150-30 71 Ave Unit 6C · New York, NY 11367

$350,000

2 bd · 1.0 ba · 1,000 sqft · Condo · 137 Days on market

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Why this score? — see what drove the D 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 +11.9/30.0
• ARV discount +7.5/15.0
• Schools +5.0/10.0
• Livability +3.8/5.0
• DSCR +3.5/10.0
• 1% rule +3.4/10.0
• Rent growth +2.5/5.0
• Condition / age +2.5/5.0
• Appreciation +0.0/10.0

Listing remarks MLS

Lovely 2 Bedroom, 1full bath corner unit with lots of natural light, hardwood floors throughout, in a private gated garden community with 24hrs security. New stainless steel appliances in kitchen with granite countertops. Dining area, plenty closets Laundry in basement. Playground on property. City play ground on street. Near transportation, shopping, restuarants, Queens College. Short bus ride to Flushing. Express bus to NYC. Only 10% downpayment., Additional information: Appearance:Excellent,Interior Features:Efficiency Kitchen,Lr/Dr

Key facts

• Close to schools
• Windowed kitchen
• Windowed bathroom

Tags

• GATED GARDEN COMMUNITY
• WINDOWED KITCHEN
• WINDOWED BATHROOM
• EXCELLENT TRANSPORTATION
• CLOSE TO SUPERMARKETS
• CLOSE TO SCHOOLS

Property features AI

Finance

• Other: 36-unit building
• Financial info: Flip tax applies (10%); Financing options considered: Exchange, Bank Mortgage, Cash, Lease/Purchase, Owner financing, or None; Listing is offered as a sub-lease
• HOA & community: Monthly maintenance fee of $1,170; Managed by dara owners corp; Pets allowed (cats and dogs permitted)

Exterior

• Security: Full-time doorman; Card-operated door
• Utilities: Gas; Heat; Sewer; Water; Other utilities
• Home design: Residential property; Located on 6th floor
• Exterior features: Sprinkler system; Building has a full-time doorman; Card-operated entry door

Interior

• Kitchen: Eat-in kitchen
• Bedrooms: Two bedrooms on the first floor
• Bathrooms: One full bathroom (first floor)
• Heating & cooling: Heat (utility listed); Wall A/C unit
• Interior features: Wall A/C unit

What this means for you Summary

Snapshot

• This is a 2-bed/1.0-bath condo listed at $350k.

Deal economics

• At list price, monthly cash flow is $-87 ($-1k/yr) — negative.
• To cash-flow at today's rent, offer at most $337k (3.6% below list).
• To meet the 1% rule (rent ≥ 1% of price), the offer needs to be $295k (15.7% below list).
• Recommended offer: $295k (15.7% below list) — sets the bar for 1% rule.
• Cap rate 6.0% 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: 259 active listings in the ZIP; 40 comparable units currently listed for rent nearby; rentals at typical pace (median 22d on market — plan ~3-4 weeks tenant-placement turnaround); solid renter incomes; 5,302 units permitted in Queens County in 2024 (4,918 in 5+ unit buildings).
• At $2,951/mo this rent would consume 47% of the median local household income ($75k/yr) (locally 2010% of renters already pay >50% of income on rent) — very limited rent-growth headroom before tenants either downsize or default.

Forward outlook

• Local home prices are declining (-3.0%/yr); year-one equity from $2k of loan paydown is wiped out by about $10k of value loss. Plan a longer hold.
• Queens County population projected at +16% by 2050 — long-run rental-demand tailwind backs the buy-and-hold thesis.

Negotiation context

• It's been on market 137 days — a 12% lower offer ($308k) is reasonable based on typical stale-listing flexibility.
• 2 sale attempts since 7y ago; this cycle's ask has dropped $48k (12%) from the opening price — seller is motivated, your offer sets the floor, not the list.
• Current owner paid $292k; 20% above their basis — modest negotiation headroom, anchor on the comps not their cost.

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 $295,144 (15.7% below list)

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. It's been on market 137 days. Have you received any prior offers? Is the seller open to a 16% concession, seller financing, or rate buy-down credit?
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. 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?
9. 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.
10. 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.
11. 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: 0.84% ✗
• Cap rate: 5.99%
• Cash-on-cash: -1.07%
• DSCR: 0.95
• GRM: 9.9

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: -18.0%
• Equity multiple: 0.37×
• Total profit: $-62,220
• Equity at exit: $52,186

10-year hold

• IRR: -10.2%
• Equity multiple: 0.38×
• Total profit: $-61,145
• Equity at exit: $30,262

Cash invested: $98,000 (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 11367

• Active inventory: 259
• Price-to-rent: 9.9×

Monthly cashflow live

• Estimated rent: $2,951 high
• Mortgage (P&I): −$1,835
• Tax est. 1.5%: −$438 /mo · $5,250/yr
• Insurance: −$146
• HOA: −$0
• Vacancy / Maint / Mgmt: −$620
• Net cashflow: $-87

Break-even live

Break-even rent $3,062

Max offer price $337,392

Occupancy floor 98%

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: $87,500
• Closing costs: $10,500
• Reserves months: —
• Total cash needed: —

Rent comps 40 comps

Address	Beds	Baths	Sqft	Rent	$/sqft	DOM	Units	Dist
150-25 72nd Rd Flushing, NY	1.0	1.0	700	$2,300	$3.29	24d	1	0.05mi
71-82 Parsons Blvd Unit 503 Kew Gardens Hills, NY	2.0	1.5	900	$4,000	$4.44	24d	1	0.26mi
71-82 Parsons Blvd Unit 516 Kew Gardens Hills, NY	2.0	1.5	900	$3,500	$3.89	3d	1	0.26mi
71-82 Parsons Blvd Unit 303 Kew Gardens Hills, NY	2.0	1.5	900	$4,000	$4.44	13d	1	0.26mi
71-82 Parsons Blvd Unit 702 Kew Gardens Hills, NY	1.0	1.0	1000	$2,900	$2.90	20d	1	0.26mi
7157 161 St Apt 5B Flushing, NY	2.0	2.0	1100	$2,600	$2.36	24d	1	0.42mi
7133 162nd St Unit 3F Fresh Meadows, NY	2.0	2.0	850	$2,700	$3.18	24d	1	0.47mi
15325 77th Rd Flushing, NY	3.0	1.0	1224	$3,200	$2.61	24d	1	0.47mi
163-07 72nd Ave Unit 3G Flushing, NY	2.0	2.0	716	$2,900	$4.05	24d	1	0.53mi
144-41 78th Ave Unit 3 Flushing, NY	3.0	2.0	750	$3,300	$4.40	4d	1	0.58mi
144-41 78th Ave Unit 3 Flushing, NY	3.0	2.0	750	$3,500	$4.67	24d	1	0.58mi
7835 147th St Unit 2E Flushing, NY	1.0	1.0	700	$2,200	$3.14	6d	1	0.64mi
7837 Main St Unit 2G Queens, NY	1.0	1.0	700	$2,300	$3.29	24d	1	0.67mi
79-29 153rd St Unit 1st Floor Flushing, NY	3.0	1.0	1200	$3,000	$2.50	24d	1	0.69mi
14112 78th Rd Unit 1G Flushing, NY	1.0	1.0	700	$2,200	$3.14	24d	1	0.74mi
8023 159th St Jamaica, NY	3.0	1.5	1392	$3,000	$2.16	4d	1	0.79mi
135-26 78th Ave Unit 2FL Flushing, NY	2.0	1.0	900	$2,800	$3.11	1d	1	0.79mi
7731 166th St Fresh Meadows, NY	3.0	1.0	1000	$2,700	$2.70	7d	1	0.82mi
16525 Union Tpke Fresh Meadows, NY	2.0	1.0	1000	$2,900	$2.90	24d	1	0.84mi
80-12 165th St Unit 3 Jamaica, NY	2.0	1.5	960	$2,800	$2.92	24d	1	0.86mi
165-23 65th Ave Unit 2 Flushing, NY	3.0	1.5	1200	$3,000	$2.50	22d	1	0.87mi
16612 Union Tpke Fresh Meadows, NY	3.0	2.5	1292	$4,900	$3.79	24d	1	0.90mi
16910 77th Rd Fresh Meadows, NY	3.0	3.0	1200	$4,300	$3.58	24d	1	0.93mi
7629 170th St Fresh Meadows, NY	2.0	1.0	924	$2,800	$3.03	3d	1	0.94mi
15022 58th Ave Flushing, NY	3.0	1.5	1224	$3,300	$2.70	15d	1	0.96mi
150-32 Booth Memorial Ave Unit 1st FL Flushing, NY	3.0	2.0	1080	$3,350	$3.10	17d	1	1.00mi
81-18 138th St Unit 3 Jamaica, NY	3.0	2.0	1000	$3,900	$3.90	24d	1	1.01mi
63-39 136th St Unit 2 Flushing, NY	3.0	2.0	800	$3,200	$4.00	24d	1	1.01mi
138-54 Hoover Ave Unit 3R Jamaica, NY	2.0	1.5	1200	$3,100	$2.58	14d	1	1.03mi
84-03 Lander St Unit 2B Jamaica, NY	2.0	2.0	850	$3,250	$3.82	24d	1	1.07mi
13915 83rd Ave #717 Jamaica, NY	1.0	1.0	800	$2,400	$3.00	4d	1	1.10mi
14160 84th Rd Unit 2G Jamaica, NY	1.0	1.0	700	$2,200	$3.14	13d	1	1.13mi
141-35 Pershing Cres Unit 1B Jamaica, NY	1.0	1.5	1100	$2,800	$2.55	20d	1	1.16mi
61-41 173rd St Unit 3rd fl Flushing, NY	2.0	1.0	1000	$2,500	$2.50	22d	1	1.17mi
8455 Daniels St Unit 5H Jamaica, NY	1.0	1.0	750	$2,300	$3.07	18d	1	1.17mi
16020 84th Rd Jamaica, NY	3.0	1.5	900	$900	$1.00	16d	1	1.20mi
142-23 Booth Memorial Ave Unit 1 Flushing, NY	3.0	1.0	1064	$3,200	$3.01	4d	1	1.21mi
178-05 69th Ave Unit 2 Flushing, NY	2.0	1.0	750	$2,700	$3.60	24d	1	1.28mi
8311 169th St Jamaica, NY	3.0	2.0	1200	$3,100	$2.58	10d	1	1.32mi
123-40 83rd Ave Unit 2107 Jamaica, NY	1.0	1.0	750	$2,573	$3.43	24d	1	1.35mi

