Milton Coste

Licensed Real Estate Associate Broker

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NYC Neighborhood Comparison

Little Italy vs Pelham Parkway

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

Manhattan|Bronx

Little Italy

Manhattan

Pelham Parkway

Bronx

How They Compare

Commuters have more transit options in Little Italy, which is served by 13 subway lines compared to 0 in Pelham Parkway.

Median Sale Price
$1.6M
$0
Median Rent
$5K
$2K
Active Listings
9
9
Avg Days on Market
0 days
0 days
YoY Price Change
0.0%
0.0%
Monthly Sales Volume
1
5

Detailed Comparison

MetricLittle ItalyPelham Parkway
Median Sale Price$1,566,781.5$0
Median Condo Price$1,566,781.5N/A
Median Co-op PriceN/AN/A
Median Rent$4,850$1,850
Active Listings99
Rental Inventory436
Days on Market00
Price Cut Share36.4%13.3%
Monthly Sales Volume15
YoY Price Change0.0%0.0%
YoY Rent Change-7.0%+5.7%
YoY Inventory Change+28.6%-47.1%
Subway Lines1 6 A B C D E J N Q R W ZN/A

Year-Over-Year Price Movement

Both Little Italy and Pelham Parkway saw prices shift 0.0% over the past year. Comparable year-over-year movement suggests both markets are tracking similar citywide conditions.

Neighborhood Profiles

Little Italy

Little Italy occupies a compact corridor along Mulberry Street in Lower Manhattan between Canal and Houston Streets, defined by red-brick tenement buildings, prewar walk-ups, and cast-iron-facade commercial structures dating to the late 19th century. St. Patrick's Old Cathedral, completed in 1815, anchors the neighborhood's architectural heritage alongside narrow storefronts and fire-escape-lined facades. The 6 train at Spring Street, N/R/W at Canal Street, and J/Z at Bowery place multiple subway options within a short walk.

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Pelham Parkway

Pelham Parkway features six- and seven-story prewar Art Deco and Renaissance Revival apartment buildings with terra-cotta facades and ornate entryways, alongside detached houses on residential side streets. The 2 and 5 trains at Pelham Parkway and Bronx Park East stations connect to Manhattan, and the neighborhood borders the Bronx Zoo and New York Botanical Garden.

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Transit Access

Little Italy

16ABCDEJNQRWZ

Grand St (B D) — 0.2 mi

Bowery (J Z) — 0.2 mi

Canal St (1 6 A C E J N Q R W Z) — 0.2 mi

Spring St (6 C E) — 0.2 mi

Prince St (N R W) — 0.4 mi

Pelham Parkway

No subway data available

Active Listings

Little Italy for sale

View all Little Italy listings

Pelham Parkway for sale

View all Pelham Parkway 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.

Little Italy vs Pelham Parkway: 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. Little Italy and Pelham Parkway both tracked this broader NYC arc, with annual closing volume contracting sharply in 2009 and again in Q2 2020 before normalizing.

Little Italy tracked the more resilient Manhattan price path with a 10% to 15% peak-to-trough decline, while Pelham Parkway 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)Little ItalyPelham Parkway
Median Sale Price$1,566,781.5$0
Median Rent$4,850/mo$1,850/mo
Year-over-Year Price Change0.0%0.0%
Average Days on Market0 days0 days
Distance to Nearest Subway0.19 miN/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 Little Italy cheaper than Pelham Parkway?
Median sale price data is not yet available for one or both neighborhoods. Contact Milton for a current market analysis.
Which has better transit, Little Italy or Pelham Parkway?
Little Italy has access to 13 subway lines and Pelham Parkway has 0, making Little Italy the stronger option for transit access. Pelham Parkway has 0 lines, which may still cover your commute depending on your destination.
Which is better for families, Little Italy or Pelham Parkway?
This depends on what type of home fits your household. Little Italy and Pelham Parkway 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 Little Italy or Pelham Parkway?
The right neighborhood depends on your price range, commute needs, and preferred property type. A comparative market analysis (CMA) of recent sales in both Little Italy and Pelham Parkway 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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