Real Estate Investing in New York, New York (11385)
Everything the listing leaves out — vacancy, rent trend, cap rate, landlord climate. All free.
Should you buy in 11385 (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.
- Tenant-protective state: Landlord rating 1.0/5 — slower evictions, more regulations.
What’s happening in New York, NY (11385)?
Click any question — our AI will research it live from the web and show you sources.
Market Analysis: 11385 New York
This part of Queens County is not an easy win. The 11385 ZIP stands at 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 11385 rewards the prepared, punishes the overconfident, and leaves the math unchanged either way.
ZIP 11385'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.
The 11385 ZIP's population of 103,865 has faced economic pressure over the last decade. That pressure shows up in rent delinquency patterns that stands at the need for careful underwriting.
Distressed ZIPs reward experience. robust returns are possible in 11385, but they flow to investors who already understand how to operate in soft markets.
Here's what matters if you're considering buying a home in New York:
Property Strategy for 11385
Which property type performs best in this market?
📊 Compare All Property Types →
| Type | Median Value | Est. Rent | Cap Rate | 5yr CAGR | $/Bedroom |
|---|---|---|---|---|---|
| 1BR | $592,326 | $2,700 | 3.3% | +2.5% | $592,326 |
| 2BR | $729,911 | $2,960 | 2.9% | +1.1% | $364,955 |
| 3BR | $860,220 | $3,710 | 3.1% | +2.3% | $286,740 |
Market Trends
Home Value History (with trend line)
Rent History (with trend line)
📊 How Does 11385 Compare?
| Metric | 11385 | New York | New York |
|---|---|---|---|
| Home Value | $879,961 | $572,493 | $505,608 |
| 5-Year CAGR | 2.3% | 1.2% | 6.6% |
| Avg Rent | $3,457 | $3,425 | - |
| Cap Rate | 3.1% | 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 11385 (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 | $879,961 |
| Monthly Rent | $3,457 |
| Price-to-Rent | 21.2:1 |
| 1% Rule | ✗ Fails |
💰 Return Metrics
| Gross Yield | 4.7% |
| Cap Rate | 3.1% |
| 5-Year IRR | 5.4% |
📈 Home Appreciation
| 1-Year | +4.2% ▲ |
| 3-Year CAGR | +2.6% ▲ |
| 5-Year CAGR | +2.3% ▲ |
| 10-Year CAGR | +3.3% ▲ |
🏠 Rent Trends
| 1-Year | +2.6% ▲ |
| 3-Year CAGR | +4.3% ▲ |
| 5-Year CAGR | +7.0% ▲ |
The current 30-yr mortgage rate (6.8%) exceeds the estimated cap rate (3.1%). 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 11385
Population: 103,865
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 11385
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
How does New York, NY stack up for property investment?
Our data puts New York, NY at 3.0/5 for investability. Home prices of $880K and rents around $3,457/mo create a solid backdrop for investor activity.
How much do tenants pay in New York, NY?
Rents in New York, NY run near $3,457/mo. Compared with median home prices of $880K that produces solid gross yields for typical rentals.
Do rentals sit vacant long in New York, NY?
New York, NY carries elevated vacancy risk. Expect predictable absorption at market rents of $3,457/mo.
How expensive is real estate in New York, NY?
New York, NY home values average about $880K. That price point suits investors targeting rentals with $3,457/mo in monthly income.
How deep is the rental pool in New York, NY?
Tenant demand in New York, NY is solid. The local workforce $3,457/mo rents across most rental classes.
You know 11385 now. You don’t know where it ranks.
This page stays free — all of it. What one page can’t tell you is how 11385 compares to every other market. Investor ($19/mo) screens every U.S. ZIP by cap rate, the 1% rule, vacancy and landlord climate, and exports your shortlist.
How 11385 ranks in New York-Newark-Jersey City, NY-NJ-PA
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