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NYC Neighborhood Comparison
Manhattan
Manhattan
For buyers focused on affordability, Washington Heights has the lower median sale price at $450K vs $730K in Gramercy Park.
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 Washington Heights, which is served by 3 subway lines compared to 0 in Gramercy Park.
| Metric | Gramercy Park | Washington Heights |
|---|---|---|
| Median Sale Price | $730,000 | $450,000 |
| Median Condo Price | $1,480,000 | $625,000 |
| Median Co-op Price | $650,000 | $450,000 |
| Median Rent | $5,350 | $3,000 |
| Active Listings | 230 | 225 |
| Rental Inventory | 267 | 416 |
| Days on Market | 65 | 64.5 |
| Price Cut Share | 14.8% | 17.3% |
| Monthly Sales Volume | 21 | 16 |
| YoY Price Change | -21.5% | -16.7% |
| YoY Rent Change | +1.0% | +1.7% |
| YoY Inventory Change | +6.0% | +5.6% |
| Subway Lines | N/A | 1 A C |
Prices in Gramercy Park moved -21.5% over the past year, compared to -16.7% in Washington Heights. Both markets have seen price softening, with Gramercy Park declining more sharply over the measured period.
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 ReportWashington Heights is a well-connected neighborhood known for its dramatic topography and stunning views of the Hudson River and the George Washington Bridge. Home to the Cloisters and Fort Tryon Park, the area offers a unique blend of history and natural beauty. The real estate market is characterized by large, pre-war cooperatives that offer significant space for the price, making it a popular choice for those seeking value and community.
View Full Market ReportNo subway data available
181 St (1 A) — 0.4 mi
175 St (A) — 0.4 mi
168 St (1 A C) — 0.5 mi
163 St-Amsterdam Av (C) — 0.7 mi
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 is refreshed every 15 minutes per REBNY IDX requirements.
From the 2008 financial crisis through the 2020 pandemic, the NYC metro Case-Shiller composite fell about 25% peak-to-trough between 2007 and 2012, then fully recovered by 2017 and gained another 15% through Q1 2020. Gramercy Park and Washington Heights both tracked this broader NYC arc, with annual closing volume contracting sharply in 2009 and again in Q2 2020 before normalizing.
Manhattan core neighborhoods such as Gramercy Park and Washington Heights showed shallower price drawdowns than the metro composite. Co-op resale prices in established Manhattan submarkets typically retraced 10% to 15% from 2008 peaks, versus the wider 25% NYC metro decline, reflecting deeper buyer pools and tighter post-2010 inventory.
Source: Per Case-Shiller Home Price Index, NYC metro subset, 2008-2020, cross-referenced with StreetEasy historical price data series.
| Metric (2026) | Gramercy Park | Washington Heights |
|---|---|---|
| Median Sale Price | $730,000 | $450,000 |
| Median Rent | $5,350/mo | $3,000/mo |
| Year-over-Year Price Change | -21.5% | -16.7% |
| Average Days on Market | 65 days | 64.5 days |
| Distance to Nearest Subway | N/A | 0.36 mi |
Table values reflect current 2026 market conditions. Historical 2008-2020 commentary is sourced from Case-Shiller NYC metro composite and StreetEasy historical series.
With 25+ years of experience across all five boroughs, I can help you find the right neighborhood for your lifestyle and budget.
Data updated:
