Milton Coste

Licensed Real Estate Associate Broker

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NYC Neighborhood Comparison

Greenwood vs Central Park South

Central Park South vs Greenwood: side-by-side market data, transit, and neighborhood profiles to help you decide.

Brooklyn|Manhattan

Greenwood

Brooklyn

Central Park South

Manhattan

How They Compare

For buyers focused on affordability, Greenwood has the lower median sale price at $1.3M 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 Greenwood.

Median Sale Price
$1.3M
$1.7M
Median Rent
$4K
$13K
Active Listings
71
105
Avg Days on Market
60 days
108 days
YoY Price Change
-0.3%
-24.4%
Monthly Sales Volume
3
1

Detailed Comparison

MetricGreenwoodCentral Park South
Median Sale Price$1,275,000$1,700,000
Median Condo Price$1,275,000$1,700,000
Median Co-op Price$1,310,000$2,800,000
Median Rent$3,825$12,500
Active Listings71105
Rental Inventory16455
Days on Market60108
Price Cut Share8.5%14.3%
Monthly Sales Volume31
YoY Price Change-0.3%-24.4%
YoY Rent Change+4.1%+38.9%
YoY Inventory Change+16.4%+22.1%
Subway LinesN/A1 4 5 6 A B C D E F M N Q R W

Year-Over-Year Price Movement

Prices in Greenwood moved -0.3% over the past year, compared to -24.4% in Central Park South. Both markets have seen price softening, with Central Park South declining more sharply over the measured period.

Neighborhood Profiles

Greenwood

Greenwood is a Brooklyn neighborhood of brick row houses, walk-up apartment buildings, and new condominium developments surrounding the historic 478-acre Green-Wood Cemetery. The R train at 25th Street provides subway service, and the D train at 36th Street is accessible at the southern border. Green-Wood Cemetery, a National Historic Landmark with rolling hills and 19th-century monuments, is the neighborhood's defining landscape feature.

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Central Park South

Central 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.

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Transit Access

Greenwood

No subway data available

Central Park South

1456ABCDEFMNQRW

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

Active Listings

Greenwood for sale

View all Greenwood listings

Central Park South for sale

View all Central Park South listings

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.

Greenwood vs Central Park South: Home Price Resilience 2008-2020

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. Greenwood 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 Greenwood 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)GreenwoodCentral Park South
Median Sale Price$1,275,000$1,700,000
Median Rent$3,825/mo$12,500/mo
Year-over-Year Price Change-0.3%-24.4%
Average Days on Market60 days108 days
Distance to Nearest SubwayN/A0.06 mi

Table values reflect current 2026 market conditions. Historical 2008-2020 commentary is sourced from Case-Shiller NYC metro composite and StreetEasy historical series.

Frequently Asked Questions

Is Greenwood cheaper than Central Park South?
Yes, Greenwood has a lower median sale price at $1,275,000 compared to $1,700,000 in Central Park South as of the most recent market data. Co-op and condo prices within each neighborhood can vary significantly, so the right fit depends on property type and building.
Which has better transit, Greenwood or Central Park South?
Greenwood has access to 0 subway lines and Central Park South has 15, making Central Park South the stronger option for transit access. Greenwood has 0 lines, which may still cover your commute depending on your destination.
Which is better for families, Greenwood or Central Park South?
This depends on what type of home fits your household. Greenwood and Central Park South both offer a mix of apartment and multi-room units in co-ops, condos, and townhouses. Larger 3- and 4-bedroom units, including townhouses and multi-family properties, tend to be more available in lower-density areas. Reviewing active listings filtered by bedroom count is the most reliable way to see what each neighborhood currently offers for larger households. A licensed broker can pull current inventory by bedroom count across both areas for a direct comparison.
Should I buy in Greenwood or Central Park South?
The right neighborhood depends on your price range, commute needs, and preferred property type. A comparative market analysis (CMA) of recent sales in both Greenwood and Central Park South gives you the clearest picture of what your budget gets in each location. Request a free CMA from Milton Coste to get a side-by-side breakdown of current opportunities.

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Data updated:

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