Real Estate Investing in New York, New York (11423)
Everything the listing leaves out — vacancy, rent trend, cap rate, landlord climate. All free.
Should you buy in 11423 (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.
- High price-to-rent: Price-to-rent ratio 26.3 — hard to cash-flow at these prices.
What’s happening in New York, NY (11423)?
Click any question — our AI will research it live from the web and show you sources.
Market Analysis: 11423 New York
The 11423 ZIP in New York, NY is a local-operator market. Outside capital chasing a $843K entry has to pair deep knowledge with the discount.
Distressed does not mean uninvestable. It means the margin for error is thinner. ZIP 11423 rewards the prepared, punishes the overconfident, and leaves the math unchanged either way.
Looking more closely, 11423 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.
The 11423 ZIP's population of 29,105 has faced economic pressure over the last decade. That pressure shows up in rent delinquency patterns that posts the need for careful underwriting.
New investors are better served looking at New York's stable or hybrid ZIPs before stepping into 11423. 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 11423
Which property type performs best in this market?
📊 Compare All Property Types →
| Type | Median Value | Est. Rent | Cap Rate | 5yr CAGR | $/Bedroom |
|---|---|---|---|---|---|
| 1BR | $214,670 | $2,370 | 7.9% | — | $214,670 |
| 2BR | $325,167 | $2,600 | 5.8% | +1.2% | $162,583 |
| 3BR | $815,130 | $3,260 | 2.9% | +4.6% | $271,710 |
| 4BR | $1,010,396 | $3,540 | 2.5% | -0.2% | $252,599 |
| 5BR | $1,219,034 | — | — | +9.8% | $243,807 |
Market Trends
Home Value History (with trend line)
Rent History (with trend line)
📊 How Does 11423 Compare?
| Metric | 11423 | New York | New York |
|---|---|---|---|
| Home Value | $843,106 | $572,493 | $505,608 |
| 5-Year CAGR | 3.8% | 1.2% | 6.6% |
| Avg Rent | $2,676 | $3,425 | - |
| Cap Rate | 2.5% | 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 11423 (New York, NY). Anonymous, moderated, never written by AI.
Do you own or manage rentals in ZIP 11423 (New York, NY)?
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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 | $843,106 |
| Monthly Rent | $2,676 |
| Price-to-Rent | 26.3:1 |
| 1% Rule | ✗ Fails |
💰 Return Metrics
| Gross Yield | 3.8% |
| Cap Rate | 2.5% |
| 5-Year IRR | 6.3% |
📈 Home Appreciation
| 1-Year | +4.9% ▲ |
| 3-Year CAGR | +3.8% ▲ |
| 5-Year CAGR | +3.8% ▲ |
| 10-Year CAGR | +5.2% ▲ |
🏠 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 (2.5%). 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 11423
Population: 29,105
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 11423
Schools in This ZIP Code
Nearby Schools (5 more)
Schools in adjacent ZIP codes that may serve this area
GROWING UP GREEN CHARTER SCHOOL II
NEW VISIONS CHTR HS-ADV MA/SCI IV
ROCHDALE EARLY ADVANTAGE CHARTER SCHOOL
ACHIEVEMENT FIRST LEGACY CHARTER SCHOOL
BENJAMIN FRANKLIN HS-FIN INFO TECH
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 975 students living off-campus nearby, this area has strong rental demand from the college population.
Frequently Asked Questions
How strong are rents in New York, NY?
Investors in New York, NY typically see rents near $2,676/mo per month against $843K home values - a solid setup for rental cash flow.
Which real estate strategy fits New York, NY?
The best-fit strategy in New York, NY is careful cash-flow rentals with hands-on management. That approach the rent and price profile of the market.
Is New York in NY worth investing in?
Our data puts New York, NY at 3.0/5 for investability. Home prices of $843K and rents around $2,676/mo create a solid backdrop for investor activity.
How qualified is the tenant pool in New York, NY?
The tenant pool in New York, NY is solid, supported by local employment and population fundamentals. Rents of $2,676/mo are well-absorbed by the market.
Is New York, NY a friendly market for rental owners?
New York, NY falls under NY landlord-tenant law, which is tenant-protective. That backdrop makes day-to-day property management reasonable.
You know 11423 now. You don’t know where it ranks.
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How 11423 ranks in New York-Newark-Jersey City, NY-NJ-PA
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