Real Estate Investing in New York, New York (10451)
Everything the listing leaves out — vacancy, rent trend, cap rate, landlord climate. All free.
Should you buy in 10451 (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.
- Tenant-protective state: Landlord rating 1.0/5 — slower evictions, more regulations.
- Elevated poverty: 34.2% poverty rate — can affect rent collection.
- Lower household income: $34,316 median — tenant affordability is tighter.
What’s happening in New York, NY (10451)?
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Market Analysis: 10451 New York
Put differently, ZIP 10451 has challenges — vacancy pressure, softer price growth, and tenant stability concerns sit alongside the $339K median. It rewards specialists, not generalists.
The 10451 ZIP can work — but only with a tight operating hand. Remote landlords and passive investors tend to struggle here more than the underwriting suggests.
On balance, 10451 offers a low basis, the region around New York has moved on in ways that the ZIP itself has not fully absorbed. The result is a discount with genuine reasons.
Who lives in 10451 is part of why the ZIP is priced as it is. The demographic profile requires hands-on management, tight screening, and local knowledge.
looks to the ZIP is not uninvestable, but it is unforgiving. Section 8 landlords, local operators, and specialized value-add funds are the investor types that tend to succeed.
Here's what matters if you're considering buying a home in New York:
Property Strategy for 10451
Which property type performs best in this market?
📊 Compare All Property Types →
| Type | Median Value | Est. Rent | Cap Rate | 5yr CAGR | $/Bedroom |
|---|---|---|---|---|---|
| 1BR | $284,860 | $2,260 | 5.7% | +0.1% | $284,860 |
| 2BR | $354,269 | $2,510 | 5.1% | +0.6% | $177,134 |
Market Trends
Home Value History (with trend line)
Rent History (with trend line)
📊 How Does 10451 Compare?
| Metric | 10451 | New York | New York |
|---|---|---|---|
| Home Value | $338,618 | $572,493 | $505,608 |
| 5-Year CAGR | N/A | 1.2% | 6.6% |
| Avg Rent | $2,985 | $3,425 | - |
| Cap Rate | 6.9% | 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 10451 (New York, NY). Anonymous, moderated, never written by AI.
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📊 Market Snapshot
| Home Value | $338,618 |
| Monthly Rent | $2,985 |
| Price-to-Rent | 9.5:1 |
| 1% Rule | ✗ Fails |
💰 Return Metrics
| Gross Yield | 10.6% |
| Cap Rate | 6.9% |
| 5-Year IRR | 6.6% |
📈 Home Appreciation
| 1-Year | +3.1% ▲ |
| 3-Year CAGR | -0.3% ▼ |
| 5-Year CAGR | N/A |
| 10-Year CAGR | N/A |
🏠 Rent Trends
| 1-Year | +2.7% ▲ |
| 3-Year CAGR | -1.6% ▼ |
| 5-Year CAGR | N/A |
The current 30-yr mortgage rate (6.8%) is close to the estimated cap rate (6.9%). Financing this market at current rates produces a cash-on-cash return near the cap rate. Appreciation and tax benefits may still support the investment.
⚠️ Risk Signals
Composite view of factors that can impact a ZIP's stability and your downside risk.
Demographics in 10451
Population: 48,975
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 10451
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
Frequently Asked Questions
Is New York, NY a good market for buy-and-hold investors?
New York, NY rates 3.0/5 for investability. With median values at $339K and rents near $2,985/mo, the market offers reasonable fundamentals for rental investors.
Are rents high in New York, NY?
Average rent in New York, NY is approximately $2,985/mo per month. Against $339K home values that yields a reasonable rent-to-price ratio.
Is New York, NY landlord-friendly?
The landlord environment in New York, NY is tenant-protective. Statewide rules shape most day-to-day operations for rental owners.
Which real estate strategy fits 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 high is vacancy risk in New York, NY?
Vacancy in New York, NY is elevated, which keeps landlord downtime on reasonable timelines. Most properties lease within the standard window at $2,985/mo.
You know 10451 now. You don’t know where it ranks.
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How 10451 ranks in New York-Newark-Jersey City, NY-NJ-PA
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Community Ratings
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