474 E 146th St · New York, NY 10455

$929,000

6 bd · 2.0 ba · 2,000 sqft · MultiFamily public records · 13 Days on market

Built 1991 2,000 sqft lot Est $834k · 11% over

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Why this score? — see what drove the B grade

The composite is a weighted blend of 9 inputs, each scored 0–100. Each bar is that input's sub-score; the figure is the points it added to the 100-point composite (weight × sub-score).

• Cash flow +30.0/30.0
• DSCR +10.0/10.0
• 1% rule +7.9/10.0
• Appreciation +6.1/10.0
• Schools +5.0/10.0
• Livability +3.8/5.0
• Rent growth +2.5/5.0
• Condition / age +2.5/5.0
• ARV discount +2.4/15.0

Multi-family units

County records classify this as Multi-Family (2-4 Unit). Listing-text estimate: 2 units. confirmed

Listing remarks

Welcome to this well-maintained 2-family home in the heart of the vibrant Mott Haven section of the Bronx. Offering 6 spacious bedrooms, 2 full bathrooms, and a private driveway, this property presents an excellent opportunity for homeowners and investors alike. Conveniently located near parks, schools, shopping, restaurants, and public transportation, with easy access to Manhattan. Whether you’re seeking multi-generational living or rental income potential, this versatile property is ready for its next chapter. Don’t miss this exceptional opportunity in one of the Bronx’s most rapidly evolving neighborhoods.

Key facts

• Near schools
• Private driveway
• Near shopping

Tags

• PRIVATE DRIVEWAY
• NEAR PARKS
• NEAR SCHOOLS
• NEAR SHOPPING
• NEAR RESTAURANTS
• NEAR PUBLIC TRANSPORTATION

Property features AI

Exterior

• Parking: Private parking
• Utilities: Public sewer; Cable connected; Electricity connected; Natural gas connected
• Home design: Duplex; Approximately 2,000 total building area
• Construction: Brick construction
• Exterior features: Brick exterior; Not waterfront

Interior

• Kitchen: Open kitchen
• Bedrooms: One 4-bedroom unit mentioned
• Bathrooms: Two full bathrooms
• Heating & cooling: Baseboard heating; No central cooling
• Interior features: Open floor plan; Open kitchen; First-floor bedroom; Finished attic with stairs

What this means for you Summary

Snapshot

• This is a 2 × 3-bed/1.0-bath units multifamily listed at $929k.

Deal economics

• At list price, monthly cash flow is $4k ($45k/yr) — positive. Per door: $2k/mo.
• The deal already cash-flows at list — no discount required.
• Meets the 1% rule at list price ($12k rent vs $929k).
• Cap rate 11.1% vs local median 2.6% in New York — top-decile yield for the area; either an underpriced asset or a hidden risk that comps aren't pricing in. Stress-test before assuming the spread holds.

Location & tenants

• Location reads 75/100 on livability (#268 in NY, #4,188 nationally) — a middle-class / working-renter tenant base. Strengths: amenities A+, commute A+, health & safety A; Watch: crime F, cost of living F.
• Market conditions: 26 active listings in the ZIP; 1 comparable units currently listed for rent nearby; 6,929 units permitted in Bronx County in 2024 (6,829 in 5+ unit buildings).

Forward outlook

• In year one you build about $26k of equity ($6k loan paydown + $20k appreciation (2.1% local appreciation)).
• Bronx County population projected at +21% by 2050 — long-run rental-demand tailwind backs the buy-and-hold thesis.
• At projected returns (2.1% appreciation + 3.0% rent growth), your $260k cash investment doubles in ~4 years — after that, you're playing with house money.
• By year 3, paydown + projected appreciation supports a ~$66k cash-out refi (75% LTV) — recoverable capital for the next deal without selling this one.

Negotiation context

• Only 13 days on market — expect competitive offers; lowballing is unlikely to land.

Risks & watch-outs

• Climate carrying-cost: major flood risk; major wind risk, 27% chance of damaging wind over 30y; extreme-heat days projected 7→15/yr by 2055 (HVAC capex compounding) — expect insurance premiums to compound above CPI over the hold.

Recommended offer $929,000

Questions for the listing agent

1. Can we see the unit-by-unit rent roll, current vacancy, and any below-market leases? What's the average tenancy length?
2. What capital expenditures (roof, boiler, parking lot, exteriors) have been made in the last 5 years, and what's planned in the next 2?
3. Is there a deadline driving the sale (1031 exchange, divorce, estate, relocation)? That informs how much negotiation room exists.
4. Schools are B-rated — typically a magnet for longer-tenancy family renters. What's the average tenant stay here, and is there a school-zone premium baked into asking?
5. Crime grade is F in this area — have there been break-ins, vandalism, or insurance claims at this property in the last 3 years? What carrier currently insures it and at what premium?
6. What's the average days-on-market for RENTAL listings here right now (not sales)? A rising rental-DOM trend means longer vacancies and softer asking-rent achievability than the comps imply.
7. What's the recent tenant-quality profile in this submarket — average credit score on applications, eviction rate, late-payment / NSF rate, and stable-employment percentage? A property-management company in the area should have these aggregated.
8. How much new apartment / multifamily construction is in the pipeline within 1–3 miles? Heavy new supply (>2% of stock underway) typically softens rents 12–24 months out; light construction supports rent growth.

