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NYC Neighborhood Comparison
Bronx
Brooklyn
For buyers focused on affordability, Mill Basin has the lower median sale price at $960K vs $999K in Melrose.
| Metric | Melrose | Mill Basin |
|---|---|---|
| Median Sale Price | $999,000 | $960,000 |
| Median Condo Price | $285,000 | N/A |
| Median Co-op Price | $40,000 | N/A |
| Median Rent | $2,250 | $2,100 |
| Active Listings | 5 | 53 |
| Rental Inventory | 14 | 1 |
| Days on Market | 86 | 127.5 |
| Price Cut Share | 20.0% | 11.3% |
| Monthly Sales Volume | 1 | 6 |
| YoY Price Change | +8.6% | -28.9% |
| YoY Rent Change | -4.3% | +5.0% |
| YoY Inventory Change | -16.7% | +71.0% |
| Subway Lines | N/A | N/A |
Prices in Melrose moved +8.6% over the past year, compared to -28.9% in Mill Basin. Melrose is seeing price appreciation while Mill Basin has softened, pointing to different supply-demand dynamics in each market.
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.
View Full Market ReportMill Basin is a waterfront neighborhood in southeastern Brooklyn defined by detached single-family brick houses, many with private docks and direct access to Jamaica Bay. The housing stock ranges from mid-century brick bungalows to large custom-built homes on generous 50-by-100-foot lots. Marine Park offers 798 acres of trails and athletic fields nearby.
View Full Market ReportNo subway data available
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. Melrose and Mill Basin both tracked this broader NYC arc, with annual closing volume contracting sharply in 2009 and again in Q2 2020 before normalizing.
Outer-borough submarkets including Melrose and Mill Basin generally tracked the broader NYC metro pattern of a 20% to 25% peak-to-trough decline before fully recovering by 2017 and posting further gains through early 2020.
Source: Per Case-Shiller Home Price Index, NYC metro subset, 2008-2020, cross-referenced with StreetEasy historical price data series.
| Metric (2026) | Melrose | Mill Basin |
|---|---|---|
| Median Sale Price | $999,000 | $960,000 |
| Median Rent | $2,250/mo | $2,100/mo |
| Year-over-Year Price Change | +8.6% | -28.9% |
| Average Days on Market | 86 days | 127.5 days |
| Distance to Nearest Subway | N/A | 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.
With 25+ years of experience across all five boroughs, I can help you find the right neighborhood for your lifestyle and budget.
Data updated:
