15010 71st Ave Unit 3F · New York, NY 11367

$248,000

1 bd · 1.0 ba · 750 sqft · Condo · 50 Days on market

Built 1940 Good condition ↓ 7% 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 +22.0/30.0
• ARV discount +7.5/15.0
• DSCR +7.0/10.0
• 1% rule +5.8/10.0
• Schools +5.0/10.0
• Livability +3.8/5.0
• Condition / age +3.8/5.0
• Rent growth +2.5/5.0
• Appreciation +0.0/10.0

Listing remarks MLS

A nice corner unit with windows in both updated kitchen and bathroom, Very airy and bright. Granite counter tops, New expensive curtains, Maintained well. Excellent condition. The elementary school is right across the street, Queens College, John Bowne High School and Townsend Harris High School is 10 minutes walking distance. Close to Community Malls, Buses of Q25. Q34.Q44. 20A & 20B on both Main St. and Kessina Blvd. to the center of Flushing, Q64 to 71 Ave. Station of E & F train. Very convenient. Gated community/24 hours guarded complex. Pets friendly building. One parking space is for sale separately at the price of $39K and monthly fee is $62.36. Seeing is believing., Additional information: Appearance:Excellent,Interior Features:Efficiency Kitchen

Key facts

• Gated community
• Recreation room
• On-site laundry

Tags

• GATED COMMUNITY
• DEEDED GARAGE PARKING SPACE
• 24-HOUR GATED SECURITY
• ON-SITE LAUNDRY
• RECREATION ROOM
• PLAYGROUND

Property features AI

Finance

• HOA & community: Gated community

Exterior

• Parking: Off-street parking; On-street parking; 1 garage space (has garage); No carport
• Security: Gated community; Security gate; Video cameras
• Utilities: Public sewer; Electricity available and connected; Natural gas available and connected; Sewer available and connected; Water available and connected
• Home design: Stock cooperative; Entry level: 1; 6 total stories
• Construction: Brick construction
• Exterior features: Front yard; Garden; Landscaped grounds; Level lot; Near public transit; Near shops; Near schools; Private; Views; Not waterfront

Interior

• Kitchen: Dishwasher; Gas range; Range; Refrigerator
• Bedrooms: 2 rooms total
• Flooring: Hardwood; Vinyl
• Bathrooms: 1 full bathroom
• Heating & cooling: Natural gas heating; No cooling
• Interior features: Open floorplan; Quartz/Quartzite counters; Basement is a common area; Pets allowed (dogs okay)
• Laundry & utility: Laundry in basement

What this means for you Summary

Snapshot

• This is a 1-bed/1.0-bath condo listed at $248k. Condition is rated good.

Deal economics

• At list price, monthly cash flow is $393 ($5k/yr) — positive.
• The deal already cash-flows at list — no discount required.
• Meets the 1% rule at list price ($3k rent vs $248k).
• Recommended offer: $241k (3.0% below list) — sets the bar for market timing.
• Cap rate 8.2% 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: 259 active listings in the ZIP; 38 comparable units currently listed for rent nearby; rentals at typical pace (median 21d on market — plan ~3-4 weeks tenant-placement turnaround); solid renter incomes; 5,302 units permitted in Queens County in 2024 (4,918 in 5+ unit buildings).
• This rent runs 43% of the median local income ($75k/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 $2k of loan paydown is wiped out by about $7k 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 50 days — a 3% lower offer ($241k) 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.

Risks & watch-outs

• Watch-outs: built in 1940 — expect roof / HVAC / electrical / plumbing capex.
• Climate carrying-cost: major flood risk; major wind risk, 27% chance of damaging wind over 30y; extreme-heat days projected 7→15/yr by 2055 (HVAC capex compounding) — expect insurance premiums to compound above CPI over the hold.

