Real Estate Investing in New York, New York (10006)
Everything the listing leaves out — vacancy, rent trend, cap rate, landlord climate. All free.
Should you buy in 10006 (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: 15.5% of homes vacant — above national norms.
- Declining values: -1.1% 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 (10006)?
Click any question — our AI will research it live from the web and show you sources.
Market Analysis: 10006 New York
Investors eyeing 10006 need to respect the fundamentals at play. Home values of $1.1M come alongside slower price movement and elevated management overhead.
Distressed markets are won on execution, not on spreadsheets. ZIP 10006 sits at the profile where tenant screening, deferred maintenance, and local relationships determine the outcome.
Regionally, 10006 sits on the difficult end of the NY spectrum. The a strong candidate for read — for disciplined operators — is that pricing reflects the difficulty.
A resilient renter share of 82% in 10006 is not, on its own, a problem — but paired with below-average income and high mobility, it changes the operating playbook.
New investors are better served looking at New York's stable or hybrid ZIPs before stepping into 10006. The learning curve here is expensive when the lesson is wrong.
Here's what matters if you're considering buying a home in New York:
Market Trends
Home Value History (with trend line)
Rent History (with trend line)
📊 How Does 10006 Compare?
| Metric | 10006 | New York | New York |
|---|---|---|---|
| Home Value | $1,077,071 | $572,493 | $505,608 |
| 5-Year CAGR | N/A | 1.2% | 6.6% |
| Avg Rent | $4,958 | $3,425 | - |
| Cap Rate | 3.6% | 3.2% | - |
Similar ZIPs Within 25 Miles
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Landlord Ground Truth
Real numbers from people who own or manage rentals in ZIP 10006 (New York, NY). Anonymous, moderated, never written by AI.
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📊 Market Snapshot
| Home Value | $1,077,071 |
| Monthly Rent | $4,958 |
| Price-to-Rent | 18.1:1 |
| 1% Rule | ✗ Fails |
💰 Return Metrics
| Gross Yield | 5.5% |
| Cap Rate | 3.6% |
| 5-Year IRR | 2.5% |
📈 Home Appreciation
| 1-Year | +6.5% ▲ |
| 3-Year CAGR | -0.9% ▼ |
| 5-Year CAGR | -1.1% ▼ |
| 10-Year CAGR | -2.9% ▼ |
🏠 Rent Trends
| 1-Year | +6.5% ▲ |
| 3-Year CAGR | +4.3% ▲ |
| 5-Year CAGR | +6.4% ▲ |
The current 30-yr mortgage rate (6.8%) exceeds the estimated cap rate (3.6%). 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 10006
Population: 4,475
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 10006
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
Investor Insight: With 1,148 students living off-campus nearby, this area has strong rental demand from the college population.
Frequently Asked Questions
What is the average home sale price in New York, NY?
Median home price in New York, NY is near $1.1M, with a 5-year CAGR of 0.0%. Prices have been steady and supportive of buy-and-hold strategies.
What are vacancy rates like in New York, NY?
Rental vacancy in New York, NY is elevated. Investors should budget normal turnover but not chronic empty units.
What is the renter demographic in New York, NY?
Expect a solid tenant pool in New York, NY. The rental market absorbs $4,958/mo rents without meaningful friction.
What do landlords charge for rent in New York, NY?
Rental rates in New York, NY average $4,958/mo. Tenant demand and $1.1M home values make the yield look reasonable by investor standards.
How do landlord-tenant laws work in New York, NY?
Rental owners in New York, NY deal with a tenant-protective legal framework. Most standard eviction processes run on reasonable timelines.
You know 10006 now. You don’t know where it ranks.
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How 10006 ranks in New York-Newark-Jersey City, NY-NJ-PA
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