Real Estate Investing in New York, New York (10462)
Everything the listing leaves out — vacancy, rent trend, cap rate, landlord climate. All free.
Should you buy in 10462 (New York, NY)? Our answer, based on the numbers below.
Solid choice — stable market with a reasonable entry point and good rental backup if you ever need to move.
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.
What’s happening in New York, NY (10462)?
Click any question — our AI will research it live from the web and show you sources.
Market Analysis: 10462 New York
Put differently, ZIP 10462 has challenges — vacancy pressure, softer price growth, and tenant stability concerns sit alongside the $255K median. It rewards specialists, not generalists.
Put differently, the numbers look inviting — $255K purchase price, 0.0% nominal cap — the work to hit that pro forma in 10462 is substantial and deserves full respect.
In practical terms, 10462 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 10462 is part of why the ZIP is priced as it is. The demographic profile requires hands-on management, tight screening, and local knowledge.
Experienced landlords with local relationships tend to find 10462 workable. Turnkey investors from out of state usually find the numbers do not hold up in practice.
Here's what matters if you're considering buying a home in New York:
Property Strategy for 10462
Which property type performs best in this market?
📊 Compare All Property Types →
| Type | Median Value | Est. Rent | Cap Rate | 5yr CAGR | $/Bedroom |
|---|---|---|---|---|---|
| 1BR | $217,790 | $2,600 | 8.6% | +3.5% | $217,790 |
| 2BR | $277,853 | $2,850 | 7.4% | +3.5% | $138,926 |
| 3BR | $604,990 | $3,570 | 4.2% | +6.9% | $201,663 |
Market Trends
Home Value History (with trend line)
Rent History (with trend line)
📊 How Does 10462 Compare?
| Metric | 10462 | New York | New York |
|---|---|---|---|
| Home Value | $254,850 | $572,493 | $505,608 |
| 5-Year CAGR | 2.6% | 1.2% | 6.6% |
| Avg Rent | $2,544 | $3,425 | - |
| Cap Rate | 7.8% | 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 10462 (New York, NY). Anonymous, moderated, never written by AI.
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📊 Market Snapshot
| Home Value | $254,850 |
| Monthly Rent | $2,544 |
| Price-to-Rent | 8.4:1 |
| 1% Rule | ✗ Fails |
💰 Return Metrics
| Gross Yield | 12.0% |
| Cap Rate | 7.8% |
| 5-Year IRR | 10.3% |
📈 Home Appreciation
| 1-Year | +8.1% ▲ |
| 3-Year CAGR | +7.2% ▲ |
| 5-Year CAGR | +2.6% ▲ |
| 10-Year CAGR | +7.0% ▲ |
🏠 Rent Trends
| 1-Year | -2.6% ▼ |
| 3-Year CAGR | +5.9% ▲ |
| 5-Year CAGR | +7.7% ▲ |
The estimated cap rate (7.8%) exceeds the current 30-yr mortgage rate (6.8%). When borrowing costs less than a property yields, leverage can increase your cash-on-cash return above the cap rate.
⚠️ Risk Signals
Composite view of factors that can impact a ZIP's stability and your downside risk.
Demographics in 10462
Population: 75,452
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 10462
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
Investor Insight: With 574 students living off-campus nearby, this area has strong rental demand from the college population.
Frequently Asked Questions
What are vacancy rates like in New York, NY?
Rental vacancy in New York, NY is elevated. Investors should budget normal turnover but not chronic empty units.
How landlord-friendly is New York, NY?
New York, NY falls under NY landlord-tenant law, which is tenant-protective. That backdrop makes day-to-day property management reasonable.
What are rental rates like in New York, NY?
Rent in New York, NY is around $2,544/mo. The resulting rent-to-value relationship with $255K pricing is reasonable for most investor models.
How viable is house hacking in New York, NY?
House hacking works a challenging in New York, NY. Rents of $2,544/mo against $255K acquisition make the strategy solid for owner-occupants.
How does New York, NY stack up for property investment?
New York, NY scores 3.0/5 for investability. Home values sit at $255K and rents near $2,544/mo, which keeps the rent-to-price ratio in reasonable territory for buy-and-hold investors.
You know 10462 now. You don’t know where it ranks.
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How 10462 ranks in New York-Newark-Jersey City, NY-NJ-PA
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