Real Estate Investing in New York, New York (11228)
Everything the listing leaves out — vacancy, rent trend, cap rate, landlord climate. All free.
Should you buy in 11228 (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.
- Tenant-protective state: Landlord rating 1.0/5 — slower evictions, more regulations.
- High price-to-rent: Price-to-rent ratio 35.2 — hard to cash-flow at these prices.
What’s happening in New York, NY (11228)?
Click any question — our AI will research it live from the web and show you sources.
Market Analysis: 11228 New York
ZIP 11228 inside Kings County looks affordable on the surface — median value of $1.2M — but the discount exists for reasons that a careful buyer should understand before committing.
For an experienced owner, 11228 can be a a viable market for hunting ground — but the discount at $1.2M reflects genuine risk that outside investors often underestimate.
Stepping back, 11228 offers a low basis, the region around New York has moved on in ways that the ZIP itself has not fully absorbed. The result is a discount with genuine reasons.
Resident income in 11228 sits below the county median. That reality colors rent collection, vacancy, and reinvestment math in ways that outside investors often underestimate.
The 11228 ZIP fits a narrow investor profile — hands-on, patient, and willing to accept that the cap rate on paper is not the cap rate in reality.
Here's what matters if you're considering buying a home in New York:
Property Strategy for 11228
Which property type performs best in this market?
📊 Compare All Property Types →
| Type | Median Value | Est. Rent | Cap Rate | 5yr CAGR | $/Bedroom |
|---|---|---|---|---|---|
| 1BR | $422,731 | $2,550 | 4.3% | — | $422,731 |
| 2BR | $840,707 | $2,800 | 2.4% | +1.6% | $420,354 |
| 3BR | $1,157,280 | $3,510 | 2.2% | +3.5% | $385,760 |
Market Trends
Home Value History (with trend line)
Rent History (with trend line)
📊 How Does 11228 Compare?
| Metric | 11228 | New York | New York |
|---|---|---|---|
| Home Value | $1,212,115 | $572,493 | $505,608 |
| 5-Year CAGR | 3.8% | 1.2% | 6.6% |
| Avg Rent | $2,871 | $3,425 | - |
| Cap Rate | 1.9% | 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 11228 (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 | $1,212,115 |
| Monthly Rent | $2,871 |
| Price-to-Rent | 35.2:1 |
| 1% Rule | ✗ Fails |
💰 Return Metrics
| Gross Yield | 2.8% |
| Cap Rate | 1.9% |
| 5-Year IRR | 5.7% |
📈 Home Appreciation
| 1-Year | +5.6% ▲ |
| 3-Year CAGR | +3.7% ▲ |
| 5-Year CAGR | +3.8% ▲ |
| 10-Year CAGR | +3.6% ▲ |
🏠 Rent Trends
| 1-Year | -0.1% ▼ |
| 3-Year CAGR | +9.7% ▲ |
| 5-Year CAGR | +9.7% ▲ |
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 11228
Population: 42,325
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 11228
Schools in This ZIP Code
Nearby Schools (5 more)
Schools in adjacent ZIP codes that may serve this area
LEEP DUAL LANGUAGE ACADEMY CHARTER SCHOOL
BROOKLYN PROSPECT CHARTER SCHOOL - CSD 15.2
BROOKLYN DREAMS CHARTER SCHOOL
HEBREW LANGUAGE ACADEMY CHARTER SCHOOL 2
ACADEMY OF TALENTED SCHOLARS (THE)
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
What is the average monthly rent in New York, NY?
Investors in New York, NY typically see rents near $2,871/mo per month against $1.2M home values - a solid setup for rental cash flow.
How should investors approach New York, NY?
A careful cash-flow rentals with hands-on management strategy New York, NY best. The market produces steady results for that approach at the $1.2M price point.
Where do home prices stand in New York, NY?
Expect median prices around $1.2M in New York, NY. The market has run at a 0.0% 5-year CAGR, so entry costs have been consistent.
Are eviction rules reasonable in New York, NY?
New York, NY operates under NY law, which is tenant-protective overall for landlords. Expect predictable treatment in typical lease and eviction cases.
What is the renter demographic in New York, NY?
The renter base in New York, NY is reasonable for the $2,871/mo price point. Screening well and pricing to market typically yields even-keeled tenants.
You know 11228 now. You don’t know where it ranks.
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How 11228 ranks in New York-Newark-Jersey City, NY-NJ-PA
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