5,440 price drops detected
5,440 active New York price drops out of 16,353 listings scanned · last scan. Average cut −7.5% · deepest −60.2% · $1.24B in total reductions.
Largest New York price drops (last scan Nov 12, 2:03 AM ET)
- 465 Park Ave #25EW, New York, NY 10022 — 3BR · apartment · Manhattan: $2.5M → $995K (−60.2%)
- 3117 Kings Hwy, Brooklyn, NY 11234 — 2BR · villa · Brooklyn: $1.77M → $888K (−50.0%)
- 3115 Kings Hwy, Brooklyn, NY 11234 — 6BR · multi-family · Brooklyn: $1.77M → $888K (−50.0%)
- 3117 Kings Hwy #1, Brooklyn, NY 11234 — 6BR · villa · Brooklyn: $1.77M → $888K (−50.0%)
- 781 5th Ave APT 1101, New York, NY 10022 — 2BR · apartment · Manhattan: $2.99M → $1.5M (−49.9%)
- 860 5th Ave #Phj, New York, NY 10065 — 3BR · apartment · Upper East Side: $15.5M → $8M (−48.4%)
- 149-16 14th Avenue, Whitestone, NY 11357 — land · Whitestone: $2.29M → $1.2M (−47.8%)
- 3060 44th St, Astoria, NY 11103 — 12BR · villa · Astoria: $3.3M → $1.75M (−47.0%)
- 71 Adams Ave, Staten Island, NY 10306 — 2BR · villa · Staten Island: $1.59M → $849K (−46.9%)
- 433 Arcady Road, Ossining, NY 10562 — 8BR · villa · Ossining: $5.5M → $2.99M (−45.5%)
About New York price drops
We monitor luxury real estate listings across New York City in real time, surfacing motivated-seller price reductions on Manhattan condos, Brooklyn brownstones, and Hamptons estates as soon as they hit the market. Our system tracks every active NYC luxury listing daily — currently 5,440 active reductions across 131 areas (as of August 25, 2026; Zillow buy-only). Not Miami.
Browse by surface: NYC luxury rentals with price drops for the rental market, or NYC market data for aggregated trends.
NYC luxury price drops by neighborhood — the highest-activity surfaces include the Manhattan core (Manhattan, Upper East Side, Upper West Side, Tribeca, SoHo, West Village, Chelsea), the Brooklyn premium markets (Brooklyn, DUMBO, Williamsburg, Park Slope), and the Long Island / commuter prestige communities (The Hamptons, Southampton, East Hampton, Greenwich, Hoboken, Jersey City).
Where the discounts come from. NYC luxury distress concentrates in three categories: (1) post-pandemic relocations completing their tax-residence moves (Florida/Texas departures, finalizing 5-year cycles), (2) interest-rate-sensitive leverage as variable-rate jumbos reprice through 2024-2026, (3) supply concentration in newly-completed Hudson Yards / Lower Manhattan supertall towers. Cuts of 5-12% are common on $3-10M Manhattan condos; 15%+ is real distress. Buyers should factor the NYC mansion tax — see our NYC mansion tax guide for the brackets and how they affect closing costs. Compare the tax and transfer stack with Dubai — Dubai vs New York luxury real estate.
Luxury Price Drops is a real-time property price tracker covering UAE, US, Spain, Portugal, and Italy markets — follow @panicsellingxyz for real-time alerts.
Browse by surface: NYC luxury rentals with price drops for the rental market, or NYC market data for aggregated trends.
NYC luxury price drops by neighborhood — the highest-activity surfaces include the Manhattan core (Manhattan, Upper East Side, Upper West Side, Tribeca, SoHo, West Village, Chelsea), the Brooklyn premium markets (Brooklyn, DUMBO, Williamsburg, Park Slope), and the Long Island / commuter prestige communities (The Hamptons, Southampton, East Hampton, Greenwich, Hoboken, Jersey City).
Where the discounts come from. NYC luxury distress concentrates in three categories: (1) post-pandemic relocations completing their tax-residence moves (Florida/Texas departures, finalizing 5-year cycles), (2) interest-rate-sensitive leverage as variable-rate jumbos reprice through 2024-2026, (3) supply concentration in newly-completed Hudson Yards / Lower Manhattan supertall towers. Cuts of 5-12% are common on $3-10M Manhattan condos; 15%+ is real distress. Buyers should factor the NYC mansion tax — see our NYC mansion tax guide for the brackets and how they affect closing costs. Compare the tax and transfer stack with Dubai — Dubai vs New York luxury real estate.
Luxury Price Drops is a real-time property price tracker covering UAE, US, Spain, Portugal, and Italy markets — follow @panicsellingxyz for real-time alerts.
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