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1331 Broadway Unit P 10/11 🏷️ Likely Rental
A- Composite 83.0
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
  • DSCR +10.0/10.0
  • 1% rule +9.7/10.0
  • Schools +7.6/10.0
  • Livability +4.5/5.0
  • Condition / age +3.8/5.0
  • Rent growth +2.5/5.0
  • Appreciation +0.0/10.0

$278,000

1331 Broadway Unit P 10/11 · Hewlett, NY 11557
2 bd · 2.0 ba · 1,350 sqft · Townhouse · 136 Days on market
Built 1960 Good condition Garage $206/sqft · 41% below area Est $471k · 41% under

🖨 Deal sheet (PDF) 📄 Offer letter ✓ Due diligence

Listing remarks

1331 Broadway unit P 10/11, a sunny and spacious first floor oversized (almost 1350 sq ft) 2-bedroom /2 bath co-op is located in the heart of Hewlett, SD#14. This home features a large entry foyer with closet, skylight and sliding doors to the open terrace. In addition, there is an XL living room/ dining room, a large kitchen, a laundry room with washer/dryer and storage, a huge primary suite with large closet and ensuite bath, and spacious 2nd bedroom and full bath. The taxes, water, large private storage room and 2 dedicated parking spots (one indoor and one outdoor) are included in the monthly maintenance fee of $2482.27 per month. No Flip Tax, No Assessments, No Renting Permitted.

Key facts

  • Large entry foyer
  • Open terrace
  • Huge primary suite

Tags

LARGE ENTRY FOYEROPEN TERRACEXL LIVING ROOMLARGE KITCHENLAUNDRY ROOMHUGE PRIMARY SUITE

Neighborhood map

Property Rental comp Retail Costco Walmart Transit Schools Stadiums Fortune 500 · Circle radius: 6.0 mi
Loading POIs…
🏷️ Possibly a rental listed for sale. The $278,000 price doesn't fit this home's estimated sale value (~$470,666) and the remarks read like a rental — treat the cards below with caution.

What this means for you Summary

Snapshot

  • This is a 2-bed/2.0-bath townhouse listed at $278k. Condition is rated good.

Deal economics

  • At list price, monthly cash flow is $1k ($16k/yr) — positive.
  • The deal already cash-flows at list — no discount required.
  • Meets the 1% rule at list price ($4k rent vs $278k).
  • Recommended offer: $245k (12.0% below list) — sets the bar for market timing.
  • Cap rate 11.9% vs local median 2.9% in Hewlett — 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 89/100 on livability (#7 in NY, #165 nationally) — a professional / high-income tenant draw. Strengths: crime A+, amenities A+, commute A+; Watch: cost of living F.
  • Hewlett-Woodmere Union Free School District (suburban): math 72% / reading 79% proficiency, ranked #59 of 590 in NY (top 10%) — strong family-tenant draw, lease renewals of 3-5y typical; only 12% free/reduced lunch — higher-income household profile.
  • Zoned schools: Hewlett Elementary School (math 57% / reading 72%, grade B, #591 of 2,108 statewide, top 31%, 403 students, 26% FRL); Woodmere Middle School (math 62% / reading 73%, grade A-, #98 of 729 statewide, top 14%, 716 students, 26% FRL); George W Hewlett High School (math 95% / reading 97%, grade A+, #68 of 1,100 statewide, top 6%, 999 students, 26% FRL).
  • Market conditions: 95 active listings in the ZIP; 39 comparable units currently listed for rent nearby; rentals lingering (median 55d on market — plan ~5-8 weeks vacancy on turnover, expect pricing pressure); 62% of comp listings sitting > 30 days — soft ceiling on asking rent; high-income renter base; 824 units permitted in Nassau County in 2024 (153 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 $8k of value loss. Plan a longer hold.
  • Nassau County population projected at +7% by 2050 — modest demand growth; plan on rents tracking national, not racing it.
  • At projected returns (-3.0% appreciation + 3.0% rent growth), your $78k cash investment doubles in ~7 years — after that, you're playing with house money.

Negotiation context

  • It's been on market 136 days — a 12% lower offer ($245k) is reasonable based on typical stale-listing flexibility.

