| Unit Size | FY 2026 FMR |
|---|---|
| Studio (0 Bedroom) | $3,120 |
| 1 Bedroom | $3,270 |
| 2 Bedrooms | $3,590 |
| 3 Bedrooms | $4,500 |
| 4 Bedrooms | $4,880 |
Location: New York, NY
Metro Area: New York, NY HUD Metro FMR Area
Explore Section 8 payment standards in neighboring areas:
Cities Covered: This ZIP code covers New York, Upper East Side, Lenox Hill, Yorkville.
FMR Rates (FY 2026):
Studio: $3,120 | 1BR: $3,270 | 2BR: $3,590 | 3BR: $4,500 | 4BR: $4,880
Median Property Prices & 1% Rule Analysis:
Market Overview: The 10119 ZIP code is a high-end rental market in Manhattan's Upper East Side, characterized by young professionals (45%), families (30%), and affluent retirees (25%). Vacancy rates remain tight at 2-3%, driving up rents 6-8% year-over-year. The area benefits from proximity to Central Park, upscale shopping, and world-class amenities, making it an attractive market for luxury investors. However, property values have risen significantly in recent years, limiting cash-flow opportunities. Long-term appreciation potential exists, but rental income remains the primary driver of returns.
Investment Takeaway: Investors can target 7-9% gross yield on well-selected properties priced between $500k-$700k. Cash-flow investors should prioritize 2BR units in the $425-525k range, with rents exceeding $3,000/month. Long-term investors can consider 3BR properties in the $550-650k segment if rents approach $4,000+/month. Budget 10-12% of purchase price annually for maintenance, property taxes, and vacancy reserves to ensure positive cash flow.
Key Considerations: This is a luxury market with high-end tenants seeking premium amenities. Screen tenants carefully using credit scores 750+, income verification at 5x rent, and thorough reference checks. Budget 12% of purchase price annually for maintenance, 8-10% for vacancy reserves, and expect property taxes of 2.2-2.5% of assessed value. Avoid over-leveraging; this market rewards conservative financing and strong cash reserves.