Real Estate Investing in New York, New York (10128)
Everything the listing leaves out — vacancy, rent trend, cap rate, landlord climate. All free.
Should you buy in 10128 (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.
- High vacancy: 17.3% of homes vacant — above national norms.
- Declining values: -0.4% 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 (10128)?
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Market Analysis: 10128 New York
Turning to rents, ZIP 10128 has challenges — vacancy pressure, softer price growth, and tenant stability concerns sit alongside the $1.2M median. It rewards specialists, not generalists.
The investment case in 10128 is notable only for operators who understand what they are buying. A $1.2M median suggests accessibility, but management intensity, vacancy drift, and capex surprises are real.
Nearby ZIPs in New York have seen price recovery that 10128 has not matched. New York County data supports the view that the spread is structural rather than temporary.
The 10128 ZIP's population of 59,000 has faced economic pressure over the last decade. That pressure shows up in rent delinquency patterns that reflects the need for careful underwriting.
Strategy in 10128 is an operator game, not a passive one. Put differently, entry prices of $1.2M are inviting, the management lift is real and non-optional.
Here's what matters if you're considering buying a home in New York:
Property Strategy for 10128
Which property type performs best in this market?
📊 Compare All Property Types →
| Type | Median Value | Est. Rent | Cap Rate | 5yr CAGR | $/Bedroom |
|---|---|---|---|---|---|
| 1BR | $716,291 | $3,990 | 4.0% | -0.6% | $716,291 |
| 2BR | $1,393,018 | $4,370 | 2.3% | +0.2% | $696,509 |
| 3BR | $2,602,749 | $5,470 | 1.5% | +3.0% | $867,583 |
| 4BR | $4,541,475 | $5,950 | 0.9% | +5.4% | $1,135,369 |
Market Trends
Home Value History (with trend line)
Rent History (with trend line)
📊 How Does 10128 Compare?
| Metric | 10128 | New York | New York |
|---|---|---|---|
| Home Value | $1,242,060 | $572,493 | $505,608 |
| 5-Year CAGR | N/A | 1.2% | 6.6% |
| Avg Rent | $4,305 | $3,425 | - |
| Cap Rate | 2.7% | 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 10128 (New York, NY). Anonymous, moderated, never written by AI.
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📊 Market Snapshot
| Home Value | $1,242,060 |
| Monthly Rent | $4,305 |
| Price-to-Rent | 24.0:1 |
| 1% Rule | ✗ Fails |
💰 Return Metrics
| Gross Yield | 4.2% |
| Cap Rate | 2.7% |
| 5-Year IRR | 2.3% |
📈 Home Appreciation
| 1-Year | +8.1% ▲ |
| 3-Year CAGR | +2.7% ▲ |
| 5-Year CAGR | -0.4% ▼ |
| 10-Year CAGR | -0.2% ▼ |
🏠 Rent Trends
| 1-Year | +13.8% ▲ |
| 3-Year CAGR | +8.2% ▲ |
| 5-Year CAGR | +10.1% ▲ |
The current 30-yr mortgage rate (6.8%) exceeds the estimated cap rate (2.7%). 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 10128
Population: 59,000
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 10128
Schools in This ZIP Code
Nearby Schools (5 more)
Schools in adjacent ZIP codes that may serve this area
DEMOCRACY PREP ENDURANCE CHARTER SCHOOL
EAST HARLEM SCHOLARS ACADEMY CHARTER SCHOOL II
HARLEM PREP CHARTER SCHOOL
HARLEM VILLAGE ACADEMY EAST CHARTER SCHOOL
OPPORTUNITY 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
Which investment style suits New York, NY?
Investors who focus on careful cash-flow rentals with hands-on management typically do well in New York, NY. The numbers - $1.2M homes against $4,305/mo rents - support that play.
What are home prices like in New York, NY?
New York, NY median home values land near $1.2M. That is reasonable territory for investors looking at $4,305/mo-per-month rentals.
Is New York, NY a good place for real estate investing?
Our data puts New York, NY at 2.0/5 for investability. Home prices of $1.2M and rents around $4,305/mo create a solid backdrop for investor activity.
Does house hacking work in New York, NY?
New York, NY offers a tougher house-hacking opportunity. Small multifamily or rent-by-the-room plays can pair well with the $4,305/mo rent level.
What monthly rent should investors expect in New York, NY?
Investors in New York, NY typically see rents near $4,305/mo per month against $1.2M home values - a solid setup for rental cash flow.
You know 10128 now. You don’t know where it ranks.
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How 10128 ranks in New York-Newark-Jersey City, NY-NJ-PA
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