5225 39th Rd Unit 2C · New York, NY 11377

$338,000

1 bd · 1.0 ba · 600 sqft · Condo · 25 Days on market

Built 1951

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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 +16.9/30.0
• ARV discount +7.5/15.0
• DSCR +5.3/10.0
• Schools +5.0/10.0
• 1% rule +4.6/10.0
• Rent growth +4.0/5.0
• Livability +3.8/5.0
• Condition / age +2.5/5.0
• Appreciation +0.0/10.0

Listing remarks MLS

Contact seller's agent for details! Located in Woodside's 39th Avenue Apartments, unit 2C is a triple exposure, well-appointed one-bedroom home with a very comfortable layout. The double-paned windows provide peace and quiet, but allow for plenty of natural light. Sturdy hardwood flooring is found throughout the home. The galley kitchen features durable countertops, new stove, microwave, refrigerator and custom cabinetry, ideally located next to the dining room. The windowed bathroom has a custom vanity and sleek subway tiles. Ample storage complete this spacious and comfortable home. 39th Avenue Apartments is a well established coop that is pet and pied a terre friendly. Subletting, co-purchasing, gifting and guarantors are permitted. As a shareholder, you'll have access to the private Sunnyside Gardens Park. Maintenance for this unit is $621 per month and includes gas, heat, hot water, and taxes.

Key facts

• Gated complex
• Video security
• Great location

Tags

• GATED COMPLEX
• LANDSCAPED COURT YARDS
• VIDEO SECURITY
• RENOVATED LAUNDRY ROOM
• MAINTENANCE STAFF ON SITE
• GREAT LOCATION

Property features AI

Exterior

• Parking: On-street parking
• Security: Gated community
• Utilities: Public sewer; Cable available; Electricity connected
• Home design: Stock cooperative; Walk-up entry; Three stories
• Construction: Brick construction
• Exterior features: Brick construction; Not waterfront

Interior

• Kitchen: Gas range; Microwave; Refrigerator
• Bedrooms: First-floor bedroom
• Flooring: Hardwood floors
• Bathrooms: One full bathroom
• Heating & cooling: Baseboard heating; Wall/window air conditioning units
• Interior features: First-floor bedroom; Primary bathroom; Storage; Walk-up building; Three-story building; Entry on second level; Dogs allowed

What this means for you Summary

Snapshot

• This is a 1-bed/1.0-bath condo listed at $338k.

Deal economics

• At list price, monthly cash flow is $223 ($3k/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 $324k (4.2% below list).
• Recommended offer: $324k (4.2% below list) — sets the bar for 1% rule.
• Cap rate 7.1% 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 (+6.1%/yr); 349 active listings in the ZIP; 4 comparable units currently listed for rent nearby; rentals at typical pace (median 19d 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 $3,239/mo this rent would consume 53% of the median local household income ($73k/yr) (locally 5474% 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 25 days — a 2% lower offer ($333k) is reasonable based on typical stale-listing flexibility.
• 2 sale attempts since 7y 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

• Watch-outs: built in 1951 — expect roof / HVAC / electrical / plumbing capex.
• 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 $323,924 (4.2% below list)

Questions for the listing agent

1. Built in 1951 — when were the roof, HVAC, electrical panel, plumbing, and water heater last replaced?
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. Is there a deadline driving the sale (1031 exchange, divorce, estate, relocation)? That informs how much negotiation room exists.
4. 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?
5. 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?
6. 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?
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: 0.96% ✗
• Cap rate: 7.09%
• Cash-on-cash: 2.83%
• DSCR: 1.13
• GRM: 8.7

CMA / ARV

No comps found within radius.

Projected returns pro-forma

-3.0% appreciation · 6.09% rent growth · sell at horizon

5-year hold

• IRR: -8.4%
• Equity multiple: 0.68×
• Total profit: $-30,126
• Equity at exit: $50,397

10-year hold

• IRR: 4.8%
• Equity multiple: 1.40×
• Total profit: $37,664
• Equity at exit: $29,224

Cash invested: $94,640 (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 11377

• Home prices YoY: -28.8%
• Rents YoY: 6.1%
• Active inventory: 349
• Price-to-rent: 8.7×

Monthly cashflow live

• Estimated rent: $3,239 medium
• Mortgage (P&I): −$1,773
• Tax est. 1.5%: −$422 /mo · $5,070/yr
• Insurance: −$141
• HOA: −$0
• Vacancy / Maint / Mgmt: −$680
• Net cashflow: $223

Break-even live

Break-even rent $2,957

Max offer price $338,000

Occupancy floor 88%

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: $84,500
• Closing costs: $10,140
• Reserves months: —
• Total cash needed: —

Rent comps 4 comps

Address	Beds	Baths	Sqft	Rent	$/sqft	DOM	Units	Dist
34-35 44th St Astoria, NY	1.0–2.0	1.0–2.0	613	$3,576	$5.83	2d	26	0.58mi
3705 30th St Long Island City, NY	2.0	1.0–2.0	700	$4,840	$6.91	10d	3	1.20mi
40-38 82nd St Apt 3C Elmhurst, NY	—	1.0	350	$1,600	$4.57	24d	1	1.43mi
3716 83rd St Jackson Heights, NY	1.0	1.0	700	$1,800	$2.57	19d	1	1.44mi

