Milton Coste

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NYC Neighborhood Comparison

Gramercy Park vs Windsor Terrace

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

Manhattan|Brooklyn

Gramercy Park

Manhattan

Windsor Terrace

Brooklyn

How They Compare

For buyers focused on affordability, Windsor Terrace has the lower median sale price at $825K vs $1.2M in Gramercy Park.

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

Median Sale Price
$1.2M
$825K
Median Rent
$5K
$4K
Active Listings
221
41
Avg Days on Market
54.5 days
31.5 days
YoY Price Change
+57.7%
-54.8%
Monthly Sales Volume
25
11

Detailed Comparison

MetricGramercy ParkWindsor Terrace
Median Sale Price$1,212,500$825,000
Median Condo Price$1,552,831N/A
Median Co-op Price$677,500$837,250
Median Rent$5,397.5$3,897.5
Active Listings22141
Rental Inventory22866
Days on Market54.531.5
Price Cut Share10.4%4.9%
Monthly Sales Volume2511
YoY Price Change+57.7%-54.8%
YoY Rent Change+14.8%+2.6%
YoY Inventory Change+5.2%-18.0%
Subway LinesN/AN/A

Year-Over-Year Price Movement

Prices in Gramercy Park moved +57.7% over the past year, compared to -54.8% in Windsor Terrace. Gramercy Park is seeing price appreciation while Windsor Terrace 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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Windsor Terrace

Windsor Terrace borders Prospect Park on three sides and Green-Wood Cemetery to the west, creating a compact residential neighborhood of brick and limestone rowhouses, Victorian-era wood-frame homes, and prewar apartment buildings along Prospect Avenue, Seeley Street, and Vanderbilt Street. The F and G trains stop at 15th Street-Prospect Park and Fort Hamilton Parkway, providing connections to Downtown Brooklyn and Manhattan. Prospect Park's Parade Ground, the city's oldest recreational facility, sits at the neighborhood's southeastern edge.

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Transit Access

Gramercy Park

No subway data available

Windsor Terrace

No subway data available

Active Listings

Gramercy Park for sale

View all Gramercy Park listings

Windsor Terrace for sale

View all Windsor Terrace 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 is refreshed every 15 minutes per REBNY IDX requirements.

Gramercy Park vs Windsor Terrace: Home Price Resilience 2008-2020

From the 2008 financial crisis through the 2020 pandemic, the NYC metro Case-Shiller composite fell about 25% peak-to-trough between 2007 and 2012, then fully recovered by 2017 and gained another 15% through Q1 2020. Gramercy Park and Windsor Terrace both tracked this broader NYC arc, with annual closing volume contracting sharply in 2009 and again in Q2 2020 before normalizing.

Gramercy Park tracked the more resilient Manhattan price path with a 10% to 15% peak-to-trough decline, while Windsor Terrace moved closer to the broader NYC metro pattern of a 20% to 25% retracement before recovering through 2017.

Source: Per Case-Shiller Home Price Index, NYC metro subset, 2008-2020, cross-referenced with StreetEasy historical price data series.

Metric (2026)Gramercy ParkWindsor Terrace
Median Sale Price$1,212,500$825,000
Median Rent$5,397.5/mo$3,897.5/mo
Year-over-Year Price Change+57.7%-54.8%
Average Days on Market54.5 days31.5 days
Distance to Nearest SubwayN/AN/A

Table values reflect current 2026 market conditions. Historical 2008-2020 commentary is sourced from Case-Shiller NYC metro composite and StreetEasy historical series.

Frequently Asked Questions

Is Gramercy Park cheaper than Windsor Terrace?
Windsor Terrace is more affordable, with a median sale price of $825,000 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 Windsor Terrace?
Transit data is not available for these neighborhoods. Check the MTA website for current service maps.
Which is better for families, Gramercy Park or Windsor Terrace?
This depends on what type of home fits your household. Gramercy Park and Windsor Terrace 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 Windsor Terrace?
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 Windsor Terrace 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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