2430 Haring St Unit 5F · New York, NY 11235

$329,000

2 bd · 1.0 ba · 1,000 sqft · Condo · 134 Days on market

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Why this score? — see what drove the C- 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 +18.6/30.0
• ARV discount +7.5/15.0
• DSCR +5.8/10.0
• 1% rule +5.0/10.0
• Schools +5.0/10.0
• Rent growth +3.8/5.0
• Livability +3.8/5.0
• Condition / age +2.5/5.0
• Appreciation +0.0/10.0

Listing remarks MLS

Sheepshead Bay-2 BEDROOM CO-OP APARTMENT ON THE 5TH FLOOR! the 950 sq. ft. apartment boasts a perfect layout that lends itself to a comfortable setting, enter into the oversized living room/dining room area (perfect for a live/work set up), western exposure lends itself to being super bright & airy, full kitchen with window, larger bedroom offers 2 windows and plenty of closet space, second bedroom is well proportioned with window and additional closet, all utilities and real estate taxes are included in the maintenance of $634.51, short wait list for parking ($65 extra per month), great location, close to all, this unit is in original condition so bring your imagination to make it your own, owners will listen to all offers, make your appointment today!!

Key facts

• New floors
• Custom extra storage
• Extra large co-op

Tags

• EXTRA LARGE CO-OP
• CUSTOM BUILT
• KITCHEN WITH WINDOW
• OFFICE ROOM
• NEW FLOORS
• CUSTOM EXTRA STORAGE

Property features AI

Finance

• Other: 240 total units in the building; Card-operated laundry and resident superintendent listed among building amenities
• Financial info: Financing available: Bank mortgage or cash; Flip tax: 25% fee
• HOA & community: Monthly maintenance/ common fee; Managed by DPM; Pets are not allowed; Co-op shares: 79

Exterior

• Parking: Garage (wait-list)
• Security: Secure lobby; Intercom door
• Utilities: Electric; Gas; Heat; Sewer; Water
• Home design: Residential property
• Exterior features: Located on 5th floor; Cross streets: Ave Y and Ave X

Interior

• Kitchen: Stove; Refrigerator
• Bedrooms: 2 bedrooms on the first floor
• Bathrooms: 1 full bathroom on the first floor
• Heating & cooling: Heat; No AC units reported
• Interior features: Elevator; Intercom door; Secure lobby; Resident superintendent
• Laundry & utility: Card-operated laundry

🏢 Co-op / cooperative unit. The $329,000 price buys shares in the cooperative corporation, not the real estate itself — so it isn't comparable to a fee-simple sale price, and the cashflow / cap-rate / 1%-rule cards below (which assume you own the property and can rent it out) don't apply here. Expect board approval and a monthly maintenance fee on top of the price.

What this means for you Summary

Snapshot

• This is a 2-bed/1.0-bath condo listed at $329k.

Deal economics

• At list price, monthly cash flow is $317 ($4k/yr) — positive.
• The deal already cash-flows at list — no discount required.
• To meet the 1% rule (rent ≥ 1% of price), the offer needs to be $328k (0.3% below list).
• Recommended offer: $290k (12.0% below list) — sets the bar for market timing.
• Cap rate 7.5% 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 (+5.0%/yr); 521 active listings in the ZIP; 3 comparable units currently listed for rent nearby; rentals at typical pace (median 25d on market — plan ~3-4 weeks tenant-placement turnaround); 10,063 units permitted in Kings County in 2024 (9,789 in 5+ unit buildings).
• At $3,280/mo this rent would consume 66% of the median local household income ($60k/yr) (locally 7823% 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.
• Kings County population projected at +13% by 2050 — modest demand growth; plan on rents tracking national, not racing it.

Negotiation context

• It's been on market 134 days — a 12% lower offer ($290k) is reasonable based on typical stale-listing flexibility.
• 2 sale attempts since 5y 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.
• Current owner paid $225k; 46% above their basis — modest negotiation headroom, anchor on the comps not their cost.

