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NYC Neighborhood Comparison
Brooklyn
Manhattan
For buyers focused on affordability, Flatlands has the lower median sale price at $870K vs $1.7M in Central Park South.
Investors analyzing rental yield will find Central Park South offers a stronger rent-to-price ratio based on current market data.
Commuters have more transit options in Central Park South, which is served by 15 subway lines compared to 0 in Flatlands.
| Metric | Flatlands | Central Park South |
|---|---|---|
| Median Sale Price | $870,000 | $1,700,000 |
| Median Condo Price | $405,600 | $1,700,000 |
| Median Co-op Price | $205,000 | $2,800,000 |
| Median Rent | $2,750 | $12,500 |
| Active Listings | 45 | 105 |
| Rental Inventory | 5 | 55 |
| Days on Market | 66.5 | 108 |
| Price Cut Share | 20.0% | 14.3% |
| Monthly Sales Volume | 4 | 1 |
| YoY Price Change | +26.1% | -24.4% |
| YoY Rent Change | -1.8% | +38.9% |
| YoY Inventory Change | +21.6% | +22.1% |
| Subway Lines | N/A | 1 4 5 6 A B C D E F M N Q R W |
Prices in Flatlands moved +26.1% over the past year, compared to -24.4% in Central Park South. Flatlands is seeing price appreciation while Central Park South has softened, pointing to different supply-demand dynamics in each market.
Flatlands is a southeastern Brooklyn neighborhood of single-family detached homes, two-family brick houses, and low-rise apartment buildings on a flat grid of residential streets. The B/Q trains at the Kings Highway and Avenue U stations serve the western portion, and local buses provide additional connections. Floyd Bennett Field, the city's first municipal airport and now a national recreation area, borders the southern edge.
View Full Market ReportCentral Park South is one of the most recognized and sought-after residential stretches in the world. Often associated with 'Billionaires' Row,' the neighborhood offers unparalleled, unobstructed views of Central Park. The real estate market is a mix of legendary pre-war cooperatives, historic hotels-turned-residences, and soaring ultra-luxury glass towers that provide the pinnacle of New York City living and white-glove service.
View Full Market ReportNo subway data available
57 St (F N Q R W) — 0.1 mi
59 St-Columbus Circle (1 A B C D) — 0.3 mi
5 Av/53 St (E M) — 0.4 mi
66 St-Lincoln Center (1) — 0.6 mi
59 St (4 5 6) — 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. Flatlands and Central Park South both tracked this broader NYC arc, with annual closing volume contracting sharply in 2009 and again in Q2 2020 before normalizing.
Central Park South tracked the more resilient Manhattan price path with a 10% to 15% peak-to-trough decline, while Flatlands moved closer to the broader NYC metro pattern of a 20% to 25% retracement before recovering through 2017.
Source: Per Case-Shiller Home Price Index, NYC metro subset, 2008-2020, cross-referenced with StreetEasy historical price data series.
| Metric (2026) | Flatlands | Central Park South |
|---|---|---|
| Median Sale Price | $870,000 | $1,700,000 |
| Median Rent | $2,750/mo | $12,500/mo |
| Year-over-Year Price Change | +26.1% | -24.4% |
| Average Days on Market | 66.5 days | 108 days |
| Distance to Nearest Subway | N/A | 0.06 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: