Monthly Rent Report
Gravesend Rent Report — August 2023
Asking rents in ZIP 11223, New York City, from 64 listings.
Median 1BR rent in Gravesend was $1,750 in August 2023, down 28.0% (−$680) from July 2023 and up 2.2% year-over-year. The middle half of 1BR listings asked between $1,750 and $1,750. That puts Gravesend $600 below the New York City citywide 1BR median of $2,350. The month's figures are based on 64 listings across 8 bedroom categories.
Median Rent by Bedroom Count
| Bedrooms | Median | Vs. July 2023 | Vs. August 2022 | P25–P75 Range | Listings |
|---|---|---|---|---|---|
| Studio | $6,250 | +$1,750 (+38.9%) | +$4,625 (+284.6%) | $4,500 – $8,500 | 4 |
| Studio | $4,500 | $0 (0.0%) | +$2,875 (+176.9%) | $4,500 – $8,000 | 21 |
| 1BR | $1,750 | −$680 (-28.0%) | +$38 (+2.2%) | $1,750 – $1,750 | 1 |
| 1BR | $3,059 | +$629 (+25.9%) | +$1,347 (+78.6%) | $1,925 – $3,059 | 11 |
| 2BR | $5,800 | +$2,850 (+96.6%) | +$3,650 (+169.8%) | $5,800 – $5,800 | 8 |
| 2BR | $5,800 | +$2,850 (+96.6%) | +$3,650 (+169.8%) | $5,800 – $5,800 | 2 |
| 3BR | $2,475 | −$25 (-1.0%) | +$325 (+15.1%) | $2,300 – $3,000 | 8 |
| 3BR | $2,650 | +$150 (+6.0%) | +$500 (+23.3%) | $2,300 – $3,000 | 9 |
Median, P25, and P75 are asking rents from listings posted in August 2023. Changes compare against the nearest prior month with data.
Gravesend vs. New York City — August 2023
| Bedrooms | Gravesend Median | NYC Citywide Median | Difference |
|---|---|---|---|
| Studio | $6,250 | $2,490 | +$3,760 (+151.0%) |
| Studio | $4,500 | $2,490 | +$2,010 (+80.7%) |
| 1BR | $1,750 | $2,350 | −$600 (-25.5%) |
| 1BR | $3,059 | $2,350 | +$709 (+30.2%) |
| 2BR | $5,800 | $2,859 | +$2,941 (+102.9%) |
| 2BR | $5,800 | $2,859 | +$2,941 (+102.9%) |
| 3BR | $2,475 | $3,413 | −$937 (-27.5%) |
| 3BR | $2,650 | $3,413 | −$762 (-22.3%) |
Citywide figure is the median of zip-level medians across 175 New York City zip codes with listings in August 2023.