2600 E 21st St Unit 7C · New York, NY 11235

$315,000

1 bd · 1.0 ba · 800 sqft · Condo · 123 Days on market

Built 1959 ↓ 12% since listing

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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 +19.2/30.0
• ARV discount +7.5/15.0
• DSCR +6.0/10.0
• 1% rule +5.1/10.0
• 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

Bright and well-situated one-bedroom co-op on a top floor in a prime neighborhood Sheepshead Bay. The unit boasts about 800 sqft of living space. Enjoy a windowed kitchen with open views, a windowed fully tiled bathroom, and the comfort of a modern building with great appeal. The apartment is in good condition. Great modern building. Sublet is allowed with board approval. Just minutes from B and Q trains for a seamless city commute. Famous Emmons Avenue promenade with its views of canal, marinas, cafes, restaurants and pastry shops in a short distance. NetCost, Stop and Shop, Cherry Hill and many other supermarkets are a few steps from your door!

Key facts

• Parking
• Built 1959
• Listed 123 days

Property features AI

Exterior

• Parking: 1 parking space (carport: no); Parking features: Waitlist
• Utilities: Sewer: Other; Utilities: See remarks
• Home design: Stock cooperative; Seven-story building; Entry level: 1; Three or more levels
• Construction: Construction materials: Other; Foundation: Other
• Exterior features: Non-waterfront; Construction materials: Other; Foundation: Other

Interior

• Kitchen: Microwave; Refrigerator
• Bedrooms: 3 total rooms (includes bedrooms and living spaces)
• Bathrooms: 1 full bathroom
• Heating & cooling: Steam heating; Wall/window air conditioning unit(s)
• Interior features: Elevator; Pets allowed
• Laundry & utility: Common area laundry

🏢 Co-op / cooperative unit. The $315,000 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 1-bed/1.0-bath condo listed at $315k.

Deal economics

• At list price, monthly cash flow is $272 ($3k/yr) — positive.
• The deal already cash-flows at list — no discount required.
• Meets the 1% rule at list price ($3k rent vs $315k).
• Recommended offer: $277k (12.0% below list) — sets the bar for market timing.
• Cap rate 7.6% 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; 4 comparable units currently listed for rent nearby; rentals at typical pace (median 24d 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 $3,184/mo this rent would consume 64% 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 $9k 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 123 days — a 12% lower offer ($277k) is reasonable based on typical stale-listing flexibility.
• 2 sale attempts; this cycle's ask has dropped $44k (12%) from the opening price — seller is motivated, your offer sets the floor, not the list.

Risks & watch-outs

• Watch-outs: flood insurance adds $66/mo; built in 1959 — expect roof / HVAC / electrical / plumbing capex.
• Climate carrying-cost: major 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 $277,200 (12.0% below list)

Questions for the listing agent

1. It's been on market 123 days. Have you received any prior offers? Is the seller open to a 12% concession, seller financing, or rate buy-down credit?
2. Built in 1959 — when were the roof, HVAC, electrical panel, plumbing, and water heater last replaced?
3. What's the actual annual flood-insurance premium (NFIP or private), and is the property in a SFHA with mandatory coverage?
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. Why hasn't it sold? Are there any deal-killer items the seller is aware of (foundation, flood, title, zoning, code violations)?
6. Is there a deadline driving the sale (1031 exchange, divorce, estate, relocation)? That informs how much negotiation room exists.
7. 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?
8. 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?
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: 1.01% ✓
• Cap rate: 7.58%
• Cash-on-cash: 4.60%
• DSCR: 1.20
• GRM: 8.2

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: -8.1%
• Equity multiple: 0.69×
• Total profit: $-26,970
• Equity at exit: $46,968

10-year hold

• IRR: 3.9%
• Equity multiple: 1.31×
• Total profit: $27,703
• Equity at exit: $27,235

Cash invested: $88,200 (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: 8.2×

Monthly cashflow live

• Estimated rent: $3,184 medium
• Mortgage (P&I): −$1,652
• Tax est. 1.5%: −$394 /mo · $4,725/yr
• Insurance: −$131
• Flood insurance flood zone: −$66 /mo · $798/yr
• HOA: −$0
• Vacancy / Maint / Mgmt: −$669
• Net cashflow: $272

