83-30 Vietor Ave #413 · New York, NY 11373

$319,000

1 bd · 1.0 ba · 1,050 sqft · Condo · 123 Days on market

Built 1963 ↓ 18% since listing

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Why this score? — see what drove the F 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).

• ARV discount +7.5/15.0
• Schools +5.0/10.0
• Appreciation +4.5/10.0
• Rent growth +4.3/5.0
• Livability +3.8/5.0
• 1% rule +3.0/10.0
• Condition / age +2.5/5.0
• Cash flow +1.5/30.0
• DSCR +0.0/10.0

Listing remarks

Located in the heart of Elmhurst, this extra-large Jr. 4 apartment (approximately 1,050 sq. ft. ) offers excellent condition and an ideal location. The home is filled with abundant natural light, and all utilities are included except electricity. Conveniently situated within walking distance to Queens Center Mall, M, R, and 7 trains, buses, restaurants, library, and supermarket. Mint condition throughout. Convenient to all—must see!

Key facts

• M r and 7 trains
• Excellent condition
• Mint condition

Tags

• ABUNDANT NATURAL LIGHT
• M R AND 7 TRAINS
• EXCELLENT CONDITION
• MINT CONDITION

Property features AI

Finance

• HOA & community: Association present; Association covers cable TV, exterior maintenance, heat, sewer, snow removal, trash and water, plus other services

Exterior

• Parking: Garage; On-street parking (availability may be waitlist)
• Utilities: Public sewer; Private trash collection
• Home design: Stock cooperative; 7-story building; Entry on 4th level
• Construction: Brick construction
• Exterior features: Brick construction; Not waterfront

Interior

• Kitchen: Refrigerator
• Bedrooms: Total of 4 rooms
• Bathrooms: 1 full bathroom
• Heating & cooling: Natural gas heating; Steam heat
• Interior features: Eat-in kitchen; No central cooling
• Laundry & utility: Washer; Gas water heater; Laundry listed as 'Other'

What this means for you Summary

Snapshot

• This is a 1-bed/1.0-bath condo listed at $319k.

Deal economics

• At list price, monthly cash flow is $-1k ($-15k/yr) — negative.
• To cash-flow at today's rent, offer at most $291k (8.7% below list).
• To meet the 1% rule (rent ≥ 1% of price), the offer needs to be $255k (20.2% below list).
• Recommended offer: $255k (20.2% below list) — sets the bar for 1% rule.
• Cap rate 1.6% vs local median 2.6% in New York — below-typical yield; the buyer is paying a premium for something (appreciation thesis, condition, location) that the cap rate doesn't capture.

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: Ps 7 Louis F Simeone (math 49% / reading 54%, grade C-, #1,041 of 2,108 statewide, top 50%, 1,200 students, 83% FRL); Is 227 Louis Armstrong (math 52% / reading 69%, grade B+, #153 of 729 statewide, top 21%, 1,528 students, 68% 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 (+7.2%/yr); 270 active listings in the ZIP; 24 comparable units currently listed for rent nearby; rentals at typical pace (median 20d on market — plan ~3-4 weeks tenant-placement turnaround); 5,302 units permitted in Queens County in 2024 (4,918 in 5+ unit buildings).
• This rent runs 43% of the median local income ($71k/yr) — at the standard rent-burdened threshold; future hikes will face affordability resistance.

Forward outlook

• Local home prices are declining (-1.0%/yr); year-one equity from $2k of loan paydown is wiped out by about $3k 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 123 days — a 12% lower offer ($281k) is reasonable based on typical stale-listing flexibility.
• 3 sale attempts since 3y 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.

Risks & watch-outs

• Watch-outs: HOA is 41% of rent.
• Climate carrying-cost: major wind risk, 27% chance of damaging wind over 30y; extreme-heat days projected 7→14/yr by 2055 (HVAC capex compounding) — expect insurance premiums to compound above CPI over the hold.

Recommended offer $254,692 (20.2% 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 123 days. Have you received any prior offers? Is the seller open to a 20% concession, seller financing, or rate buy-down credit?
3. Built in 1963 — when were the roof, HVAC, electrical panel, plumbing, and water heater last replaced?
4. What does the HOA fee cover, when was the last increase, and are there any pending special assessments or reserve-fund shortfalls?
5. Any open or pending special assessments — roof, HVAC, plumbing, elevator, façade? What's the per-unit balance and payoff schedule, and is the seller paying it off at close or rolling it to the buyer?
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: 0.80% ✗
• Cap rate: 1.62%
• Cash-on-cash: -16.69%
• DSCR: 0.26
• GRM: 10.4

CMA / ARV

No comps found within radius.

