100 Brooklyn Ave Unit 3L · Freeport, NY 11520

$255,000

1 bd · 1.0 ba · 950 sqft · Condo · 9 Days on market

Built 1960 Average condition

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Why this score? — see what drove the F 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).

• ARV discount +7.5/15.0
• 1% rule +5.7/10.0
• Schools +4.6/10.0
• Cash flow +4.5/30.0
• Livability +4.2/5.0
• Condition / age +2.8/5.0
• Rent growth +2.5/5.0
• DSCR +0.0/10.0
• Appreciation +0.0/10.0

Listing remarks

An amazing opportunity to own this spacious Junior 4 Co-op with a terrace. This wonderful unit is perfectly situated in the vibrant heart of Freeport. This well maintained home offers a versatile layout featuring a terrace off the second room for relaxing, a generally sized living room and dining area. This unit also features a large primary bedroom with great closet space. The updated kitchen has ample cabinetry and granite countertops, stainless steel dishwasher and microwave oven. The flexible bonus room makes an ideal guest room, home office or den, perfect for todays lifestyle. Conveniently located just moment from the LIRR, commuting to the city and else wear is a breeze. Enjoy easy a

Key facts

• Junior 4 co-op
• Terrace
• Versatile layout

Tags

• JUNIOR 4 CO-OP
• TERRACE
• VERSATILE LAYOUT
• UPDATED KITCHEN
• AMPLE CABINETRY
• GRANITE COUNTERTOPS

What this means for you Summary

Snapshot

• This is a 1-bed/1.0-bath condo listed at $255k. Condition is rated average.

Deal economics

• At list price, monthly cash flow is $-655 ($-8k/yr) — negative.
• The deal already cash-flows at list — no discount required.
• Meets the 1% rule at list price ($3k rent vs $255k).

Location & tenants

• Location reads 83/100 on livability (#69 in NY, #1,033 nationally) — a professional / high-income tenant draw. Strengths: commute A+, employment A+, housing A+; Watch: cost of living F.
• Freeport Union Free School District (suburban): math 49% / reading 55% proficiency, ranked #325 of 590 in NY (top 55%) — acceptable for families but not a draw, mixed tenant base, ~2y average lease.
• Zoned schools: Archer Street School (math 52% / reading 52%, grade C-, #988 of 2,108 statewide, top 49%, 495 students, 75% FRL); John W Dodd Middle School (math 16% / reading 41%, grade F, #569 of 729 statewide, top 78%, 986 students, 67% FRL); Freeport High School (math 82% / reading 85%, grade A, #409 of 1,100 statewide, top 39%, 2,264 students, 62% FRL).
• Market conditions: 199 active listings in the ZIP; 8 comparable units currently listed for rent nearby; rentals lingering (median 46d on market — plan ~5-8 weeks vacancy on turnover, expect pricing pressure); 62% of comp listings sitting > 30 days — soft ceiling on asking rent; 824 units permitted in Nassau County in 2024 (153 in 5+ unit buildings).

Forward outlook

• Local home prices are declining (-3.0%/yr); year-one equity from $2k of loan paydown is wiped out by about $8k of value loss. Plan a longer hold.
• Nassau County population projected at +7% by 2050 — modest demand growth; plan on rents tracking national, not racing it.

Negotiation context

• Only 9 days on market — expect competitive offers; lowballing is unlikely to land.

Risks & watch-outs

• Watch-outs: HOA is 39% of rent.
• Climate carrying-cost: moderate flood risk; major wind risk, 69% chance of damaging wind over 30y; extreme-heat days projected 7→16/yr by 2055 (HVAC capex compounding) — expect insurance premiums to compound above CPI over the hold.