Break-even live

Break-even rent $2,840

Max offer price $315,000

Occupancy floor 86%

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: $78,750
• Closing costs: $9,450
• Reserves months: —
• Total cash needed: —

Rent comps 4 comps

Address	Beds	Baths	Sqft	Rent	$/sqft	DOM	Units	Dist
3000 Emmons Ave Unit 1 Brooklyn, NY	—	1.0	536	$3,273	$6.11	24d	1	0.68mi
3000 Emmons Ave Unit 5 Brooklyn, NY	2.0	2.0	840	$4,085	$4.86	24d	1	0.68mi
3112 Emmons Ave Unit 203 Brooklyn, NY	1.0	1.0	734	$3,200	$4.36	24d	1	0.81mi
532 Neptune Ave Brooklyn, NY	1.0–3.0	1.0–2.0	948	$3,400	$3.58	7d	8	1.49mi

HOA detail condo

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

Listing history 12 events

1. 2026-06-18
   listing id $315,000 Pending 123 DOM
2. 2026-06-17
   listing id $315,000 Pending 123 DOM
3. 2026-05-01
   status Pending

   Show marketing remark (666 chars)

   Bright and well-situated one-bedroom co-op on a top floor in a prime neighborhood Sheepshead Bay. The unit boasts about 800 sqft of living space. Enjoy a windowed kitchen with open views, a windowed fully tiled bathroom, and the comfort of a modern building with great appeal. The apartment is in good condition. Great modern building. Sublet is allowed with board approval. Just minutes from B and Q trains for a seamless city commute. Famous Emmons Avenue promenade with its views of canal, marinas, cafes, restaurants and pastry shops in a short distance. NetCost, Stop and Shop, Cherry Hill and many other supermarkets are a few steps from your door!

4. 2026-05-01
   status Pending 666-char remark

   Show marketing remark (666 chars)

   Bright and well-situated one-bedroom co-op on a top floor in a prime neighborhood Sheepshead Bay. The unit boasts about 800 sqft of living space. Enjoy a windowed kitchen with open views, a windowed fully tiled bathroom, and the comfort of a modern building with great appeal. The apartment is in good condition. Great modern building. Sublet is allowed with board approval. Just minutes from B and Q trains for a seamless city commute. Famous Emmons Avenue promenade with its views of canal, marinas, cafes, restaurants and pastry shops in a short distance. NetCost, Stop and Shop, Cherry Hill and many other supermarkets are a few steps from your door!

5. 2026-04-09
   price $315,000 666-char remark

   Show marketing remark (666 chars)

   Bright and well-situated one-bedroom co-op on a top floor in a prime neighborhood Sheepshead Bay. The unit boasts about 800 sqft of living space. Enjoy a windowed kitchen with open views, a windowed fully tiled bathroom, and the comfort of a modern building with great appeal. The apartment is in good condition. Great modern building. Sublet is allowed with board approval. Just minutes from B and Q trains for a seamless city commute. Famous Emmons Avenue promenade with its views of canal, marinas, cafes, restaurants and pastry shops in a short distance. NetCost, Stop and Shop, Cherry Hill and many other supermarkets are a few steps from your door!

6. 2026-04-09
   price $315,000

   Show marketing remark (666 chars)

   Bright and well-situated one-bedroom co-op on a top floor in a prime neighborhood Sheepshead Bay. The unit boasts about 800 sqft of living space. Enjoy a windowed kitchen with open views, a windowed fully tiled bathroom, and the comfort of a modern building with great appeal. The apartment is in good condition. Great modern building. Sublet is allowed with board approval. Just minutes from B and Q trains for a seamless city commute. Famous Emmons Avenue promenade with its views of canal, marinas, cafes, restaurants and pastry shops in a short distance. NetCost, Stop and Shop, Cherry Hill and many other supermarkets are a few steps from your door!

7. 2026-03-23
   price $325,000 666-char remark

   Show marketing remark (666 chars)

   Bright and well-situated one-bedroom co-op on a top floor in a prime neighborhood Sheepshead Bay. The unit boasts about 800 sqft of living space. Enjoy a windowed kitchen with open views, a windowed fully tiled bathroom, and the comfort of a modern building with great appeal. The apartment is in good condition. Great modern building. Sublet is allowed with board approval. Just minutes from B and Q trains for a seamless city commute. Famous Emmons Avenue promenade with its views of canal, marinas, cafes, restaurants and pastry shops in a short distance. NetCost, Stop and Shop, Cherry Hill and many other supermarkets are a few steps from your door!

