{"id":4328,"date":"2019-10-01T09:44:28","date_gmt":"2019-10-01T14:44:28","guid":{"rendered":"https:\/\/www.realtyhop.com\/blog\/?p=4328"},"modified":"2019-10-01T10:26:24","modified_gmt":"2019-10-01T15:26:24","slug":"realtyhop-price-drop-report-october-2019","status":"publish","type":"post","link":"https:\/\/www.realtyhop.com\/blog\/realtyhop-price-drop-report-october-2019\/","title":{"rendered":"RealtyHop Price Drop Report: October 2019"},"content":{"rendered":"<p><img loading=\"lazy\" decoding=\"async\" class=\"aligncenter wp-image-2896\" src=\"https:\/\/www.realtyhop.com\/blog\/wp-content\/uploads\/2019\/10\/PriceDrop_Index_image_oct.png\" alt=\"\" width=\"800\" height=\"534\"><br \/>\n&nbsp;<br \/>\nThe real estate market has its ups and downs. In October\u2019s monthly price drop report, RealtyHop analyzed available data for September across boroughs and neighborhoods in New York City to provide a useful a useful resource for those looking to invest in real estate.<\/p>\n<p>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.<\/p>\n<hr>\n<p>&nbsp;<\/p>\n<h5><strong>A Closer Look at NYC&#8217;s Neighborhoods<\/strong><\/h5>\n<p>Our interactive map below depicts the neighborhoods we analyzed. All numbers are based on RealtyHop&#8217;s proprietary dataset.<br \/>\n&nbsp;<br \/>\n<button onclick=\"embedPopup()\" button=\"https:\/\/www.realtyhop.com\/blog\/wp-content\/uploads\/2019\/09\/2019_09_30_price_drops_map.html\" class=\"button button1\" style=\"display: block; margin-left: auto; margin-right: 0;\">Get the code to embed this map!<\/button><\/p>\n<div style=\"position: relative; overflow: hidden; width: 100%; height: 700px; margin-left: auto; margin-right: auto; margin-bottom: 15px;\">\n<div style=\"padding-bottom: 68%; height: 0px; position: relative; width: 100%;\">\n<div style=\"position: absolute; height: 100%; width: 100%;\" align=\"center\"><iframe loading=\"lazy\" src=\"https:\/\/www.realtyhop.com\/blog\/wp-content\/uploads\/2019\/09\/2019_09_30_price_drops_map.html\" width=\"100%\" height=\"100%\" frameborder=\"0\" scrolling=\"no\" allowfullscreen=\"allowfullscreen\"><br \/>\n<\/iframe><\/div>\n<\/div>\n<\/div>\n<p><script>function embedPopup() {alert('<iframe loading=\"lazy\" src=\"https:\/\/www.realtyhop.com\/blog\/wp-content\/uploads\/2019\/09\/2019_09_30_price_drops_map.html\" width=\"100%\" height=\"600px\" frameborder=\"0\" scrolling=\"no\" allowfullscreen=\"allowfullscreen\"><\/iframe>');}<\/script><\/p>\n<style>\n.button1 {box-shadow: 0 0 0 0 rgba(0,0,0,0.2), 0 0 0 0 rgba(0,0,0,0.19);}.button {   background-color: #51527c; border: none; color: #ffffff; padding: 5px 15px; text-align: center; text-decoration: none; display: inline-block; font-size: 15px; font-weight: bold; margin:4px 2px; cursor: pointer; -webkit-transition-duration: 0.4s; transition-duration: 0.4s;}<\/style>\n<h5><strong>Top 5 Neighborhoods With the Highest Number of Price Drops<\/strong><\/h5>\n<div style=\"width: 80%; margin: 25px auto 25px auto; text-align: center;\">\n<table style=\"text-align: center; border-spacing: 0px;\">\n<tbody>\n<tr style=\"height: 40px; vertical-align: middle;\">\n<td style=\"font-weight: normal; width: 5%; border: none; background-color: #51527c; border-left: 1px solid #51527c;\"><\/td>\n<td style=\"font-weight: bold; width: 35%; border: none; background-color: #51527c; color: #ffffff;\">Neighborhood<\/td>\n<td style=\"font-weight: bold; width: 20%; border: none; background-color: #51527c; color: #ffffff;\">Borough<\/td>\n<td style=\"font-weight: bold; width: 20%; border: none; background-color: #51527c; color: #ffffff; border-right: 1px solid #51527c;\">Number of Price Drops<\/td>\n<\/tr>\n<tr style=\"height: 40px; vertical-align: middle;\">\n<td style=\"font-weight: bold; padding: auto; width: 5%; border-left: 1px solid #51527c;\">1<\/td>\n<td style=\"font-weight: normal; padding: auto; width: 35%;\">Upper East Side-Carnegie Hill<\/td>\n<td style=\"font-weight: normal; padding: auto; width: 20%;\">Manhattan<\/td>\n<td style=\"font-weight: normal; padding: auto; width: 20%; border-right: 1px solid #51527c;\">211<\/td>\n<\/tr>\n<tr style=\"height: 40px; vertical-align: middle;\">\n<td style=\"font-weight: bold; padding: auto; width: 5%; border-left: 1px solid #51527c;\">2<\/td>\n<td style=\"font-weight: normal; padding: auto; width: 35%;\">Turtle Bay-East Midtown<\/td>\n<td style=\"font-weight: normal; padding: auto; width: 20%;\">Manhattan<\/td>\n<td style=\"font-weight: normal; padding: auto; width: 20%; border-right: 1px solid #51527c;\">206<\/td>\n<\/tr>\n<tr style=\"height: 40px; vertical-align: middle;\">\n<td style=\"font-weight: bold; padding: auto; width: 5%; border-left: 1px solid #51527c;\">3<\/td>\n<td style=\"font-weight: normal; padding: auto; width: 35%;\">Upper West Side<\/td>\n<td style=\"font-weight: normal; padding: auto; width: 20%;\">Manhattan<\/td>\n<td style=\"font-weight: normal; padding: auto; width: 20%; border-right: 1px solid #51527c;\">151<\/td>\n<\/tr>\n<tr style=\"height: 40px; vertical-align: middle;\">\n<td style=\"font-weight: bold; padding: auto; width: 5%; border-left: 1px solid #51527c;\">4<\/td>\n<td style=\"font-weight: normal; padding: auto; width: 35%;\">Lincoln Square<\/td>\n<td style=\"font-weight: normal; padding: auto; width: 20%;\">Manhattan<\/td>\n<td style=\"font-weight: normal; padding: auto; width: 20%; border-right: 1px solid #51527c;\">146<\/td>\n<\/tr>\n<tr style=\"height: 40px; vertical-align: middle;\">\n<td style=\"font-weight: bold; padding: auto; width: 5%; border-bottom: 1px solid #51527c; border-left: 1px solid #51527c;\">5<\/td>\n<td style=\"font-weight: normal; padding: auto; width: 35%; border-bottom: 1px solid #51527c;\">West Village<\/td>\n<td style=\"font-weight: normal; padding: auto; width: 20%; border-bottom: 1px solid #51527c;\">Manhattan<\/td>\n<td style=\"font-weight: normal; padding: auto; width: 20%; border-bottom: 1px solid #51527c; border-right: 1px solid #51527c;\">146<\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n<\/div>\n<p>For the month of September, we saw a big increase in the total of number of price drops across neighborhoods. <strong>Upper East Side &#8211; Carnegie Hill<\/strong> was the neighborhood with the most price drops this month, just as they were last month. The big difference was the increase in price drops when comparing the two past months, as Upper East Side &#8211; Carnegie Hill saw a <strong>56% increase in price drops<\/strong> with a total of 211 price drops. All of the top five neighborhoods with the highest number of price drops ended up having a bigger number of price drops than the number one neighborhood last month. The neighborhoods on the list ranged between price drops of 146 to 211.