HOA detail condo

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

Listing history 17 events

1. 2026-06-18
   days on market $350,000 Active 137 DOM
2. 2026-06-17
   days on market $350,000 Active 136 DOM
3. 2026-06-15
   days on market $350,000 Active 134 DOM
4. 2026-06-13
   days on market $350,000 Active 132 DOM
5. 2026-06-10
   days on market $350,000 Active 128 DOM
6. 2026-06-08
   days on market $350,000 Active 127 DOM
7. 2026-06-04
   days on market $350,000 Active 123 DOM
8. 2026-06-03
   days on market $350,000 Active 122 DOM
9. 2026-06-01
   days on market $350,000 Active 120 DOM
10. 2026-05-31
    days on market $350,000 Active 119 DOM
11. 2026-02-27
    price $350,000
12. 2026-02-24
    price $388,000
13. 2026-02-01
    listed $398,000 Active
14. 2019-11-05
    soldstatus $292,500 Closed 545-char remark

    Show marketing remark (545 chars)

    Lovely 2 Bedroom, 1full bath corner unit with lots of natural light, hardwood floors throughout, in a private gated garden community with 24hrs security. New stainless steel appliances in kitchen with granite countertops. Dining area, plenty closets Laundry in basement. Playground on property. City play ground on street. Near transportation, shopping, restuarants, Queens College. Short bus ride to Flushing. Express bus to NYC. Only 10% downpayment., Additional information: Appearance:Excellent,Interior Features:Efficiency Kitchen,Lr/Dr

15. 2019-08-20
    status Under Contract 545-char remark

    Show marketing remark (545 chars)

    Lovely 2 Bedroom, 1full bath corner unit with lots of natural light, hardwood floors throughout, in a private gated garden community with 24hrs security. New stainless steel appliances in kitchen with granite countertops. Dining area, plenty closets Laundry in basement. Playground on property. City play ground on street. Near transportation, shopping, restuarants, Queens College. Short bus ride to Flushing. Express bus to NYC. Only 10% downpayment., Additional information: Appearance:Excellent,Interior Features:Efficiency Kitchen,Lr/Dr

