Manhattan
Brooklyn
For buyers focused on affordability, Red Hook has the lower median sale price at $985K vs $1.6M in Midtown.
Investors analyzing rental yield will find Red Hook offers a stronger rent-to-price ratio based on current market data.
Commuters have more transit options in Midtown, which is served by 19 subway lines compared to 0 in Red Hook.
| Metric | Midtown | Red Hook |
|---|---|---|
| Median Sale Price | $1,550,000 | $985,000 |
| Median Condo Price | $2,500,000 | N/A |
| Median Co-op Price | $350,000 | N/A |
| Median Rent | $5,900 | $4,495 |
| Active Listings | 410 | 14 |
| Rental Inventory | 362 | 23 |
| Days on Market | 168.5 | 151 |
| Price Cut Share | 8.8% | 7.1% |
| Monthly Sales Volume | 18 | 2 |
| YoY Price Change | -35.7% | N/A |
| YoY Rent Change | +9.3% | 0.0% |
| YoY Inventory Change | +0.5% | -36.4% |
| Subway Lines | 1 2 3 4 5 6 7 A B C D E F M N Q R S W | N/A |
Midtown Manhattan is the city's primary commercial and transit hub, home to Grand Central Terminal, Rockefeller Center, Bryant Park, and the Empire State Building. The residential market features luxury condo towers, classic pre-war cooperatives, and postwar doorman buildings served by nearly every subway line in the system. Properties range from high-floor units with skyline panoramas to well-maintained co-ops along the tree-lined side streets east and west of Fifth Avenue.
View Full Market ReportRed Hook is a waterfront neighborhood defined by cobblestone lanes, repurposed brick warehouses, and low-rise residential buildings on a peninsula jutting into Upper New York Bay. No subway runs directly through the neighborhood; NYC Ferry's South Brooklyn route and the B61 bus provide primary transit connections to Downtown Brooklyn and Manhattan. Valentino Pier Park and the 58-acre Red Hook Recreation Area offer harbor-front green space, while the working cruise terminal at Pier 12 maintains the area's maritime heritage.
View Full Market ReportTimes Sq-42 St (1 2 3 7 N Q R S W) — 0.2 mi
42 St-Port Authority (A C E) — 0.4 mi
Grand Central-42 St (4 5 6 7 S) — 0.4 mi
34 St-Herald Sq (B D F M N Q R W) — 0.4 mi
34 St-Penn Station (1 2 3 A C E) — 0.5 mi
No subway data available
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.
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. Midtown and Red Hook both tracked this broader NYC arc, with annual closing volume contracting sharply in 2009 and again in Q2 2020 before normalizing.
Midtown tracked the more resilient Manhattan price path with a 10% to 15% peak-to-trough decline, while Red Hook 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) | Midtown | Red Hook |
|---|---|---|
| Median Sale Price | $1,550,000 | $985,000 |
| Median Rent | $5,900/mo | $4,495/mo |
| Year-over-Year Price Change | -35.7% | N/A |
| Average Days on Market | 168.5 days | 151 days |
| Distance to Nearest Subway | 0.18 mi | N/A |
Table values reflect current 2026 market conditions. Historical 2008-2020 commentary is sourced from Case-Shiller NYC metro composite and StreetEasy historical series.
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Data updated:
