Is New York, NY a good place to invest in rental property?

New York, NY has a median modeled monthly cash flow of $-2,592 and a median cap rate of 2.7%, on a median sold price of $750,000. Prices changed +3.6% year over year.

What is the average cap rate in New York, NY?

The median cap rate across recently sold homes in New York, NY is 2.7%, based on CashFlowRE's rent and expense modeling.

What is the median home price in New York, NY?

The median sold price in New York, NY is $750,000 (about $491 per square foot).

Investing in New York, NY Real Estate

A data-driven snapshot of the New York, 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.

$750,000Median sold price

$491Median $/sqft

2.7%Median cap rate

$-2,592Modeled cash flow / mo

+3.6%Appreciation YoY

26.8Months of supply

30,768Active listings

13,791Sold (last 12 mo)

What the New York numbers say

In New York, NY, the median home sold for $750,000 (about $491 per square foot), and the typical deal models out to a 2.7% cap rate with a median $-2,592 of monthly cash flow. Sold prices moved +3.6% over the past year. Inventory sits at about 26.8 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.

🔨 See 97 fix-and-flip deals in New York — listings where the estimated after-repair value beats list price + rehab.

Other New York markets to compare

See New York cash-flowing listings

CashFlowRE ranks every for-sale home in New York, 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 New York deals, or browse the national market data.