Here are the NYC apartments for sale with the deepest price chops in July
A West Village three-bedroom condo had the biggest dollar drop with $7,750,000 lopped off the asking price.
Price chopping in New York City intensified, with more sellers cutting prices in July than in previous months. The top five neighborhoods had 116 to 158 price drops last month, compared to 50 to 77 in June, according to a new RealtyHop report.
The cuts happened during the first full month that in-person showings were allowed. Buyers are also slowly returning to the market and signed contracts surged towards the end of July.
In July, the Upper East Side and Carnegie Hill had the most price cuts in the city, with a 51 percent increase compared to June. The neighborhoods saw 158 price drops, compared to 77 in June. The biggest price drop in dollars was $7,750,000 and the rest of the cuts ranged from $4,400,100 to $6,850,000. In June, there was a top price cut of $5,100,000 and rest ranged from $2,500,000 to $5,000,000.
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 top five addresses with the biggest dollar price drops were all in Manhattan. A West Village three-bedroom condo had the biggest dollar price drop to $12,000,000, a $7,750,000, or 39 percent cut. Two Chelsea condos in The Getty Residences also made the list for biggest dollar price drops.
Below is a look at the listings with deepest price chops identified in RealtyHop's report.
Top 5 NYC addresses with the biggest dollar price drop in July
150 Charles St., #7BN, West Village
This three bedroom, three and a half bath saw a price drop of $7,750,000 to $12,000,000. The condo has panoramic views with walls of windows in the living and dining rooms, a 532-square-foot terrace, a Sonos sound system, utility room, and powder room. The kitchen features stainless steel Wolf, Sub-Zero, and Miele appliances, polished nickel finishes, and marble counters and backsplash. Amenities include concierge services, a gym with a yoga room, 75-foot swimming pool, saunas, a children's playroom, and a garage.
503 West 24th St., #6, Chelsea
This three bedroom, three and a half bath saw a price drop of $6,850,000 to $9,400,000. The condo overlooks the Highline and features Appalachian light oak flooring, American cerused oak wood paneling, floor-to-ceiling windows, a gas fireplace, a multi-zone climate control system, radiant heat flooring, reinforced art walls, and a Lutron HomeWork system. The Daniel Boulud-designed kitchen has Kinon cabinetry, marble countertops, and integrated Gaggenau appliances.
211 Central Park West, #19E, Upper West Side
This five bedroom, four bath saw a price drop of $4,500,000 to $19,500,000. The co-op duplex has a terrace facing Central Park, a library, wood-burning fireplace, formal dining room, butler's pantry, laundry room, and chevron hardwood flooring. The master suite is on the second floor and has two walk-in closets, a dressing room, and an en suite bath. Amenities include a 24/7 doorman, attended elevators, fitness center, bike storage, and a live-in resident manager.
50 West St., #PH58B, Financial District
This four bedroom, four bath saw a price drop of $4,455,000 to $14,495,000. The condo has walls of windows facing north, west, and south, a breakfast room, in-unit laundry, and a master suite with multiple closets and en suite bath with a sauna. The kitchen has custom cabinetry, granite countertops, a waterfall island, and stainless steel Miele and Sub-Zero appliances. Amenities include a doorman, fitness center, pool, and children's room.
503 West 24th St., #5, Chelsea
This four bedroom, four and a half bath saw a price drop of $4,400,100 to $10,475,000. The condo has direct elevator access, floor-to-ceiling windows in every room, a terrace overlooking the High Line, a gas fireplace, oak hardwood flooring, reinforced art walls, and a Daniel Boulud-designed kitchen with integrated Gaggenau appliances. The master suite has a walk-in closet, an en suite bath with hand-cut Bering Rose marble on the walls, floors, and ceilings.
Top 5 addresses with the highest percentage price drop in July
503 West 24th St., #6, Chelsea
This three bedroom, three and a half bath saw a price drop of 42 percent to $9,400,000. The condo has direct elevator access, a multi-zone climate control system, reinforced art walls, a Lutron HomeWork system, and an additional storage room in the building. The master suite has a walk-in closet with wood paneling, and an en suite bath with a Kinon vanity and Dornbracht fixtures.
150 Charles St., #7BN, West Village
This three bedroom, three and a half bath saw a price drop of 39 percent to $12,000,000. The condo has a long gallery entrance, a Sonos sound system, walls of windows, hardwood floors, stainless steel appliances, and a terrace. The master suite has a walk-in closet and an en suite bath with a soaking tub, LeFroy Brooks fixtures, and heated floors. Amenities include a fitness center with a yoga room and a 75-foot pool, concierge services, children's playroom, and a community room.
503 West 24th St., #5, Chelsea
This four bedroom, four and a half bath saw a price drop of 30 percent to $10,475,000. The condo has custom floor-to-ceiling windows in every room, a double-height living room with a 16-foot-high gas fireplace, a laundry room, and en suite baths in every bedroom. The building has a doorman and is pet friendly.
755 Park Ave., #9H, Upper East Side
This studio saw a price drop of 29 percent to $425,000. The co-op features original herringbone hardwood floors, built-in bookshelves, two large closets, high ceilings, a decorative fireplace, and an eat-in kitchen with a dishwasher. Amenities include a courtyard, fitness center, private storage, bike storage, and a laundry room. Pets and pieds-à-terre are permitted.
1199 Park Ave., #1G, Upper East Side
This medical office space in a co-op building saw a price drop of 28 percent to $475,000. It has hardwood floors, several windows, built-in bookshelves, two soundproof offices, a waiting room, and a full kitchen. The full-service building has a doorman and pets are permitted.
