Milton Coste

Licensed Real Estate Associate Broker

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NYC Neighborhood Comparison

Gramercy Park vs Roosevelt Island

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

Manhattan|Manhattan

Gramercy Park

Manhattan

Roosevelt Island

Manhattan

How They Compare

For buyers focused on affordability, Roosevelt Island has the lower median sale price at $965K vs $1.2M in Gramercy Park.

Investors analyzing rental yield will find Roosevelt Island offers a stronger rent-to-price ratio based on current market data.

Median Sale Price
$1.2M
$965K
Median Rent
$5K
$4K
Active Listings
221
23
Avg Days on Market
54.5 days
42 days
YoY Price Change
+57.7%
0.0%
Monthly Sales Volume
25
6

Detailed Comparison

MetricGramercy ParkRoosevelt Island
Median Sale Price$1,212,500$965,000
Median Condo Price$1,552,831N/A
Median Co-op Price$677,500$516,984
Median Rent$5,397.5$4,436
Active Listings22123
Rental Inventory22865
Days on Market54.542
Price Cut Share10.4%8.0%
Monthly Sales Volume256
YoY Price Change+57.7%0.0%
YoY Rent Change+14.8%+0.8%
YoY Inventory Change+5.2%-37.8%
Subway LinesN/AN/A

Year-Over-Year Price Movement

Prices in Gramercy Park moved +57.7% over the past year, compared to 0.0% in Roosevelt Island. The +57.7% gain in Gramercy Park reflects stronger buyer demand relative to available inventory in that market.

Neighborhood Profiles

Gramercy Park

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.

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Roosevelt Island

Roosevelt Island is a unique and low-traffic residential community situated in the East River between Manhattan and Queens. Known for its car-free streets, abundant green space, and stunning skyline views, it offers a retreat from the city's bustle. The real estate market is primarily composed of modern high-rise cooperatives and condominiums that provide a high quality of life with easy access to Manhattan via the iconic tram or the F train.

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Transit Access

Gramercy Park

No subway data available

Roosevelt Island

No subway data available

Active Listings

Gramercy Park for sale

View all Gramercy Park listings

Roosevelt Island for sale

View all Roosevelt Island 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 Gramercy Park cheaper than Roosevelt Island?
Roosevelt Island is more affordable, with a median sale price of $965,000 vs $1,212,500 in Gramercy Park. Pricing can vary widely by building, floor, and unit condition, so review current listings for accurate comparisons.
Which has better transit, Gramercy Park or Roosevelt Island?
Transit data is not available for these neighborhoods. Check the MTA website for current service maps.
Which is better for families, Gramercy Park or Roosevelt Island?
This depends on what type of home fits your household. Gramercy Park and Roosevelt Island 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 Gramercy Park or Roosevelt Island?
The right neighborhood depends on your price range, commute needs, and preferred property type. A comparative market analysis (CMA) of recent sales in both Gramercy Park and Roosevelt Island 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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