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

Garden City, NY has a median modeled monthly cash flow of $-4,533 and a median cap rate of 2.3%, on a median sold price of $1,400,000. Prices changed +1.5% 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 $1,400,000 (about $684 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.

$1,400,000Median sold price

$684Median $/sqft

2.3%Median cap rate

$-4,533Modeled cash flow / mo

+1.5%Appreciation YoY

7.3Months of supply

139Active listings

229Sold (last 12 mo)

What the Garden City numbers say

In Garden City, NY, the median home sold for $1,400,000 (about $684 per square foot), and the typical deal models out to a 2.3% cap rate with a median $-4,533 of monthly cash flow. Sold prices moved +1.5% over the past year. Inventory sits at about 7.3 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.