Real Estate Investing in New York, New York (10004)
Everything the listing leaves out — vacancy, rent trend, cap rate, landlord climate. All free.
Should you buy in 10004 (New York, NY)? Our answer, based on the numbers below.
Multiple negative signals. Better options likely exist nearby.
Structural challenges here. The numbers may look cheap but operational risk is high. Only for experienced, hands-on investors.
- High vacancy: 21.5% of homes vacant — above national norms.
- Declining values: -1.0% 5-year CAGR — values have moved lower.
- Tenant-protective state: Landlord rating 1.0/5 — slower evictions, more regulations.
What’s happening in New York, NY (10004)?
Click any question — our AI will research it live from the web and show you sources.
Market Analysis: 10004 New York
The 10004 ZIP covers a section of New York that demands careful diligence. Prices near $1.3M look accessible, but the work to make a deal cash flow is real.
The 10004 ZIP can work — but only with a tight operating hand. Remote landlords and passive investors tend to struggle here more than the underwriting suggests.
Nearby ZIPs in New York have seen price recovery that 10004 has not matched. New York County data supports the view that the spread is structural rather than temporary.
Looking more closely, 3,875 residents fill the ZIP, renter turnover runs higher than neighboring postal codes and delinquency risk is a real line item rather than a theoretical one.
Strategically, 10004 can be a high-return sleeve of a diversified portfolio — but it should not be the whole portfolio, and it should not be someone's first deal.
Here's what matters if you're considering buying a home in New York:
Property Strategy for 10004
Which property type performs best in this market?
📊 Compare All Property Types →
| Type | Median Value | Est. Rent | Cap Rate | 5yr CAGR | $/Bedroom |
|---|---|---|---|---|---|
| 1BR | $927,419 | $3,270 | 2.5% | -2.3% | $927,419 |
| 2BR | $1,697,954 | $3,590 | 1.5% | +3.0% | $848,977 |
Market Trends
Home Value History (with trend line)
Rent History (with trend line)
📊 How Does 10004 Compare?
| Metric | 10004 | New York | New York |
|---|---|---|---|
| Home Value | $1,252,150 | $572,493 | $505,608 |
| 5-Year CAGR | N/A | 1.2% | 6.6% |
| Avg Rent | $4,866 | $3,425 | - |
| Cap Rate | 3.0% | 3.2% | - |
Similar ZIPs Within 25 Miles
Compare other nearby markets to see if a neighbor offers a better fit.
Landlord Ground Truth
Real numbers from people who own or manage rentals in ZIP 10004 (New York, NY). Anonymous, moderated, never written by AI.
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📊 Market Snapshot
| Home Value | $1,252,150 |
| Monthly Rent | $4,866 |
| Price-to-Rent | 21.4:1 |
| 1% Rule | ✗ Fails |
💰 Return Metrics
| Gross Yield | 4.7% |
| Cap Rate | 3.0% |
| 5-Year IRR | 2.0% |
📈 Home Appreciation
| 1-Year | +7.5% ▲ |
| 3-Year CAGR | +3.2% ▲ |
| 5-Year CAGR | -1.0% ▼ |
| 10-Year CAGR | -3.0% ▼ |
🏠 Rent Trends
| 1-Year | -3.2% ▼ |
| 3-Year CAGR | +2.0% ▲ |
| 5-Year CAGR | +4.8% ▲ |
The current 30-yr mortgage rate (6.8%) exceeds the estimated cap rate (3.0%). Financing reduces your cash-on-cash return below the cap rate. Markets like this may still make sense as IRR plays — factoring in appreciation, depreciation, and a future refinance when rates drop.
Run an IRR Analysis →⚠️ Risk Signals
Composite view of factors that can impact a ZIP's stability and your downside risk.
Demographics in 10004
Population: 3,875
Crime & Safety
Crime & Safety Data Coming Soon
We're integrating comprehensive crime statistics including violent crime rates, property crime, and safety scores to help you make informed investment decisions.
Expected: Q1 2025
🎓 Schools in 10004
Schools in This ZIP Code
Nearby Schools (5 more)
Schools in adjacent ZIP codes that may serve this area
Frank R Conwell School
Rafael Cordero y Molina
BROOKLYN PROSPECT CHARTER SCHOOL-CSD 13
BROOKLYN RISE CHARTER SCHOOL
BROOME STREET ACADEMY CHARTER HIGH SCHOOL
About Repit School Scores
Traditional school ratings rely heavily on standardized test scores, which often reflect family income more than school quality. Repit takes a different approach.
We evaluate schools based on factors that research shows actually impact educational outcomes:
- Class Size — Smaller classes mean more individual attention
- School Funding — Resources available for programs, staff, and facilities
- Community Factors — Neighborhood characteristics that influence student success
- School Environment — Size, type, and structure
Scores are updated annually using federal education data.
🎓 Nearby Colleges & Universities
Frequently Asked Questions
What do landlords charge for rent in New York, NY?
Rental rates in New York, NY average $4,866/mo. Tenant demand and $1.3M home values make the yield look reasonable by investor standards.
How qualified is the tenant pool in New York, NY?
Tenant quality in New York, NY ranks as solid. Landlords generally report reliable occupancy at market rents of $4,866/mo.
Does New York, NY make sense for an investment property?
Our data puts New York, NY at 2.0/5 for investability. Home prices of $1.3M and rents around $4,866/mo create a solid backdrop for investor activity.
How do landlord-tenant laws work in New York, NY?
New York, NY operates under NY law, which is tenant-protective overall for landlords. Expect measured treatment in typical lease and eviction cases.
Do landlords face vacancy issues in New York, NY?
Vacancy in New York, NY is elevated, which keeps landlord downtime on reasonable timelines. Most properties lease within the standard window at $4,866/mo.
You know 10004 now. You don’t know where it ranks.
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How 10004 ranks in New York-Newark-Jersey City, NY-NJ-PA
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