112-30 Northern Blvd Unit 2A · New York, NY 11368

$223,000

1 bd · 1.0 ba · 750 sqft · Condo · 100 Days on market

Built 1953

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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 +29.2/30.0
• DSCR +10.0/10.0
• Appreciation +8.7/10.0
• 1% rule +8.2/10.0
• ARV discount +7.5/15.0
• Schools +5.0/10.0
• Livability +3.8/5.0
• Rent growth +2.5/5.0
• Condition / age +2.5/5.0

Listing remarks MLS

Elegant and affordable Second floor corner unit apartment. This elegant apartment has a fantastic layout. Enter the open foyer to find excellent storage space with 2 closets. From here you can find an updated kitchen with a large window for ventilation. The open living room/dining area enjoys hardwood floors, a double panel window for light and ventilation. Original bathroom with window for ventilation. The bedroom is a corner room having 2 opposite windows and hardwood floors and closet. This apartment enjoys fantastic light. Maintenance is $1,140. Parking available on waitlist. Storage room available and bicycle storage as well. Clubhouse with kitchen and bathroom. Near Citifield, parks, shopping and more., Additional information: Appearance:Excellent,Interior Features:Efficiency Kitchen,Lr/Dr

Key facts

• New kitchen
• White cabinets
• Dishwasher

Tags

• NATURAL LIGHT
• NEW KITCHEN
• WHITE CABINETS
• STAINLESS STEEL APPLIANCES
• DISHWASHER
• TILE FLOORING

What this means for you Summary

Snapshot

• This is a 1-bed/1.0-bath condo listed at $223k.

Deal economics

• At list price, monthly cash flow is $779 ($9k/yr) — positive.
• The deal already cash-flows at list — no discount required.
• Meets the 1% rule at list price ($3k rent vs $223k).
• Recommended offer: $203k (9.0% below list) — sets the bar for market timing.
• Cap rate 10.5% 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: 243 active listings in the ZIP; 40 comparable units currently listed for rent nearby; rentals at typical pace (median 25d on market — plan ~3-4 weeks tenant-placement turnaround); 5,302 units permitted in Queens County in 2024 (4,918 in 5+ unit buildings).
• At $2,937/mo this rent would consume 49% of the median local household income ($72k/yr) (locally 6817% of renters already pay >50% of income on rent) — very limited rent-growth headroom before tenants either downsize or default.

Forward outlook

• In year one you build about $18k of equity ($2k loan paydown + $16k appreciation (7.4% local appreciation)).
• Queens County population projected at +16% by 2050 — long-run rental-demand tailwind backs the buy-and-hold thesis.
• At projected returns (7.4% appreciation + 3.0% rent growth), your $62k cash investment doubles in ~3 years — after that, you're playing with house money.
• By year 3, paydown + projected appreciation supports a ~$45k cash-out refi (75% LTV) — recoverable capital for the next deal without selling this one.

Negotiation context

• It's been on market 100 days — a 9% lower offer ($203k) is reasonable based on typical stale-listing flexibility.
• 2 sale attempts since 3y 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 $135k; list at $223k implies a 65% gain — meaningful room to come down on a strong offer.

Risks & watch-outs

• Watch-outs: built in 1953 — expect roof / HVAC / electrical / plumbing capex.

Recommended offer $202,930 (9.0% below list)

Questions for the listing agent

1. It's been on market 100 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 1953 — 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: 1.32% ✓
• Cap rate: 10.49%
• Cash-on-cash: 14.97%
• DSCR: 1.67
• GRM: 6.3

CMA / ARV

No comps found within radius.

Projected returns pro-forma

7.4% appreciation · 3.0% rent growth · sell at horizon

5-year hold

• IRR: 30.6%
• Equity multiple: 3.13×
• Total profit: $133,045
• Equity at exit: $160,394

10-year hold

• IRR: 27.6%
• Equity multiple: 6.59×
• Total profit: $349,261
• Equity at exit: $310,137

Cash invested: $62,440 (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 11368

• Home prices YoY: 2.7%
• Active inventory: 243
• Price-to-rent: 6.3×

Monthly cashflow live

• Estimated rent: $2,937 high
• Mortgage (P&I): −$1,169
• Tax est. 1.5%: −$279 /mo · $3,345/yr
• Insurance: −$93
• HOA: −$0
• Vacancy / Maint / Mgmt: −$617
• Net cashflow: $779

Break-even live

Break-even rent $1,951

Max offer price $223,000

Occupancy floor 68%

Sensitivity live

Price	-10% $933	-5% $856	+0% $779	+5% $702	+10% $625
Rent	-10% $547	-5% $663	+0% $779	+5% $895	+10% $1,011
Rate	-1.0pp $891	-0.5pp $836	base $779	+0.5pp $721	+1.0pp $663

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: $55,750
• Closing costs: $6,690
• Reserves months: —
• Total cash needed: —

