75 W 238th St Unit 2D · New York, NY 10463

$171,500

1 bd · 1.0 ba · 758 sqft · Condo · 101 Days on market

Built 1960 ↓ 10% since listing

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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
• 1% rule +10.0/10.0
• DSCR +10.0/10.0
• ARV discount +7.5/15.0
• Rent growth +5.0/5.0
• Schools +5.0/10.0
• Livability +3.8/5.0
• Condition / age +2.5/5.0
• Appreciation +0.0/10.0

Listing remarks MLS

Spacious One Bedroom considered a Junior-4, with a wall up for extra room that can be used as an office, den or nursery. Plenty of closet space, and a large-sized bedroom. This well-maintained low rise elevator building, built in 1960, offers a virtual doorman. Includes a laundry room, storage (waitlisted), a parking lot (waitlisted), video security, and a live-in super. Located on a quiet street, it's a short walk to Van Cortlandt Park and a commuter's dream! Easy access to local and express buses to Manhattan, the #1 & #4 train, the Major Deegan Expressway, and the Henry Hudson Parkway. The Riverdale Crossing shopping mall district includes outdoor cafes. grocery stores, BJ's Wholesale Club, City MD Urgent Care and Petco. Pet Friendly (2 cats or 1 dog (weight restriction for dogs).

Key facts

• Quiet street
• Video security
• Henry hudson parkway

Tags

• LAUNDRY ROOM
• VIDEO SECURITY
• QUIET STREET
• ACCESS TO #1 & #4 TRAIN
• MAJOR DEEGAN EXPRESSWAY
• HENRY HUDSON PARKWAY

Property features AI

Finance

• HOA & community: Pets allowed

Exterior

• Parking: 150 total parking spaces; Other parking features
• Utilities: Public sewer; Electricity available; Natural gas available; Sewer connected; Public trash collection
• Home design: Stock cooperative
• Construction: Brick construction
• Exterior features: Brick exterior; Not waterfront

Interior

• Kitchen: Oven; Refrigerator
• Bedrooms: Entry level: 2
• Bathrooms: 1 full bathroom
• Heating & cooling: Natural gas heating; Wall/window AC unit(s)
• Interior features: Galley-type kitchen; Pantry; Primary bathroom
• Laundry & utility: Common area laundry

What this means for you Summary

Snapshot

• This is a 1-bed/1.0-bath condo listed at $172k.

Deal economics

• At list price, monthly cash flow is $864 ($10k/yr) — positive.
• The deal already cash-flows at list — no discount required.
• Meets the 1% rule at list price ($3k rent vs $172k).
• Recommended offer: $156k (9.0% below list) — sets the bar for market timing.
• Cap rate 12.3% 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: Rents rising fast (+11.6%/yr); 342 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).
• This rent runs 42% of the median local income ($75k/yr) — at the standard rent-burdened threshold; future hikes will face affordability resistance.

Forward outlook

• Local home prices are declining (-3.0%/yr); year-one equity from $1k of loan paydown is wiped out by about $5k of value loss. Plan a longer hold.
• Bronx County population projected at +21% by 2050 — long-run rental-demand tailwind backs the buy-and-hold thesis.
• At projected returns (-3.0% appreciation + 8.0% rent growth), your $48k cash investment doubles in ~5 years — after that, you're playing with house money.

Negotiation context

• It's been on market 101 days — a 9% lower offer ($156k) is reasonable based on typical stale-listing flexibility.
• 7 sale attempts since 20y ago with the ask held roughly flat each time — persistent listings suggest the price (not the market) is what's stuck; bring a comps-based counter.

Risks & watch-outs

• Climate carrying-cost: 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 $156,065 (9.0% below list)

Questions for the listing agent

1. It's been on market 101 days. Have you received any prior offers? Is the seller open to a 9% concession, seller financing, or rate buy-down credit?
2. Built in 1960 — when were the roof, HVAC, electrical panel, plumbing, and water heater last replaced?
3. 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?
4. Why hasn't it sold? Are there any deal-killer items the seller is aware of (foundation, flood, title, zoning, code violations)?
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. 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?
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: 1.51% ✓
• Cap rate: 12.34%
• Cash-on-cash: 21.59%
• DSCR: 1.96
• GRM: 5.5

CMA / ARV

No comps found within radius.