Risks & watch-outs

  • Climate carrying-cost: major wind risk, 70% chance of damaging wind over 30y; extreme-heat days projected 7→16/yr by 2055 (HVAC capex compounding) — expect insurance premiums to compound above CPI over the hold.
Recommended offer $244,640 (12.0% below list)

Questions for the listing agent

  1. It's been on market 136 days. Have you received any prior offers? Is the seller open to a 12% concession, seller financing, or rate buy-down credit?
  2. Built in 1960 — when were the roof, HVAC, electrical panel, plumbing, and water heater last replaced?
  3. Why hasn't it sold? Are there any deal-killer items the seller is aware of (foundation, flood, title, zoning, code violations)?
  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 for-sale + rental construction is in the pipeline within 1–3 miles? Heavy new supply typically softens prices + rents 12–24 months out; constrained supply supports both.

Investment metrics

1% rule
1.47%
Cap rate
11.94%
Cash-on-cash
20.16%
DSCR
1.90
GRM
5.7

CMA / ARV

ARV (median comp)
$470,666
List price
$278,000
Delta
-40.93%
Verdict
UNDERPRICED
Comps
20 within 1.0 mi
Show comp detail 6 sales within ~0.75 mi
Address Dist Beds/Ba Sqft Sold Price $/sf Match
9 Everit Ave Unit A10,11 0.07mi 2/2.0 1,200 (-11%) 9mo $250,000 $208 71
1361 Broadway Unit B-26 0.10mi 2/2.0 1,200 (-11%) 8mo $300,000 $250 70
1355 Broadway Unit B20 0.10mi 2/2.0 1,500 (+11%) 10mo $345,000 $230 69
1215 E Broadway Unit A-13 0.27mi 2/2.0 1,200 (-11%) 3mo $195,000 $163 66
1385 Broadway Unit A31 0.16mi 2/2.0 1,200 (-11%) 9mo $249,000 $208 66
1534 Broadway #202 0.43mi 2/2.0 1,486 (+10%) 10mo $425,000 $286 54

Match score weights: distance 35% · size 25% · config 20% · recency 20%. Top-matched comps best support the ARV.

Projected returns pro-forma

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

5-year hold
IRR
12.4%
Equity multiple
1.49×
Total profit
$38,299
Equity at exit
$41,451
10-year hold
IRR
21.3%
Equity multiple
2.81×
Total profit
$140,843
Equity at exit
$24,036

Cash invested: $77,840 (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.
Buyer's market Market conditions within 1.0 mi — comparable homes for sale

Active competition Active MLS

For sale now
5 active · 5 under contract
Months of supply
10.0 mo (10%/mo absorbed)
Median asking
$410,000 ($349/sqft)
Median days on market
20 d
This list price
20% of active listings are priced below it
ARV vs active asking
-0.2% vs current asking $/sqft

Closed sales set the value; these active listings set current market conditions and a practical price ceiling.

ZIP-level market 11557

Active inventory
95
Price-to-rent
5.7×

Monthly cashflow live

Estimated rent
$4,087 high interval (Pro) →
Mortgage (P&I)
$1,458
Tax est. 1.5%
$348 /mo · $4,170/yr
Insurance
$116
HOA
$0
Vacancy / Maint / Mgmt
$858
Net cashflow
$1,308

Break-even live

Break-even rent $2,432
Max offer price $278,000
Occupancy floor 63%

Sensitivity live

Price -10% $1,500 -5% $1,404 +0% $1,308 +5% $1,212 +10% $1,116
Rent -10% $985 -5% $1,146 +0% $1,308 +5% $1,469 +10% $1,631
Rate -1.0pp $1,448 -0.5pp $1,378 base $1,308 +0.5pp $1,236 +1.0pp $1,162

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
$69,500
Closing costs
$8,340
Reserves months
Total cash needed

Loan-product check · same deal, 3 products live

Conventional

25% down · 7.5% · 30yr

Cash invested
Monthly P&I
Monthly cashflow
DSCR
Eligible?

Personal DTI + credit; lowest rate.

DSCR

20% down · 8.5% · 30yr

Cash invested
Monthly P&I
Monthly cashflow
DSCR
Eligible?

No personal income docs; deal must DSCR.

Hard money

10% down · 12.0% · 12mo

Cash invested
Monthly P&I
Monthly cashflow
DSCR
Eligible?

Short-term bridge; refi at stabilization.

