Real Estate Investing in New York, New York (11231)
Everything the listing leaves out — vacancy, rent trend, cap rate, landlord climate. All free.
Should you buy in 11231 (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: 8.1% 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 30.4 — hard to cash-flow at these prices.
What’s happening in New York, NY (11231)?
Click any question — our AI will research it live from the web and show you sources.
Market Analysis: 11231 New York
This part of Kings County is not an easy win. The 11231 ZIP stands at softness in key indicators, and the playbook that works in cleaner markets often stalls here.
The 11231 ZIP can work — but only with a tight operating hand. Remote landlords and passive investors tend to struggle here more than the underwriting suggests.
Within NY, ZIP 11231 trails on several market indicators that neighboring Kings County submarkets outperform. The gap is real and impressive enough to shape underwriting.
The demographic picture in 11231 includes headwinds that any investor should price in. Income distribution skews lower than New York averages, and tenant stability requires active management.
Strategy in 11231 is an operator game, not a passive one. Stepping back, entry prices of $1.8M 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 11231
Which property type performs best in this market?
📊 Compare All Property Types →
| Type | Median Value | Est. Rent | Cap Rate | 5yr CAGR | $/Bedroom |
|---|---|---|---|---|---|
| 1BR | $1,020,268 | $3,990 | 2.8% | +3.4% | $1,020,268 |
| 2BR | $1,413,543 | $4,370 | 2.2% | +3.4% | $706,771 |
| 3BR | $2,283,135 | $5,470 | 1.7% | +2.6% | $761,045 |
Market Trends
Home Value History (with trend line)
Rent History (with trend line)
📊 How Does 11231 Compare?
| Metric | 11231 | New York | New York |
|---|---|---|---|
| Home Value | $1,788,288 | $572,493 | $505,608 |
| 5-Year CAGR | 1.8% | 1.2% | 6.6% |
| Avg Rent | $4,900 | $3,425 | - |
| Cap Rate | 2.1% | 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 11231 (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 | $1,788,288 |
| Monthly Rent | $4,900 |
| Price-to-Rent | 30.4:1 |
| 1% Rule | ✗ Fails |
💰 Return Metrics
| Gross Yield | 3.3% |
| Cap Rate | 2.1% |
| 5-Year IRR | 3.9% |
📈 Home Appreciation
| 1-Year | +5.1% ▲ |
| 3-Year CAGR | +1.0% ▲ |
| 5-Year CAGR | +1.8% ▲ |
| 10-Year CAGR | +0.6% ▲ |
🏠 Rent Trends
| 1-Year | +9.2% ▲ |
| 3-Year CAGR | +6.3% ▲ |
| 5-Year CAGR | +10.4% ▲ |
The current 30-yr mortgage rate (6.8%) exceeds the estimated cap rate (2.1%). 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 11231
Population: 39,704
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 11231
Schools in This ZIP Code
Nearby Schools (5 more)
Schools in adjacent ZIP codes that may serve this area
BROOKLYN PROSPECT CHARTER SCHOOL-CSD 13
BROOKLYN RISE CHARTER SCHOOL
BROOKLYN URBAN GARDEN CHARTER SCHOOL
COMMUNITY PARTNERSHIP CHARTER SCHOOL
COMPASS 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 housing expensive in New York, NY?
Homes in New York, NY typically sell near $1.8M. Prices have moved at a 0.0% 5-year CAGR, which reliable long-term demand.
How strong are rents in New York, NY?
Rents in New York, NY run near $4,900/mo. Compared with median home prices of $1.8M that produces solid gross yields for typical rentals.
Is the tenant base reliable in New York, NY?
New York, NY draws a reliable base of working renters. Demand at the $4,900/mo rent level is reasonable for standard single-family and small multi rentals.
Can owner-occupants cash flow in New York, NY?
The a tougher house-hack environment in New York, NY reflects the rent-to-price spread. Expect meaningful PITI offset at market rents.
Is New York, NY good for landlords?
The landlord environment in New York, NY is tenant-protective. Statewide rules shape most day-to-day operations for rental owners.
You know 11231 now. You don’t know where it ranks.
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How 11231 ranks in New York-Newark-Jersey City, NY-NJ-PA
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