<br \/>\n&nbsp;<br \/>\n&nbsp;<\/p>\n<h5><strong>Top 5 Neighborhoods With the Highest Median Percentage Price Drops<\/strong><\/h5>\n<div style=\"width: 80%; margin: 25px auto 25px auto; text-align: center;\">\n<table style=\"text-align: center; border-spacing: 0px;\">\n<tbody>\n<tr style=\"height: 40px; vertical-align: middle;\">\n<td style=\"font-weight: normal; width: 5%; border: none; background-color: #51527c; border-left: 1px solid #51527c;\"><\/td>\n<td style=\"font-weight: bold; width: 35%; border: none; background-color: #51527c; color: #ffffff;\">Neighborhood<\/td>\n<td style=\"font-weight: bold; width: 20%; border: none; background-color: #51527c; color: #ffffff;\">Borough<\/td>\n<td style=\"font-weight: bold; width: 20%; border: none; background-color: #51527c; color: #ffffff; border-right: 1px solid #51527c;\">Median % Price Drops<\/td>\n<\/tr>\n<tr style=\"height: 40px; vertical-align: middle;\">\n<td style=\"font-weight: bold; padding: auto; width: 5%; border-left: 1px solid #51527c;\">1<\/td>\n<td style=\"font-weight: normal; padding: auto; width: 35%;\">Brownsville<\/td>\n<td style=\"font-weight: normal; padding: auto; width: 20%;\">Brooklyn<\/td>\n<td style=\"font-weight: normal; padding: auto; width: 20%; border-right: 1px solid #51527c;\">-16.7% (-$50,000)<\/td>\n<\/tr>\n<tr style=\"height: 40px; vertical-align: middle;\">\n<td style=\"font-weight: bold; padding: auto; width: 5%; border-left: 1px solid #51527c;\">2<\/td>\n<td style=\"font-weight: normal; padding: auto; width: 35%;\">Borough Park<\/td>\n<td style=\"font-weight: normal; padding: auto; width: 20%;\">Brooklyn<\/td>\n<td style=\"font-weight: normal; padding: auto; width: 20%; border-right: 1px solid #51527c;\">-16.0% (-$223,000)<\/td>\n<\/tr>\n<tr style=\"height: 40px; vertical-align: middle;\">\n<td style=\"font-weight: bold; padding: auto; width: 5%; border-left: 1px solid #51527c;\">3<\/td>\n<td style=\"font-weight: normal; padding: auto; width: 35%;\">Crowns Heights South<\/td>\n<td style=\"font-weight: normal; padding: auto; width: 20%;\">Brooklyn<\/td>\n<td style=\"font-weight: normal; padding: auto; width: 20%; border-right: 1px solid #51527c;\">-11.9% (-$74,500)<\/td>\n<\/tr>\n<tr style=\"height: 40px; vertical-align: middle;\">\n<td style=\"font-weight: bold; padding: auto; width: 5%; border-left: 1px solid #51527c;\">4<\/td>\n<td style=\"font-weight: normal; padding: auto; width: 35%;\">Ocean Hill<\/td>\n<td style=\"font-weight: normal; padding: auto; width: 20%;\">Brooklyn<\/td>\n<td style=\"font-weight: normal; padding: auto; width: 20%; border-right: 1px solid #51527c;\">-11.3% (-$102,000)<\/td>\n<\/tr>\n<tr style=\"height: 40px; vertical-align: middle;\">\n<td style=\"font-weight: bold; padding: auto; width: 5%; border-bottom: 1px solid #51527c; border-left: 1px solid #51527c;\">5<\/td>\n<td style=\"font-weight: normal; padding: auto; width: 35%; border-bottom: 1px solid #51527c;\">Morrisania-Melrose<\/td>\n<td style=\"font-weight: normal; padding: auto; width: 20%; border-bottom: 1px solid #51527c;\">Bronx<\/td>\n<td style=\"font-weight: normal; padding: auto; width: 20%; border-bottom: 1px solid #51527c; border-right: 1px solid #51527c;\">-10.6% (-$37,500)<\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n<\/div>\n<p>The borough of Brooklyn secured four out of five spots in the top five neighborhoods with the highest median percentage price drop. Brownsville ended up having <strong>the biggest median percentage price drop of 16.7%.<\/strong> Last month, the highest median percentage price drop was 22.9% in Fort Greene, Brooklyn.