Rent comps 39 comps

AddressBedsBaths SqftRent$/sqft DOM Units Dist
306 Hamilton Ave Unit 2ND Hewlett, NY 3.0 1.0 1350 $4,500 $3.33 0d 1 0.22mi
363 Hewlett Pkwy Hewlett, NY 3.0 1.5 1205 $4,200 $3.49 120d 1 0.30mi
1180 E Broadway #1 Hewlett, NY 2.0 2.5 1580 $5,500 $3.48 20d 1 0.30mi
1498 Kew Ave Hewlett, NY 3.0 2.0 1164 $5,400 $4.64 0d 1 0.49mi
227 Franklin Pl Woodmere, NY 3.0 1.0 950 $3,400 $3.58 139d 1 0.61mi
29 Avon Rd Hewlett, NY 3.0 2.0 1600 $4,900 $3.06 55d 1 0.65mi
122 Combs Ave Unit 2 Woodmere, NY 2.0 1.0 1200 $3,000 $2.50 6d 1 0.68mi
19 Dartmouth St Valley Stream, NY 3.0 3.5 1439 $4,600 $3.20 87d 1 0.71mi
107 Gibson Blvd Valley Stream, NY 3.0 1.0 1200 $3,200 $2.67 70d 1 0.71mi
99 Gibson Blvd Valley Stream, NY 3.0 1.0 1100 $3,700 $3.36 0d 1 0.72mi
127 Gordon Rd Valley Stream, NY 2.0 1.5 1000 $3,350 $3.35 12d 1 0.75mi
127 Gordon Rd Valley Stream, NY 3.0 1.0 1200 $3,350 $2.79 139d 1 0.75mi
510 Dubois Ave Apt 3C Valley Stream, NY 2.0 1.5 1050 $3,300 $3.14 93d 1 0.76mi
141 Munro Blvd Valley Stream, NY 1.0 1.0 1000 $1,300 $1.30 113d 1 0.80mi
1760 Slocum St Hewlett, NY 3.0 1.0 1080 $4,500 $4.17 62d 1 0.85mi
1760 Slocum St Hewlett, NY 3.0 1.0 1008 $4,500 $4.46 37d 1 0.85mi
242 Munro Blvd Apt 2 Valley Stream, NY 3.0 1.0 1250 $3,890 $3.11 3d 1 0.89mi
61 Hollywood Ave Lynbrook, NY 2.0 1.0 1825 $3,000 $1.64 139d 1 0.94mi
69 Prospect Ave Apt 11P Lynbrook, NY 3.0 2.0 1762 $4,200 $2.38 0d 1 0.95mi
69 Prospect Ave Unit 18W Hewlett, NY 3.0 2.0 1762 $4,250 $2.41 3d 1 0.95mi
66 Kenmore Rd Valley Stream, NY 2.0 1.0 1525 $2,950 $1.93 114d 1 0.97mi
65 Prospect Ave Apt 15W Lynbrook, NY 2.0 2.0 1060 $3,680 $3.47 118d 1 0.99mi
35 Gibson Blvd Unit 2 Valley Stream, NY 2.0 1.0 1150 $3,900 $3.39 83d 1 1.07mi
35 Gibson Blvd Unit 2 Valley Stream, NY 2.0 1.0 1150 $3,200 $2.78 0d 1 1.07mi
26 Starks Pl Lynbrook, NY 3.0 1.5 1822 $3,850 $2.11 97d 1 1.14mi
86 Woodlawn Ave Valley Stream, NY 1.0 1.0 1585 $2,300 $1.45 43d 1 1.20mi
92 Wavecrest St Valley Stream, NY 2.0 1.0 1200 $2,800 $2.33 120d 1 1.25mi
19 High St Valley Stream, NY 2.0 1.0 950 $2,700 $2.84 21d 1 1.33mi
21 Cochran Pl Valley Stream, NY 3.0 1.0 1250 $4,000 $3.20 0d 1 1.33mi
23 Thompson Pl Unit 2 Lynbrook, NY 3.0 1.0 900 $3,100 $3.44 51d 1 1.37mi
132 Roosevelt Ave Valley Stream, NY 3.0 2.0 1010 $4,300 $4.26 89d 1 1.38mi
134 Scranton Ave Lynbrook, NY 2.0 2.0 1470 $4,500 $3.06 0d 1 1.38mi
161 Union Ave Apt 15 Lynbrook, NY 2.0 2.0 900 $4,250 $4.72 0d 1 1.44mi
139 Grove Ave Cedarhurst, NY 2.0 2.0 1100 $4,195 $3.81 70d 1 1.44mi
757 Chestnut St Unit 1st Fl Cedarhurst, NY 2.0 2.0 1200 $4,095 $3.41 79d 1 1.44mi
643 Chestnut St Unit 1st Cedarhurst, NY 2.0 2.0 1200 $4,250 $3.54 51d 1 1.46mi
657 Chestnut St Cedarhurst, NY 2.0 2.0 1200 $4,250 $3.54 57d 1 1.47mi
655 Chestnut St Unit 2ND Cedarhurst, NY 2.0 2.0 1100 $4,195 $3.81 0d 1 1.47mi
576 Scranton Ave Unit 576-4 Lynbrook, NY 2.0 1.0 1212 $3,750 $3.09 140d 1 1.49mi

