210 W 179th St · New York, NY 10453

$2,200,000

9 bd · 2.0 ba · 4,065 sqft · MultiFamily public records · 86 Days on market

Built 1910 7,000 sqft lot

---

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 +18.9/30.0
• Appreciation +10.0/10.0
• ARV discount +7.5/15.0
• DSCR +6.0/10.0
• Schools +5.0/10.0
• 1% rule +3.8/10.0
• Livability +3.8/5.0
• Rent growth +2.5/5.0
• Condition / age +2.5/5.0

Multi-family units

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

Listing remarks MLS

Amazing Opportunity to own this Brick Fully Detached Multi family home with oversized corner lot. 70 x 100 lot size, great development opportunity, features a private driveway for parking over 20 cars, 1 car garage detached, offering a spacious 4 Bedroom 1 Full Bath apartment over a large 3 Bedroom 1 Full bath apartment over a very spacious finished walkout basement with a separate entrance.

Key facts

• Oversized corner lot
• Private driveway
• Brick fully detached

Tags

• BRICK FULLY DETACHED
• OVERSIZED CORNER LOT
• PRIVATE DRIVEWAY
• DETACHED GARAGE
• FINISHED WALKOUT BASEMENT

Property features AI

Exterior

• Parking: Driveway; Garage with 1 garage space; No carport
• Utilities: Public sewer; Electricity available
• Home design: Duplex
• Construction: Brick construction
• Exterior features: Brick exterior; Not waterfront

Interior

• Bedrooms: One 2-bedroom unit; One 3-bedroom unit; One 4-bedroom unit
• Bathrooms: Two full bathrooms
• Heating & cooling: Oil heating; No central cooling
• Interior features: Storage; Finished full walk-out basement

What this means for you Summary

Snapshot

• This is a 9-bed/2.0-bath multifamily listed at $2.20M.

Deal economics

• At list price, monthly cash flow is $2k ($27k/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 $1.93M (12.4% below list).
• Recommended offer: $1.93M (12.4% below list) — sets the bar for 1% rule.
• Cap rate 7.5% 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: 34 active listings in the ZIP; lower-income renter base — watch delinquency; 6,929 units permitted in Bronx County in 2024 (6,829 in 5+ unit buildings).
• At $19,264/mo this rent would consume 697% of the median local household income ($33k/yr) (locally 10286% of renters already pay >50% of income on rent) — very limited rent-growth headroom before tenants either downsize or default.

Forward outlook

• In year one you build about $235k of equity ($15k loan paydown + $220k appreciation (10.0% local appreciation)).
• Bronx County population projected at +21% by 2050 — long-run rental-demand tailwind backs the buy-and-hold thesis.
• At projected returns (10.0% appreciation + 3.0% rent growth), your $616k cash investment doubles in ~3 years — after that, you're playing with house money.
• By year 2, paydown + projected appreciation supports a ~$378k cash-out refi (75% LTV) — recoverable capital for the next deal without selling this one.

Negotiation context

• It's been on market 86 days — a 6% lower offer ($2.07M) is reasonable based on typical stale-listing flexibility.
• 3 sale attempts since 8y 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 $781k; list at $2.20M implies a 182% gain — meaningful room to come down on a strong offer.

Risks & watch-outs

• Watch-outs: built in 1910 — expect roof / HVAC / electrical / plumbing capex.
• Climate carrying-cost: 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 $1,926,400 (12.4% below list)

Questions for the listing agent

1. It's been on market 86 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 1910 — 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: 0.88% ✗
• Cap rate: 7.52%
• Cash-on-cash: 4.39%
• DSCR: 1.20
• GRM: 9.5

CMA / ARV

• ARV (on-the-fly): $1,085,355
• Comps found: 2

Show comp detail 2 sales within ~0.75 mi

Address	Dist	Beds/Ba	Sqft	Sold	Price	$/sf	Match
1844 Andrews Ave	0.23mi	9/5.0	4,312 (+6%)	12mo	$1,150,000	$267	57
1830 Andrews Ave	0.25mi	8/3.0 (-1)	4,312 (+6%)	20mo	$910,000	$211	53