<br \/>\n&nbsp;<br \/>\n&nbsp;<\/p>\n<h5><strong>Top 5 Neighborhoods With the Highest Median Dollar Price Drops<\/strong><\/h5>\n<div style=\"width: 80%; margin: 25px auto 25px auto; text-align: center;\">\n<table style=\"text-align: center; border-spacing: 0px;\">\n<tbody>\n<tr style=\"height: 40px; vertical-align: middle;\">\n<td style=\"font-weight: normal; width: 5%; border: none; background-color: #51527c; border-left: 1px solid #51527c;\"><\/td>\n<td style=\"font-weight: bold; width: 35%; border: none; background-color: #51527c; color: #ffffff;\">Neighborhood<\/td>\n<td style=\"font-weight: bold; width: 20%; border: none; background-color: #51527c; color: #ffffff;\">Borough<\/td>\n<td style=\"font-weight: bold; width: 20%; border: none; background-color: #51527c; color: #ffffff; border-right: 1px solid #51527c;\">Median $ Price Drops<\/td>\n<\/tr>\n<tr style=\"height: 40px; vertical-align: middle;\">\n<td style=\"font-weight: bold; padding: auto; width: 5%; border-left: 1px solid #51527c;\">1<\/td>\n<td style=\"font-weight: normal; padding: auto; width: 35%;\">Borough Park<\/td>\n<td style=\"font-weight: normal; padding: auto; width: 20%;\">Brooklyn<\/td>\n<td style=\"font-weight: normal; padding: auto; width: 20%; border-right: 1px solid #51527c;\">-$223,000 (-16.0%)<\/td>\n<\/tr>\n<tr style=\"height: 40px; vertical-align: middle;\">\n<td style=\"font-weight: bold; padding: auto; width: 5%; border-left: 1px solid #51527c;\">2<\/td>\n<td style=\"font-weight: normal; padding: auto; width: 35%;\">SoHo-TriBeCa-Civic Center-Little Italy<\/td>\n<td style=\"font-weight: normal; padding: auto; width: 20%;\">Manhattan<\/td>\n<td style=\"font-weight: normal; padding: auto; width: 20%; border-right: 1px solid #51527c;\">-$203,000 (-4.7%)<\/td>\n<\/tr>\n<tr style=\"height: 40px; vertical-align: middle;\">\n<td style=\"font-weight: bold; padding: auto; width: 5%; border-left: 1px solid #51527c;\">3<\/td>\n<td style=\"font-weight: normal; padding: auto; width: 35%;\">Upper East Side-Carnegie Hill<\/td>\n<td style=\"font-weight: normal; padding: auto; width: 20%;\">Manhattan<\/td>\n<td style=\"font-weight: normal; padding: auto; width: 20%; border-right: 1px solid #51527c;\">-$145,000 (-5.6%)<\/td>\n<\/tr>\n<tr style=\"height: 40px; vertical-align: middle;\">\n<td style=\"font-weight: bold; padding: auto; width: 5%; border-left: 1px solid #51527c;\">4<\/td>\n<td style=\"font-weight: normal; padding: auto; width: 35%;\">Ocean Hill<\/td>\n<td style=\"font-weight: normal; padding: auto; width: 20%;\">Brooklyn<\/td>\n<td style=\"font-weight: normal; padding: auto; width: 20%; border-right: 1px solid #51527c;\">-$102,000 (-11.3%)<\/td>\n<\/tr>\n<tr style=\"height: 40px; vertical-align: middle;\">\n<td style=\"font-weight: bold; padding: auto; width: 5%; border-bottom: 1px solid #51527c; border-left: 1px solid #51527c;\">5<\/td>\n<td style=\"font-weight: normal; padding: auto; width: 35%; border-bottom: 1px solid #51527c;\">Bushwick North<\/td>\n<td style=\"font-weight: normal; padding: auto; width: 20%; border-bottom: 1px solid #51527c;\">Brooklyn<\/td>\n<td style=\"font-weight: normal; padding: auto; width: 20%; border-bottom: 1px solid #51527c; border-right: 1px solid #51527c;\">-$100,000 (-6.3%)<\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n<\/div>\n<p>For the top five neighborhoods with the highest median dollar price drops, Borough Park, Brooklyn took the lead, with a price drop of <strong>$223,000<\/strong>, which equals a price drop of 16%. Only the boroughs of Brooklyn and Manhattan was represented in the top five this time around.