Property features AI

Finance

HOA & community
Association with monthly feeAssociation covers common area maintenance, grounds care, sewer, snow removal, trash, and waterAssociation provides maintenance and grounds maintenance services

Exterior

Parking
Assigned parkingCovered parkingGarage parking (1 car)Carport availableOn-street parkingParking lotTotal of 2 parking spacesNo parking fee
Utilities
Electric service by PSEGPublic sewerCable availableElectricity connectedSewer connectedTrash collection (public)Water connected
Home design
Stock cooperativeOne levelEntry on level 1
Construction
Frame construction
Exterior features
Frame constructionNot waterfront

Interior

Kitchen
CooktopDishwasherRefrigerator
Bedrooms
Includes a main-level/master bedroom
Bathrooms
2 full bathrooms
Heating & cooling
Electric heatingElectric cooling
Interior features
First-floor bedroomFirst-floor full bathroomEntrance foyerHigh ceilingsPrimary bathroomMaster suite on the main levelRecessed lightingStorage closetTerrace
Laundry & utility
Washer hookupElectric dryer hookup

Listing history 50 events

  1. 2026-09-24
    days on market $278,000 Active 136 DOM
  2. 2026-09-23
    days on market $278,000 Active 135 DOM
  3. 2026-09-22
    days on market $278,000 Active 134 DOM
  4. 2026-09-21
    days on market $278,000 Active 133 DOM
  5. 2026-09-20
    days on market $278,000 Active 132 DOM
  6. 2026-09-19
    days on market $278,000 Active 131 DOM
  7. 2026-09-18
    days on market $278,000 Active 130 DOM
  8. 2026-09-17
    days on market $278,000 Active 129 DOM
  9. 2026-09-16
    days on market $278,000 Active 128 DOM
  10. 2026-09-15
    days on market $278,000 Active 127 DOM
  11. 2026-09-14
    days on market $278,000 Active 126 DOM
  12. 2026-09-13
    days on market $278,000 Active 125 DOM
  13. 2026-09-12
    days on market $278,000 Active 124 DOM
  14. 2026-09-11
    days on market $278,000 Active 123 DOM
  15. 2026-09-05
    days on market $278,000 Active 117 DOM
  16. 2026-09-04
    days on market $278,000 Active 116 DOM
  17. 2026-09-02
    days on market $278,000 Active 114 DOM
  18. 2026-08-31
    days on market $278,000 Active 112 DOM
  19. 2026-08-29
    days on market $278,000 Active 110 DOM
  20. 2026-08-28
    days on market $278,000 Active 109 DOM
  21. 2026-08-27
    days on market $278,000 Active 108 DOM
  22. 2026-08-25
    days on market $278,000 Active 106 DOM
  23. 2026-08-24
    days on market $278,000 Active 105 DOM
  24. 2026-08-23
    days on market $278,000 Active 104 DOM
  25. 2026-08-22
    days on market $278,000 Active 103 DOM
  26. 2026-08-21
    days on market $278,000 Active 102 DOM
  27. 2026-08-20
    days on market $278,000 Active 101 DOM
  28. 2026-08-19
    days on market $278,000 Active 100 DOM
  29. 2026-08-18
    days on market $278,000 Active 99 DOM
  30. 2026-08-17
    days on market $278,000 Active 98 DOM
  31. 2026-08-16
    days on market $278,000 Active 97 DOM
  32. 2026-08-15
    days on market $278,000 Active 96 DOM
  33. 2026-08-14
    days on market $278,000 Active 95 DOM
  34. 2026-08-13
    days on market $278,000 Active 94 DOM
  35. 2026-08-12
    days on market $278,000 Active 93 DOM
  36. 2026-08-11
    days on market $278,000 Active 92 DOM
  37. 2026-08-10
    days on market $278,000 Active 91 DOM
  38. 2026-08-09
    days on market $278,000 Active 90 DOM
  39. 2026-08-08
    days on market $278,000 Active 89 DOM
  40. 2026-08-06
    days on market $278,000 Active 87 DOM
  41. 2026-08-05
    days on market $278,000 Active 86 DOM
  42. 2026-08-04
    days on market $278,000 Active 85 DOM
  43. 2026-08-03
    days on market $278,000 Active 84 DOM
  44. 2026-07-31
    days on market $278,000 Active 81 DOM
  45. 2026-07-30
    days on market $278,000 Active 80 DOM
  46. 2026-07-30
    days on market $278,000 Active 79 DOM
  47. 2026-07-28
    days on market $278,000 Active 78 DOM
  48. 2026-07-26
    days on market $278,000 Active 76 DOM
  49. 2026-07-24
    days on market $278,000 Active 74 DOM
  50. 2026-07-23
    days on market $278,000 Active 73 DOM

