750 Kappock St #207 · New York, NY 10463

$429,000

2 bd · 2.0 ba · 1,400 sqft · Condo · 167 Days on market

Built 1956 ↓ 7% since listing

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Why this score? — see what drove the D 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 +11.9/30.0
• ARV discount +7.5/15.0
• Rent growth +5.0/5.0
• Schools +5.0/10.0
• Livability +3.8/5.0
• DSCR +3.5/10.0
• 1% rule +3.4/10.0
• Condition / age +2.5/5.0
• Appreciation +0.0/10.0

Listing remarks

Spacious 2-Bedroom, 2-Bath Co-op in the Heart of Spuyten Duyvil, Riverdale Welcome to your new home in one of Riverdale’s most desirable neighborhoods! This bright and inviting two-bedroom, two-bath co-op offers style, space, and convenience in a full-service building. Enjoy a large, sunny living room with a dedicated dining area and a private terrace—perfect for relaxing or entertaining. The windowed kitchen provides ample light and functionality, while the primary bedroom features an en-suite windowed bathroom for added comfort and privacy. Your dog is welcome here, and will find plenty of new friends in this pet-friendly community! Building amenities include a 24-hour doorm

Key facts

• Private terrace
• 24-hour doorman
• Windowed kitchen

Tags

• PRIVATE TERRACE
• WINDOWED KITCHEN
• EN-SUITE WINDOWED BATHROOM
• PET-FRIENDLY COMMUNITY
• 24-HOUR DOORMAN
• PRIVATE GYM

Property features AI

Finance

• Other: Located in Bronx County
• HOA & community: Monthly assessment of $348

Exterior

• Parking: On-street parking
• Utilities: Public sewer; Cable available; Electricity available
• Home design: Stock cooperative
• Construction: Brick construction
• Exterior features: Brick exterior; Not waterfront

Interior

• Kitchen: Dishwasher; Gas range; Refrigerator
• Bedrooms: 4 total rooms (includes bedrooms and living spaces)
• Bathrooms: 2 full bathrooms
• Heating & cooling: Natural gas heating; Wall/window air conditioning units
• Interior features: Elevator; Primary bathroom; Walk-in closet(s)
• Laundry & utility: Basement (common)

What this means for you Summary

Snapshot

• This is a 2-bed/2.0-bath condo listed at $429k.

Deal economics

• At list price, monthly cash flow is $-110 ($-1k/yr) — negative.
• To cash-flow at today's rent, offer at most $413k (3.7% below list).
• To meet the 1% rule (rent ≥ 1% of price), the offer needs to be $361k (15.8% below list).
• Recommended offer: $361k (15.8% below list) — sets the bar for 1% rule.
• Cap rate 6.0% 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.
• Zoned schools: Elm Tree Elementary School (math 27% / reading 52%, grade F, #1,444 of 2,108 statewide, top 71%, 806 students, 94% FRL); Jhs 383 Philippa Schuyler (math 32% / reading 67%, grade C, #280 of 729 statewide, top 40%, 822 students, 85% FRL); Midwood High School (math 94% / reading 96%, grade A+, #83 of 1,100 statewide, top 8%, 4,062 students, 73% FRL).
• Market conditions: Rents rising fast (+11.6%/yr); 345 active listings in the ZIP; 2 comparable units currently listed for rent nearby; 6,929 units permitted in Bronx County in 2024 (6,829 in 5+ unit buildings).
• At $3,613/mo this rent would consume 58% of the median local household income ($75k/yr) (locally 5586% of renters already pay >50% of income on rent) — very limited rent-growth headroom before tenants either downsize or default.

Forward outlook

• Local home prices are declining (-3.0%/yr); year-one equity from $3k of loan paydown is wiped out by about $13k 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.

Negotiation context

• It's been on market 167 days — a 12% lower offer ($378k) is reasonable based on typical stale-listing flexibility.
• 16 sale attempts since 17y 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 1956 — expect roof / HVAC / electrical / plumbing capex.
• Climate carrying-cost: major wind risk, 27% chance of damaging wind over 30y; extreme-heat days projected 7→13/yr by 2055 (HVAC capex compounding) — expect insurance premiums to compound above CPI over the hold.