Recommended offer $255,000

Questions for the listing agent

1. What do current leases actually rent for vs. the listed asking? Can we see a recent rent roll and the last 12 months of T-12 income?
2. Built in 1960 — when were the roof, HVAC, electrical panel, plumbing, and water heater last replaced?
3. What does the HOA fee cover, when was the last increase, and are there any pending special assessments or reserve-fund shortfalls?
4. Any open or pending special assessments — roof, HVAC, plumbing, elevator, façade? What's the per-unit balance and payoff schedule, and is the seller paying it off at close or rolling it to the buyer?
5. Is there a deadline driving the sale (1031 exchange, divorce, estate, relocation)? That informs how much negotiation room exists.
6. 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?
7. The area grade is low — what's the realistic commute time and amenity access for the typical tenant pool here? Any planned neighborhood developments (good or bad) we should know about?
8. 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.
9. 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.
10. 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: 1.07% ✓
• Cap rate: 3.21%
• Cash-on-cash: -11.01%
• DSCR: 0.51
• GRM: 7.8

CMA / ARV

No comps found within radius.

Projected returns pro-forma

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

5-year hold

• IRR: -35.8%
• Equity multiple: -0.15×
• Total profit: $-82,359
• Equity at exit: $38,021

10-year hold

• IRR: -45.8%
• Equity multiple: -0.72×
• Total profit: $-122,641
• Equity at exit: $22,048

Cash invested: $71,400 (down + closing). Projections, not guarantees.

Landlord ↔ Tenant lean methodology

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

NYC rent stabilization (~1M units); 2019 HSTPA strengthened tenant rights; courts deeply backlogged.

Methodology + full state rankings →

ZIP-level market 11520

• Active inventory: 199
• Price-to-rent: 7.8×

Monthly cashflow live

• Estimated rent: $2,741 high
• Mortgage (P&I): −$1,337
• Tax est. 1.5%: −$319 /mo · $3,825/yr
• Insurance: −$106
• HOA est. from 1 same-building comp: −$1,058
• Vacancy / Maint / Mgmt: −$576
• Net cashflow: $-655

Break-even live

Break-even rent $3,570

Max offer price $160,192

Occupancy floor —

Sensitivity live

Price	-10% $-479	-5% $-567	+0% $-655	+5% $-743	+10% $-831
Rent	-10% $-872	-5% $-763	+0% $-655	+5% $-547	+10% $-439
Rate	-1.0pp $-527	-0.5pp $-590	base $-655	+0.5pp $-721	+1.0pp $-788

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: $63,750
• Closing costs: $7,650
• Reserves months: —
• Total cash needed: —

Rent comps 8 comps

Address	Beds	Baths	Sqft	Rent	$/sqft	DOM	Units	Dist
178 Pine St Freeport, NY	1.0	1.0	745	$2,588	$3.47	4d	3	0.23mi
74 Broadway Unit 3B Freeport, NY	1.0	1.0	525	$2,700	$5.14	45d	1	0.37mi
87-89 S Main St Unit 204 Freeport, NY	1.0	1.0	900	$2,900	$3.22	45d	1	0.46mi
237 Porterfield Pl Freeport, NY	1.0	1.0	659	$3,100	$4.70	45d	1	0.76mi
840 Seaman Ave Unit 2w Baldwin, NY	2.0	1.0	850	$2,500	$2.94	15d	1	1.07mi
2092 Grand Ave Unit 2 Baldwin, NY	2.0	1.0	1000	$2,800	$2.80	45d	1	1.08mi
1654 Grand Ave Unit 2 Baldwin, NY	1.0	1.0	1000	$2,800	$2.80	26d	1	1.39mi
1690 Grand Ave Unit B2 North Baldwin, NY	1.0	1.0	750	$2,800	$3.73	45d	1	1.39mi

HOA detail condo

• Monthly dues: $0 · $0/yr
• Assessments: None detected in remarks — confirm with the listing agent.

Listing history 2 events

1. 2026-06-09
   remarks 699-char remark
2. 2026-06-09
   listed $255,000 Pending 9 DOM

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

Climate risk First Street

• 🌊 Flood 5/10 Major FEMA zone X (unshaded) · 24% chance over 30 yrs
• 🔥 Wildfire 2/10 Low
• 🌡 Heat 6/10 Major 7 d/yr ≥95°F today · 16 d/yr by 30 yrs out
• 💨 Wind 6/10 Major 69% chance of damaging wind over 30 yrs
• 🫁 Air quality 4/10 Moderate 5 unhealthy d/yr today · 8 by 30 yrs out

Taxation est. · year 1

• Rental income: $32,887
• − Mortgage interest: −$14,284
• − Property taxes: −$3,825
• − Insurance: −$1,275
• − Repairs & maintenance: −$2,631
• − Management: −$2,631
• − HOA: −$12,696
• − Depreciation: −$7,418
• Taxable loss: −$11,873
• Est. tax savings @ 24.0%: +$2,850
• After-tax cash flow: $-5,013/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.

