Monthly Rent Report
Sunset Park Rent Report — February 2023
Asking rents in ZIP 11232, New York City, from 65 listings.
Median 1BR rent in Sunset Park was $2,150 in February 2023, down 9.5% (−$225) from January 2023 and down 10.4% year-over-year. The middle half of 1BR listings asked between $2,100 and $2,250. That puts Sunset Park $50 below the New York City citywide 1BR median of $2,200. The month's figures are based on 65 listings across 8 bedroom categories.
Median Rent by Bedroom Count
| Bedrooms | Median | Vs. January 2023 | Vs. February 2022 | P25–P75 Range | Listings |
|---|---|---|---|---|---|
| Studio | $1,400 | −$907 (-39.3%) | +$50 (+3.7%) | $1,400 – $1,400 | 1 |
| Studio | $1,400 | −$907 (-39.3%) | +$50 (+3.7%) | $1,400 – $1,400 | 1 |
| 1BR | $2,150 | −$225 (-9.5%) | −$250 (-10.4%) | $2,100 – $2,250 | 10 |
| 1BR | $1,437 | −$938 (-39.5%) | −$963 (-40.1%) | $1,437 – $1,437 | 1 |
| 2BR | $3,300 | −$700 (-17.5%) | +$950 (+40.4%) | $2,750 – $3,463 | 20 |
| 2BR | $3,295 | −$705 (-17.6%) | +$945 (+40.2%) | $2,800 – $3,450 | 25 |
| 3BR | $3,450 | −$125 (-3.5%) | +$875 (+34.0%) | $3,075 – $3,470 | 3 |
| 3BR | $3,223 | −$352 (-9.9%) | +$648 (+25.1%) | $2,921 – $3,460 | 4 |
Median, P25, and P75 are asking rents from listings posted in February 2023. Changes compare against the nearest prior month with data.
Sunset Park vs. New York City — February 2023
| Bedrooms | Sunset Park Median | NYC Citywide Median | Difference |
|---|---|---|---|
| Studio | $1,400 | $2,260 | −$860 (-38.1%) |
| Studio | $1,400 | $2,260 | −$860 (-38.1%) |
| 1BR | $2,150 | $2,200 | −$49 (-2.3%) |
| 1BR | $1,437 | $2,200 | −$762 (-34.7%) |
| 2BR | $3,300 | $2,695 | +$605 (+22.4%) |
| 2BR | $3,295 | $2,695 | +$600 (+22.3%) |
| 3BR | $3,450 | $3,200 | +$250 (+7.8%) |
| 3BR | $3,223 | $3,200 | +$23 (+0.7%) |
Citywide figure is the median of zip-level medians across 175 New York City zip codes with listings in February 2023.