Real Estate Investing in New York, New York (10069)
Everything the listing leaves out — vacancy, rent trend, cap rate, landlord climate. All free.
Should you buy in 10069 (New York, NY)? Our answer, based on the numbers below.
Multiple negative signals. Better options likely exist nearby.
A middle-of-the-road market. Workable, but the best opportunities may be nearby ZIPs rather than this one.
- High vacancy: 18.4% of homes vacant — above national norms.
- Tenant-protective state: Landlord rating 1.0/5 — slower evictions, more regulations.
- Higher unemployment: 13.0% unemployment — tenant risk signal.
- High price-to-rent: Price-to-rent ratio 25.8 — hard to cash-flow at these prices.
What’s happening in New York, NY (10069)?
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Market Analysis: 10069 New York
The 10069 ZIP covers a section of New York that demands careful diligence. Prices near $1.9M look accessible, but the work to make a deal cash flow is real.
From an investor standpoint, the numbers look inviting — $1.9M purchase price, 0.0% nominal cap — the work to hit that pro forma in 10069 is substantial and deserves full respect.
Within NY, ZIP 10069 trails on several market indicators that neighboring New York County submarkets outperform. The gap is real and impressive enough to shape underwriting.
A resilient renter share of 67% in 10069 is not, on its own, a problem — but paired with below-average income and high mobility, it changes the operating playbook.
Strategically, 10069 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 10069 Compare?
| Metric | 10069 | New York | New York |
|---|---|---|---|
| Home Value | $1,942,774 | $572,493 | $505,608 |
| 5-Year CAGR | 2.3% | 1.2% | 6.6% |
| Avg Rent | $6,282 | $3,425 | - |
| Cap Rate | 2.5% | 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 10069 (New York, NY). Anonymous, moderated, never written by AI.
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📊 Market Snapshot
| Home Value | $1,942,774 |
| Monthly Rent | $6,282 |
| Price-to-Rent | 25.8:1 |
| 1% Rule | ✗ Fails |
💰 Return Metrics
| Gross Yield | 3.9% |
| Cap Rate | 2.5% |
| 5-Year IRR | 4.8% |
📈 Home Appreciation
| 1-Year | +2.0% ▲ |
| 3-Year CAGR | +0.6% ▲ |
| 5-Year CAGR | +2.3% ▲ |
| 10-Year CAGR | -1.1% ▼ |
🏠 Rent Trends
| 1-Year | +5.4% ▲ |
| 3-Year CAGR | +4.7% ▲ |
| 5-Year CAGR | +6.4% ▲ |
The current 30-yr mortgage rate (6.8%) exceeds the estimated cap rate (2.5%). 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 10069
Population: 6,669
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 10069
Nearby Schools (5 more)
Schools in adjacent ZIP codes that may serve this area
Daniel Webster School
Public School Number Two
Robert Menendez Elementary School
Theodore Roosevelt School
Anna L. Klein
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
How does New York, NY rate as a rental market?
Yes - New York, NY a 3.0/5 investability score. With $1.9M home prices against $6,282/mo monthly rent, the market delivers a reasonable entry point for new investors.
Should investors worry about vacancy in New York, NY?
Expect elevated vacancy in New York, NY. Rents at $6,282/mo are absorbed by the tenant base without meaningful lag.
What do rentals go for in New York, NY?
Rent in New York, NY is around $6,282/mo. The resulting rent-to-value relationship with $1.9M pricing is reasonable for most investor models.
Is New York, NY good for house hacking?
House hacking in New York, NY is reasonable to execute. Prices around $1.9M and rents of $6,282/mo solid owner-occupant economics.
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 - $1.9M homes against $6,282/mo rents - support that play.
You know 10069 now. You don’t know where it ranks.
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How 10069 ranks in New York-Newark-Jersey City, NY-NJ-PA
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