3015 Riverdale Ave Unit 4B · New York, NY 10463

$250,000

1 bd · 1.0 ba · 733 sqft · Condo · 36 Days on market

Built 1941

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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 +19.8/30.0
• ARV discount +7.5/15.0
• DSCR +6.3/10.0
• 1% rule +5.3/10.0
• Rent growth +5.0/5.0
• Schools +5.0/10.0
• Livability +3.8/5.0
• Condition / age +2.5/5.0
• Appreciation +0.0/10.0

Listing remarks MLS

This is a prewar Mid-rise elevator building built in 1914. Unit 4B has been freshly painted and completely renovated, with a Windowed Eat-in-Kitchen, wood cabinets, Stainless Steel appliances, and Granite Countertops. windowed Bathroom, Large Living Room, Entry Foyer, and a nice-sized bedroom. The Laminate floor is new throughout the unit and has plenty of closet space. There is a Live-in super, a Laundry Facility and a Storage Room. Located next door to Ewen Park, the building has a beautiful courtyard and garden at the entrance. Close to transportation, express buses into Manhattan, the number 1 train on West 231st, and Local Buses #7, #10, #1 and #2. The Major Deegan Expressway on West 230th and the Henry Hudson Parkway. Conveniently located near shopping, The Broadway Plaza, gyms, and Bronx Yoga Lab, "Hot and Heated Yoga". Move in Ready, don't mess out on this deal.

Key facts

• Entry foyer
• Large living room
• Windowed bathroom

Tags

• WINDOWED EAT-IN-KITCHEN
• STAINLESS STEEL APPLIANCES
• GRANITE COUNTERTOPS
• WINDOWED BATHROOM
• LARGE LIVING ROOM
• ENTRY FOYER

Property features AI

Finance

• Other: Living area reported as 733 (source: Other)
• HOA & community: Building amenities include elevator(s) and a park; Association fee includes heat, hot water, sewer and water; Additional monthly reserve replenishment fee

Exterior

• Parking: On-street parking; No carport
• Utilities: Public sewer; Trash collection (public)
• Home design: Stock cooperative
• Construction: Brick construction; Estimated condition
• Exterior features: Brick exterior; Near public transit; Near schools; Near shops; Not waterfront

Interior

• Kitchen: Dishwasher; Microwave; Refrigerator
• Bedrooms: Entry level: 4
• Flooring: Hardwood
• Bathrooms: 1 full bathroom
• Heating & cooling: Hot water heating; Wall/window air conditioning unit(s)
• Interior features: Eat-in kitchen; Elevator access; Entrance foyer; Basement with common area and walk-out access; Pets allowed
• Laundry & utility: Tankless water heater

What this means for you Summary

Snapshot

• This is a 1-bed/1.0-bath condo listed at $250k.

Deal economics

• At list price, monthly cash flow is $233 ($3k/yr) — positive.
• The deal already cash-flows at list — no discount required.
• Meets the 1% rule at list price ($3k rent vs $250k).
• Recommended offer: $242k (3.0% below list) — sets the bar for market timing.
• Cap rate 7.7% 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 (+11.6%/yr); 342 active listings in the ZIP; 1 comparable units currently listed for rent nearby; 6,929 units permitted in Bronx County in 2024 (6,829 in 5+ unit buildings).
• This rent runs 41% of the median local income ($75k/yr) — at the standard rent-burdened threshold; future hikes will face affordability resistance.

Forward outlook

• Local home prices are declining (-3.0%/yr); year-one equity from $2k of loan paydown is wiped out by about $8k of value loss. Plan a longer hold.
• Bronx County population projected at +21% by 2050 — long-run rental-demand tailwind backs the buy-and-hold thesis.
• At projected returns (-3.0% appreciation + 8.0% rent growth), your $70k cash investment doubles in ~10 years — after that, you're playing with house money.

Negotiation context

• It's been on market 36 days — a 3% lower offer ($242k) is reasonable based on typical stale-listing flexibility.
• 10 sale attempts since 11y 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 $172k; 45% above their basis — modest negotiation headroom, anchor on the comps not their cost.

Risks & watch-outs

• Watch-outs: flood insurance adds $66/mo; built in 1941 — expect roof / HVAC / electrical / plumbing capex.
• Climate carrying-cost: severe 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 $242,500 (3.0% below list)

Questions for the listing agent

1. It's been on market 36 days. Have you received any prior offers? Is the seller open to a 3% concession, seller financing, or rate buy-down credit?
2. Built in 1941 — when were the roof, HVAC, electrical panel, plumbing, and water heater last replaced?
3. What's the actual annual flood-insurance premium (NFIP or private), and is the property in a SFHA with mandatory coverage?
4. 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?
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: 1.03% ✓
• Cap rate: 7.73%
• Cash-on-cash: 5.13%
• DSCR: 1.23
• GRM: 8.1

CMA / ARV

No comps found within radius.

