Real Estate Investing in New York, New York (11106)
Everything the listing leaves out — vacancy, rent trend, cap rate, landlord climate. All free.
Should you buy in 11106 (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: 13.5% of homes vacant — above national norms.
- Declining values: -3.8% 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 (11106)?
Click any question — our AI will research it live from the web and show you sources.
Market Analysis: 11106 New York
ZIP 11106 inside Queens County looks affordable on the surface — median value of $683K — but the discount exists for reasons that a careful buyer should understand before committing.
Distressed markets are won on execution, not on spreadsheets. ZIP 11106 clocks in at the profile where tenant screening, deferred maintenance, and local relationships determine the outcome.
The gap between 11106 and stronger New York ZIPs is not closing quickly. Investors should weight long-horizon assumptions accordingly.
The demographic picture in 11106 includes headwinds that any investor should price in. Income distribution skews lower than New York averages, and tenant stability requires active management.
Strategically, 11106 can be a high-return sleeve of a diversified portfolio — but it should not be the whole portfolio, and it should not be someone's first deal.
Here's what matters if you're considering buying a home in New York:
Property Strategy for 11106
Which property type performs best in this market?
📊 Compare All Property Types →
| Type | Median Value | Est. Rent | Cap Rate | 5yr CAGR | $/Bedroom |
|---|---|---|---|---|---|
| 1BR | $611,206 | $3,030 | 3.6% | +4.4% | $611,206 |
| 2BR | $785,814 | $3,320 | 3.0% | +4.1% | $392,907 |
Market Trends
Home Value History (with trend line)
Rent History (with trend line)
📊 How Does 11106 Compare?
| Metric | 11106 | New York | New York |
|---|---|---|---|
| Home Value | $682,812 | $572,493 | $505,608 |
| 5-Year CAGR | N/A | 1.2% | 6.6% |
| Avg Rent | $3,144 | $3,425 | - |
| Cap Rate | 3.6% | 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 11106 (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 | $682,812 |
| Monthly Rent | $3,144 |
| Price-to-Rent | 18.1:1 |
| 1% Rule | ✗ Fails |
💰 Return Metrics
| Gross Yield | 5.5% |
| Cap Rate | 3.6% |
| 5-Year IRR | N/A |
📈 Home Appreciation
| 1-Year | +2.3% ▲ |
| 3-Year CAGR | -1.3% ▼ |
| 5-Year CAGR | -3.8% ▼ |
| 10-Year CAGR | +2.3% ▲ |
🏠 Rent Trends
| 1-Year | +4.2% ▲ |
| 3-Year CAGR | +4.2% ▲ |
| 5-Year CAGR | +6.9% ▲ |
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 11106
Population: 40,657
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 11106
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 923 students living off-campus nearby, this area has strong rental demand from the college population.
Frequently Asked Questions
Is housing expensive in New York, NY?
In New York, NY the median home value sits at $683K. Against the broader NY market, that reads as reasonable for most investors.
How does New York, NY stack up for property investment?
New York, NY rates 2.0/5 for investability. With median values at $683K and rents near $3,144/mo, the market offers reasonable fundamentals for rental investors.
How strong is the working-renter base in New York, NY?
New York, NY draws a consistent base of working renters. Demand at the $3,144/mo rent level is reasonable for standard single-family and small multi rentals.
Do landlords face vacancy issues in New York, NY?
New York, NY sees elevated vacancy, which is reasonable relative to the broader NY rental market.
How strict are landlord regulations in New York, NY?
NY law tenant-protective for landlords, and New York inherits those rules. Investors should still review local ordinances for rental licensing.
You know 11106 now. You don’t know where it ranks.
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How 11106 ranks in New York-Newark-Jersey City, NY-NJ-PA
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