Projected returns pro-forma

-0.98% appreciation · 7.15% rent growth · sell at horizon

5-year hold

• IRR: -23.6%
• Equity multiple: -0.02×
• Total profit: $-91,131
• Equity at exit: $77,279

10-year hold

• IRR: -11.3%
• Equity multiple: -0.15×
• Total profit: $-102,695
• Equity at exit: $81,383

Cash invested: $89,320 (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 11373

• Home prices YoY: -0.4%
• Rents YoY: 7.2%
• Active inventory: 270
• Price-to-rent: 10.4×

Monthly cashflow live

• Estimated rent: $2,547 high
• Mortgage (P&I): −$1,673
• Tax est. 1.5%: −$399 /mo · $4,785/yr
• Insurance: −$133
• HOA est. from 3 same-building comps: −$1,050
• Vacancy / Maint / Mgmt: −$535
• Net cashflow: $-1,242

Break-even live

Break-even rent $4,120

Max offer price $139,213

Occupancy floor —

Sensitivity live

Price	-10% $-1,022	-5% $-1,132	+0% $-1,242	+5% $-1,353	+10% $-1,463
Rent	-10% $-1,444	-5% $-1,343	+0% $-1,242	+5% $-1,142	+10% $-1,041
Rate	-1.0pp $-1,082	-0.5pp $-1,161	base $-1,242	+0.5pp $-1,325	+1.0pp $-1,409

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: $79,750
• Closing costs: $9,570
• Reserves months: —
• Total cash needed: —

Rent comps 24 comps

Address	Beds	Baths	Sqft	Rent	$/sqft	DOM	Units	Dist
8360 Vietor Ave Unit 6P Elmhurst, NY	2.0	1.0	850	$2,650	$3.12	17d	1	0.05mi
3716 83rd St Jackson Heights, NY	1.0	1.0	700	$1,800	$2.57	21d	1	0.45mi
40-24 Aske St Unit 1FL Flushing, NY	1.0	1.0	800	$2,800	$3.50	1d	1	0.54mi
8910 35th Ave Unit E1L Jackson Heights, NY	2.0	1.0	850	$3,050	$3.59	26d	1	0.66mi
54-40 80th St Unit 1 Elmhurst, NY	2.0	2.0	956	$3,000	$3.14	26d	1	0.93mi
5440 80th St Elmhurst, NY	2.0	2.0	996	$3,000	$3.01	4d	1	0.93mi
86-16 60th Ave Unit 1K Queens, NY	1.0	1.0	750	$2,300	$3.07	26d	1	0.95mi
10302 42nd Ave Unit 4D Corona, NY	2.0	1.5	761	$3,400	$4.47	21d	1	1.04mi
62-98 Saunders St Unit 4P Flushing, NY	1.0	1.0	700	$2,400	$3.43	0d	1	1.20mi
6155 98th St Unit 8B Rego Park, NY	1.0	1.0	700	$2,500	$3.57	6d	1	1.23mi
31-40 98th St Unit 2 Flushing, NY	1.0	1.0	800	$2,100	$2.62	9d	1	1.26mi
9710 62nd Dr Unit 9F Rego Park, NY	1.0	1.0	750	$2,700	$3.60	6d	1	1.28mi
6347 Booth St Unit 3C Rego Park, NY	1.0	1.0	700	$3,400	$4.86	26d	1	1.32mi
9707 63rd Rd Unit 15B Rego Park, NY	1.0	1.0	700	$2,300	$3.29	4d	1	1.33mi
6145 98th St Rego Park, NY	1.0–3.0	1.0	825	$2,350	$2.85	4d	3	1.33mi
6145 98th St Rego Park, NY	1.0–3.0	1.0	825	$2,500	$3.03	26d	3	1.33mi
54-01 108th St Unit 2R Flushing, NY	2.0	1.0	1000	$3,050	$3.05	26d	1	1.41mi
9725 64th Ave Rego Park, NY	1.0	1.0	760	$1,800	$2.37	21d	1	1.42mi
6336 99th St Unit 5E Rego Park, NY	2.0	2.5	1333	$4,600	$3.45	6d	1	1.46mi
25-45 97th St Unit 2 Flushing, NY	2.0	1.0	1260	$2,800	$2.22	9d	1	1.47mi
102-45 62nd Rd Unit 7J Forest Hills, NY	1.0	1.0	770	$2,950	$3.83	26d	1	1.49mi
9810 64th Ave Rego Park, NY	1.0	1.0	825	$2,125	$2.58	19d	2	1.49mi
9810 64th Ave Rego Park, NY	1.0–2.0	1.0–2.0	850	$2,450	$2.88	1d	2	1.49mi
25-61 99th St Unit 2nd Fl Flushing, NY	2.0	1.0	780	$3,200	$4.10	26d	1	1.49mi

