198-28 Pompeii Ave #2 · New York, NY 11423

$209,999

1 bd · 1.0 ba · 719 sqft · Condo · 72 Days on market

Built 1950 ↓ 2% 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 +7.1/10.0
• 1% rule +5.8/10.0
• Schools +5.0/10.0
• Livability +3.8/5.0
• Rent growth +2.5/5.0
• Condition / age +2.5/5.0
• Appreciation +0.0/10.0

Listing remarks MLS

JAMAICA ESTATES GREAT DEAL! OPPORTUNITY FOR PRISTINE RENOVATED 1BR GARDEN APT * TOP FLOOR FULLY RENOVATED APT, VERY AFDORDABLY PRICED IN DESIRABLE LOCATION JAMAICA ESTATES / HOLLISWOOD GARDENS PRIVATE COMMUNITY * DEEP LIVING ROOM, LARGE BEDROOM ACCOMMODATES ANY SIZE FURNITURE, TREMENDOUS CLOSETS, DEDICATED DINING SPACE, FINE REMODELED BATHROOM, ACs INSTALLED * PRISTINE MODERN KITCHEN, COMPLETE with QUARTZ COUNTERS, and NEW STAINLESS APPLIANCES, with DISHWASHER and MICROWAVE * SERENE, QUIET PRIVATE CO-OP COMMUNITY, EASY PARKING, LAUNDRY ON SITE, MANICURED GROUNDS, with RECREATION AREAS * EASY WALK TO HILLSIDE AVE, 5min BUS TO F TRAIN 179St STATION, EXPRESS BUY TO NYC AROUND THE CORNER * MAINTENANCE INCLUDES HEAT, HOT/COLD WATER, and PROPERTY TAXES * GREAT INVESTMENT with STRONG UPSIDE POTENTIAL, UNLIMITED RENTALS ALLOWED AFTER 2 YEARS OF RESIDENCY

Key facts

• Quartz countertops
• Renovated top-floor
• Modern kitchen

Tags

• RENOVATED TOP-FLOOR
• GARDEN-STYLE CO-OP
• MODERN KITCHEN
• QUARTZ COUNTERTOPS
• STAINLESS STEEL APPLIANCES
• UPDATED BATHROOM

Property features AI

Finance

• HOA & community: Additional assessment fee of $22 monthly

Exterior

• Parking: Off-street parking
• Utilities: Public sewer; Trash collection (public)
• Home design: Stock cooperative; Entry level 2
• Construction: Brick construction
• Exterior features: Brick exterior; Not waterfront

Interior

• Kitchen: Dishwasher; Microwave; Oven; Refrigerator
• Bedrooms: Total rooms: 3 (entry level: 2)
• Flooring: Hardwood
• Bathrooms: 1 full bathroom
• Heating & cooling: Hot water heating; Natural gas heating; Steam heating; Other heating; No central cooling
• Interior features: Quartz/Quartzite counters; Other interior details
• Laundry & utility: Common area laundry; Tankless water heater

🏢 Co-op / cooperative unit. The $209,999 price buys shares in the cooperative corporation, not the real estate itself — so it isn't comparable to a fee-simple sale price, and the cashflow / cap-rate / 1%-rule cards below (which assume you own the property and can rent it out) don't apply here. Expect board approval and a monthly maintenance fee on top of the price.

What this means for you Summary

Snapshot

• This is a 1-bed/1.0-bath condo listed at $210k.

Deal economics

• At list price, monthly cash flow is $336 ($4k/yr) — positive.
• The deal already cash-flows at list — no discount required.
• Meets the 1% rule at list price ($2k rent vs $210k).
• Recommended offer: $197k (6.0% 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: 119 active listings in the ZIP; 15 comparable units currently listed for rent nearby; rentals at typical pace (median 18d on market — plan ~3-4 weeks tenant-placement turnaround); 5,302 units permitted in Queens County in 2024 (4,918 in 5+ unit buildings).

