11146 Inwood St · New York, NY 11435

$749,999

3 bd · 2.0 ba · 1,280 sqft · MultiFamily public records · 66 Days on market

Built 1940 2,000 sqft lot Est $883k · 15% under

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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 +19.5/30.0
• ARV discount +14.3/15.0
• DSCR +6.2/10.0
• Schools +5.0/10.0
• 1% rule +4.3/10.0
• Livability +3.8/5.0
• Rent growth +3.0/5.0
• Condition / age +2.5/5.0
• Appreciation +0.0/10.0

Multi-family units

County records classify this as Multi-Family (2-4 Unit). Listing-text estimate: 1 unit. estimate disagrees with records

Listing remarks

Discover a versatile investment or multi-generational living opportunity in the heart of Jamaica, NY, at 11146 Inwood Street. This 1,280-square-foot residence features a smart, functional layout across two full levels, plus a fully finished basement with a convenient outside entrance. The first floor offers a comfortable living room, kitchen, full bath, and one bedroom, while the second floor provides a separate living space complete with its own kitchen, living room, full bath, and two additional bedrooms. Perfectly priced and situated near local amenities and transportation, this property is an ideal find for those seeking flexible living options or a high-potential addition to their real

Key facts

• 2,000 sq ft lot
• Garage
• Built 1940

Property features AI

Exterior

• Parking: Private parking; One-car garage
• Utilities: Public sewer; Electricity available
• Home design: Duplex
• Construction: Brick construction
• Exterior features: Brick exterior; Not waterfront

Interior

• Bedrooms: One 1-bedroom unit; One 2-bedroom unit
• Bathrooms: Two full bathrooms
• Heating & cooling: Natural gas heating; No cooling (no central air)
• Interior features: First-floor bedroom; Finished full basement with walk-out access

What this means for you Summary

Snapshot

• This is a 3-bed/2.0-bath multifamily listed at $750k.

Deal economics

• At list price, monthly cash flow is $851 ($10k/yr) — positive.
• The deal already cash-flows at list — no discount required.
• To meet the 1% rule (rent ≥ 1% of price), the offer needs to be $700k (6.7% below list).
• Recommended offer: $700k (6.7% below list) — sets the bar for 1% rule.
• 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 (+2.0%/yr); 170 active listings in the ZIP; 37 comparable units currently listed for rent nearby; rentals at typical pace (median 25d 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).
• At $7,000/mo this rent would consume 105% of the median local household income ($80k/yr) (locally 3361% 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 $5k of loan paydown is wiped out by about $22k 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 66 days — a 6% lower offer ($705k) is reasonable based on typical stale-listing flexibility.
• Current owner paid $321k; list at $750k implies a 133% gain — meaningful room to come down on a strong offer.

Risks & watch-outs

• Watch-outs: built in 1940 — expect roof / HVAC / electrical / plumbing capex.
• Climate carrying-cost: major wind risk, 53% 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 $700,000 (6.7% below list)

Questions for the listing agent

1. It's been on market 66 days. Have you received any prior offers? Is the seller open to a 7% concession, seller financing, or rate buy-down credit?
2. Built in 1940 — 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 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?
6. 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?
7. 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.
8. 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.
9. 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: 0.93% ✗
• Cap rate: 7.66%
• Cash-on-cash: 4.86%
• DSCR: 1.22
• GRM: 8.9

CMA / ARV

• ARV (on-the-fly): $883,200
• Comps found: 2

Show comp detail 2 sales within ~0.75 mi

Address	Dist	Beds/Ba	Sqft	Sold	Price	$/sf	Match
155-35 Linden Blvd	0.43mi	3/2.0	1,280 (0%)	8mo	$345,000	$270	74
13407 109th Ave	0.58mi	3/2.0	1,231 (-4%)	9mo	$850,000	$690	59

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 · 1.97% rent growth · sell at horizon

5-year hold

• IRR: -9.8%
• Equity multiple: 0.64×
• Total profit: $-74,694
• Equity at exit: $111,827

10-year hold

• IRR: -1.8%
• Equity multiple: 0.88×
• Total profit: $-24,914
• Equity at exit: $64,846

Cash invested: $210,000 (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 11435

• Rents YoY: 2.0%
• Active inventory: 170
• Price-to-rent: 26.8×

Monthly cashflow live

• Estimated rent: $7,000 medium
• Mortgage (P&I): −$3,933
• Tax from tax record: −$433 /mo · $5,197/yr
• Insurance: −$312
• HOA: −$0
• Vacancy / Maint / Mgmt: −$1,470
• Net cashflow: $851

