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25+ years experience · 1,000+ transactions · 5-star reviews
Brooklyn
Bronx
Commuters have more transit options in DUMBO, which is served by 6 subway lines compared to 0 in Melrose.
| Metric | DUMBO | Melrose |
|---|---|---|
| Median Sale Price | $1,950,000 | $0 |
| Median Condo Price | $1,950,000 | N/A |
| Median Co-op Price | N/A | N/A |
| Median Rent | $6,250 | $2,322.5 |
| Active Listings | 93 | 4 |
| Rental Inventory | 149 | 8 |
| Days on Market | 89 | 0 |
| Price Cut Share | 6.5% | 0.0% |
| Monthly Sales Volume | 4 | 1 |
| YoY Price Change | +3.4% | 0.0% |
| YoY Rent Change | +17.9% | 0.0% |
| YoY Inventory Change | +1.1% | 0.0% |
| Subway Lines | 2 3 A C F R | N/A |
Prices in DUMBO moved +3.4% over the past year, compared to 0.0% in Melrose. The +3.4% gain in DUMBO reflects stronger buyer demand relative to available inventory in that market.
DUMBO (Down Under the Manhattan Bridge Overpass) sits between the Brooklyn and Manhattan Bridges along the East River waterfront, with a 95-building historic district of converted industrial warehouses. The housing market features spacious loft residences with exposed brick and high ceilings alongside modern luxury condominiums with skyline and waterfront views, served by the F train at York Street and the A and C at High Street. Brooklyn Bridge Park stretches along the waterfront with piers, playgrounds, and Jane's Carousel.
View Full Market ReportMelrose features 19th-century brownstones, neo-Renaissance apartment houses, and modern LEED-certified developments like Via Verde, all anchored by the commercial corridors along Third Avenue and Melrose Avenue. The 2 and 5 trains stop at East 149th Street, the 4 train serves nearby stations, and St. Mary's Park provides 35 acres of green space on the neighborhood's edge.
View Full Market ReportYork St (F) — 0.2 mi
High St (A C) — 0.3 mi
Clark St (2 3) — 0.5 mi
Court St (R) — 0.7 mi
East Broadway (F) — 0.7 mi
No subway data available
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.
