Real Estate Investing in New York, New York (10009)
Everything the listing leaves out — vacancy, rent trend, cap rate, landlord climate. All free.
Should you buy in 10009 (New York, NY)? Our answer, based on the numbers below.
Proceed carefully. Weak appreciation or affordability makes this a harder case for most buyers.
A middle-of-the-road market. Workable, but the best opportunities may be nearby ZIPs rather than this one.
- Tenant-protective state: Landlord rating 1.0/5 — slower evictions, more regulations.
What’s happening in New York, NY (10009)?
Click any question — our AI will research it live from the web and show you sources.
Market Analysis: 10009 New York
Not every below-median market is a bargain. New York's 10009 ZIP registers signals that favor experienced operators who can absorb the risk $1.1M pricing implies.
The investment case in 10009 is significant only for operators who understand what they are buying. A $1.1M median suggests accessibility, but management intensity, vacancy drift, and capex surprises are real.
ZIP 10009'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.
Employment concentration in 10009 leans toward sectors with higher volatility. The demographic consequence is income fluctuation that investors need to factor into their pro forma.
Experienced landlords with local relationships tend to find 10009 workable. Turnkey investors from out of state usually find the numbers do not hold up in practice.
Here's what matters if you're considering buying a home in New York:
Property Strategy for 10009
Which property type performs best in this market?
📊 Compare All Property Types →
| Type | Median Value | Est. Rent | Cap Rate | 5yr CAGR | $/Bedroom |
|---|---|---|---|---|---|
| 1BR | $769,692 | $2,840 | 2.7% | +2.0% | $769,692 |
| 2BR | $1,204,731 | $3,110 | 1.9% | +0.3% | $602,365 |
Market Trends
Home Value History (with trend line)
Rent History (with trend line)
📊 How Does 10009 Compare?
| Metric | 10009 | New York | New York |
|---|---|---|---|
| Home Value | $1,083,044 | $572,493 | $505,608 |
| 5-Year CAGR | 3.9% | 1.2% | 6.6% |
| Avg Rent | $5,052 | $3,425 | - |
| Cap Rate | 3.6% | 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 10009 (New York, NY). Anonymous, moderated, never written by AI.
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📊 Market Snapshot
| Home Value | $1,083,044 |
| Monthly Rent | $5,052 |
| Price-to-Rent | 17.9:1 |
| 1% Rule | ✗ Fails |
💰 Return Metrics
| Gross Yield | 5.6% |
| Cap Rate | 3.6% |
| 5-Year IRR | 7.6% |
📈 Home Appreciation
| 1-Year | +11.2% ▲ |
| 3-Year CAGR | +3.1% ▲ |
| 5-Year CAGR | +3.9% ▲ |
| 10-Year CAGR | +3.8% ▲ |
🏠 Rent Trends
| 1-Year | +11.8% ▲ |
| 3-Year CAGR | +7.2% ▲ |
| 5-Year CAGR | +8.3% ▲ |
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 10009
Population: 58,341
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 10009
Schools in This ZIP Code
Nearby Schools (5 more)
Schools in adjacent ZIP codes that may serve this area
BROOME STREET ACADEMY CHARTER HIGH SCHOOL
MANHATTAN CHARTER SCHOOL
NORTHSIDE CHARTER HIGH SCHOOL
MANHATTAN CHARTER SCHOOL II
GIRLS PREPARATORY CHARTER SCHOOL OF NEW YORK
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 is the best play in New York, NY?
In New York, NY the impressive play is typically careful cash-flow rentals with hands-on management. The combination of $1.1M prices and $5,052/mo rents suits that approach.
Are tenants stable in New York, NY?
New York, NY offers a stable renter base at the $5,052/mo rent level. Tenant turnover is reasonable for well-managed properties.
What is it like being a landlord in New York, NY?
For rental operators, New York, NY rates as tenant-protective. The regulatory environment standard buy-and-hold operations.
Can I live-in-and-rent in New York, NY?
For house hackers, New York, NY is a tougher. The $5,052/mo rent on a unit helps defray the mortgage on a $1.1M property.
What is the median home value in New York, NY?
In New York, NY the median home value sits at $1.1M. Against the broader NY market, that reads as reasonable for most investors.
You know 10009 now. You don’t know where it ranks.
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How 10009 ranks in New York-Newark-Jersey City, NY-NJ-PA
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