New York Landlord & Investor Guide
New York pairs world-class markets with some of the country's strongest tenant protections, especially in NYC's rent-stabilized stock.
Income outlook
NYC is a low-yield appreciation and preservation market; upstate metros like Buffalo, Rochester, and Syracuse offer far stronger cash flow at low prices.
Landlord-tenant law at a glance
| Security deposit cap | 1 month's rent (statewide, since the 2019 HSTPA). |
|---|---|
| Deposit return | Within 14 days of move-out, itemized. |
| Rent control | Rent stabilization in NYC and other areas under the ETPA; strong statewide tenant law. |
⚠️ General orientation only — not legal advice. Laws change and vary by city and county. Verify the current statute or consult an attorney before acting. Last reviewed 2026-06-04.
Eviction process
New York evictions are slow and heavily tenant-protective, particularly in NYC. Upstate is more moderate, but timelines run long statewide.
Registering an LLC in New York
Filing agency
New York Department of StateApprox. filing fee
~$200 (Articles of Organization)
Good to know
NY requires LLC newspaper publication (can cost hundreds–thousands, especially downstate) plus a $9 biennial statement.
Strategies that fit New York
Underwriting tip
Underwrite the NY LLC publication cost up front, and treat upstate — not NYC — as the cash-flow play.
New York landlord FAQ
Where in New York do investors find cash flow?+
Upstate metros (Buffalo, Rochester, Syracuse) offer strong rent-to-price ratios, while NYC is an appreciation/preservation market with heavy rent stabilization. Budget for the LLC publication requirement statewide.
Free download
Get the free Rental Property ROI Calculator
The exact Excel workbook behind our calculators — Buy & Hold and BRRRR analyzers, all formulas included. Enter your email and it's yours.