253 Route 32 Unit 1-4 · Woodbury, NY 10917

$790,000

24 bd · 16.0 ba · 4,921 sqft · MultiFamily · 155 Days on market

Built 1950 Good condition 0.43 ac lot $161/sqft · 20% above area Est $660k · 20% over ↓ 15% since listing

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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 +22.5/30.0
• DSCR +7.2/10.0
• 1% rule +5.9/10.0
• Schools +5.0/10.0
• Condition / age +4.0/5.0
• Livability +3.3/5.0
• Rent growth +2.5/5.0
• Appreciation +1.7/10.0
• ARV discount +0.0/15.0

Multi-family units

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

Listing remarks MLS

CALLING ALL INVESTORS! Location, Location, Location!! Zoned Commercial-Residential. Must see this four-family investment property in a very desirable area. The first floor of this 2-story colonial/farmhouse style home offers two apartments. Both have 2 bedrooms, 1 bath. Apt#1 is located just inside the main entry on the left. It has a stainless-steel dishwasher and microwave, a private washer & dryer, and Granite Countertops in the unit. Apt#2 has its own private entrance around the corner of the wrap around deck. It opens to both the front porch and the backyard. Kitchen has Formica countertops. white appliances: oven/range, microwave and refrigerator. The second floor offers two apartments, each is a 1 bedroom, 1 bath unit. Apt#3 has white refrigerator, stainless steel: oven/range, microwave dishwasher, and Granite counterTops. Apt#4 has an oven/range, dishwasher, microwave and refrigerator, and Formica counterTops. The attic offers two storage spaces to rent out as additional storage space. The property offers ample private parking. The home is just a short walk to the NYC commuter Bus. Residents can enjoy restaurants, shops, and community amenities including a public pool, ball fields, and parks. Woodbury Common Premium Outlets is only 3 minutes away by car or approximately a 10-minute walk! This property's location is desirable to renters for access to Monroe/Woodbury Schools, recreation and is a commuters dream due to being located minutes from NYC buses (Co Rte. 32 & Smith Clove Rd), major highways and Metro North transportation (3.4 miles away south on Rte. 32). Residents will have access to the sought after Monroe/Woodbury school District.

Key facts

• Storage spaces
• Wrap around deck
• Private entrance

Tags

• PRIVATE WASHER AND DRYER
• PRIVATE ENTRANCE
• WRAP AROUND DECK
• STORAGE SPACES
• AMPLE PRIVATE PARKING
• SHORT WALK TO NYC COMMUTER BUS

What this means for you Summary

Snapshot

• This is a 4 × 2-bed/1-bath units multifamily listed at $790k. Condition is rated good.

Deal economics

• At list price, monthly cash flow is $1k ($16k/yr) — positive. Per door: $332/mo.
• The deal already cash-flows at list — no discount required.
• Meets the 1% rule at list price ($9k rent vs $790k).
• Recommended offer: $695k (12.0% below list) — sets the bar for market timing.
• Cap rate 8.3% vs local median 1.9% in Woodbury — 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 66/100 on livability (#663 in NY) — a middle-class / working-renter tenant base. Strengths: employment A+, housing A+, schools A-; Watch: amenities F, commute F, cost of living F.
• Monroe-Woodbury Central School District (suburban): math 50% / reading 56% proficiency, ranked #250 of 590 in NY (top 42%) — acceptable for families but not a draw, mixed tenant base, ~2y average lease; only 15% free/reduced lunch — higher-income household profile.
• Market conditions: 23 active listings in the ZIP; 1,746 units permitted in Orange County in 2024 (1,265 in 5+ unit buildings).

Forward outlook

• Local home prices are declining (-3.0%/yr); year-one equity from $5k of loan paydown is wiped out by about $24k of value loss. Plan a longer hold.

Negotiation context

• It's been on market 155 days — a 12% lower offer ($695k) is reasonable based on typical stale-listing flexibility.

Risks & watch-outs

• Watch-outs: built in 1950 — expect roof / HVAC / electrical / plumbing capex.
• Climate carrying-cost: extreme-heat days projected 8→17/yr by 2055 (HVAC capex compounding) — expect insurance premiums to compound above CPI over the hold.

Recommended offer $695,200 (12.0% below list)

Questions for the listing agent

1. It's been on market 155 days. Have you received any prior offers? Is the seller open to a 12% 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 1950 — 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 A-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. 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.
9. 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.
10. 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: 1.09% ✓
• Cap rate: 8.31%
• Cash-on-cash: 7.21%
• DSCR: 1.32
• GRM: 7.7

CMA / ARV

• ARV (median comp): $660,000
• List price: $790,000
• Delta: 19.70%
• Verdict: OVERPRICED
• Comps: 1 within 2.0 mi

Projected returns pro-forma

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

5-year hold

• IRR: -5.3%
• Equity multiple: 0.80×
• Total profit: $-43,293
• Equity at exit: $117,792

10-year hold

• IRR: 4.4%
• Equity multiple: 1.32×
• Total profit: $71,754
• Equity at exit: $68,305

Cash invested: $221,200 (down + closing). Projections, not guarantees.

