Milton Coste

Licensed Real Estate Associate Broker

(917) 416-7433

NYC Neighborhood Comparison

Melrose vs Chelsea

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

Bronx|Manhattan

Melrose

Bronx

Chelsea

Manhattan

Median Sale Price
$0
$1.3M
Median Rent
$2K
$6K
Active Listings
4
394
Avg Days on Market
0 days
107 days
YoY Price Change
0.0%
-27.1%
Monthly Sales Volume
4
26

Detailed Comparison

MetricMelroseChelsea
Median Sale Price$0$1,305,000
Median Condo PriceN/A$2,087,000
Median Co-op PriceN/A$697,586
Median Rent$2,322.5$5,500
Active Listings4394
Rental Inventory7653
Days on Market0107
Price Cut Share0.0%12.9%
Monthly Sales Volume426
YoY Price Change0.0%-27.1%
YoY Rent Change0.0%+1.9%
YoY Inventory Change-20.0%+5.6%
Subway LinesN/A1 2 3 A B C D E F M N Q R W

Neighborhood Profiles

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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Chelsea

Chelsea is the epicenter of New York’s contemporary art world and a hub for innovative architecture. Home to the High Line and Chelsea Market, the neighborhood seamlessly blends industrial history with modern luxury. The real estate market here is dominated by high-end condominium developments designed by world-renowned architects, alongside charming pre-war lofts and historic townhouses in the Chelsea Historic District.

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Transit Access

Melrose

No subway data available

Chelsea

123ABCDEFMNQRW

34 St-Penn Station (1 2 3 A C E) — 0.6 mi

34 St-Herald Sq (B D F M N Q R W) — 0.7 mi

Active Listings

Melrose for sale

View all Melrose listings

Chelsea for sale

View all Chelsea 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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