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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, Gramercy Park has the lower median sale price at $1.2M vs $1.3M in Chelsea.
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 0 in Gramercy Park.
| Metric | Chelsea | Gramercy Park |
|---|---|---|
| Median Sale Price | $1,250,000 | $1,212,500 |
| Median Condo Price | $3,052,500 | $1,552,831 |
| Median Co-op Price | $830,000 | $677,500 |
| Median Rent | $5,975 | $5,397.5 |
| Active Listings | 366 | 221 |
| Rental Inventory | 721 | 228 |
| Days on Market | 60.5 | 54.5 |
| Price Cut Share | 12.8% | 10.4% |
| Monthly Sales Volume | 39 | 25 |
| YoY Price Change | -19.4% | +57.7% |
| YoY Rent Change | +7.7% | +14.8% |
| YoY Inventory Change | -12.9% | +5.2% |
| 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 +57.7% in Gramercy Park. Gramercy Park is seeing price appreciation while Chelsea has softened, pointing to different supply-demand dynamics in each market.
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 ReportGramercy 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.
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.
