Real Estate Investing in New York, New York (11102)
Everything the listing leaves out — vacancy, rent trend, cap rate, landlord climate. All free.
Should you buy in 11102 (New York, NY)? Our answer, based on the numbers below.
Multiple negative signals. Better options likely exist nearby.
Structural challenges here. The numbers may look cheap but operational risk is high. Only for experienced, hands-on investors.
- High vacancy: 37.2% of homes vacant — above national norms.
- Flat appreciation: Values have barely moved over 5 years (1.0% CAGR).
- Tenant-protective state: Landlord rating 1.0/5 — slower evictions, more regulations.
What’s happening in New York, NY (11102)?
Click any question — our AI will research it live from the web and show you sources.
Market Analysis: 11102 New York
This part of Queens County is not an easy win. The 11102 ZIP comes in at softness in key indicators, and the playbook that works in cleaner markets often stalls here.
The 11102 ZIP can work — but only with a tight operating hand. Remote landlords and passive investors tend to struggle here more than the underwriting suggests.
Within NY, ZIP 11102 trails on several market indicators that neighboring Queens County submarkets outperform. The gap is real and solid enough to shape underwriting.
Employment concentration in 11102 leans toward sectors with higher volatility. The demographic consequence is income fluctuation that investors need to factor into their pro forma.
Strategy in 11102 is an operator game, not a passive one. On the rental side, entry prices of $727K are inviting, the management lift is real and non-optional.
Here's what matters if you're considering buying a home in New York:
Property Strategy for 11102
Which property type performs best in this market?
📊 Compare All Property Types →
| Type | Median Value | Est. Rent | Cap Rate | 5yr CAGR | $/Bedroom |
|---|---|---|---|---|---|
| 1BR | $638,346 | $3,530 | 4.0% | -0.2% | $638,346 |
| 2BR | $844,875 | $3,870 | 3.3% | +0.6% | $422,438 |
Market Trends
Home Value History (with trend line)
Rent History (with trend line)
📊 How Does 11102 Compare?
| Metric | 11102 | New York | New York |
|---|---|---|---|
| Home Value | $727,248 | $572,493 | $505,608 |
| 5-Year CAGR | 1.0% | 1.2% | 6.6% |
| Avg Rent | $3,323 | $3,425 | - |
| Cap Rate | 3.6% | 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 11102 (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 | $727,248 |
| Monthly Rent | $3,323 |
| Price-to-Rent | 18.2:1 |
| 1% Rule | ✗ Fails |
💰 Return Metrics
| Gross Yield | 5.5% |
| Cap Rate | 3.6% |
| 5-Year IRR | 4.6% |
📈 Home Appreciation
| 1-Year | +4.2% ▲ |
| 3-Year CAGR | +2.5% ▲ |
| 5-Year CAGR | +1.0% ▲ |
| 10-Year CAGR | +0.3% ▲ |
🏠 Rent Trends
| 1-Year | +4.9% ▲ |
| 3-Year CAGR | +4.4% ▲ |
| 5-Year CAGR | +5.9% ▲ |
The current 30-yr mortgage rate (6.8%) exceeds the estimated cap rate (3.6%). 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 11102
Population: 28,349
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 11102
Schools in This ZIP Code
Nearby Schools (5 more)
Schools in adjacent ZIP codes that may serve this area
AMERICAN DREAM CHARTER SCHOOL
DEMOCRACY PREP ENDURANCE CHARTER SCHOOL
DREAM CHARTER SCHOOL MOTT HAVEN
EAST HARLEM SCHOLARS ACADEMY CHARTER SCHOOL II
GROWING UP GREEN CHARTER 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
How strong is New York, NY for real estate investors?
New York, NY comes in at an investability rating of 2.0/5, with median home values near $727K and average rents around $3,323/mo. That combination puts it in the resilient tier for investor interest.
What kind of vacancy should I budget for in New York, NY?
New York, NY carries elevated vacancy risk. Expect consistent absorption at market rents of $3,323/mo.
How strong is the working-renter base 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.
What is the average home sale price in New York, NY?
The median home value in New York, NY is roughly $727K. That puts it reasonable relative to the NY statewide average.
Are rents high in New York, NY?
The typical rental in New York, NY commands about $3,323/mo monthly. That rent profile steady cash flow against the $727K purchase basis.
You know 11102 now. You don’t know where it ranks.
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How 11102 ranks in New York-Newark-Jersey City, NY-NJ-PA
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