Milton Coste

Licensed Real Estate Associate Broker

(917) 416-7433

NYC Neighborhood Comparison

Long Island City vs Melrose

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

Queens|Bronx

Long Island City

Queens

Melrose

Bronx

Median Sale Price
$1.0M
$0
Median Rent
$4K
$2K
Active Listings
243
4
Avg Days on Market
3 days
0 days
YoY Price Change
+8.0%
0.0%
Monthly Sales Volume
11
4

Detailed Comparison

MetricLong Island CityMelrose
Median Sale Price$1,048,000$0
Median Condo Price$1,048,000N/A
Median Co-op PriceN/AN/A
Median Rent$4,351.5$2,322.5
Active Listings2434
Rental Inventory9567
Days on Market30
Price Cut Share5.3%0.0%
Monthly Sales Volume114
YoY Price Change+8.0%0.0%
YoY Rent Change+1.0%0.0%
YoY Inventory Change+48.2%-20.0%
Subway Lines7 E G M N R WN/A

Neighborhood Profiles

Long Island City

Long Island City (LIC) is one of New York’s fastest-growing residential neighborhoods, offering a modern urban lifestyle just one stop from Manhattan. Famous for its stunning waterfront parks and the iconic Pepsi-Cola sign, LIC is a hub for contemporary art and luxury living. The real estate market is dominated by sleek, new construction glass towers that offer world-class amenities and breathtaking, unobstructed views of the Manhattan skyline.

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Melrose

Melrose features 19th-century brownstones, neo-Renaissance apartment houses, and modern LEED-certified developments like Via Verde, all anchored by the commercial corridors along Third Avenue and Melrose Avenue. The 2 and 5 trains stop at East 149th Street, the 4 train serves nearby stations, and St. Mary's Park provides 35 acres of green space on the neighborhood's edge.

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Transit Access

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

Melrose

No subway data available

Active Listings

Long Island City for sale

View all Long Island City listings

Melrose for sale

View all Melrose listings

More Comparisons

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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