824 Bronx River Rd Unit 3A · Yonkers, NY 10708

$265,000

2 bd · 1.0 ba · 995 sqft · Condo · 19 Days on market

Built 1925

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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 +21.4/30.0
• ARV discount +7.5/15.0
• DSCR +6.8/10.0
• 1% rule +5.6/10.0
• Schools +4.1/10.0
• Rent growth +3.6/5.0
• Livability +3.4/5.0
• Condition / age +2.5/5.0
• Appreciation +0.0/10.0

Listing remarks MLS

Pet friendly building within a short walk to Metro North commuter train. Freshly renovated new kitchen, sparkling refinished hardwood floors, living room with fireplace, sun porch and new bathroom. Buyer to pay NY State Transfer Tax.

Key facts

• Built 1925
• Listed 19 days

What this means for you Summary

Snapshot

• This is a 2-bed/1.0-bath condo listed at $265k.

Deal economics

• At list price, monthly cash flow is $391 ($5k/yr) — positive.
• The deal already cash-flows at list — no discount required.
• Meets the 1% rule at list price ($3k rent vs $265k).
• Recommended offer: $261k (1.5% below list) — sets the bar for market timing.
• Cap rate 8.1% 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.
• Zoned schools: Yonkers Early Childhood Academy (327 students, 72% FRL); Yonkers Middle School (math 17% / reading 37%, grade F, #587 of 729 statewide, top 81%, 601 students, 88% FRL); Yonkers High School (math 92% / reading 88%, grade A+, #238 of 1,100 statewide, top 23%, 1,060 students, 76% FRL) — zoned schools average 79% FRL vs 64% district-wide (15 pts higher); higher-poverty schools than district average — tighter screening recommended.
• Market conditions: Rents rising fast (+4.3%/yr); 245 active listings in the ZIP; 40 comparable units currently listed for rent nearby; rentals at typical pace (median 24d 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 $2k of loan paydown is wiped out by about $8k 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 19 days — a 2% lower offer ($261k) is reasonable based on typical stale-listing flexibility.
• 11 sale attempts since 20y 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 $110k; list at $265k implies a 141% gain — meaningful room to come down on a strong offer.

Risks & watch-outs

• Watch-outs: built in 1925 — expect roof / HVAC / electrical / plumbing capex.

Recommended offer $261,025 (1.5% below list)

Questions for the listing agent

1. Built in 1925 — 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. 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.
5. 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.
6. 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: 1.06% ✓
• Cap rate: 8.06%
• Cash-on-cash: 6.33%
• DSCR: 1.28
• GRM: 7.8

CMA / ARV

No comps found within radius.

Projected returns pro-forma

-3.0% appreciation · 4.27% rent growth · sell at horizon

5-year hold

• IRR: -5.1%
• Equity multiple: 0.81×
• Total profit: $-14,343
• Equity at exit: $39,512

10-year hold

• IRR: 6.0%
• Equity multiple: 1.47×
• Total profit: $35,096
• Equity at exit: $22,912

Cash invested: $74,200 (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 10708

• Rents YoY: 4.3%
• Active inventory: 245
• Price-to-rent: 7.8×

Monthly cashflow live

• Estimated rent: $2,813 high
• Mortgage (P&I): −$1,390
• Tax est. 1.5%: −$331 /mo · $3,975/yr
• Insurance: −$110
• HOA: −$0
• Vacancy / Maint / Mgmt: −$591
• Net cashflow: $391

Break-even live

Break-even rent $2,318

Max offer price $265,000

Occupancy floor 81%

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: $66,250
• Closing costs: $7,950
• Reserves months: —
• Total cash needed: —

