Real Estate Investing in New York, New York (11223)
Everything the listing leaves out — vacancy, rent trend, cap rate, landlord climate. All free.
Should you buy in 11223 (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.
- Elevated vacancy: 8.2% vacancy may signal weakening demand.
- Tenant-protective state: Landlord rating 1.0/5 — slower evictions, more regulations.
- High price-to-rent: Price-to-rent ratio 34.8 — hard to cash-flow at these prices.
What’s happening in New York, NY (11223)?
Click any question — our AI will research it live from the web and show you sources.
Market Analysis: 11223 New York
ZIP 11223 inside Kings County looks affordable on the surface — median value of $1.1M — but the discount exists for reasons that a careful buyer should understand before committing.
If the plan assumes clean turnover, on-time rent, and low maintenance on a $1.1M asset, 11223 is the wrong submarket. If the plan prices in friction, the yield can still work.
The gap between 11223 and stronger New York ZIPs is not closing quickly. Investors should weight long-horizon assumptions accordingly.
The demographic picture in 11223 includes headwinds that any investor should price in. Income distribution skews lower than New York averages, and tenant stability requires active management.
Experienced landlords with local relationships tend to find 11223 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 11223
Which property type performs best in this market?
📊 Compare All Property Types →
| Type | Median Value | Est. Rent | Cap Rate | 5yr CAGR | $/Bedroom |
|---|---|---|---|---|---|
| 1BR | $325,071 | $2,630 | 5.8% | 0.0% | $325,071 |
| 2BR | $653,149 | $2,880 | 3.2% | +1.8% | $326,575 |
| 3BR | $1,028,623 | $3,610 | 2.5% | +3.4% | $342,874 |
Market Trends
Home Value History (with trend line)
Rent History (with trend line)
📊 How Does 11223 Compare?
| Metric | 11223 | New York | New York |
|---|---|---|---|
| Home Value | $1,102,835 | $572,493 | $505,608 |
| 5-Year CAGR | 3.8% | 1.2% | 6.6% |
| Avg Rent | $2,644 | $3,425 | - |
| Cap Rate | 1.9% | 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 11223 (New York, NY). Anonymous, moderated, never written by AI.
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Property managers serving Kings County
Manage rentals here? List your business →CASE provides debt restructuring advisory and investment services. summary from their website
Good Peoples Property Management provides property management services. summary from their website
Leiter Management offers comprehensive property management solutions. 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 | $1,102,835 |
| Monthly Rent | $2,644 |
| Price-to-Rent | 34.8:1 |
| 1% Rule | ✗ Fails |
💰 Return Metrics
| Gross Yield | 2.9% |
| Cap Rate | 1.9% |
| 5-Year IRR | 5.6% |
📈 Home Appreciation
| 1-Year | +6.4% ▲ |
| 3-Year CAGR | +4.0% ▲ |
| 5-Year CAGR | +3.8% ▲ |
| 10-Year CAGR | +4.0% ▲ |
🏠 Rent Trends
| 1-Year | +9.2% ▲ |
| 3-Year CAGR | +7.6% ▲ |
| 5-Year CAGR | +7.9% ▲ |
The current 30-yr mortgage rate (6.8%) exceeds the estimated cap rate (1.9%). 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 11223
Population: 78,566
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 11223
Schools in This ZIP Code
Nearby Schools (5 more)
Schools in adjacent ZIP codes that may serve this area
NEW VISIONS CHTR HS-ADV MA/SCI III
BROOKLYN DREAMS CHARTER SCHOOL
URBAN DOVE TEAM CHARTER SCHOOL
CONEY ISLAND PREPARATORY PUBLIC CHARTER SCHOOL
ANDRIES HUDDE
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 in NY worth investing in?
Our data puts New York, NY at 2.0/5 for investability. Home prices of $1.1M and rents around $2,644/mo create a solid backdrop for investor activity.
What price range are homes in New York, NY?
Median home price in New York, NY is near $1.1M, with a 5-year CAGR of 0.0%. Prices have been measured and supportive of buy-and-hold strategies.
How much rent can I charge in New York, NY?
Rents in New York, NY run near $2,644/mo. Compared with median home prices of $1.1M that produces solid gross yields for typical rentals.
Is NY a landlord-friendly state?
The landlord environment in New York, NY is tenant-protective. Statewide rules shape most day-to-day operations for rental owners.
What are vacancy rates like in New York, NY?
Vacancy in New York, NY is elevated, which keeps landlord downtime on reasonable timelines. Most properties lease within the standard window at $2,644/mo.
You know 11223 now. You don’t know where it ranks.
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How 11223 ranks in New York-Newark-Jersey City, NY-NJ-PA
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