ⓘ 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 ≥95°F today · 16 d/yr by 30 yrs out
  • 💨 Wind 6/10 Major 70% chance of damaging wind over 30 yrs
  • 🫁 Air quality 4/10 Moderate 4 unhealthy d/yr today · 6 by 30 yrs out

Nearby sold comps map

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Walkable amenities ~0.75 mi

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Taxation est. · year 1

Rental income
$49,046
− Mortgage interest
−$15,572
− Property taxes
−$4,170
− Insurance
−$1,390
− Repairs & maintenance
−$3,924
− Management
−$3,924
− Depreciation
−$8,087
Taxable income
$11,979
combined federal + state — saved on this device
Est. tax owed @ 24.0%
−$2,875
After-tax cash flow
$12,817/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 · 30 photos

Good 75/100 Cosmetic rehab Est. rehab $6,750–$20,250 screening

This well-maintained townhouse is in good condition with minor cosmetic updates needed to enhance its resale and rental value.

Repairs flagged

  • Minor Kitchen appliances — Appliances appear functional but dated.
  • Minor Carpet in living areas — Carpet appears worn but not damaged.
  • Minor Bathroom fixtures — Standard fixtures in good condition but could be updated for a fresh look.

Value-add opportunities

  • Both Paint interior walls — Fresh paint can improve the overall appearance and value of the home.
  • Both Replace carpet in living areas — New carpet can enhance the look and feel of the living spaces.
  • Both Update bathroom fixtures — Modern fixtures can improve the functionality and appeal of the bathrooms.

ⓘ Rehab cost is a screening estimate — Cosmetic scope × the home's square footage at US $/sqft rules of thumb (the same model as the Flip Finder). Get contractor quotes + a written scope before underwriting.

B Composite school gradezoned avg 76/100

Zoned Schools

Elementary Hewlett Elementary School B NY #591/2,108 Nat'l #5,189/41,679 Middle Woodmere Middle School A- NY #98/729 Nat'l #1,003/14,009 High George W Hewlett High School A+ NY #68/1,100 Nat'l #100/17,239

Schools (NCES district)

District
Hewlett-Woodmere Union Free School District
NCES district ID
3631710
Math proficiency
72% ▼ -7.00%
Reading proficiency
79% ▼ -3.00%
Median HH income
$112,656
Composite
69.89/100
National rank
#287
State rank
#59 of 590 in NY
A Composite livability gradescore 89/100

Livability — Hewlett

Score
89/100
State rank
#7
US rank
#165

Category grades

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

Schools grade is shown separately in the Schools card above.

Census & demographics

Census place
Hewlett, NY
County
Nassau · 1,409,302 people
Metro
New York-Newark-Jersey City, NY-NJ
Population (ZIP)
8,503
Household income
$170,048
Rent vs Own
5.5% rent · 94.5% own
Severe rent burden
24% of renters

Population outlook (Nassau County) Hauer SSP2

Today (2025)
1,409,302 people
By 2030
1,431,482 · +1.6%
By 2040
1,471,607 · +4.4%
By 2050
1,502,845 · +6.6%
By 2075
1,575,403 · +11.8%
By 2100
1,554,356 · +10.3%

Race, ethnicity, and origin ACS 2023

Neighborhood character
Predominantly White (74%)
Race & ethnicity
White 74% Asian 9% Hispanic / Latino 8% Black 6% Two or more races 5%
Hispanic origin (detail)
Puerto Rican 2%
Common ancestry
Scotch-Irish 5% Romanian 4% Danish 2%
Foreign-born
19% · Canada, Vietnam, China
Languages at home
74% English-only · Russian/Polish/Slavic 6% Spanish 6% Other Indo-European 4%

Political lean MEDSL · Nassau

2024 margin
Toss-up / Even · D 47.9% · R 52.1%
2008→2024 swing
-12.6pp toward R · 2008: 8.4pp · 2024: -4.2pp
All cycles
2024: R+4.2 2020: D+9.5 2016: D+5.3 2012: D+6.7 2008: D+8.4

Not yet ingested

Civics

Price history

1 event — show timeline
  • 2026-05-11 Listed $298,000 OneKey® MLS as Distributed by MLS Grid

Cash-flow waterfall

monthly

Sold comps — $/sqft

last 12 mo · ≤1 mi

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