Recommended offer $361,346 (15.8% below list)

Questions for the listing agent

1. What do current leases actually rent for vs. the listed asking? Can we see a recent rent roll and the last 12 months of T-12 income?
2. It's been on market 167 days. Have you received any prior offers? Is the seller open to a 16% concession, seller financing, or rate buy-down credit?
3. Built in 1956 — when were the roof, HVAC, electrical panel, plumbing, and water heater last replaced?
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. Why hasn't it sold? Are there any deal-killer items the seller is aware of (foundation, flood, title, zoning, code violations)?
6. Is there a deadline driving the sale (1031 exchange, divorce, estate, relocation)? That informs how much negotiation room exists.
7. 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?
8. 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?
9. The area grade is low — what's the realistic commute time and amenity access for the typical tenant pool here? Any planned neighborhood developments (good or bad) we should know about?
10. 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.
11. 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.
12. 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: 0.84% ✗
• Cap rate: 5.98%
• Cash-on-cash: -1.10%
• DSCR: 0.95
• GRM: 9.9

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: -12.7%
• Equity multiple: 0.52×
• Total profit: $-57,377
• Equity at exit: $63,965

10-year hold

• IRR: 2.7%
• Equity multiple: 1.23×
• Total profit: $28,145
• Equity at exit: $37,092

Cash invested: $120,120 (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: 345
• Price-to-rent: 9.9×

Monthly cashflow live

• Estimated rent: $3,613 medium
• Mortgage (P&I): −$2,250
• Tax est. 1.5%: −$536 /mo · $6,435/yr
• Insurance: −$179
• HOA: −$0
• Vacancy / Maint / Mgmt: −$759
• Net cashflow: $-110

Break-even live

Break-even rent $3,753

Max offer price $413,070

Occupancy floor 98%

Sensitivity live

Price	-10% $186	-5% $38	+0% $-110	+5% $-258	+10% $-407
Rent	-10% $-396	-5% $-253	+0% $-110	+5% $33	+10% $175
Rate	-1.0pp $106	-0.5pp $-1	base $-110	+0.5pp $-221	+1.0pp $-334

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: $107,250
• Closing costs: $12,870
• Reserves months: —
• Total cash needed: —

Rent comps 2 comps

Address	Beds	Baths	Sqft	Rent	$/sqft	DOM	Units	Dist
2600 Netherland Ave Bronx, NY	1.0–3.0	1.0–2.5	1132	$3,938	$3.48	24d	3	0.35mi
405 W 206th St Unit 1202E New York, NY	3.0	2.0	900	$6,250	$6.94	26d	1	1.31mi

HOA detail condo

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

Listing history 41 events

1. 2026-04-28
   status Pending
2. 2026-03-17
   price $429,000
3. 2026-03-17
   price $429,000
4. 2025-11-12
   listed $449,000 Active
5. 2025-11-12
   listed $449,000 Active
6. 2022-07-19
   historical
7. 2022-04-12
   historical
8. 2022-04-12
   listed $450,000 Active
9. 2022-01-27
   status Pending
10. 2021-11-12
    price $425,000
11. 2021-10-22
    listed $450,000 Active
12. 2021-07-25
    historical
13. 2021-05-27
    price $450,000
14. 2021-05-26
    price $450,000
15. 2021-04-20
    price $470,000
16. 2021-04-14
    price $470,000
17. 2021-03-07
    price $480,000
18. 2021-03-06
    price $480,000
19. 2021-02-04
    listed $450,000
20. 2021-02-04
    listed $495,000 Active
21. 2021-02-01
    listed $495,000 Active
22. 2014-11-03
    historical Withdrawn
23. 2014-11-03
    historical
24. 2014-06-23
    listed Active
25. 2014-06-23
    listed $439,000
26. 2014-03-17
    historical Withdrawn
27. 2014-03-17
    historical
28. 2014-02-08
    price
29. 2013-11-11
    price
30. 2013-11-01
    historical Cancelled
31. 2013-11-01
    historical
32. 2013-10-31
    listed Active
33. 2013-10-28
    listed $385,000
34. 2013-10-26
    price
35. 2013-10-24
    listed Active
36. 2013-10-23
    listed $459,000
37. 2013-10-21
    listed $459,000
38. 2010-09-01
    historical
39. 2010-03-02
    listed
40. 2009-11-29
    historical
41. 2009-05-29
    listed

