2830 Briggs Ave Unit 4F · New York, NY 10458

$199,999

2 bd · 1.0 ba · 855 sqft · Condo · 38 Days on market

Built 1955 Good condition $1268/mo HOA ↓ 23% 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).

• 1% rule +10.0/10.0
• Cash flow +7.8/30.0
• ARV discount +7.5/15.0
• Appreciation +7.5/10.0
• Schools +5.0/10.0
• Rent growth +4.5/5.0
• Livability +3.8/5.0
• Condition / age +3.8/5.0
• DSCR +1.9/10.0

Listing remarks MLS

NOW OFFERING 3 MONTHS OF FREE MAINTENANCE THROUGH THANKSGIVING. SPONSOR SALE WITH NO BOARD APPROVAL, AND FLEXIBLE FINANCING AVAILABLE!Origin Briggs #4F is a spaciously laid out 2 bedroom/1 bath home featuring the highest upgrades in all aspects. From the moment you enter, you will be greeted by generously proportioned living and dining space that set the stage in this turn key home. The residence premium upgrades include refinished hardwood floors with satin finish, flush mount Maxim Linear LED overhead lighting fixtures and chrome door hardware by Yale. An inviting entry foyer leads you to a brand new eat-in kitchen with custom stained wood cabinetry in smoke finish, undermount sink by Elkay and faucet with pulldown spray by Huntington Brass. In addition, the stainless steel appliance package is designed by Haier and GE. The bathroom is beautifully equipped with Michelangelo white floor tile and polished wall tile, Huntington Brass fixtures, 60" bathtub, LED scone by Progress Lighting and custom white vanity with ceramic top. Rounding out the picture is your king size bedroom with western exposure, great closets, skim-coated walls, updated electric and restored original details. Smaller bedroom is ideal as an office or kids room. Located in the Fordham neighborhood, 2830 Briggs Avenue was built in 1955 and is now being meticulously restored for modern living. As one of nine properties in the new Origin North collection, the building and its spacious apartments blend original details with a top-of-the line developer restoration. With the B/D/4 trains nearby, as well as the Metro North Harlem Line and the Mosholu Parkway, the property offers various options for seamless travel and commuting. The property is minutes away from The New York Botanical, and is also surrounded by educational institutions including Fordham University, the Bronx High School of Science and Mount St. Ursula Academy. There are supermarkets and other prime shopping in close proximity. Photography is of the model residence. Learn about the entire collection by searching Origin North.

Key facts

• Renovated kitchen
• Ample cabinet space
• Open-concept living

Tags

• RENOVATED KITCHEN
• AMPLE CABINET SPACE
• UPDATED BATHROOM
• OPEN-CONCEPT LIVING
• HARDWOOD FLOORS
• ABUNDANT NATURAL LIGHT

Property features AI

Finance

• HOA & community: Has association; Monthly association fee (includes common area maintenance, exterior maintenance, gas, heat, sewer, snow removal, trash, water); Association amenities include elevator(s), live-in super, parking; Additional monthly assessment of $63.40 ending 03/27

Exterior

• Parking: Waitlist for parking
• Utilities: Con-Edison electric service; Public sewer; Cable available; Electricity available and connected; Natural gas available and connected; Sewer available and connected; Public trash collection; Water available and connected
• Home design: Stock cooperative; 6 total stories; Entry level on 4
• Construction: Brick construction
• Exterior features: Brick construction; Not waterfront

Interior

• Kitchen: Oven; Range; Refrigerator
• Bedrooms: 5 rooms total (includes bedrooms and living spaces)
• Flooring: Hardwood floors
• Bathrooms: 1 full bathroom
• Heating & cooling: Radiant heating; Wall/window air conditioning unit(s)
• Interior features: High ceilings; Finished basement; Basement present
• Laundry & utility: Common area laundry

🏢 Co-op / cooperative unit. The $199,999 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 2-bed/1.0-bath condo listed at $200k. Condition is rated good.

Deal economics

• At list price, monthly cash flow is $-222 ($-3k/yr) — negative.
• To cash-flow at today's rent, offer at most $168k (16.1% below list).
• Meets the 1% rule at list price ($3k rent vs $200k).
• Recommended offer: $168k (16.1% below list) — sets the bar for cash-flow.
• Cap rate 5.0% 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 (+8.0%/yr); 62 active listings in the ZIP; 2 comparable units currently listed for rent nearby; lower-income renter base — watch delinquency; 6,929 units permitted in Bronx County in 2024 (6,829 in 5+ unit buildings).
• At $3,073/mo this rent would consume 90% of the median local household income ($41k/yr) (locally 10274% of renters already pay >50% of income on rent) — very limited rent-growth headroom before tenants either downsize or default.

