Real Estate Investing in New York, New York (11104)
Everything the listing leaves out — vacancy, rent trend, cap rate, landlord climate. All free.
Should you buy in 11104 (New York, NY)? Our answer, based on the numbers below.
Multiple negative signals. Better options likely exist nearby.
A cash-flow market — rent-to-price math works from day one, though value growth is modest. Great for income-focused investors.
- Declining values: -7.3% 5-year CAGR — values have moved lower.
- Elevated vacancy: 8.6% vacancy may signal weakening demand.
- 1-year downturn: Values declined 3.2% in the last year.
- Tenant-protective state: Landlord rating 1.0/5 — slower evictions, more regulations.
What’s happening in New York, NY (11104)?
Click any question — our AI will research it live from the web and show you sources.
Market Analysis: 11104 New York
Looking more closely, ZIP 11104 has challenges — vacancy pressure, softer price growth, and tenant stability concerns sit alongside the $533K median. It rewards specialists, not generalists.
If the plan assumes clean turnover, on-time rent, and low maintenance on a $533K asset, 11104 is the wrong submarket. If the plan prices in friction, the yield can still work.
Statewide comparisons place 11104 among NY's softer markets. That context does not make the ZIP uninvestable, but it does raise the bar for due diligence.
Demographically, 11104 is a market where tenant selection matters more than unit finishes. Operators who understand that tend to do fine; those who do not tend to learn why the ZIP trades at a discount.
Experienced landlords with local relationships tend to find 11104 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 11104
Which property type performs best in this market?
📊 Compare All Property Types →
| Type | Median Value | Est. Rent | Cap Rate | 5yr CAGR | $/Bedroom |
|---|---|---|---|---|---|
| 1BR | $439,986 | $2,940 | 4.8% | +1.5% | $439,986 |
| 2BR | $663,858 | $3,220 | 3.5% | +4.5% | $331,929 |
Market Trends
Home Value History (with trend line)
Rent History (with trend line)
📊 How Does 11104 Compare?
| Metric | 11104 | New York | New York |
|---|---|---|---|
| Home Value | $532,541 | $572,493 | $505,608 |
| 5-Year CAGR | N/A | 1.2% | 6.6% |
| Avg Rent | $2,833 | $3,425 | - |
| Cap Rate | 4.2% | 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 11104 (New York, NY). Anonymous, moderated, never written by AI.
Do you own or manage rentals in ZIP 11104 (New York, NY)?
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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 | $532,541 |
| Monthly Rent | $2,833 |
| Price-to-Rent | 15.7:1 |
| 1% Rule | ✗ Fails |
💰 Return Metrics
| Gross Yield | 6.4% |
| Cap Rate | 4.2% |
| 5-Year IRR | N/A |
📈 Home Appreciation
| 1-Year | -3.2% ▼ |
| 3-Year CAGR | -5.9% ▼ |
| 5-Year CAGR | -7.3% ▼ |
| 10-Year CAGR | -2.7% ▼ |
🏠 Rent Trends
| 1-Year | -3.8% ▼ |
| 3-Year CAGR | +4.6% ▲ |
| 5-Year CAGR | +7.4% ▲ |
The current 30-yr mortgage rate (6.8%) exceeds the estimated cap rate (4.2%). 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 11104
Population: 26,825
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 11104
Schools in This ZIP Code
Nearby Schools (5 more)
Schools in adjacent ZIP codes that may serve this area
GROWING UP GREEN CHARTER SCHOOL
WILLIAMSBURG COLLEGIATE CHARTER SCHOOL
ELM COMMUNITY CHARTER SCHOOL
OUR WORLD NEIGHBORHOOD CHARTER SCHOOL
VOICE CHARTER SCHOOL OF NEW YORK
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 923 students living off-campus nearby, this area has strong rental demand from the college population.
Frequently Asked Questions
How much rent can I charge in New York, NY?
The typical rental in New York, NY commands about $2,833/mo monthly. That rent profile predictable cash flow against the $533K purchase basis.
What are vacancy rates like in New York, NY?
Expect elevated vacancy in New York, NY. Rents at $2,833/mo are absorbed by the tenant base without meaningful lag.
Is New York, NY a good market for buy-and-hold investors?
With a 3.0/5 investability score, New York, NY ranks as a solid market for rental property investors. Median prices of $533K and rents of $2,833/mo drive the underlying numbers.
Where do home prices stand in New York, NY?
In New York, NY the median home value sits at $533K. Against the broader NY market, that reads as reasonable for most investors.
What is the tenant pool like in New York, NY?
Tenant quality in New York, NY ranks as solid. Landlords generally report consistent occupancy at market rents of $2,833/mo.
You know 11104 now. You don’t know where it ranks.
This page stays free — all of it. What one page can’t tell you is how 11104 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 11104 ranks in New York-Newark-Jersey City, NY-NJ-PA
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