Risks & watch-outs

• Climate carrying-cost: moderate flood risk; major wind risk, 72% 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 $289,520 (12.0% below list)

Questions for the listing agent

1. It's been on market 134 days. Have you received any prior offers? Is the seller open to a 12% concession, seller financing, or rate buy-down credit?
2. 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?
3. Why hasn't it sold? Are there any deal-killer items the seller is aware of (foundation, flood, title, zoning, code violations)?
4. Is there a deadline driving the sale (1031 exchange, divorce, estate, relocation)? That informs how much negotiation room exists.
5. 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?
6. 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?
7. 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.
8. 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.
9. 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: 1.00% ✗
• Cap rate: 7.45%
• Cash-on-cash: 4.14%
• DSCR: 1.18
• GRM: 8.4

CMA / ARV

No comps found within radius.

Projected returns pro-forma

-3.0% appreciation · 5.04% rent growth · sell at horizon

5-year hold

• IRR: -7.5%
• Equity multiple: 0.72×
• Total profit: $-26,175
• Equity at exit: $49,055

10-year hold

• IRR: 4.5%
• Equity multiple: 1.36×
• Total profit: $32,831
• Equity at exit: $28,446

Cash invested: $92,120 (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 11235

• Rents YoY: 5.0%
• Active inventory: 521
• Price-to-rent: 8.4×

Monthly cashflow live

• Estimated rent: $3,280 medium
• Mortgage (P&I): −$1,725
• Tax est. 1.5%: −$411 /mo · $4,935/yr
• Insurance: −$137
• HOA: −$0
• Vacancy / Maint / Mgmt: −$689
• Net cashflow: $317

Break-even live

Break-even rent $2,878

Max offer price $329,000

Occupancy floor 85%

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: $82,250
• Closing costs: $9,870
• Reserves months: —
• Total cash needed: —

Rent comps 3 comps

Address	Beds	Baths	Sqft	Rent	$/sqft	DOM	Units	Dist
3000 Emmons Ave Unit 5 Brooklyn, NY	2.0	2.0	840	$4,085	$4.86	24d	1	0.67mi
3112 Emmons Ave Unit 203 Brooklyn, NY	1.0	1.0	734	$3,200	$4.36	24d	1	0.68mi
2023 Quentin Rd Unit 3 FL Brooklyn, NY	2.0	1.0	1200	$2,700	$2.25	24d	1	1.29mi

HOA detail condo

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

Listing history 14 events

1. 2026-06-18
   days on market $329,000 Active 134 DOM
2. 2026-06-17
   days on market $329,000 Active 133 DOM
3. 2026-06-15
   days on market $329,000 Active 131 DOM
4. 2026-06-13
   days on market $329,000 Active 129 DOM
5. 2026-06-10
   days on market $329,000 Active 125 DOM
6. 2026-06-08
   days on market $329,000 Active 124 DOM
7. 2026-06-04
   days on market $329,000 Active 120 DOM
8. 2026-06-03
   days on market $329,000 Active 119 DOM
9. 2026-06-01
   days on market $329,000 Active 117 DOM
10. 2026-05-31
    days on market $329,000 Active 116 DOM
11. 2026-02-04
    listed $329,000 Active
12. 2022-04-08
    soldstatus $225,000 Sold 768-char remark

    Show marketing remark (768 chars)

    Sheepshead Bay-2 BEDROOM CO-OP APARTMENT ON THE 5TH FLOOR! the 950 sq. ft. apartment boasts a perfect layout that lends itself to a comfortable setting, enter into the oversized living room/dining room area (perfect for a live/work set up), western exposure lends itself to being super bright & airy, full kitchen with window, larger bedroom offers 2 windows and plenty of closet space, second bedroom is well proportioned with window and additional closet, all utilities and real estate taxes are included in the maintenance of $634.51, short wait list for parking ($65 extra per month), great location, close to all, this unit is in original condition so bring your imagination to make it your own, owners will listen to all offers, make your appointment today!!

