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25+ years experience · 1,000+ transactions · 5-star reviews
NYC Neighborhood Comparison
Side-by-side market data, transit, and neighborhood profiles to help you decide.
Manhattan
Manhattan
For buyers focused on affordability, Chelsea has the lower median sale price at $1.3M vs $1.6M in Little Italy.
Investors analyzing rental yield will find Chelsea offers a stronger rent-to-price ratio based on current market data.
Commuters have more transit options in Chelsea, which is served by 14 subway lines compared to 13 in Little Italy.
| Metric | Chelsea | Little Italy |
|---|---|---|
| Median Sale Price | $1,250,000 | $1,566,781.5 |
| Median Condo Price | $3,052,500 | $1,566,781.5 |
| Median Co-op Price | $830,000 | N/A |
| Median Rent | $5,975 | $4,850 |
| Active Listings | 366 | 9 |
| Rental Inventory | 721 | 43 |
| Days on Market | 60.5 | 0 |
| Price Cut Share | 12.8% | 36.4% |
| Monthly Sales Volume | 39 | 1 |
| YoY Price Change | -19.4% | 0.0% |
| YoY Rent Change | +7.7% | -7.0% |
| YoY Inventory Change | -12.9% | +28.6% |
| Subway Lines | 1 2 3 A B C D E F M N Q R W | 1 6 A B C D E J N Q R W Z |
Prices in Chelsea moved -19.4% over the past year, compared to 0.0% in Little Italy. Both markets have seen price softening, with Chelsea declining more sharply over the measured period.
Chelsea is the epicenter of New York’s contemporary art world and a hub for innovative architecture. Home to the High Line and Chelsea Market, the neighborhood mixes industrial history with modern luxury. The real estate market here is dominated by high-end condominium developments designed by world-renowned architects, alongside historic pre-war lofts and historic townhouses in the Chelsea Historic District.
View Full Market ReportLittle Italy occupies a compact corridor along Mulberry Street in Lower Manhattan between Canal and Houston Streets, defined by red-brick tenement buildings, prewar walk-ups, and cast-iron-facade commercial structures dating to the late 19th century. St. Patrick's Old Cathedral, completed in 1815, anchors the neighborhood's architectural heritage alongside narrow storefronts and fire-escape-lined facades. The 6 train at Spring Street, N/R/W at Canal Street, and J/Z at Bowery place multiple subway options within a short walk.
View Full Market Report34 St-Penn Station (1 2 3 A C E) — 0.6 mi
34 St-Herald Sq (B D F M N Q R W) — 0.7 mi
Grand St (B D) — 0.2 mi
Bowery (J Z) — 0.2 mi
Canal St (1 6 A C E J N Q R W Z) — 0.2 mi
Spring St (6 C E) — 0.2 mi
Prince St (N R W) — 0.4 mi
Listing data is derived in whole or in part from the RLS at REBNY (Real Estate Board of New York) Internet Data Exchange (IDX) database. Real estate listings held by brokerage firms other than Milton Coste | Keller Williams NYC are marked with the RLS logo. The information provided is for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Data last updated: 1/1/1970.
With 25+ years of experience across all five boroughs, I can help you find the right neighborhood for your lifestyle and budget.