Rent comps 40 comps

Address	Beds	Baths	Sqft	Rent	$/sqft	DOM	Units	Dist
54-01 108th St Unit 2R Flushing, NY	2.0	1.0	1000	$3,050	$3.05	25d	1	0.69mi
13105 40th Rd Flushing, NY	1.0	1.0	626	$3,350	$5.35	19d	3	0.69mi
13105 40th Rd Flushing, NY	2.0	1.0–2.0	762	$3,675	$4.82	4d	3	0.69mi
13119 Fowler Ave Unit 7C Flushing, NY	2.0	2.0	810	$3,300	$4.07	19d	1	0.71mi
10302 42nd Ave Unit 4D Corona, NY	2.0	1.5	761	$3,400	$4.47	19d	1	0.78mi
4142 College Point Blvd Unit 6A Flushing, NY	2.0	2.0	868	$3,000	$3.46	3d	1	0.81mi
13203 Sanford Ave Unit 7E Flushing, NY	2.0	2.0	702	$2,800	$3.99	25d	1	0.84mi
13208 Pople Ave Unit 4A Flushing, NY	1.0	1.0	650	$2,500	$3.85	25d	1	0.84mi
4028 College Point Blvd #912 Flushing, NY	2.0	2.0	1083	$4,200	$3.88	25d	1	0.85mi
4105 College Point Blvd Unit 5I Flushing, NY	2.0	2.0	600	$2,600	$4.33	5d	1	0.85mi
13101 40th Rd Unit 2P Flushing, NY	1.0	1.0	761	$3,300	$4.34	25d	1	0.85mi
4022 College Point Blvd Flushing, NY	1.0–2.0	1.0–2.0	983	$3,200	$3.25	25d	2	0.85mi
3730 103rd St Corona, NY	1.0	1.0	540	$1,800	$3.33	19d	1	0.85mi
13222 41st Rd #501 Flushing, NY	2.0	2.0	843	$3,400	$4.03	25d	1	0.87mi
13226 Avery Ave Unit 8A Flushing, NY	2.0	2.0	725	$2,800	$3.86	4d	1	0.87mi
13239 Pople Ave Unit 6D Flushing, NY	1.0	1.0	750	$2,500	$3.33	5d	1	0.89mi
61-20 Grand Central Pkwy Unit Bb706 Forest Hills, NY	2.0	1.0	970	$2,850	$2.94	19d	1	0.90mi
3260 106th St East Elmhurst, NY	1.0	1.0	600	$3,250	$5.42	0d	1	0.92mi
133-38 Avery Ave Unit 3F-B Flushing, NY	2.0	2.0	884	$2,600	$2.94	25d	1	0.94mi
13327 39th Ave Unit 3N Flushing, NY	1.0	1.0	720	$3,600	$5.00	25d	1	0.96mi
133-08 41st Rd Flushing, NY	2.0	1.0	700	$2,300	$3.29	25d	1	0.97mi
3916 Prince St Flushing, NY	1.0	1.0	530	$2,900	$5.47	16d	2	1.02mi
10849 63rd Ave Unit 2C Forest Hills, NY	—	1.0	600	$1,900	$3.17	25d	1	1.07mi
102-45 62nd Rd Unit 7J Forest Hills, NY	1.0	1.0	770	$2,950	$3.83	25d	1	1.11mi
13618 Maple Ave Unit 5B Flushing, NY	2.0	2.0	836	$3,490	$4.17	25d	1	1.12mi
31-47 102nd St Unit 2 fl Flushing, NY	2.0	1.0	650	$2,600	$4.00	25d	1	1.16mi
13416 35th Ave Unit 7E Flushing, NY	2.0	2.0	681	$3,300	$4.85	25d	1	1.20mi
137-02 Northern Blvd Unit 2F Flushing, NY	1.0	1.0	800	$2,550	$3.19	0d	1	1.21mi
137-02 Northern Blvd Unit 6K Flushing, NY	2.0	1.0	900	$2,850	$3.17	11d	1	1.21mi
3371 Prince St Unit 7C Flushing, NY	2.0	2.0	773	$4,025	$5.21	16d	1	1.24mi
3371 Prince St Unit 8J Flushing, NY	2.0	2.0	741	$4,075	$5.50	16d	1	1.24mi
3371 Prince St Unit 8F Flushing, NY	2.0	2.0	716	$4,050	$5.66	16d	1	1.24mi
3371 Prince St Unit 6K Flushing, NY	2.0	2.0	768	$4,000	$5.21	16d	1	1.24mi
102-06 63rd Ave #2 Queens, NY	2.0	1.0	1000	$3,000	$3.00	25d	1	1.25mi
13835 39th Ave Flushing, NY	2.0–3.0	2.0	1000	$4,500	$4.50	2d	2	1.28mi
13835 39th Ave Flushing, NY	2.0	2.0	1014	$4,350	$4.29	25d	2	1.28mi
2724 Gillmore St Unit 2 East Elmhurst, NY	1.0	1.0	576	$2,300	$3.99	25d	1	1.29mi
6155 98th St Unit 8B Rego Park, NY	1.0	1.0	700	$2,500	$3.57	5d	1	1.30mi
6405 Yellowstone Blvd Flushing, NY	1.0	1.0–1.5	920	$3,075	$3.34	25d	2	1.31mi
6405 Yellowstone Blvd Unit 403S Forest Hills, NY	1.0	1.0	720	$3,100	$4.31	25d	1	1.31mi

