GemHausNew report

Market Snapshot

Median listing price
$1.85M

The median listing price in New York, NY ZIP 10019 is $1,847,500 as of June 2026.

Median rent
$5,000/mo

The median market rent in New York, NY ZIP 10019 is $5,000/month as of June 2026.

Days on market
376 days

The median days on market in New York, NY ZIP 10019 is 376 days as of June 2026. The market is currently neutral.

Gross rental yield
3.25%

At a median list price of $1,847,500 and a median rent of $5,000/month, the gross rental yield in New York, NY ZIP 10019 is 3.25% as of June 2026.

STR vs LTR
$3,785/mo STR · $5,000/mo LTR

In New York, NY ZIP 10019, median Airbnb revenue is $3,785/month compared to median long-term rent of $5,000/month as of June 2026.

New York, NY 10019 Real Estate Market Report

ZIP Code: 10019

Report Date: June 2026

Market Temperature:
NEUTRAL

Scope: This ZIP code analysis focuses on single-family residential (SFR) properties. Metrics are calculated from recent sales and active listings within the past 90 days.


Market Overview

This analysis is based on a sample of properties from this ZIP code (up to 200 sold properties and up to 100 active properties). The median prices below are calculated from all available properties in the sample, while trend analysis uses properties from the selected analysis window.

Analysis Window
90 Days
Total Properties Analyzed
188
Active Listings
101
Sold Properties
87

Market Metrics

Median Listing Price
$1,847,500
Median Sold Price
$2,109,000
Median Price per Sqft
$1,441/sqft

The property counts shown above represent only the properties analyzed in this report sample, not the total inventory for this ZIP code. Median prices are calculated from all available properties in the sample, while trend analysis uses properties from the selected analysis window.


Rental Market

Median Market Rent
$5,000

Note: The relationship between property values and rental rates reflects different market dynamics. Higher-priced properties may have lower rental yields due to factors such as luxury market positioning, owner-occupancy preferences, or long-term appreciation strategies rather than immediate rental income maximization.


Property Taxes

Property Tax Rate
1.54%

Liquidity & Velocity

Median Days on Market
376
Sale-to-List Ratio
100.0%

Note: A Sale-to-List Ratio near 100% can occur when properties sell at or near their final listing price after price adjustments during the listing period, even when initial listing prices differ significantly from sale prices.


Market Trends & Context

Understanding Market Temperature

A Neutral market indicates balanced conditions where neither buyers nor sellers have a strong advantage, typically characterized by flat price trends, extended but stable days on market, and moderate inventory relative to sales.

Price YoY Trend
up
Market Temperature
neutral
Rent YoY Trend
up
Interest Rate Pressure
moderate

Key Findings

  1. Using median sold price as the primary indicator of realized market value, $2,109,000 suggests transactions remain at a premium relative to asking levels and should be the focus for valuation and comps.
  2. The market shows up price momentum with $2,109,000 as the recent transaction benchmark, while the median listing price $1,847,500 indicates a spread that may reflect seller price optimism or selective off‑market/off‑cycle deals.
  3. Liquidity appears slow given the lengthy median days on market 376, which suggests extended marketing periods and potential pricing friction even though supply is described as relatively constrained active supply.
  4. Market drivers are mixed but supportive: reported market temperature is neutral, rent trends are up with median market rent 5,000, and interest rate pressure is moderate; together these signals suggest steady valuation support but cautious buyer behavior.

Notable Properties

The following 8 properties represent notable market examples and recent transactions that illustrate key market dynamics. These are illustrative examples selected for their significance (top sales, market benchmarks, quick sales) and are not the basis for the statistical calculations shown above.

Recent Transactions

217 W 57th St Apt 121, New York, NY 10019
Top Sale

Highest sale in the past 90 days. Fully renovated with modern finishes and premium lot positioning.

5 beds6 baths6,700 sqft
$47,469,125
Mar 1, 2026
$7,085/sqft/sqft
221 days on market
111 W 57th St # 58, New York, NY 10019
Premium

Sold above market average

3 beds4 baths4,183 sqft
$21,000,000
Apr 1, 2026
$5,020/sqft/sqft
686 days on market
111 W 57th St # 42, New York, NY 10019
Premium

Sold above market average

4 beds5 baths4,492 sqft
$20,125,000
Apr 1, 2026
$4,480/sqft/sqft
567 days on market
1600 Broadway Apt 16g, New York, NY 10019
Value

Sold below market average

2 beds2 baths1,144 sqft
$1,295,000
May 1, 2026
$1,132/sqft/sqft
910 days on market
540 W 49th St Apt 503n, New York, NY 10019
Value

Sold below market average

2 beds2 baths997 sqft
$1,250,000
May 1, 2026
$1,254/sqft/sqft
999 days on market
393 W 49th St Apt 5nn, New York, NY 10019
Market Benchmark

Sold at market average

1 beds1 baths814 sqft
$1,223,000
May 1, 2026
$1,502/sqft/sqft
290 days on market
350 W 57th St Apt 6h, New York, NY 10019
Value

Sold below market average

1 beds1 baths512 sqft
$475,000
Apr 1, 2026
$928/sqft/sqft
181 days on market
393 W 49th St Apt 3m, New York, NY 10019
Value

Sold below market average

- beds- baths372 sqft
$460,000
Apr 1, 2026
$1,237/sqft/sqft
440 days on market

Investment Analysis

Compare rental income potential against ownership costs and benchmark against market averages.

Rent vs Cost to Own

Monthly rental income vs estimated ownership cost

-$8,985/mo
10019 Avg Rent
10019 Cost to Own
Rent$5,000
Own$13,985

20% down, 6.50% rate, 1.5% tax

Short-Term Rental

Avg nightly rate and occupancy for this ZIP

10019 Avg nightly rate
10019 Avg occupancy (days/year)
Nightly rate$348/night
Occupancy93 of 365 days

Data Sources

Real estate market data & public records, and GemHaus® proprietary models.

Report generated: 6/1/2026

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