Real Estate Investing in New York, New York (10470)
Everything the listing leaves out — vacancy, rent trend, cap rate, landlord climate. All free.
Should you buy in 10470 (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.
- Tenant-protective state: Landlord rating 1.0/5 — slower evictions, more regulations.
What’s happening in New York, NY (10470)?
Click any question — our AI will research it live from the web and show you sources.
Market Analysis: 10470 New York
Looking more closely, ZIP 10470 has challenges — vacancy pressure, softer price growth, and tenant stability concerns sit alongside the $669K median. It rewards specialists, not generalists.
Distressed does not mean uninvestable. It means the margin for error is thinner. ZIP 10470 rewards the prepared, punishes the overconfident, and leaves the math unchanged either way.
Statewide comparisons place 10470 among NY's softer markets. That context does not make the ZIP uninvestable, but it does raise the bar for due diligence.
The 10470 ZIP's population of 15,558 has faced economic pressure over the last decade. That pressure shows up in rent delinquency patterns that sits at the need for careful underwriting.
Experienced landlords with local relationships tend to find 10470 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:
Market Trends
Home Value History (with trend line)
Rent History (with trend line)
📊 How Does 10470 Compare?
| Metric | 10470 | New York | New York |
|---|---|---|---|
| Home Value | $669,136 | $572,493 | $505,608 |
| 5-Year CAGR | 2.6% | 1.2% | 6.6% |
| Avg Rent | $2,783 | $3,425 | - |
| Cap Rate | 3.2% | 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 10470 (New York, NY). Anonymous, moderated, never written by AI.
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📊 Market Snapshot
| Home Value | $669,136 |
| Monthly Rent | $2,783 |
| Price-to-Rent | 20.0:1 |
| 1% Rule | ✗ Fails |
💰 Return Metrics
| Gross Yield | 5.0% |
| Cap Rate | 3.2% |
| 5-Year IRR | 5.8% |
📈 Home Appreciation
| 1-Year | +10.1% ▲ |
| 3-Year CAGR | +6.1% ▲ |
| 5-Year CAGR | +2.6% ▲ |
| 10-Year CAGR | +3.5% ▲ |
🏠 Rent Trends
| 1-Year | N/A |
| 3-Year CAGR | N/A |
| 5-Year CAGR | N/A |
The current 30-yr mortgage rate (6.8%) exceeds the estimated cap rate (3.2%). 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 10470
Population: 15,558
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 10470
Schools in This ZIP Code
Nearby Schools (5 more)
Schools in adjacent ZIP codes that may serve this area
BENJAMIN TURNER MIDDLE SCHOOL
DENZEL WASHINGTON SCHOOL-ARTS
GRIMES SCHOOL
HAMILTON SCHOOL
MOUNT VERNON HONOR ACADEMY
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 quickly do rentals get leased in New York, NY?
Vacancy risk in New York, NY is elevated. That supports measured cash flow for typical rental holds.
Should investors consider New York, NY?
With a 3.0/5 investability score, New York, NY ranks as a solid market for rental property investors. Median prices of $669K and rents of $2,783/mo drive the underlying numbers.
How strong is tenant demand in New York, NY?
Working renters make up the core of the New York, NY tenant base. The pool is reasonable for investors targeting long-term holds.
How do landlord-tenant laws work in New York, NY?
NY law tenant-protective for landlords, and New York inherits those rules. Investors should still review local ordinances for rental licensing.
How expensive is real estate in New York, NY?
Median home price in New York, NY is near $669K, with a 5-year CAGR of 0.0%. Prices have been consistent and supportive of buy-and-hold strategies.
You know 10470 now. You don’t know where it ranks.
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How 10470 ranks in New York-Newark-Jersey City, NY-NJ-PA
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