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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
Queens
For buyers focused on affordability, Gramercy Park has the lower median sale price at $1.2M vs $1.2M in Long Island City.
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 Long Island City, which is served by 7 subway lines compared to 0 in Gramercy Park.
| Metric | Gramercy Park | Long Island City |
|---|---|---|
| Median Sale Price | $1,212,500 | $1,237,500 |
| Median Condo Price | $1,552,831 | $1,124,830 |
| Median Co-op Price | $677,500 | N/A |
| Median Rent | $5,397.5 | $4,500 |
| Active Listings | 221 | 252 |
| Rental Inventory | 228 | 942 |
| Days on Market | 54.5 | 104.5 |
| Price Cut Share | 10.4% | 7.5% |
| Monthly Sales Volume | 25 | 8 |
| YoY Price Change | +57.7% | +38.6% |
| YoY Rent Change | +14.8% | +3.4% |
| YoY Inventory Change | +5.2% | +56.5% |
| Subway Lines | N/A | 7 E G M N R W |
Prices in Gramercy Park moved +57.7% over the past year, compared to +38.6% in Long Island City. The +57.7% gain in Gramercy Park reflects stronger buyer demand relative to available inventory in that market.
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.
View Full Market ReportLong Island City sits directly across the East River from Midtown Manhattan, reachable in one stop on the 7 train. LIC has added more than 12,000 residential units since 2015, transforming former industrial blocks into a corridor of glass-tower condos, converted loft co-ops, and rental high-rises along the waterfront. Gantry Plaza State Park, MoMA PS1, and the Hunters Point Library anchor the neighborhood’s cultural identity. Median condo prices run roughly 30-40% below comparable Manhattan waterfront units, drawing both first-time buyers and investors looking for appreciation in one of the city’s highest-growth zip codes.
View Full Market ReportNo subway data available
Hunters Point Av (7) — 0.2 mi
Court Sq (7 E G M) — 0.2 mi
Long Island City (E G M R) — 0.6 mi
Queensboro Plaza (7 N W) — 0.6 mi
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.