Projected returns pro-forma

-3.0% appreciation · 8.0% rent growth · sell at horizon

5-year hold

• IRR: -4.4%
• Equity multiple: 0.83×
• Total profit: $-12,047
• Equity at exit: $37,276

10-year hold

• IRR: 10.5%
• Equity multiple: 2.01×
• Total profit: $70,636
• Equity at exit: $21,615

Cash invested: $70,000 (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 10463

• Rents YoY: 11.6%
• Active inventory: 342
• Price-to-rent: 8.1×

Monthly cashflow live

• Estimated rent: $2,566 medium
• Mortgage (P&I): −$1,311
• Tax est. 1.5%: −$312 /mo · $3,750/yr
• Insurance: −$104
• Flood insurance flood zone: −$66 /mo · $798/yr
• HOA: −$0
• Vacancy / Maint / Mgmt: −$539
• Net cashflow: $233

Break-even live

Break-even rent $2,271

Max offer price $250,000

Occupancy floor 86%

Sensitivity live

Price	-10% $406	-5% $319	+0% $233	+5% $146	+10% $60
Rent	-10% $30	-5% $131	+0% $233	+5% $334	+10% $435
Rate	-1.0pp $359	-0.5pp $296	base $233	+0.5pp $168	+1.0pp $102

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: $62,500
• Closing costs: $7,500
• Reserves months: —
• Total cash needed: —

Rent comps 1 comps

Address	Beds	Baths	Sqft	Rent	$/sqft	DOM	Units	Dist
2600 Netherland Ave Bronx, NY	1.0–3.0	1.0–2.5	1132	$2,775	$2.45	22d	3	0.26mi

HOA detail condo

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

Listing history 35 events

1. 2026-06-18
   days on market $250,000 Active 36 DOM
2. 2026-06-17
   days on market $250,000 Active 35 DOM
3. 2026-06-16
   days on market $250,000 Active 34 DOM
4. 2026-06-15
   days on market $250,000 Active 33 DOM
5. 2026-06-13
   days on market $250,000 Active 31 DOM
6. 2026-06-10
   days on market $250,000 Active 27 DOM
7. 2026-06-08
   days on market $250,000 Active 26 DOM
8. 2026-06-08
   days on market $250,000 Active 25 DOM
9. 2026-06-04
   days on market $250,000 Active 22 DOM
10. 2026-06-03
    days on market $250,000 Active 21 DOM
11. 2026-06-02
    days on market $250,000 Active 20 DOM
12. 2026-06-01
    days on market $250,000 Active 19 DOM
13. 2026-05-31
    days on market $250,000 Active 18 DOM
14. 2026-05-13
    listed $250,000 Active

    Show marketing remark (892 chars)

    This is a prewar Mid-rise elevator building built in 1914. Unit 4B has been freshly painted and completely renovated, with a Windowed Eat-in-Kitchen, wood cabinets, Stainless Steel appliances, and Granite Countertops. windowed Bathroom, Large Living Room, Entry Foyer, and a nice-sized bedroom. The Laminate floor is new throughout the unit and has plenty of closet space. There is a Live-in super, a Laundry Facility and a Storage Room. Located next door to Ewen Park, the building has a beautiful courtyard and garden at the entrance. Close to transportation, express buses into Manhattan, the number 1 train on West 231st, and Local Buses #7, #10, #1 and #2. The Major Deegan Expressway on West 230th and the Henry Hudson Parkway. Conveniently located near shopping, The Broadway Plaza, gyms, and Bronx Yoga Lab, "Hot and Heated Yoga". Move in Ready, don't mess out on this deal.

15. 2026-05-13
    listed $250,000 Active 892-char remark

    Show marketing remark (892 chars)

    This is a prewar Mid-rise elevator building built in 1914. Unit 4B has been freshly painted and completely renovated, with a Windowed Eat-in-Kitchen, wood cabinets, Stainless Steel appliances, and Granite Countertops. windowed Bathroom, Large Living Room, Entry Foyer, and a nice-sized bedroom. The Laminate floor is new throughout the unit and has plenty of closet space. There is a Live-in super, a Laundry Facility and a Storage Room. Located next door to Ewen Park, the building has a beautiful courtyard and garden at the entrance. Close to transportation, express buses into Manhattan, the number 1 train on West 231st, and Local Buses #7, #10, #1 and #2. The Major Deegan Expressway on West 230th and the Henry Hudson Parkway. Conveniently located near shopping, The Broadway Plaza, gyms, and Bronx Yoga Lab, "Hot and Heated Yoga". Move in Ready, don't mess out on this deal.

