5500 Fieldston Rd Unit 2AA · New York, NY 10471

$425,000

3 bd · 2.0 ba · 1,100 sqft · Condo · 16 Days on market

Built 1960

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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 +12.1/30.0
• ARV discount +7.5/15.0
• Schools +5.0/10.0
• Livability +3.8/5.0
• DSCR +3.6/10.0
• 1% rule +3.5/10.0
• Rent growth +2.5/5.0
• Condition / age +2.5/5.0
• Appreciation +0.0/10.0

Listing remarks MLS

Explore this modern home with sun drenched rooms throughout the unit. The easy flow makes this space feel open and inviting. Enjoy the spectacular park and city views from the large floating balcony. This is a corner unit that has 3 large bedrooms, 2 bathrooms one being in the main bedroom. Fully renovated kitchen with stainless steel appliances including dishwasher. All counter tops and backsplash are white quartz. The Coopertive is well maintained with live in super, Laundry room, community room, storage, bicycle room, close to transportation, shops and restaurants. There is a waitlist for parking garage but there is plenty of parking on nearby streets with no alternative side parking rules. The building is pet friendly. Electricity, heat, gas, hot water are included in the maintenance. 5500 Fieldston Road sits back from the street with a circular driveway and an out door seating area.

Key facts

• Eastern views
• Outdoor seating area
• Garage

Tags

• EASTERN VIEWS
• PRIVATE SCREENED TERRACE
• REFINISHED HARDWOOD FLOORS
• OUTDOOR SEATING AREA

Property features AI

Finance

• Other: Property living area reported from plans
• HOA & community: Association: Fieldstondale; Additional monthly fee of $93 for building mortgage

Exterior

• Parking: Garage; On-street parking; Waitlist for parking; Parking fee applies (monthly)
• Security: Video cameras
• Utilities: Con-Edison electric service; Public sewer; Cable available; Electricity connected; Natural gas connected; Sewer connected; Public trash collection; Underground utilities; Water connected
• Home design: Stock cooperative; One level; Entry level: 0; 9 total stories in building; Actual property condition
• Construction: Brick construction
• Exterior features: Balcony; Garden; Exterior lighting; Bicycle room; Outdoor space; Near public transit, shops, and schools; Landscaped

Interior

• Kitchen: Dishwasher; Range; Refrigerator; Stainless steel appliances
• Bedrooms: Second floor location noted in listing location description
• Flooring: Carpet; Tile; Wood
• Bathrooms: 2 full bathrooms
• Heating & cooling: Natural gas heating; Oil heating; Wall/window cooling units
• Interior features: Ceiling fans; Elevator; Galley kitchen layout; His and hers closets; Primary bathroom; Walk-through kitchen; Screens on windows; Screened terrace/balcony; Terrace; Pets allowed (cats and dogs; number limit)
• Laundry & utility: Building laundry room / common area laundry

What this means for you Summary

Snapshot

• This is a 3-bed/2.0-bath condo listed at $425k.

Deal economics

• At list price, monthly cash flow is $-90 ($-1k/yr) — negative.
• To cash-flow at today's rent, offer at most $412k (3.1% below list).
• To meet the 1% rule (rent ≥ 1% of price), the offer needs to be $360k (15.2% below list).
• Recommended offer: $360k (15.2% 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: 200 active listings in the ZIP; 7 comparable units currently listed for rent nearby; rentals at typical pace (median 22d on market — plan ~3-4 weeks tenant-placement turnaround); 43% of comp listings sitting > 30 days — soft ceiling on asking rent; solid renter incomes; 6,929 units permitted in Bronx County in 2024 (6,829 in 5+ unit buildings).
• This rent runs 42% of the median local income ($103k/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 $3k of loan paydown is wiped out by about $13k 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.

Negotiation context

• It's been on market 16 days — a 2% lower offer ($419k) is reasonable based on typical stale-listing flexibility.
• 6 sale attempts since 13y 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→14/yr by 2055 (HVAC capex compounding) — expect insurance premiums to compound above CPI over the hold.

Recommended offer $360,380 (15.2% 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. 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. 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. 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?
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: 0.85% ✗
• Cap rate: 6.04%
• Cash-on-cash: -0.91%
• DSCR: 0.96
• GRM: 9.8

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: -17.8%
• Equity multiple: 0.37×
• Total profit: $-74,551
• Equity at exit: $63,369

10-year hold

• IRR: -9.9%
• Equity multiple: 0.39×
• Total profit: $-72,084
• Equity at exit: $36,746

Cash invested: $119,000 (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 10471

• Active inventory: 200
• Price-to-rent: 9.8×

Monthly cashflow live

• Estimated rent: $3,604 high
• Mortgage (P&I): −$2,229
• Tax est. 1.5%: −$531 /mo · $6,375/yr
• Insurance: −$177
• HOA: −$0
• Vacancy / Maint / Mgmt: −$757
• Net cashflow: $-90

