Milton Coste

Licensed Real Estate Associate Broker

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NYC Neighborhood Comparison

Gramercy Park vs Jamaica Estates

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

Manhattan|Queens

Gramercy Park

Manhattan

Jamaica Estates

Queens

How They Compare

For buyers focused on affordability, Jamaica Estates has the lower median sale price at $1.1M 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
$1.2M
$1.1M
Median Rent
$5K
$2K
Active Listings
221
19
Avg Days on Market
54.5 days
67 days
YoY Price Change
+57.7%
-9.3%
Monthly Sales Volume
25
5

Detailed Comparison

MetricGramercy ParkJamaica Estates
Median Sale Price$1,212,500$1,095,000
Median Condo Price$1,552,831N/A
Median Co-op Price$677,500$186,000
Median Rent$5,397.5$2,250
Active Listings22119
Rental Inventory22821
Days on Market54.567
Price Cut Share10.4%21.1%
Monthly Sales Volume255
YoY Price Change+57.7%-9.3%
YoY Rent Change+14.8%-11.8%
YoY Inventory Change+5.2%+35.7%
Subway LinesN/AN/A

Year-Over-Year Price Movement

Prices in Gramercy Park moved +57.7% over the past year, compared to -9.3% in Jamaica Estates. Gramercy Park is seeing price appreciation while Jamaica Estates has softened, pointing to different supply-demand dynamics in each market.

Neighborhood Profiles

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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Jamaica Estates

Jamaica Estates is a residential Queens neighborhood of large Tudor, Colonial, and Mediterranean-style homes on winding tree-lined streets along the hills of the terminal moraine. The F train at Hillside Avenue and the LIRR at Jamaica station are accessible by bus. The Grand Central Parkway borders the neighborhood to the north, providing highway access to Manhattan and Long Island.

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Transit Access

Gramercy Park

No subway data available

Jamaica Estates

No subway data available

Active Listings

Gramercy Park for sale

View all Gramercy Park listings

Jamaica Estates for sale

View all Jamaica Estates 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 Gramercy Park cheaper than Jamaica Estates?
Jamaica Estates is more affordable, with a median sale price of $1,095,000 vs $1,212,500 in Gramercy Park. Pricing can vary widely by building, floor, and unit condition, so review current listings for accurate comparisons.
Which has better transit, Gramercy Park or Jamaica Estates?
Transit data is not available for these neighborhoods. Check the MTA website for current service maps.
Which is better for families, Gramercy Park or Jamaica Estates?
This depends on what type of home fits your household. Gramercy Park and Jamaica Estates 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 Gramercy Park or Jamaica Estates?
The right neighborhood depends on your price range, commute needs, and preferred property type. A comparative market analysis (CMA) of recent sales in both Gramercy Park and Jamaica Estates 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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