Monthly Rent Report
Gravesend Rent Report — December 2023
Asking rents in ZIP 11223, New York City, from 172 listings.
Median 1BR rent in Gravesend was $2,175 in December 2023, up 8.8% (+$175) from November 2023 and up 14.5% year-over-year. The middle half of 1BR listings asked between $1,975 and $2,400. That puts Gravesend $225 below the New York City citywide 1BR median of $2,400. The month's figures are based on 172 listings across 10 bedroom categories.
Median Rent by Bedroom Count
| Bedrooms | Median | Vs. November 2023 | Vs. December 2022 | P25–P75 Range | Listings |
|---|---|---|---|---|---|
| Studio | $1,350 | −$1,182 (-46.7%) | −$325 (-19.4%) | $1,350 – $1,463 | 14 |
| Studio | $1,350 | −$1,182 (-46.7%) | −$325 (-19.4%) | $1,350 – $1,350 | 2 |
| 1BR | $2,175 | +$175 (+8.8%) | +$275 (+14.5%) | $1,975 – $2,400 | 32 |
| 1BR | $2,100 | +$100 (+5.0%) | +$200 (+10.5%) | $1,725 – $2,763 | 10 |
| 2BR | $2,698 | +$48 (+1.8%) | −$302 (-10.1%) | $2,450 – $3,487 | 64 |
| 2BR | $2,850 | +$200 (+7.5%) | −$150 (-5.0%) | $2,431 – $3,549 | 30 |
| 3BR | $2,925 | +$350 (+13.6%) | −$125 (-4.1%) | $2,888 – $2,963 | 2 |
| 3BR | $2,925 | +$350 (+13.6%) | −$125 (-4.1%) | $2,888 – $2,963 | 2 |
| 4BR | $3,000 | +$100 (+3.4%) | −$1,500 (-33.3%) | $2,888 – $3,300 | 10 |
| 4BR | $2,925 | +$25 (+0.9%) | −$1,575 (-35.0%) | $2,850 – $4,350 | 6 |
Median, P25, and P75 are asking rents from listings posted in December 2023. Changes compare against the nearest prior month with data.
Gravesend vs. New York City — December 2023
| Bedrooms | Gravesend Median | NYC Citywide Median | Difference |
|---|---|---|---|
| Studio | $1,350 | $2,362 | −$1,012 (-42.8%) |
| Studio | $1,350 | $2,362 | −$1,012 (-42.8%) |
| 1BR | $2,175 | $2,400 | −$225 (-9.4%) |
| 1BR | $2,100 | $2,400 | −$300 (-12.5%) |
| 2BR | $2,698 | $2,900 | −$202 (-7.0%) |
| 2BR | $2,850 | $2,900 | −$50 (-1.7%) |
| 3BR | $2,925 | $3,500 | −$575 (-16.4%) |
| 3BR | $2,925 | $3,500 | −$575 (-16.4%) |
| 4BR | $3,000 | $4,070 | −$1,070 (-26.3%) |
| 4BR | $2,925 | $4,070 | −$1,145 (-28.1%) |
Citywide figure is the median of zip-level medians across 174 New York City zip codes with listings in December 2023.