Milton Coste

Licensed Real Estate Associate Broker

(917) 416-7433

NYC Neighborhood Comparison

Gramercy vs Long Island City

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

Manhattan|Queens

Gramercy

Manhattan

Long Island City

Queens

Median Sale Price
$1.2M
$1.0M
Median Rent
$5K
$4K
Active Listings
138
243
Avg Days on Market
70 days
3 days
YoY Price Change
+4.1%
+8.0%
Monthly Sales Volume
50
11

Detailed Comparison

MetricGramercyLong Island City
Median Sale Price$1,185,000$1,048,000
Median Condo Price$1,485,000$1,048,000
Median Co-op Price$825,000N/A
Median Rent$4,500$4,351.5
Active Listings138243
Rental Inventory248956
Days on Market703
Price Cut Share10.5%5.3%
Monthly Sales Volume5011
YoY Price Change+4.1%+8.0%
YoY Rent Change+4.7%+1.0%
YoY Inventory Change-5.6%+48.2%
Subway LinesN/A7 E G M N R W

Neighborhood Profiles

Gramercy

Gramercy is centered on its landmark private park, a 2-acre gated green space surrounded by Italianate, Gothic Revival, and Beaux-Arts brownstones and townhouses that have retained their architectural character since the 19th century. The Gramercy Park Historic District preserves blocks of ornate red-brick townhouses, limestone mansions, and pre-war co-op buildings. The 6 train at 23rd Street is the nearest subway, with the 4, 5, N, Q, R, W, and L lines accessible at nearby 14th Street-Union Square.

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Long Island City

Long Island City sits directly across the East River from Midtown Manhattan, reachable in one stop on the 7 train. LIC has added more than 12,000 residential units since 2015, transforming former industrial blocks into a corridor of glass-tower condos, converted loft co-ops, and rental high-rises along the waterfront. Gantry Plaza State Park, MoMA PS1, and the Hunters Point Library anchor the neighborhood’s cultural identity. Median condo prices run roughly 30-40% below comparable Manhattan waterfront units, drawing both first-time buyers and investors looking for appreciation in one of the city’s highest-growth zip codes.

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Transit Access

Gramercy

No subway data available

Long Island City

7EGMNRW

Hunters Point Av (7) — 0.2 mi

Court Sq (7 E G M) — 0.2 mi

Long Island City (E G M R) — 0.6 mi

Queensboro Plaza (7 N W) — 0.6 mi

Active Listings

Gramercy for sale

View all Gramercy listings

Long Island City for sale

View all Long Island City listings

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Need Help Choosing?

With 25+ years of experience across all five boroughs, I can help you find the right neighborhood for your lifestyle and budget.

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