Landlord ↔ Tenant lean methodology

• Overall (STATE): 15 Strongly Tenant-Friendly
• State New York: 15 Strongly Tenant-Friendly · D+10
• County: — inherits STATE
• City: — inherits STATE

NYC rent stabilization (~1M units); 2019 HSTPA strengthened tenant rights; courts deeply backlogged.

Methodology + full state rankings →

ZIP-level market 10917

• Home prices YoY: -2.6%
• Active inventory: 23
• Price-to-rent: 30.7×

Monthly cashflow live

• Estimated rent: $8,592 medium
• Mortgage (P&I): −$4,143
• Tax est. 1.5%: −$988 /mo · $11,850/yr
• Insurance: −$329
• HOA: −$0
• Vacancy / Maint / Mgmt: −$1,804
• Net cashflow: $1,328

Break-even live

Break-even rent $6,911

Max offer price $790,000

Occupancy floor 80%

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

Units	Beds	Baths	Est. rent
▸ 4× units	2	1	$8,592
Total (4 units)			$8,592

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: $197,500
• Closing costs: $23,700
• Reserves months: —
• Total cash needed: —

Listing history 18 events

1. 2026-06-18
   price $790,000 Active 155 DOM
2. 2026-06-18
   days on market $850,000 Active 155 DOM
3. 2026-06-17
   days on market $850,000 Active 154 DOM
4. 2026-06-16
   days on market $850,000 Active 153 DOM
5. 2026-06-15
   days on market $850,000 Active 152 DOM
6. 2026-06-14
   days on market $850,000 Active 150 DOM
7. 2026-06-10
   days on market $850,000 Active 147 DOM
8. 2026-06-09
   days on market $850,000 Active 146 DOM
9. 2026-06-08
   days on market $850,000 Active 145 DOM
10. 2026-06-07
    days on market $850,000 Active 144 DOM
11. 2026-06-05
    days on market $850,000 Active 141 DOM
12. 2026-06-03
    days on market $850,000 Active 140 DOM
13. 2026-06-02
    days on market $850,000 Active 139 DOM
14. 2026-06-01
    days on market $850,000 Active 138 DOM
15. 2026-05-31
    days on market $850,000 Active 137 DOM
16. 2026-05-30
    days on market $850,000 Active 136 DOM
17. 2026-03-21
    price $850,000 1688-char remark

    Show marketing remark (1688 chars)

    CALLING ALL INVESTORS! Location, Location, Location!! Zoned Commercial-Residential. Must see this four-family investment property in a very desirable area. The first floor of this 2-story colonial/farmhouse style home offers two apartments. Both have 2 bedrooms, 1 bath. Apt#1 is located just inside the main entry on the left. It has a stainless-steel dishwasher and microwave, a private washer & dryer, and Granite Countertops in the unit. Apt#2 has its own private entrance around the corner of the wrap around deck. It opens to both the front porch and the backyard. Kitchen has Formica countertops. white appliances: oven/range, microwave and refrigerator. The second floor offers two apartments, each is a 1 bedroom, 1 bath unit. Apt#3 has white refrigerator, stainless steel: oven/range, microwave dishwasher, and Granite counterTops. Apt#4 has an oven/range, dishwasher, microwave and refrigerator, and Formica counterTops. The attic offers two storage spaces to rent out as additional storage space. The property offers ample private parking. The home is just a short walk to the NYC commuter Bus. Residents can enjoy restaurants, shops, and community amenities including a public pool, ball fields, and parks. Woodbury Common Premium Outlets is only 3 minutes away by car or approximately a 10-minute walk! This property's location is desirable to renters for access to Monroe/Woodbury Schools, recreation and is a commuters dream due to being located minutes from NYC buses (Co Rte. 32 & Smith Clove Rd), major highways and Metro North transportation (3.4 miles away south on Rte. 32). Residents will have access to the sought after Monroe/Woodbury school District.

18. 2026-01-11
    listed $999,777 Active 1688-char remark

    Show marketing remark (1688 chars)

