Real Estate Investing in New York, New York (11229)
Everything the listing leaves out — vacancy, rent trend, cap rate, landlord climate. All free.
Should you buy in 11229 (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.
- Flat appreciation: Values have barely moved over 5 years (0.8% CAGR).
- Tenant-protective state: Landlord rating 1.0/5 — slower evictions, more regulations.
What’s happening in New York, NY (11229)?
Click any question — our AI will research it live from the web and show you sources.
Market Analysis: 11229 New York
ZIP 11229 inside Kings County looks affordable on the surface — median value of $781K — but the discount exists for reasons that a careful buyer should understand before committing.
The 11229 ZIP can work — but only with a tight operating hand. Remote landlords and passive investors tend to struggle here more than the underwriting suggests.
The gap between 11229 and stronger New York ZIPs is not closing quickly. Investors should weight long-horizon assumptions accordingly.
A substantial renter share of 52% in 11229 is not, on its own, a problem — but paired with below-average income and high mobility, it changes the operating playbook.
Strategy in 11229 is an operator game, not a passive one. From an investor standpoint, entry prices of $781K 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 11229
Which property type performs best in this market?
📊 Compare All Property Types →
| Type | Median Value | Est. Rent | Cap Rate | 5yr CAGR | $/Bedroom |
|---|---|---|---|---|---|
| 1BR | $290,985 | $2,610 | 6.5% | +1.2% | $290,985 |
| 2BR | $532,218 | $2,860 | 3.9% | +4.3% | $266,109 |
| 3BR | $898,042 | $3,580 | 2.9% | +3.4% | $299,347 |
| 4BR | $1,040,529 | $3,890 | 2.7% | +3.9% | $260,132 |
Market Trends
Home Value History (with trend line)
Rent History (with trend line)
📊 How Does 11229 Compare?
| Metric | 11229 | New York | New York |
|---|---|---|---|
| Home Value | $780,921 | $572,493 | $505,608 |
| 5-Year CAGR | 0.8% | 1.2% | 6.6% |
| Avg Rent | $2,738 | $3,425 | - |
| Cap Rate | 2.7% | 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 11229 (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 | $780,921 |
| Monthly Rent | $2,738 |
| Price-to-Rent | 23.8:1 |
| 1% Rule | ✗ Fails |
💰 Return Metrics
| Gross Yield | 4.2% |
| Cap Rate | 2.7% |
| 5-Year IRR | 3.5% |
📈 Home Appreciation
| 1-Year | +3.4% ▲ |
| 3-Year CAGR | +2.5% ▲ |
| 5-Year CAGR | +0.8% ▲ |
| 10-Year CAGR | +2.5% ▲ |
🏠 Rent Trends
| 1-Year | +14.3% ▲ |
| 3-Year CAGR | +10.8% ▲ |
| 5-Year CAGR | +10.4% ▲ |
The current 30-yr mortgage rate (6.8%) exceeds the estimated cap rate (2.7%). 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 11229
Population: 79,802
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 11229
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
HEBREW LANGUAGE ACADEMY CHARTER SCHOOL 2
URBAN DOVE TEAM CHARTER SCHOOL
CONEY ISLAND PREPARATORY PUBLIC 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
Is New York, NY a good market for buy-and-hold investors?
New York, NY rates 2.0/5 for investability. With median values at $781K and rents near $2,738/mo, the market offers reasonable fundamentals for rental investors.
What is the renter demographic in New York, NY?
Tenant demand in New York, NY is solid. The local workforce $2,738/mo rents across most rental classes.
Are there empty rentals in New York, NY?
Vacancy risk in New York, NY is elevated. That supports stable cash flow for typical rental holds.
How do landlord-tenant laws work in New York, NY?
Landlord-friendliness in New York, NY is tenant-protective. Eviction timelines and lease enforcement are considered reasonable by most property managers.
What is the average monthly rent in New York, NY?
Investors in New York, NY typically see rents near $2,738/mo per month against $781K home values - a solid setup for rental cash flow.
You know 11229 now. You don’t know where it ranks.
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How 11229 ranks in New York-Newark-Jersey City, NY-NJ-PA
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