RealtyHop Price Drop Report: April 2020
We specifically focused on neighborhoods with the highest total number of price drops, specifically the highest price drops by median percentage, median dollar value, and by street address.
A Closer Look at NYC’s Neighborhoods
Our interactive map below depicts the neighborhoods we analyzed. All numbers are based on RealtyHop’s proprietary dataset.
Top 5 Neighborhoods With the Highest Number of Price Drops
|Neighborhood||Borough||Number of Price Drops|
|1||Upper East Side-Carnegie Hill||Manhattan||92|
|2||Turtle Bay-East Midtown||Manhattan||91|
|4||Upper West Side||Manhattan||55|
Top 5 Neighborhoods With the Highest Median Percentage Price Drops
|Neighborhood||Borough||Median % Price Drops|
|2||Van Cortlandt Village||Bronx||-13% (-$10,000)|
|3||Queensbridge-Ravenswood-Long Island City||Queens||-10% (-$313,100)|
|5||Ozone Park||Queens||-9% (-$76,700)|
Top 5 Neighborhoods With the Highest Median Dollar Price Drops
|Neighborhood||Borough||Median $ Price Drops|
|2||Queensbridge-Ravenswood-Long Island City||Queens||-$313,100 (-10%)|
|3||Fort Greene||Brooklyn||-$245,000 (-6%)|
|4||SoHo-TriBeCa-Civic Center-Little Italy||Manhattan||-$204,000 (-7%)|
Top 5 Addresses (Still on the Market) with the Highest Percentage Price Drop in March
|Address||Current Price||Recent % Price Drops|
|1||516 W 47th St, Manhattan, 10036||$995,000||-25% (-$296,000)|
|2||246 Spring St, Manhattan, 10013||$725,000||-22% (-$204,000)|
|3||565 Broadway, Manhattan, 10012||$5,500,000||-19% (-$1,300,000)|
|4||135 E 54th St, Manhattan, 10022||$1,500,000||-19% (-$350,000)|
|5||27 E 65th St, Manhattan, 10065||$1,400,000||-17% (-$295,000)|
Top 5 Addresses (Still on the Market) with the Highest Dollar Price Drop in March
|Address||Current Price||Recent $ Price Drops|
|1||50 Central Park S, Manhattan, 10019||$25,000,000||-$5,000,000 (-17%)|
|2||30 E 85th St, Manhattan, 10028||$19,800,000||-$2,700,000 (-12%)|
|3||111 Murray St, Manhattan, 10282||$12,350,000||-$2,600,000 (-17%)|
|4||111 Murray St, Manhattan, 10282||$16,750,000||-$2,150,000 (-11%)|
|5||565 Broadway, Manhattan, 10012||$5,500,000||-$1,300,000 (-19%)|
The intractive table below includes all NYC listings with price drops in the month of March. You can sort by column or do a quick search using the search bar.
The New York City Price Drop report is a monthly report that analyzes proprietary data from RealtyHop to map price drops for listings in New York City. The dataset analyzed is taken from the month prior to publication and includes all five boroughs of New York City, given sufficient data.
Want to know who owns these listings? Check it out for yourself on our site by using our New York Property Records Search.