HOA detail condo

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

Listing history 6 events

1. 2026-03-21
   status Pending
2. 2026-01-19
   price $223,000
3. 2025-12-10
   listed $225,000 Active
4. 2024-01-31
   soldstatus $135,000 Closed 806-char remark

   Show marketing remark (806 chars)

   Elegant and affordable Second floor corner unit apartment. This elegant apartment has a fantastic layout. Enter the open foyer to find excellent storage space with 2 closets. From here you can find an updated kitchen with a large window for ventilation. The open living room/dining area enjoys hardwood floors, a double panel window for light and ventilation. Original bathroom with window for ventilation. The bedroom is a corner room having 2 opposite windows and hardwood floors and closet. This apartment enjoys fantastic light. Maintenance is $1,140. Parking available on waitlist. Storage room available and bicycle storage as well. Clubhouse with kitchen and bathroom. Near Citifield, parks, shopping and more., Additional information: Appearance:Excellent,Interior Features:Efficiency Kitchen,Lr/Dr

5. 2023-11-16
   status Pending 806-char remark

   Show marketing remark (806 chars)

   Elegant and affordable Second floor corner unit apartment. This elegant apartment has a fantastic layout. Enter the open foyer to find excellent storage space with 2 closets. From here you can find an updated kitchen with a large window for ventilation. The open living room/dining area enjoys hardwood floors, a double panel window for light and ventilation. Original bathroom with window for ventilation. The bedroom is a corner room having 2 opposite windows and hardwood floors and closet. This apartment enjoys fantastic light. Maintenance is $1,140. Parking available on waitlist. Storage room available and bicycle storage as well. Clubhouse with kitchen and bathroom. Near Citifield, parks, shopping and more., Additional information: Appearance:Excellent,Interior Features:Efficiency Kitchen,Lr/Dr

6. 2023-10-03
   listed $137,000 Active 806-char remark

   Show marketing remark (806 chars)

   Elegant and affordable Second floor corner unit apartment. This elegant apartment has a fantastic layout. Enter the open foyer to find excellent storage space with 2 closets. From here you can find an updated kitchen with a large window for ventilation. The open living room/dining area enjoys hardwood floors, a double panel window for light and ventilation. Original bathroom with window for ventilation. The bedroom is a corner room having 2 opposite windows and hardwood floors and closet. This apartment enjoys fantastic light. Maintenance is $1,140. Parking available on waitlist. Storage room available and bicycle storage as well. Clubhouse with kitchen and bathroom. Near Citifield, parks, shopping and more., 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.

Taxation est. · year 1

• Rental income: $35,244
• − Mortgage interest: −$12,491
• − Property taxes: −$3,345
• − Insurance: −$1,115
• − Repairs & maintenance: −$2,819
• − Management: −$2,819
• − Depreciation: −$6,487
• Taxable income: $6,166
• Est. tax owed @ 24.0%: −$1,480
• After-tax cash flow: $7,869/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): 105,716
• Household income: $72,270
• Rent vs Own: 76.9% rent · 23.1% own
• Severe rent burden: 6817.0

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: Predominantly Hispanic (75%)
• Race & ethnicity: Hispanic / Latino 75% Two or more races 14% Asian 12% Black 8% White 4% Native American 1%
• Hispanic origin (detail): Mexican 20% Puerto Rican 2% Dominican 14%
• Foreign-born: 60% · Canada, China, Jamaica
• Languages at home: 15% English-only · Spanish 70% Chinese 6% Other Indo-European 3%

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: ▲ 7.40%
• Current HPI: 282.8276
• 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

+62.8% since first listed

6 events — show timeline

• 2026-03-21 Pending — OneKey® MLS as Distributed by MLS Grid
• 2026-01-19 Price Changed $223,000 OneKey® MLS as Distributed by MLS Grid
• 2025-12-10 Listed $225,000 OneKey® MLS as Distributed by MLS Grid
• 2024-01-31 Sold (MLS) $135,000 OneKey® MLS as Distributed by MLS Grid
• 2023-11-16 Pending — OneKey® MLS as Distributed by MLS Grid
• 2023-10-03 Listed $137,000 OneKey® MLS as Distributed by MLS Grid