Forward outlook

• Local home prices are declining (-3.0%/yr); year-one equity from $1k of loan paydown is wiped out by about $6k 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 72 days — a 6% lower offer ($197k) is reasonable based on typical stale-listing flexibility.
• 2 sale attempts since 2y 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 1950 — expect roof / HVAC / electrical / plumbing capex.
• Climate carrying-cost: major wind risk, 54% 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 $197,399 (6.0% below list)

Questions for the listing agent

1. It's been on market 72 days. Have you received any prior offers? Is the seller open to a 6% concession, seller financing, or rate buy-down credit?
2. Built in 1950 — 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. Why hasn't it sold? Are there any deal-killer items the seller is aware of (foundation, flood, title, zoning, code violations)?
5. Is there a deadline driving the sale (1031 exchange, divorce, estate, relocation)? That informs how much negotiation room exists.
6. 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?
7. 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?
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: 1.08% ✓
• Cap rate: 8.21%
• Cash-on-cash: 6.86%
• DSCR: 1.31
• 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: -5.8%
• Equity multiple: 0.79×
• Total profit: $-12,591
• Equity at exit: $31,312

10-year hold

• IRR: 3.9%
• Equity multiple: 1.28×
• Total profit: $16,736
• Equity at exit: $18,157

Cash invested: $58,800 (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 11423

• Active inventory: 119
• Price-to-rent: 7.7×

Monthly cashflow live

• Estimated rent: $2,262 high
• Mortgage (P&I): −$1,101
• Tax est. 1.5%: −$262 /mo · $3,150/yr
• Insurance: −$87
• HOA: −$0
• Vacancy / Maint / Mgmt: −$475
• Net cashflow: $336

Break-even live

Break-even rent $1,837

Max offer price $209,999

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: $52,500
• Closing costs: $6,300
• Reserves months: —
• Total cash needed: —

Rent comps 15 comps

Address	Beds	Baths	Sqft	Rent	$/sqft	DOM	Units	Dist
8737 Marengo St #1 Hollis, NY	1.0	1.0	720	$1,950	$2.71	10d	1	0.03mi
190-11 Hillside Ave Unit 304 Hollis, NY	1.0	1.0	700	$2,600	$3.71	14d	1	0.45mi
190-11 Hillside Ave Apt 202 Hollis, NY	1.0	1.0	700	$2,700	$3.86	24d	1	0.45mi
8827 208th St Queens Village, NY	1.0	1.0	640	$1,900	$2.97	24d	1	0.46mi
206-03 Jamaica Ave Unit 2ND Queens Village, NY	1.0	1.0	630	$2,696	$4.28	24d	1	0.79mi
73-49 188th St Unit 2 Flushing, NY	1.0	1.0	650	$2,000	$3.08	24d	1	1.13mi
177-30 Wexford Ter Unit 311 Jamaica, NY	1.0	1.0	700	$2,600	$3.71	13d	1	1.19mi
177-30 Wexford Ter Unit 201 Jamaica, NY	1.0	1.0	730	$2,700	$3.70	3d	1	1.19mi
177-30 Wexford Ter Unit 404 Jamaica, NY	1.0	1.0	700	$2,600	$3.71	2d	1	1.19mi
177-18 Wexford Ter Unit 601 Jamaica, NY	1.0	1.0	400	$2,600	$6.50	12d	1	1.20mi
177-16 Wexford Ter Unit 401 Jamaica, NY	1.0	1.0	700	$2,600	$3.71	13d	1	1.21mi
8720 175th St Jamaica, NY	—	1.0	400	$1,895	$4.74	22d	1	1.33mi
214-83 Jamaica Ave Unit 2R Queens Village, NY	1.0	1.0	650	$2,100	$3.23	24d	1	1.33mi
17218 Jamaica Ave Unit 3D Jamaica, NY	1.0	1.0	638	$2,900	$4.55	18d	1	1.45mi
17218 Jamaica Ave Unit 4D Jamaica, NY	1.0	1.0	638	$2,900	$4.55	24d	1	1.45mi

HOA detail condo

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

Listing history 7 events

1. 2026-04-28
   status Pending
2. 2026-02-15
   listed $209,999 Active
3. 2025-03-17
   soldstatus $200,000 Closed 865-char remark

   Show marketing remark (865 chars)

