Milton Coste

Licensed Real Estate Associate Broker

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NYC Neighborhood Comparison

Gramercy Park vs Soho

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

Manhattan|Manhattan

Gramercy Park

Manhattan

Soho

Manhattan

How They Compare

For buyers focused on affordability, Gramercy Park has the lower median sale price at $1.2M vs $3.8M in Soho.

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

Commuters have more transit options in Soho, which is served by 11 subway lines compared to 0 in Gramercy Park.

Median Sale Price
$1.2M
$3.8M
Median Rent
$5K
$8K
Active Listings
221
145
Avg Days on Market
54.5 days
72 days
YoY Price Change
+57.7%
+25.5%
Monthly Sales Volume
25
12

Detailed Comparison

MetricGramercy ParkSoho
Median Sale Price$1,212,500$3,805,000
Median Condo Price$1,552,831$3,049,999.5
Median Co-op Price$677,500$3,675,000
Median Rent$5,397.5$8,495
Active Listings221145
Rental Inventory228147
Days on Market54.572
Price Cut Share10.4%12.4%
Monthly Sales Volume2512
YoY Price Change+57.7%+25.5%
YoY Rent Change+14.8%+14.0%
YoY Inventory Change+5.2%+0.7%
Subway LinesN/A1 6 A C E J N Q R W Z

Year-Over-Year Price Movement

Prices in Gramercy Park moved +57.7% over the past year, compared to +25.5% in Soho. 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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Soho

SoHo contains the world's largest concentration of cast-iron architecture, with approximately 250 landmarked buildings within the SoHo-Cast Iron Historic District. The housing stock centers on spacious loft conversions with high ceilings and oversized windows, alongside luxury condominiums and pre-war walk-ups, served by the C, E, N, Q, R, W, 1, 4, and 6 trains. The cobblestone streets and commercial corridors along Broadway, West Broadway, and Prince Street define one of Manhattan's most architecturally distinctive neighborhoods.

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Transit Access

Gramercy Park

No subway data available

Soho

16ACEJNQRWZ

Canal St (1 6 A C E J N Q R W Z) — 0.1 mi

Spring St (6 C E) — 0.2 mi

Prince St (N R W) — 0.3 mi

Franklin St (1) — 0.3 mi

Bowery (J Z) — 0.5 mi

Active Listings

Gramercy Park for sale

View all Gramercy Park listings

Soho for sale

View all Soho 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 Soho?
Yes, Gramercy Park has a lower median sale price at $1,212,500 compared to $3,805,000 in Soho as of the most recent market data. Co-op and condo prices within each neighborhood can vary significantly, so the right fit depends on property type and building.
Which has better transit, Gramercy Park or Soho?
Gramercy Park has access to 0 subway lines and Soho has 11, making Soho the stronger option for transit access. Gramercy Park has 0 lines, which may still cover your commute depending on your destination.
Which is better for families, Gramercy Park or Soho?
This depends on what type of home fits your household. Gramercy Park and Soho 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 Soho?
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 Soho 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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