Brooklyn
Bronx
| Metric | Bay Ridge | Melrose |
|---|---|---|
| Median Sale Price | $580,000 | $0 |
| Median Condo Price | $253,500 | N/A |
| Median Co-op Price | $360,000 | N/A |
| Median Rent | $2,500 | $2,322.5 |
| Active Listings | 197 | 4 |
| Rental Inventory | 179 | 7 |
| Days on Market | 103.5 | 0 |
| Price Cut Share | 11.7% | 0.0% |
| Monthly Sales Volume | 23 | 4 |
| YoY Price Change | +4.2% | 0.0% |
| YoY Rent Change | +6.4% | 0.0% |
| YoY Inventory Change | +10.1% | -20.0% |
| Subway Lines | N/A | N/A |
Bay Ridge is a historic neighborhood in Southwest Brooklyn, known for its stunning views of the Verrazzano-Narrows Bridge and the New York Harbor. The area offers a vibrant lifestyle with the bustling commercial corridors of 3rd and 5th Avenues. The real estate market is a sophisticated blend of grand historic row houses, elegant pre-war cooperatives, and modern condominiums, all within a neighborhood famous for its parks and waterfront promenade.
View Full Market ReportMelrose 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. Mary's Park provides 35 acres of green space on the neighborhood's edge.
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