Real Estate Investing in New York, New York (11421)
Everything the listing leaves out — vacancy, rent trend, cap rate, landlord climate. All free.
Should you buy in 11421 (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 (11421)?
Click any question — our AI will research it live from the web and show you sources.
Market Analysis: 11421 New York
Investors eyeing 11421 need to respect the fundamentals at play. Home values of $744K come alongside slower price movement and elevated management overhead.
Rent of $2,606/mo on a $744K basis reads well until vacancy, delinquency, and capex enter the model. The honest cap rate in 11421 sits below the stated 0.0% once reality is priced in.
Stepping back, 11421 offers a low basis, the region around New York has moved on in ways that the ZIP itself has not fully absorbed. The result is a discount with genuine reasons.
A notable renter share of 48% in 11421 is not, on its own, a problem — but paired with below-average income and high mobility, it changes the operating playbook.
The 11421 ZIP fits a narrow investor profile — hands-on, patient, and willing to accept that the cap rate on paper is not the cap rate in reality.
Here's what matters if you're considering buying a home in New York:
Property Strategy for 11421
Which property type performs best in this market?
📊 Compare All Property Types →
| Type | Median Value | Est. Rent | Cap Rate | 5yr CAGR | $/Bedroom |
|---|---|---|---|---|---|
| 1BR | $298,171 | $2,810 | 6.8% | — | $298,171 |
| 2BR | $359,694 | $3,080 | 6.2% | +2.6% | $179,847 |
| 3BR | $708,142 | $3,860 | 3.9% | +3.1% | $236,047 |
| 4BR | $749,488 | $4,190 | 4.0% | +3.6% | $187,372 |
| 5BR | $879,709 | — | — | +3.0% | $175,942 |
Market Trends
Home Value History (with trend line)
Rent History (with trend line)
📊 How Does 11421 Compare?
| Metric | 11421 | New York | New York |
|---|---|---|---|
| Home Value | $743,671 | $572,493 | $505,608 |
| 5-Year CAGR | 2.5% | 1.2% | 6.6% |
| Avg Rent | $2,606 | $3,425 | - |
| Cap Rate | 2.7% | 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 11421 (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 | $743,671 |
| Monthly Rent | $2,606 |
| Price-to-Rent | 23.8:1 |
| 1% Rule | ✗ Fails |
💰 Return Metrics
| Gross Yield | 4.2% |
| Cap Rate | 2.7% |
| 5-Year IRR | 5.3% |
📈 Home Appreciation
| 1-Year | +4.5% ▲ |
| 3-Year CAGR | +2.5% ▲ |
| 5-Year CAGR | +2.5% ▲ |
| 10-Year CAGR | +4.7% ▲ |
🏠 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 (2.7%). 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 11421
Population: 41,937
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 11421
Schools in This ZIP Code
Nearby Schools (5 more)
Schools in adjacent ZIP codes that may serve this area
VALENCE COLLEGE PREPARATORY CHARTER SCHOOL
OUR WORLD NEIGHBORHOOD CHARTER SCHOOL 2
MIDDLE VILLAGE PREPARATORY CHARTER SCHOOL
BROOKLYN SCHOLARS CHARTER SCHOOL
COLLEGIATE ACADEMY-MATH-PERSONAL AWA
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
Should investors consider New York, NY?
With a 3.0/5 investability score, New York, NY ranks as a solid market for rental property investors. Median prices of $744K and rents of $2,606/mo drive the underlying numbers.
How strong are rents in New York, NY?
Investors in New York, NY typically see rents near $2,606/mo per month against $744K home values - a solid setup for rental cash flow.
What investment strategy works best in New York, NY?
In New York, NY the healthy play is typically careful cash-flow rentals with hands-on management. The combination of $744K prices and $2,606/mo rents suits that approach.
How do landlord-tenant laws work in New York, NY?
NY ranks as a tenant-protective state for landlord-tenant law. New York generally follows the statewide framework, so landlords face reasonable operating rules.
Are there empty rentals in New York, NY?
New York, NY sees elevated vacancy, which is reasonable relative to the broader NY rental market.
You know 11421 now. You don’t know where it ranks.
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How 11421 ranks in New York-Newark-Jersey City, NY-NJ-PA
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