None · New York, NY 10456

$799,900

None bd · None ba · 2,023 sqft · MultiFamily public records · 343 Days on market

Built 1899 2,052 sqft lot Est $797k · at est.

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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).

• Appreciation +9.3/10.0
• Cash flow +7.6/30.0
• ARV discount +7.3/15.0
• Schools +5.0/10.0
• Livability +3.8/5.0
• Rent growth +2.5/5.0
• Condition / age +2.5/5.0
• 1% rule +2.2/10.0
• DSCR +1.7/10.0

Multi-family units

County records classify this as Multi-Family (2-4 Unit). Listing-text estimate: 2 units. confirmed

Listing remarks MLS

Why RENT WHEN YOU CAN OWN this beautifully 2 family renovated home, with 4 bedrooms duplex over 2 bedrooms. This home features new kitchens and bathrooms, carpeted floors, new boiler, back yard and separate entrances to a finished basement with lots of potential. LOW TAXES. FINANCING AVAILABLE with only 3.5% down. Seller will pay closing cost

Key facts

• 2,052 sq ft lot
• Built 1899
• Listed 343 days

What this means for you Summary

Snapshot

• This is a 2 × 2-bed/?-bath units multifamily listed at $800k.

Deal economics

• At list price, monthly cash flow is $-951 ($-11k/yr) — negative. Per door: $-475/mo.
• To cash-flow at today's rent, offer at most $662k (17.2% below list).
• To meet the 1% rule (rent ≥ 1% of price), the offer needs to be $579k (27.6% below list).
• Recommended offer: $579k (27.6% below list) — sets the bar for 1% rule.
• Cap rate 4.9% 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: 52 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 $5,794/mo this rent would consume 199% of the median local household income ($35k/yr) (locally 11195% 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 $74k of equity ($6k loan paydown + $68k appreciation (8.6% local appreciation)).
• Bronx County population projected at +21% by 2050 — long-run rental-demand tailwind backs the buy-and-hold thesis.
• By year 2, paydown + projected appreciation supports a ~$118k cash-out refi (75% LTV) — recoverable capital for the next deal without selling this one.

Negotiation context

• It's been on market 343 days — a 12% lower offer ($704k) is reasonable based on typical stale-listing flexibility.
• 2 sale attempts since 17y ago; this cycle's ask has dropped $49k (6%) from the opening price — seller is motivated, your offer sets the floor, not the list.
• Current owner paid $387k; list at $800k implies a 107% gain — meaningful room to come down on a strong offer.

Risks & watch-outs

• Watch-outs: built in 1899 — 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 $579,400 (27.6% 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 343 days. Have you received any prior offers? Is the seller open to a 28% concession, seller financing, or rate buy-down credit?
3. Can we see the unit-by-unit rent roll, current vacancy, and any below-market leases? What's the average tenancy length?
4. What capital expenditures (roof, boiler, parking lot, exteriors) have been made in the last 5 years, and what's planned in the next 2?
5. Built in 1899 — when were the roof, HVAC, electrical panel, plumbing, and water heater last replaced?
6. Why hasn't it sold? Are there any deal-killer items the seller is aware of (foundation, flood, title, zoning, code violations)?
7. Is there a deadline driving the sale (1031 exchange, divorce, estate, relocation)? That informs how much negotiation room exists.
8. 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?
9. 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?
10. 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?
11. 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.
12. 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.
13. 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: 0.72% ✗
• Cap rate: 4.87%
• Cash-on-cash: -5.09%
• DSCR: 0.77
• GRM: 11.5

CMA / ARV

• ARV (on-the-fly): $797,062
• Comps found: 8

Show comp detail 8 sales within ~0.75 mi

Address	Dist	Beds/Ba	Sqft	Sold	Price	$/sf	Match
1312 Findlay Ave	0.08mi	6/5.0	2,160 (+7%)	6mo	$850,000	$394	81
1377 Teller Ave	0.09mi	8/4.0	2,200 (+9%)	6mo	$995,000	$452	76
1326 College Ave	0.12mi	5/2.0	1,800 (-11%)	3mo	$490,000	$272	74
1333 Chisholm St	0.74mi	5/4.0	2,000 (-1%)	2mo	$863,000	$432	62
620 E 168th St	0.50mi	4/2.0	2,200 (+9%)	13mo	$815,000	$370	51
368 E 173rd St	0.60mi	6/2.0	1,800 (-11%)	18mo	$775,000	$431	39
805 E 170th St	0.72mi	6/2.0	1,728 (-15%)	7mo	$482,000	$279	37
1037 Trinity Ave	0.66mi	5/2.0	1,770 (-12%)	20mo	$675,000	$381	32

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

Projected returns pro-forma

8.55% appreciation · 3.0% rent growth · sell at horizon

5-year hold

• IRR: 17.4%
• Equity multiple: 2.33×
• Total profit: $297,502
• Equity at exit: $637,971

10-year hold

• IRR: 16.5%
• Equity multiple: 5.07×
• Total profit: $910,453
• Equity at exit: $1,296,375

Cash invested: $223,972 (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 10456

• Home prices YoY: 3.0%
• Active inventory: 52
• Price-to-rent: 23.0×

Monthly cashflow live

• Estimated rent: $5,794 medium
• Mortgage (P&I): −$4,195
• Tax est. 1.5%: −$1,000 /mo · $11,998/yr
• Insurance: −$333
• HOA: −$0
• Vacancy / Maint / Mgmt: −$1,217
• Net cashflow: $-951

