Milton Coste

Licensed Real Estate Associate Broker

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NYC Neighborhood Comparison

Gramercy Park vs Prospect Lefferts Gardens

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

Manhattan|Brooklyn

Gramercy Park

Manhattan

Prospect Lefferts Gardens

Brooklyn

How They Compare

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
$1.2M
Median Rent
$5K
$3K
Active Listings
221
44
Avg Days on Market
54.5 days
32 days
YoY Price Change
+57.7%
+110.9%
Monthly Sales Volume
25
10

Detailed Comparison

MetricGramercy ParkProspect Lefferts Gardens
Median Sale Price$1,212,500$1,212,500
Median Condo Price$1,552,831$912,500
Median Co-op Price$677,500N/A
Median Rent$5,397.5$3,150
Active Listings22144
Rental Inventory228165
Days on Market54.532
Price Cut Share10.4%4.5%
Monthly Sales Volume2510
YoY Price Change+57.7%+110.9%
YoY Rent Change+14.8%+6.1%
YoY Inventory Change+5.2%+18.9%
Subway LinesN/AN/A

Year-Over-Year Price Movement

Prices in Gramercy Park moved +57.7% over the past year, compared to +110.9% in Prospect Lefferts Gardens. The +110.9% gain in Prospect Lefferts Gardens 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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Prospect Lefferts Gardens

Prospect Lefferts Gardens borders the eastern edge of Prospect Park and sits adjacent to the Brooklyn Botanic Garden and Brooklyn Museum, with the Lefferts Manor Historic District preserving blocks of limestone, brownstone, and brick rowhouses in Renaissance Revival, Neo-Federal, and Tudor Revival styles. The B, Q, and S trains stop at Prospect Park station, the Q serves Parkside Avenue, and the 2 and 5 trains connect at Sterling and Winthrop Streets. Housing ranges from intact 19th- and early 20th-century rowhouses to prewar apartment buildings along the main corridors.

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Transit Access

Gramercy Park

No subway data available

Prospect Lefferts Gardens

No subway data available

Active Listings

Gramercy Park for sale

View all Gramercy Park listings

Prospect Lefferts Gardens for sale

View all Prospect Lefferts Gardens 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 Prospect Lefferts Gardens?
Gramercy Park and Prospect Lefferts Gardens are currently priced similarly, both at a median sale price of $1,212,500. Budget constraints will matter less than property type preference and building specifics.
Which has better transit, Gramercy Park or Prospect Lefferts Gardens?
Transit data is not available for these neighborhoods. Check the MTA website for current service maps.
Which is better for families, Gramercy Park or Prospect Lefferts Gardens?
This depends on what type of home fits your household. Gramercy Park and Prospect Lefferts Gardens 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 Prospect Lefferts Gardens?
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 Prospect Lefferts Gardens 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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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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