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25+ years experience · 1,000+ transactions · 5-star reviews
Manhattan
Brooklyn
For buyers focused on affordability, Chinatown has the lower median sale price at $550K vs $1.1M in Red Hook.
Investors analyzing rental yield will find Chinatown offers a stronger rent-to-price ratio based on current market data.
Commuters have more transit options in Chinatown, which is served by 16 subway lines compared to 0 in Red Hook.
| Metric | Chinatown | Red Hook |
|---|---|---|
| Median Sale Price | $550,364 | $1,120,075 |
| Median Condo Price | $550,364 | N/A |
| Median Co-op Price | N/A | $177,249 |
| Median Rent | $4,195 | $4,399.5 |
| Active Listings | 8 | 15 |
| Rental Inventory | 36 | 22 |
| Days on Market | 0 | 1303 |
| Price Cut Share | 13.3% | 10.0% |
| Monthly Sales Volume | 1 | 1 |
| YoY Price Change | 0.0% | 0.0% |
| YoY Rent Change | +19.9% | +32.3% |
| YoY Inventory Change | +14.3% | -21.1% |
| Subway Lines | 1 4 5 6 A B C D E F J N Q R W Z | N/A |
Both Chinatown and Red Hook saw prices shift 0.0% over the past year. Comparable year-over-year movement suggests both markets are tracking similar citywide conditions.
Chinatown occupies a dense section of Lower Manhattan centered on Canal Street, where 10 subway lines converge including the 6, J, N, Q, R, W, and Z trains, making it one of the most transit-rich neighborhoods below 14th Street. The housing stock consists primarily of prewar walk-up buildings alongside newer condominium developments and the 44-story Confucius Plaza residential tower. Columbus Park, one of the city's earliest public parks, and the 7.8-acre Sara D. Roosevelt Park provide open green space along the neighborhood's edges.
View Full Market ReportRed Hook is a waterfront neighborhood defined by cobblestone lanes, repurposed brick warehouses, and low-rise residential buildings on a peninsula jutting into Upper New York Bay. No subway runs directly through the neighborhood; NYC Ferry's South Brooklyn route and the B61 bus provide primary transit connections to Downtown Brooklyn and Manhattan. Valentino Pier Park and the 58-acre Red Hook Recreation Area offer harbor-front green space, while the working cruise terminal at Pier 12 maintains the area's maritime heritage.
View Full Market ReportGrand St (B D) — 0.2 mi
Canal St (1 6 A C E J N Q R W Z) — 0.3 mi
Bowery (J Z) — 0.3 mi
East Broadway (F) — 0.4 mi
Brooklyn Bridge-City Hall (4 5 6) — 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 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.
