Real Estate Investing in New York, New York (10012)
Everything the listing leaves out — vacancy, rent trend, cap rate, landlord climate. All free.
Should you buy in 10012 (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: 19.2% of homes vacant — above national norms.
- Flat appreciation: Values have barely moved over 5 years (0.6% CAGR).
- Tenant-protective state: Landlord rating 1.0/5 — slower evictions, more regulations.
- High price-to-rent: Price-to-rent ratio 45.0 — hard to cash-flow at these prices.
What’s happening in New York, NY (10012)?
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Market Analysis: 10012 New York
Not every below-median market is a bargain. New York's 10012 ZIP reports signals that favor experienced operators who can absorb the risk $2.9M pricing implies.
Meanwhile, the numbers look inviting — $2.9M purchase price, 0.0% nominal cap — the work to hit that pro forma in 10012 is substantial and deserves full respect.
Statewide comparisons place 10012 among NY's softer markets. That context does not make the ZIP uninvestable, but it does raise the bar for due diligence.
Resident income in 10012 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 10012. 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 10012
Which property type performs best in this market?
📊 Compare All Property Types →
| Type | Median Value | Est. Rent | Cap Rate | 5yr CAGR | $/Bedroom |
|---|---|---|---|---|---|
| 1BR | $1,188,002 | $3,990 | 2.4% | +2.9% | $1,188,002 |
| 2BR | $2,880,310 | $4,370 | 1.1% | +3.4% | $1,440,155 |
| 3BR | $5,156,591 | $5,470 | 0.8% | +4.7% | $1,718,864 |
Market Trends
Home Value History (with trend line)
Rent History (with trend line)
📊 How Does 10012 Compare?
| Metric | 10012 | New York | New York |
|---|---|---|---|
| Home Value | $2,914,364 | $572,493 | $505,608 |
| 5-Year CAGR | 0.6% | 1.2% | 6.6% |
| Avg Rent | $5,395 | $3,425 | - |
| Cap Rate | 1.4% | 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 10012 (New York, NY). Anonymous, moderated, never written by AI.
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📊 Market Snapshot
| Home Value | $2,914,364 |
| Monthly Rent | $5,395 |
| Price-to-Rent | 45.0:1 |
| 1% Rule | ✗ Fails |
💰 Return Metrics
| Gross Yield | 2.2% |
| Cap Rate | 1.4% |
| 5-Year IRR | 2.0% |
📈 Home Appreciation
| 1-Year | +14.1% ▲ |
| 3-Year CAGR | +2.1% ▲ |
| 5-Year CAGR | +0.6% ▲ |
| 10-Year CAGR | -1.7% ▼ |
🏠 Rent Trends
| 1-Year | +11.3% ▲ |
| 3-Year CAGR | +7.6% ▲ |
| 5-Year CAGR | +8.9% ▲ |
The current 30-yr mortgage rate (6.8%) exceeds the estimated cap rate (1.4%). 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 10012
Population: 21,846
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 10012
Nearby Schools (5 more)
Schools in adjacent ZIP codes that may serve this area
BROOME STREET ACADEMY CHARTER HIGH SCHOOL
MANHATTAN CHARTER SCHOOL
MANHATTAN CHARTER SCHOOL II
GIRLS PREPARATORY CHARTER SCHOOL OF NEW YORK
ACADEMY FOR SOFTWARE ENGINEERING
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 price range are homes in New York, NY?
Typical homes in New York, NY go for around $2.9M. The 5-year CAGR of 0.0% measured price movement.
Does New York, NY favor landlords or tenants?
NY ranks as a tenant-protective state for landlord-tenant law. New York generally follows the statewide framework, so landlords face reasonable operating rules.
Where do rents currently stand in New York, NY?
New York, NY rentals go for roughly $5,395/mo a month. That puts gross yield in solid territory relative to $2.9M acquisition costs.
Is New York in NY worth investing in?
The 2.0/5 investability rating in New York, NY reflects its $2.9M prices and $5,395/mo rents. Investors generally consider it a solid option within NY.
What investment strategy works best in New York, NY?
Investors who focus on careful cash-flow rentals with hands-on management typically do well in New York, NY. The numbers - $2.9M homes against $5,395/mo rents - support that play.
You know 10012 now. You don’t know where it ranks.
This page stays free — all of it. What one page can’t tell you is how 10012 compares to every other market. Investor ($19/mo) screens every U.S. ZIP by cap rate, the 1% rule, vacancy and landlord climate, and exports your shortlist.
How 10012 ranks in New York-Newark-Jersey City, NY-NJ-PA
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