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320 61 St 6-Plex
A- Composite 81.9
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
  • DSCR +10.0/10.0
  • 1% rule +9.0/10.0
  • Appreciation +7.8/10.0
  • ARV discount +7.5/15.0
  • Schools +6.1/10.0
  • Rent growth +5.0/5.0
  • Livability +3.8/5.0
  • Condition / age +2.8/5.0

$1,095,000

320 61 St · New York, NY 11220
14 bd · 6.0 ba · 5,100 sqft · MultiFamily public records · 96 Days on market
Built 1911 Average condition 2,048 sqft lot $215/sqft · 56% below area

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

Multi-family units

County records classify this as Multi-Family (5+ Unit). Listing-text estimate: 6 units. confirmed

5+ unit building — per-unit beds/baths from public records are typically unavailable; the breakdown below (if shown) is an estimate from the listing text.

Listing remarks

THE HEART OF SUNSET PARK IS WHERE YOU'LL FIND THIS INCREDIBLE INVESTMENT OPPORTUNITY- AN EXTRA-LARGE SOLID SEMI-DETACHED BRICK CORNER 6 FAMILY BUILDING, IN A MOST DESIRABLE & CONVENIENT LOCATION- CLOSE TO ALL TRANSPORTATION & SHOPPING. .. THIS 6 FAMILY PROPERTY IS IN WELL-MAINTAINED, AND FEATURES: A FULL FINISHED BASEMENT WITH SEPARATE FRONT ENTRANCE, HARDWOOD FLOORS THROUGHOUT, BIG BACKYARD, AND MUCH MORE- A MUST SEE TO APPRECIATE PROPERTY. .. DON'T MISS OUT ON THIS OUTSTANDING OPPORTUNITY TO OWN A PRIME PIECE OF REAL ESTATE IN ONE OF BROOKLYN'S MOST SOUGHT-AFTER NEIGBORHOODS. ..

Key facts

  • Big backyard
  • Hardwood floors
  • 2,048 sq ft lot

Tags

FULL FINISHED BASEMENTSEPARATE FRONT ENTRANCEHARDWOOD FLOORSBIG BACKYARD

Neighborhood map

Property Rental comp Retail Costco Walmart Transit Schools Stadiums Fortune 500 · Circle radius: 6.0 mi
Loading POIs…

What this means for you Summary

Snapshot

  • This is a 6 × 2-bed/1.0-bath units multifamily listed at $1.09M. Condition is rated average.
  • This rent per unit runs 44% of the median local income ($70k/yr) — at the standard rent-burdened threshold; future hikes will face affordability resistance.

Deal economics

  • At list price, monthly cash flow is $5k ($56k/yr) — positive. Per door: $773/mo.
  • The deal already cash-flows at list — no discount required.
  • Meets the 1% rule at list price ($15k rent vs $1.09M).
  • Recommended offer: $996k (9.0% below list) — sets the bar for market timing.
  • Cap rate 11.4% 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 227 Edward B Shallow (math 45% / reading 52%, grade C-, #300 of 729 statewide, top 41%, 1,367 students, 88% 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 (+11.0%/yr); 344 active listings in the ZIP; 10,063 units permitted in Kings County in 2024 (9,789 in 5+ unit buildings).

Forward outlook

  • In year one you build about $69k of equity ($8k loan paydown + $62k appreciation (5.6% local appreciation)).
  • Kings County population projected at +13% by 2050 — modest demand growth; plan on rents tracking national, not racing it.
  • At projected returns (5.6% appreciation + 8.0% rent growth), your $307k cash investment doubles in ~3 years — after that, you're playing with house money.
  • By year 2, paydown + projected appreciation supports a ~$111k cash-out refi (75% LTV) — recoverable capital for the next deal without selling this one.

Negotiation context

  • It's been on market 96 days — a 9% lower offer ($996k) is reasonable based on typical stale-listing flexibility.
  • Current owner paid $325k; list at $1.09M implies a 237% gain — meaningful room to come down on a strong offer.