Break-even live

Break-even rent $3,718

Max offer price $411,966

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: $106,250
• Closing costs: $12,750
• Reserves months: —
• Total cash needed: —

Rent comps 7 comps

Address	Beds	Baths	Sqft	Rent	$/sqft	DOM	Units	Dist
497 Van Cortlandt Park Ave Yonkers, NY	4.0	1.0	1200	$3,500	$2.92	43d	1	0.96mi
52 Lewis Pkwy Unit 1545731P Yonkers, NY	3.0	2.0	1496	$5,806	$3.88	15d	1	1.01mi
57 Putnam Ave Yonkers, NY	2.0	1.0	900	$3,000	$3.33	11d	1	1.06mi
57 Putnam Ave Yonkers, NY	2.0	1.0	900	$3,000	$3.33	22d	1	1.06mi
106 McLean Ave Yonkers, NY	3.0	1.0	1000	$3,200	$3.20	43d	1	1.10mi
80 Elliott Ave Unit 3rd Floor Yonkers, NY	4.0	1.0	1500	$4,100	$2.73	43d	1	1.24mi
16 Pier St Yonkers, NY	3.0	1.0	1000	$3,200	$3.20	16d	1	1.40mi

HOA detail condo

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

Listing history 15 events

1. 2026-05-09
   status Pending
2. 2026-04-22
   listed $425,000 Active
3. 2026-04-21
   listed $425,000 Active
4. 2021-01-20
   price $365,000 900-char remark

   Show marketing remark (900 chars)

   Explore this modern home with sun drenched rooms throughout the unit. The easy flow makes this space feel open and inviting. Enjoy the spectacular park and city views from the large floating balcony. This is a corner unit that has 3 large bedrooms, 2 bathrooms one being in the main bedroom. Fully renovated kitchen with stainless steel appliances including dishwasher. All counter tops and backsplash are white quartz. The Coopertive is well maintained with live in super, Laundry room, community room, storage, bicycle room, close to transportation, shops and restaurants. There is a waitlist for parking garage but there is plenty of parking on nearby streets with no alternative side parking rules. The building is pet friendly. Electricity, heat, gas, hot water are included in the maintenance. 5500 Fieldston Road sits back from the street with a circular driveway and an out door seating area.

5. 2021-01-20
   soldstatus $375,000 Closed 900-char remark

   Show marketing remark (900 chars)

   Explore this modern home with sun drenched rooms throughout the unit. The easy flow makes this space feel open and inviting. Enjoy the spectacular park and city views from the large floating balcony. This is a corner unit that has 3 large bedrooms, 2 bathrooms one being in the main bedroom. Fully renovated kitchen with stainless steel appliances including dishwasher. All counter tops and backsplash are white quartz. The Coopertive is well maintained with live in super, Laundry room, community room, storage, bicycle room, close to transportation, shops and restaurants. There is a waitlist for parking garage but there is plenty of parking on nearby streets with no alternative side parking rules. The building is pet friendly. Electricity, heat, gas, hot water are included in the maintenance. 5500 Fieldston Road sits back from the street with a circular driveway and an out door seating area.

6. 2021-01-13
   soldstatus $365,000 Closed
7. 2021-01-13
   soldstatus $365,000
8. 2020-10-23
   price $375,000
9. 2020-09-23
   price $375,000 900-char remark

   Show marketing remark (900 chars)

   Explore this modern home with sun drenched rooms throughout the unit. The easy flow makes this space feel open and inviting. Enjoy the spectacular park and city views from the large floating balcony. This is a corner unit that has 3 large bedrooms, 2 bathrooms one being in the main bedroom. Fully renovated kitchen with stainless steel appliances including dishwasher. All counter tops and backsplash are white quartz. The Coopertive is well maintained with live in super, Laundry room, community room, storage, bicycle room, close to transportation, shops and restaurants. There is a waitlist for parking garage but there is plenty of parking on nearby streets with no alternative side parking rules. The building is pet friendly. Electricity, heat, gas, hot water are included in the maintenance. 5500 Fieldston Road sits back from the street with a circular driveway and an out door seating area.

10. 2020-09-23
    price $375,000

    Show marketing remark (900 chars)

    Explore this modern home with sun drenched rooms throughout the unit. The easy flow makes this space feel open and inviting. Enjoy the spectacular park and city views from the large floating balcony. This is a corner unit that has 3 large bedrooms, 2 bathrooms one being in the main bedroom. Fully renovated kitchen with stainless steel appliances including dishwasher. All counter tops and backsplash are white quartz. The Coopertive is well maintained with live in super, Laundry room, community room, storage, bicycle room, close to transportation, shops and restaurants. There is a waitlist for parking garage but there is plenty of parking on nearby streets with no alternative side parking rules. The building is pet friendly. Electricity, heat, gas, hot water are included in the maintenance. 5500 Fieldston Road sits back from the street with a circular driveway and an out door seating area.