Projected returns pro-forma

-3.0% appreciation · 8.0% rent growth · sell at horizon

5-year hold

• IRR: 19.7%
• Equity multiple: 1.85×
• Total profit: $40,987
• Equity at exit: $25,571

10-year hold

• IRR: 31.2%
• Equity multiple: 4.52×
• Total profit: $169,101
• Equity at exit: $14,828

Cash invested: $48,020 (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 10463

• Rents YoY: 11.6%
• Active inventory: 342
• Price-to-rent: 5.5×

Monthly cashflow live

• Estimated rent: $2,594 medium
• Mortgage (P&I): −$899
• Tax est. 1.5%: −$214 /mo · $2,572/yr
• Insurance: −$71
• HOA: −$0
• Vacancy / Maint / Mgmt: −$545
• Net cashflow: $864

Break-even live

Break-even rent $1,500

Max offer price $171,500

Occupancy floor 62%

Sensitivity live

Price	-10% $983	-5% $923	+0% $864	+5% $805	+10% $745
Rent	-10% $659	-5% $762	+0% $864	+5% $966	+10% $1,069
Rate	-1.0pp $950	-0.5pp $908	base $864	+0.5pp $820	+1.0pp $774

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: $42,875
• Closing costs: $5,145
• Reserves months: —
• Total cash needed: —

Rent comps 1 comps

Address	Beds	Baths	Sqft	Rent	$/sqft	DOM	Units	Dist
2600 Netherland Ave Bronx, NY	1.0–3.0	1.0–2.5	1132	$2,775	$2.45	22d	3	0.96mi

HOA detail condo

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

Listing history 25 events

1. 2026-06-18
   days on market $171,500 Active 101 DOM
2. 2026-06-17
   days on market $171,500 Active 100 DOM
3. 2026-06-15
   days on market $171,500 Active 98 DOM
4. 2026-06-13
   days on market $171,500 Active 96 DOM
5. 2026-06-10
   days on market $171,500 Active 92 DOM
6. 2026-06-08
   days on market $171,500 Active 91 DOM
7. 2026-06-08
   days on market $171,500 Active 90 DOM
8. 2026-06-04
   days on market $171,500 Active 87 DOM
9. 2026-06-03
   days on market $171,500 Active 86 DOM
10. 2026-06-01
    days on market $171,500 Active 84 DOM
11. 2026-05-31
    days on market $171,500 Active 83 DOM
12. 2026-03-09
    listed $171,500 Active

    Show marketing remark (800 chars)

    Spacious One Bedroom considered a Junior-4, with a wall up for extra room that can be used as an office, den or nursery. Plenty of closet space, and a large-sized bedroom. This well-maintained low rise elevator building, built in 1960, offers a virtual doorman. Includes a laundry room, storage (waitlisted), a parking lot (waitlisted), video security, and a live-in super. Located on a quiet street, it's a short walk to Van Cortlandt Park and a commuter's dream! Easy access to local and express buses to Manhattan, the #1 & #4 train, the Major Deegan Expressway, and the Henry Hudson Parkway. The Riverdale Crossing shopping mall district includes outdoor cafes. grocery stores, BJ's Wholesale Club, City MD Urgent Care and Petco. Pet Friendly (2 cats or 1 dog (weight restriction for dogs).

13. 2026-03-09
    listed $171,500 Active 800-char remark

    Show marketing remark (800 chars)

    Spacious One Bedroom considered a Junior-4, with a wall up for extra room that can be used as an office, den or nursery. Plenty of closet space, and a large-sized bedroom. This well-maintained low rise elevator building, built in 1960, offers a virtual doorman. Includes a laundry room, storage (waitlisted), a parking lot (waitlisted), video security, and a live-in super. Located on a quiet street, it's a short walk to Van Cortlandt Park and a commuter's dream! Easy access to local and express buses to Manhattan, the #1 & #4 train, the Major Deegan Expressway, and the Henry Hudson Parkway. The Riverdale Crossing shopping mall district includes outdoor cafes. grocery stores, BJ's Wholesale Club, City MD Urgent Care and Petco. Pet Friendly (2 cats or 1 dog (weight restriction for dogs).

