Milton Coste

Licensed Real Estate Associate Broker

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NYC Neighborhood Comparison

Gowanus vs Gramercy Park

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

Brooklyn|Manhattan

Gowanus

Brooklyn

Gramercy Park

Manhattan

How They Compare

For buyers focused on affordability, Gowanus has the lower median sale price at $1.0M vs $1.2M in Gramercy Park.

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

Median Sale Price
$1.0M
$1.2M
Median Rent
$5K
$5K
Active Listings
19
221
Avg Days on Market
43 days
54.5 days
YoY Price Change
+51.6%
+57.7%
Monthly Sales Volume
1
25

Detailed Comparison

MetricGowanusGramercy Park
Median Sale Price$1,045,000$1,212,500
Median Condo Price$775,000$1,552,831
Median Co-op PriceN/A$677,500
Median Rent$4,850$5,397.5
Active Listings19221
Rental Inventory295228
Days on Market4354.5
Price Cut Share15.8%10.4%
Monthly Sales Volume125
YoY Price Change+51.6%+57.7%
YoY Rent Change+7.8%+14.8%
YoY Inventory Change-38.7%+5.2%
Subway LinesN/AN/A

Year-Over-Year Price Movement

Prices in Gowanus moved +51.6% over the past year, compared to +57.7% in Gramercy Park. The +57.7% gain in Gramercy Park reflects stronger buyer demand relative to available inventory in that market.

Neighborhood Profiles

Gowanus

Gowanus features a striking mix of 19th-century brick warehouses, Greek Revival rowhouses, and new glass-and-steel condominiums rising along the canal waterfront. The F, G, R, D, and N/W trains are accessible at nearby Smith-Ninth Streets and Fourth Avenue-Ninth Street stations, with Atlantic Terminal a short walk north. Washington Park and the Old Stone House landmark anchor the neighborhood's green space, while a major rezoning is bringing thousands of new residential units and waterfront parkland to the area.

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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

Gowanus

No subway data available

Gramercy Park

No subway data available

Active Listings

Gowanus for sale

View all Gowanus 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 Gowanus cheaper than Gramercy Park?
Yes, Gowanus has a lower median sale price at $1,045,000 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, Gowanus or Gramercy Park?
Transit data is not available for these neighborhoods. Check the MTA website for current service maps.
Which is better for families, Gowanus or Gramercy Park?
This depends on what type of home fits your household. Gowanus 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 Gowanus 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 Gowanus 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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