8. 2026-03-23
   price $325,000

   Show marketing remark (666 chars)

   Bright and well-situated one-bedroom co-op on a top floor in a prime neighborhood Sheepshead Bay. The unit boasts about 800 sqft of living space. Enjoy a windowed kitchen with open views, a windowed fully tiled bathroom, and the comfort of a modern building with great appeal. The apartment is in good condition. Great modern building. Sublet is allowed with board approval. Just minutes from B and Q trains for a seamless city commute. Famous Emmons Avenue promenade with its views of canal, marinas, cafes, restaurants and pastry shops in a short distance. NetCost, Stop and Shop, Cherry Hill and many other supermarkets are a few steps from your door!

9. 2026-02-03
   price $339,000
10. 2026-02-02
    price $339,000 666-char remark

    Show marketing remark (666 chars)

    Bright and well-situated one-bedroom co-op on a top floor in a prime neighborhood Sheepshead Bay. The unit boasts about 800 sqft of living space. Enjoy a windowed kitchen with open views, a windowed fully tiled bathroom, and the comfort of a modern building with great appeal. The apartment is in good condition. Great modern building. Sublet is allowed with board approval. Just minutes from B and Q trains for a seamless city commute. Famous Emmons Avenue promenade with its views of canal, marinas, cafes, restaurants and pastry shops in a short distance. NetCost, Stop and Shop, Cherry Hill and many other supermarkets are a few steps from your door!

11. 2025-12-29
    listed $359,000 Active

    Show marketing remark (666 chars)

    Bright and well-situated one-bedroom co-op on a top floor in a prime neighborhood Sheepshead Bay. The unit boasts about 800 sqft of living space. Enjoy a windowed kitchen with open views, a windowed fully tiled bathroom, and the comfort of a modern building with great appeal. The apartment is in good condition. Great modern building. Sublet is allowed with board approval. Just minutes from B and Q trains for a seamless city commute. Famous Emmons Avenue promenade with its views of canal, marinas, cafes, restaurants and pastry shops in a short distance. NetCost, Stop and Shop, Cherry Hill and many other supermarkets are a few steps from your door!

12. 2025-12-29
    listed $359,000 Active 666-char remark

    Show marketing remark (666 chars)

    Bright and well-situated one-bedroom co-op on a top floor in a prime neighborhood Sheepshead Bay. The unit boasts about 800 sqft of living space. Enjoy a windowed kitchen with open views, a windowed fully tiled bathroom, and the comfort of a modern building with great appeal. The apartment is in good condition. Great modern building. Sublet is allowed with board approval. Just minutes from B and Q trains for a seamless city commute. Famous Emmons Avenue promenade with its views of canal, marinas, cafes, restaurants and pastry shops in a short distance. NetCost, Stop and Shop, Cherry Hill and many other supermarkets are a few steps from your door!

ⓘ 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 7/10 Severe FEMA zone X (shaded) · 59% 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: $38,206
• − Mortgage interest: −$17,645
• − Property taxes: −$4,725
• − Insurance: −$2,372
• − Repairs & maintenance: −$3,057
• − Management: −$3,057
• − Depreciation: −$9,164
• Taxable loss: −$1,813
• Est. tax savings @ 24.0%: +$435
• After-tax cash flow: $3,698/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

-12.3% since first listed

10 events — show timeline

• 2026-05-01 Pending — OneKey® MLS as Distributed by MLS Grid
• 2026-05-01 Pending — BNYMLS
• 2026-04-09 Price Changed $315,000 BNYMLS
• 2026-04-09 Price Changed $315,000 OneKey® MLS as Distributed by MLS Grid
• 2026-03-23 Price Changed $325,000 BNYMLS
• 2026-03-23 Price Changed $325,000 OneKey® MLS as Distributed by MLS Grid
• 2026-02-03 Price Changed $339,000 OneKey® MLS as Distributed by MLS Grid
• 2026-02-02 Price Changed $339,000 BNYMLS
• 2025-12-29 Listed $359,000 BNYMLS
• 2025-12-29 Listed $359,000 OneKey® MLS as Distributed by MLS Grid