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NYC Neighborhood Comparison
Side-by-side market data, transit, and neighborhood profiles to help you decide.
Manhattan
Brooklyn
For buyers focused on affordability, Red Hook has the lower median sale price at $1.1M vs $1.2M in Gramercy Park.
Investors analyzing rental yield will find Gramercy Park offers a stronger rent-to-price ratio based on current market data.
| Metric | Gramercy Park | Red Hook |
|---|---|---|
| Median Sale Price | $1,212,500 | $1,120,075 |
| Median Condo Price | $1,552,831 | N/A |
| Median Co-op Price | $677,500 | $177,249 |
| Median Rent | $5,397.5 | $4,399.5 |
| Active Listings | 221 | 15 |
| Rental Inventory | 228 | 22 |
| Days on Market | 54.5 | 1303 |
| Price Cut Share | 10.4% | 10.0% |
| Monthly Sales Volume | 25 | 1 |
| YoY Price Change | +57.7% | 0.0% |
| YoY Rent Change | +14.8% | +32.3% |
| YoY Inventory Change | +5.2% | -21.1% |
| Subway Lines | N/A | N/A |
Prices in Gramercy Park moved +57.7% over the past year, compared to 0.0% in Red Hook. The +57.7% gain in Gramercy Park reflects stronger buyer demand relative to available inventory in that market.
Gramercy Park is one of New York City’s most storied and architecturally distinctive neighborhoods, centered around the only private park in Manhattan. The area exudes old-world charm with its gas-lit streets and impeccably preserved 19th-century architecture. While the park itself is private, the surrounding real estate offers a mix of historic brownstones, elegant pre-war cooperatives, and boutique new developments that cater to those seeking a low-traffic urban retreat.
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 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 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.