<br \/>\n&nbsp;<br \/>\n&nbsp;<\/p>\n<h5><strong>Top 5 Addresses with the Highest Percentage Price Drop in September<\/strong><\/h5>\n<div style=\"width: 80%; margin: 25px auto 25px auto; text-align: center;\">\n<table style=\"text-align: center; border-spacing: 0px;\">\n<tbody>\n<tr style=\"height: 40px; vertical-align: middle;\">\n<td style=\"font-weight: normal; width: 5%; border: none; background-color: #51527c; border-left: 1px solid #51527c;\"><\/td>\n<td style=\"font-weight: bold; width: 35%; border: none; background-color: #51527c; color: #ffffff;\">Address<\/td>\n<td style=\"font-weight: bold; width: 20%; border: none; background-color: #51527c; color: #ffffff;\">Current Price<\/td>\n<td style=\"font-weight: bold; width: 20%; border: none; background-color: #51527c; color: #ffffff; border-right: 1px solid #51527c;\">Recent % Price Drops<\/td>\n<\/tr>\n<tr style=\"height: 40px; vertical-align: middle;\">\n<td style=\"font-weight: bold; padding: auto; width: 5%; border-left: 1px solid #51527c;\">1<\/td>\n<td style=\"font-weight: normal; padding: auto; width: 35%;\"><a href=\"https:\/\/www.realtyhop.com\/building\/14992-10024\/_\/5194405\">20 W 84th St, Manhattan, 10024<\/a><\/td>\n<td style=\"font-weight: normal; padding: auto; width: 20%;\">$990,000<\/td>\n<td style=\"font-weight: normal; padding: auto; width: 20%; border-right: 1px solid #51527c;\">-38.1% (-$610,000)<\/td>\n<\/tr>\n<tr style=\"height: 40px; vertical-align: middle;\">\n<td style=\"font-weight: bold; padding: auto; width: 5%; border-left: 1px solid #51527c;\">2<\/td>\n<td style=\"font-weight: normal; padding: auto; width: 35%;\"><a href=\"https:\/\/www.realtyhop.com\/building\/50-riverside-blvd-new-york-ny-10069\/12n\/8003796\">50 Riverside Blvd, Manhattan, 10069<\/a><\/td>\n<td style=\"font-weight: normal; padding: auto; width: 20%;\">$2,888,000<\/td>\n<td style=\"font-weight: normal; padding: auto; width: 20%; border-right: 1px solid #51527c;\">-25.7% (-$1,000,000)<\/td>\n<\/tr>\n<tr style=\"height: 40px; vertical-align: middle;\">\n<td style=\"font-weight: bold; padding: auto; width: 5%; border-left: 1px solid #51527c;\">3<\/td>\n<td style=\"font-weight: normal; padding: auto; width: 35%;\"><a href=\"https:\/\/www.realtyhop.com\/building\/15873-new-york-ny-10023\/_\/3955725\">151 Central Park W, Manhattan, 10023<\/a><\/td>\n<td style=\"font-weight: normal; padding: auto; width: 20%;\">$2,400,000<\/td>\n<td style=\"font-weight: normal; padding: auto; width: 20%; border-right: 1px solid #51527c;\">-25.0% (-$800,000)<\/td>\n<\/tr>\n<tr style=\"height: 40px; vertical-align: middle;\">\n<td style=\"font-weight: bold; padding: auto; width: 5%; border-left: 1px solid #51527c;\">4<\/td>\n<td style=\"font-weight: normal; padding: auto; width: 35%;\"><a href=\"https:\/\/www.realtyhop.com\/building\/240-centre-st-10013\/penthouse\/6470364\">240 Centre St, Manhattan, 10013<\/a><\/td>\n<td style=\"font-weight: normal; padding: auto; width: 20%;\">$14,900,000<\/td>\n<td style=\"font-weight: normal; padding: auto; width: 20%; border-right: 1px solid #51527c;\">-23.6% (-$4,600,000)<\/td>\n<\/tr>\n<tr style=\"height: 40px; vertical-align: middle;\">\n<td style=\"font-weight: bold; padding: auto; width: 5%; border-bottom: 1px solid #51527c; border-left: 1px solid #51527c;\">5<\/td>\n<td style=\"font-weight: normal; padding: auto; width: 35%; border-bottom: 1px solid #51527c;\"><a href=\"https:\/\/www.realtyhop.com\/building\/260-w-broadway-new-york-ny-10013\/11a\/5319635\">260 W Broadway, Manhattan, 10013<\/a><\/td>\n<td style=\"font-weight: normal; padding: auto; width: 20%; border-bottom: 1px solid #51527c;\">$11,500,000<\/td>\n<td style=\"font-weight: normal; padding: auto; width: 20%; border-bottom: 1px solid #51527c; border-right: 1px solid #51527c;\">-22.3% (-$3,000,000)<\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n<\/div>\n<p>For the addresses that saw the biggest price drops in September in terms of percentage, only the borough of Manhattan was represented in the top five list. The top address with <strong>the highest percentage price drop was located on the Upper West Side, with a percentage price drop of 38.1%<\/strong>. All the addresses on the top five list saw price cuts above 22%.