35-21 205th St #313 · New York, NY 11361

$239,000

1 bd · 1.0 ba · 600 sqft · Condo · 22 Days on market

Built 1950 Good condition

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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 +20.0/30.0
• ARV discount +7.5/15.0
• DSCR +6.3/10.0
• 1% rule +5.3/10.0
• Schools +5.0/10.0
• Rent growth +3.9/5.0
• Livability +3.8/5.0
• Condition / age +3.8/5.0
• Appreciation +0.0/10.0

Listing remarks MLS

Located on the 2nd floor of the Baydale Garden apartments, this 750 sq ft. charmingly renovated 1 bedroom co op in Bayside features a spacious living room, a generously sized bedroom with 3 closets, a dining area, a cozy kitchen and an elegantly tiled bathroom. The kitchen features new cabinets, granite counter tops, tiled backsplash, and ceramic tiled flooring. Wooden floors throughout the unit. Enjoy its prime location near shopping, dining, and public transportation, with the added bonus of allowing small dogs and offering plenty of street parking. No flip tax. Subletting is allowed after the owner resides in the unit for 5 years. Additional information: Appearance:Great,Interior Features:Efficiency Kitchen

Key facts

• Stylish backsplash
• Dishwasher
• Eat-in kitchen

Tags

• EAT-IN KITCHEN
• LARGE EAST FACING WINDOW
• UPDATED COUNTERTOPS
• STYLISH BACKSPLASH
• BUILT-IN MICROWAVE
• DISHWASHER

Property features AI

Finance

• HOA & community: Association: Baydale Tenants Corp.; Additional monthly fee: $108.45 (MCI assessment)

Exterior

• Parking: On-street parking; Parking lot; Waitlist for parking; Monthly parking fee ($150)
• Utilities: Public sewer; Electricity available
• Home design: Stock cooperative; Two-story building; Entry on level 2
• Construction: Brick construction
• Exterior features: Brick exterior; Not waterfront

Interior

• Kitchen: Dishwasher; Oven; Refrigerator
• Bedrooms: 3 rooms total
• Flooring: Hardwood floors
• Bathrooms: 1 full bathroom
• Heating & cooling: Hot water heating; Wall/window air conditioning units
• Interior features: Eat-in kitchen; Formal dining
• Laundry & utility: Common area laundry

What this means for you Summary

Snapshot

• This is a 1-bed/1.0-bath condo listed at $239k. Condition is rated good.

Deal economics

• At list price, monthly cash flow is $292 ($3k/yr) — positive.
• The deal already cash-flows at list — no discount required.
• Meets the 1% rule at list price ($2k rent vs $239k).
• Recommended offer: $235k (1.5% below list) — sets the bar for market timing.
• Cap rate 7.8% 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 (+5.4%/yr); 166 active listings in the ZIP; 10 comparable units currently listed for rent nearby; rentals at typical pace (median 19d on market — plan ~3-4 weeks tenant-placement turnaround); solid renter incomes; 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 $2k of loan paydown is wiped out by about $7k 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 22 days — a 2% lower offer ($235k) is reasonable based on typical stale-listing flexibility.
• 5 sale attempts since 4y 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, 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 $235,415 (1.5% below list)

Questions for the listing agent

1. Built in 1950 — when were the roof, HVAC, electrical panel, plumbing, and water heater last replaced?
2. 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?
3. Is there a deadline driving the sale (1031 exchange, divorce, estate, relocation)? That informs how much negotiation room exists.
4. 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?
5. 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?
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: 1.03% ✓
• Cap rate: 7.76%
• Cash-on-cash: 5.23%
• DSCR: 1.23
• GRM: 8.1

CMA / ARV

No comps found within radius.

Projected returns pro-forma

-3.0% appreciation · 5.41% rent growth · sell at horizon

5-year hold

• IRR: -5.5%
• Equity multiple: 0.79×
• Total profit: $-14,013
• Equity at exit: $35,636

10-year hold

• IRR: 6.9%
• Equity multiple: 1.57×
• Total profit: $38,195
• Equity at exit: $20,664

Cash invested: $66,920 (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 11361

• Rents YoY: 5.4%
• Active inventory: 166
• Price-to-rent: 8.1×

Monthly cashflow live

• Estimated rent: $2,460 high
• Mortgage (P&I): −$1,253
• Tax est. 1.5%: −$299 /mo · $3,585/yr
• Insurance: −$100
• HOA: −$0
• Vacancy / Maint / Mgmt: −$517
• Net cashflow: $292

