Milton Coste

Licensed Real Estate Associate Broker

(917) 416-7433

NYC Neighborhood Comparison

East Harlem vs Gramercy Park

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

Manhattan|Manhattan

East Harlem

Manhattan

Gramercy Park

Manhattan

How They Compare

For buyers focused on affordability, East Harlem has the lower median sale price at $689K 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.

Commuters have more transit options in East Harlem, which is served by 3 subway lines compared to 0 in Gramercy Park.

Median Sale Price
$689K
$1.2M
Median Rent
$3K
$5K
Active Listings
65
221
Avg Days on Market
73 days
54.5 days
YoY Price Change
-2.1%
+57.7%
Monthly Sales Volume
4
25

Detailed Comparison

MetricEast HarlemGramercy Park
Median Sale Price$688,500$1,212,500
Median Condo Price$663,250$1,552,831
Median Co-op Price$499,911$677,500
Median Rent$2,950$5,397.5
Active Listings65221
Rental Inventory351228
Days on Market7354.5
Price Cut Share21.5%10.4%
Monthly Sales Volume425
YoY Price Change-2.1%+57.7%
YoY Rent Change+1.9%+14.8%
YoY Inventory Change+8.3%+5.2%
Subway Lines4 5 6N/A

Year-Over-Year Price Movement

Prices in East Harlem moved -2.1% over the past year, compared to +57.7% in Gramercy Park. Gramercy Park is seeing price appreciation while East Harlem has softened, pointing to different supply-demand dynamics in each market.

Neighborhood Profiles

East Harlem

East Harlem, also known as El Barrio, is a neighborhood rich in culture, art, and history. Known for its colorful murals and the historic La Marqueta, the area features a growing number of new residential developments alongside historic buildings. The real estate market offers some of Manhattan's most accessible price points, featuring a mix of historic walk-up cooperatives, value-driven HDFC units, and a surge of new luxury condominium developments that offer modern amenities and easy access to the Upper East Side.

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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 Harlem

456

125 St (4 5 6) — 0.6 mi

Gramercy Park

No subway data available

Active Listings

East Harlem for sale

View all East Harlem 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 Harlem cheaper than Gramercy Park?
Yes, East Harlem has a lower median sale price at $688,500 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 Harlem or Gramercy Park?
East Harlem has access to 3 subway lines and Gramercy Park has 0, making East Harlem 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, East Harlem or Gramercy Park?
This depends on what type of home fits your household. East Harlem 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 Harlem 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 Harlem 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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