Real Estate Investing in New York, New York (10007)
Everything the listing leaves out — vacancy, rent trend, cap rate, landlord climate. All free.
Should you buy in 10007 (New York, NY)? Our answer, based on the numbers below.
Multiple negative signals. Better options likely exist nearby.
A middle-of-the-road market. Workable, but the best opportunities may be nearby ZIPs rather than this one.
- High vacancy: 16.7% of homes vacant — above national norms.
- Tenant-protective state: Landlord rating 1.0/5 — slower evictions, more regulations.
- High price-to-rent: Price-to-rent ratio 30.0 — hard to cash-flow at these prices.
What’s happening in New York, NY (10007)?
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Market Analysis: 10007 New York
Investors eyeing 10007 need to respect the fundamentals at play. Home values of $3.2M come alongside slower price movement and elevated management overhead.
From a cash-flow lens, the numbers look inviting — $3.2M purchase price, 0.0% nominal cap — the work to hit that pro forma in 10007 is substantial and deserves full respect.
ZIP 10007's metrics run below New York County's averages on price growth and tenant stability. Investors who ignore that regional gap tend to relearn it the hard way.
Resident income in 10007 sits below the county median. That reality colors rent collection, vacancy, and reinvestment math in ways that outside investors often underestimate.
New investors are better served looking at New York's stable or hybrid ZIPs before stepping into 10007. 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:
Property Strategy for 10007
Which property type performs best in this market?
📊 Compare All Property Types →
| Type | Median Value | Est. Rent | Cap Rate | 5yr CAGR | $/Bedroom |
|---|---|---|---|---|---|
| 1BR | $1,336,475 | $3,270 | 1.8% | +0.1% | $1,336,475 |
| 2BR | $2,830,970 | $3,590 | 0.9% | +0.6% | $1,415,485 |
| 3BR | $4,712,215 | $4,500 | 0.7% | +4.7% | $1,570,738 |
Market Trends
Home Value History (with trend line)
Rent History (with trend line)
📊 How Does 10007 Compare?
| Metric | 10007 | New York | New York |
|---|---|---|---|
| Home Value | $3,181,544 | $572,493 | $505,608 |
| 5-Year CAGR | 2.5% | 1.2% | 6.6% |
| Avg Rent | $8,847 | $3,425 | - |
| Cap Rate | 2.2% | 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 10007 (New York, NY). Anonymous, moderated, never written by AI.
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📊 Market Snapshot
| Home Value | $3,181,544 |
| Monthly Rent | $8,847 |
| Price-to-Rent | 30.0:1 |
| 1% Rule | ✗ Fails |
💰 Return Metrics
| Gross Yield | 3.3% |
| Cap Rate | 2.2% |
| 5-Year IRR | 4.7% |
📈 Home Appreciation
| 1-Year | +5.1% ▲ |
| 3-Year CAGR | +0.7% ▲ |
| 5-Year CAGR | +2.5% ▲ |
| 10-Year CAGR | +0.3% ▲ |
🏠 Rent Trends
| 1-Year | +17.9% ▲ |
| 3-Year CAGR | +10.8% ▲ |
| 5-Year CAGR | +9.1% ▲ |
The current 30-yr mortgage rate (6.8%) exceeds the estimated cap rate (2.2%). 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 10007
Population: 7,802
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 10007
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 kind of market is New York, NY for investors?
The 3.0/5 investability rating in New York, NY reflects its $3.2M prices and $8,847/mo rents. Investors generally consider it a solid option within NY.
What strategy should investors use in New York, NY?
For New York, NY, careful cash-flow rentals with hands-on management is the standard investor playbook. The market structure makes it a reasonable default approach.
How much do tenants pay in New York, NY?
Rental rates in New York, NY average $8,847/mo. Tenant demand and $3.2M home values make the yield look reasonable by investor standards.
How expensive is real estate in New York, NY?
Expect median prices around $3.2M in New York, NY. The market has run at a 0.0% 5-year CAGR, so entry costs have been reliable.
Are tenants stable in New York, NY?
Tenant demand in New York, NY is solid. The local workforce $8,847/mo rents across most rental classes.
You know 10007 now. You don’t know where it ranks.
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How 10007 ranks in New York-Newark-Jersey City, NY-NJ-PA
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