3 Remsen Rd Unit 2L · Yonkers, NY 10710

$235,000

1 bd · 1.0 ba · 800 sqft · Condo · 91 Days on market

Built 1959 $294/sqft · 6% above area Est $222k · 6% over

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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 +24.8/30.0
• DSCR +8.1/10.0
• 1% rule +6.4/10.0
• ARV discount +4.8/15.0
• Schools +4.1/10.0
• Livability +3.4/5.0
• Rent growth +2.5/5.0
• Condition / age +2.5/5.0
• Appreciation +0.0/10.0

Listing remarks MLS

1-bedroom, 1-bath co-op in the Hearthstone area of Yonkers with a large living/dining layout, foyer entry, and two walk-in closets. Galley kitchen with shaker-style cabinetry, stone/tile backsplash, stainless steel appliances, gas range, dishwasher, and tile flooring. Bedroom and living areas feature hardwood floors, and the bath includes a tub/shower combination. Building amenities include elevator access, controlled entry with intercom, common laundry, and assigned parking available for $75/month per spot. Maintenance is $770.77/month plus a $125/month assessment scheduled to end 4/30/2027. Heat, water, and sewer are included in the monthly charges. Storage is available through a third party for an additional fee. No dogs allowed in the building. Near Central Park Avenue shopping and dining, about 1 mile to shopping and about 1.5 miles to Scarsdale train access.

Key facts

• Galley kitchen
• Foyer entry
• Two walk in closets

Tags

• LARGE LIVING DINING LAYOUT
• FOYER ENTRY
• TWO WALK IN CLOSETS
• GALLEY KITCHEN
• SHAKER STYLE CABINETRY
• STONE TILE BACKSPLASH

What this means for you Summary

Snapshot

• This is a 1-bed/1.0-bath condo listed at $235k.

Deal economics

• At list price, monthly cash flow is $501 ($6k/yr) — positive.
• The deal already cash-flows at list — no discount required.
• Meets the 1% rule at list price ($3k rent vs $235k).
• Recommended offer: $214k (9.0% below list) — sets the bar for market timing.
• Cap rate 8.8% vs local median 5.3% in Yonkers — 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 68/100 on livability (#528 in NY) — a middle-class / working-renter tenant base. Strengths: employment A, commute B; Watch: amenities F, cost of living F.
• Yonkers City School District (suburban): math 41% / reading 54% proficiency, ranked #413 of 590 in NY (top 70%) — families likely to look elsewhere, expect single-tenant / working-renter base with shorter leases; 64% free/reduced lunch — lower-income household profile, screen leases tightly.
• Market conditions: 163 active listings in the ZIP; 14 comparable units currently listed for rent nearby; rentals at typical pace (median 17d on market — plan ~3-4 weeks tenant-placement turnaround); solid renter incomes; 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 $2k of loan paydown is wiped out by about $7k 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.

Negotiation context

• It's been on market 91 days — a 9% lower offer ($214k) is reasonable based on typical stale-listing flexibility.
• 6 sale attempts since 25y 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 $175k; 34% above their basis — modest negotiation headroom, anchor on the comps not their cost.

Risks & watch-outs

• Watch-outs: built in 1959 — 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 $213,850 (9.0% below list)

Questions for the listing agent

1. It's been on market 91 days. Have you received any prior offers? Is the seller open to a 9% concession, seller financing, or rate buy-down credit?
2. Built in 1959 — 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. 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: 1.14% ✓
• Cap rate: 8.85%
• Cash-on-cash: 9.13%
• DSCR: 1.41
• GRM: 7.3

CMA / ARV

• ARV (median comp): $221,725
• List price: $235,000
• Delta: 5.99%
• Verdict: FAIR
• Comps: 20 within 1.0 mi

Projected returns pro-forma

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

5-year hold

• IRR: -2.5%
• Equity multiple: 0.91×
• Total profit: $-6,148
• Equity at exit: $35,039

10-year hold

• IRR: 7.2%
• Equity multiple: 1.55×
• Total profit: $35,876
• Equity at exit: $20,319

Cash invested: $65,800 (down + closing). Projections, not guarantees.

Landlord ↔ Tenant lean methodology

• Overall (CITY): 5 Strongly Tenant-Friendly
• State New York: 15 Strongly Tenant-Friendly · D+10
• County: — inherits STATE
• City Yonkers: 5 Strongly Tenant-Friendly · D+20

Westchester rent guidelines board.