Recommended offer $240,560 (3.0% below list)

Questions for the listing agent

1. It's been on market 50 days. Have you received any prior offers? Is the seller open to a 3% concession, seller financing, or rate buy-down credit?
2. Built in 1940 — 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. 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: 1.08% ✓
• Cap rate: 8.19%
• Cash-on-cash: 6.79%
• DSCR: 1.30
• GRM: 7.7

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: -5.9%
• Equity multiple: 0.78×
• Total profit: $-15,118
• Equity at exit: $36,978

10-year hold

• IRR: 3.8%
• Equity multiple: 1.28×
• Total profit: $19,227
• Equity at exit: $21,443

Cash invested: $69,440 (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 11367

• Active inventory: 259
• Price-to-rent: 7.7×

Monthly cashflow live

• Estimated rent: $2,667 high
• Mortgage (P&I): −$1,301
• Tax est. 1.5%: −$310 /mo · $3,720/yr
• Insurance: −$103
• HOA: −$0
• Vacancy / Maint / Mgmt: −$560
• Net cashflow: $393

Break-even live

Break-even rent $2,169

Max offer price $248,000

Occupancy floor 80%

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: $62,000
• Closing costs: $7,440
• Reserves months: —
• Total cash needed: —

Rent comps 38 comps

Address	Beds	Baths	Sqft	Rent	$/sqft	DOM	Units	Dist
150-25 72nd Rd Flushing, NY	1.0	1.0	700	$2,300	$3.29	24d	1	0.06mi
71-82 Parsons Blvd Unit 503 Kew Gardens Hills, NY	2.0	1.5	900	$4,000	$4.44	24d	1	0.30mi
71-82 Parsons Blvd Unit 303 Kew Gardens Hills, NY	2.0	1.5	900	$4,000	$4.44	13d	1	0.30mi
71-82 Parsons Blvd Unit 702 Kew Gardens Hills, NY	1.0	1.0	1000	$2,900	$2.90	20d	1	0.30mi
71-82 Parsons Blvd Unit 516 Kew Gardens Hills, NY	2.0	1.5	900	$3,500	$3.89	2d	1	0.30mi
7157 161 St Apt 5B Flushing, NY	2.0	2.0	1100	$2,600	$2.36	24d	1	0.48mi
7133 162nd St Unit 3F Fresh Meadows, NY	2.0	2.0	850	$2,700	$3.18	24d	1	0.53mi
7835 147th St Unit 2E Flushing, NY	1.0	1.0	700	$2,200	$3.14	6d	1	0.57mi
163-07 72nd Ave Unit 3G Flushing, NY	2.0	2.0	716	$2,900	$4.05	24d	1	0.58mi
7837 Main St Unit 2G Queens, NY	1.0	1.0	700	$2,300	$3.29	24d	1	0.60mi
14112 78th Rd Unit 1G Flushing, NY	1.0	1.0	700	$2,200	$3.14	24d	1	0.66mi
135-26 78th Ave Unit 2FL Flushing, NY	2.0	1.0	900	$2,800	$3.11	1d	1	0.70mi
16525 Union Tpke Fresh Meadows, NY	2.0	1.0	1000	$2,900	$2.90	24d	1	0.85mi
80-12 165th St Unit 3 Jamaica, NY	2.0	1.5	960	$2,800	$2.92	24d	1	0.87mi
7629 170th St Fresh Meadows, NY	2.0	1.0	924	$2,800	$3.03	3d	1	0.98mi
84-03 Lander St Unit 2B Jamaica, NY	2.0	2.0	850	$3,250	$3.82	24d	1	1.01mi
13915 83rd Ave #717 Jamaica, NY	1.0	1.0	800	$2,400	$3.00	4d	1	1.02mi
14160 84th Rd Unit 2G Jamaica, NY	1.0	1.0	700	$2,200	$3.14	13d	1	1.07mi
141-35 Pershing Cres Unit 1B Jamaica, NY	1.0	1.5	1100	$2,800	$2.55	20d	1	1.09mi
8455 Daniels St Unit 5H Jamaica, NY	1.0	1.0	750	$2,300	$3.07	18d	1	1.11mi
61-41 173rd St Unit 3rd fl Flushing, NY	2.0	1.0	1000	$2,500	$2.50	21d	1	1.25mi
123-40 83rd Ave Unit 2107 Jamaica, NY	1.0	1.0	750	$2,573	$3.43	24d	1	1.26mi
123-40 83rd Ave Unit 8B Queens, NY	1.0	1.0	800	$2,450	$3.06	24d	1	1.27mi
11019 72nd Rd Unit 1B Forest Hills, NY	1.0	1.0	750	$3,200	$4.27	13d	1	1.32mi
178-05 69th Ave Unit 2 Flushing, NY	2.0	1.0	750	$2,700	$3.60	24d	1	1.34mi
7540 Austin St Unit 4HR Forest Hills, NY	1.0	1.0	841	$2,990	$3.56	24d	1	1.35mi
11007 73rd Rd Forest Hills, NY	1.0	1.0	950	$1,800	$1.89	18d	1	1.37mi
13828 Queens Blvd Unit 2E Briarwood, NY	1.0	1.0	700	$2,600	$3.71	7d	1	1.39mi
138-28 Queens Blvd Unit 5G Briarwood, NY	1.0	1.0	650	$2,750	$4.23	24d	1	1.39mi
13828 Queens Blvd Unit 7A Briarwood, NY	2.0	1.0	810	$3,600	$4.44	24d	1	1.39mi
13828 Queens Blvd Jamaica, NY	1.0	1.0	640	$2,700	$4.22	18d	1	1.39mi
10919 72nd Rd Unit 6F Forest Hills, NY	1.0	1.0	696	$3,485	$5.01	11d	1	1.41mi
10825 72nd Ave Forest Hills, NY	1.0–2.0	1.0	700	$3,500	$5.00	4d	2	1.44mi
11131 66th Ave Unit 3C Forest Hills, NY	1.0	1.0	600	$2,000	$3.33	4d	1	1.46mi
14832 87th Ave Jamaica, NY	2.0	1.0	768	$2,800	$3.65	18d	1	1.48mi
148-16 87th Ave Unit 2 Jamaica, NY	2.0	1.0	700	$2,300	$3.29	16d	1	1.49mi
6945 108th St Unit 3F Forest Hills, NY	2.0	1.0	900	$3,600	$4.00	6d	1	1.49mi
8340 Austin St Unit 7N Kew Gardens, NY	—	1.0	550	$2,000	$3.64	24d	1	1.50mi