Break-even live

Break-even rent $2,091

Max offer price $239,000

Occupancy floor 83%

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: $59,750
• Closing costs: $7,170
• Reserves months: —
• Total cash needed: —

Rent comps 10 comps

Address	Beds	Baths	Sqft	Rent	$/sqft	DOM	Units	Dist
29-04 204th St Unit 1Floor Flushing, NY	1.0	1.0	700	$2,600	$3.71	19d	1	0.47mi
196-42 44th Ave #2 Flushing, NY	1.0	1.0	600	$2,200	$3.67	5d	1	0.64mi
40-11 214th Pl Unit 2R Bayside, NY	1.0	1.0	650	$2,800	$4.31	5d	1	0.68mi
168-10 Crocheron Ave Unit 1A Flushing, NY	1.0	1.0	750	$2,250	$3.00	19d	1	0.85mi
3620 168th St Flushing, NY	1.0	1.0	700	$2,350	$3.36	7d	2	0.87mi
16-66 Bell Blvd Unit 736 Bayside, NY	—	1.0	600	$2,350	$3.92	24d	1	1.24mi
1670 Bell Blvd Bayside, NY	2.0	1.0–1.5	600	$2,600	$4.33	2d	4	1.27mi
4531 163rd St Unit 1 Flushing, NY	1.0	1.0	600	$2,250	$3.75	7d	1	1.34mi
16-05 Bell Blvd Unit 1st Floor Flushing, NY	1.0	1.0	700	$2,400	$3.43	24d	1	1.35mi
1785 215th St Unit 15J Bayside, NY	1.0	1.0	620	$3,500	$5.65	24d	1	1.37mi

HOA detail condo

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

Listing history 14 events

1. 2026-05-21
   status Pending
2. 2026-04-29
   listed $239,000 Active
3. 2025-06-30
   soldstatus $240,000 Closed 725-char remark

   Show marketing remark (725 chars)

   Located on the 2nd floor of the Baydale Garden apartments, this 750 sq ft. charmingly renovated 1 bedroom co op in Bayside features a spacious living room, a generously sized bedroom with 3 closets, a dining area, a cozy kitchen and an elegantly tiled bathroom. The kitchen features new cabinets, granite counter tops, tiled backsplash, and ceramic tiled flooring. Wooden floors throughout the unit. Enjoy its prime location near shopping, dining, and public transportation, with the added bonus of allowing small dogs and offering plenty of street parking. No flip tax. Subletting is allowed after the owner resides in the unit for 5 years. Additional information: Appearance:Great,Interior Features:Efficiency Kitchen

4. 2025-02-07
   status Pending 725-char remark

   Show marketing remark (725 chars)

   Located on the 2nd floor of the Baydale Garden apartments, this 750 sq ft. charmingly renovated 1 bedroom co op in Bayside features a spacious living room, a generously sized bedroom with 3 closets, a dining area, a cozy kitchen and an elegantly tiled bathroom. The kitchen features new cabinets, granite counter tops, tiled backsplash, and ceramic tiled flooring. Wooden floors throughout the unit. Enjoy its prime location near shopping, dining, and public transportation, with the added bonus of allowing small dogs and offering plenty of street parking. No flip tax. Subletting is allowed after the owner resides in the unit for 5 years. Additional information: Appearance:Great,Interior Features:Efficiency Kitchen

5. 2025-01-02
   status Active 725-char remark

   Show marketing remark (725 chars)

   Located on the 2nd floor of the Baydale Garden apartments, this 750 sq ft. charmingly renovated 1 bedroom co op in Bayside features a spacious living room, a generously sized bedroom with 3 closets, a dining area, a cozy kitchen and an elegantly tiled bathroom. The kitchen features new cabinets, granite counter tops, tiled backsplash, and ceramic tiled flooring. Wooden floors throughout the unit. Enjoy its prime location near shopping, dining, and public transportation, with the added bonus of allowing small dogs and offering plenty of street parking. No flip tax. Subletting is allowed after the owner resides in the unit for 5 years. Additional information: Appearance:Great,Interior Features:Efficiency Kitchen

6. 2024-11-11
   status Pending 725-char remark

   Show marketing remark (725 chars)

