Milton Coste

Licensed Real Estate Associate Broker

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NYC Neighborhood Comparison

DUMBO vs Gramercy Park

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

Brooklyn|Manhattan

DUMBO

Brooklyn

Gramercy Park

Manhattan

How They Compare

For buyers focused on affordability, Gramercy Park has the lower median sale price at $1.2M vs $1.9M in DUMBO.

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

Commuters have more transit options in DUMBO, which is served by 6 subway lines compared to 0 in Gramercy Park.

Median Sale Price
$1.9M
$1.2M
Median Rent
$6K
$5K
Active Listings
93
221
Avg Days on Market
89 days
54.5 days
YoY Price Change
+3.4%
+57.7%
Monthly Sales Volume
4
25

Detailed Comparison

MetricDUMBOGramercy Park
Median Sale Price$1,950,000$1,212,500
Median Condo Price$1,950,000$1,552,831
Median Co-op PriceN/A$677,500
Median Rent$6,250$5,397.5
Active Listings93221
Rental Inventory149228
Days on Market8954.5
Price Cut Share6.5%10.4%
Monthly Sales Volume425
YoY Price Change+3.4%+57.7%
YoY Rent Change+17.9%+14.8%
YoY Inventory Change+1.1%+5.2%
Subway Lines2 3 A C F RN/A

Year-Over-Year Price Movement

Prices in DUMBO moved +3.4% 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

DUMBO

DUMBO (Down Under the Manhattan Bridge Overpass) sits between the Brooklyn and Manhattan Bridges along the East River waterfront, with a 95-building historic district of converted industrial warehouses. The housing market features spacious loft residences with exposed brick and high ceilings alongside modern luxury condominiums with skyline and waterfront views, served by the F train at York Street and the A and C at High Street. Brooklyn Bridge Park stretches along the waterfront with piers, playgrounds, and Jane's Carousel.

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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

DUMBO

23ACFR

York St (F) — 0.2 mi

High St (A C) — 0.3 mi

Clark St (2 3) — 0.5 mi

Court St (R) — 0.7 mi

East Broadway (F) — 0.7 mi

Gramercy Park

No subway data available

Active Listings

DUMBO for sale

View all DUMBO 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 DUMBO cheaper than Gramercy Park?
Gramercy Park is more affordable, with a median sale price of $1,212,500 vs $1,950,000 in DUMBO. Pricing can vary widely by building, floor, and unit condition, so review current listings for accurate comparisons.
Which has better transit, DUMBO or Gramercy Park?
DUMBO has access to 6 subway lines and Gramercy Park has 0, making DUMBO the stronger option for transit access. Gramercy Park has 0 lines, which may still cover your commute depending on your destination.
Which is better for families, DUMBO or Gramercy Park?
This depends on what type of home fits your household. DUMBO 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 DUMBO 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 DUMBO 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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