Real Estate Investing in New York, New York (11377)
Everything the listing leaves out — vacancy, rent trend, cap rate, landlord climate. All free.
Should you buy in 11377 (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: -2.2% 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 (11377)?
Click any question — our AI will research it live from the web and show you sources.
Market Analysis: 11377 New York
ZIP 11377 in New York, NY carries a impressive set of headwinds. Home values near $565K and rents of $3,033/mo sit inside a market where underwriting has to be tight.
Rent of $3,033/mo on a $565K basis reads well until vacancy, delinquency, and capex enter the model. The honest cap rate in 11377 sits below the stated 0.0% once reality is priced in.
ZIP 11377'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.
Who lives in 11377 is part of why the ZIP is priced as it is. The demographic profile requires hands-on management, tight screening, and local knowledge.
Strategically, 11377 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 11377
Which property type performs best in this market?
📊 Compare All Property Types →
| Type | Median Value | Est. Rent | Cap Rate | 5yr CAGR | $/Bedroom |
|---|---|---|---|---|---|
| 1BR | $367,582 | $2,750 | 5.4% | +0.9% | $367,582 |
| 2BR | $569,930 | $3,020 | 3.8% | +3.5% | $284,965 |
| 3BR | $945,458 | $3,780 | 2.9% | +3.8% | $315,153 |
Market Trends
Home Value History (with trend line)
Rent History (with trend line)
📊 How Does 11377 Compare?
| Metric | 11377 | New York | New York |
|---|---|---|---|
| Home Value | $565,229 | $572,493 | $505,608 |
| 5-Year CAGR | N/A | 1.2% | 6.6% |
| Avg Rent | $3,033 | $3,425 | - |
| Cap Rate | 4.2% | 3.2% | - |
Similar ZIPs Within 25 Miles
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Landlord Ground Truth
Real numbers from people who own or manage rentals in ZIP 11377 (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 | $565,229 |
| Monthly Rent | $3,033 |
| Price-to-Rent | 15.5:1 |
| 1% Rule | ✗ Fails |
💰 Return Metrics
| Gross Yield | 6.4% |
| Cap Rate | 4.2% |
| 5-Year IRR | 2.0% |
📈 Home Appreciation
| 1-Year | +3.0% ▲ |
| 3-Year CAGR | +1.1% ▲ |
| 5-Year CAGR | -2.2% ▼ |
| 10-Year CAGR | +0.6% ▲ |
🏠 Rent Trends
| 1-Year | +5.7% ▲ |
| 3-Year CAGR | +6.0% ▲ |
| 5-Year CAGR | +7.5% ▲ |
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 11377
Population: 83,545
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 11377
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
Investor Insight: With 923 students living off-campus nearby, this area has strong rental demand from the college population.
Frequently Asked Questions
Are homes affordable in New York, NY?
New York, NY median home values land near $565K. That is reasonable territory for investors looking at $3,033/mo-per-month rentals.
What is the typical rental rate in New York, NY?
Investors in New York, NY typically see rents near $3,033/mo per month against $565K home values - a solid setup for rental cash flow.
Is the tenant base reliable in New York, NY?
The renter base in New York, NY is reasonable for the $3,033/mo price point. Screening well and pricing to market typically yields measured tenants.
How landlord-friendly is New York, NY?
Landlord-friendliness in New York, NY is tenant-protective. Eviction timelines and lease enforcement are considered reasonable by most property managers.
What does house hacking look like in New York, NY?
For house hackers, New York, NY is a challenging. The $3,033/mo rent on a unit helps defray the mortgage on a $565K property.
You know 11377 now. You don’t know where it ranks.
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How 11377 ranks in New York-Newark-Jersey City, NY-NJ-PA
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