Risks & watch-outs

  • Watch-outs: built in 1911 — expect roof / HVAC / electrical / plumbing capex.
  • Climate carrying-cost: major wind risk, 62% 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 $996,450 (9.0% below list)

Questions for the listing agent

  1. It's been on market 96 days. Have you received any prior offers? Is the seller open to a 9% concession, seller financing, or rate buy-down credit?
  2. Can we see the unit-by-unit rent roll, current vacancy, and any below-market leases? What's the average tenancy length?
  3. What capital expenditures (roof, boiler, parking lot, exteriors) have been made in the last 5 years, and what's planned in the next 2?
  4. Built in 1911 — when were the roof, HVAC, electrical panel, plumbing, and water heater last replaced?
  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. 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.
  10. 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.
  11. 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
1.40%
Cap rate
11.38%
Cash-on-cash
18.15%
DSCR
1.81
GRM
5.9

CMA / ARV

ARV (median comp)
$2,480,672
List price
$1,095,000
Delta
-55.66%
Verdict
UNDERPRICED
Comps
20 within 1.0 mi
Show comp detail 12 sales within ~0.75 mi
Address Dist Beds/Ba Sqft Sold Price $/sf Match
352 63rd St 0.11mi 12/6.0 (-2) 5,549 (+9%) 12mo $1,380,000 $249 60
618 67th St 0.55mi 12/6.0 (-2) 5,232 (+3%) 4mo $1,450,000 $277 57
6008 4th Ave 0.10mi 12/6.0 (-2) 4,455 (-13%) 28mo $1,350,000 $303 44
531 51 St 0.61mi 15/6.5 (+1) 3,937 (-23%) 0mo $2,100,000 $533 39
543 49th St 0.71mi 16/8.0 (+2) 6,348 (+24%) 5mo $1,480,000 $233 20
325 37th St 1.21mi 14/7.0 3,650 (-28%) 19mo $1,280,000 $351 20
761 43rd St 1.13mi 14/4.0 4,000 (-22%) 16mo $2,220,000 $555 18
839 57th St 0.81mi 16/7.0 (+2) 6,105 (+20%) 15mo $3,700,000 $606 14
844 44th St 1.15mi 12/5.0 (-2) 3,750 (-26%) 16mo $2,265,000 $604 13
891 4th Ave 1.38mi 12/6.0 (-2) 4,000 (-22%) 29mo $975,000 $244 10
7113 8th Ave 0.88mi 12/5.0 (-2) 3,774 (-26%) 25mo $1,900,000 $503 6
1694 64 St St 2.05mi 12/3.0 (-2) 4,140 (-19%) 18mo $2,150,000 $519 5

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

Projected returns pro-forma

5.63% appreciation · 8.0% rent growth · sell at horizon

5-year hold
IRR
33.0%
Equity multiple
3.18×
Total profit
$669,100
Equity at exit
$663,133
10-year hold
IRR
33.3%
Equity multiple
7.34×
Total profit
$1,945,030
Equity at exit
$1,181,364

Cash invested: $306,600 (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.
Buyer's market Market conditions within 1.0 mi — comparable homes for sale

Active competition Active MLS

For sale now
5 active · 2 under contract
Months of supply
30.0 mo (3%/mo absorbed)
Median asking
$1,980,000 ($433/sqft)
Median days on market
145 d
This list price
lowest-priced of the active set
ARV vs active asking
+12.4% above current asking $/sqft

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

ZIP-level market 11220

Home prices YoY
2.5%
Rents YoY
11.0%
Active inventory
344
Price-to-rent
35.7×

Monthly cashflow live

Estimated rent
$15,338 medium interval (Pro) →
Mortgage (P&I)
$5,742
Tax from tax record
$1,280 /mo · $15,359/yr
Insurance
$456
HOA
$0
Vacancy / Maint / Mgmt
$3,221
Net cashflow
$4,639

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

UnitsBedsBathsEst. rent
Total (6 units) $15,338

Break-even live

Break-even rent $9,466
Max offer price $1,095,000
Occupancy floor 65%

Sensitivity live

Price -10% $5,258 -5% $4,948 +0% $4,639 +5% $4,329 +10% $4,019
Rent -10% $3,427 -5% $4,033 +0% $4,639 +5% $5,244 +10% $5,850
Rate -1.0pp $5,190 -0.5pp $4,917 base $4,639 +0.5pp $4,355 +1.0pp $4,066

