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||Manhattan||77|
|2||Turtle Bay-East Midtown||Manhattan||72|
|5||Hudson Yards-Chelsea-Flatiron-Union Square||Manhattan||50|
Top 5 Neighborhoods With the Highest Median Percentage Price Drops
|Neighborhood||Borough||Median % Price Drops|
|2||East Harlem North||Manhattan||-14.4% (-$35,000)|
|3||North Corona||Queens||-11.8% (-$199,444)|
|4||Breezy Point-Belle Harbor-Rockaway Park-Broad Channel||Queens||-9.5% (-$100,500)|
|5||Midtown-Midtown South||Manhattan||-9.0% (-$100,000)|
Top 5 Neighborhoods With the Highest Median Dollar Price Drops
|Neighborhood||Borough||Median $ Price Drops|
|2||SoHo-TriBeCa-Civic Center-Little Italy||Manhattan||-$222,500 (-6.0%)|
|3||North Corona||Queens||-$199,444 (-11.8%)|
|5||East Village||Manhattan||-$154,000 (-5.0%)|
Top 5 Addresses (Still on the Market) with the Highest Percentage Price Drop in June
|Address||Current Price||Recent % Price Drops|
|1||143-50 Hoover Avenue, Queens, 11435||$198,000||-39.1% (-$127,000)|
|2||1289 Lexington Ave, Manhattan, 10128||$2,550,000||-30.1% (-$1,100,000)|
|3||303 E 57th St, Manhattan, 10022||$895,000||-25.4% (-$305,000)|
|4||2 E 55th St, Manhattan, 10022||$130,000||-20.7% (-$34,000)|
|5||4 Lexington Ave, Manhattan, 10010||$995,000||-20.4% (-$255,000)|
Top 5 Addresses (Still on the Market) with the Highest Dollar Price Drop in June
|Address||Current Price||Recent $ Price Drops|
|1||1010 Park Ave, Manhattan, 10028||$39,900,000||-$5,100,000 (-11.3%)|
|2||15 W 53rd St, Manhattan, 10019||$30,000,000||-$5,000,000 (-14.3%)|
|3||927 5th Ave, Manhattan, 10021||$32,500,000||-$3,000,000 (-8.5%)|
|4||240 Riverside Blvd, Manhattan, 10069||$15,570,000||-$3,000,000 (-16.0%)|
|5||351 E 51st St, Manhattan, 10022||$25,450,000||-$2,500,000 (-8.9%)|
The interactive table below includes all NYC listings with price drops in the month of June. 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.
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