Real Estate Investing in New York, New York (11428)
Everything the listing leaves out — vacancy, rent trend, cap rate, landlord climate. All free.
Should you buy in 11428 (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 29.4 — hard to cash-flow at these prices.
What’s happening in New York, NY (11428)?
Click any question — our AI will research it live from the web and show you sources.
Market Analysis: 11428 New York
The 11428 ZIP in New York, NY is a local-operator market. Outside capital chasing a $788K entry has to pair deep knowledge with the discount.
The investment case in 11428 is healthy only for operators who understand what they are buying. A $788K median suggests accessibility, but management intensity, vacancy drift, and capex surprises are real.
Statewide comparisons place 11428 among NY's softer markets. That context does not make the ZIP uninvestable, but it does raise the bar for due diligence.
The 11428 ZIP's population of 18,898 has faced economic pressure over the last decade. That pressure shows up in rent delinquency patterns that posts the need for careful underwriting.
The 11428 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 11428
Which property type performs best in this market?
📊 Compare All Property Types →
| Type | Median Value | Est. Rent | Cap Rate | 5yr CAGR | $/Bedroom |
|---|---|---|---|---|---|
| 3BR | $758,818 | $3,480 | 3.3% | +6.0% | $252,939 |
| 4BR | $807,662 | $3,780 | 3.4% | +4.8% | $201,915 |
Market Trends
Home Value History (with trend line)
Rent History (with trend line)
📊 How Does 11428 Compare?
| Metric | 11428 | New York | New York |
|---|---|---|---|
| Home Value | $788,495 | $572,493 | $505,608 |
| 5-Year CAGR | 4.5% | 1.2% | 6.6% |
| Avg Rent | $2,237 | $3,425 | - |
| Cap Rate | 2.2% | 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 11428 (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 | $788,495 |
| Monthly Rent | $2,237 |
| Price-to-Rent | 29.4:1 |
| 1% Rule | ✗ Fails |
💰 Return Metrics
| Gross Yield | 3.4% |
| Cap Rate | 2.2% |
| 5-Year IRR | 6.7% |
📈 Home Appreciation
| 1-Year | +6.4% ▲ |
| 3-Year CAGR | +5.2% ▲ |
| 5-Year CAGR | +4.5% ▲ |
| 10-Year CAGR | +5.7% ▲ |
🏠 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 (2.2%). 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 11428
Population: 18,898
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 11428
Schools in This ZIP Code
Nearby Schools (5 more)
Schools in adjacent ZIP codes that may serve this area
CLARA H CARLSON SCHOOL
COVERT AVENUE SCHOOL
DUTCH BROADWAY SCHOOL
GOTHAM AVENUE SCHOOL
GROWING UP GREEN CHARTER SCHOOL II
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 is New York, NY for real estate investors?
New York, NY scores 3.0/5 for investability. Home values sit at $788K and rents near $2,237/mo, which keeps the rent-to-price ratio in reasonable territory for buy-and-hold investors.
Where do rents currently stand in New York, NY?
Investors in New York, NY typically see rents near $2,237/mo per month against $788K home values - a solid setup for rental cash flow.
What are vacancy rates like in New York, NY?
Vacancy in New York, NY is elevated, which keeps landlord downtime on reasonable timelines. Most properties lease within the standard window at $2,237/mo.
Is it easy to find good tenants in New York, NY?
Tenant demand in New York, NY is solid. The local workforce $2,237/mo rents across most rental classes.
What is the average home sale price in New York, NY?
Expect median prices around $788K in New York, NY. The market has run at a 0.0% 5-year CAGR, so entry costs have been measured.
You know 11428 now. You don’t know where it ranks.
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How 11428 ranks in New York-Newark-Jersey City, NY-NJ-PA
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