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
$273,750
Closing costs
$32,850
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 10 comps

AddressBedsBaths SqftRent$/sqft DOM Units Dist
258 Senator St Unit 2fl Brooklyn, NY 3.0 1.0 $3,800 120d 1 0.38mi
253 51st St Brooklyn, NY 2.0 1.0 $2,700 120d 1 0.54mi
6717 6th Ave Unit 2 Brooklyn, NY 1.0 1.0 700 $2,200 $3.14 114d 1 0.55mi
8614 3rd Ave Unit 2 Brooklyn, NY 3.0 1.0 $3,000 120d 1 1.35mi
8614 3rd Ave Unit C3 Brooklyn, NY 1.0 1.0 $1,900 117d 1 1.35mi
8614 3rd Ave Unit 2 Brooklyn, NY 2.0 1.0 $2,300 112d 1 1.35mi
8614 3rd Ave Unit 3 Brooklyn, NY 2.0 1.0 $2,600 40d 1 1.35mi
8617 3rd Ave Unit 3 Brooklyn, NY 1.0 1.0 $3,200 120d 1 1.36mi
518 86th St Fl 2 Brooklyn, NY 1.0 1.0 4950 $2,700 $0.55 26d 1 1.40mi
518 86th St Unit 3 Brooklyn, NY 2.0 1.0 4950 $3,000 $0.61 39d 1 1.40mi

Property features AI

Finance

Other
Six-unit multifamily property (6 units total)
Financial info
Financing options may include exchange, bank mortgage, or cash

Exterior

Parking
Street parking
Utilities
110V electricGas hot water and heating
Home design
Semi-detached buildingResidential property3-story layout (units span three levels)Zoned R6A
Construction
Brick constructionFlat roofPoured concrete foundationBuilding footprint approximately 68 x 25
Exterior features
Back yardBrick exterior

Interior

Kitchen
RefrigeratorStove
Bedrooms
Five bedrooms on level 1Five bedrooms on level 2Four bedrooms on level 3
Flooring
Ceramic floorsHardwood floorsTile floors
Bathrooms
Six full bathrooms (2 on each level)
Heating & cooling
Steam/radiator heatHot water heated by gas
Interior features
RefrigeratorStoveFinished full basement with separate entrance
Laundry & utility
No window AC units reported