HOA detail condo

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

Listing history 6 events

1. 2026-04-17
   status Pending
2. 2026-03-31
   price $338,000
3. 2026-03-23
   listed $348,000 Active
4. 2021-05-17
   price $331,000 912-char remark

   Show marketing remark (912 chars)

   Contact seller's agent for details! Located in Woodside's 39th Avenue Apartments, unit 2C is a triple exposure, well-appointed one-bedroom home with a very comfortable layout. The double-paned windows provide peace and quiet, but allow for plenty of natural light. Sturdy hardwood flooring is found throughout the home. The galley kitchen features durable countertops, new stove, microwave, refrigerator and custom cabinetry, ideally located next to the dining room. The windowed bathroom has a custom vanity and sleek subway tiles. Ample storage complete this spacious and comfortable home. 39th Avenue Apartments is a well established coop that is pet and pied a terre friendly. Subletting, co-purchasing, gifting and guarantors are permitted. As a shareholder, you'll have access to the private Sunnyside Gardens Park. Maintenance for this unit is $621 per month and includes gas, heat, hot water, and taxes.

5. 2020-04-09
   soldstatus $331,000 912-char remark

   Show marketing remark (912 chars)

   Contact seller's agent for details! Located in Woodside's 39th Avenue Apartments, unit 2C is a triple exposure, well-appointed one-bedroom home with a very comfortable layout. The double-paned windows provide peace and quiet, but allow for plenty of natural light. Sturdy hardwood flooring is found throughout the home. The galley kitchen features durable countertops, new stove, microwave, refrigerator and custom cabinetry, ideally located next to the dining room. The windowed bathroom has a custom vanity and sleek subway tiles. Ample storage complete this spacious and comfortable home. 39th Avenue Apartments is a well established coop that is pet and pied a terre friendly. Subletting, co-purchasing, gifting and guarantors are permitted. As a shareholder, you'll have access to the private Sunnyside Gardens Park. Maintenance for this unit is $621 per month and includes gas, heat, hot water, and taxes.

6. 2019-08-09
   listed $340,000 912-char remark

   Show marketing remark (912 chars)

   Contact seller's agent for details! Located in Woodside's 39th Avenue Apartments, unit 2C is a triple exposure, well-appointed one-bedroom home with a very comfortable layout. The double-paned windows provide peace and quiet, but allow for plenty of natural light. Sturdy hardwood flooring is found throughout the home. The galley kitchen features durable countertops, new stove, microwave, refrigerator and custom cabinetry, ideally located next to the dining room. The windowed bathroom has a custom vanity and sleek subway tiles. Ample storage complete this spacious and comfortable home. 39th Avenue Apartments is a well established coop that is pet and pied a terre friendly. Subletting, co-purchasing, gifting and guarantors are permitted. As a shareholder, you'll have access to the private Sunnyside Gardens Park. Maintenance for this unit is $621 per month and includes gas, heat, hot water, and taxes.

ⓘ 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 5/10 Major 6 unhealthy d/yr today · 8 by 30 yrs out

Taxation est. · year 1

• Rental income: $38,871
• − Mortgage interest: −$18,933
• − Property taxes: −$5,070
• − Insurance: −$1,690
• − Repairs & maintenance: −$3,110
• − Management: −$3,110
• − Depreciation: −$9,833
• Taxable loss: −$2,874
• Est. tax savings @ 24.0%: +$690
• After-tax cash flow: $3,368/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): 81,690
• Household income: $73,073
• Rent vs Own: 70.5% rent · 29.5% own
• Severe rent burden: 5474.0

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: Diverse neighborhood (Simpson 0.67)
• Race & ethnicity: Hispanic / Latino 40% Asian 36% Two or more races 20% White 20% Black 2%
• Hispanic origin (detail): Mexican 12% Puerto Rican 4% Dominican 5%
• Common ancestry: Romanian 2%
• Foreign-born: 56% · Canada, China, Jamaica
• Languages at home: 27% English-only · Spanish 34% Other Indo-European 16% Chinese 6%

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: ▼ -110.83%
• Current HPI: 273.9408
• Rent YoY: ▲ 6.09%
• 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

-0.6% since first listed

6 events — show timeline

• 2026-04-17 Pending — OneKey® MLS as Distributed by MLS Grid
• 2026-03-31 Price Changed $338,000 OneKey® MLS as Distributed by MLS Grid
• 2026-03-23 Listed $348,000 OneKey® MLS as Distributed by MLS Grid
• 2021-05-17 Price Changed $331,000 RLS at REBNY
• 2020-04-09 Sold (MLS) $331,000 RLS at REBNY
• 2019-08-09 Listed $340,000 RLS at REBNY