Manhattan
Queens
| Metric | Gramercy | Rego Park |
|---|---|---|
| Median Sale Price | $1,185,000 | $377,208 |
| Median Condo Price | $1,485,000 | $479,755 |
| Median Co-op Price | $825,000 | $295,000 |
| Median Rent | $4,500 | $3,081 |
| Active Listings | 138 | 147 |
| Rental Inventory | 248 | 150 |
| Days on Market | 70 | 69 |
| Price Cut Share | 10.5% | 10.2% |
| Monthly Sales Volume | 50 | 21 |
| YoY Price Change | +4.1% | -0.7% |
| YoY Rent Change | +4.7% | +12.0% |
| YoY Inventory Change | -5.6% | +24.6% |
| Subway Lines | N/A | N/A |
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.
View Full Market ReportRego Park is a highly convenient and residential Queens neighborhood known for its exceptional shopping and varied housing options. Home to major retail centers like Rego Center, the area offers a practical and comfortable urban lifestyle. The real estate market is characterized by a mix of spacious pre-war cooperatives, traditional multi-family houses, and modern high-rise condominiums that provide excellent value and a quick commute to Manhattan.
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