Rent comps 40 comps

Address	Beds	Baths	Sqft	Rent	$/sqft	DOM	Units	Dist
80 W Grand St Mount Vernon, NY	1.0	1.0	850	$1,942	$2.28	24d	1	0.19mi
645 N MacQuesten Pkwy Unit 3G Mt Vernon, NY	2.0	1.0	950	$3,195	$3.36	24d	1	0.19mi
669 N Terrace Ave Mount Vernon, NY	1.0	1.0	750	$2,031	$2.71	24d	1	0.27mi
42 Broad St W Mount Vernon, NY	3.0	1.0–2.0	955	$3,199	$3.35	1d	16	0.29mi
42 Broad St W Mount Vernon, NY	3.0	1.0–2.0	1014	$5,080	$5.01	24d	15	0.29mi
33 William St Mount Vernon, NY	1.0–2.0	1.0	725	$2,675	$3.69	21d	2	0.36mi
671 Bronx River Rd Unit 3A Yonkers, NY	2.0	1.5	950	$3,000	$3.16	24d	1	0.36mi
200 Crescent Pl Unit 2nd fl Yonkers, NY	1.0	1.0	800	$2,300	$2.88	16d	1	0.41mi
12 Putnam St Mount Vernon, NY	2.0	1.0	950	$2,600	$2.74	24d	1	0.61mi
28 Tunis Ave Unit 2 Yonkers, NY	2.0	1.0	900	$3,000	$3.33	43d	1	0.69mi
230 N 7th Ave Unit 2 Mt Vernon, NY	1.0	1.0	950	$2,300	$2.42	10d	1	0.70mi
86 Edgewood Ave Unit 2W Yonkers, NY	2.0	1.0	1000	$2,699	$2.70	43d	1	0.73mi
86 Edgewood Ave Apt 2E Yonkers, NY	2.0	1.0	1000	$2,599	$2.60	18d	1	0.73mi
103 North St Mount Vernon, NY	1.0	1.0	720	$1,900	$2.64	20d	1	0.75mi
173 Crary Ave Mount Vernon, NY	3.0	2.0	1100	$3,100	$2.82	24d	1	0.80mi
14 Elm St Unit 2 Mt Vernon, NY	2.0	1.0	1000	$2,800	$2.80	24d	1	0.84mi
51 Parkway Rd Apt 3 Bronxville, NY	1.0	1.0	1100	$3,100	$2.82	24d	1	0.85mi
495 Kimball Ave Unit First Floor Yonkers, NY	2.0	1.0	1100	$3,000	$2.73	43d	1	0.90mi
142 Trenchard St Unit 2E Yonkers, NY	1.0	1.0	900	$2,250	$2.50	10d	1	1.01mi
32 N Bond St Mount Vernon, NY	1.0	1.0	850	$1,900	$2.24	7d	1	1.02mi
20 Overhill Pl Unit 3 Yonkers, NY	2.0	1.0	800	$3,000	$3.75	43d	1	1.05mi
18 N Bond St Unit 3D Mt Vernon, NY	1.0	1.0	750	$2,000	$2.67	24d	1	1.05mi
13 N Bond St Mount Vernon, NY	1.0	1.0	600	$1,785	$2.98	24d	1	1.07mi
148 Claremont Ave Mount Vernon, NY	2.0	1.0	960	$2,400	$2.50	18d	1	1.08mi
118 N Columbus Ave Mount Vernon, NY	1.0	1.0	650	$1,700	$2.62	24d	1	1.28mi
112 N Columbus Ave Unit 2 Mt Vernon, NY	2.0	2.0	900	$2,997	$3.33	18d	1	1.29mi
355 Bronxville Rd Bronxville, NY	3.0	2.0	968	$3,400	$3.51	24d	1	1.31mi
173 Washington St Unit 1 Mt Vernon, NY	3.0	2.0	1100	$3,000	$2.73	24d	1	1.33mi
2325 Cortlandt St Unit 4 Mt Vernon, NY	2.0	1.0	700	$2,300	$3.29	24d	1	1.33mi
64 Sagamore Rd Unit A6 Bronxville, NY	1.0	1.0	850	$2,900	$3.41	4d	1	1.36mi
119 S 11th Ave Unit 1 Mt Vernon, NY	2.0	1.0	700	$2,800	$4.00	10d	1	1.37mi
23 Alida St Unit 2s Yonkers, NY	2.0	1.0	1000	$2,900	$2.90	24d	1	1.38mi
255 Bronx River Rd Unit 4R Yonkers, NY	1.0	1.0	800	$2,250	$2.81	24d	1	1.38mi
119 S 13th Ave Mount Vernon, NY	2.0	1.0	800	$2,997	$3.75	13d	1	1.41mi
150 S 6th Ave Unit 2 Mt Vernon, NY	1.0	1.0	800	$2,500	$3.12	7d	1	1.41mi
150 S 6th Ave Unit 2 Mt Vernon, NY	1.0	1.0	800	$2,500	$3.12	17d	1	1.41mi
64 Kensington Rd Apt 1A Bronxville, NY	1.0	1.0	800	$2,895	$3.62	11d	1	1.42mi
85 Bennett Ave Unit 2 Yonkers, NY	2.0	1.0	1000	$2,500	$2.50	43d	1	1.43mi
594 Yonkers Ave Unit 5 Yonkers, NY	2.0	1.0	900	$2,500	$2.78	43d	1	1.43mi
594 Yonkers Ave Unit 5 Yonkers, NY	2.0	1.0	900	$2,500	$2.78	24d	1	1.43mi

