Real Estate Investing in New York, New York (11004)
Everything the listing leaves out — vacancy, rent trend, cap rate, landlord climate. All free.
Should you buy in 11004 (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.
- Declining values: -3.0% 5-year CAGR — values have moved lower.
- Tenant-protective state: Landlord rating 1.0/5 — slower evictions, more regulations.
What’s happening in New York, NY (11004)?
Click any question — our AI will research it live from the web and show you sources.
Market Analysis: 11004 New York
The 11004 ZIP covers a section of New York that demands careful diligence. Prices near $623K look accessible, but the work to make a deal cash flow is real.
On balance, the numbers look inviting — $623K purchase price, 0.0% nominal cap — the work to hit that pro forma in 11004 is substantial and deserves full respect.
Within NY, ZIP 11004 trails on several market indicators that neighboring Queens County submarkets outperform. The gap is real and healthy enough to shape underwriting.
Who lives in 11004 is part of why the ZIP is priced as it is. The demographic profile requires hands-on management, tight screening, and local knowledge.
Distressed ZIPs reward experience. notable returns are possible in 11004, but they flow to investors who already understand how to operate in soft markets.
Here's what matters if you're considering buying a home in New York:
Property Strategy for 11004
Which property type performs best in this market?
📊 Compare All Property Types →
| Type | Median Value | Est. Rent | Cap Rate | 5yr CAGR | $/Bedroom |
|---|---|---|---|---|---|
| 3BR | $820,437 | $3,830 | 3.4% | +3.0% | $273,479 |
| 4BR | $889,458 | $4,160 | 3.4% | +3.2% | $222,365 |
Market Trends
Home Value History (with trend line)
Rent History (with trend line)
📊 How Does 11004 Compare?
| Metric | 11004 | New York | New York |
|---|---|---|---|
| Home Value | $622,504 | $572,493 | $505,608 |
| 5-Year CAGR | N/A | 1.2% | 6.6% |
| Avg Rent | $3,800 | $3,425 | - |
| Cap Rate | 4.8% | 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 11004 (New York, NY). Anonymous, moderated, never written by AI.
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Property managers serving Queens County
Manage rentals here? List your business →Jili Property Management specializes in boutique communities and new development, managing condominiums, cooperatives, and other assets. summary from their website
Paradigm Property Management specializes in multifamily and association property management in the Greater Cincinnati/Northern Kentucky areas. summary from their website
Premier Property Management, Inc. provides residential, commercial, and storage facility property management services in SW Washington, including Clark County. summary from their website
Listings are shown for convenience — Repit doesn’t endorse or vet these companies. Ratings shown come only from email-verified visitors.
📊 Market Snapshot
| Home Value | $622,504 |
| Monthly Rent | $3,800 |
| Price-to-Rent | 13.7:1 |
| 1% Rule | ✗ Fails |
💰 Return Metrics
| Gross Yield | 7.3% |
| Cap Rate | 4.8% |
| 5-Year IRR | 1.8% |
📈 Home Appreciation
| 1-Year | +3.9% ▲ |
| 3-Year CAGR | +0.9% ▲ |
| 5-Year CAGR | -3.0% ▼ |
| 10-Year CAGR | +0.3% ▲ |
🏠 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 (4.8%). 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 11004
Population: 14,296
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 11004
Schools in This ZIP Code
Nearby Schools (5 more)
Schools in adjacent ZIP codes that may serve this area
GARDEN CITY PARK SCHOOL
GREAT NECK SOUTH MIDDLE SCHOOL
DENTON AVENUE SCHOOL
HILLSIDE GRADE SCHOOL
JOHN LEWIS CHILDS SCHOOL
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 landlord-friendly?
NY law tenant-protective for landlords, and New York inherits those rules. Investors should still review local ordinances for rental licensing.
How deep is the rental pool in New York, NY?
Expect a solid tenant pool in New York, NY. The rental market absorbs $3,800/mo rents without meaningful friction.
What kind of market is New York, NY for investors?
Investors tracking New York, NY will find a 3.0/5 rating supported by $623K median home values and $3,800/mo rents. That profile suits long-term holders targeting stable returns.
How viable is house hacking in New York, NY?
The house hack math a challenging in New York, NY. Owner-occupant buyers benefit from the $3,800/mo rents and $623K home values.
Are homes affordable in New York, NY?
New York, NY median home values land near $623K. That is reasonable territory for investors looking at $3,800/mo-per-month rentals.
You know 11004 now. You don’t know where it ranks.
This page stays free — all of it. What one page can’t tell you is how 11004 compares to every other market. Investor ($19/mo) screens every U.S. ZIP by cap rate, the 1% rule, vacancy and landlord climate, and exports your shortlist.
How 11004 ranks in New York-Newark-Jersey City, NY-NJ-PA
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