Real Estate Investing in New York, New York (10459)
Everything the listing leaves out — vacancy, rent trend, cap rate, landlord climate. All free.
Should you buy in 10459 (New York, NY)? Our answer, based on the numbers below.
Mixed — home prices are stretched relative to local incomes. Run the math on your specific situation.
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: 24.7% poverty rate — can affect rent collection.
- Higher unemployment: 8.4% unemployment — tenant risk signal.
What’s happening in New York, NY (10459)?
Click any question — our AI will research it live from the web and show you sources.
Market Analysis: 10459 New York
Looking more closely, ZIP 10459 has challenges — vacancy pressure, softer price growth, and tenant stability concerns sit alongside the $525K median. It rewards specialists, not generalists.
The 10459 ZIP can work — but only with a tight operating hand. Remote landlords and passive investors tend to struggle here more than the underwriting suggests.
In practical terms, 10459 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.
A impressive renter share of 87% in 10459 is not, on its own, a problem — but paired with below-average income and high mobility, it changes the operating playbook.
seems 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:
Market Trends
Home Value History (with trend line)
Rent History (with trend line)
📊 How Does 10459 Compare?
| Metric | 10459 | New York | New York |
|---|---|---|---|
| Home Value | $524,818 | $572,493 | $505,608 |
| 5-Year CAGR | 4.2% | 1.2% | 6.6% |
| Avg Rent | $3,045 | $3,425 | - |
| Cap Rate | 4.5% | 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 10459 (New York, NY). Anonymous, moderated, never written by AI.
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📊 Market Snapshot
| Home Value | $524,818 |
| Monthly Rent | $3,045 |
| Price-to-Rent | 14.4:1 |
| 1% Rule | ✗ Fails |
💰 Return Metrics
| Gross Yield | 7.0% |
| Cap Rate | 4.5% |
| 5-Year IRR | 8.7% |
📈 Home Appreciation
| 1-Year | +6.2% ▲ |
| 3-Year CAGR | +4.9% ▲ |
| 5-Year CAGR | +4.2% ▲ |
| 10-Year CAGR | +5.4% ▲ |
🏠 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 (4.5%). 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 10459
Population: 49,753
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 10459
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 763 students living off-campus nearby, this area has strong rental demand from the college population.
Frequently Asked Questions
Is vacancy a concern in New York, NY?
Expect elevated vacancy in New York, NY. Rents at $3,045/mo are absorbed by the tenant base without meaningful lag.
What is the average home sale price in New York, NY?
Expect median prices around $525K in New York, NY. The market has run at a 0.0% 5-year CAGR, so entry costs have been steady.
How strong are rents in New York, NY?
Investors in New York, NY typically see rents near $3,045/mo per month against $525K home values - a solid setup for rental cash flow.
Does house hacking make sense in New York, NY?
House hacking in New York, NY is reasonable to execute. Prices around $525K and rents of $3,045/mo solid owner-occupant economics.
Does New York, NY make sense for an investment property?
With a 3.0/5 investability score, New York, NY ranks as a solid market for rental property investors. Median prices of $525K and rents of $3,045/mo drive the underlying numbers.
You know 10459 now. You don’t know where it ranks.
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How 10459 ranks in New York-Newark-Jersey City, NY-NJ-PA
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