HOA detail condo

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

Listing history 7 events

1. 2026-05-05
   status Pending
2. 2026-03-23
   price $248,000
3. 2026-03-16
   listed $258,000 Active
4. 2023-08-07
   soldstatus $293,000 Closed 772-char remark

   Show marketing remark (772 chars)

   A nice corner unit with windows in both updated kitchen and bathroom, Very airy and bright. Granite counter tops, New expensive curtains, Maintained well. Excellent condition. The elementary school is right across the street, Queens College, John Bowne High School and Townsend Harris High School is 10 minutes walking distance. Close to Community Malls, Buses of Q25. Q34.Q44. 20A & 20B on both Main St. and Kessina Blvd. to the center of Flushing, Q64 to 71 Ave. Station of E & F train. Very convenient. Gated community/24 hours guarded complex. Pets friendly building. One parking space is for sale separately at the price of $39K and monthly fee is $62.36. Seeing is believing., Additional information: Appearance:Excellent,Interior Features:Efficiency Kitchen

5. 2023-04-07
   status Pending 772-char remark

   Show marketing remark (772 chars)

   A nice corner unit with windows in both updated kitchen and bathroom, Very airy and bright. Granite counter tops, New expensive curtains, Maintained well. Excellent condition. The elementary school is right across the street, Queens College, John Bowne High School and Townsend Harris High School is 10 minutes walking distance. Close to Community Malls, Buses of Q25. Q34.Q44. 20A & 20B on both Main St. and Kessina Blvd. to the center of Flushing, Q64 to 71 Ave. Station of E & F train. Very convenient. Gated community/24 hours guarded complex. Pets friendly building. One parking space is for sale separately at the price of $39K and monthly fee is $62.36. Seeing is believing., Additional information: Appearance:Excellent,Interior Features:Efficiency Kitchen

6. 2023-03-20
   price $298,000 772-char remark

   Show marketing remark (772 chars)

