RealtyHop Price Drop Report: June 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|
|2||Turtle Bay-East Midtown||Manhattan||35|
|3||Hudson Yards-Chelsea-Flatiron-Union Square||Manhattan||32|
|4||Lenox Hill-Roosevelt Island||Manhattan||31|
|5||Upper East Side-Carnegie Hill||Manhattan||31|
Top 5 Neighborhoods With the Highest Median Percentage Price Drops
|Neighborhood||Borough||Median % Price Drops|
|1||Bushwick North||Brooklyn||-20.9% (-$250,000)|
|2||Van Cortlandt Village||Bronx||-16.7% (-$200,000)|
|4||Ocean Parkway South||Brooklyn||-12.3% (-$74,999)|
|5||Sunset Park East||Brooklyn||-11.8% (-$805,000)|
Top 5 Neighborhoods With the Highest Median Dollar Price Drops
|Neighborhood||Borough||Median $ Price Drops|
|1||Sunset Park East||Brooklyn||-$805,000 (-11.8%)|
|2||Bushwick North||Brooklyn||-$250,000 (-20.9%)|
|3||SoHo-TriBeCa-Civic Center-Little Italy||Manhattan||-$211,500 (-6.6%)|
|4||Van Cortlandt Village||Manhattan||-$200,000 (-16.7%)|
Top 5 Addresses (Still on the Market) with the Highest Percentage Price Drop in May
|Address||Current Price||Recent % Price Drops|
|1||303 E 57th St, Manhattan, 10022||$999,000||-33.2% (-$496,000)|
|2||123 Clinton Ave, Brooklyn, 11205||$420,000||-25% (-$140,000)|
|3||502 Park Ave, Manhattan, 10022||$1,595,000||-24% (-$505,000)|
|4||3121 Middletown Road, Manhattan 10461||$250,000||-21.6% (-$69,000)|
|5||959 1st Ave, Manhattan 10022||$6,500,000||-21.2% (-$1,750,000)|
Top 5 Addresses (Still on the Market) with the Highest Dollar Price Drop in May
|Address||Current Price||Recent $ Price Drops|
|1||959 1st Ave, Manhattan 10022||$6,500,000||-$1,750,000 (-21.3%)|
|2||1 Central Park W, Manhattan 10023||$7,500,000||-$1,495,000 (-16.6%)|
|3||218 E 75th St, Manhattan 10023||$2,990,000||-$1,005,000 (-25.2%)|
|4||60 E 55th St, Manhattan 10022||$4,995,000||-$1,005,000 (-16.8%)|
|5||245 10th Ave, Manhattan 10001||$6,995,000||-$1,000,000 (-12.5%)|
The interactive table below includes all NYC listings with price drops in the month of May. 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.