Real Estate Investing in New York, New York (11373)
Everything the listing leaves out — vacancy, rent trend, cap rate, landlord climate. All free.
Should you buy in 11373 (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 cash-flow market — rent-to-price math works from day one, though value growth is modest. Great for income-focused investors.
- Declining values: -2.4% 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 (11373)?
Click any question — our AI will research it live from the web and show you sources.
Market Analysis: 11373 New York
This part of Queens County is not an easy win. The 11373 ZIP shows softness in key indicators, and the playbook that works in cleaner markets often stalls here.
Distressed does not mean uninvestable. It means the margin for error is thinner. ZIP 11373 rewards the prepared, punishes the overconfident, and leaves the math unchanged either way.
In the broader NY picture, 11373 is a reminder that not every low-priced ZIP is a value-add opportunity — some are simply distressed, and the difference matters.
Resident income in 11373 sits below the county median. That reality colors rent collection, vacancy, and reinvestment math in ways that outside investors often underestimate.
New investors are better served looking at New York's stable or hybrid ZIPs before stepping into 11373. The learning curve here is expensive when the lesson is wrong.
Here's what matters if you're considering buying a home in New York:
Property Strategy for 11373
Which property type performs best in this market?
📊 Compare All Property Types →
| Type | Median Value | Est. Rent | Cap Rate | 5yr CAGR | $/Bedroom |
|---|---|---|---|---|---|
| 1BR | $344,614 | $2,890 | 6.0% | +0.6% | $344,614 |
| 2BR | $548,432 | $3,170 | 4.2% | +3.5% | $274,216 |
| 3BR | $859,350 | $3,970 | 3.3% | +3.7% | $286,450 |
Market Trends
Home Value History (with trend line)
Rent History (with trend line)
📊 How Does 11373 Compare?
| Metric | 11373 | New York | New York |
|---|---|---|---|
| Home Value | $527,239 | $572,493 | $505,608 |
| 5-Year CAGR | N/A | 1.2% | 6.6% |
| Avg Rent | $2,823 | $3,425 | - |
| Cap Rate | 4.2% | 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 11373 (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 | $527,239 |
| Monthly Rent | $2,823 |
| Price-to-Rent | 15.6:1 |
| 1% Rule | ✗ Fails |
💰 Return Metrics
| Gross Yield | 6.4% |
| Cap Rate | 4.2% |
| 5-Year IRR | 1.8% |
📈 Home Appreciation
| 1-Year | +3.7% ▲ |
| 3-Year CAGR | +1.7% ▲ |
| 5-Year CAGR | -2.4% ▼ |
| 10-Year CAGR | +0.9% ▲ |
🏠 Rent Trends
| 1-Year | +16.1% ▲ |
| 3-Year CAGR | +8.1% ▲ |
| 5-Year CAGR | +8.1% ▲ |
The current 30-yr mortgage rate (6.8%) exceeds the estimated cap rate (4.2%). 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 11373
Population: 99,433
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 11373
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
Frequently Asked Questions
What price range are homes in New York, NY?
The median home value in New York, NY is roughly $527K. That puts it reasonable relative to the NY statewide average.
Are there empty rentals in New York, NY?
New York, NY sees elevated vacancy, which is reasonable relative to the broader NY rental market.
What is the typical renter like in New York, NY?
New York, NY offers a measured renter base at the $2,823/mo rent level. Tenant turnover is reasonable for well-managed properties.
Is New York, NY good for house hacking?
The house hack math a challenging in New York, NY. Owner-occupant buyers benefit from the $2,823/mo rents and $527K home values.
What is it like being a landlord in New York, NY?
NY law tenant-protective for landlords, and New York inherits those rules. Investors should still review local ordinances for rental licensing.
You know 11373 now. You don’t know where it ranks.
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How 11373 ranks in New York-Newark-Jersey City, NY-NJ-PA
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