1822 Hunt Ave · New York, NY 10462

$1,040,000

8 bd · 3.0 ba · 3,292 sqft · MultiFamily public records · 19 Days on market

Built 1910 2,375 sqft lot Est $1172k · 11% under

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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 +19.9/30.0
• ARV discount +12.6/15.0
• DSCR +6.3/10.0
• Schools +5.0/10.0
• Rent growth +4.9/5.0
• 1% rule +4.5/10.0
• Livability +3.8/5.0
• Condition / age +2.5/5.0
• Appreciation +0.0/10.0

Multi-family units

County records classify this as Multi-Family (2-4 Unit). Listing-text estimate: 1 unit. estimate disagrees with records

Listing remarks MLS

ACCEPTED OFFER, SHOWING ONLY FOR BACKUPS. Bring your creativity and imagination to make this large 2 family home into your dream home in the lovely Morris Park vicinity ! Home is made up of 2- 3 bedrooms/ 1 bathroom apartments, full basement with separate entrance, backyard, deck, and porch. Property is in need of some TLC, but has tremendous potential !

Key facts

• Fully renovated
• Turn-key condition
• Major upgrades

Tags

• FULLY RENOVATED
• MULTI-FAMILY PROPERTY
• STRONG INCOME POTENTIAL
• TURN-KEY CONDITION
• MAJOR UPGRADES
• INCOME-PRODUCING PROPERTY

Property features AI

Exterior

• Parking: On-street parking; Other parking
• Utilities: Con-Edison electric service; Public sewer; Water available; Natural gas available; Cable available; Phone available; Public trash collection
• Home design: Triplex; Actual property condition
• Construction: Foundation: Other
• Exterior features: Not waterfront; Advanced framing technique; Block, brick, stone and vinyl siding exterior; Other construction materials

Interior

• Bedrooms: One 2-bedroom unit; Two 3-bedroom units
• Bathrooms: 3 full bathrooms (total)
• Heating & cooling: Hot water heating; Wall/window air conditioning units
• Interior features: High ceilings; High-speed internet

What this means for you Summary

Snapshot

• This is a 8-bed/3.0-bath multifamily listed at $1.04M.

Deal economics

• At list price, monthly cash flow is $1k ($15k/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 $989k (4.9% below list).
• Recommended offer: $989k (4.9% below list) — sets the bar for 1% rule.
• Cap rate 7.7% 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 (+9.4%/yr); 189 active listings in the ZIP; 6,929 units permitted in Bronx County in 2024 (6,829 in 5+ unit buildings).
• At $9,890/mo this rent would consume 195% of the median local household income ($61k/yr) (locally 7650% 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 $7k of loan paydown is wiped out by about $31k 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.
• At projected returns (-3.0% appreciation + 8.0% rent growth), your $291k cash investment doubles in ~10 years — after that, you're playing with house money.

Negotiation context

• It's been on market 19 days — a 2% lower offer ($1.02M) is reasonable based on typical stale-listing flexibility.
• 5 sale attempts since 15y 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 $470k; list at $1.04M implies a 121% gain — meaningful room to come down on a strong offer.

Risks & watch-outs

• Watch-outs: built in 1910 — expect roof / HVAC / electrical / plumbing capex.
• Climate carrying-cost: 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 $989,000 (4.9% below list)

Questions for the listing agent

1. Built in 1910 — when were the roof, HVAC, electrical panel, plumbing, and water heater last replaced?
2. Is there a deadline driving the sale (1031 exchange, divorce, estate, relocation)? That informs how much negotiation room exists.
3. 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?
4. 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?
5. 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.
6. 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.
7. 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: 0.95% ✗
• Cap rate: 7.74%
• Cash-on-cash: 5.16%
• DSCR: 1.23
• GRM: 8.8

CMA / ARV

• ARV (on-the-fly): $1,171,952
• Comps found: 12

Show comp detail 12 sales within ~0.75 mi

Address	Dist	Beds/Ba	Sqft	Sold	Price	$/sf	Match
1859 Holland Ave	0.07mi	7/3.0 (-1)	3,136 (-5%)	19mo	$835,000	$266	68
1746 Van Buren St	0.41mi	8/3.0	3,388 (+3%)	14mo	$940,000	$277	64
1852 Amethyst St	0.15mi	7/5.0 (-1)	2,954 (-10%)	2mo	$1,125,000	$381	61
1911 Matthews Ave	0.21mi	7/3.0 (-1)	2,994 (-9%)	14mo	$825,000	$276	59
1822 Fowler Ave	0.34mi	8/4.0	3,500 (+6%)	14mo	$1,250,000	$357	58
1859 Matthews Ave	0.18mi	7/3.0 (-1)	2,852 (-13%)	10mo	$905,000	$317	56
637 Baker Ave	0.28mi	9/3.0 (+1)	3,520 (+7%)	18mo	$985,000	$280	55
584 Morris Park Ave	0.30mi	9/7.0 (+1)	3,240 (-2%)	15mo	$1,350,000	$417	51
1935 Holland Ave	0.19mi	9/6.0 (+1)	3,642 (+11%)	8mo	$1,545,000	$424	50
1954 Bronxdale Ave	0.26mi	7/3.0 (-1)	2,800 (-15%)	14mo	$900,000	$321	46
1570 Bogart Ave Unit A	0.56mi	9/6.0 (+1)	3,258 (-1%)	12mo	$1,160,000	$356	45
1432 Saint Lawrence Ave	0.71mi	9/2.0 (+1)	2,968 (-10%)	13mo	$1,200,000	$404	31

Match score weights: distance 35% · size 25% · config 20% · recency 20%. Top-matched comps best support the ARV.

