Real Estate Investing in New York, New York (11370)
Everything the listing leaves out — vacancy, rent trend, cap rate, landlord climate. All free.
Should you buy in 11370 (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.
- High vacancy: 30.6% of homes vacant — above national norms.
- Tenant-protective state: Landlord rating 1.0/5 — slower evictions, more regulations.
What’s happening in New York, NY (11370)?
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Market Analysis: 11370 New York
Meanwhile, ZIP 11370 has challenges — vacancy pressure, softer price growth, and tenant stability concerns sit alongside the $828K median. It rewards specialists, not generalists.
For an experienced owner, 11370 can be a a strong candidate for hunting ground — but the discount at $828K reflects genuine risk that outside investors often underestimate.
Regionally, 11370 sits on the difficult end of the NY spectrum. The a viable market for read — for disciplined operators — is that pricing reflects the difficulty.
Employment concentration in 11370 leans toward sectors with higher volatility. The demographic consequence is income fluctuation that investors need to factor into their pro forma.
Strategically, 11370 can be a high-return sleeve of a diversified portfolio — but it should not be the whole portfolio, and it should not be someone's first deal.
Here's what matters if you're considering buying a home in New York:
Property Strategy for 11370
Which property type performs best in this market?
📊 Compare All Property Types →
| Type | Median Value | Est. Rent | Cap Rate | 5yr CAGR | $/Bedroom |
|---|---|---|---|---|---|
| 1BR | $434,109 | $2,910 | 4.8% | -0.3% | $434,109 |
| 2BR | $559,843 | $3,190 | 4.1% | +0.4% | $279,921 |
| 3BR | $989,237 | $3,990 | 2.9% | +2.9% | $329,746 |
Market Trends
Home Value History (with trend line)
Rent History (with trend line)
📊 How Does 11370 Compare?
| Metric | 11370 | New York | New York |
|---|---|---|---|
| Home Value | $828,017 | $572,493 | $505,608 |
| 5-Year CAGR | 4.1% | 1.2% | 6.6% |
| Avg Rent | $3,133 | $3,425 | - |
| Cap Rate | 3.0% | 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 11370 (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 | $828,017 |
| Monthly Rent | $3,133 |
| Price-to-Rent | 22.0:1 |
| 1% Rule | ✗ Fails |
💰 Return Metrics
| Gross Yield | 4.5% |
| Cap Rate | 3.0% |
| 5-Year IRR | 7.0% |
📈 Home Appreciation
| 1-Year | +6.3% ▲ |
| 3-Year CAGR | +6.3% ▲ |
| 5-Year CAGR | +4.1% ▲ |
| 10-Year CAGR | +5.0% ▲ |
🏠 Rent Trends
| 1-Year | +3.2% ▲ |
| 3-Year CAGR | N/A |
| 5-Year CAGR | N/A |
The current 30-yr mortgage rate (6.8%) exceeds the estimated cap rate (3.0%). 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 11370
Population: 28,762
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 11370
Schools in This ZIP Code
Nearby Schools (5 more)
Schools in adjacent ZIP codes that may serve this area
AMERICAN DREAM CHARTER SCHOOL
DEMOCRACY PREP ENDURANCE CHARTER SCHOOL
DREAM CHARTER SCHOOL MOTT HAVEN
HARLEM PREP CHARTER SCHOOL
HARLEM VILLAGE ACADEMY EAST CHARTER 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
Frequently Asked Questions
How do home values compare in New York, NY?
Homes in New York, NY typically sell near $828K. Prices have moved at a 0.0% 5-year CAGR, which steady long-term demand.
What investment strategy works best in New York, NY?
In New York, NY the solid play is typically careful cash-flow rentals with hands-on management. The combination of $828K prices and $3,133/mo rents suits that approach.
How high is vacancy risk in New York, NY?
New York, NY carries elevated vacancy risk. Expect even-keeled absorption at market rents of $3,133/mo.
Is New York, NY good for landlords?
For rental operators, New York, NY rates as tenant-protective. The regulatory environment standard buy-and-hold operations.
How strong is tenant demand in New York, NY?
New York, NY draws a stable base of working renters. Demand at the $3,133/mo rent level is reasonable for standard single-family and small multi rentals.
You know 11370 now. You don’t know where it ranks.
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How 11370 ranks in New York-Newark-Jersey City, NY-NJ-PA
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