   Located on the 2nd floor of the Baydale Garden apartments, this 750 sq ft. charmingly renovated 1 bedroom co op in Bayside features a spacious living room, a generously sized bedroom with 3 closets, a dining area, a cozy kitchen and an elegantly tiled bathroom. The kitchen features new cabinets, granite counter tops, tiled backsplash, and ceramic tiled flooring. Wooden floors throughout the unit. Enjoy its prime location near shopping, dining, and public transportation, with the added bonus of allowing small dogs and offering plenty of street parking. No flip tax. Subletting is allowed after the owner resides in the unit for 5 years. Additional information: Appearance:Great,Interior Features:Efficiency Kitchen

7. 2024-10-16
   price $255,000 725-char remark

   Show marketing remark (725 chars)

   Located on the 2nd floor of the Baydale Garden apartments, this 750 sq ft. charmingly renovated 1 bedroom co op in Bayside features a spacious living room, a generously sized bedroom with 3 closets, a dining area, a cozy kitchen and an elegantly tiled bathroom. The kitchen features new cabinets, granite counter tops, tiled backsplash, and ceramic tiled flooring. Wooden floors throughout the unit. Enjoy its prime location near shopping, dining, and public transportation, with the added bonus of allowing small dogs and offering plenty of street parking. No flip tax. Subletting is allowed after the owner resides in the unit for 5 years. Additional information: Appearance:Great,Interior Features:Efficiency Kitchen

8. 2024-10-15
   status Active 725-char remark

   Show marketing remark (725 chars)

   Located on the 2nd floor of the Baydale Garden apartments, this 750 sq ft. charmingly renovated 1 bedroom co op in Bayside features a spacious living room, a generously sized bedroom with 3 closets, a dining area, a cozy kitchen and an elegantly tiled bathroom. The kitchen features new cabinets, granite counter tops, tiled backsplash, and ceramic tiled flooring. Wooden floors throughout the unit. Enjoy its prime location near shopping, dining, and public transportation, with the added bonus of allowing small dogs and offering plenty of street parking. No flip tax. Subletting is allowed after the owner resides in the unit for 5 years. Additional information: Appearance:Great,Interior Features:Efficiency Kitchen

9. 2024-09-05
   status Pending 725-char remark

   Show marketing remark (725 chars)

   Located on the 2nd floor of the Baydale Garden apartments, this 750 sq ft. charmingly renovated 1 bedroom co op in Bayside features a spacious living room, a generously sized bedroom with 3 closets, a dining area, a cozy kitchen and an elegantly tiled bathroom. The kitchen features new cabinets, granite counter tops, tiled backsplash, and ceramic tiled flooring. Wooden floors throughout the unit. Enjoy its prime location near shopping, dining, and public transportation, with the added bonus of allowing small dogs and offering plenty of street parking. No flip tax. Subletting is allowed after the owner resides in the unit for 5 years. Additional information: Appearance:Great,Interior Features:Efficiency Kitchen

10. 2024-06-13
    listed $259,999 Active 725-char remark

    Show marketing remark (725 chars)

    Located on the 2nd floor of the Baydale Garden apartments, this 750 sq ft. charmingly renovated 1 bedroom co op in Bayside features a spacious living room, a generously sized bedroom with 3 closets, a dining area, a cozy kitchen and an elegantly tiled bathroom. The kitchen features new cabinets, granite counter tops, tiled backsplash, and ceramic tiled flooring. Wooden floors throughout the unit. Enjoy its prime location near shopping, dining, and public transportation, with the added bonus of allowing small dogs and offering plenty of street parking. No flip tax. Subletting is allowed after the owner resides in the unit for 5 years. Additional information: Appearance:Great,Interior Features:Efficiency Kitchen

11. 2024-06-12
    historical $259,999 725-char remark

    Show marketing remark (725 chars)

    Located on the 2nd floor of the Baydale Garden apartments, this 750 sq ft. charmingly renovated 1 bedroom co op in Bayside features a spacious living room, a generously sized bedroom with 3 closets, a dining area, a cozy kitchen and an elegantly tiled bathroom. The kitchen features new cabinets, granite counter tops, tiled backsplash, and ceramic tiled flooring. Wooden floors throughout the unit. Enjoy its prime location near shopping, dining, and public transportation, with the added bonus of allowing small dogs and offering plenty of street parking. No flip tax. Subletting is allowed after the owner resides in the unit for 5 years. Additional information: Appearance:Great,Interior Features:Efficiency Kitchen

12. 2022-06-21
    soldstatus $237,000 Closed 38-char remark

    Show marketing remark (38 chars)

    CO-OP! 1-Bedroom and 1 bathroom Co-op!

