Milton Coste

Licensed Real Estate Associate Broker

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NYC Neighborhood Comparison

East New York vs Gramercy Park

Side-by-side market data, transit, and neighborhood profiles to help you decide.

Brooklyn|Manhattan

East New York

Brooklyn

Gramercy Park

Manhattan

How They Compare

For buyers focused on affordability, East New York has the lower median sale price at $722K vs $1.2M in Gramercy Park.

Investors analyzing rental yield will find Gramercy Park offers a stronger rent-to-price ratio based on current market data.

Median Sale Price
$722K
$1.2M
Median Rent
$3K
$5K
Active Listings
82
221
Avg Days on Market
64 days
54.5 days
YoY Price Change
-2.8%
+57.7%
Monthly Sales Volume
20
25

Detailed Comparison

MetricEast New YorkGramercy Park
Median Sale Price$721,500$1,212,500
Median Condo Price$263,940$1,552,831
Median Co-op PriceN/A$677,500
Median Rent$3,000$5,397.5
Active Listings82221
Rental Inventory129228
Days on Market6454.5
Price Cut Share9.8%10.4%
Monthly Sales Volume2025
YoY Price Change-2.8%+57.7%
YoY Rent Change+7.1%+14.8%
YoY Inventory Change-7.9%+5.2%
Subway LinesN/AN/A

Year-Over-Year Price Movement

Prices in East New York moved -2.8% over the past year, compared to +57.7% in Gramercy Park. Gramercy Park is seeing price appreciation while East New York has softened, pointing to different supply-demand dynamics in each market.

Neighborhood Profiles

East New York

East New York offers a wide range of housing types including semi-detached homes, two-to-four-family houses, brick rowhouses, and new affordable construction developments along major corridors like Atlantic and Pennsylvania Avenues. The neighborhood has strong transit coverage with the 2, 3, 4, and 5 trains on the New Lots Line and the L train along the Canarsie Line, plus the major transfer hub at Broadway Junction. Shirley Chisholm State Park on Jamaica Bay and Spring Creek Park provide waterfront green space along the neighborhood's southern edge.

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Gramercy Park

Gramercy Park is one of New York City’s most storied and architecturally distinctive neighborhoods, centered around the only private park in Manhattan. The area exudes old-world charm with its gas-lit streets and impeccably preserved 19th-century architecture. While the park itself is private, the surrounding real estate offers a mix of historic brownstones, elegant pre-war cooperatives, and boutique new developments that cater to those seeking a low-traffic urban retreat.

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Transit Access

East New York

No subway data available

Gramercy Park

No subway data available

Active Listings

East New York for sale

View all East New York listings

Gramercy Park for sale

View all Gramercy Park listings

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.

Frequently Asked Questions

Is East New York cheaper than Gramercy Park?
Yes, East New York has a lower median sale price at $721,500 compared to $1,212,500 in Gramercy Park as of the most recent market data. Co-op and condo prices within each neighborhood can vary significantly, so the right fit depends on property type and building.
Which has better transit, East New York or Gramercy Park?
Transit data is not available for these neighborhoods. Check the MTA website for current service maps.
Which is better for families, East New York or Gramercy Park?
This depends on what type of home fits your household. East New York and Gramercy Park both offer a mix of apartment and multi-room units in co-ops, condos, and townhouses. Larger 3- and 4-bedroom units, including townhouses and multi-family properties, tend to be more available in lower-density areas. Reviewing active listings filtered by bedroom count is the most reliable way to see what each neighborhood currently offers for larger households. A licensed broker can pull current inventory by bedroom count across both areas for a direct comparison.
Should I buy in East New York or Gramercy Park?
The right neighborhood depends on your price range, commute needs, and preferred property type. A comparative market analysis (CMA) of recent sales in both East New York and Gramercy Park gives you the clearest picture of what your budget gets in each location. Request a free CMA from Milton Coste to get a side-by-side breakdown of current opportunities.

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Need Help Choosing?

With 25+ years of experience across all five boroughs, I can help you find the right neighborhood for your lifestyle and budget.

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