Milton Coste

Licensed Real Estate Associate Broker

(917) 416-7433

NYC Neighborhood Comparison

Melrose vs Prospect Park South

Side-by-side market data, transit, and neighborhood profiles to help you decide.

Bronx|Brooklyn

Melrose

Bronx

Prospect Park South

Brooklyn

Median Sale Price
$0
$680K
Median Rent
$2K
$3K
Active Listings
4
22
Avg Days on Market
0 days
119.5 days
YoY Price Change
0.0%
0.0%
Monthly Sales Volume
1
2

Detailed Comparison

MetricMelroseProspect Park South
Median Sale Price$0$680,000
Median Condo PriceN/A$628,220
Median Co-op PriceN/AN/A
Median Rent$2,322.5$3,300
Active Listings422
Rental Inventory863
Days on Market0119.5
Price Cut Share0.0%9.1%
Monthly Sales Volume12
YoY Price Change0.0%0.0%
YoY Rent Change0.0%+18.1%
YoY Inventory Change0.0%-4.3%
Subway LinesN/AN/A

Year-Over-Year Price Movement

Both Melrose and Prospect Park South saw prices shift 0.0% over the past year. Comparable year-over-year movement suggests both markets are tracking similar citywide conditions.

Neighborhood Profiles

Melrose

Melrose 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.

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Prospect Park South

Prospect Park South is a designated New York City historic district featuring over 200 architect-designed homes in Queen Anne, Tudor Revival, Colonial Revival, and Italianate styles, many with spacious front yards and original period details. The B and Q trains stop at Parkside Avenue and Prospect Park stations, placing Downtown Brooklyn and Manhattan within easy reach. The neighborhood borders Prospect Park's southern edge, providing direct access to 526 acres of green space including the Parade Ground's athletic fields.

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Transit Access

Melrose

No subway data available

Prospect Park South

No subway data available

Active Listings

Melrose for sale

View all Melrose listings

Prospect Park South for sale

View all Prospect Park South listings

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.

Frequently Asked Questions

Is Melrose cheaper than Prospect Park South?
Median sale price data is not yet available for one or both neighborhoods. Contact Milton for a current market analysis.
Which has better transit, Melrose or Prospect Park South?
Transit data is not available for these neighborhoods. Check the MTA website for current service maps.
Which is better for families, Melrose or Prospect Park South?
This depends on what type of home fits your household. Melrose and Prospect Park South both offer a mix of apartment and multi-room units in co-ops, condos, and townhouses. Larger 3- and 4-bedroom units, including townhouses and multi-family properties, tend to be more available in lower-density areas. Reviewing active listings filtered by bedroom count is the most reliable way to see what each neighborhood currently offers for larger households. A licensed broker can pull current inventory by bedroom count across both areas for a direct comparison.
Should I buy in Melrose or Prospect Park South?
The right neighborhood depends on your price range, commute needs, and preferred property type. A comparative market analysis (CMA) of recent sales in both Melrose and Prospect Park South gives you the clearest picture of what your budget gets in each location. Request a free CMA from Milton Coste to get a side-by-side breakdown of current opportunities.

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Need Help Choosing?

With 25+ years of experience across all five boroughs, I can help you find the right neighborhood for your lifestyle and budget.

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