16. 2019-07-27
    price $299,000 545-char remark

    Show marketing remark (545 chars)

    Lovely 2 Bedroom, 1full bath corner unit with lots of natural light, hardwood floors throughout, in a private gated garden community with 24hrs security. New stainless steel appliances in kitchen with granite countertops. Dining area, plenty closets Laundry in basement. Playground on property. City play ground on street. Near transportation, shopping, restuarants, Queens College. Short bus ride to Flushing. Express bus to NYC. Only 10% downpayment., Additional information: Appearance:Excellent,Interior Features:Efficiency Kitchen,Lr/Dr

17. 2019-07-12
    listed $349,000 New 545-char remark

    Show marketing remark (545 chars)

    Lovely 2 Bedroom, 1full bath corner unit with lots of natural light, hardwood floors throughout, in a private gated garden community with 24hrs security. New stainless steel appliances in kitchen with granite countertops. Dining area, plenty closets Laundry in basement. Playground on property. City play ground on street. Near transportation, shopping, restuarants, Queens College. Short bus ride to Flushing. Express bus to NYC. Only 10% downpayment., Additional information: Appearance:Excellent,Interior Features:Efficiency Kitchen,Lr/Dr

ⓘ 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 6/10 Major FEMA zone X (unshaded) · 57% chance over 30 yrs
• 🔥 Wildfire 1/10 Low
• 🌡 Heat 7/10 Severe 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 6 unhealthy d/yr today · 6 by 30 yrs out

Taxation est. · year 1

• Rental income: $35,417
• − Mortgage interest: −$19,605
• − Property taxes: −$5,250
• − Insurance: −$1,750
• − Repairs & maintenance: −$2,833
• − Management: −$2,833
• − Depreciation: −$10,182
• Taxable loss: −$7,037
• Est. tax savings @ 24.0%: +$1,689
• After-tax cash flow: $643/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: Queens County · 1,914,869 people
• City population: 7,731,280
• Metro: New York-Newark-Jersey City, NY-NJ-PA
• Population (ZIP): 40,923
• Household income: $75,061
• Rent vs Own: 49.5% rent · 50.5% own
• Severe rent burden: 2010.0

Population outlook (Queens County) Hauer SSP2

• Today (2025): 2,546,320 people
• By 2030: 2,643,059 · +3.8%
• By 2040: 2,815,563 · +10.6%
• By 2050: 2,944,423 · +15.6%
• By 2075: 3,123,338 · +22.7%
• By 2100: 3,098,688 · +21.7%

Race, ethnicity, and origin ACS 2023

• Neighborhood character: Highly diverse neighborhood (Simpson 0.72)
• Race & ethnicity: White 42% Asian 25% Hispanic / Latino 19% Black 7% Two or more races 7%
• Hispanic origin (detail): Puerto Rican 3% Dominican 6%
• Common ancestry: Scotch-Irish 5% Romanian 3% Hispanic 1%
• Foreign-born: 41% · China, Canada, Jamaica
• Languages at home: 41% English-only · Chinese 16% Spanish 15% Russian/Polish/Slavic 9%

Political lean MEDSL · Queens

• 2024 margin: Strong D (+24.6) · D 62.3% · R 37.7%
• 2008→2024 swing: -26.2pp toward R · 2008: 50.8pp · 2024: 24.6pp
• All cycles: 2024: D+24.6 2020: D+45.2 2016: D+53.4 2012: D+58.5 2008: D+50.8

Not yet ingested

• Civics: —

Market trends

• HPI YoY: ▼ -211.36%
• Current HPI: 220.6177
• Rent YoY: —
• 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

+0.3% since first listed

7 events — show timeline

• 2026-02-27 Price Changed $350,000 BNYMLS
• 2026-02-24 Price Changed $388,000 BNYMLS
• 2026-02-01 Listed $398,000 BNYMLS
• 2019-11-05 Sold (MLS) $292,500 OneKey® MLS as Distributed by MLS Grid
• 2019-08-20 Pending — OneKey® MLS as Distributed by MLS Grid
• 2019-07-27 Price Changed $299,000 OneKey® MLS as Distributed by MLS Grid
• 2019-07-12 Listed $349,000 OneKey® MLS as Distributed by MLS Grid