Real Estate Investing in New York, New York (10033)
Everything the listing leaves out — vacancy, rent trend, cap rate, landlord climate. All free.
Should you buy in 10033 (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 cash-flow market — rent-to-price math works from day one, though value growth is modest. Great for income-focused investors.
- Declining values: -1.4% 5-year CAGR — values have moved lower.
- Tenant-protective state: Landlord rating 1.0/5 — slower evictions, more regulations.
- Higher unemployment: 7.8% unemployment — tenant risk signal.
What’s happening in New York, NY (10033)?
Click any question — our AI will research it live from the web and show you sources.
Market Analysis: 10033 New York
From an investor standpoint, ZIP 10033 has challenges — vacancy pressure, softer price growth, and tenant stability concerns sit alongside the $613K median. It rewards specialists, not generalists.
If the plan assumes clean turnover, on-time rent, and low maintenance on a $613K asset, 10033 is the wrong submarket. If the plan prices in friction, the yield can still work.
Regionally, 10033 sits on the difficult end of the NY spectrum. The a viable market for read — for disciplined operators — is that pricing reflects the difficulty.
Demographically, 10033 is a market where tenant selection matters more than unit finishes. Operators who understand that tend to do fine; those who do not tend to learn why the ZIP trades at a discount.
Experienced landlords with local relationships tend to find 10033 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 10033
Which property type performs best in this market?
📊 Compare All Property Types →
| Type | Median Value | Est. Rent | Cap Rate | 5yr CAGR | $/Bedroom |
|---|---|---|---|---|---|
| 1BR | $463,935 | $2,370 | 3.7% | -0.1% | $463,935 |
| 2BR | $661,530 | $2,600 | 2.8% | +2.0% | $330,765 |
| 3BR | $849,919 | $3,260 | 2.8% | +3.7% | $283,306 |
Market Trends
Home Value History (with trend line)
Rent History (with trend line)
📊 How Does 10033 Compare?
| Metric | 10033 | New York | New York |
|---|---|---|---|
| Home Value | $613,347 | $572,493 | $505,608 |
| 5-Year CAGR | N/A | 1.2% | 6.6% |
| Avg Rent | $3,156 | $3,425 | - |
| Cap Rate | 4.0% | 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 10033 (New York, NY). Anonymous, moderated, never written by AI.
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📊 Market Snapshot
| Home Value | $613,347 |
| Monthly Rent | $3,156 |
| Price-to-Rent | 16.2:1 |
| 1% Rule | ✗ Fails |
💰 Return Metrics
| Gross Yield | 6.2% |
| Cap Rate | 4.0% |
| 5-Year IRR | 2.7% |
📈 Home Appreciation
| 1-Year | +2.1% ▲ |
| 3-Year CAGR | +1.5% ▲ |
| 5-Year CAGR | -1.4% ▼ |
| 10-Year CAGR | +2.7% ▲ |
🏠 Rent Trends
| 1-Year | +11.9% ▲ |
| 3-Year CAGR | +7.0% ▲ |
| 5-Year CAGR | +7.8% ▲ |
The current 30-yr mortgage rate (6.8%) exceeds the estimated cap rate (4.0%). 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 10033
Population: 53,611
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 10033
Schools in This ZIP Code
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 778 students living off-campus nearby, this area has strong rental demand from the college population.
Frequently Asked Questions
Which investment style suits 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 do home values compare in New York, NY?
New York, NY home values average about $613K. That price point suits investors targeting rentals with $3,156/mo in monthly income.
Are rents high in New York, NY?
Investors in New York, NY typically see rents near $3,156/mo per month against $613K home values - a solid setup for rental cash flow.
Is New York, NY a good market for FHA house hackers?
The a challenging house-hack environment in New York, NY reflects the rent-to-price spread. Expect meaningful PITI offset at market rents.
Should investors worry about vacancy in New York, NY?
Expect elevated vacancy in New York, NY. Rents at $3,156/mo are absorbed by the tenant base without meaningful lag.
You know 10033 now. You don’t know where it ranks.
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How 10033 ranks in New York-Newark-Jersey City, NY-NJ-PA
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