Projected returns pro-forma

-3.0% appreciation · 8.0% rent growth · sell at horizon

5-year hold

• IRR: -3.2%
• Equity multiple: 0.87×
• Total profit: $-36,764
• Equity at exit: $155,067

10-year hold

• IRR: 11.1%
• Equity multiple: 2.06×
• Total profit: $307,580
• Equity at exit: $89,920

Cash invested: $291,200 (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 10462

• Home prices YoY: -10.4%
• Rents YoY: 9.4%
• Active inventory: 189
• Price-to-rent: 26.3×

Monthly cashflow live

• Estimated rent: $9,890 medium
• Mortgage (P&I): −$5,454
• Tax from tax record: −$674 /mo · $8,089/yr
• Insurance: −$433
• HOA: −$0
• Vacancy / Maint / Mgmt: −$2,077
• Net cashflow: $1,252

Break-even live

Break-even rent $8,305

Max offer price $1,040,000

Occupancy floor 82%

3-unit breakdown (identical units grouped — click to expand)

Units	Beds	Baths	Est. rent
▸ 3× units	3	1	$9,891
Total (3 units)			$9,890

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: $260,000
• Closing costs: $31,200
• Reserves months: —
• Total cash needed: —

Listing history 15 events

1. 2026-06-18
   price $1,040,000 Active 19 DOM
2. 2026-06-18
   days on market $1,050,000 Active 19 DOM
3. 2026-06-17
   days on market $1,050,000 Active 18 DOM
4. 2026-06-16
   days on market $1,050,000 Active 17 DOM
5. 2026-06-15
   days on market $1,050,000 Active 16 DOM
6. 2026-06-13
   days on market $1,050,000 Active 14 DOM
7. 2026-06-09
   days on market $1,050,000 Active 10 DOM
8. 2026-06-08
   days on market $1,050,000 Active 9 DOM
9. 2026-06-08
   days on market $1,050,000 Active 8 DOM
10. 2026-06-04
    days on market $1,050,000 Active 5 DOM
11. 2026-06-03
    days on market $1,050,000 Active 4 DOM
12. 2026-06-02
    days on market $1,050,000 Active 3 DOM
13. 2026-06-01
    days on market $1,050,000 Active 2 DOM
14. 2026-05-31
    remarks 681-char remark
15. 2026-05-31
    listed $1,050,000 Active 1 DOM

ⓘ Source: listings_history table (triggers on properties + properties_extension) + one-shot backfill from property_details.listing_events for pre-trigger history.

Tax reassessment forecast NY · Partial reset (capped growth)

• Current annual tax: $8,089 · $674/mo
• Projected year-2 tax: $12,832 · $1,069/mo
• Expected delta: +$4,744/yr (+$395/mo · 58.6%)

ⓘ Screening estimate from a state-policy table — verify with the county assessor before closing.

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 · 15 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 · 6 by 30 yrs out

Taxation est. · year 1

• Rental income: $118,680
• − Mortgage interest: −$58,256
• − Property taxes: −$8,089
• − Insurance: −$5,200
• − Repairs & maintenance: −$9,494
• − Management: −$9,494
• − Depreciation: −$30,255
• Taxable loss: −$2,108
• Est. tax savings @ 24.0%: +$506
• After-tax cash flow: $15,528/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): 76,320
• Household income: $60,966
• Rent vs Own: 76.5% rent · 23.5% own
• Severe rent burden: 7650.0

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 0.70)
• Race & ethnicity: Hispanic / Latino 46% Black 22% Asian 18% White 10% Two or more races 9% Native American 1%
• Hispanic origin (detail): Mexican 4% Puerto Rican 17% Dominican 15%
• Foreign-born: 34% · Canada, China, Vietnam
• Languages at home: 39% English-only · Spanish 36% Other Indo-European 16% Arabic 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: ▼ -41.59%
• Current HPI: 356.326
• Rent YoY: ▲ 9.43%
• 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

+110.0% since first listed

12 events — show timeline

• 2026-05-30 Listed $1,050,000 OneKey® MLS as Distributed by MLS Grid
• 2026-01-20 Listed $1,050,000 OneKey® MLS as Distributed by MLS Grid
• 2016-08-24 Price Changed $470,000 HGMLS
• 2016-08-24 Sold (MLS) $470,000 HGMLS
• 2016-08-24 Sold (MLS) $470,000 OneKey® MLS as Distributed by MLS Grid
• 2016-07-21 Sold (Public Records) $340,000 Public Records
• 2016-07-13 Contingent — HGMLS
• 2016-07-13 Price Changed $499,990 HGMLS
• 2016-07-06 Listed $499,990 HGMLS
• 2016-07-06 Listed $499,990 OneKey® MLS as Distributed by MLS Grid
• 2011-12-05 Delisted — HGMLS
• 2011-07-12 Listed — HGMLS

Property tax history

+6.4%/yr

Latest (2025): $8,089 · +6.0% YoY. Source: county tax records.