Methodology + full state rankings →

ZIP-level market 10710

• Active inventory: 163
• Price-to-rent: 7.3×

Monthly cashflow live

• Estimated rent: $2,690 high
• Mortgage (P&I): −$1,232
• Tax est. 1.5%: −$294 /mo · $3,525/yr
• Insurance: −$98
• HOA: −$0
• Vacancy / Maint / Mgmt: −$565
• Net cashflow: $501

Break-even live

Break-even rent $2,056

Max offer price $235,000

Occupancy floor 76%

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: $58,750
• Closing costs: $7,050
• Reserves months: —
• Total cash needed: —

Rent comps 14 comps

Address	Beds	Baths	Sqft	Rent	$/sqft	DOM	Units	Dist
70 Roundhill Dr Yonkers, NY	2.0	1.0	775	$3,200	$4.13	43d	1	0.36mi
4 Sadore Ln Unit 2W Yonkers, NY	1.0	1.0	800	$2,000	$2.50	17d	1	1.10mi
300 Columbus Ave Tuckahoe, NY	—	1.0	766	$3,100	$4.05	19d	5	1.26mi
128 Colonial Pkwy Unit 3B Yonkers, NY	1.0	1.0	871	$2,750	$3.16	43d	1	1.26mi
2 Consulate Dr Unit 1J Tuckahoe, NY	1.0	1.0	750	$2,700	$3.60	12d	1	1.28mi
601 Ridge Hill Blvd Yonkers, NY	2.0	1.0–2.0	819	$3,500	$4.27	7d	14	1.31mi
717 Tuckahoe Rd Unit 16A Yonkers, NY	1.0	1.0	650	$2,495	$3.84	4d	1	1.39mi
212 Alpine Pl Tuckahoe, NY	1.0	1.0	700	$2,700	$3.86	20d	1	1.41mi
1549 Central Park Ave Yonkers, NY	2.0	1.0	850	$2,400	$2.82	43d	1	1.43mi
21 Scarsdale Rd Yonkers, NY	2.0	1.0	835	$3,795	$4.54	2d	21	1.45mi
12 Wainwright Ave Apt 1B Yonkers, NY	1.0	1.0	700	$1,950	$2.79	43d	1	1.46mi
1 Elm St Unit 3B Tuckahoe, NY	2.0	1.0	1100	$3,200	$2.91	10d	1	1.47mi
1 Elm St Unit 3B Tuckahoe, NY	2.0	1.0	1100	$3,200	$2.91	7d	1	1.47mi
8 Wainwright Ave Unit 2A Yonkers, NY	—	1.0	700	$1,600	$2.29	7d	1	1.49mi

HOA detail condo

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

Listing history 30 events

1. 2026-06-18
   days on market $235,000 Active 91 DOM
2. 2026-06-17
   days on market $235,000 Active 90 DOM
3. 2026-06-16
   days on market $235,000 Active 89 DOM
4. 2026-06-15
   days on market $235,000 Active 88 DOM
5. 2026-06-13
   days on market $235,000 Active 86 DOM
6. 2026-06-09
   days on market $235,000 Active 82 DOM
7. 2026-06-08
   days on market $235,000 Active 81 DOM
8. 2026-06-07
   days on market $235,000 Active 80 DOM
9. 2026-06-04
   days on market $235,000 Active 77 DOM
10. 2026-06-03
    days on market $235,000 Active 76 DOM
11. 2026-06-02
    days on market $235,000 Active 75 DOM
12. 2026-06-01
    days on market $235,000 Active 74 DOM
13. 2026-05-31
    days on market $235,000 Active 73 DOM
14. 2026-03-16
    listed $235,000 Active 876-char remark

    Show marketing remark (876 chars)

    1-bedroom, 1-bath co-op in the Hearthstone area of Yonkers with a large living/dining layout, foyer entry, and two walk-in closets. Galley kitchen with shaker-style cabinetry, stone/tile backsplash, stainless steel appliances, gas range, dishwasher, and tile flooring. Bedroom and living areas feature hardwood floors, and the bath includes a tub/shower combination. Building amenities include elevator access, controlled entry with intercom, common laundry, and assigned parking available for $75/month per spot. Maintenance is $770.77/month plus a $125/month assessment scheduled to end 4/30/2027. Heat, water, and sewer are included in the monthly charges. Storage is available through a third party for an additional fee. No dogs allowed in the building. Near Central Park Avenue shopping and dining, about 1 mile to shopping and about 1.5 miles to Scarsdale train access.

15. 2021-07-30
    soldstatus $175,000 Closed 634-char remark

    Show marketing remark (634 chars)

    Pristine 1 Bedroom Apt in Garden Style REMSEN GARDENS along Central Park Ave corridor. Completely update Custom Apartment~All Hardwood Floors~Great Closet Space~Assigned Parking~Visitor Parking~Tucked in quiet Residential Residence on Dead End Street~Express Bus 3 Blocks away~Common Laundry Room~Immaculate Building and Apartment~~10%down~Board Qualification require 25% to 33% Debt to income Ratio~Credit Score 665 to 701~No Dogs~Buyer to Pay 2 months maintenance to C0-op Reserve Fund~Board Approval~Sufficient Post Closing 6 months to 1 year of liquid funds. Must See Apartment. Please e-mail Covid 19 Disclosure before showing~

16. 2021-04-13
    status Pending 634-char remark

    Show marketing remark (634 chars)