HOA detail condo

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

Listing history 29 events

1. 2026-03-21
   status Pending
2. 2026-03-02
   listed $265,000 Active
3. 2026-02-28
   historical $265,000
4. 2015-07-16
   soldstatus $110,000 Sold 233-char remark

   Show marketing remark (287 chars)

   Pet friendly building within a short walk to Metro North commuter train. Freshly renovated new kitchen, sparkling refinished hardwood floors, living room with fireplace, sun porch and new bathroom. Buyer to pay NY State Transfer Tax. Additional Information: HeatingFuel:Oil Below Ground,

5. 2015-07-16
   price $110,000 233-char remark

   Show marketing remark (287 chars)

   Pet friendly building within a short walk to Metro North commuter train. Freshly renovated new kitchen, sparkling refinished hardwood floors, living room with fireplace, sun porch and new bathroom. Buyer to pay NY State Transfer Tax. Additional Information: HeatingFuel:Oil Below Ground,

6. 2015-07-16
   soldstatus $110,000 287-char remark

   Show marketing remark (287 chars)

   Pet friendly building within a short walk to Metro North commuter train. Freshly renovated new kitchen, sparkling refinished hardwood floors, living room with fireplace, sun porch and new bathroom. Buyer to pay NY State Transfer Tax. Additional Information: HeatingFuel:Oil Below Ground,

7. 2015-03-03
   historical Pending 233-char remark

   Show marketing remark (233 chars)

   Pet friendly building within a short walk to Metro North commuter train. Freshly renovated new kitchen, sparkling refinished hardwood floors, living room with fireplace, sun porch and new bathroom. Buyer to pay NY State Transfer Tax.

8. 2015-03-02
   price $119,900 233-char remark

   Show marketing remark (233 chars)

   Pet friendly building within a short walk to Metro North commuter train. Freshly renovated new kitchen, sparkling refinished hardwood floors, living room with fireplace, sun porch and new bathroom. Buyer to pay NY State Transfer Tax.

9. 2015-01-26
   price $119,900 233-char remark

   Show marketing remark (233 chars)

   Pet friendly building within a short walk to Metro North commuter train. Freshly renovated new kitchen, sparkling refinished hardwood floors, living room with fireplace, sun porch and new bathroom. Buyer to pay NY State Transfer Tax.

10. 2014-12-24
    listed $134,900 Active 233-char remark

    Show marketing remark (287 chars)

    Pet friendly building within a short walk to Metro North commuter train. Freshly renovated new kitchen, sparkling refinished hardwood floors, living room with fireplace, sun porch and new bathroom. Buyer to pay NY State Transfer Tax. Additional Information: HeatingFuel:Oil Below Ground,

11. 2014-12-24
    listed $119,900 287-char remark

    Show marketing remark (287 chars)

    Pet friendly building within a short walk to Metro North commuter train. Freshly renovated new kitchen, sparkling refinished hardwood floors, living room with fireplace, sun porch and new bathroom. Buyer to pay NY State Transfer Tax. Additional Information: HeatingFuel:Oil Below Ground,

