Real Estate Investing in New York, New York (10037)
Everything the listing leaves out — vacancy, rent trend, cap rate, landlord climate. All free.
Should you buy in 10037 (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.
- Declining values: -0.4% 5-year CAGR — values have moved lower.
- Elevated vacancy: 10.1% vacancy may signal weakening demand.
- Tenant-protective state: Landlord rating 1.0/5 — slower evictions, more regulations.
- Elevated poverty: 23.8% poverty rate — can affect rent collection.
What’s happening in New York, NY (10037)?
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Market Analysis: 10037 New York
The 10037 ZIP in New York, NY is a local-operator market. Outside capital chasing a $585K entry has to pair deep knowledge with the discount.
For an experienced owner, 10037 can be a worth a close look for hunting ground — but the discount at $585K reflects genuine risk that outside investors often underestimate.
Regionally, 10037 sits on the difficult end of the NY spectrum. The a viable market for read — for disciplined operators — is that pricing reflects the difficulty.
The 10037 ZIP's population of 18,333 has faced economic pressure over the last decade. That pressure shows up in rent delinquency patterns that sits at the need for careful underwriting.
The 10037 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 10037
Which property type performs best in this market?
📊 Compare All Property Types →
| Type | Median Value | Est. Rent | Cap Rate | 5yr CAGR | $/Bedroom |
|---|---|---|---|---|---|
| 1BR | $509,485 | $2,350 | 3.3% | — | $509,485 |
| 2BR | $630,677 | $2,580 | 2.9% | 0.0% | $315,339 |
Market Trends
Home Value History (with trend line)
Rent History (with trend line)
📊 How Does 10037 Compare?
| Metric | 10037 | New York | New York |
|---|---|---|---|
| Home Value | $585,332 | $572,493 | $505,608 |
| 5-Year CAGR | N/A | 1.2% | 6.6% |
| Avg Rent | $2,877 | $3,425 | - |
| Cap Rate | 3.8% | 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 10037 (New York, NY). Anonymous, moderated, never written by AI.
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📊 Market Snapshot
| Home Value | $585,332 |
| Monthly Rent | $2,877 |
| Price-to-Rent | 17.0:1 |
| 1% Rule | ✗ Fails |
💰 Return Metrics
| Gross Yield | 5.9% |
| Cap Rate | 3.8% |
| 5-Year IRR | 3.5% |
📈 Home Appreciation
| 1-Year | -0.3% ▼ |
| 3-Year CAGR | +1.0% ▲ |
| 5-Year CAGR | -0.4% ▼ |
| 10-Year CAGR | +0.8% ▲ |
🏠 Rent Trends
| 1-Year | +2.1% ▲ |
| 3-Year CAGR | +3.4% ▲ |
| 5-Year CAGR | +5.4% ▲ |
The current 30-yr mortgage rate (6.8%) exceeds the estimated cap rate (3.8%). 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 10037
Population: 18,333
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 10037
Schools in This ZIP Code
Nearby Schools (5 more)
Schools in adjacent ZIP codes that may serve this area
Eleanor Van Gelder
George Washington School
AMERICAN DREAM CHARTER SCHOOL
CREO COLLEGE PREPARATORY CHARTER SCHOOL
DEMOCRACY PREP ENDURANCE CHARTER 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
Is real estate in New York, NY a good investment right now?
New York, NY rates 2.0/5 for investability. With median values at $585K and rents near $2,877/mo, the market offers reasonable fundamentals for rental investors.
What kind of vacancy should I budget for in New York, NY?
Occupancy in New York, NY runs measured with elevated vacancy. Well-priced units at $2,877/mo lease on reasonable timelines.
What is the smart move for investors in New York, NY?
In New York, NY the substantial play is typically careful cash-flow rentals with hands-on management. The combination of $585K prices and $2,877/mo rents suits that approach.
Is New York, NY good for house hacking?
The house hack math a challenging in New York, NY. Owner-occupant buyers benefit from the $2,877/mo rents and $585K home values.
Are tenants stable in New York, NY?
New York, NY draws a steady base of working renters. Demand at the $2,877/mo rent level is reasonable for standard single-family and small multi rentals.
You know 10037 now. You don’t know where it ranks.
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How 10037 ranks in New York-Newark-Jersey City, NY-NJ-PA
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