Is Garden City, NY a good place to invest in rental property?

Garden City, NY has a median modeled monthly cash flow of $-4,419 and a median cap rate of 2.3%, on a median sold price of $1,376,500. Prices changed +5.2% year over year.

What is the average cap rate in Garden City, NY?

The median cap rate across recently sold homes in Garden City, NY is 2.3%, based on CashFlowRE's rent and expense modeling.

What is the median home price in Garden City, NY?

The median sold price in Garden City, NY is $1,376,500 (about $709 per square foot).

Investing in Garden City, NY Real Estate

A data-driven snapshot of the Garden City, NY rental-property market, built from recently sold homes and CashFlowRE's per-listing investment modeling — median price, cap rate, monthly cash flow, appreciation and inventory — so you can judge the market before you ever open a listing.

$1,376,500Median sold price

$709Median $/sqft

2.3%Median cap rate

$-4,419Modeled cash flow / mo

+5.2%Appreciation YoY

9.7Months of supply

166Active listings

206Sold (last 12 mo)

What the Garden City numbers say

In Garden City, NY, the median home sold for $1,376,500 (about $709 per square foot), and the typical deal models out to a 2.3% cap rate with a median $-4,419 of monthly cash flow. Sold prices moved +5.2% over the past year. Inventory sits at about 9.7 months of supply — a looser, buyer-friendly market. These are medians across recorded sales; individual properties vary widely, which is exactly what CashFlowRE scores listing by listing.

Other New York markets to compare

See Garden City cash-flowing listings

CashFlowRE ranks every for-sale home in Garden City, NY by cap rate, cash-on-cash return, DSCR and monthly cash flow — so the best rental deals rise to the top. Create a free account to screen Garden City deals, or browse the national market data.