Real Estate Investing in New York, New York (10473)
Everything the listing leaves out — vacancy, rent trend, cap rate, landlord climate. All free.
Should you buy in 10473 (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.
What’s happening in New York, NY (10473)?
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Market Analysis: 10473 New York
In practical terms, ZIP 10473 has challenges — vacancy pressure, softer price growth, and tenant stability concerns sit alongside the $558K median. It rewards specialists, not generalists.
If the plan assumes clean turnover, on-time rent, and low maintenance on a $558K asset, 10473 is the wrong submarket. If the plan prices in friction, the yield can still work.
Nearby ZIPs in New York have seen price recovery that 10473 has not matched. Bronx County data supports the view that the spread is structural rather than temporary.
The demographic picture in 10473 includes headwinds that any investor should price in. Income distribution skews lower than New York averages, and tenant stability requires active management.
Experienced landlords with local relationships tend to find 10473 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 10473
Which property type performs best in this market?
📊 Compare All Property Types →
| Type | Median Value | Est. Rent | Cap Rate | 5yr CAGR | $/Bedroom |
|---|---|---|---|---|---|
| 2BR | $398,251 | $2,510 | 4.5% | +2.4% | $199,125 |
| 3BR | $583,780 | $3,120 | 3.8% | +3.8% | $194,593 |
Market Trends
Home Value History (with trend line)
Rent History (with trend line)
📊 How Does 10473 Compare?
| Metric | 10473 | New York | New York |
|---|---|---|---|
| Home Value | $558,158 | $572,493 | $505,608 |
| 5-Year CAGR | 3.5% | 1.2% | 6.6% |
| Avg Rent | $2,910 | $3,425 | - |
| Cap Rate | 4.1% | 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 10473 (New York, NY). Anonymous, moderated, never written by AI.
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📊 Market Snapshot
| Home Value | $558,158 |
| Monthly Rent | $2,910 |
| Price-to-Rent | 16.0:1 |
| 1% Rule | ✗ Fails |
💰 Return Metrics
| Gross Yield | 6.3% |
| Cap Rate | 4.1% |
| 5-Year IRR | 7.6% |
📈 Home Appreciation
| 1-Year | +2.4% ▲ |
| 3-Year CAGR | +4.7% ▲ |
| 5-Year CAGR | +3.5% ▲ |
| 10-Year CAGR | +4.4% ▲ |
🏠 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 (4.1%). 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 10473
Population: 59,778
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 10473
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 place for real estate investing?
Yes - New York, NY a 3.0/5 investability score. With $558K home prices against $2,910/mo monthly rent, the market delivers a reasonable entry point for new investors.
Which investment style suits New York, NY?
A careful cash-flow rentals with hands-on management strategy New York, NY best. The market produces steady results for that approach at the $558K price point.
What kind of vacancy should I budget for in New York, NY?
Occupancy in New York, NY runs stable with elevated vacancy. Well-priced units at $2,910/mo lease on reasonable timelines.
Does house hacking make sense in New York, NY?
House hacking works a challenging in New York, NY. Rents of $2,910/mo against $558K acquisition make the strategy solid for owner-occupants.
How much do tenants pay in New York, NY?
Expect rents around $2,910/mo per month in New York, NY. With home values at $558K, the yield math works out to reasonable levels for rental investors.
You know 10473 now. You don’t know where it ranks.
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How 10473 ranks in New York-Newark-Jersey City, NY-NJ-PA
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