Investment metrics

• 1% rule: 1.29% ✓
• Cap rate: 11.13%
• Cash-on-cash: 17.29%
• DSCR: 1.77
• GRM: 6.5

CMA / ARV

• ARV (on-the-fly): $834,000
• Comps found: 9

Show comp detail 9 sales within ~0.75 mi

Address	Dist	Beds/Ba	Sqft	Sold	Price	$/sf	Match
516 E 142nd St E	0.20mi	6/2.0	2,040 (+2%)	12mo	$850,000	$417	77
487 Jackson Ave	0.37mi	5/2.0 (-1)	2,100 (+5%)	7mo	$1,065,000	$507	64
461 E 144th St	0.08mi	6/3.0	2,280 (+14%)	12mo	$965,000	$423	59
427 E 143 St Unit AB	0.16mi	5/4.5 (-1)	1,840 (-8%)	10mo	$899,000	$489	56
440 E 145th St	0.09mi	6/3.0	2,280 (+14%)	24mo	$999,000	$438	49
610 Beech Ter	0.29mi	6/3.0	2,280 (+14%)	17mo	$707,000	$310	45
612 Beech Ter	0.29mi	6/3.0	2,280 (+14%)	17mo	$707,000	$310	45
614 Beech Ter	0.29mi	6/3.0	2,280 (+14%)	17mo	$707,000	$310	45
678 Union Ave	0.70mi	6/3.0	1,932 (-3%)	19mo	$801,500	$415	42

Match score weights: distance 35% · size 25% · config 20% · recency 20%. Top-matched comps best support the ARV.

Projected returns pro-forma

2.14% appreciation · 3.0% rent growth · sell at horizon

5-year hold

• IRR: 21.9%
• Equity multiple: 2.19×
• Total profit: $308,642
• Equity at exit: $373,346

10-year hold

• IRR: 23.6%
• Equity multiple: 4.14×
• Total profit: $817,774
• Equity at exit: $542,993

Cash invested: $260,120 (down + closing). Projections, not guarantees.

Landlord ↔ Tenant lean methodology

• Overall (CITY): 0 Strongly Tenant-Friendly
• State New York: 15 Strongly Tenant-Friendly · D+10
• County: — inherits STATE
• City New York: 0 Strongly Tenant-Friendly · D+34

Rent Stabilization Code; HSTPA; 6+ months in housing court.

Methodology + full state rankings →

ZIP-level market 10455

• Home prices YoY: 1.5%
• Active inventory: 26
• Price-to-rent: 12.9×

Monthly cashflow live

• Estimated rent: $11,971 medium
• Mortgage (P&I): −$4,872
• Tax from tax record: −$450 /mo · $5,406/yr
• Insurance: −$387
• HOA: −$0
• Vacancy / Maint / Mgmt: −$2,514
• Net cashflow: $3,748

Break-even live

Break-even rent $7,227

Max offer price $929,000

Occupancy floor 64%

Sensitivity live

Price	-10% $4,274	-5% $4,011	+0% $3,748	+5% $3,485	+10% $3,222
Rent	-10% $2,802	-5% $3,275	+0% $3,748	+5% $4,221	+10% $4,693
Rate	-1.0pp $4,216	-0.5pp $3,984	base $3,748	+0.5pp $3,507	+1.0pp $3,262

2-unit breakdown (identical units grouped — click to expand)

Units	Beds	Baths	Est. rent
▸ 2× units	3	1	$11,972
Total (2 units)			$11,971

UW: 25.0% down · 7.5% · 30yr · 1.5% tax · 5.0% vac · 8.0% maint · 8.0% mgmt

Financing live

Cash to close

• Down payment: $232,250
• Closing costs: $27,870
• Reserves months: —
• Total cash needed: —

Rent comps 1 comps

Address	Beds	Baths	Sqft	Rent	$/sqft	DOM	Units	Dist
32 E 126th St Unit 3 New York, NY	5.0	2.0	1600	$6,000	$3.75	19d	1	1.32mi

Listing history 9 events

1. 2026-06-15
   statusdays on market $929,000 Pending 13 DOM
2. 2026-06-13
   days on market $929,000 Active 12 DOM
3. 2026-06-09
   days on market $929,000 Active 8 DOM
4. 2026-06-08
   days on market $929,000 Active 7 DOM
5. 2026-06-08
   days on market $929,000 Active 6 DOM
6. 2026-06-04
   days on market $929,000 Active 3 DOM
7. 2026-06-03
   days on market $929,000 Active 2 DOM
8. 2026-06-02
   remarks 616-char remark
9. 2026-06-02
   listed $929,000 Active 1 DOM

ⓘ Source: listings_history table (triggers on properties + properties_extension) + one-shot backfill from property_details.listing_events for pre-trigger history.

