NYC Neighborhood Comparison
Manhattan
Bronx
For buyers focused on affordability, Gramercy Park has the lower median sale price at $805K vs $826K in Pelham Bay.
Investors analyzing rental yield will find Gramercy Park offers a stronger rent-to-price ratio based on current market data.
| Metric | Gramercy Park | Pelham Bay |
|---|---|---|
| Median Sale Price | $805,000 | $826,200 |
| Median Condo Price | $2,999,000 | $230,000 |
| Median Co-op Price | $710,000 | $280,000 |
| Median Rent | $5,495 | $2,900 |
| Active Listings | 178 | 9 |
| Rental Inventory | 189 | 6 |
| Days on Market | 97 | 271 |
| Price Cut Share | 8.4% | 33.3% |
| Monthly Sales Volume | 17 | 5 |
| YoY Price Change | -35.6% | N/A |
| YoY Rent Change | +5.8% | -9.4% |
| YoY Inventory Change | -25.5% | +50.0% |
| Subway Lines | N/A | N/A |
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 ReportPelham Bay is a Bronx neighborhood of single-family detached homes, two-family brick houses, and co-op apartment buildings near the 2,772-acre Pelham Bay Park, the largest park in New York City. The 6 train terminates at Pelham Bay Park station, providing direct subway access to Manhattan. Orchard Beach, the Bartow-Pell Mansion Museum, and the Pelham Bay/Split Rock Golf Course are all within the park.
View Full Market ReportNo subway data available
No subway data available
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 Pelham Bay both tracked this broader NYC arc, with annual closing volume contracting sharply in 2009 and again in Q2 2020 before normalizing.
Gramercy Park tracked the more resilient Manhattan price path with a 10% to 15% peak-to-trough decline, while Pelham Bay 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) | Gramercy Park | Pelham Bay |
|---|---|---|
| Median Sale Price | $805,000 | $826,200 |
| Median Rent | $5,495/mo | $2,900/mo |
| Year-over-Year Price Change | -35.6% | N/A |
| Average Days on Market | 97 days | 271 days |
| Distance to Nearest Subway | N/A | N/A |
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:
