Real Estate Investing in New York, New York (10044)
Everything the listing leaves out — vacancy, rent trend, cap rate, landlord climate. All free.
Should you buy in 10044 (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.
- High vacancy: 14.7% of homes vacant — above national norms.
- Tenant-protective state: Landlord rating 1.0/5 — slower evictions, more regulations.
What’s happening in New York, NY (10044)?
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Market Analysis: 10044 New York
ZIP 10044 in New York, NY carries a sturdy set of headwinds. Home values near $946K and rents of $4,395/mo sit inside a market where underwriting has to be tight.
If the plan assumes clean turnover, on-time rent, and low maintenance on a $946K asset, 10044 is the wrong submarket. If the plan prices in friction, the yield can still work.
In the broader NY picture, 10044 is a reminder that not every low-priced ZIP is a value-add opportunity — some are simply distressed, and the difference matters.
The 10044 ZIP's population of 11,998 has faced economic pressure over the last decade. That pressure shows up in rent delinquency patterns that clocks in at the need for careful underwriting.
Strategically, 10044 can be a high-return sleeve of a diversified portfolio — but it should not be the whole portfolio, and it should not be someone's first deal.
Here's what matters if you're considering buying a home in New York:
Market Trends
Home Value History (with trend line)
Rent History (with trend line)
📊 How Does 10044 Compare?
| Metric | 10044 | New York | New York |
|---|---|---|---|
| Home Value | $945,596 | $572,493 | $505,608 |
| 5-Year CAGR | 5.3% | 1.2% | 6.6% |
| Avg Rent | $4,395 | $3,425 | - |
| Cap Rate | 3.6% | 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 10044 (New York, NY). Anonymous, moderated, never written by AI.
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📊 Market Snapshot
| Home Value | $945,596 |
| Monthly Rent | $4,395 |
| Price-to-Rent | 17.9:1 |
| 1% Rule | ✗ Fails |
💰 Return Metrics
| Gross Yield | 5.6% |
| Cap Rate | 3.6% |
| 5-Year IRR | 9.0% |
📈 Home Appreciation
| 1-Year | +2.1% ▲ |
| 3-Year CAGR | +5.4% ▲ |
| 5-Year CAGR | +5.3% ▲ |
| 10-Year CAGR | +2.5% ▲ |
🏠 Rent Trends
| 1-Year | -8.2% ▼ |
| 3-Year CAGR | N/A |
| 5-Year CAGR | N/A |
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 10044
Population: 11,998
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 10044
Schools in This ZIP Code
Nearby Schools (5 more)
Schools in adjacent ZIP codes that may serve this area
GROWING UP GREEN CHARTER SCHOOL
OUR WORLD NEIGHBORHOOD CHARTER SCHOOL
VOICE CHARTER SCHOOL OF NEW YORK
ACADEMY FOR CAREERS IN TELEVISION AND FILM
ALBERT SHANKER SCHOOL FOR VISUAL AND PERFORMING ARTS
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 investment strategy works best in New York, NY?
In New York, NY the healthy play is typically careful cash-flow rentals with hands-on management. The combination of $946K prices and $4,395/mo rents suits that approach.
How qualified is the tenant pool in New York, NY?
The tenant pool in New York, NY is solid, supported by local employment and population fundamentals. Rents of $4,395/mo are well-absorbed by the market.
What is the typical home price in New York, NY?
In New York, NY the median home value sits at $946K. Against the broader NY market, that reads as reasonable for most investors.
Does house hacking work in New York, NY?
House hacking in New York, NY is reasonable to execute. Prices around $946K and rents of $4,395/mo solid owner-occupant economics.
How does New York, NY rate as a rental market?
New York, NY scores 3.0/5 for investability. Home values sit at $946K and rents near $4,395/mo, which keeps the rent-to-price ratio in reasonable territory for buy-and-hold investors.
You know 10044 now. You don’t know where it ranks.
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How 10044 ranks in New York-Newark-Jersey City, NY-NJ-PA
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