Real Estate Investing in New York, New York (11362)
Everything the listing leaves out — vacancy, rent trend, cap rate, landlord climate. All free.
Should you buy in 11362 (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.
What’s happening in New York, NY (11362)?
Click any question — our AI will research it live from the web and show you sources.
Market Analysis: 11362 New York
Investors eyeing 11362 need to respect the fundamentals at play. Home values of $699K come alongside slower price movement and elevated management overhead.
If the plan assumes clean turnover, on-time rent, and low maintenance on a $699K asset, 11362 is the wrong submarket. If the plan prices in friction, the yield can still work.
Regionally, 11362 sits on the difficult end of the NY spectrum. The a viable market for read — for disciplined operators — is that pricing reflects the difficulty.
Demographically, 11362 is a market where tenant selection matters more than unit finishes. Operators who understand that tend to do fine; those who do not tend to learn why the ZIP trades at a discount.
The right play in 11362 usually involves deep tenant screening, aggressive delinquency response, and a conservative capex buffer. Anything less, and the discount can turn into a trap.
Here's what matters if you're considering buying a home in New York:
Property Strategy for 11362
Which property type performs best in this market?
📊 Compare All Property Types →
| Type | Median Value | Est. Rent | Cap Rate | 5yr CAGR | $/Bedroom |
|---|---|---|---|---|---|
| 1BR | $291,456 | $3,570 | 8.8% | +2.7% | $291,456 |
| 2BR | $397,896 | $3,910 | 7.1% | +1.6% | $198,948 |
| 3BR | $952,386 | $4,900 | 3.7% | +4.8% | $317,462 |
| 4BR | $1,289,195 | $5,320 | 3.0% | +4.6% | $322,299 |
Market Trends
Home Value History (with trend line)
Rent History (with trend line)
📊 How Does 11362 Compare?
| Metric | 11362 | New York | New York |
|---|---|---|---|
| Home Value | $699,482 | $572,493 | $505,608 |
| 5-Year CAGR | 1.6% | 1.2% | 6.6% |
| Avg Rent | $3,150 | $3,425 | - |
| Cap Rate | 3.5% | 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 11362 (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 | $699,482 |
| Monthly Rent | $3,150 |
| Price-to-Rent | 18.5:1 |
| 1% Rule | ✗ Fails |
💰 Return Metrics
| Gross Yield | 5.4% |
| Cap Rate | 3.5% |
| 5-Year IRR | 5.1% |
📈 Home Appreciation
| 1-Year | +6.1% ▲ |
| 3-Year CAGR | +4.6% ▲ |
| 5-Year CAGR | +1.6% ▲ |
| 10-Year CAGR | +1.7% ▲ |
🏠 Rent Trends
| 1-Year | N/A |
| 3-Year CAGR | N/A |
| 5-Year CAGR | N/A |
The current 30-yr mortgage rate (6.8%) exceeds the estimated cap rate (3.5%). 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 11362
Population: 18,156
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 11362
Schools in This ZIP Code
Nearby Schools (5 more)
Schools in adjacent ZIP codes that may serve this area
GREAT NECK NORTH MIDDLE SCHOOL
SADDLE ROCK SCHOOL
GREAT NECK SOUTH MIDDLE SCHOOL
E M BAKER SCHOOL
JOHN LEWIS CHILDS 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
Investor Insight: With 815 students living off-campus nearby, this area has strong rental demand from the college population.
Frequently Asked Questions
What is the average home sale price in New York, NY?
Expect median prices around $699K in New York, NY. The market has run at a 0.0% 5-year CAGR, so entry costs have been reliable.
How strong is the working-renter base in New York, NY?
Tenant demand in New York, NY is solid. The local workforce $3,150/mo rents across most rental classes.
Is New York, NY better for rentals, flips, or BRRRR?
New York, NY investors pursuing careful cash-flow rentals with hands-on management. The underlying economics ($699K prices, $3,150/mo rents) make it a reasonable choice.
Can I house hack in New York, NY?
New York, NY is a a challenging market for house hackers. FHA or conventional owner-occupant buyers find the $699K price point reasonable to enter.
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 $3,150/mo.
You know 11362 now. You don’t know where it ranks.
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How 11362 ranks in New York-Newark-Jersey City, NY-NJ-PA
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