    Pristine 1 Bedroom Apt in Garden Style REMSEN GARDENS along Central Park Ave corridor. Completely update Custom Apartment~All Hardwood Floors~Great Closet Space~Assigned Parking~Visitor Parking~Tucked in quiet Residential Residence on Dead End Street~Express Bus 3 Blocks away~Common Laundry Room~Immaculate Building and Apartment~~10%down~Board Qualification require 25% to 33% Debt to income Ratio~Credit Score 665 to 701~No Dogs~Buyer to Pay 2 months maintenance to C0-op Reserve Fund~Board Approval~Sufficient Post Closing 6 months to 1 year of liquid funds. Must See Apartment. Please e-mail Covid 19 Disclosure before showing~

17. 2021-02-06
    listed $185,000 Active 634-char remark

    Show marketing remark (634 chars)

    Pristine 1 Bedroom Apt in Garden Style REMSEN GARDENS along Central Park Ave corridor. Completely update Custom Apartment~All Hardwood Floors~Great Closet Space~Assigned Parking~Visitor Parking~Tucked in quiet Residential Residence on Dead End Street~Express Bus 3 Blocks away~Common Laundry Room~Immaculate Building and Apartment~~10%down~Board Qualification require 25% to 33% Debt to income Ratio~Credit Score 665 to 701~No Dogs~Buyer to Pay 2 months maintenance to C0-op Reserve Fund~Board Approval~Sufficient Post Closing 6 months to 1 year of liquid funds. Must See Apartment. Please e-mail Covid 19 Disclosure before showing~

18. 2014-03-15
    price $140,000
19. 2007-10-30
    historical
20. 2007-10-30
    soldstatus $140,000
21. 2007-07-19
    price $149,000
22. 2007-06-25
    listed $149,000
23. 2005-02-01
    soldstatus $115,000
24. 2004-12-15
    historical
25. 2004-11-30
    listed $115,000
26. 2004-09-15
    historical
27. 2004-06-30
    listed
28. 2002-02-13
    soldstatus $59,000
29. 2002-01-03
    historical
30. 2001-09-28
    listed $59,000

ⓘ 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 5/10 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: $32,275
• − Mortgage interest: −$13,164
• − Property taxes: −$3,525
• − Insurance: −$1,175
• − Repairs & maintenance: −$2,582
• − Management: −$2,582
• − Depreciation: −$6,836
• Taxable income: $2,411
• Est. tax owed @ 24.0%: −$579
• After-tax cash flow: $5,430/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)

• District: Yonkers City School District
• NCES district ID: 3631920
• Math proficiency: 41% ▼ -1.00%
• Reading proficiency: 54% ▲ 14.00%
• Median HH income: $58,042
• Composite: 41.43/100
• National rank: #3471
• State rank: #413 of 590 in NY

Livability — Yonkers

• Score: 68/100
• State rank: #528
• US rank: #9394

Category grades

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

Schools grade is shown separately in the Schools card above.

Census & demographics

• Census place: Yonkers, NY
• County: Westchester County · 709,332 people
• City population: 212,407
• Metro: New York-Newark-Jersey City, NY-NJ-PA
• Population (ZIP): 25,855
• Household income: $108,845
• Rent vs Own: 29.3% rent · 70.7% own
• Severe rent burden: 920.0

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: Highly diverse neighborhood (Simpson 0.72)
• Race & ethnicity: White 39% Hispanic / Latino 30% Black 14% Two or more races 12% Asian 11% Native American 2%
• Hispanic origin (detail): Mexican 1% Puerto Rican 9% Dominican 9%
• Common ancestry: Romanian 2% Scotch-Irish 1% Hispanic 1%
• Foreign-born: 26% · Canada, Jamaica, China
• Languages at home: 64% English-only · Spanish 18% Other Indo-European 6% Other Asian/Pacific 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: ▼ -622.30%
• Current HPI: 297.1704
• 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

+298.3% since first listed

17 events — show timeline

• 2026-03-16 Listed $235,000 OneKey® MLS as Distributed by MLS Grid
• 2021-07-30 Sold (MLS) $175,000 OneKey® MLS as Distributed by MLS Grid
• 2021-04-13 Pending — OneKey® MLS as Distributed by MLS Grid
• 2021-02-06 Listed $185,000 OneKey® MLS as Distributed by MLS Grid
• 2014-03-15 Price Changed $140,000 HGMLS
• 2007-10-30 Sold (MLS) $140,000 HGMLS
• 2007-10-30 Delisted — HGMLS
• 2007-07-19 Price Changed $149,000 HGMLS
• 2007-06-25 Listed $149,000 HGMLS
• 2005-02-01 Sold (MLS) $115,000 HGMLS
• 2004-12-15 Delisted — HGMLS
• 2004-11-30 Listed $115,000 HGMLS
• 2004-09-15 Delisted — HGMLS
• 2004-06-30 Listed — HGMLS
• 2002-02-13 Sold (MLS) $59,000 HGMLS
• 2002-01-03 Delisted — HGMLS
• 2001-09-28 Listed $59,000 HGMLS