Break-even live

Break-even rent $5,922

Max offer price $749,999

Occupancy floor 83%

Sensitivity live

Price	-10% $1,276	-5% $1,064	+0% $851	+5% $639	+10% $427
Rent	-10% $298	-5% $575	+0% $851	+5% $1,128	+10% $1,404
Rate	-1.0pp $1,229	-0.5pp $1,042	base $851	+0.5pp $657	+1.0pp $459

3-unit breakdown (identical units grouped — click to expand)

Units	Beds	Baths	Est. rent
▸ 3× units	2	1	$6,999
Total (3 units)			$7,000

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: $187,500
• Closing costs: $22,500
• Reserves months: —
• Total cash needed: —

Rent comps 37 comps

Address	Beds	Baths	Sqft	Rent	$/sqft	DOM	Units	Dist
11530 Inwood St Jamaica, NY	3.0	1.0	1776	$3,500	$1.97	15d	1	0.27mi
11530 Inwood St Jamaica, NY	3.0	1.5	1776	$3,600	$2.03	25d	1	0.27mi
108-16 Pinegrove St Unit 2ND Jamaica, NY	3.0	2.0	1600	$3,300	$2.06	5d	1	0.30mi
139-18 Lakewood Ave Unit 2F Jamaica, NY	3.0	2.0	1258	$3,250	$2.58	25d	1	0.35mi
147-31 109th Ave Unit 2 Jamaica, NY	4.0	2.0	1736	$3,500	$2.02	25d	1	0.37mi
139-22 Lakewood Ave Unit 2F Jamaica, NY	3.0	2.0	1008	$3,250	$3.22	25d	1	0.38mi
15053 115th Dr Jamaica, NY	2.0	1.0	1264	$2,997	$2.37	8d	1	0.44mi
108-46 153rd St Unit 1FL Jamaica, NY	3.0	1.0	900	$2,900	$3.22	25d	1	0.44mi
11649 147th St Jamaica, NY	3.0	1.0	1280	$3,600	$2.81	8d	1	0.45mi
107-50 Van Wyck Expy Queens, NY	3.0	1.0	1700	$3,500	$2.06	25d	1	0.50mi
15307 Arlington Ter Jamaica, NY	3.0	1.5	1470	$3,800	$2.59	25d	1	0.51mi
11450 157th St Jamaica, NY	3.0	1.0	1604	$2,900	$1.81	25d	1	0.51mi
15020 118th Ave Jamaica, NY	2.0	1.0	1568	$3,000	$1.91	6d	1	0.59mi
119-15A 145th St Jamaica, NY	3.0	1.5	1248	$3,800	$3.04	19d	1	0.59mi
115-32 158th St Unit 2 Jamaica, NY	3.0	1.0	1600	$2,800	$1.75	6d	1	0.64mi
116-47 134th St Unit 2 South Ozone Park, NY	2.0	1.0	1520	$2,400	$1.58	25d	1	0.68mi
12207 142nd Pl Jamaica, NY	3.0	2.5	1797	$3,200	$1.78	15d	1	0.75mi
106-12 156th St Unit 2nd Fl Jamaica, NY	3.0	2.0	1208	$3,499	$2.90	25d	1	0.76mi
144-07 101st Ave Unit 2 Jamaica, NY	2.0	1.0	1760	$2,800	$1.59	25d	1	0.78mi
10469 129th St South Richmond Hill, NY	3.0	2.0	1280	$3,400	$2.66	25d	1	0.86mi
12603 115th Ave South Ozone Park, NY	3.0	1.0	1632	$3,200	$1.96	25d	1	0.89mi
11529 126th St South Ozone Park, NY	2.0	1.5	940	$3,058	$3.25	15d	1	0.91mi
12169 133rd St South Ozone Park, NY	3.0	1.0	1020	$3,500	$3.43	25d	1	0.98mi
130-07 142nd St Unit 2 Jamaica, NY	2.0	1.0	1720	$2,700	$1.57	25d	1	1.04mi
120-23 Guy R Brewer Blvd Unit 1 Jamaica, NY	3.0	1.5	1200	$3,250	$2.71	19d	1	1.05mi
133-16 131st Ave #2 Queens, NY	4.0	1.0	1100	$3,150	$2.86	25d	1	1.13mi
103-20 168th Pl Unit 2nd floor Jamaica, NY	3.0	1.0	1000	$2,900	$2.90	25d	1	1.22mi
16842 Liberty Ave Jamaica, NY	2.0	1.0	1688	$2,997	$1.78	25d	1	1.28mi
10940 175th St Jamaica, NY	3.0	1.5	1300	$4,000	$3.08	19d	1	1.31mi
17203 119th Ave Jamaica, NY	3.0	2.0	1090	$3,300	$3.03	25d	1	1.32mi
11542 175th St Unit 2 Queens, NY	4.0	2.0	1650	$4,200	$2.55	25d	1	1.33mi
120-06 172nd St Unit 2 Jamaica, NY	3.0	2.0	900	$3,000	$3.33	25d	1	1.35mi
88-33 144th St Unit 2nd Fl Jamaica, NY	3.0	1.0	1100	$2,600	$2.36	3d	1	1.37mi
123-08 95th Ave Unit 2 South Richmond Hill, NY	2.0	1.5	1000	$2,400	$2.40	25d	1	1.39mi
148-37 88th Ave Queens, NY	2.0	2.0	900	$3,500	$3.89	25d	1	1.42mi
88-56 162nd St Apt 2D Jamaica, NY	2.0	1.0	1000	$3,000	$3.00	25d	1	1.44mi
12606 172nd St Jamaica, NY	3.0	2.0	1050	$3,200	$3.05	19d	1	1.46mi