    CALLING ALL INVESTORS! Location, Location, Location!! Zoned Commercial-Residential. Must see this four-family investment property in a very desirable area. The first floor of this 2-story colonial/farmhouse style home offers two apartments. Both have 2 bedrooms, 1 bath. Apt#1 is located just inside the main entry on the left. It has a stainless-steel dishwasher and microwave, a private washer & dryer, and Granite Countertops in the unit. Apt#2 has its own private entrance around the corner of the wrap around deck. It opens to both the front porch and the backyard. Kitchen has Formica countertops. white appliances: oven/range, microwave and refrigerator. The second floor offers two apartments, each is a 1 bedroom, 1 bath unit. Apt#3 has white refrigerator, stainless steel: oven/range, microwave dishwasher, and Granite counterTops. Apt#4 has an oven/range, dishwasher, microwave and refrigerator, and Formica counterTops. The attic offers two storage spaces to rent out as additional storage space. The property offers ample private parking. The home is just a short walk to the NYC commuter Bus. Residents can enjoy restaurants, shops, and community amenities including a public pool, ball fields, and parks. Woodbury Common Premium Outlets is only 3 minutes away by car or approximately a 10-minute walk! This property's location is desirable to renters for access to Monroe/Woodbury Schools, recreation and is a commuters dream due to being located minutes from NYC buses (Co Rte. 32 & Smith Clove Rd), major highways and Metro North transportation (3.4 miles away south on Rte. 32). Residents will have access to the sought after Monroe/Woodbury school District.

ⓘ 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 3/10 Moderate
• 🌡 Heat 5/10 Major 8 d/yr ≥96°F today · 17 d/yr by 30 yrs out
• 💨 Wind 4/10 Moderate 16% chance of damaging wind over 30 yrs
• 🫁 Air quality 2/10 Low 2 unhealthy d/yr today · 2 by 30 yrs out

Taxation est. · year 1

• Rental income: $103,104
• − Mortgage interest: −$44,252
• − Property taxes: −$11,850
• − Insurance: −$3,950
• − Repairs & maintenance: −$8,248
• − Management: −$8,248
• − Depreciation: −$22,982
• Taxable income: $3,573
• Est. tax owed @ 24.0%: −$858
• After-tax cash flow: $15,080/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 · 12 photos

Good 80/100 Cosmetic rehab

This four-family investment property is in good condition with minimal repairs needed. The well-maintained exterior and interior, along with the location, make it a solid investment opportunity.

Value-add opportunities

• Both Painting — Fresh paint can enhance curb appeal and interior aesthetics
• Both Landscaping — A well-maintained lawn and landscaping can improve curb appeal and attract potential buyers
• Both Lighting — Upgrading lighting can make the home more inviting and energy-efficient

Renovation cost estimate screening

Value-add ROI direction

• Both Painting — Fresh paint can enhance curb appeal and interior aesthetics ↑
• Both Landscaping — A well-maintained lawn and landscaping can improve curb appeal and attract potential buyers ↑
• Both Lighting — Upgrading lighting can make the home more inviting and energy-efficient ↑

ⓘ Cost ranges are severity-bucket heuristics (US national rule-of-thumb). Get contractor quotes + a written scope before underwriting a rehab budget.

Schools (NCES district)

• District: Monroe-Woodbury Central School District
• NCES district ID: 3619650
• Math proficiency: 50% ▼ -17.00%
• Reading proficiency: 56% ▼ -1.00%
• Median HH income: $104,681
• Composite: 50.48/100
• National rank: #1855
• State rank: #250 of 590 in NY

Livability — Woodbury

• Score: 66/100
• State rank: #663
• US rank: #11975

Category grades

Amenities F Commute F Cost of living F Crime B- Employment A+ Housing A+ Health & safety D- User ratings B-

Schools grade is shown separately in the Schools card above.

Census & demographics

• Census place: Woodbury, NY
• City population: 9,402
• Population (ZIP): 1,575

Population outlook (Orange County) Hauer SSP2

• Today (2025): 379,830 people
• By 2030: 378,955 · -0.2%
• By 2040: 375,444 · -1.2%
• By 2050: 369,311 · -2.8%
• By 2075: 354,233 · -6.7%
• By 2100: 318,150 · -16.2%

Race, ethnicity, and origin ACS 2023

• Neighborhood character: Predominantly White (71%)
• Race & ethnicity: White 71% Hispanic / Latino 16% Asian 7% Black 4% Two or more races 2%
• Hispanic origin (detail): Mexican 12% Puerto Rican 4%
• Common ancestry: Romanian 9% Subsaharan African 2% Lithuanian 2%
• Foreign-born: 11% · Canada, China
• Languages at home: 82% English-only · Spanish 10% German/W. Germanic 6% Other Indo-European 1%

Political lean MEDSL · Orange

• 2024 margin: Lean R (+8.4) · D 45.8% · R 54.2%
• 2008→2024 swing: -12.5pp toward R · 2008: 4.1pp · 2024: -8.4pp
• All cycles: 2024: R+8.4 2020: R+0.2 2016: R+6.5 2012: D+5.2 2008: D+4.1

Not yet ingested

• Civics: —

Market trends

• HPI YoY: ▼ -6.64%
• Current HPI: 249.6109
• Rent YoY: —
• Metro: —
• 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

-15.0% since first listed

2 events — show timeline

• 2026-03-21 Price Changed $850,000 OneKey® MLS as Distributed by MLS Grid
• 2026-01-11 Listed $999,777 OneKey® MLS as Distributed by MLS Grid