14. 2014-03-15
    price $170,000 289-char remark

    Show marketing remark (289 chars)

    Great neighborhood!! Consist primarily of 1-4 family homes, attached style dwellings, cooperatives & condomiuniums. Shopping and public transportation are within walking distance. Convenient access to all major highways, the bronx zoo, botanical garden, Bronx and Riverdale schools.

15. 2008-11-12
    soldstatus $170,000 289-char remark

    Show marketing remark (289 chars)

    Great neighborhood!! Consist primarily of 1-4 family homes, attached style dwellings, cooperatives & condomiuniums. Shopping and public transportation are within walking distance. Convenient access to all major highways, the bronx zoo, botanical garden, Bronx and Riverdale schools.

16. 2008-10-03
    price $190,000 289-char remark

    Show marketing remark (289 chars)

    Great neighborhood!! Consist primarily of 1-4 family homes, attached style dwellings, cooperatives & condomiuniums. Shopping and public transportation are within walking distance. Convenient access to all major highways, the bronx zoo, botanical garden, Bronx and Riverdale schools.

17. 2008-09-02
    listed $190,000 289-char remark

    Show marketing remark (289 chars)

    Great neighborhood!! Consist primarily of 1-4 family homes, attached style dwellings, cooperatives & condomiuniums. Shopping and public transportation are within walking distance. Convenient access to all major highways, the bronx zoo, botanical garden, Bronx and Riverdale schools.

18. 2008-08-08
    historical
19. 2008-06-14
    listed
20. 2007-08-13
    historical
21. 2007-04-11
    listed
22. 2007-03-01
    historical
23. 2006-09-20
    listed
24. 2006-08-31
    historical
25. 2006-07-05
    listed

ⓘ 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 1/10 Low FEMA zone X (unshaded) · 0% chance over 30 yrs
• 🔥 Wildfire 2/10 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 3/10 Moderate 3 unhealthy d/yr today · 4 by 30 yrs out

Taxation est. · year 1

• Rental income: $31,127
• − Mortgage interest: −$9,607
• − Property taxes: −$2,572
• − Insurance: −$858
• − Repairs & maintenance: −$2,490
• − Management: −$2,490
• − Depreciation: −$4,989
• Taxable income: $8,121
• Est. tax owed @ 24.0%: −$1,949
• After-tax cash flow: $8,419/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
• County: Bronx County · 1,197,324 people
• City population: 7,731,280
• Metro: New York-Newark-Jersey City, NY-NJ-PA
• Population (ZIP): 69,470
• Household income: $74,974
• Rent vs Own: 64.6% rent · 35.4% own
• Severe rent burden: 5586.0

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: Diverse neighborhood (Simpson 0.65)
• Race & ethnicity: Hispanic / Latino 50% White 30% Two or more races 17% Black 12% Asian 4% Native American 2%
• Hispanic origin (detail): Mexican 3% Puerto Rican 12% Cuban 1% Dominican 25%
• Common ancestry: Scotch-Irish 3% Romanian 2% Lithuanian 1%
• Foreign-born: 30% · Canada, Jamaica, China
• Languages at home: 50% English-only · Spanish 40% Other Indo-European 3% Russian/Polish/Slavic 2%

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: ▼ -294.75%
• Current HPI: 168.0211
• Rent YoY: ▲ 11.60%
• Metro: New York-Newark-Jersey City, NY-NJ-PA
• 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

-9.7% since first listed

14 events — show timeline

• 2026-03-09 Listed $171,500 OneKey® MLS as Distributed by MLS Grid
• 2026-03-09 Listed $171,500 RLS at REBNY
• 2014-03-15 Price Changed $170,000 HGMLS
• 2008-11-12 Sold (MLS) $170,000 HGMLS
• 2008-10-03 Price Changed $190,000 HGMLS
• 2008-09-02 Listed $190,000 HGMLS
• 2008-08-08 Delisted — HGMLS
• 2008-06-14 Listed — HGMLS
• 2007-08-13 Delisted — HGMLS
• 2007-04-11 Listed — HGMLS
• 2007-03-01 Delisted — HGMLS
• 2006-09-20 Listed — HGMLS
• 2006-08-31 Delisted — HGMLS
• 2006-07-05 Listed — HGMLS