300 Rector Pl Unit 3J · New York, NY 10280

$640,000

1 bd · 1.0 ba · 623 sqft · Condo public records · 130 Days on market

Built 1986 $733/mo HOA · 14% of rent

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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).

• ARV discount +7.5/15.0
• Appreciation +7.2/10.0
• Cash flow +6.5/30.0
• Schools +5.0/10.0
• Livability +3.8/5.0
• Rent growth +3.5/5.0
• 1% rule +3.0/10.0
• Condition / age +2.5/5.0
• DSCR +0.7/10.0

Listing remarks

Welcome to Unit 3J at 300 Rector Place & mdash; a delightful condo in the heart of a vibrant neighborhood! This one-bedroom, one-bathroom residence offers 625 square feet of meticulously maintained living space. Nestled on the third floor of a charming post-war low-rise, this excellent condition unit boasts a cozy living room ideal space for relaxation and entertaining. The classic kitchen creates a welcoming space for culinary adventures. With northern exposure, you'll enjoy a bright, inviting atmosphere throughout. Pet lovers will be thrilled to know that this pet-friendly building is equipped with a full-time doorman and concierge, ensuring peace of mind for residents. The building's

Key facts

• Concierge
• Recreation room
• Roof deck

Tags

• PET FRIENDLY BUILDING
• FULL TIME DOORMAN
• CONCIERGE
• RECREATION ROOM
• ELEVATOR
• ROOF DECK

Property features AI

Finance

• Other: Building totals 153 units; Pets: building allows pets
• HOA & community: Monthly association fee of $733; Building amenities: bike storage, common playroom, elevators, indoor pool, storage

Exterior

• Home design: Condo building (Battery Pointe); 9-story building; Entry level: 3
• Construction: Zoning: BPC
• Exterior features: Building roof deck; Private outdoor space (over 60 sq ft); North exposure; Has a view

Interior

• Bathrooms: 1 full bathroom
• Interior features: Total of 4 rooms; Basement: Other; Common on-floor laundry
• Laundry & utility: Washer/dryer allowed

What this means for you Summary

Snapshot

• This is a 1-bed/1.0-bath condo listed at $640k.

Deal economics

• At list price, monthly cash flow is $-1k ($-13k/yr) — negative.
• To cash-flow at today's rent, offer at most $482k (24.7% below list).
• To meet the 1% rule (rent ≥ 1% of price), the offer needs to be $514k (19.7% below list).
• Recommended offer: $482k (24.7% below list) — sets the bar for cash-flow.
• Cap rate 4.2% 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 (+4.1%/yr); 92 active listings in the ZIP; 40 comparable units currently listed for rent nearby; rentals leasing fast (median 8d on market — plan ~1-2 weeks tenant-placement turnaround); high-income renter base; 4,467 units permitted in New York County in 2024 (4,463 in 5+ unit buildings).

Forward outlook

• In year one you build about $32k of equity ($4k loan paydown + $28k appreciation (4.4% local appreciation)).
• New York County population projected at +21% by 2050 — long-run rental-demand tailwind backs the buy-and-hold thesis.
• By year 2, paydown + projected appreciation supports a ~$52k cash-out refi (75% LTV) — recoverable capital for the next deal without selling this one.

Negotiation context

• It's been on market 130 days — a 12% lower offer ($563k) is reasonable based on typical stale-listing flexibility.
• 2 sale attempts since 10y 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 $481,686 (24.7% 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. It's been on market 130 days. Have you received any prior offers? Is the seller open to a 25% concession, seller financing, or rate buy-down credit?
3. What does the HOA fee cover, when was the last increase, and are there any pending special assessments or reserve-fund shortfalls?
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. 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?
10. 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.
11. 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.
12. 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: 0.80% ✗
• Cap rate: 4.24%
• Cash-on-cash: -7.33%
• DSCR: 0.67
• GRM: 10.4

CMA / ARV

No comps found within radius.

Projected returns pro-forma

4.39% appreciation · 4.12% rent growth · sell at horizon

5-year hold

• IRR: 5.5%
• Equity multiple: 1.35×
• Total profit: $61,973
• Equity at exit: $339,018

10-year hold

• IRR: 8.5%
• Equity multiple: 2.52×
• Total profit: $272,000
• Equity at exit: $566,410

Cash invested: $179,200 (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 10280

• Home prices YoY: 1.7%
• Rents YoY: 4.1%
• Active inventory: 92
• Price-to-rent: 10.4×

Monthly cashflow live

• Estimated rent: $5,142 high
• Mortgage (P&I): −$3,356
• Tax est. 1.5%: −$800 /mo · $9,600/yr
• Insurance: −$267
• HOA: −$733
• Vacancy / Maint / Mgmt: −$1,080
• Net cashflow: $-1,094

