Real Estate Investing in New York, New York (11358)
Everything the listing leaves out — vacancy, rent trend, cap rate, landlord climate. All free.
Should you buy in 11358 (New York, NY)? Our answer, based on the numbers below.
Proceed carefully. Weak appreciation or affordability makes this a harder case for most buyers.
Structural challenges here. The numbers may look cheap but operational risk is high. Only for experienced, hands-on investors.
- Tenant-protective state: Landlord rating 1.0/5 — slower evictions, more regulations.
- High price-to-rent: Price-to-rent ratio 33.6 — hard to cash-flow at these prices.
What’s happening in New York, NY (11358)?
Click any question — our AI will research it live from the web and show you sources.
Market Analysis: 11358 New York
Not every below-median market is a bargain. New York's 11358 ZIP registers signals that favor experienced operators who can absorb the risk $1.1M pricing implies.
Distressed does not mean uninvestable. It means the margin for error is thinner. ZIP 11358 rewards the prepared, punishes the overconfident, and leaves the math unchanged either way.
Statewide comparisons place 11358 among NY's softer markets. That context does not make the ZIP uninvestable, but it does raise the bar for due diligence.
The demographic picture in 11358 includes headwinds that any investor should price in. Income distribution skews lower than New York averages, and tenant stability requires active management.
looks to 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 11358
Which property type performs best in this market?
📊 Compare All Property Types →
| Type | Median Value | Est. Rent | Cap Rate | 5yr CAGR | $/Bedroom |
|---|---|---|---|---|---|
| 1BR | $388,537 | $2,950 | 5.5% | +6.0% | $388,537 |
| 2BR | $734,129 | $3,230 | 3.2% | +1.1% | $367,065 |
| 3BR | $1,046,767 | $4,040 | 2.8% | +3.1% | $348,922 |
| 4BR | $1,192,620 | $4,390 | 2.7% | +3.4% | $298,155 |
| 5BR | $1,401,189 | — | — | +3.9% | $280,238 |
Market Trends
Home Value History (with trend line)
Rent History (with trend line)
📊 How Does 11358 Compare?
| Metric | 11358 | New York | New York |
|---|---|---|---|
| Home Value | $1,086,228 | $572,493 | $505,608 |
| 5-Year CAGR | 3.4% | 1.2% | 6.6% |
| Avg Rent | $2,691 | $3,425 | - |
| Cap Rate | 1.9% | 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 11358 (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 | $1,086,228 |
| Monthly Rent | $2,691 |
| Price-to-Rent | 33.6:1 |
| 1% Rule | ✗ Fails |
💰 Return Metrics
| Gross Yield | 3.0% |
| Cap Rate | 1.9% |
| 5-Year IRR | 5.3% |
📈 Home Appreciation
| 1-Year | +4.5% ▲ |
| 3-Year CAGR | +3.0% ▲ |
| 5-Year CAGR | +3.4% ▲ |
| 10-Year CAGR | +3.6% ▲ |
🏠 Rent Trends
| 1-Year | +3.9% ▲ |
| 3-Year CAGR | +8.3% ▲ |
| 5-Year CAGR | N/A |
The current 30-yr mortgage rate (6.8%) exceeds the estimated cap rate (1.9%). 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 11358
Population: 36,496
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 11358
Schools in This ZIP Code
Nearby Schools (5 more)
Schools in adjacent ZIP codes that may serve this area
EAST-WEST SCHOOL OF INTERNATIONAL STUDIES
PS 165 EDITH K BERGTRAUM
PS 201 DISCOVERY SCHOOL FOR INQUIRY AND RESEARCH (THE)
PS 219 PAUL KLAPPER
PS 31 BAYSIDE
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 815 students living off-campus nearby, this area has strong rental demand from the college population.
Frequently Asked Questions
How does New York, NY stack up for property investment?
The 2.0/5 investability rating in New York, NY reflects its $1.1M prices and $2,691/mo rents. Investors generally consider it a solid option within NY.
What is the typical rental rate in New York, NY?
Rent in New York, NY is around $2,691/mo. The resulting rent-to-value relationship with $1.1M pricing is reasonable for most investor models.
How high is vacancy risk 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 $2,691/mo.
What does house hacking look like in New York, NY?
House hacking works a tougher in New York, NY. Rents of $2,691/mo against $1.1M acquisition make the strategy solid for owner-occupants.
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.
You know 11358 now. You don’t know where it ranks.
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How 11358 ranks in New York-Newark-Jersey City, NY-NJ-PA
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