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

Projected returns pro-forma

10.0% appreciation · 3.0% rent growth · sell at horizon

5-year hold

• IRR: 27.4%
• Equity multiple: 3.18×
• Total profit: $1,340,596
• Equity at exit: $1,981,934

10-year hold

• IRR: 23.9%
• Equity multiple: 7.22×
• Total profit: $3,832,828
• Equity at exit: $4,274,116

Cash invested: $616,000 (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 10453

• Home prices YoY: 4.2%
• Active inventory: 34
• Price-to-rent: 37.6×

Monthly cashflow live

• Estimated rent: $19,264 medium
• Mortgage (P&I): −$11,537
• Tax from tax record: −$512 /mo · $6,141/yr
• Insurance: −$917
• HOA: −$0
• Vacancy / Maint / Mgmt: −$4,045
• Net cashflow: $2,253

Break-even live

Break-even rent $16,412

Max offer price $2,200,000

Occupancy floor 83%

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

Units	Beds	Baths	Est. rent
▸ 2× units	3	1	$9,760
▸ 2× units	4	1	$9,504
Total (4 units)			$19,264

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: $550,000
• Closing costs: $66,000
• Reserves months: —
• Total cash needed: —

Listing history 17 events

1. 2026-06-18
   days on market $2,200,000 Active 86 DOM
2. 2026-06-17
   days on market $2,200,000 Active 85 DOM
3. 2026-06-15
   days on market $2,200,000 Active 83 DOM
4. 2026-06-13
   days on market $2,200,000 Active 81 DOM
5. 2026-06-10
   days on market $2,200,000 Active 77 DOM
6. 2026-06-08
   days on market $2,200,000 Active 76 DOM
7. 2026-06-08
   days on market $2,200,000 Active 75 DOM
8. 2026-06-04
   days on market $2,200,000 Active 72 DOM
9. 2026-06-03
   days on market $2,200,000 Active 71 DOM
10. 2026-06-01
    days on market $2,200,000 Active 69 DOM
11. 2026-05-31
    days on market $2,200,000 Active 68 DOM
12. 2026-03-24
    listed $2,200,000 Active

    Show marketing remark (394 chars)

    Amazing Opportunity to own this Brick Fully Detached Multi family home with oversized corner lot. 70 x 100 lot size, great development opportunity, features a private driveway for parking over 20 cars, 1 car garage detached, offering a spacious 4 Bedroom 1 Full Bath apartment over a large 3 Bedroom 1 Full bath apartment over a very spacious finished walkout basement with a separate entrance.

13. 2026-03-24
    listed $2,200,000 Active 394-char remark

    Show marketing remark (394 chars)

    Amazing Opportunity to own this Brick Fully Detached Multi family home with oversized corner lot. 70 x 100 lot size, great development opportunity, features a private driveway for parking over 20 cars, 1 car garage detached, offering a spacious 4 Bedroom 1 Full Bath apartment over a large 3 Bedroom 1 Full bath apartment over a very spacious finished walkout basement with a separate entrance.

14. 2018-11-07
    soldstatus $781,000
15. 2018-10-03
    soldstatus $781,000 Sold 873-char remark

    Show marketing remark (873 chars)

    University Heights 2 Family Full Detached Brick corner property 3/3/finished basement (studio) w/2 Car Garage with additional lot. The 1st floor has been Newly remodeled. Features a large Kitchen w/ beautiful custom quartz counter tops & custom cabinets with top of the line stainless steel appliances. 3 Large Wonderful bedrooms! Master Bedroom features a half bathroom with marble tiling. Large open concept living room with a formal dining room fit to entertain family & friends. Top floor has 3 Brms 1 bath. Tenant occupied. This property has a full finished basement. Has a large studio w/ separate entrance. Basement also has Storage. Two car Garage with a huge driveway. The adjacent lot features a beautiful garden. 44X100 lot R5 zoning. A must see! ***ACCEPTED OFFER**** Additional Information: HeatingFuel:Oil Above Ground,ParkingFeatures:2 Car Detached,