12. 2014-04-21
    historical Withdrawn
13. 2014-04-21
    historical
14. 2014-01-27
    price $215,000
15. 2014-01-24
    status Active
16. 2013-11-09
    historical Pending
17. 2013-11-07
    listed Active
18. 2013-11-06
    listed $119,900
19. 2013-11-01
    historical
20. 2013-10-31
    historical
21. 2013-04-19
    listed Active
22. 2013-04-18
    listed $119,900
23. 2012-02-21
    historical Cancelled
24. 2012-02-21
    historical
25. 2012-01-08
    listed Active
26. 2012-01-08
    listed $149,900
27. 2006-11-29
    soldstatus $216,000
28. 2006-06-13
    historical
29. 2006-04-18
    listed $216,000

ⓘ Source: listings_history table (triggers on properties + properties_extension) + one-shot backfill from property_details.listing_events for pre-trigger history.

Taxation est. · year 1

• Rental income: $33,760
• − Mortgage interest: −$14,844
• − Property taxes: −$3,975
• − Insurance: −$1,325
• − Repairs & maintenance: −$2,701
• − Management: −$2,701
• − Depreciation: −$7,709
• Taxable income: $505
• Est. tax owed @ 24.0%: −$121
• After-tax cash flow: $4,573/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): 22,482
• Household income: $126,343
• Rent vs Own: 24.5% rent · 75.5% own
• Severe rent burden: 357.0

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: Predominantly White (69%)
• Race & ethnicity: White 69% Hispanic / Latino 17% Two or more races 10% Black 6% Asian 4%
• Hispanic origin (detail): Puerto Rican 7% Dominican 3%
• Common ancestry: Romanian 2% Lithuanian 2% Scotch-Irish 1%
• Foreign-born: 16% · Canada, China
• Languages at home: 76% English-only · Spanish 10% Other Indo-European 6% Other Asian/Pacific 2%

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: ▼ -668.11%
• Current HPI: 203.4295
• Rent YoY: ▲ 4.27%
• 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

+22.7% since first listed

29 events — show timeline

• 2026-03-21 Pending — OneKey® MLS as Distributed by MLS Grid
• 2026-03-02 Listed $265,000 OneKey® MLS as Distributed by MLS Grid
• 2026-02-28 Coming Soon $265,000 OneKey® MLS as Distributed by MLS Grid
• 2015-07-16 Price Changed $110,000 HGMLS
• 2015-07-16 Sold (MLS) $110,000 HGMLS
• 2015-07-16 Sold (MLS) $110,000 OneKey® MLS as Distributed by MLS Grid
• 2015-03-03 Contingent — HGMLS
• 2015-03-02 Price Changed $119,900 HGMLS
• 2015-01-26 Price Changed $119,900 HGMLS
• 2014-12-24 Listed $134,900 HGMLS
• 2014-12-24 Listed $119,900 OneKey® MLS as Distributed by MLS Grid
• 2014-04-21 Delisted — HGMLS
• 2014-04-21 Listing Removed — OneKey® MLS as Distributed by MLS Grid
• 2014-01-27 Price Changed $215,000 HGMLS
• 2014-01-24 Relisted — HGMLS
• 2013-11-09 Contingent — HGMLS
• 2013-11-07 Listed — HGMLS
• 2013-11-06 Listed $119,900 OneKey® MLS as Distributed by MLS Grid
• 2013-11-01 Delisted — HGMLS
• 2013-10-31 Listing Removed — OneKey® MLS as Distributed by MLS Grid
• 2013-04-19 Listed — HGMLS
• 2013-04-18 Listed $119,900 OneKey® MLS as Distributed by MLS Grid
• 2012-02-21 Delisted — HGMLS
• 2012-02-21 Listing Removed — OneKey® MLS as Distributed by MLS Grid
• 2012-01-08 Listed — HGMLS
• 2012-01-08 Listed $149,900 OneKey® MLS as Distributed by MLS Grid
• 2006-11-29 Sold (MLS) $216,000 HGMLS
• 2006-06-13 Delisted — HGMLS
• 2006-04-18 Listed $216,000 HGMLS