You are hearing it correctly. That is not the usual way to say it. I've never heard that before, but it makes good sense.
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fivejedjonThis speaker of BrE heard 'Why don't I drop you off on the second?.The accent is moderately similar to my own, and so it sounds natural to me.Thank you very much.
listeneverIf so does it make sense?Yes, it makes sense. He's referring to the floor number here. "Why don't I drop you off on the second [floor]?" Someone might also say, "There's trouble on three." Meaning, the third floor.