Break-even live

Break-even rent $6,526

Max offer price $481,686

Occupancy floor —

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: $160,000
• Closing costs: $19,200
• Reserves months: —
• Total cash needed: —

Rent comps 40 comps

Address	Beds	Baths	Sqft	Rent	$/sqft	DOM	Units	Dist
389 S End Ave New York, NY	3.0	1.0–2.0	1080	$6,685	$6.19	1d	36	0.17mi
1 West St #546 New York, NY	1.0	1.0	700	$5,770	$8.24	21d	1	0.27mi
140 Broadway Unit 1298277P New York, NY	1.0	1.0	699	$9,406	$13.46	22d	1	0.41mi
3 Hanover Sq New York, NY	3.0	1.0–2.0	600	$4,534	$7.56	24d	5	0.53mi
63 Wall St #1971 New York, NY	—	1.0	489	$5,190	$10.61	21d	1	0.54mi
67 Wall St #13 New York, NY	1.0–2.0	1.0	636	$5,750	$9.03	3d	2	0.56mi
10 Hanover Sq New York, NY	2.0	1.0–2.0	790	$5,948	$7.53	2d	25	0.57mi
25 Water St Apt 706 New York, NY	—	1.0	550	$3,990	$7.25	24d	1	0.57mi
25 Water St Unit 707 New York, NY	—	1.0	550	$3,950	$7.18	24d	1	0.57mi
75 Wall St New York, NY	3.0	1.0–3.0	452	$7,598	$16.81	15d	16	0.59mi
75 Wall St Unit 251 New York, NY	1.0	1.5	653	$6,580	$10.08	24d	1	0.59mi
400 Chambers St #587 New York, NY	2.0	1.0–1.5	675	$7,370	$10.91	8d	3	0.62mi
95 Wall St New York, NY	2.0	1.0–2.0	733	$5,862	$8.00	2d	39	0.62mi
180 Water St #537 New York, NY	1.0–2.0	1.0–2.0	728	$8,040	$11.04	3d	2	0.67mi
105 Duane St #183 New York, NY	2.0	1.0–2.0	821	$9,000	$10.96	2d	3	0.78mi
88 Leonard St New York, NY	1.0	1.0	598	$7,966	$13.32	8d	13	0.89mi
111 Worth St New York, NY	1.0–2.0	1.0–2.0	747	$6,077	$8.14	8d	7	0.90mi
77 Hudson St #2203 Jersey City, NJ	1.0	1.0	744	$4,200	$5.65	17d	1	0.96mi
77 Hudson St #1804 Jersey City, NJ	1.0	1.0	750	$4,100	$5.47	21d	1	0.96mi
77 Hudson St #2703 Jersey City, NJ	1.0	1.0	744	$4,950	$6.65	24d	1	0.96mi
33 Hudson St Jersey City, NJ	2.0	1.0–2.0	937	$4,598	$4.90	2d	23	0.97mi
70 Greene St Jersey City, NJ	3.0	1.0–2.0	960	$4,292	$4.47	2d	26	1.01mi
1 Harborside Pl Jersey City, NJ	1.0–2.0	1.0–2.0	1100	$3,822	$3.47	2d	7	1.05mi
115 Morris St Jersey City, NJ	1.0–3.0	1.0–2.0	1101	$3,772	$3.42	2d	22	1.14mi
155 Washington St Jersey City, NJ	3.0	1.0–3.0	1545	$3,445	$2.23	2d	8	1.14mi
200 Greene St Jersey City, NJ	2.0	1.0	713	$4,645	$6.51	2d	50	1.17mi
65 Bay St Jersey City, NJ	2.0	1.0–2.0	863	$4,743	$5.49	1d	12	1.19mi
20 2nd St Jersey City, NJ	1.0–2.0	1.0–2.0	922	$3,350	$3.63	24d	4	1.19mi
100 Montgomery St Jersey City, NJ	1.0	1.0	650	$3,372	$5.19	3d	1	1.19mi
15 Warren St Jersey City, NJ	1.0–2.0	1.0–2.0	942	$3,695	$3.92	8d	2	1.20mi
120 York St Jersey City, NJ	1.0–2.0	1.0–2.0	962	$3,822	$3.97	1d	9	1.20mi
120 Mulberry St Unit 1257050P New York, NY	2.0	1.0	645	$12,372	$19.18	24d	1	1.21mi
131 Dudley St Jersey City, NJ	1.0–2.0	1.0–2.0	1044	$3,428	$3.28	2d	4	1.22mi
25 Columbus Dr Jersey City, NJ	3.0	1.0–2.5	973	$6,598	$6.78	1d	35	1.23mi
1 2nd St Jersey City, NJ	1.0–3.0	1.0–2.5	1032	$3,150	$3.05	12d	5	1.24mi
1 2nd St Jersey City, NJ	1.0–3.0	1.0–2.5	1032	$3,400	$3.29	8d	5	1.24mi
142 Sussex St #3 Jersey City, NJ	1.0	1.0	668	$3,250	$4.87	2d	1	1.25mi
255 Warren St Jersey City, NJ	2.0	1.0–2.0	932	$4,160	$4.46	2d	7	1.26mi
198 Van Vorst St Jersey City, NJ	2.0	1.0–2.0	932	$3,488	$3.74	1d	6	1.27mi
388 Washington St Unit 1040014P Jersey City, NJ	1.0	1.0	710	$7,470	$10.52	22d	1	1.28mi

