Getting Ready

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

By Austin Havens-Bowen  |
February 8, 2022 - 9:30AM

This Greenwich Village six-bedroom, five-bath townhouse saw the biggest dollar price drop with a $3,000,000 cut to $14,995,000. 


Far more Manhattan sellers slashed their listing prices last month compared to December, according to RealtyHop's monthly report. 

Upper East Side-Carnegie Hill was the neighborhood with the most price cuts with 160 drops, up from 67 last month. Lincoln Square, not on last month's list, saw the second most cuts with 116 price drops. All of the other top neighborhoods were in Manhattan as well, including Turtle Bay-East Midtown, last month's top neighborhood, with 115 cuts, up from 90.

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, five-bath Greenwich Village townhouse with a $3,000,000 cut to $14,995,000. A three-bedroom, three-bath house in Forest Hills had the highest percentage price drop with a 30 percent cut to $1,050,000.

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 January

Empty Room at Unit TH at 36 W 11th St

36 West 11th St., #TH, Greenwich Village

This six bedroom, five bath saw a $3,000,000 cut to $14,995,000. The townhouse has high ceilings, moldings, fireplaces, hardwood floors, oversized windows, exposed brick, stainless steel appliances, a cellar, and backyard. There is a proposed floor plan for a gut renovation. 

Livingroom at Unit 5 at 944 5th Ave

944 Fifth Ave., #5, Upper East Side

This four bedroom, four and a half bath saw a $3,000,000 cut to $22,000,000. The full-floor co-op features a private elevator landing, hardwood floors, built-ins, oversized windows, moldings, stainless steel appliances, integrated sound system, central air, and a laundry room. The building has a doorman, live-in resident manager, gym, and storage rooms. 

Photo of Unit 910C at 1040 5th Ave

1040 Fifth Ave., #910C, Upper East Side  

This four bedroom, six and a half bath saw a $3,000,000 drop to $29,000,000. The duplex has a private elevator landing, wood-burning fireplace, terrace, an original marble staircase, millwork, moldings, hardwood floors, built-ins, stainless steel appliances, and central air. Amenities include a gym and elevator. 

Kitchen at Unit PH1718D at 740 Park Ave

740 Park Ave., #PH1718D, Lenox Hill

This three bedroom, three and a half bath saw a $2,450,000 cut to $27,500,000. The penthouse has a private elevator landing, terraces, high ceilings, moldings, oversized windows, stainless steel appliances, fireplaces, central air, and a library. Amenities include a doorman, gym, and bike storage.

Bedroom at Unit PH at 30 E 31st St

30 East 31st St., PH, NoMad 

This three bedroom, three and a half bath saw a $2,005,000 cut to $9,995,000. The duplex penthouse has a private elevator landing, high ceilings, floor-to-ceiling windows, hardwood floors, modern light fixtures, and a HVAC system. The building has a a doorman, concierge, bike storage, terrace, and gym. The buyer will get two years of free common charges according to the listing.

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

Photo of 68-23 Ingram Street

68-23 Ingram St., Forest Hills

This three bedroom, two bath saw a 30 percent cut to $1,050,000. It has hardwood and tile floors, moldings, exposed brick, recessed lighting, stainless steel appliances, a laundry room, and basement. 

Livingroom, Bedroom at Unit 35 at 30 E 31st St

30 East 31st St., #35, Nomad

This two bedroom, two and a half bath saw a 26 percent cut to $3,500,000. The condo features a private elevator landing, hardwood floors, floor-to-ceiling windows, central heat and air, stainless steel appliances, and marble countertops. Amenities include storage, bike storage, gym, and terrace. 

Livingroom, Dining at Unit 313 at 781 5th Ave

781 Fifth Ave., #313, Lenox Hill 

This one bedroom, one and a half bath saw a 25 percent drop to $599,000. The co-op has a decorative fireplace, high ceilings, built-ins, moldings, millwork, hardwood floors, two storage closets, stainless steel appliances, and a breakfast bar. Located in the Sherry Netherland, amenities include a doorman, concierge, gym, and hair salon.  

Kitchen, Dining at Unit 4FL at 117 W 21st St

117 West 21st St., #4FL, Chelsea

This four bedroom, three and a half bath saw a 25 percent drop to $3,750,000. The condo features floor-to-ceiling windows, custom oak millwork, built-ins, smart home technology, automated shades, stainless steel appliances, walk-in closets, modern light fixtures, and a deeded parking space. Amenities include a doorman, bike storage, balcony, and roof deck.

Photo of 70-26 72nd Pl

70-26 72nd Pl., Ridgewood

This two family saw a 23 percent cut to $999,999. It has hardwood floors, recessed lighting, white appliances, ceiling fans, moldings, a basement, and large backyard. 



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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