New York County Sees 57 Home Flips in July 2026 with $158K Average Gross Profit
While major urban centers often drive real estate trends, New York, NY (County) recorded 57 residential home flips in the 12 months leading up to July 2026, according to BatchData's Flip Activity Report. This activity generated an average gross profit of $158,000 for investors, reflecting an average gross ROI of 8.7% on these transactions.
County Overview
The 57 homes flipped in New York, NY (County) represent a focused segment of the real estate investment landscape, indicating that while flipping is present, it is not a high-volume activity compared to other markets. Investors in this market achieved an average gross profit of $158,000 per flip. This substantial dollar figure suggests a focus on higher-value properties where even a moderate percentage gain translates into significant returns. The average gross ROI of 8.7% further contextualizes this, showing that while the absolute profit is high, the return relative to the purchase price in this high-cost market is more conservative than in some other regions.
The average time taken to complete a flip in New York, NY (County) was 201 days. This hold length, which falls into the longer hold category (6-12 months), suggests that investors may be undertaking more extensive renovations, navigating complex permitting processes, or employing a more patient market timing strategy to maximize their returns in a competitive environment. The longer holding period can also reflect the time needed to secure the right buyer for a higher-value, renovated property.
Within the state of New York, New York, NY (County) ranks #32 out of 62 counties for flip activity. Its 57 flips constitute a 0.6% share of the state's total flip volume. This indicates that despite its prominence as a major economic hub, New York County's residential flipping market is relatively small in terms of raw count when compared to other counties across the state. This lower volume could be attributed to higher property acquisition costs, making it challenging to achieve the necessary margins for quick turnarounds, or a market structure that favors longer-term investment strategies over rapid flipping.
Local Market Context
New York, NY (County)'s flip activity of 57 homes stands in contrast to the broader state and national trends. The state of New York saw a total of 9,352 residential flips during the same period, while the national total reached 341,944 flips. The county's 0.6% contribution to the state's total underscores its unique market dynamics, where the high entry barrier for property acquisition likely limits the sheer volume of flipping opportunities. This suggests that real estate investors operating in New York County must be highly selective, focusing on specific sub-markets or property types where value-add opportunities can still yield profitable outcomes.
The average gross profit of $158,000, coupled with an average gross ROI of 8.7%, highlights a critical characteristic of the New York market. While the dollar amount of profit per flip is substantial, the percentage return on investment is comparatively lower than what might be seen in less expensive markets. This implies that investors require significant capital outlay for their initial purchases. The average 201 days to flip also points to a market where capital turns slower, requiring investors to have robust financial planning and potentially more extensive renovation budgets. These factors make it imperative for investors to leverage detailed property data and analytical tools for precise deal analysis.
For investors considering opportunities in this market, the data suggests a need for sophisticated strategies. Rather than high-volume, low-margin flips, New York, NY (County) appears to favor a quality-over-quantity approach, focusing on properties that can command premium resale prices after significant improvements. Utilizing advanced property search and smart search capabilities to identify undervalued assets or properties with unique value-add potential becomes crucial. This market demands a keen understanding of local trends and a willingness to commit to longer holding periods to realize substantial gross profits, as evidenced by the $158,000 average. For further insights into specific market trends and investment opportunities, BatchData's comprehensive market reports provide granular data across various geographies and property types.