Tax reassessment forecast NY · Partial reset (capped growth)

• Current annual tax: $5,406 · $450/mo
• Projected year-2 tax: $10,553 · $879/mo
• Expected delta: +$5,147/yr (+$429/mo · 95.2%)

ⓘ Screening estimate from a state-policy table — verify with the county assessor before closing.

Climate risk First Street

• 🌊 Flood 6/10 Major FEMA zone X (unshaded) · 74% chance over 30 yrs
• 🔥 Wildfire 1/10 Low
• 🌡 Heat 6/10 Major 7 d/yr ≥99°F today · 15 d/yr by 30 yrs out
• 💨 Wind 6/10 Major 27% chance of damaging wind over 30 yrs
• 🫁 Air quality 4/10 Moderate 5 unhealthy d/yr today · 6 by 30 yrs out

Taxation est. · year 1

• Rental income: $143,652
• − Mortgage interest: −$52,038
• − Property taxes: −$5,406
• − Insurance: −$4,645
• − Repairs & maintenance: −$11,492
• − Management: −$11,492
• − Depreciation: −$27,025
• Taxable income: $31,553
• Est. tax owed @ 24.0%: −$7,573
• After-tax cash flow: $37,400/yr

For passive investors: Depreciation is non-cash, so a rental often shows a tax loss while cash-flowing — sheltering income. Rental losses are passive: they offset passive income freely, and up to $25,000/yr can offset ordinary (W-2) income if you actively participate and your MAGI is under $100k (phasing out to $0 by $150k); unused losses carry forward. On sale, claimed depreciation is recaptured at up to 25%, and gains may owe capital-gains tax (a 1031 exchange can defer both). Figures are a year-1 estimate at your 24.0% rate — not tax advice; consult a CPA.

Schools (NCES district)

No district data.

Livability — New York

• Score: 75/100
• State rank: #268
• US rank: #4188

Category grades

Amenities A+ Commute A+ Cost of living F Crime F Employment A- Housing C+ Health & safety A User ratings A

Schools grade is shown separately in the Schools card above.

Census & demographics

• Census place: New York, NY
• City population: 7,731,280
• Population (ZIP): 42,940

Population outlook (Bronx County) Hauer SSP2

• Today (2025): 1,607,353 people
• By 2030: 1,681,852 · +4.6%
• By 2040: 1,824,421 · +13.5%
• By 2050: 1,945,470 · +21.0%
• By 2075: 2,187,887 · +36.1%
• By 2100: 2,244,136 · +39.6%

Race, ethnicity, and origin ACS 2023

• Neighborhood character: Predominantly Hispanic (71%)
• Race & ethnicity: Hispanic / Latino 71% Black 24% Two or more races 17% White 1% Native American 1%
• Hispanic origin (detail): Mexican 15% Puerto Rican 27% Dominican 17%
• Foreign-born: 24% · Canada
• Languages at home: 35% English-only · Spanish 60% French/Haitian/Cajun 1%

Political lean MEDSL · Bronx

• 2024 margin: Solid D (+45.4) · D 72.7% · R 27.3%
• 2008→2024 swing: -32.3pp toward R · 2008: 77.8pp · 2024: 45.4pp
• All cycles: 2024: D+45.4 2020: D+67.6 2016: D+79.1 2012: D+82.9 2008: D+77.8

Not yet ingested

• Civics: —

Market trends

• HPI YoY: ▲ 2.14%
• Current HPI: 145.3911
• Rent YoY: —
• Metro: —
• State GDP YoY: ▲ 2.60%
• F500 in state: 92

Industry mix (Fortune 500 HQ in NY)

Industry	F500 HQs	Revenue
▸Financial Services	10	$950B
▸Consumer Goods	9	$162B
▸Insurance	4	$225B
▸Telecommunications	2	$144B
▸Pharmaceuticals	2	$112B
▸Media / Entertainment	2	$69B

Price history

1 event — show timeline

• 2026-05-31 Listed $929,000 OneKey® MLS as Distributed by MLS Grid

Property tax history

+5.2%/yr

Latest (2025): $5,406 · +1.5% YoY. Source: county tax records.