Break-even live

Break-even rent $6,997

Max offer price $662,337

Occupancy floor —

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

Units	Beds	Baths	Est. rent
▸ 2× units	2	—	$5,794
Total (2 units)			$5,794

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: $199,975
• Closing costs: $23,997
• Reserves months: —
• Total cash needed: —

Listing history 14 events

1. 2025-07-21
   status Pending
2. 2025-05-29
   price $799,900
3. 2024-12-12
   price $819,000
4. 2024-10-18
   price $829,000
5. 2024-08-12
   listed $849,000 Active
6. 2014-03-15
   price $386,900 346-char remark

   Show marketing remark (346 chars)

   Why RENT WHEN YOU CAN OWN this beautifully 2 family renovated home, with 4 bedrooms duplex over 2 bedrooms. This home features new kitchens and bathrooms, carpeted floors, new boiler, back yard and separate entrances to a finished basement with lots of potential. LOW TAXES. FINANCING AVAILABLE with only 3.5% down. Seller will pay closing cost

7. 2009-06-23
   soldstatus $386,900 346-char remark

   Show marketing remark (346 chars)

   Why RENT WHEN YOU CAN OWN this beautifully 2 family renovated home, with 4 bedrooms duplex over 2 bedrooms. This home features new kitchens and bathrooms, carpeted floors, new boiler, back yard and separate entrances to a finished basement with lots of potential. LOW TAXES. FINANCING AVAILABLE with only 3.5% down. Seller will pay closing cost

8. 2009-06-17
   soldstatus $392,000
9. 2009-05-09
   price $399,000 346-char remark

   Show marketing remark (346 chars)

   Why RENT WHEN YOU CAN OWN this beautifully 2 family renovated home, with 4 bedrooms duplex over 2 bedrooms. This home features new kitchens and bathrooms, carpeted floors, new boiler, back yard and separate entrances to a finished basement with lots of potential. LOW TAXES. FINANCING AVAILABLE with only 3.5% down. Seller will pay closing cost

10. 2009-03-16
    listed $399,000 346-char remark

    Show marketing remark (346 chars)

    Why RENT WHEN YOU CAN OWN this beautifully 2 family renovated home, with 4 bedrooms duplex over 2 bedrooms. This home features new kitchens and bathrooms, carpeted floors, new boiler, back yard and separate entrances to a finished basement with lots of potential. LOW TAXES. FINANCING AVAILABLE with only 3.5% down. Seller will pay closing cost

11. 2006-07-27
    soldstatus $450,000
12. 2004-06-07
    soldstatus $372,000
13. 2001-09-04
    soldstatus $187,000
14. 2001-03-12
    soldstatus $40,000

ⓘ 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 · 15 d/yr by 30 yrs out
• 💨 Wind 6/10 Major 27% chance of damaging wind over 30 yrs
• 🫁 Air quality 4/10 Moderate 5 unhealthy d/yr today · 6 by 30 yrs out

Taxation est. · year 1

• Rental income: $69,528
• − Mortgage interest: −$44,807
• − Property taxes: −$11,998
• − Insurance: −$4,000
• − Repairs & maintenance: −$5,562
• − Management: −$5,562
• − Depreciation: −$23,270
• Taxable loss: −$25,671
• Est. tax savings @ 24.0%: +$6,161
• After-tax cash flow: $-5,247/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): 87,533
• Household income: $34,954
• Rent vs Own: 93.1% rent · 6.9% own
• Severe rent burden: 11195.0

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 0.56)
• Race & ethnicity: Hispanic / Latino 52% Black 41% Two or more races 14% White 3% Native American 1%
• Hispanic origin (detail): Mexican 3% Puerto Rican 15% Dominican 26%
• Foreign-born: 30% · Canada, Jamaica
• Languages at home: 44% English-only · Spanish 44% French/Haitian/Cajun 3% 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: ▲ 8.55%
• Current HPI: 293.766
• 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

+1899.7% since first listed

14 events — show timeline

• 2025-07-21 Pending — OneKey® MLS as Distributed by MLS Grid
• 2025-05-29 Price Changed $799,900 OneKey® MLS as Distributed by MLS Grid
• 2024-12-12 Price Changed $819,000 OneKey® MLS as Distributed by MLS Grid
• 2024-10-18 Price Changed $829,000 OneKey® MLS as Distributed by MLS Grid
• 2024-08-12 Listed $849,000 OneKey® MLS as Distributed by MLS Grid
• 2014-03-15 Price Changed $386,900 HGMLS
• 2009-06-23 Sold (MLS) $386,900 HGMLS
• 2009-06-17 Sold (Public Records) $392,000 Public Records
• 2009-05-09 Price Changed $399,000 HGMLS
• 2009-03-16 Listed $399,000 HGMLS
• 2006-07-27 Sold (Public Records) $450,000 Public Records
• 2004-06-07 Sold (Public Records) $372,000 Public Records
• 2001-09-04 Sold (Public Records) $187,000 Public Records
• 2001-03-12 Sold (Public Records) $40,000 Public Records

Property tax history

-1.5%/yr

Latest (2025): $1,311 · +2.8% YoY. Source: county tax records.