11. 2020-07-23
    listed $379,000 Active 900-char remark

    Show marketing remark (900 chars)

    Explore this modern home with sun drenched rooms throughout the unit. The easy flow makes this space feel open and inviting. Enjoy the spectacular park and city views from the large floating balcony. This is a corner unit that has 3 large bedrooms, 2 bathrooms one being in the main bedroom. Fully renovated kitchen with stainless steel appliances including dishwasher. All counter tops and backsplash are white quartz. The Coopertive is well maintained with live in super, Laundry room, community room, storage, bicycle room, close to transportation, shops and restaurants. There is a waitlist for parking garage but there is plenty of parking on nearby streets with no alternative side parking rules. The building is pet friendly. Electricity, heat, gas, hot water are included in the maintenance. 5500 Fieldston Road sits back from the street with a circular driveway and an out door seating area.

12. 2020-07-23
    listed $379,000 Active

    Show marketing remark (900 chars)

    Explore this modern home with sun drenched rooms throughout the unit. The easy flow makes this space feel open and inviting. Enjoy the spectacular park and city views from the large floating balcony. This is a corner unit that has 3 large bedrooms, 2 bathrooms one being in the main bedroom. Fully renovated kitchen with stainless steel appliances including dishwasher. All counter tops and backsplash are white quartz. The Coopertive is well maintained with live in super, Laundry room, community room, storage, bicycle room, close to transportation, shops and restaurants. There is a waitlist for parking garage but there is plenty of parking on nearby streets with no alternative side parking rules. The building is pet friendly. Electricity, heat, gas, hot water are included in the maintenance. 5500 Fieldston Road sits back from the street with a circular driveway and an out door seating area.

13. 2020-07-23
    listed $365,000

    Show marketing remark (900 chars)

    Explore this modern home with sun drenched rooms throughout the unit. The easy flow makes this space feel open and inviting. Enjoy the spectacular park and city views from the large floating balcony. This is a corner unit that has 3 large bedrooms, 2 bathrooms one being in the main bedroom. Fully renovated kitchen with stainless steel appliances including dishwasher. All counter tops and backsplash are white quartz. The Coopertive is well maintained with live in super, Laundry room, community room, storage, bicycle room, close to transportation, shops and restaurants. There is a waitlist for parking garage but there is plenty of parking on nearby streets with no alternative side parking rules. The building is pet friendly. Electricity, heat, gas, hot water are included in the maintenance. 5500 Fieldston Road sits back from the street with a circular driveway and an out door seating area.

14. 2013-06-07
    historical
15. 2013-05-29
    listed $385,000

ⓘ 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 1/10 Low
• 🌡 Heat 6/10 Major 7 d/yr ≥99°F today · 14 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: $43,246
• − Mortgage interest: −$23,807
• − Property taxes: −$6,375
• − Insurance: −$2,125
• − Repairs & maintenance: −$3,460
• − Management: −$3,460
• − Depreciation: −$12,364
• Taxable loss: −$8,344
• Est. tax savings @ 24.0%: +$2,003
• After-tax cash flow: $922/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): 23,798
• Household income: $103,046
• Rent vs Own: 40.6% rent · 59.4% own
• Severe rent burden: 553.0

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 0.62)
• Race & ethnicity: White 53% Hispanic / Latino 31% Two or more races 16% Black 7% Asian 4%
• Hispanic origin (detail): Mexican 1% Puerto Rican 8% Dominican 11%
• Common ancestry: Scotch-Irish 4% Romanian 3% Italian 2%
• Foreign-born: 20% · Canada, Jamaica, China
• Languages at home: 65% English-only · Spanish 21% Russian/Polish/Slavic 4% Other Indo-European 3%

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: ▼ -114.80%
• Current HPI: 197.2006
• 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

+10.4% since first listed

15 events — show timeline

• 2026-05-09 Pending — OneKey® MLS as Distributed by MLS Grid
• 2026-04-22 Listed $425,000 RLS at REBNY
• 2026-04-21 Listed $425,000 OneKey® MLS as Distributed by MLS Grid
• 2021-01-20 Price Changed $365,000 RLS at REBNY
• 2021-01-20 Sold (MLS) $375,000 RLS at REBNY
• 2021-01-13 Sold (MLS) $365,000 RLS at REBNY
• 2021-01-13 Sold (MLS) $365,000 OneKey® MLS as Distributed by MLS Grid
• 2020-10-23 Price Changed $375,000 RLS at REBNY
• 2020-09-23 Price Changed $375,000 RLS at REBNY
• 2020-09-23 Price Changed $375,000 OneKey® MLS as Distributed by MLS Grid
• 2020-07-23 Listed $365,000 RLS at REBNY
• 2020-07-23 Listed $379,000 OneKey® MLS as Distributed by MLS Grid
• 2020-07-23 Listed $379,000 RLS at REBNY
• 2013-06-07 Listing Removed — OneKey® MLS as Distributed by MLS Grid
• 2013-05-29 Listed $385,000 OneKey® MLS as Distributed by MLS Grid