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25+ years experience · 1,000+ transactions · 5-star reviews
Manhattan
Bronx
Commuters have more transit options in Chelsea, which is served by 14 subway lines compared to 0 in Melrose.
| Metric | Chelsea | Melrose |
|---|---|---|
| Median Sale Price | $1,250,000 | $0 |
| Median Condo Price | $3,052,500 | N/A |
| Median Co-op Price | $830,000 | N/A |
| Median Rent | $5,975 | $2,322.5 |
| Active Listings | 366 | 4 |
| Rental Inventory | 721 | 8 |
| Days on Market | 60.5 | 0 |
| Price Cut Share | 12.8% | 0.0% |
| Monthly Sales Volume | 39 | 1 |
| YoY Price Change | -19.4% | 0.0% |
| YoY Rent Change | +7.7% | 0.0% |
| YoY Inventory Change | -12.9% | 0.0% |
| Subway Lines | 1 2 3 A B C D E F M N Q R W | N/A |
Prices in Chelsea moved -19.4% over the past year, compared to 0.0% in Melrose. 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 ReportMelrose features 19th-century brownstones, neo-Renaissance apartment houses, and modern LEED-certified developments like Via Verde, all anchored by the commercial corridors along Third Avenue and Melrose Avenue. The 2 and 5 trains stop at East 149th Street, the 4 train serves nearby stations, and St. Mary's Park provides 35 acres of green space on the neighborhood's edge.
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
No subway data available
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.
