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New York Cap Rate Calculator

Calculate cap rates using New York market data. Property tax, insurance, vacancy rates, and other defaults are pre-filled with current New York averages. Net Operating Income ÷ Property Price

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Property Details

Operating Expenses(New York defaults)

Total Annual Expenses$18,710

New York Market Context

Avg Cap Rate

4.8%

Median Price

$576K

Property Tax

1.23%

Vacancy Rate

5.5%

Local Factors

  • -NYC has extremely strict rent stabilization laws covering ~1 million apartments
  • -Upstate NY offers much more affordable investment opportunities with higher cap rates
  • -2019 Housing Stability and Tenant Protection Act significantly limited landlord actions

Sources

World Population Review – Median Home PriceFL Probate Law – Property Tax Rates (ACS Data)The Hartford – Insurance RatesiPropertyManagement – Vacancy Rates

Cap Rate

1.9%

Low
Net Operating Income$10,858
Gross Income$29,568
Total Expenses$18,710
New York Avg Cap Rate4.8%
CAP RATE1.9%
NOI$10,858
Property Tax$7,085
Insurance$1,874
Maintenance$5,760
Management$2,365
Vacancy$1,626

What does this mean?

A cap rate below 4% is typical for premium locations with lower risk but limited cash flow. Common in Class A properties in major metros.

Keep running the numbers

One calculator rarely tells the whole story.

Cap rate tells you the return without financing. Now see what happens when you add a mortgage with New York rates.

Cash on Cash Return

Measure the annual return on your actual cash invested, factoring in financing, expenses, and rental income.

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NOI

Calculate Net Operating Income — the foundation of commercial real estate valuation.

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Gross Rent Multiplier

Quickly screen and compare rental properties by how many years of gross income cover the purchase price.

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