ⓘ 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 ≥99°F today · 13 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: $43,362
• − Mortgage interest: −$24,031
• − Property taxes: −$6,435
• − Insurance: −$2,145
• − Repairs & maintenance: −$3,469
• − Management: −$3,469
• − Depreciation: −$12,480
• Taxable loss: −$8,667
• Est. tax savings @ 24.0%: +$2,080
• After-tax cash flow: $759/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

-6.5% since first listed

41 events — show timeline

• 2026-04-28 Pending — OneKey® MLS as Distributed by MLS Grid
• 2026-03-17 Price Changed $429,000 RLS at REBNY
• 2026-03-17 Price Changed $429,000 OneKey® MLS as Distributed by MLS Grid
• 2025-11-12 Listed $449,000 OneKey® MLS as Distributed by MLS Grid
• 2025-11-12 Listed $449,000 RLS at REBNY
• 2022-07-19 Listing Removed — OneKey® MLS as Distributed by MLS Grid
• 2022-04-12 Listing Removed — OneKey® MLS as Distributed by MLS Grid
• 2022-04-12 Listed $450,000 OneKey® MLS as Distributed by MLS Grid
• 2022-01-27 Pending — OneKey® MLS as Distributed by MLS Grid
• 2021-11-12 Price Changed $425,000 OneKey® MLS as Distributed by MLS Grid
• 2021-10-22 Listed $450,000 OneKey® MLS as Distributed by MLS Grid
• 2021-07-25 Listing Removed — OneKey® MLS as Distributed by MLS Grid
• 2021-05-27 Price Changed $450,000 RLS at REBNY
• 2021-05-26 Price Changed $450,000 OneKey® MLS as Distributed by MLS Grid
• 2021-04-20 Price Changed $470,000 RLS at REBNY
• 2021-04-14 Price Changed $470,000 OneKey® MLS as Distributed by MLS Grid
• 2021-03-07 Price Changed $480,000 RLS at REBNY
• 2021-03-06 Price Changed $480,000 OneKey® MLS as Distributed by MLS Grid
• 2021-02-04 Listed $495,000 RLS at REBNY
• 2021-02-04 Listed $450,000 RLS at REBNY
• 2021-02-01 Listed $495,000 OneKey® MLS as Distributed by MLS Grid
• 2014-11-03 Delisted — HGMLS
• 2014-11-03 Listing Removed — OneKey® MLS as Distributed by MLS Grid
• 2014-06-23 Listed — HGMLS
• 2014-06-23 Listed $439,000 OneKey® MLS as Distributed by MLS Grid
• 2014-03-17 Delisted — HGMLS
• 2014-03-17 Listing Removed — OneKey® MLS as Distributed by MLS Grid
• 2014-02-08 Price Changed — HGMLS
• 2013-11-11 Price Changed — HGMLS
• 2013-11-01 Delisted — HGMLS
• 2013-11-01 Listing Removed — OneKey® MLS as Distributed by MLS Grid
• 2013-10-31 Listed — HGMLS
• 2013-10-28 Listed $385,000 OneKey® MLS as Distributed by MLS Grid
• 2013-10-26 Price Changed — HGMLS
• 2013-10-24 Listed — HGMLS
• 2013-10-23 Listed $459,000 OneKey® MLS as Distributed by MLS Grid
• 2013-10-21 Listed $459,000 RLS at REBNY
• 2010-09-01 Delisted — HGMLS
• 2010-03-02 Listed — HGMLS
• 2009-11-29 Delisted — HGMLS
• 2009-05-29 Listed — HGMLS