Real Estate Investing in New York, New York (10016)
Everything the listing leaves out — vacancy, rent trend, cap rate, landlord climate. All free.
Should you buy in 10016 (New York, NY)? Our answer, based on the numbers below.
Multiple negative signals. Better options likely exist nearby.
A cash-flow market — rent-to-price math works from day one, though value growth is modest. Great for income-focused investors.
- High vacancy: 17.2% 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 (10016)?
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Market Analysis: 10016 New York
Investors eyeing 10016 need to respect the fundamentals at play. Home values of $946K come alongside slower price movement and elevated management overhead.
The 10016 ZIP can work — but only with a tight operating hand. Remote landlords and passive investors tend to struggle here more than the underwriting suggests.
Regionally, 10016 sits on the difficult end of the NY spectrum. The a viable market for read — for disciplined operators — is that pricing reflects the difficulty.
Employment concentration in 10016 leans toward sectors with higher volatility. The demographic consequence is income fluctuation that investors need to factor into their pro forma.
The 10016 ZIP fits a narrow investor profile — hands-on, patient, and willing to accept that the cap rate on paper is not the cap rate in reality.
Here's what matters if you're considering buying a home in New York:
Property Strategy for 10016
Which property type performs best in this market?
📊 Compare All Property Types →
| Type | Median Value | Est. Rent | Cap Rate | 5yr CAGR | $/Bedroom |
|---|---|---|---|---|---|
| 1BR | $831,531 | $3,990 | 3.5% | +0.2% | $831,531 |
| 2BR | $1,453,963 | $4,370 | 2.2% | 0.0% | $726,982 |
| 3BR | $2,212,871 | $5,470 | 1.8% | +1.8% | $737,624 |
Market Trends
Home Value History (with trend line)
Rent History (with trend line)
📊 How Does 10016 Compare?
| Metric | 10016 | New York | New York |
|---|---|---|---|
| Home Value | $946,198 | $572,493 | $505,608 |
| 5-Year CAGR | N/A | 1.2% | 6.6% |
| Avg Rent | $5,229 | $3,425 | - |
| Cap Rate | 4.3% | 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 10016 (New York, NY). Anonymous, moderated, never written by AI.
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📊 Market Snapshot
| Home Value | $946,198 |
| Monthly Rent | $5,229 |
| Price-to-Rent | 15.1:1 |
| 1% Rule | ✗ Fails |
💰 Return Metrics
| Gross Yield | 6.6% |
| Cap Rate | 4.3% |
| 5-Year IRR | 3.2% |
📈 Home Appreciation
| 1-Year | +0.8% ▲ |
| 3-Year CAGR | +1.1% ▲ |
| 5-Year CAGR | -1.1% ▼ |
| 10-Year CAGR | -0.9% ▼ |
🏠 Rent Trends
| 1-Year | +6.6% ▲ |
| 3-Year CAGR | +4.8% ▲ |
| 5-Year CAGR | +6.9% ▲ |
The current 30-yr mortgage rate (6.8%) exceeds the estimated cap rate (4.3%). 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 10016
Population: 54,297
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 10016
Schools in This ZIP Code
Nearby Schools (5 more)
Schools in adjacent ZIP codes that may serve this area
MANHATTAN VILLAGE ACADEMY
SCHOOL OF THE FUTURE HIGH SCHOOL
SPRUCE STREET SCHOOL
SUCCESS ACADEMY CHARTER SCHOOL-HUDSON YARDS
BARUCH COLLEGE CAMPUS 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 are rental rates like in New York, NY?
Expect rents around $5,229/mo per month in New York, NY. With home values at $946K, the yield math works out to reasonable levels for rental investors.
Are eviction rules reasonable in New York, NY?
Landlord-friendliness in New York, NY is tenant-protective. Eviction timelines and lease enforcement are considered reasonable by most property managers.
How high is vacancy risk in New York, NY?
Occupancy in New York, NY runs stable with elevated vacancy. Well-priced units at $5,229/mo lease on reasonable timelines.
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 - $946K homes against $5,229/mo rents - support that play.
Is real estate in New York, NY a good investment right now?
New York, NY comes in at an investability rating of 3.0/5, with median home values near $946K and average rents around $5,229/mo. That combination puts it in the impressive tier for investor interest.
You know 10016 now. You don’t know where it ranks.
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How 10016 ranks in New York-Newark-Jersey City, NY-NJ-PA
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