Real Estate Investing in New York, New York (11355)
Everything the listing leaves out — vacancy, rent trend, cap rate, landlord climate. All free.
Should you buy in 11355 (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.
- Declining values: -0.5% 5-year CAGR — values have moved lower.
- Tenant-protective state: Landlord rating 1.0/5 — slower evictions, more regulations.
What’s happening in New York, NY (11355)?
Click any question — our AI will research it live from the web and show you sources.
Market Analysis: 11355 New York
Not every below-median market is a bargain. New York's 11355 ZIP clocks in at signals that favor experienced operators who can absorb the risk $618K pricing implies.
If the plan assumes clean turnover, on-time rent, and low maintenance on a $618K asset, 11355 is the wrong submarket. If the plan prices in friction, the yield can still work.
ZIP 11355's metrics run below Queens County's averages on price growth and tenant stability. Investors who ignore that regional gap tend to relearn it the hard way.
From a cash-flow lens, 79,802 residents fill the ZIP, renter turnover runs higher than neighboring postal codes and delinquency risk is a real line item rather than a theoretical one.
Strategy in 11355 is an operator game, not a passive one. In practical terms, entry prices of $618K 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 11355
Which property type performs best in this market?
📊 Compare All Property Types →
| Type | Median Value | Est. Rent | Cap Rate | 5yr CAGR | $/Bedroom |
|---|---|---|---|---|---|
| 1BR | $484,703 | $2,750 | 4.1% | +1.5% | $484,703 |
| 2BR | $667,278 | $3,010 | 3.2% | +3.5% | $333,639 |
| 3BR | $1,024,516 | $3,770 | 2.6% | +2.2% | $341,505 |
| 4BR | $1,166,578 | $4,100 | 2.5% | +2.5% | $291,644 |
Market Trends
Home Value History (with trend line)
Rent History (with trend line)
📊 How Does 11355 Compare?
| Metric | 11355 | New York | New York |
|---|---|---|---|
| Home Value | $617,860 | $572,493 | $505,608 |
| 5-Year CAGR | N/A | 1.2% | 6.6% |
| Avg Rent | $2,699 | $3,425 | - |
| Cap Rate | 3.4% | 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 11355 (New York, NY). Anonymous, moderated, never written by AI.
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Property managers serving Queens County
Manage rentals here? List your business →Jili Property Management specializes in boutique communities and new development, managing condominiums, cooperatives, and other assets. summary from their website
Paradigm Property Management specializes in multifamily and association property management in the Greater Cincinnati/Northern Kentucky areas. summary from their website
Premier Property Management, Inc. provides residential, commercial, and storage facility property management services in SW Washington, including Clark County. 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 | $617,860 |
| Monthly Rent | $2,699 |
| Price-to-Rent | 19.1:1 |
| 1% Rule | ✗ Fails |
💰 Return Metrics
| Gross Yield | 5.2% |
| Cap Rate | 3.4% |
| 5-Year IRR | 2.9% |
📈 Home Appreciation
| 1-Year | +3.1% ▲ |
| 3-Year CAGR | +2.9% ▲ |
| 5-Year CAGR | -0.5% ▼ |
| 10-Year CAGR | +0.9% ▲ |
🏠 Rent Trends
| 1-Year | +8.7% ▲ |
| 3-Year CAGR | +7.4% ▲ |
| 5-Year CAGR | +7.5% ▲ |
The current 30-yr mortgage rate (6.8%) exceeds the estimated cap rate (3.4%). 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 11355
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 11355
Schools in This ZIP Code
Nearby Schools (5 more)
Schools in adjacent ZIP codes that may serve this area
GROWING UP GREEN CHARTER SCHOOL II
VALENCE COLLEGE PREPARATORY CHARTER SCHOOL
CORONA ARTS AND SCIENCES ACADEMY
PS 165 EDITH K BERGTRAUM
PS 201 DISCOVERY SCHOOL FOR INQUIRY AND RESEARCH (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
How strong is New York, NY for real estate investors?
New York, NY rates 2.0/5 for investability. With median values at $618K and rents near $2,699/mo, the market offers reasonable fundamentals for rental investors.
What are vacancy rates like in New York, NY?
Vacancy in New York, NY is elevated, which keeps landlord downtime on reasonable timelines. Most properties lease within the standard window at $2,699/mo.
How strong are rents in New York, NY?
The typical rental in New York, NY commands about $2,699/mo monthly. That rent profile stable cash flow against the $618K purchase basis.
How do landlord-tenant laws work in New York, NY?
NY ranks as a tenant-protective state for landlord-tenant law. New York generally follows the statewide framework, so landlords face reasonable operating rules.
What is the median home value in New York, NY?
Typical homes in New York, NY go for around $618K. The 5-year CAGR of 0.0% steady price movement.
You know 11355 now. You don’t know where it ranks.
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How 11355 ranks in New York-Newark-Jersey City, NY-NJ-PA
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