NYC Neighborhood Comparison

Gramercy Park vs Red Hook

Side-by-side market data, transit, and neighborhood profiles to help you decide.

Manhattan|Brooklyn

Gramercy Park

Manhattan

Red Hook

Brooklyn

Median Sale Price

$900K

$1.1M

Median Rent

$5K

$4K

Active Listings

211

Avg Days on Market

75 days

1303 days

YoY Price Change

-21.9%

0.0%

Monthly Sales Volume

Detailed Comparison

Metric	Gramercy Park	Red Hook
Median Sale Price	$900,000	$1,120,075
Median Condo Price	$1,900,000	N/A
Median Co-op Price	$750,000	$177,249
Median Rent	$5,250	$4,082.5
Active Listings	211	20
Rental Inventory	179	28
Days on Market	75	1303
Price Cut Share	13.7%	9.5%
Monthly Sales Volume	17	2
YoY Price Change	-21.9%	0.0%
YoY Rent Change	+6.1%	+7.5%
YoY Inventory Change	+10.5%	+5.3%
Subway Lines	N/A	N/A

Neighborhood Profiles

Gramercy Park

Gramercy Park is one of New York City’s most storied and picturesque 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 tranquil urban retreat.

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Red Hook

Red Hook is a waterfront neighborhood defined by cobblestone lanes, repurposed brick warehouses, and low-rise residential buildings on a peninsula jutting into Upper New York Bay. No subway runs directly through the neighborhood; NYC Ferry's South Brooklyn route and the B61 bus provide primary transit connections to Downtown Brooklyn and Manhattan. Valentino Pier Park and the 58-acre Red Hook Recreation Area offer harbor-front green space, while the working cruise terminal at Pier 12 maintains the area's maritime heritage.

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