16. 2018-08-21
    historical Pending 873-char remark

    Show marketing remark (873 chars)

    University Heights 2 Family Full Detached Brick corner property 3/3/finished basement (studio) w/2 Car Garage with additional lot. The 1st floor has been Newly remodeled. Features a large Kitchen w/ beautiful custom quartz counter tops & custom cabinets with top of the line stainless steel appliances. 3 Large Wonderful bedrooms! Master Bedroom features a half bathroom with marble tiling. Large open concept living room with a formal dining room fit to entertain family & friends. Top floor has 3 Brms 1 bath. Tenant occupied. This property has a full finished basement. Has a large studio w/ separate entrance. Basement also has Storage. Two car Garage with a huge driveway. The adjacent lot features a beautiful garden. 44X100 lot R5 zoning. A must see! ***ACCEPTED OFFER**** Additional Information: HeatingFuel:Oil Above Ground,ParkingFeatures:2 Car Detached,

17. 2018-07-27
    listed $769,000 Active 873-char remark

    Show marketing remark (873 chars)

    University Heights 2 Family Full Detached Brick corner property 3/3/finished basement (studio) w/2 Car Garage with additional lot. The 1st floor has been Newly remodeled. Features a large Kitchen w/ beautiful custom quartz counter tops & custom cabinets with top of the line stainless steel appliances. 3 Large Wonderful bedrooms! Master Bedroom features a half bathroom with marble tiling. Large open concept living room with a formal dining room fit to entertain family & friends. Top floor has 3 Brms 1 bath. Tenant occupied. This property has a full finished basement. Has a large studio w/ separate entrance. Basement also has Storage. Two car Garage with a huge driveway. The adjacent lot features a beautiful garden. 44X100 lot R5 zoning. A must see! ***ACCEPTED OFFER**** Additional Information: HeatingFuel:Oil Above Ground,ParkingFeatures:2 Car Detached,

ⓘ 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: $6,141 · $512/mo
• Projected year-2 tax: $21,660 · $1,805/mo
• Expected delta: +$15,520/yr (+$1,293/mo · 252.7%)

ⓘ 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 6/10 Major 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: $231,168
• − Mortgage interest: −$123,234
• − Property taxes: −$6,141
• − Insurance: −$11,000
• − Repairs & maintenance: −$18,493
• − Management: −$18,493
• − Depreciation: −$64,000
• Taxable loss: −$10,194
• Est. tax savings @ 24.0%: +$2,447
• After-tax cash flow: $29,484/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): 76,282
• Household income: $33,186
• Rent vs Own: 95.2% rent · 4.8% own
• Severe rent burden: 10286.0

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: Predominantly Hispanic (67%)
• Race & ethnicity: Hispanic / Latino 67% Black 26% Two or more races 17% White 2% Native American 2% Asian 1%
• Hispanic origin (detail): Mexican 4% Puerto Rican 13% Dominican 41%
• Foreign-born: 44% · Canada, United Kingdom, Jamaica
• Languages at home: 32% English-only · Spanish 58% French/Haitian/Cajun 2% Other Indo-European 1%

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: ▲ 14.52%
• Current HPI: 361.6961
• Rent YoY: —
• 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

+186.1% since first listed

6 events — show timeline

• 2026-03-24 Listed $2,200,000 OneKey® MLS as Distributed by MLS Grid
• 2026-03-24 Listed $2,200,000 OneKey® MLS as Distributed by MLS Grid
• 2018-11-07 Sold (Public Records) $781,000 Public Records
• 2018-10-03 Sold (MLS) $781,000 OneKey® MLS as Distributed by MLS Grid
• 2018-08-21 Contingent — OneKey® MLS as Distributed by MLS Grid
• 2018-07-27 Listed $769,000 OneKey® MLS as Distributed by MLS Grid

Property tax history

+6.2%/yr

Latest (2025): $6,141 · +14.0% YoY. Source: county tax records.