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NYC Neighborhood Comparison
Side-by-side market data, transit, and neighborhood profiles to help you decide.
Manhattan
Bronx
Commuters have more transit options in Little Italy, which is served by 13 subway lines compared to 0 in Melrose.
| Metric | Little Italy | Melrose |
|---|---|---|
| Median Sale Price | $1,566,781.5 | $0 |
| Median Condo Price | $1,566,781.5 | N/A |
| Median Co-op Price | N/A | N/A |
| Median Rent | $4,850 | $2,322.5 |
| Active Listings | 9 | 4 |
| Rental Inventory | 43 | 8 |
| Days on Market | 0 | 0 |
| Price Cut Share | 36.4% | 0.0% |
| Monthly Sales Volume | 1 | 1 |
| YoY Price Change | 0.0% | 0.0% |
| YoY Rent Change | -7.0% | 0.0% |
| YoY Inventory Change | +28.6% | 0.0% |
| Subway Lines | 1 6 A B C D E J N Q R W Z | N/A |
Both Little Italy and Melrose saw prices shift 0.0% over the past year. Comparable year-over-year movement suggests both markets are tracking similar citywide conditions.
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.
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 ReportGrand 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
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 is refreshed every 15 minutes per REBNY IDX requirements.
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 Melrose 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 Melrose 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 Italy | Melrose |
|---|---|---|
| Median Sale Price | $1,566,781.5 | $0 |
| Median Rent | $4,850/mo | $2,322.5/mo |
| Year-over-Year Price Change | 0.0% | 0.0% |
| Average Days on Market | 0 days | 0 days |
| Distance to Nearest Subway | 0.19 mi | N/A |
Table values reflect current 2026 market conditions. Historical 2008-2020 commentary is sourced from Case-Shiller NYC metro composite and StreetEasy historical series.
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Data updated:
