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NYC Neighborhood Comparison
Brooklyn
Bronx
For buyers focused on affordability, Morrisania has the lower median sale price at $182K vs $734K in Gerritsen Beach.
Investors analyzing rental yield will find Morrisania offers a stronger rent-to-price ratio based on current market data.
| Metric | Gerritsen Beach | Morrisania |
|---|---|---|
| Median Sale Price | $734,000 | $181,550 |
| Median Condo Price | $523,800 | $270,000 |
| Median Co-op Price | N/A | $181,550 |
| Median Rent | $4,500 | $2,900 |
| Active Listings | 21 | 5 |
| Rental Inventory | 1 | 9 |
| Days on Market | 16 | 55 |
| Price Cut Share | 9.5% | 25.0% |
| Monthly Sales Volume | 3 | 1 |
| YoY Price Change | +0.8% | -77.7% |
| YoY Rent Change | +150.0% | +97.5% |
| YoY Inventory Change | +50.0% | +400.0% |
| Subway Lines | N/A | N/A |
Prices in Gerritsen Beach moved +0.8% over the past year, compared to -77.7% in Morrisania. Gerritsen Beach is seeing price appreciation while Morrisania has softened, pointing to different supply-demand dynamics in each market.
Gerritsen Beach is a waterfront neighborhood on Jamaica Bay featuring compact frame bungalows, two-story cottages, and brick homes, many with private boat docks along Gerritsen Creek and the Gotham Avenue Canal. The neighborhood maintains its coastal character with narrow streets, and residents access Manhattan via the B31 and B44 buses connecting to nearby subway lines.
View Full Market ReportMorrisania is a South Bronx neighborhood of prewar walk-up apartment buildings, mid-rise public housing complexes, and an increasing number of new affordable and market-rate residential developments. The 2 and 5 trains at Freeman Street and Simpson Street provide subway connections, and the 6 train is accessible at nearby Hunts Point Avenue. Crotona Park, with its 3.3-acre lake and running track, is within walking distance.
View Full Market ReportNo subway data available
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. Gerritsen Beach and Morrisania both tracked this broader NYC arc, with annual closing volume contracting sharply in 2009 and again in Q2 2020 before normalizing.
Outer-borough submarkets including Gerritsen Beach and Morrisania generally tracked the broader NYC metro pattern of a 20% to 25% peak-to-trough decline before fully recovering by 2017 and posting further gains through early 2020.
Source: Per Case-Shiller Home Price Index, NYC metro subset, 2008-2020, cross-referenced with StreetEasy historical price data series.
| Metric (2026) | Gerritsen Beach | Morrisania |
|---|---|---|
| Median Sale Price | $734,000 | $181,550 |
| Median Rent | $4,500/mo | $2,900/mo |
| Year-over-Year Price Change | +0.8% | -77.7% |
| Average Days on Market | 16 days | 55 days |
| Distance to Nearest Subway | N/A | 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.
With 25+ years of experience across all five boroughs, I can help you find the right neighborhood for your lifestyle and budget.
Data updated:
