240 Alpine Pl Unit 2A · Tuckahoe, NY 10707

$179,900

1 bd · 1.0 ba · 700 sqft · Condo · 10 Days on market

Built 1930 Fair condition $257/sqft · 41% below area Est $307k · 41% under ↓ 5% since listing

---

Why this score? — see what drove the A- 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 +30.0/30.0
• ARV discount +15.0/15.0
• 1% rule +10.0/10.0
• DSCR +10.0/10.0
• Schools +7.2/10.0
• Livability +4.0/5.0
• Rent growth +2.5/5.0
• Condition / age +2.2/5.0
• Appreciation +0.0/10.0

Listing remarks MLS

Looking for something super close to the train, shops and pet friendly? .... Welcome to 240 Alpine Place, Unit #2A. It's a short walk to the Metro North Crestwood Train Station, truly a commuters dream location AND a pet friendly building! This unit offers an open bright foyer, large walk-in hall closet, eat-in kitchen, large living room, one large bedroom with good closet space, and a full bathroom with linen closet. The original charming details, include hardwood flooring throughout, curved archways, beautiful doors and hardware. Freshly painted makes it a move right in opportunity. Laundry room is just one flight down. No elevator. Easy street parking. Don't miss this opportunity to make this apartment your very own and discover all Eastchester has to offer.

Key facts

• Open bright foyer
• Large living room
• Eat-in kitchen

Tags

• PET FRIENDLY BUILDING
• OPEN BRIGHT FOYER
• LARGE WALK-IN HALL CLOSET
• EAT-IN KITCHEN
• LARGE LIVING ROOM
• ORIGINAL CHARMING DETAILS

🏷️ Possibly a rental listed for sale. The $179,900 price doesn't fit this home's estimated sale value (~$307,148) and the remarks read like a rental — treat the cards below with caution.

What this means for you Summary

Snapshot

• This is a 1-bed/1.0-bath condo listed at $180k. Condition is rated fair.

Deal economics

• At list price, monthly cash flow is $897 ($11k/yr) — positive.
• The deal already cash-flows at list — no discount required.
• Meets the 1% rule at list price ($3k rent vs $180k).
• Cap rate 12.3% vs local median 2.9% in Tuckahoe — 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 79/100 on livability (#125 in NY, #2,013 nationally) — a middle-class / working-renter tenant base. Strengths: schools A+, crime A+, commute A+; Watch: amenities C-, cost of living F.
• Eastchester Union Free School District (suburban): math 79% / reading 80% proficiency, ranked #42 of 590 in NY (top 7%) — strong family-tenant draw, lease renewals of 3-5y typical; only 2% free/reduced lunch — higher-income household profile.
• Market conditions: 44 active listings in the ZIP; 11 comparable units currently listed for rent nearby; rentals at typical pace (median 19d on market — plan ~3-4 weeks tenant-placement turnaround); high-income renter base; 954 units permitted in Westchester County in 2024 (649 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 $5k of value loss. Plan a longer hold.
• Westchester County population projected at +10% by 2050 — modest demand growth; plan on rents tracking national, not racing it.
• At projected returns (-3.0% appreciation + 3.0% rent growth), your $50k cash investment doubles in ~6 years — after that, you're playing with house money.

Negotiation context

• Only 10 days on market — expect competitive offers; lowballing is unlikely to land.
• 2 sale attempts; this cycle's ask has dropped $30k (14%) from the opening price — seller is motivated, your offer sets the floor, not the list.

Risks & watch-outs

• Watch-outs: built in 1930 — 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 $179,900

Questions for the listing agent

1. Have any recent inspections been done? Can we get a copy of the seller's disclosures and any deferred-maintenance estimates?
2. Built in 1930 — 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 A-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. 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.
7. 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.
8. 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: 1.51% ✓
• Cap rate: 12.27%
• Cash-on-cash: 21.36%
• DSCR: 1.95
• GRM: 5.5

CMA / ARV

• ARV (median comp): $307,148
• List price: $179,900
• Delta: -35.21%
• Verdict: UNDERPRICED
• Comps: 20 within 1.0 mi

Projected returns pro-forma

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

5-year hold

• IRR: 13.9%
• Equity multiple: 1.56×
• Total profit: $28,004
• Equity at exit: $26,824

10-year hold

• IRR: 22.7%
• Equity multiple: 2.95×
• Total profit: $98,095
• Equity at exit: $15,554

Cash invested: $50,372 (down + closing). Projections, not guarantees.

Landlord ↔ Tenant lean methodology

• Overall (STATE): 15 Strongly Tenant-Friendly
• State New York: 15 Strongly Tenant-Friendly · D+10
• County: — inherits STATE
• City: — inherits STATE

NYC rent stabilization (~1M units); 2019 HSTPA strengthened tenant rights; courts deeply backlogged.

Methodology + full state rankings →

ZIP-level market 10707

• Active inventory: 44
• Price-to-rent: 5.5×

Monthly cashflow live

• Estimated rent: $2,709 high
• Mortgage (P&I): −$943
• Tax est. 1.5%: −$225 /mo · $2,698/yr
• Insurance: −$75
• HOA: −$0
• Vacancy / Maint / Mgmt: −$569
• Net cashflow: $897

Break-even live

Break-even rent $1,574

Max offer price $179,900

Occupancy floor 62%

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: $44,975
• Closing costs: $5,397
• Reserves months: —
• Total cash needed: —

Rent comps 11 comps

Address	Beds	Baths	Sqft	Rent	$/sqft	DOM	Units	Dist
212 Alpine Pl Tuckahoe, NY	1.0	1.0	700	$2,700	$3.86	20d	1	0.07mi
Glen Rd Unit H Eastchester, NY	1.0	1.0	612	$2,200	$3.59	44d	1	0.12mi
2 Park Ave Unit 1B Eastchester, NY	1.0	1.0	740	$2,500	$3.38	44d	1	0.15mi
Fisher Ave Eastchester, NY	1.0	1.0	731	$2,500	$3.42	44d	1	0.16mi
300 Columbus Ave Tuckahoe, NY	—	1.0	766	$3,100	$4.05	19d	5	0.17mi
2 Consulate Dr Unit 1J Tuckahoe, NY	1.0	1.0	750	$2,700	$3.60	12d	1	0.31mi
40 Jackson Ave Eastchester, NY	1.0	1.0	725	$2,950	$4.07	15d	1	0.46mi
50 Columbus Ave Unit 817 Tuckahoe, NY	1.0	1.0	750	$3,000	$4.00	22d	1	0.51mi
21 Scarsdale Rd Yonkers, NY	2.0	1.0	835	$3,795	$4.54	2d	21	0.72mi
717 Tuckahoe Rd Unit 16A Yonkers, NY	1.0	1.0	650	$2,495	$3.84	5d	1	1.24mi
1270 North Ave Unit 2L New Rochelle, NY	—	1.0	650	$2,400	$3.69	15d	1	1.41mi

HOA detail condo

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

Listing history 11 events

1. 2026-06-18
   days on market $179,900 Active 10 DOM
2. 2026-06-17
   days on market $179,900 Active 9 DOM
3. 2026-06-16
   days on market $179,900 Active 8 DOM
4. 2026-06-15
   days on market $179,900 Active 7 DOM
5. 2026-06-13
   days on market $179,900 Active 5 DOM
6. 2026-06-08
   pricedays on marketlisting id $179,900 Active 1 DOM
7. 2026-06-01
   days on market $199,000 Active 270 DOM
8. 2026-05-31
   days on market $199,000 Active 269 DOM
9. 2026-03-25
   price $199,000 771-char remark

   Show marketing remark (771 chars)

   Looking for something super close to the train, shops and pet friendly? .... Welcome to 240 Alpine Place, Unit #2A. It's a short walk to the Metro North Crestwood Train Station, truly a commuters dream location AND a pet friendly building! This unit offers an open bright foyer, large walk-in hall closet, eat-in kitchen, large living room, one large bedroom with good closet space, and a full bathroom with linen closet. The original charming details, include hardwood flooring throughout, curved archways, beautiful doors and hardware. Freshly painted makes it a move right in opportunity. Laundry room is just one flight down. No elevator. Easy street parking. Don't miss this opportunity to make this apartment your very own and discover all Eastchester has to offer.

10. 2025-12-02
    status Active 771-char remark

    Show marketing remark (771 chars)

    Looking for something super close to the train, shops and pet friendly? .... Welcome to 240 Alpine Place, Unit #2A. It's a short walk to the Metro North Crestwood Train Station, truly a commuters dream location AND a pet friendly building! This unit offers an open bright foyer, large walk-in hall closet, eat-in kitchen, large living room, one large bedroom with good closet space, and a full bathroom with linen closet. The original charming details, include hardwood flooring throughout, curved archways, beautiful doors and hardware. Freshly painted makes it a move right in opportunity. Laundry room is just one flight down. No elevator. Easy street parking. Don't miss this opportunity to make this apartment your very own and discover all Eastchester has to offer.

11. 2025-06-20
    listed $210,000 Active 771-char remark

    Show marketing remark (771 chars)

    Looking for something super close to the train, shops and pet friendly? .... Welcome to 240 Alpine Place, Unit #2A. It's a short walk to the Metro North Crestwood Train Station, truly a commuters dream location AND a pet friendly building! This unit offers an open bright foyer, large walk-in hall closet, eat-in kitchen, large living room, one large bedroom with good closet space, and a full bathroom with linen closet. The original charming details, include hardwood flooring throughout, curved archways, beautiful doors and hardware. Freshly painted makes it a move right in opportunity. Laundry room is just one flight down. No elevator. Easy street parking. Don't miss this opportunity to make this apartment your very own and discover all Eastchester has to offer.

ⓘ 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) · 75% 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 3 unhealthy d/yr today · 5 by 30 yrs out

Taxation est. · year 1

• Rental income: $32,506
• − Mortgage interest: −$10,077
• − Property taxes: −$2,698
• − Insurance: −$900
• − Repairs & maintenance: −$2,601
• − Management: −$2,601
• − Depreciation: −$5,233
• Taxable income: $8,397
• Est. tax owed @ 24.0%: −$2,015
• After-tax cash flow: $8,746/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 · 6 photos

Fair 45/100 Moderate rehab

This unit requires moderate repairs to the exterior and windows, but has good flooring and interior walls. Painting and landscaping improvements would significantly enhance its curb appeal and rental value.

Repairs flagged

• Major exterior siding — Significant wear and tear
• Major exterior paint — Peeling and chipping
• Moderate window frames — Worn appearance

Value-add opportunities

• Resale Paint exterior — Fresh paint enhances curb appeal
• Rental Trim bushes — Well-maintained landscaping attracts tenants
• Both Replace window frames — Improved aesthetics and energy efficiency

Renovation cost estimate screening

Repair item	Severity	Est. cost
exterior siding · Significant wear and tear	Major	$15,000–50,000
exterior paint · Peeling and chipping	Major	$15,000–50,000
window frames · Worn appearance	Moderate	$3,000–15,000
Total estimated repair cost · 3 items		$33,000–115,000

Value-add ROI direction

• Resale Paint exterior — Fresh paint enhances curb appeal ↑
• Rental Trim bushes — Well-maintained landscaping attracts tenants ↑
• Both Replace window frames — Improved aesthetics and 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)

• District: Eastchester Union Free School District
• NCES district ID: 3610080
• Math proficiency: 79% ▲ 1.00%
• Reading proficiency: 80% ▲ 9.00%
• Median HH income: $96,944
• Composite: 71.74/100
• National rank: #216
• State rank: #42 of 590 in NY

Livability — Tuckahoe

• Score: 79/100
• State rank: #125
• US rank: #2013

Category grades

Amenities C- Commute A+ Cost of living F Crime A+ Employment A+ Housing B- Health & safety B- User ratings A+

Schools grade is shown separately in the Schools card above.

Census & demographics

• Census place: Tuckahoe, NY
• County: Westchester County · 709,332 people
• City population: 9,688
• Metro: New York-Newark-Jersey City, NY-NJ-PA
• Population (ZIP): 9,688
• Household income: $130,957
• Rent vs Own: 44.3% rent · 55.7% own
• Severe rent burden: 363.0

Population outlook (Westchester County) Hauer SSP2

• Today (2025): 1,028,035 people
• By 2030: 1,051,636 · +2.3%
• By 2040: 1,098,520 · +6.9%
• By 2050: 1,136,044 · +10.5%
• By 2075: 1,196,925 · +16.4%
• By 2100: 1,175,147 · +14.3%

Race, ethnicity, and origin ACS 2023

• Neighborhood character: Majority White (64%)
• Race & ethnicity: White 64% Hispanic / Latino 17% Asian 12% Two or more races 7% Black 4%
• Hispanic origin (detail): Mexican 7% Puerto Rican 4% Dominican 1%
• Common ancestry: Romanian 4% Scotch-Irish 3%
• Foreign-born: 21% · Canada, South Korea
• Languages at home: 69% English-only · Spanish 13% Korean 5% Other Indo-European 5%

Political lean MEDSL · Westchester

• 2024 margin: Strong D (+26.3) · D 63.1% · R 36.9%
• 2008→2024 swing: -1.3pp toward R · 2008: 27.6pp · 2024: 26.3pp
• All cycles: 2024: D+26.3 2020: D+36.3 2016: D+32.8 2012: D+22.2 2008: D+27.6

Not yet ingested

• Civics: —

Market trends

• HPI YoY: ▼ -479.55%
• Current HPI: 261.5898
• 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

-5.2% since first listed

3 events — show timeline

• 2026-03-25 Price Changed $199,000 OneKey® MLS as Distributed by MLS Grid
• 2025-12-02 Relisted — OneKey® MLS as Distributed by MLS Grid
• 2025-06-20 Listed $210,000 OneKey® MLS as Distributed by MLS Grid