<br \/>\n&nbsp;<br \/>\n&nbsp;<\/p>\n<h5><strong>Top 5 Addresses with the Highest Dollar Price Drop in September<\/strong><\/h5>\n<div style=\"width: 80%; margin: 25px auto 25px auto; text-align: center;\">\n<table style=\"text-align: center; border-spacing: 0px;\">\n<tbody>\n<tr style=\"height: 40px; vertical-align: middle;\">\n<td style=\"font-weight: normal; width: 5%; border: none; background-color: #51527c; border-left: 1px solid #51527c;\"><\/td>\n<td style=\"font-weight: bold; width: 35%; border: none; background-color: #51527c; color: #ffffff;\">Address<\/td>\n<td style=\"font-weight: bold; width: 20%; border: none; background-color: #51527c; color: #ffffff;\">Current Price<\/td>\n<td style=\"font-weight: bold; width: 20%; border: none; background-color: #51527c; color: #ffffff; border-right: 1px solid #51527c;\">Recent $ Price Drops<\/td>\n<\/tr>\n<tr style=\"height: 40px; vertical-align: middle;\">\n<td style=\"font-weight: bold; padding: auto; width: 5%; border-left: 1px solid #51527c;\">1<\/td>\n<td style=\"font-weight: normal; padding: auto; width: 35%;\"><a href=\"https:\/\/www.realtyhop.com\/building\/15-e-69th-st-10021\/ph\/6563012\">15 E 69th St, Manhattan, 10021<\/a><\/td>\n<td style=\"font-weight: normal; padding: auto; width: 20%;\">$38,500,000<\/td>\n<td style=\"font-weight: normal; padding: auto; width: 20%; border-right: 1px solid #51527c;\">-$6,500,000 (-14.4%)<\/td>\n<\/tr>\n<tr style=\"height: 40px; vertical-align: middle;\">\n<td style=\"font-weight: bold; padding: auto; width: 5%; border-left: 1px solid #51527c;\">2<\/td>\n<td style=\"font-weight: normal; padding: auto; width: 35%;\"><a href=\"https:\/\/www.realtyhop.com\/building\/778-park-ave-new-york-ny-10021\/14fl\/6662807\">778 Park Ave, Manhattan, 10021<\/a><\/td>\n<td style=\"font-weight: normal; padding: auto; width: 20%;\">$39,000,000<\/td>\n<td style=\"font-weight: normal; padding: auto; width: 20%; border-right: 1px solid #51527c;\">-$6,000,000 (-13.3%)<\/td>\n<\/tr>\n<tr style=\"height: 40px; vertical-align: middle;\">\n<td style=\"font-weight: bold; padding: auto; width: 5%; border-left: 1px solid #51527c;\">3<\/td>\n<td style=\"font-weight: normal; padding: auto; width: 35%;\"><a href=\"https:\/\/www.realtyhop.com\/building\/240-centre-st-10013\/penthouse\/6470364\">240 Centre St, Manhattan, 10013 <\/a><\/td>\n<td style=\"font-weight: normal; padding: auto; width: 20%;\">$14,900,000<\/td>\n<td style=\"font-weight: normal; padding: auto; width: 20%; border-right: 1px solid #51527c;\">-$4,600,000 (-23.6%)<\/td>\n<\/tr>\n<tr style=\"height: 40px; vertical-align: middle;\">\n<td style=\"font-weight: bold; padding: auto; width: 5%; border-left: 1px solid #51527c;\">4<\/td>\n<td style=\"font-weight: normal; padding: auto; width: 35%;\"><a href=\"https:\/\/www.realtyhop.com\/building\/1040-5th-ave-10028\/13a\/6391285\">1040 5th Ave, Manhattan, 10028<\/a><\/td>\n<td style=\"font-weight: normal; padding: auto; width: 20%;\">$23,900,000<\/td>\n<td style=\"font-weight: normal; padding: auto; width: 20%; border-right: 1px solid #51527c;\">-$4,600,000 (-16.1%)<\/td>\n<\/tr>\n<tr style=\"height: 40px; vertical-align: middle;\">\n<td style=\"font-weight: bold; padding: auto; width: 5%; border-bottom: 1px solid #51527c; border-left: 1px solid #51527c;\">5<\/td>\n<td style=\"font-weight: normal; padding: auto; width: 35%; border-bottom: 1px solid #51527c;\"><a