HOA detail condo

• Monthly dues: $0 · $0/yr
• Likely covers: electric
• Assessments: None detected in remarks — confirm with the listing agent.

Listing history 21 events

1. 2026-06-21
   days on market $319,000 Active 123 DOM
2. 2026-06-18
   days on market $319,000 Active 120 DOM
3. 2026-06-17
   days on market $319,000 Active 119 DOM
4. 2026-06-15
   days on market $319,000 Active 117 DOM
5. 2026-06-13
   days on market $319,000 Active 115 DOM
6. 2026-06-10
   days on market $319,000 Active 111 DOM
7. 2026-06-08
   days on market $319,000 Active 110 DOM
8. 2026-06-04
   days on market $319,000 Active 106 DOM
9. 2026-06-03
   days on market $319,000 Active 105 DOM
10. 2026-06-01
    days on market $319,000 Active 103 DOM
11. 2026-05-31
    days on market $319,000 Active 102 DOM
12. 2026-01-16
    listed $319,000 Active
13. 2024-11-20
    historical
14. 2024-10-11
    price $340,000
15. 2024-08-19
    price $355,000
16. 2024-08-16
    price $365,000
17. 2024-05-13
    status Active
18. 2024-05-12
    historical
19. 2024-01-10
    price $368,000
20. 2024-01-10
    price $368,888
21. 2023-11-10
    listed $388,000 Active

ⓘ 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 · 14 d/yr by 30 yrs out
• 💨 Wind 6/10 Major 27% chance of damaging wind over 30 yrs
• 🫁 Air quality 5/10 Major 6 unhealthy d/yr today · 8 by 30 yrs out

Taxation est. · year 1

• Rental income: $30,563
• − Mortgage interest: −$17,869
• − Property taxes: −$4,785
• − Insurance: −$1,595
• − Repairs & maintenance: −$2,445
• − Management: −$2,445
• − HOA: −$12,600
• − Depreciation: −$9,280
• Taxable loss: −$20,456
• Est. tax savings @ 24.0%: +$4,909
• After-tax cash flow: $-10,000/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): 98,403
• Household income: $71,480
• Rent vs Own: 73.3% rent · 26.7% own
• Severe rent burden: 7283.0

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: Diverse neighborhood (Simpson 0.58)
• Race & ethnicity: Asian 48% Hispanic / Latino 43% Two or more races 8% White 5% Black 2%
• Hispanic origin (detail): Mexican 13% Puerto Rican 1% Dominican 4%
• Common ancestry: Romanian 1%
• Foreign-born: 66% · Canada, China, Jamaica
• Languages at home: 14% English-only · Spanish 40% Chinese 16% Other Indo-European 13%

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: ▼ -0.98%
• Current HPI: 244.1055
• Rent YoY: ▲ 7.15%
• 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

-17.8% since first listed

10 events — show timeline

• 2026-01-16 Listed $319,000 OneKey® MLS as Distributed by MLS Grid
• 2024-11-20 Listing Removed — OneKey® MLS as Distributed by MLS Grid
• 2024-10-11 Price Changed $340,000 OneKey® MLS as Distributed by MLS Grid
• 2024-08-19 Price Changed $355,000 OneKey® MLS as Distributed by MLS Grid
• 2024-08-16 Price Changed $365,000 OneKey® MLS as Distributed by MLS Grid
• 2024-05-13 Relisted — OneKey® MLS as Distributed by MLS Grid
• 2024-05-12 Listing Removed — OneKey® MLS as Distributed by MLS Grid
• 2024-01-10 Price Changed $368,000 OneKey® MLS as Distributed by MLS Grid
• 2024-01-10 Price Changed $368,888 OneKey® MLS as Distributed by MLS Grid
• 2023-11-10 Listed $388,000 OneKey® MLS as Distributed by MLS Grid