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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.
Queens
Bronx
Commuters have more transit options in Long Island City, which is served by 7 subway lines compared to 0 in Melrose.
| Metric | Long Island City | Melrose |
|---|---|---|
| Median Sale Price | $1,237,500 | $0 |
| Median Condo Price | $1,124,830 | N/A |
| Median Co-op Price | N/A | N/A |
| Median Rent | $4,500 | $2,322.5 |
| Active Listings | 252 | 4 |
| Rental Inventory | 942 | 8 |
| Days on Market | 104.5 | 0 |
| Price Cut Share | 7.5% | 0.0% |
| Monthly Sales Volume | 8 | 1 |
| YoY Price Change | +38.6% | 0.0% |
| YoY Rent Change | +3.4% | 0.0% |
| YoY Inventory Change | +56.5% | 0.0% |
| Subway Lines | 7 E G M N R W | N/A |
Prices in Long Island City moved +38.6% over the past year, compared to 0.0% in Melrose. The +38.6% gain in Long Island City reflects stronger buyer demand relative to available inventory in that market.
Long Island City sits directly across the East River from Midtown Manhattan, reachable in one stop on the 7 train. LIC has added more than 12,000 residential units since 2015, transforming former industrial blocks into a corridor of glass-tower condos, converted loft co-ops, and rental high-rises along the waterfront. Gantry Plaza State Park, MoMA PS1, and the Hunters Point Library anchor the neighborhood’s cultural identity. Median condo prices run roughly 30-40% below comparable Manhattan waterfront units, drawing both first-time buyers and investors looking for appreciation in one of the city’s highest-growth zip codes.
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 ReportHunters Point Av (7) — 0.2 mi
Court Sq (7 E G M) — 0.2 mi
Long Island City (E G M R) — 0.6 mi
Queensboro Plaza (7 N W) — 0.6 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.