Forward outlook

• In year one you build about $11k of equity ($1k loan paydown + $10k appreciation (5.0% local appreciation)).
• Bronx County population projected at +21% by 2050 — long-run rental-demand tailwind backs the buy-and-hold thesis.
• By year 4, paydown + projected appreciation supports a ~$39k cash-out refi (75% LTV) — recoverable capital for the next deal without selling this one.

Negotiation context

• It's been on market 38 days — a 3% lower offer ($194k) is reasonable based on typical stale-listing flexibility.
• 8 sale attempts since 5y 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: HOA is 41% of rent; built in 1955 — 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 $167,828 (16.1% 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 38 days. Have you received any prior offers? Is the seller open to a 16% concession, seller financing, or rate buy-down credit?
3. Built in 1955 — when were the roof, HVAC, electrical panel, plumbing, and water heater last replaced?
4. What does the HOA fee cover, when was the last increase, and are there any pending special assessments or reserve-fund shortfalls?
5. 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?
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. 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.
10. 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.
11. 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: 1.54% ✓
• Cap rate: 4.96%
• Cash-on-cash: -4.76%
• DSCR: 0.79
• GRM: 5.4

CMA / ARV

No comps found within radius.

Projected returns pro-forma

5.03% appreciation · 8.0% rent growth · sell at horizon

5-year hold

• IRR: 13.2%
• Equity multiple: 1.88×
• Total profit: $49,285
• Equity at exit: $113,636

10-year hold

• IRR: 17.7%
• Equity multiple: 4.60×
• Total profit: $201,682
• Equity at exit: $196,368

Cash invested: $56,000 (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 10458

• Home prices YoY: 3.0%
• Rents YoY: 8.0%
• Active inventory: 62
• Price-to-rent: 5.4×

Monthly cashflow live

• Estimated rent: $3,073 medium
• Mortgage (P&I): −$1,049
• Tax est. 1.5%: −$250 /mo · $3,000/yr
• Insurance: −$83
• HOA: −$1,268
• Vacancy / Maint / Mgmt: −$645
• Net cashflow: $-222

Break-even live

Break-even rent $3,355

Max offer price $167,828

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: $50,000
• Closing costs: $6,000
• Reserves months: —
• Total cash needed: —

Rent comps 2 comps

Address	Beds	Baths	Sqft	Rent	$/sqft	DOM	Units	Dist
2311 Crotona Ave Apt 2 Bronx, NY	3.0	1.0	950	$3,350	$3.53	25d	1	1.09mi
2311 Crotona Ave Apt 1 Bronx, NY	3.0	1.0	950	$3,350	$3.53	20d	1	1.09mi

HOA detail condo

• Monthly dues: $1,268 · $15,216/yr
• Likely covers: electric
• Assessments: None detected in remarks — confirm with the listing agent.

Listing history 29 events

1. 2026-06-18
   days on market $199,999 Active 38 DOM
2. 2026-06-17
   days on market $199,999 Active 37 DOM
3. 2026-06-16
   days on market $199,999 Active 36 DOM
4. 2026-06-15
   days on market $199,999 Active 35 DOM
5. 2026-06-13
   days on market $199,999 Active 33 DOM
6. 2026-06-10
   days on market $199,999 Active 29 DOM
7. 2026-06-08
   days on market $199,999 Active 28 DOM
8. 2026-06-08
   days on market $199,999 Active 27 DOM
9. 2026-06-04
   days on market $199,999 Active 24 DOM
10. 2026-06-03
    days on market $199,999 Active 23 DOM
11. 2026-06-01
    days on market $199,999 Active 21 DOM
12. 2026-05-31
    days on market $199,999 Active 20 DOM
13. 2026-05-11
    price $199,999
14. 2026-05-11
    listed $200,000 Active
15. 2026-02-17
    historical
16. 2025-10-29
    listed $200,000 Active
17. 2025-10-20
    historical
18. 2023-05-30
    soldstatus $220,000 Sold 2094-char remark

    Show marketing remark (2094 chars)

    NOW OFFERING 3 MONTHS OF FREE MAINTENANCE THROUGH THANKSGIVING. SPONSOR SALE WITH NO BOARD APPROVAL, AND FLEXIBLE FINANCING AVAILABLE!Origin Briggs #4F is a spaciously laid out 2 bedroom/1 bath home featuring the highest upgrades in all aspects. From the moment you enter, you will be greeted by generously proportioned living and dining space that set the stage in this turn key home. The residence premium upgrades include refinished hardwood floors with satin finish, flush mount Maxim Linear LED overhead lighting fixtures and chrome door hardware by Yale. An inviting entry foyer leads you to a brand new eat-in kitchen with custom stained wood cabinetry in smoke finish, undermount sink by Elkay and faucet with pulldown spray by Huntington Brass. In addition, the stainless steel appliance package is designed by Haier and GE. The bathroom is beautifully equipped with Michelangelo white floor tile and polished wall tile, Huntington Brass fixtures, 60" bathtub, LED scone by Progress Lighting and custom white vanity with ceramic top. Rounding out the picture is your king size bedroom with western exposure, great closets, skim-coated walls, updated electric and restored original details. Smaller bedroom is ideal as an office or kids room. Located in the Fordham neighborhood, 2830 Briggs Avenue was built in 1955 and is now being meticulously restored for modern living. As one of nine properties in the new Origin North collection, the building and its spacious apartments blend original details with a top-of-the line developer restoration. With the B/D/4 trains nearby, as well as the Metro North Harlem Line and the Mosholu Parkway, the property offers various options for seamless travel and commuting. The property is minutes away from The New York Botanical, and is also surrounded by educational institutions including Fordham University, the Bronx High School of Science and Mount St. Ursula Academy. There are supermarkets and other prime shopping in close proximity. Photography is of the model residence. Learn about the entire collection by searching Origin North.

19. 2022-11-02
    price $220,000 2094-char remark

    Show marketing remark (2094 chars)

    NOW OFFERING 3 MONTHS OF FREE MAINTENANCE THROUGH THANKSGIVING. SPONSOR SALE WITH NO BOARD APPROVAL, AND FLEXIBLE FINANCING AVAILABLE!Origin Briggs #4F is a spaciously laid out 2 bedroom/1 bath home featuring the highest upgrades in all aspects. From the moment you enter, you will be greeted by generously proportioned living and dining space that set the stage in this turn key home. The residence premium upgrades include refinished hardwood floors with satin finish, flush mount Maxim Linear LED overhead lighting fixtures and chrome door hardware by Yale. An inviting entry foyer leads you to a brand new eat-in kitchen with custom stained wood cabinetry in smoke finish, undermount sink by Elkay and faucet with pulldown spray by Huntington Brass. In addition, the stainless steel appliance package is designed by Haier and GE. The bathroom is beautifully equipped with Michelangelo white floor tile and polished wall tile, Huntington Brass fixtures, 60" bathtub, LED scone by Progress Lighting and custom white vanity with ceramic top. Rounding out the picture is your king size bedroom with western exposure, great closets, skim-coated walls, updated electric and restored original details. Smaller bedroom is ideal as an office or kids room. Located in the Fordham neighborhood, 2830 Briggs Avenue was built in 1955 and is now being meticulously restored for modern living. As one of nine properties in the new Origin North collection, the building and its spacious apartments blend original details with a top-of-the line developer restoration. With the B/D/4 trains nearby, as well as the Metro North Harlem Line and the Mosholu Parkway, the property offers various options for seamless travel and commuting. The property is minutes away from The New York Botanical, and is also surrounded by educational institutions including Fordham University, the Bronx High School of Science and Mount St. Ursula Academy. There are supermarkets and other prime shopping in close proximity. Photography is of the model residence. Learn about the entire collection by searching Origin North.

20. 2022-11-02
    listed $2,200,002 Active 2094-char remark

    Show marketing remark (2094 chars)

    NOW OFFERING 3 MONTHS OF FREE MAINTENANCE THROUGH THANKSGIVING. SPONSOR SALE WITH NO BOARD APPROVAL, AND FLEXIBLE FINANCING AVAILABLE!Origin Briggs #4F is a spaciously laid out 2 bedroom/1 bath home featuring the highest upgrades in all aspects. From the moment you enter, you will be greeted by generously proportioned living and dining space that set the stage in this turn key home. The residence premium upgrades include refinished hardwood floors with satin finish, flush mount Maxim Linear LED overhead lighting fixtures and chrome door hardware by Yale. An inviting entry foyer leads you to a brand new eat-in kitchen with custom stained wood cabinetry in smoke finish, undermount sink by Elkay and faucet with pulldown spray by Huntington Brass. In addition, the stainless steel appliance package is designed by Haier and GE. The bathroom is beautifully equipped with Michelangelo white floor tile and polished wall tile, Huntington Brass fixtures, 60" bathtub, LED scone by Progress Lighting and custom white vanity with ceramic top. Rounding out the picture is your king size bedroom with western exposure, great closets, skim-coated walls, updated electric and restored original details. Smaller bedroom is ideal as an office or kids room. Located in the Fordham neighborhood, 2830 Briggs Avenue was built in 1955 and is now being meticulously restored for modern living. As one of nine properties in the new Origin North collection, the building and its spacious apartments blend original details with a top-of-the line developer restoration. With the B/D/4 trains nearby, as well as the Metro North Harlem Line and the Mosholu Parkway, the property offers various options for seamless travel and commuting. The property is minutes away from The New York Botanical, and is also surrounded by educational institutions including Fordham University, the Bronx High School of Science and Mount St. Ursula Academy. There are supermarkets and other prime shopping in close proximity. Photography is of the model residence. Learn about the entire collection by searching Origin North.

