price chops identified in RealtyHop's report.

Top 5 NYC addresses with the biggest dollar price drop in September

990 Fifth Ave., #PH121314, Upper East Side

This five-bedroom, five-bath co-op saw a price drop of $12,250,000 to $39,750,000. The penthouse has 6,450 square feet of interior space plus 1,200 square feet of outdoor space, spread across the top three floors of a 1927 Rosario Candela-designed building. Notable features include five fireplaces, hand-carved moldings and door frames, decorative plaster ceilings in the living room, and brand-new kitchen appliances.

30 Park Place, #PH82, Tribeca

This three-bedroom, four-and-a-half-bath condo saw a price drop of $5,000,000 to $25,000,000. This full-floor penthouse at this Robert A.M. Stern-designed building has 360-degree views of the Hudson River, East River, and New York Harbor and four terraces. A separate formal dining room leads to a double-exposure terrace and connects to a windowed, eat-in chef's kitchen and adjoining family room. 

35 East 76th St., #25FL, Upper East Side

This three-bedroom, two-and-a-half-bath co-op saw a price drop of $4,000,000 to $10,000,000. The apartment has a private elevator landing, two living rooms, a den/library, and a windowed kitchen. Oversized windows frame Central Park from multiple angles in all public rooms and both bedrooms. Located in The Carlyle Hotel, owners have access to hotel services including a concierge, valet, housekeeping, fitness center, and salon.

212 West 18th St., #17BC, Chelsea 

This four-bedroom, four-and-a-half-bath condo saw a price drop of $3,100,000 to $18,900,000. The condo is a result of a two-unit combination so there are two master-suites, both of which have walk-in closets and en-suite baths. The custom eat-in kitchen features marble and limestone counters, Dornbracht fixtures, a wine cooler, induction cooktop, two Viking wall ovens, and a built-in coffee maker by Miele. 

1 Central Park South, #301, Midtown East

This three-bedroom, four-and-a-half-bath condo saw a price drop of $3,000,000 to $19,500,000. The apartment was carved out of the Staterooms at The Plaza and has 13-foot ceilings and Central Park views from every room. The interior design by Jeffery Hitchcock pays homage to Chanel, and the breakfast room has a bold look thanks to red-lacquered frames with mercury glass.

Top 5 addresses with the highest percentage price drop in September

35 East 76th St., #25FL, Upper East Side

This three-bedroom, two-and-a-half-bath co-op saw a price drop of 28.6 percent to $10,000,000. The apartment features oversized windows with views of Central Park from all of the common spaces and bedrooms. Downstairs, residents have bar and restaurant options including Bemelmans Bar, Cafe Carlyle, and The Carlyle Restaurant.

575 Park Ave., #803, Upper East Side 

This one-bedroom, one-bath co-op saw a price drop of 24.6 percent to $490,000. The apartment features hardwood floors and beamed ceilings plus a fireplace in the living room. Located in The Beekman, amenities include concierge services, a valet, gym, bike room, and storage room. Hotel-like services include a concierge, valet, daily cleaning services, and room service from the Vaucluse Restaurant.

990 Fifth Ave., #PH121314, Upper East Side

This five-bedroom, five-bath co-op saw a price drop of 23.6 percent to $39,750,000. This 14-room triplex was recently renovated and there are massive windows facing Central Park, central AC, and customized closets. The chef's kitchen features two Sub-Zero refrigerators, a Wolf six-burner range, and a wine cooler.

77 Eastern Parkway, #1D, Prospect Heights

This studio co-op saw a price drop of 23.1 percent to $299,000. The small living space requires a Murphy bed to be fully functional, and the previous owner is leaving the Murphy bed shown in the listing photos. The studio features prewar details including hardwood floors, high ceilings, a galley kitchen, and lots of windows.

2 Park Place, #46B, Murray Hill 

This one-bedroom, one-and-a-half bath condo saw a price drop of 20.7 percent to $2,850,000. The kitchen features custom Dada cabinets, Calacatta Caldia marble countertops, Dornbracht fixtures, and Miele appliances. The master suite includes two walk-in closets and an en suite bath with a steam shower, double vanity, and radiant heat floors.


Austin Havens-Bowen

Staff Writer

Austin Havens-Bowen covers the rental market. 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. 


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