13. 2022-01-27
    status Pending 768-char remark

    Show marketing remark (768 chars)

    Sheepshead Bay-2 BEDROOM CO-OP APARTMENT ON THE 5TH FLOOR! the 950 sq. ft. apartment boasts a perfect layout that lends itself to a comfortable setting, enter into the oversized living room/dining room area (perfect for a live/work set up), western exposure lends itself to being super bright & airy, full kitchen with window, larger bedroom offers 2 windows and plenty of closet space, second bedroom is well proportioned with window and additional closet, all utilities and real estate taxes are included in the maintenance of $634.51, short wait list for parking ($65 extra per month), great location, close to all, this unit is in original condition so bring your imagination to make it your own, owners will listen to all offers, make your appointment today!!

14. 2021-12-04
    listed $238,000 Active 768-char remark

    Show marketing remark (768 chars)

    Sheepshead Bay-2 BEDROOM CO-OP APARTMENT ON THE 5TH FLOOR! the 950 sq. ft. apartment boasts a perfect layout that lends itself to a comfortable setting, enter into the oversized living room/dining room area (perfect for a live/work set up), western exposure lends itself to being super bright & airy, full kitchen with window, larger bedroom offers 2 windows and plenty of closet space, second bedroom is well proportioned with window and additional closet, all utilities and real estate taxes are included in the maintenance of $634.51, short wait list for parking ($65 extra per month), great location, close to all, this unit is in original condition so bring your imagination to make it your own, owners will listen to all offers, make your appointment today!!

ⓘ 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) · 27% chance over 30 yrs
• 🔥 Wildfire 1/10 Low
• 🌡 Heat 7/10 Severe 7 d/yr ≥97°F today · 16 d/yr by 30 yrs out
• 💨 Wind 6/10 Major 72% chance of damaging wind over 30 yrs
• 🫁 Air quality 5/10 Major 6 unhealthy d/yr today · 8 by 30 yrs out

Taxation est. · year 1

• Rental income: $39,358
• − Mortgage interest: −$18,429
• − Property taxes: −$4,935
• − Insurance: −$1,645
• − Repairs & maintenance: −$3,149
• − Management: −$3,149
• − Depreciation: −$9,571
• Taxable loss: −$1,519
• Est. tax savings @ 24.0%: +$365
• After-tax cash flow: $4,174/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: Kings County · 2,614,986 people
• City population: 7,731,280
• Metro: New York-Newark-Jersey City, NY-NJ-PA
• Population (ZIP): 78,558
• Household income: $59,661
• Rent vs Own: 65.2% rent · 34.8% own
• Severe rent burden: 7823.0

Population outlook (Kings County) Hauer SSP2

• Today (2025): 2,847,441 people
• By 2030: 2,937,006 · +3.1%
• By 2040: 3,095,491 · +8.7%
• By 2050: 3,228,968 · +13.4%
• By 2075: 3,321,723 · +16.7%
• By 2100: 3,111,387 · +9.3%

Race, ethnicity, and origin ACS 2023

• Neighborhood character: Predominantly White (67%)
• Race & ethnicity: White 67% Asian 15% Two or more races 9% Hispanic / Latino 9% Black 3%
• Hispanic origin (detail): Mexican 3% Puerto Rican 3%
• Common ancestry: Scotch-Irish 15% Subsaharan African 12% Romanian 2%
• Foreign-born: 63% · China, Canada, Vietnam
• Languages at home: 24% English-only · Russian/Polish/Slavic 48% Chinese 7% Spanish 7%

Political lean MEDSL · Kings

• 2024 margin: Solid D (+44.0) · D 72.0% · R 28.0%
• 2008→2024 swing: -15.5pp toward R · 2008: 59.4pp · 2024: 44.0pp
• All cycles: 2024: D+44.0 2020: D+54.8 2016: D+61.8 2012: D+63.9 2008: D+59.4

Not yet ingested

• Civics: —

Market trends

• HPI YoY: ▼ -181.73%
• Current HPI: 303.6714
• Rent YoY: ▲ 5.04%
• 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

+38.2% since first listed

4 events — show timeline

• 2026-02-04 Listed $329,000 BNYMLS
• 2022-04-08 Sold (MLS) $225,000 BNYMLS
• 2022-01-27 Pending — BNYMLS
• 2021-12-04 Listed $238,000 BNYMLS