21. 2022-09-12
    price $220,000
22. 2022-06-02
    status Active
23. 2022-04-26
    status Active
24. 2022-04-26
    price $240,000
25. 2022-04-19
    price $240,000
26. 2022-02-02
    status Pending
27. 2021-08-10
    listed $260,000 Active
28. 2021-07-21
    listed $260,000
29. 2021-07-21
    listed $260,000 Active

ⓘ 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 · 15 d/yr by 30 yrs out
• 💨 Wind 6/10 Major 27% chance of damaging wind over 30 yrs
• 🫁 Air quality 3/10 Moderate 3 unhealthy d/yr today · 4 by 30 yrs out

Taxation est. · year 1

• Rental income: $36,878
• − Mortgage interest: −$11,203
• − Property taxes: −$3,000
• − Insurance: −$1,000
• − Repairs & maintenance: −$2,950
• − Management: −$2,950
• − HOA: −$15,216
• − Depreciation: −$5,818
• Taxable loss: −$5,259
• Est. tax savings @ 24.0%: +$1,262
• After-tax cash flow: $-1,406/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 · 13 photos

Good 75/100 Cosmetic rehab

This 2-bedroom, 1-bath condo is in good condition with modern updates and a good location. It has potential for further improvements to increase its value.

Value-add opportunities

• Both Paint exterior — Enhances curb appeal and can increase property value.
• Both Inspect and clean HVAC system — Ensures system is functioning properly and can improve air quality.
• Both Landscaping and curb appeal — Improves curb appeal and can increase property value.
• Both Replace outdated light fixtures — Modernizes the space and can improve energy efficiency.

Renovation cost estimate screening

Value-add ROI direction

• Both Paint exterior — Enhances curb appeal and can increase property value. ↑
• Both Inspect and clean HVAC system — Ensures system is functioning properly and can improve air quality. ↑
• Both Landscaping and curb appeal — Improves curb appeal and can increase property value. ↑
• Both Replace outdated light fixtures — Modernizes the space and can improve energy efficiency. ↑

ⓘ 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: Bronx County · 1,197,324 people
• City population: 7,731,280
• Metro: New York-Newark-Jersey City, NY-NJ-PA
• Population (ZIP): 74,898
• Household income: $40,800
• Rent vs Own: 95.8% rent · 4.2% own
• Severe rent burden: 10274.0

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: Predominantly Hispanic (70%)
• Race & ethnicity: Hispanic / Latino 70% Black 16% Two or more races 10% White 8% Asian 4% Native American 2%
• Hispanic origin (detail): Mexican 12% Puerto Rican 15% Dominican 34%
• Foreign-born: 41% · Canada, Jamaica, South Korea
• Languages at home: 30% English-only · Spanish 61% Other Indo-European 3% French/Haitian/Cajun 1%

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: ▲ 5.03%
• Current HPI: 173.4217
• Rent YoY: ▲ 8.04%
• 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

-23.1% since first listed

17 events — show timeline

• 2026-05-11 Price Changed $199,999 OneKey® MLS as Distributed by MLS Grid
• 2026-05-11 Listed $200,000 OneKey® MLS as Distributed by MLS Grid
• 2026-02-17 Listing Removed — OneKey® MLS as Distributed by MLS Grid
• 2025-10-29 Listed $200,000 OneKey® MLS as Distributed by MLS Grid
• 2025-10-20 Coming Soon — OneKey® MLS as Distributed by MLS Grid
• 2023-05-30 Sold (MLS) $220,000 RLS at REBNY
• 2022-11-02 Price Changed $220,000 RLS at REBNY
• 2022-11-02 Listed $2,200,002 RLS at REBNY
• 2022-09-12 Price Changed $220,000 OneKey® MLS as Distributed by MLS Grid
• 2022-06-02 Relisted — RLS at REBNY
• 2022-04-26 Relisted — OneKey® MLS as Distributed by MLS Grid
• 2022-04-26 Price Changed $240,000 OneKey® MLS as Distributed by MLS Grid
• 2022-04-19 Price Changed $240,000 RLS at REBNY
• 2022-02-02 Pending — OneKey® MLS as Distributed by MLS Grid
• 2021-08-10 Listed $260,000 OneKey® MLS as Distributed by MLS Grid
• 2021-07-21 Listed $260,000 RLS at REBNY
• 2021-07-21 Listed $260,000 RLS at REBNY