Listing history 50 events

  1. 2026-09-22
    days on market $1,095,000 Active 96 DOM
  2. 2026-09-21
    days on market $1,095,000 Active 95 DOM
  3. 2026-09-20
    days on market $1,095,000 Active 94 DOM
  4. 2026-09-18
    pricedays on market $1,095,000 Active 92 DOM
  5. 2026-09-17
    days on market $1,100,000 Active 91 DOM
  6. 2026-09-16
    pricedays on market $1,100,000 Active 90 DOM
  7. 2026-09-15
    days on market $1,125,000 Active 89 DOM
  8. 2026-09-14
    days on market $1,125,000 Active 88 DOM
  9. 2026-09-13
    pricedays on market $1,125,000 Active 87 DOM
  10. 2026-09-12
    pricedays on market $1,149,000 Active 86 DOM
  11. 2026-09-06
    pricedays on market $1,150,000 Active 79 DOM
  12. 2026-09-04
    days on market $1,175,000 Active 78 DOM
  13. 2026-08-31
    days on market $1,175,000 Active 74 DOM
  14. 2026-08-29
    days on market $1,175,000 Active 72 DOM
  15. 2026-08-28
    price $1,175,000 Active 71 DOM
  16. 2026-08-28
    days on market $1,188,000 Active 71 DOM
  17. 2026-08-27
    days on market $1,188,000 Active 70 DOM
  18. 2026-08-25
    days on market $1,188,000 Active 68 DOM
  19. 2026-08-24
    days on market $1,188,000 Active 67 DOM
  20. 2026-08-23
    days on market $1,188,000 Active 66 DOM
  21. 2026-08-22
    days on market $1,188,000 Active 65 DOM
  22. 2026-08-21
    days on market $1,188,000 Active 64 DOM
  23. 2026-08-20
    price $1,188,000 Active 63 DOM
  24. 2026-08-20
    days on market $1,195,000 Active 63 DOM
  25. 2026-08-19
    days on market $1,195,000 Active 62 DOM
  26. 2026-08-17
    days on market $1,195,000 Active 60 DOM
  27. 2026-08-16
    days on market $1,195,000 Active 59 DOM
  28. 2026-08-15
    pricedays on market $1,195,000 Active 57 DOM
  29. 2026-08-13
    days on market $1,199,000 Active 56 DOM
  30. 2026-08-11
    days on market $1,199,000 Active 54 DOM
  31. 2026-08-10
    days on market $1,199,000 Active 53 DOM
  32. 2026-08-09
    days on market $1,199,000 Active 52 DOM
  33. 2026-08-06
    days on market $1,199,000 Active 49 DOM
  34. 2026-08-05
    days on market $1,199,000 Active 48 DOM
  35. 2026-08-04
    days on market $1,199,000 Active 47 DOM
  36. 2026-08-03
    days on market $1,199,000 Active 46 DOM
  37. 2026-07-31
    days on market $1,199,000 Active 43 DOM
  38. 2026-07-30
    days on market $1,199,000 Active 42 DOM
  39. 2026-07-30
    days on market $1,199,000 Active 41 DOM
  40. 2026-07-26
    days on market $1,199,000 Active 38 DOM
  41. 2026-07-24
    days on market $1,199,000 Active 36 DOM
  42. 2026-07-23
    days on market $1,199,000 Active 35 DOM
  43. 2026-07-22
    days on market $1,199,000 Active 34 DOM
  44. 2026-07-21
    days on market $1,199,000 Active 33 DOM
  45. 2026-07-20
    days on market $1,199,000 Active 32 DOM
  46. 2026-07-18
    days on market $1,199,000 Active 30 DOM
  47. 2026-07-18
    days on market $1,199,000 Active 29 DOM
  48. 2026-07-16
    days on market $1,199,000 Active 28 DOM
  49. 2026-07-15
    pricedays on market $1,199,000 Active 27 DOM
  50. 2026-07-14
    days on market $1,299,000 Active 26 DOM

ⓘ 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
$15,359 · $1,280/mo
Projected year-2 tax
$16,932 · $1,411/mo
Expected delta
+$1,573/yr (+$131/mo · 10.2%)

ⓘ 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 ≥97°F today · 16 d/yr by 30 yrs out
  • 💨 Wind 6/10 Major 62% chance of damaging wind over 30 yrs
  • 🫁 Air quality 4/10 Moderate 5 unhealthy d/yr today · 7 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
$184,056
− Mortgage interest
−$61,337
− Property taxes
−$15,359
− Insurance
−$5,475
− Repairs & maintenance
−$14,724
− Management
−$14,724
− Depreciation
−$31,855
Taxable income
$40,581
combined federal + state — saved on this device
Est. tax owed @ 24.0%
−$9,739
After-tax cash flow
$45,923/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 · 1 photo

Average 55/100 Moderate rehab Est. rehab $127,500–$229,500 screening

This 6-family brick building in Sunset Park requires moderate repairs and maintenance, with the highest ROI coming from exterior painting and roof inspection to enhance curb appeal and ensure structural integrity.

Deferred maintenance Est. $30,000–$90,000 screening

  • Major Roof (roof) — The roof appears to be old and possibly leaking, as evidenced by the dampness on the building facade.
  • Major Windows (windows) — The windows seem to be old and possibly in need of replacement, as they appear to be in a state of disrepair.
  • Major Exterior (exterior) — The exterior of the building shows signs of wear and tear, with visible damage and potential structural issues.

Repairs flagged

  • Minor Exterior paint — Slight discoloration
  • Minor Roof inspection — No visible damage

Value-add opportunities

  • Both Paint exterior — Enhances curb appeal and value
  • Both Roof inspection — Ensures structural integrity and value

ⓘ Rehab cost is a screening estimate — Moderate 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.