13. 2022-03-24
    status Pending 38-char remark

    Show marketing remark (38 chars)

    CO-OP! 1-Bedroom and 1 bathroom Co-op!

14. 2022-03-05
    listed $239,000 Active 38-char remark

    Show marketing remark (38 chars)

    CO-OP! 1-Bedroom and 1 bathroom Co-op!

ⓘ 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 4/10 Moderate FEMA zone X (unshaded) · 21% 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 6 unhealthy d/yr today · 6 by 30 yrs out

Taxation est. · year 1

• Rental income: $29,518
• − Mortgage interest: −$13,388
• − Property taxes: −$3,585
• − Insurance: −$1,195
• − Repairs & maintenance: −$2,361
• − Management: −$2,361
• − Depreciation: −$6,953
• Taxable loss: −$326
• Est. tax savings @ 24.0%: +$78
• After-tax cash flow: $3,577/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 1-bedroom condo is in good condition with recent updates, making it a good investment opportunity. It has a bright and airy living space with a well-maintained exterior and landscaping.

Value-add opportunities

• Resale Painting the exterior and interior walls — Fresh paint can enhance the home's curb appeal and make it more attractive to potential buyers.
• Resale Updating the kitchen backsplash — A fresh backsplash can add a modern touch and make the kitchen more appealing to potential buyers.
• Both Upgrading the flooring — New flooring can improve the home's appearance and increase its value for both resale and rental.

Renovation cost estimate screening

Value-add ROI direction

• Resale Painting the exterior and interior walls — Fresh paint can enhance the home's curb appeal and make it more attractive to potential buyers. ↑
• Resale Updating the kitchen backsplash — A fresh backsplash can add a modern touch and make the kitchen more appealing to potential buyers. ↑
• Both Upgrading the flooring — New flooring can improve the home's appearance and increase its value for both resale and rental. ↑

ⓘ 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: Queens County · 1,914,869 people
• City population: 7,731,280
• Metro: New York-Newark-Jersey City, NY-NJ-PA
• Population (ZIP): 30,127
• Household income: $105,932
• Rent vs Own: 41.1% rent · 58.9% own
• Severe rent burden: 1087.0

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: Diverse neighborhood (Simpson 0.67)
• Race & ethnicity: Asian 42% White 37% Hispanic / Latino 15% Two or more races 7% Black 4%
• Hispanic origin (detail): Puerto Rican 3% Dominican 2%
• Common ancestry: Romanian 2% Scotch-Irish 1% Lithuanian 1%
• Foreign-born: 40% · China, South Korea, Canada
• Languages at home: 47% English-only · Chinese 22% Korean 11% Spanish 9%

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: ▼ -190.52%
• Current HPI: 317.8526
• Rent YoY: ▲ 5.41%
• 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

+0.0% since first listed

14 events — show timeline

• 2026-05-21 Pending — OneKey® MLS as Distributed by MLS Grid
• 2026-04-29 Listed $239,000 OneKey® MLS as Distributed by MLS Grid
• 2025-06-30 Sold (MLS) $240,000 OneKey® MLS as Distributed by MLS Grid
• 2025-02-07 Pending — OneKey® MLS as Distributed by MLS Grid
• 2025-01-02 Relisted — OneKey® MLS as Distributed by MLS Grid
• 2024-11-11 Pending — OneKey® MLS as Distributed by MLS Grid
• 2024-10-16 Price Changed $255,000 OneKey® MLS as Distributed by MLS Grid
• 2024-10-15 Relisted — OneKey® MLS as Distributed by MLS Grid
• 2024-09-05 Pending — OneKey® MLS as Distributed by MLS Grid
• 2024-06-13 Listed $259,999 OneKey® MLS as Distributed by MLS Grid
• 2024-06-12 Coming Soon $259,999 OneKey® MLS as Distributed by MLS Grid
• 2022-06-21 Sold (MLS) $237,000 OneKey® MLS as Distributed by MLS Grid
• 2022-03-24 Pending — OneKey® MLS as Distributed by MLS Grid
• 2022-03-05 Listed $239,000 OneKey® MLS as Distributed by MLS Grid