Monthly Rent Report
Gramercy Park Rent Report — August 2023
Asking rents in ZIP 10010, New York City, from 393 listings.
Median 1BR rent in Gramercy Park was $3,895 in August 2023, down 8.4% (−$355) from July 2023 and down 7.3% year-over-year. The middle half of 1BR listings asked between $3,895 and $3,895. That puts Gramercy Park $1,545 above the New York City citywide 1BR median of $2,350. The month's figures are based on 393 listings across 18 bedroom categories.
Median Rent by Bedroom Count
| Bedrooms | Median | Vs. July 2023 | Vs. August 2022 | P25–P75 Range | Listings |
|---|---|---|---|---|---|
| Studio | $3,150 | −$445 (-12.4%) | −$426 (-11.9%) | $3,150 – $3,150 | 1 |
| Studio | $2,693 | −$902 (-25.1%) | −$883 (-24.7%) | $2,471 – $2,890 | 4 |
| Studio | $3,175 | −$420 (-11.7%) | −$401 (-11.2%) | $2,925 – $3,494 | 10 |
| 1BR | $3,895 | −$355 (-8.4%) | −$305 (-7.3%) | $3,895 – $3,895 | 1 |
| 1BR | $4,500 | +$250 (+5.9%) | +$300 (+7.1%) | $3,700 – $5,646 | 173 |
| 1BR | $4,225 | −$25 (-0.6%) | +$25 (+0.6%) | $4,019 – $4,698 | 6 |
| 2BR | $8,755 | +$145 (+1.7%) | +$745 (+9.3%) | $8,755 – $8,755 | 1 |
| 2BR | $3,695 | −$4,915 (-57.1%) | −$4,315 (-53.9%) | $3,695 – $3,695 | 1 |
| 2BR | $5,995 | −$2,615 (-30.4%) | −$2,015 (-25.2%) | $4,998 – $9,303 | 123 |
| 3BR | $7,705 | +$1,135 (+17.3%) | +$981 (+14.6%) | $6,995 – $11,750 | 41 |
| 3BR | $10,375 | +$3,805 (+57.9%) | +$3,651 (+54.3%) | $9,563 – $11,188 | 2 |
| 3BR | $7,135 | +$565 (+8.6%) | +$411 (+6.1%) | $6,300 – $8,105 | 5 |
| 4BR | $9,500 | +$1,000 (+11.8%) | +$1,350 (+16.6%) | $9,500 – $9,500 | 1 |
| 4BR | $8,995 | +$495 (+5.8%) | +$845 (+10.4%) | $8,000 – $15,535 | 11 |
| 4BR | $12,448 | +$3,948 (+46.4%) | +$4,298 (+52.7%) | $10,721 – $14,174 | 2 |
Median, P25, and P75 are asking rents from listings posted in August 2023. Changes compare against the nearest prior month with data.
Gramercy Park vs. New York City — August 2023
| Bedrooms | Gramercy Park Median | NYC Citywide Median | Difference |
|---|---|---|---|
| Studio | $3,150 | $2,490 | +$660 (+26.5%) |
| Studio | $2,693 | $2,490 | +$203 (+8.1%) |
| Studio | $3,175 | $2,490 | +$685 (+27.5%) |
| 1BR | $3,895 | $2,350 | +$1,545 (+65.7%) |
| 1BR | $4,500 | $2,350 | +$2,150 (+91.5%) |
| 1BR | $4,225 | $2,350 | +$1,875 (+79.8%) |
| 2BR | $8,755 | $2,859 | +$5,896 (+206.2%) |
| 2BR | $3,695 | $2,859 | +$836 (+29.2%) |
| 2BR | $5,995 | $2,859 | +$3,136 (+109.7%) |
| 3BR | $7,705 | $3,413 | +$4,293 (+125.8%) |
| 3BR | $10,375 | $3,413 | +$6,963 (+204.0%) |
| 3BR | $7,135 | $3,413 | +$3,723 (+109.1%) |
| 4BR | $9,500 | $4,200 | +$5,300 (+126.2%) |
| 4BR | $8,995 | $4,200 | +$4,795 (+114.2%) |
| 4BR | $12,448 | $4,200 | +$8,248 (+196.4%) |
Citywide figure is the median of zip-level medians across 175 New York City zip codes with listings in August 2023.