Condition & rehab AI · 12 photos

Average 55/100 Cosmetic rehab

This well-maintained but dated condo offers a spacious layout with a terrace and a flexible bonus room. It requires some cosmetic updates, such as fresh paint and new flooring, to enhance its resale value.

Repairs flagged

• Minor Paint — Paint appears faded
• Minor Flooring — Carpeted floors in living areas, tile in kitchen

Value-add opportunities

• Resale Paint — Fresh paint can make a significant difference in a home's appearance
• Resale Flooring — New flooring can enhance the overall look and feel of the home
• Resale Kitchen cabinets — Updating dated cabinets can improve the kitchen's functionality and aesthetics
• Resale Bathroom fixtures — Upgrading small bathroom fixtures can make a big impact on the home's overall appeal

Renovation cost estimate screening

Repair item	Severity	Est. cost
Paint · Paint appears faded	Minor	$500–3,000
Flooring · Carpeted floors in living areas, tile in kitchen	Minor	$500–3,000
Total estimated repair cost · 2 items		$1,000–6,000

Value-add ROI direction

• Resale Paint — Fresh paint can make a significant difference in a home's appearance ↑
• Resale Flooring — New flooring can enhance the overall look and feel of the home ↑
• Resale Kitchen cabinets — Updating dated cabinets can improve the kitchen's functionality and aesthetics ↑
• Resale Bathroom fixtures — Upgrading small bathroom fixtures can make a big impact on the home's overall appeal ↑

ⓘ Cost ranges are severity-bucket heuristics (US national rule-of-thumb). Get contractor quotes + a written scope before underwriting a rehab budget.

Schools (NCES district)

• District: Freeport Union Free School District
• NCES district ID: 3611550
• Math proficiency: 49% ▼ -4.00%
• Reading proficiency: 55% ▲ 2.00%
• Median HH income: $67,772
• Composite: 46.12/100
• National rank: #2507
• State rank: #325 of 590 in NY

Livability — Freeport

• Score: 83/100
• State rank: #69
• US rank: #1033

Category grades

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

Schools grade is shown separately in the Schools card above.

Census & demographics

• Census place: Freeport, NY
• City population: 44,873
• Population (ZIP): 44,873

Population outlook (Nassau County) Hauer SSP2

• Today (2025): 1,409,302 people
• By 2030: 1,431,482 · +1.6%
• By 2040: 1,471,607 · +4.4%
• By 2050: 1,502,845 · +6.6%
• By 2075: 1,575,403 · +11.8%
• By 2100: 1,554,356 · +10.3%

Race, ethnicity, and origin ACS 2023

• Neighborhood character: Diverse neighborhood (Simpson 0.67)
• Race & ethnicity: Hispanic / Latino 43% Black 33% White 19% Two or more races 17% Asian 2%
• Hispanic origin (detail): Puerto Rican 4% Dominican 15%
• Common ancestry: Hispanic 5% Scotch-Irish 1% Romanian 1%
• Foreign-born: 34% · Canada, Jamaica, Guatemala
• Languages at home: 55% English-only · Spanish 38% French/Haitian/Cajun 3% Other Indo-European 1%

Political lean MEDSL · Nassau

• 2024 margin: Toss-up / Even · D 47.9% · R 52.1%
• 2008→2024 swing: -12.6pp toward R · 2008: 8.4pp · 2024: -4.2pp
• All cycles: 2024: R+4.2 2020: D+9.5 2016: D+5.3 2012: D+6.7 2008: D+8.4

Not yet ingested

• Civics: —

Market trends

• HPI YoY: ▼ -721.06%
• Current HPI: 317.6076
• 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

2 events — show timeline

• 2026-06-09 Pending — OneKey® MLS as Distributed by MLS Grid
• 2026-04-13 Listed $255,000 OneKey® MLS as Distributed by MLS Grid