href=\"https:\/\/www.realtyhop.com\/building\/515-park-ave-new-york-ny-10022\/1516\/3962634\">515 Park Ave, Manhattan, 10022<\/a><\/td>\n<td style=\"font-weight: normal; padding: auto; width: 20%; border-bottom: 1px solid #51527c;\">$35,000,000<\/td>\n<td style=\"font-weight: normal; padding: auto; width: 20%; border-bottom: 1px solid #51527c; border-right: 1px solid #51527c;\">-$4,500,000 (-11.4%)<\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n<\/div>\n<p>Again, all the addresses in the top five addresses with the highest dollar price drop table are located in Manhattan. Last month, the biggest price drop was $2,000,000. This month, we saw significantly bigger price drops as the biggest price drop was for a unit located on the Upper East Side, with a price drop of <strong>$6,500,000, which equals 14.4%<\/strong>. The top addresses with the highest price drops in absolute dollar value ranged in price drops between $4.5M to $6.5M in September.<br \/>\n&nbsp;<br \/>\n&nbsp;<\/p>\n<h5><strong>Full Dataset<\/strong><\/h5>\n<p>The intractive table below includes all NYC listings with price drops in the month of September. You can sort by column or do a quick search using the search bar.<br \/>\n&nbsp;<\/p>\n<div style=\"width: 100%; height: 100%; margin-left: auto; margin-right: auto; text-align: center; padding-left: 0px;\"><iframe loading=\"lazy\" src=\"https:\/\/www.realtyhop.com\/blog\/wp-content\/uploads\/2019\/10\/pricedrops_table_october.html\" width=\"100%\" height=\"85%\" frameborder=\"0\"><span data-mce-type=\"bookmark\" style=\"display: inline-block; width: 0px; overflow: hidden; line-height: 0;\" class=\"mce_SELRES_start\">\ufeff<\/span><\/iframe><\/div>\n<p>&nbsp;<\/p>\n<h5><strong>Methodology<\/strong><\/h5>\n<p>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.<\/p>\n<p>Want to know who owns these listings? Check it out for yourself on our site by using our <a href=\"https:\/\/www.realtyhop.com\/property-records\/search\">New York Property Records Search<\/a>.<\/p>\n<style>\n.button1 {box-shadow: 0 0 0 0 rgba(0,0,0,0.2), 0 0 0 0 rgba(0,0,0,0.19);}.button {   background-color: #51527c; border: none; color: #ffffff; padding: 5px 15px; text-align: center; text-decoration: none; display: inline-block; font-size: 15px; font-weight: bold; margin:4px 2px; cursor: pointer; -webkit-transition-duration: 0.4s; transition-duration: 0.4s;}<\/style>\n<p><strong><\/strong><strong><\/strong><\/p>\n<p><strong><\/strong><\/p>\n","protected":false},"excerpt":{"rendered":"<p>&nbsp; The real estate market has its ups and downs. In October\u2019s monthly price drop report, RealtyHop analyzed available data for September across boroughs and neighborhoods in New York City to provide a useful a useful resource for those looking to invest in real estate. We specifically focused on neighborhoods with the highest total number [&hellip;]<\/p>\n","protected":false},"author":3,"featured_media":4339,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_lmt_disableupdate":"","_lmt_disable":"","footnotes":""},"categories":[3],"tags":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO Premium plugin v21.5 (Yoast SEO v22.5) - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>RealtyHop Price Drop Report: October 2019 - RealtyHop Blog<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.realtyhop.com\/blog\/realtyhop-price-drop-report-october-2019\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"RealtyHop Price Drop Report: October 2019\" \/>\n<meta property=\"og:description\" content=\"&nbsp; The real estate market has its ups and downs. 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