Milton Coste

Licensed Real Estate Associate Broker

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NYC Neighborhood Comparison

Gramercy Park vs Morrisania

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

Manhattan|Bronx

Gramercy Park

Manhattan

Morrisania

Bronx

How They Compare

For buyers focused on affordability, Morrisania has the lower median sale price at $166K vs $1.2M in Gramercy Park.

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

Median Sale Price
$1.2M
$166K
Median Rent
$5K
$4K
Active Listings
221
2
Avg Days on Market
54.5 days
0 days
YoY Price Change
+57.7%
0.0%
Monthly Sales Volume
25
6

Detailed Comparison

MetricGramercy ParkMorrisania
Median Sale Price$1,212,500$166,215
Median Condo Price$1,552,831N/A
Median Co-op Price$677,500$166,215
Median Rent$5,397.5$3,550
Active Listings2212
Rental Inventory2286
Days on Market54.50
Price Cut Share10.4%0.0%
Monthly Sales Volume256
YoY Price Change+57.7%0.0%
YoY Rent Change+14.8%+97.2%
YoY Inventory Change+5.2%-33.3%
Subway LinesN/AN/A

Year-Over-Year Price Movement

Prices in Gramercy Park moved +57.7% over the past year, compared to 0.0% in Morrisania. The +57.7% gain in Gramercy Park reflects stronger buyer demand relative to available inventory in that 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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Morrisania

Morrisania is a South Bronx neighborhood of prewar walk-up apartment buildings, mid-rise public housing complexes, and an increasing number of new affordable and market-rate residential developments. The 2 and 5 trains at Freeman Street and Simpson Street provide subway connections, and the 6 train is accessible at nearby Hunts Point Avenue. Crotona Park, with its 3.3-acre lake and running track, is within walking distance.

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Transit Access

Gramercy Park

No subway data available

Morrisania

No subway data available

Active Listings

Gramercy Park for sale

View all Gramercy Park listings

Morrisania for sale

View all Morrisania 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 Morrisania?
Morrisania is more affordable, with a median sale price of $166,215 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 Morrisania?
Transit data is not available for these neighborhoods. Check the MTA website for current service maps.
Which is better for families, Gramercy Park or Morrisania?
This depends on what type of home fits your household. Gramercy Park and Morrisania 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 Morrisania?
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 Morrisania 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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