16. 2026-04-25
    historical
17. 2026-02-10
    price $270,000
18. 2025-11-10
    price $285,000
19. 2025-10-24
    listed $310,000 Active
20. 2025-03-24
    price $210,000
21. 2025-02-17
    listed $220,000 Active
22. 2016-01-20
    soldstatus $172,500 Sold
23. 2016-01-20
    soldstatus $172,500
24. 2016-01-20
    soldstatus $172,500
25. 2016-01-20
    soldstatus
26. 2015-11-18
    historical Pending
27. 2015-10-14
    price $172,500
28. 2015-08-22
    status Active
29. 2015-08-22
    price $175,000
30. 2015-07-08
    historical Pending
31. 2015-05-29
    listed $165,000 Active
32. 2015-05-29
    listed $172,500
33. 2015-05-28
    listed $172,500
34. 2015-05-28
    listed $172,500
35. 2015-05-28
    listed $172,500

ⓘ 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 8/10 Severe FEMA zone X (unshaded) · 78% chance over 30 yrs
• 🔥 Wildfire 1/10 Low
• 🌡 Heat 7/10 Severe 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: $30,789
• − Mortgage interest: −$14,004
• − Property taxes: −$3,750
• − Insurance: −$2,048
• − Repairs & maintenance: −$2,463
• − Management: −$2,463
• − Depreciation: −$7,273
• Taxable loss: −$1,212
• Est. tax savings @ 24.0%: +$291
• After-tax cash flow: $3,084/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
• County: Bronx County · 1,197,324 people
• City population: 7,731,280
• Metro: New York-Newark-Jersey City, NY-NJ-PA
• Population (ZIP): 69,470
• Household income: $74,974
• Rent vs Own: 64.6% rent · 35.4% own
• Severe rent burden: 5586.0

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: Diverse neighborhood (Simpson 0.65)
• Race & ethnicity: Hispanic / Latino 50% White 30% Two or more races 17% Black 12% Asian 4% Native American 2%
• Hispanic origin (detail): Mexican 3% Puerto Rican 12% Cuban 1% Dominican 25%
• Common ancestry: Scotch-Irish 3% Romanian 2% Lithuanian 1%
• Foreign-born: 30% · Canada, Jamaica, China
• Languages at home: 50% English-only · Spanish 40% Other Indo-European 3% Russian/Polish/Slavic 2%

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: ▼ -294.75%
• Current HPI: 168.0211
• Rent YoY: ▲ 11.60%
• 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

+44.9% since first listed

22 events — show timeline

• 2026-05-13 Listed $250,000 OneKey® MLS as Distributed by MLS Grid
• 2026-05-13 Listed $250,000 RLS at REBNY
• 2026-04-25 Listing Removed — OneKey® MLS as Distributed by MLS Grid
• 2026-02-10 Price Changed $270,000 OneKey® MLS as Distributed by MLS Grid
• 2025-11-10 Price Changed $285,000 OneKey® MLS as Distributed by MLS Grid
• 2025-10-24 Listed $310,000 OneKey® MLS as Distributed by MLS Grid
• 2025-03-24 Price Changed $210,000 OneKey® MLS as Distributed by MLS Grid
• 2025-02-17 Listed $220,000 OneKey® MLS as Distributed by MLS Grid
• 2016-01-20 Sold (MLS) $172,500 HGMLS
• 2016-01-20 Sold (MLS) — RLS at REBNY
• 2016-01-20 Sold (MLS) $172,500 OneKey® MLS as Distributed by MLS Grid
• 2016-01-20 Sold (MLS) $172,500 RLS at REBNY
• 2015-11-18 Contingent — HGMLS
• 2015-10-14 Price Changed $172,500 HGMLS
• 2015-08-22 Relisted — HGMLS
• 2015-08-22 Price Changed $175,000 HGMLS
• 2015-07-08 Contingent — HGMLS
• 2015-05-29 Listed $165,000 HGMLS
• 2015-05-29 Listed $172,500 OneKey® MLS as Distributed by MLS Grid
• 2015-05-28 Listed $172,500 RLS at REBNY
• 2015-05-28 Listed $172,500 RLS at REBNY
• 2015-05-28 Listed $172,500 RLS at REBNY