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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
Manhattan
For buyers focused on affordability, Lower East Side has the lower median sale price at $983K vs $1.3M in Chelsea.
Investors analyzing rental yield will find Lower East Side offers a stronger rent-to-price ratio based on current market data.
Commuters have more transit options in Chelsea, which is served by 14 subway lines compared to 6 in Lower East Side.
| Metric | Chelsea | Lower East Side |
|---|---|---|
| Median Sale Price | $1,250,000 | $982,500 |
| Median Condo Price | $3,052,500 | $1,100,000 |
| Median Co-op Price | $830,000 | $710,000 |
| Median Rent | $5,975 | $4,895 |
| Active Listings | 366 | 179 |
| Rental Inventory | 721 | 380 |
| Days on Market | 60.5 | 113 |
| Price Cut Share | 12.8% | 15.1% |
| Monthly Sales Volume | 39 | 10 |
| YoY Price Change | -19.4% | +41.4% |
| YoY Rent Change | +7.7% | +8.9% |
| YoY Inventory Change | -12.9% | +4.1% |
| Subway Lines | 1 2 3 A B C D E F M N Q R W | B D F J M Z |
Prices in Chelsea moved -19.4% over the past year, compared to +41.4% in Lower East Side. Lower East Side is seeing price appreciation while Chelsea has softened, pointing to different supply-demand dynamics in each market.
Chelsea is the epicenter of New York’s contemporary art world and a hub for innovative architecture. Home to the High Line and Chelsea Market, the neighborhood mixes industrial history with modern luxury. The real estate market here is dominated by high-end condominium developments designed by world-renowned architects, alongside historic pre-war lofts and historic townhouses in the Chelsea Historic District.
View Full Market ReportThe Lower East Side (LES) is a neighborhood where New York’s storied history meets its high-end future. Known for its legendary nightlife and deep historic roots, the area has seen a dramatic transformation with the arrival of luxury towers like Essex Crossing. The housing stock is a unique mix of historic walk-up cooperatives, value-driven HDFC units, and ultra-modern condominiums that offer some of the best views in Downtown Manhattan.
View Full Market Report34 St-Penn Station (1 2 3 A C E) — 0.6 mi
34 St-Herald Sq (B D F M N Q R W) — 0.7 mi
East Broadway (F) — 0.3 mi
Delancey St-Essex St (F J M Z) — 0.3 mi
Grand St (B D) — 0.5 mi
Bowery (J Z) — 0.5 mi
Second Ave (F) — 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.