Schedule with Milton
Licensed Real Estate Associate Broker
Regarding Property
You're Confirmed!
Milton will reach out within 24 hours to finalize your appointment.
25+ years experience · 1,000+ transactions · 5-star reviews
Bronx · New York, NY
2 active listings · Median $999K
Calculating market narrative...
A condo-dominant submarket with softening rents, rising sale prices, and sale listings sitting longer than a year ago.
Median asking rent in Melrose is $2,250/month, $850 below the 5-year high set in May 2023. Rents are down -4.3% year over year and +21.6% over the past 5 years. Median sale price stands at $999K, 30.5% below the 5-year high recorded in Nov 2023. Sale prices are up +8.6% year over year. Sale listings are clearing 53 days slower than at this point last year.
Across NYC, the FARE Act has tightened agent-listed rental supply since August 2024 by shifting the broker fee to landlords who engage a broker. Roughly 35 to 40% of NYC lease signings occur between mid-June and August 15.
Source: StreetEasy market data, through Jun 2026.
Melrose features 19th-century brownstones, neo-Renaissance apartment houses, and modern LEED-certified developments like Via Verde, all anchored by the commercial corridors along Third Avenue and Melrose Avenue. The 2 and 5 trains stop at East 149th Street, the 4 train serves nearby stations, and St...
In my 25+ years selling real estate across New York City, I use this Melrose data in real negotiations, not just for a web page.
| Borough | Bronx |
| Zip Code | 10455 |
| Subway | Bus service |
| Building Types | Townhouses/Brownstones |
Stations: Bus service available
Midtown: 34 min (3 express from 145 St)
Live data from REBNY/RLS. Updated every 15 minutes.
Median closed sale price by month
Loading chart data...
Calculating market narrative...
| Inventory & Activity | |
| Active Listings | 5 |
| Pending Sales | 1 |
| New This Week | 0 |
| New This Month | 1 |
| Avg DOM | 86 days |
| Price Cut Rate | 20.0% |
| Recent Sales | |
| Sold Last 30 Days | 0 |
| Sold Last 90 Days | 0 |
| Sale-to-List | -- |
| Asking Prices | |
| Median Asking | $999,000 |
| Average Asking | $152,500 |
| Median $/SqFt | -- |
| Median Condo | $285,000 |
| Median Co-op | $40,000 |
Based on active listings in Melrose
| Type | Active Listings | Median Price | Price Range |
|---|---|---|---|
| Studio | 0 | -- | -- |
| 1 Bedroom | 1 | $115,000 | $115K - $115K |
| 2 Bedrooms | 0 | -- | -- |
| 3+ Bedrooms | 1 | $190,000 | $190K - $190K |
View active listings by size:
Properties in Melrose
REBNY/RLS Disclaimer: 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.
Experience across NYC
Transactions closed
Active in Bronx
Milton Coste is a Licensed Real Estate Associate Broker with Keller Williams NYC. His work covers all five boroughs, with deep experience in co-op boards, condo offerings, townhouse sales, and rental transactions. For Melrose buyers and sellers, that track record means a broker who has negotiated every type of deal this market produces.
"Milton made the entire buying process seamless. His knowledge of the local market and negotiation skills saved us thousands. Highly recommend for anyone looking in Upper Manhattan."
"We sold our co-op in record time thanks to Milton's marketing strategy. Professional photography, virtual tour, and targeted digital ads brought multiple offers within the first week."
On a $1M NYC purchase: co-ops run $20K-$30K, condos $38K-$42K, new dev $60K+. See every fee, who pays, and 5 ways to cut your bill.
Co-ops make up nearly 70% of NYC housing stock but require board approval. Condos cost more but offer flexibility. Here's how to decide.
Pre-approval gives you a 20-30% edge in NYC bidding wars. Here's what lenders need and how to set your budget ceiling.
Roughly 1 in 8 co-op board applications gets rejected. Here's how to prepare your package and ace the interview.
No new sale listings in the last 7 days.
Get new Melrose listings by email
A short weekly note when sale listings reach the Melrose market. No spam, unsubscribe anytime.
The median sale price in Melrose is $999K. Condos sit at a median of $285K and co-ops at $40K. Sale prices are up 8.6% year over year.
No. The median sale price in Melrose is currently 30.5% below the 5-year high recorded in November 2023. That gap can favor buyers searching for value relative to the neighborhood's past peak.
Sale listings in Melrose have a median of 86 days on market. That is 53 days slower than the same point a year ago. Roughly 20.0% of active listings have recorded a price cut, suggesting some negotiating room.
Melrose is broadly balanced right now, with median days on market at 86 days and 20.0% of active listings carrying a price cut. Pricing depends heavily on the specific building and unit.
Melrose offers both co-ops and condos. Condos are the higher-priced segment at a $285K median, with co-ops at $40K.
Roughly 1 homes change hands each month in Melrose across condos, co-ops, and townhouses, based on recorded closed sales. That benchmark helps gauge how quickly the market is absorbing new inventory.
The overall median asking rent in Melrose is $2,250/month. Rents are down 4.3% year over year.
Median asking rent in Melrose is currently $850 below the 5-year high set in May 2023. Tenants may find slightly more value than at peak, though the gap can close quickly during peak leasing season.
Median asking rent in Melrose has risen 21.6% over the past 5 years. That puts the neighborhood in context with longer-term NYC rent dynamics rather than just one-year noise.
Within walking or short-transit distance of Melrose, median sale prices range across Longwood at $1.2M, Mott Haven at $900K, Port Morris at $549K, Morrisania at $182K. Each has different building stock, co-op vs condo mix, and transit access, so the right comparison depends on the buyer's priorities.
Melrose is served by the Bus service. The commute to Midtown Manhattan runs roughly 34 minutes from 145 St.
Under the FARE Act in effect since August 2024, NYC landlords who engage a broker pay the broker fee directly rather than passing it to tenants. In neighborhoods like Melrose, this has shifted some smaller landlords toward self-listing, which has tightened the supply of agent-listed rentals citywide and lifted competition for what remains on market.
Milton Coste is a Licensed Real Estate Associate Broker with Keller Williams New York City. He has 25+ years of experience across all five boroughs, with deep transaction history in co-op board packages, condo offerings, townhouse sales, and rentals. Direct: (917) 416-7433. Email: milton@miltoncoste.com.
Find your next home with expert guidance on pricing, board packages, and negotiations.
Learn moreGet top dollar with professional marketing, pricing strategy, and local market expertise.
Learn moreWhether renting or leasing out, get the best terms with full-service representation.
Learn more
Licensed Real Estate Associate Broker
Keller Williams NYC · NY #10301213304
25+ years of experience and over 2,000 transactions closed across NYC. Whether you are buying, selling, or leasing in Melrose, I will guide you every step of the way.
Hablo Español