Listing history 17 events

1. 2026-06-18
   days on market $749,999 Active 66 DOM
2. 2026-06-17
   days on market $749,999 Active 65 DOM
3. 2026-06-15
   days on market $749,999 Active 63 DOM
4. 2026-06-13
   days on market $749,999 Active 61 DOM
5. 2026-06-10
   days on market $749,999 Active 57 DOM
6. 2026-06-08
   days on market $749,999 Active 56 DOM
7. 2026-06-08
   days on market $749,999 Active 55 DOM
8. 2026-06-04
   days on market $749,999 Active 52 DOM
9. 2026-06-03
   days on market $749,999 Active 51 DOM
10. 2026-06-01
    days on market $749,999 Active 49 DOM
11. 2026-05-31
    days on market $749,999 Active 48 DOM
12. 2026-04-14
    listed $749,999 Active
13. 2026-04-09
    historical $749,999
14. 2011-06-17
    soldstatus $321,200
15. 2007-01-05
    soldstatus $520,000
16. 2006-02-23
    soldstatus $415,000
17. 1998-01-29
    soldstatus $135,000

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

Tax reassessment forecast NY · Partial reset (capped growth)

• Current annual tax: $5,197 · $433/mo
• Projected year-2 tax: $8,936 · $745/mo
• Expected delta: +$3,739/yr (+$312/mo · 71.9%)

ⓘ Screening estimate from a state-policy table — verify with the county assessor before closing.

Climate risk First Street

• 🌊 Flood 1/10 Low FEMA zone X (unshaded) · 0% 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 53% 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: $84,000
• − Mortgage interest: −$42,012
• − Property taxes: −$5,197
• − Insurance: −$3,750
• − Repairs & maintenance: −$6,720
• − Management: −$6,720
• − Depreciation: −$21,818
• Taxable loss: −$2,217
• Est. tax savings @ 24.0%: +$532
• After-tax cash flow: $10,748/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: Queens County · 1,914,869 people
• City population: 7,731,280
• Metro: New York-Newark-Jersey City, NY-NJ-PA
• Population (ZIP): 56,826
• Household income: $79,710
• Rent vs Own: 64.0% rent · 36.0% own
• Severe rent burden: 3361.0

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: Highly diverse neighborhood (Simpson 0.78)
• Race & ethnicity: Hispanic / Latino 30% Black 25% Asian 23% White 13% Two or more races 7%
• Hispanic origin (detail): Mexican 3% Puerto Rican 4% Dominican 5%
• Common ancestry: Scotch-Irish 2% Hispanic 1% Russian 1%
• Foreign-born: 53% · Canada, China, Jamaica
• Languages at home: 42% English-only · Spanish 29% Other Indo-European 14% Russian/Polish/Slavic 4%

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: ▼ -399.00%
• Current HPI: 206.3955
• Rent YoY: ▲ 1.97%
• 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

+455.6% since first listed

6 events — show timeline

• 2026-04-14 Listed $749,999 OneKey® MLS as Distributed by MLS Grid
• 2026-04-09 Coming Soon $749,999 OneKey® MLS as Distributed by MLS Grid
• 2011-06-17 Sold (Public Records) $321,200 Public Records
• 2007-01-05 Sold (Public Records) $520,000 Public Records
• 2006-02-23 Sold (Public Records) $415,000 Public Records
• 1998-01-29 Sold (Public Records) $135,000 Public Records

Property tax history

+5.2%/yr

Latest (2025): $5,197 · -2.4% YoY. Source: county tax records.