HOA detail condo

• Monthly dues: $733 · $8,796/yr
• Likely covers: doorman
• Assessments: None detected in remarks — confirm with the listing agent.

Listing history 17 events

1. 2026-06-18
   days on market $640,000 Active 130 DOM
2. 2026-06-17
   days on market $640,000 Active 129 DOM
3. 2026-06-15
   days on market $640,000 Active 127 DOM
4. 2026-06-13
   days on market $640,000 Active 125 DOM
5. 2026-06-10
   days on market $640,000 Active 121 DOM
6. 2026-06-08
   days on market $640,000 Active 120 DOM
7. 2026-06-04
   days on market $640,000 Active 116 DOM
8. 2026-06-03
   days on market $640,000 Active 115 DOM
9. 2026-06-01
   days on market $640,000 Active 113 DOM
10. 2026-05-31
    days on market $640,000 Active 112 DOM
11. 2026-02-08
    listed $640,000 Active
12. 2016-10-06
    soldstatus $600,000
13. 2016-07-05
    listed $595,000
14. 2011-07-25
    soldstatus $365,000
15. 2005-09-14
    soldstatus $430,000
16. 1998-12-31
    soldstatus $165,000
17. 1987-10-01
    soldstatus $162,000

ⓘ 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 4/10 Moderate FEMA zone X (shaded) · 13% 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 4/10 Moderate 5 unhealthy d/yr today · 7 by 30 yrs out

Taxation est. · year 1

• Rental income: $61,699
• − Mortgage interest: −$35,850
• − Property taxes: −$9,600
• − Insurance: −$3,200
• − Repairs & maintenance: −$4,936
• − Management: −$4,936
• − HOA: −$8,796
• − Depreciation: −$18,618
• Taxable loss: −$24,237
• Est. tax savings @ 24.0%: +$5,817
• After-tax cash flow: $-7,312/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: New York County · 1,599,927 people
• City population: 7,731,280
• Metro: New York-Newark-Jersey City, NY-NJ-PA
• Population (ZIP): 8,933
• Household income: $206,299
• Rent vs Own: 65.6% rent · 34.4% own
• Severe rent burden: 609.0

Population outlook (New York County) Hauer SSP2

• Today (2025): 1,825,725 people
• By 2030: 1,904,611 · +4.3%
• By 2040: 2,052,719 · +12.4%
• By 2050: 2,206,601 · +20.9%
• By 2075: 2,509,427 · +37.4%
• By 2100: 2,702,933 · +48.0%

Race, ethnicity, and origin ACS 2023

• Neighborhood character: Diverse neighborhood (Simpson 0.59)
• Race & ethnicity: White 57% Asian 28% Hispanic / Latino 12% Two or more races 5% Native American 2% Black 2%
• Hispanic origin (detail): Dominican 4%
• Common ancestry: Romanian 4% Russian 3% Lithuanian 1%
• Foreign-born: 32% · Canada, South Korea, China
• Languages at home: 57% English-only · Other Indo-European 12% Chinese 12% Spanish 9%

Political lean MEDSL · New York

• 2024 margin: Solid D (+64.8) · D 82.4% · R 17.6%
• 2008→2024 swing: -7.4pp toward R · 2008: 72.2pp · 2024: 64.8pp
• All cycles: 2024: D+64.8 2020: D+74.5 2016: D+77.2 2012: D+69.6 2008: D+72.2

Not yet ingested

• Civics: —

Market trends

• HPI YoY: ▲ 4.39%
• Current HPI: 263.9143
• Rent YoY: ▲ 4.12%
• 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

+295.1% since first listed

7 events — show timeline

• 2026-02-08 Listed $640,000 RLS at REBNY
• 2016-10-06 Sold (Public Records) $600,000 Public Records
• 2016-07-05 Listed $595,000 RLS at REBNY
• 2011-07-25 Sold (Public Records) $365,000 Public Records
• 2005-09-14 Sold (Public Records) $430,000 Public Records
• 1998-12-31 Sold (Public Records) $165,000 Public Records
• 1987-10-01 Sold (Public Records) $162,000 Public Records