Real Estate Investing in New York, New York (11234)
Everything the listing leaves out — vacancy, rent trend, cap rate, landlord climate. All free.
Should you buy in 11234 (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.
- High price-to-rent: Price-to-rent ratio 25.7 — hard to cash-flow at these prices.
What’s happening in New York, NY (11234)?
Click any question — our AI will research it live from the web and show you sources.
Market Analysis: 11234 New York
The 11234 ZIP covers a section of New York that demands careful diligence. Prices near $793K look accessible, but the work to make a deal cash flow is real.
Rent of $2,576/mo on a $793K basis reads well until vacancy, delinquency, and capex enter the model. The honest cap rate in 11234 sits below the stated 0.0% once reality is priced in.
ZIP 11234's metrics run below Kings County's averages on price growth and tenant stability. Investors who ignore that regional gap tend to relearn it the hard way.
Who lives in 11234 is part of why the ZIP is priced as it is. The demographic profile requires hands-on management, tight screening, and local knowledge.
tilts toward the ZIP is not uninvestable, but it is unforgiving. Section 8 landlords, local operators, and specialized value-add funds are the investor types that tend to succeed.
Here's what matters if you're considering buying a home in New York:
Property Strategy for 11234
Which property type performs best in this market?
📊 Compare All Property Types →
| Type | Median Value | Est. Rent | Cap Rate | 5yr CAGR | $/Bedroom |
|---|---|---|---|---|---|
| 1BR | $270,545 | $2,650 | 7.1% | -1.4% | $270,545 |
| 2BR | $575,732 | $2,900 | 3.6% | +3.4% | $287,866 |
| 3BR | $793,402 | $3,630 | 3.3% | +3.2% | $264,467 |
| 4BR | $974,215 | $3,950 | 2.9% | +3.0% | $243,554 |
| 5BR | $1,136,398 | — | — | +2.9% | $227,280 |
Market Trends
Home Value History (with trend line)
Rent History (with trend line)
📊 How Does 11234 Compare?
| Metric | 11234 | New York | New York |
|---|---|---|---|
| Home Value | $793,022 | $572,493 | $505,608 |
| 5-Year CAGR | 3.0% | 1.2% | 6.6% |
| Avg Rent | $2,576 | $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 11234 (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 | $793,022 |
| Monthly Rent | $2,576 |
| Price-to-Rent | 25.7:1 |
| 1% Rule | ✗ Fails |
💰 Return Metrics
| Gross Yield | 3.9% |
| Cap Rate | 2.5% |
| 5-Year IRR | 5.5% |
📈 Home Appreciation
| 1-Year | +4.7% ▲ |
| 3-Year CAGR | +3.3% ▲ |
| 5-Year CAGR | +3.0% ▲ |
| 10-Year CAGR | +4.3% ▲ |
🏠 Rent Trends
| 1-Year | -5.8% ▼ |
| 3-Year CAGR | N/A |
| 5-Year CAGR | N/A |
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 11234
Population: 87,778
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 11234
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
Investor Insight: With 1,239 students living off-campus nearby, this area has strong rental demand from the college population.
Frequently Asked Questions
What are home prices like in New York, NY?
Typical homes in New York, NY go for around $793K. The 5-year CAGR of 0.0% steady price movement.
How high is vacancy risk in New York, NY?
New York, NY vacancy trends elevated. Investors running standard buy-and-hold plays see reasonable downtime between tenants.
What type of investing works in New York, NY?
New York, NY investors pursuing careful cash-flow rentals with hands-on management. The underlying economics ($793K prices, $2,576/mo rents) make it a reasonable choice.
Is house hacking profitable in New York, NY?
House hacking in New York, NY is a challenging. With home values around $793K and rents at $2,576/mo, owner-occupants can offset a meaningful share of PITI.
Is New York, NY landlord-friendly?
Rental owners in New York, NY deal with a tenant-protective legal framework. Most standard eviction processes run on reasonable timelines.
You know 11234 now. You don’t know where it ranks.
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How 11234 ranks in New York-Newark-Jersey City, NY-NJ-PA
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