   JAMAICA ESTATES GREAT DEAL! OPPORTUNITY FOR PRISTINE RENOVATED 1BR GARDEN APT * TOP FLOOR FULLY RENOVATED APT, VERY AFDORDABLY PRICED IN DESIRABLE LOCATION JAMAICA ESTATES / HOLLISWOOD GARDENS PRIVATE COMMUNITY * DEEP LIVING ROOM, LARGE BEDROOM ACCOMMODATES ANY SIZE FURNITURE, TREMENDOUS CLOSETS, DEDICATED DINING SPACE, FINE REMODELED BATHROOM, ACs INSTALLED * PRISTINE MODERN KITCHEN, COMPLETE with QUARTZ COUNTERS, and NEW STAINLESS APPLIANCES, with DISHWASHER and MICROWAVE * SERENE, QUIET PRIVATE CO-OP COMMUNITY, EASY PARKING, LAUNDRY ON SITE, MANICURED GROUNDS, with RECREATION AREAS * EASY WALK TO HILLSIDE AVE, 5min BUS TO F TRAIN 179St STATION, EXPRESS BUY TO NYC AROUND THE CORNER * MAINTENANCE INCLUDES HEAT, HOT/COLD WATER, and PROPERTY TAXES * GREAT INVESTMENT with STRONG UPSIDE POTENTIAL, UNLIMITED RENTALS ALLOWED AFTER 2 YEARS OF RESIDENCY

4. 2024-12-12
   status Pending 865-char remark

   Show marketing remark (865 chars)

   JAMAICA ESTATES GREAT DEAL! OPPORTUNITY FOR PRISTINE RENOVATED 1BR GARDEN APT * TOP FLOOR FULLY RENOVATED APT, VERY AFDORDABLY PRICED IN DESIRABLE LOCATION JAMAICA ESTATES / HOLLISWOOD GARDENS PRIVATE COMMUNITY * DEEP LIVING ROOM, LARGE BEDROOM ACCOMMODATES ANY SIZE FURNITURE, TREMENDOUS CLOSETS, DEDICATED DINING SPACE, FINE REMODELED BATHROOM, ACs INSTALLED * PRISTINE MODERN KITCHEN, COMPLETE with QUARTZ COUNTERS, and NEW STAINLESS APPLIANCES, with DISHWASHER and MICROWAVE * SERENE, QUIET PRIVATE CO-OP COMMUNITY, EASY PARKING, LAUNDRY ON SITE, MANICURED GROUNDS, with RECREATION AREAS * EASY WALK TO HILLSIDE AVE, 5min BUS TO F TRAIN 179St STATION, EXPRESS BUY TO NYC AROUND THE CORNER * MAINTENANCE INCLUDES HEAT, HOT/COLD WATER, and PROPERTY TAXES * GREAT INVESTMENT with STRONG UPSIDE POTENTIAL, UNLIMITED RENTALS ALLOWED AFTER 2 YEARS OF RESIDENCY

5. 2024-11-20
   price $205,000 865-char remark

   Show marketing remark (865 chars)

   JAMAICA ESTATES GREAT DEAL! OPPORTUNITY FOR PRISTINE RENOVATED 1BR GARDEN APT * TOP FLOOR FULLY RENOVATED APT, VERY AFDORDABLY PRICED IN DESIRABLE LOCATION JAMAICA ESTATES / HOLLISWOOD GARDENS PRIVATE COMMUNITY * DEEP LIVING ROOM, LARGE BEDROOM ACCOMMODATES ANY SIZE FURNITURE, TREMENDOUS CLOSETS, DEDICATED DINING SPACE, FINE REMODELED BATHROOM, ACs INSTALLED * PRISTINE MODERN KITCHEN, COMPLETE with QUARTZ COUNTERS, and NEW STAINLESS APPLIANCES, with DISHWASHER and MICROWAVE * SERENE, QUIET PRIVATE CO-OP COMMUNITY, EASY PARKING, LAUNDRY ON SITE, MANICURED GROUNDS, with RECREATION AREAS * EASY WALK TO HILLSIDE AVE, 5min BUS TO F TRAIN 179St STATION, EXPRESS BUY TO NYC AROUND THE CORNER * MAINTENANCE INCLUDES HEAT, HOT/COLD WATER, and PROPERTY TAXES * GREAT INVESTMENT with STRONG UPSIDE POTENTIAL, UNLIMITED RENTALS ALLOWED AFTER 2 YEARS OF RESIDENCY

6. 2024-10-28
   price $209,000 865-char remark

   Show marketing remark (865 chars)