C Composite school gradezoned avg 61/100

Zoned Schools

Elementary Ps 506 School Of Journalism And Technology (The) F NY #1,277/2,108 Nat'l #16,061/41,679 Middle Jhs 227 Edward B Shallow C- NY #300/729 Nat'l #3,846/14,009 High Fort Hamilton High School A+ NY #265/1,100 Nat'l #453/17,239

Schools (NCES district)

No district data.

B Composite livability gradescore 75/100

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
Kings County · 2,847,441 people
City population
7,731,280
Metro
New York-Newark-Jersey City, NY-NJ-PA
Population (ZIP)
90,652
Household income
$69,883
Rent vs Own
73.3% rent · 26.7% own
Severe rent burden
14% of renters

Population outlook (Kings County) Hauer SSP2

Today (2025)
2,847,441 people
By 2030
2,937,006 · +3.1%
By 2040
3,095,491 · +8.7%
By 2050
3,228,968 · +13.4%
By 2075
3,321,723 · +16.7%
By 2100
3,111,387 · +9.3%

Race, ethnicity, and origin ACS 2023

Neighborhood character
Diverse neighborhood (Simpson 0.65)
Race & ethnicity
Asian 40% Hispanic / Latino 40% White 16% Two or more races 7% Black 2% Native American 2%
Hispanic origin (detail)
Mexican 17% Puerto Rican 8% Dominican 5%
Common ancestry
Romanian 1% Scotch-Irish 1% Subsaharan African 1%
Foreign-born
52% · China, Canada, Jamaica
Languages at home
20% English-only · Spanish 35% Chinese 35% Arabic 3%

Political lean MEDSL · Kings

2024 margin
Solid D (+44.0) · D 72.0% · R 28.0%
2008→2024 swing
-15.5pp toward R · 2008: 59.4pp · 2024: 44.0pp
All cycles
2024: D+44.0 2020: D+54.8 2016: D+61.8 2012: D+63.9 2008: D+59.4

Not yet ingested

Civics

Price history

+268.9% since first listed
23 events — show timeline
  • 2026-07-14 Price Changed $1,199,000 BNYMLS
  • 2026-07-01 Price Changed $1,299,000 BNYMLS
  • 2026-06-16 Listed $1,399,000 BNYMLS
  • 2025-01-14 Price Changed $1,350,000 BNYMLS
  • 2024-10-09 Price Changed $1,195,000 BNYMLS
  • 2024-09-03 Price Changed $995,000 BNYMLS
  • 2024-07-24 Price Changed $1,050,000 BNYMLS
  • 2024-06-13 Price Changed $1,075,000 BNYMLS
  • 2024-04-25 Price Changed $1,095,000 BNYMLS
  • 2024-03-25 Price Changed $1,150,000 BNYMLS
  • 2023-12-12 Price Changed $1,195,000 BNYMLS
  • 2023-11-15 Price Changed $1,249,000 BNYMLS
  • 2023-10-13 Price Changed $1,295,000 BNYMLS
  • 2023-09-28 Price Changed $1,325,000 BNYMLS
  • 2023-09-27 Price Changed $1,349,000 BNYMLS
  • 2023-09-14 Price Changed $1,375,000 BNYMLS
  • 2023-09-07 Price Changed $1,395,000 BNYMLS
  • 2023-08-15 Price Changed $1,450,000 BNYMLS
  • 2023-08-06 Price Changed $1,495,000 BNYMLS
  • 2023-07-28 Price Changed $1,549,000 BNYMLS
  • 2023-07-25 Price Changed $1,575,000 BNYMLS
  • 2001-12-13 Sold (Public Records) $325,000 Public Records
  • 2001-12-13 Sold (Public Records) $325,000 Public Records

Property tax history

+5.4%/yr

Latest (2024): $15,359 · +10.1% YoY. Source: county tax records.

Cash-flow waterfall

monthly

Sold comps — $/sqft

last 12 mo · ≤1 mi

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