   A nice corner unit with windows in both updated kitchen and bathroom, Very airy and bright. Granite counter tops, New expensive curtains, Maintained well. Excellent condition. The elementary school is right across the street, Queens College, John Bowne High School and Townsend Harris High School is 10 minutes walking distance. Close to Community Malls, Buses of Q25. Q34.Q44. 20A & 20B on both Main St. and Kessina Blvd. to the center of Flushing, Q64 to 71 Ave. Station of E & F train. Very convenient. Gated community/24 hours guarded complex. Pets friendly building. One parking space is for sale separately at the price of $39K and monthly fee is $62.36. Seeing is believing., Additional information: Appearance:Excellent,Interior Features:Efficiency Kitchen

7. 2023-02-22
   listed $268,000 Active 772-char remark

   Show marketing remark (772 chars)

   A nice corner unit with windows in both updated kitchen and bathroom, Very airy and bright. Granite counter tops, New expensive curtains, Maintained well. Excellent condition. The elementary school is right across the street, Queens College, John Bowne High School and Townsend Harris High School is 10 minutes walking distance. Close to Community Malls, Buses of Q25. Q34.Q44. 20A & 20B on both Main St. and Kessina Blvd. to the center of Flushing, Q64 to 71 Ave. Station of E & F train. Very convenient. Gated community/24 hours guarded complex. Pets friendly building. One parking space is for sale separately at the price of $39K and monthly fee is $62.36. Seeing is believing., Additional information: Appearance:Excellent,Interior Features:Efficiency Kitchen

ⓘ 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 6/10 Major FEMA zone X (unshaded) · 57% chance over 30 yrs
• 🔥 Wildfire 1/10 Low
• 🌡 Heat 7/10 Severe 7 d/yr ≥99°F today · 15 d/yr by 30 yrs out
• 💨 Wind 6/10 Major 27% chance of damaging wind over 30 yrs
• 🫁 Air quality 4/10 Moderate 6 unhealthy d/yr today · 6 by 30 yrs out

Taxation est. · year 1

• Rental income: $32,003
• − Mortgage interest: −$13,892
• − Property taxes: −$3,720
• − Insurance: −$1,240
• − Repairs & maintenance: −$2,560
• − Management: −$2,560
• − Depreciation: −$7,215
• Taxable income: $816
• Est. tax owed @ 24.0%: −$196
• After-tax cash flow: $4,520/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.

Condition & rehab AI · 12 photos

Good 75/100 Cosmetic rehab

This well-maintained, updated condo in a gated community offers a good investment opportunity with minimal repairs needed.

Value-add opportunities

• Both landscaping — enhances curb appeal and adds value
• Both painting — refreshes interior and exterior
• Both new curtains — improves aesthetics and privacy

Renovation cost estimate screening

Value-add ROI direction

• Both landscaping — enhances curb appeal and adds value ↑
• Both painting — refreshes interior and exterior ↑
• Both new curtains — improves aesthetics and privacy ↑

ⓘ Cost ranges are severity-bucket heuristics (US national rule-of-thumb). Get contractor quotes + a written scope before underwriting a rehab budget.

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): 40,923
• Household income: $75,061
• Rent vs Own: 49.5% rent · 50.5% own
• Severe rent burden: 2010.0

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: Highly diverse neighborhood (Simpson 0.72)
• Race & ethnicity: White 42% Asian 25% Hispanic / Latino 19% Black 7% Two or more races 7%
• Hispanic origin (detail): Puerto Rican 3% Dominican 6%
• Common ancestry: Scotch-Irish 5% Romanian 3% Hispanic 1%
• Foreign-born: 41% · China, Canada, Jamaica
• Languages at home: 41% English-only · Chinese 16% Spanish 15% Russian/Polish/Slavic 9%

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: ▼ -211.36%
• Current HPI: 220.6177
• 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

-7.5% since first listed

7 events — show timeline

• 2026-05-05 Pending — OneKey® MLS as Distributed by MLS Grid
• 2026-03-23 Price Changed $248,000 OneKey® MLS as Distributed by MLS Grid
• 2026-03-16 Listed $258,000 OneKey® MLS as Distributed by MLS Grid
• 2023-08-07 Sold (MLS) $293,000 OneKey® MLS as Distributed by MLS Grid
• 2023-04-07 Pending — OneKey® MLS as Distributed by MLS Grid
• 2023-03-20 Price Changed $298,000 OneKey® MLS as Distributed by MLS Grid
• 2023-02-22 Listed $268,000 OneKey® MLS as Distributed by MLS Grid