   JAMAICA ESTATES GREAT DEAL! OPPORTUNITY FOR PRISTINE RENOVATED 1BR GARDEN APT * TOP FLOOR FULLY RENOVATED APT, VERY AFDORDABLY PRICED IN DESIRABLE LOCATION JAMAICA ESTATES / HOLLISWOOD GARDENS PRIVATE COMMUNITY * DEEP LIVING ROOM, LARGE BEDROOM ACCOMMODATES ANY SIZE FURNITURE, TREMENDOUS CLOSETS, DEDICATED DINING SPACE, FINE REMODELED BATHROOM, ACs INSTALLED * PRISTINE MODERN KITCHEN, COMPLETE with QUARTZ COUNTERS, and NEW STAINLESS APPLIANCES, with DISHWASHER and MICROWAVE * SERENE, QUIET PRIVATE CO-OP COMMUNITY, EASY PARKING, LAUNDRY ON SITE, MANICURED GROUNDS, with RECREATION AREAS * EASY WALK TO HILLSIDE AVE, 5min BUS TO F TRAIN 179St STATION, EXPRESS BUY TO NYC AROUND THE CORNER * MAINTENANCE INCLUDES HEAT, HOT/COLD WATER, and PROPERTY TAXES * GREAT INVESTMENT with STRONG UPSIDE POTENTIAL, UNLIMITED RENTALS ALLOWED AFTER 2 YEARS OF RESIDENCY

7. 2024-10-14
   listed $215,000 Active 865-char remark

   Show marketing remark (865 chars)

   JAMAICA ESTATES GREAT DEAL! OPPORTUNITY FOR PRISTINE RENOVATED 1BR GARDEN APT * TOP FLOOR FULLY RENOVATED APT, VERY AFDORDABLY PRICED IN DESIRABLE LOCATION JAMAICA ESTATES / HOLLISWOOD GARDENS PRIVATE COMMUNITY * DEEP LIVING ROOM, LARGE BEDROOM ACCOMMODATES ANY SIZE FURNITURE, TREMENDOUS CLOSETS, DEDICATED DINING SPACE, FINE REMODELED BATHROOM, ACs INSTALLED * PRISTINE MODERN KITCHEN, COMPLETE with QUARTZ COUNTERS, and NEW STAINLESS APPLIANCES, with DISHWASHER and MICROWAVE * SERENE, QUIET PRIVATE CO-OP COMMUNITY, EASY PARKING, LAUNDRY ON SITE, MANICURED GROUNDS, with RECREATION AREAS * EASY WALK TO HILLSIDE AVE, 5min BUS TO F TRAIN 179St STATION, EXPRESS BUY TO NYC AROUND THE CORNER * MAINTENANCE INCLUDES HEAT, HOT/COLD WATER, and PROPERTY TAXES * GREAT INVESTMENT with STRONG UPSIDE POTENTIAL, UNLIMITED RENTALS ALLOWED AFTER 2 YEARS OF RESIDENCY

ⓘ 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 ≥97°F today · 14 d/yr by 30 yrs out
• 💨 Wind 6/10 Major 54% 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: $27,149
• − Mortgage interest: −$11,763
• − Property taxes: −$3,150
• − Insurance: −$1,050
• − Repairs & maintenance: −$2,172
• − Management: −$2,172
• − Depreciation: −$6,109
• Taxable income: $733
• Est. tax owed @ 24.0%: −$176
• After-tax cash flow: $3,857/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
• City population: 7,731,280
• Population (ZIP): 29,105

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 0.76)
• Race & ethnicity: Black 34% Asian 31% Hispanic / Latino 15% White 10% Two or more races 8%
• Hispanic origin (detail): Puerto Rican 2% Dominican 4%
• Common ancestry: Hispanic 5% Danish 1% Scotch-Irish 1%
• Foreign-born: 55% · Canada, China, Jamaica
• Languages at home: 57% English-only · Other Indo-European 14% Spanish 14% French/Haitian/Cajun 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: ▼ -490.74%
• Current HPI: 273.0152
• Rent YoY: —
• Metro: —
• 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

-2.3% since first listed

7 events — show timeline

• 2026-04-28 Pending — OneKey® MLS as Distributed by MLS Grid
• 2026-02-15 Listed $209,999 OneKey® MLS as Distributed by MLS Grid
• 2025-03-17 Sold (MLS) $200,000 OneKey® MLS as Distributed by MLS Grid
• 2024-12-12 Pending — OneKey® MLS as Distributed by MLS Grid
• 2024-11-20 Price Changed $205,000 OneKey® MLS as Distributed by MLS Grid
• 2024-10-28 Price Changed $209,000 OneKey® MLS as Distributed by MLS Grid
• 2024-10-14 Listed $215,000 OneKey® MLS as Distributed by MLS Grid