Real Estate Investing in New York, New York (11233)
Everything the listing leaves out — vacancy, rent trend, cap rate, landlord climate. All free.
Should you buy in 11233 (New York, NY)? Our answer, based on the numbers below.
Proceed carefully. Weak appreciation or affordability makes this a harder case for most buyers.
A middle-of-the-road market. Workable, but the best opportunities may be nearby ZIPs rather than this one.
- Tenant-protective state: Landlord rating 1.0/5 — slower evictions, more regulations.
- Elevated poverty: 20.0% poverty rate — can affect rent collection.
- High price-to-rent: Price-to-rent ratio 26.2 — hard to cash-flow at these prices.
What’s happening in New York, NY (11233)?
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Market Analysis: 11233 New York
The 11233 ZIP in New York, NY is a local-operator market. Outside capital chasing a $1.0M entry has to pair deep knowledge with the discount.
Distressed does not mean uninvestable. It means the margin for error is thinner. ZIP 11233 rewards the prepared, punishes the overconfident, and leaves the math unchanged either way.
In the broader NY picture, 11233 is a reminder that not every low-priced ZIP is a value-add opportunity — some are simply distressed, and the difference matters.
The 11233 ZIP's population of 82,711 has faced economic pressure over the last decade. That pressure shows up in rent delinquency patterns that records the need for careful underwriting.
The 11233 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 11233
Which property type performs best in this market?
📊 Compare All Property Types →
| Type | Median Value | Est. Rent | Cap Rate | 5yr CAGR | $/Bedroom |
|---|---|---|---|---|---|
| 1BR | $624,364 | $2,490 | 2.9% | +1.4% | $624,364 |
| 2BR | $817,725 | $2,730 | 2.4% | +1.9% | $408,862 |
| 3BR | $1,043,176 | $3,420 | 2.4% | +5.0% | $347,725 |
| 4BR | $1,372,215 | $3,710 | 1.9% | +0.5% | $343,054 |
| 5BR | $1,551,550 | — | — | +2.6% | $310,310 |
Market Trends
Home Value History (with trend line)
Rent History (with trend line)
📊 How Does 11233 Compare?
| Metric | 11233 | New York | New York |
|---|---|---|---|
| Home Value | $1,031,541 | $572,493 | $505,608 |
| 5-Year CAGR | 3.8% | 1.2% | 6.6% |
| Avg Rent | $3,282 | $3,425 | - |
| Cap Rate | 2.5% | 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 11233 (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 | $1,031,541 |
| Monthly Rent | $3,282 |
| Price-to-Rent | 26.2:1 |
| 1% Rule | ✗ Fails |
💰 Return Metrics
| Gross Yield | 3.8% |
| Cap Rate | 2.5% |
| 5-Year IRR | 6.3% |
📈 Home Appreciation
| 1-Year | +6.7% ▲ |
| 3-Year CAGR | +4.9% ▲ |
| 5-Year CAGR | +3.8% ▲ |
| 10-Year CAGR | +5.5% ▲ |
🏠 Rent Trends
| 1-Year | +4.6% ▲ |
| 3-Year CAGR | +4.5% ▲ |
| 5-Year CAGR | +7.2% ▲ |
The current 30-yr mortgage rate (6.8%) exceeds the estimated cap rate (2.5%). 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 11233
Population: 82,711
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 11233
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
Frequently Asked Questions
How much does a house cost in New York, NY?
Homes in New York, NY typically sell near $1.0M. Prices have moved at a 0.0% 5-year CAGR, which consistent long-term demand.
Is New York, NY a friendly market for rental owners?
For rental operators, New York, NY rates as tenant-protective. The regulatory environment standard buy-and-hold operations.
What is the typical vacancy rate in New York, NY?
Occupancy in New York, NY runs consistent with elevated vacancy. Well-priced units at $3,282/mo lease on reasonable timelines.
What are rental rates like in New York, NY?
Average rent in New York, NY is approximately $3,282/mo per month. Against $1.0M home values that yields a reasonable rent-to-price ratio.
Is the tenant base reliable in New York, NY?
Tenant demand in New York, NY is solid. The local workforce $3,282/mo rents across most rental classes.
You know 11233 now. You don’t know where it ranks.
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How 11233 ranks in New York-Newark-Jersey City, NY-NJ-PA
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