3515 Henry Hudson Pkwy Unit 5G · New York, NY 10463

$387,900

2 bd · 2.0 ba · 1,250 sqft · Condo · 68 Days on market

Built 1954 ↓ 3% 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
• Rent growth +5.0/5.0
• Schools +5.0/10.0
• Livability +3.8/5.0
• 1% rule +3.2/10.0
• Condition / age +2.5/5.0
• Cash flow +0.0/30.0
• DSCR +0.0/10.0
• Appreciation +0.0/10.0

Listing remarks MLS

Welcome home to this sun-filled, large two bedroom, two bath with terrace at the Briarcliff. Entry foyer opens to a spacious living room with a dining L that can be can be closed off and used as a third bedroom. Updated pass through galley kitchen. Primary bedroom with an en suite, windowed bath. Southeast and southwest views, including Seton Park. Apartment is freshly painted; the parquet floors are newly refinished; and there are plenty of closets, including a walk-in. There is an additional fuel surcharge of $13.77/mo. and an assessment $165.24/mo. ending December 2026. Building amenities include a 3/4 doorman, live in super, outdoor playground, laundry, storage, bike room, and indoor parking (waitlisted). Convenient location in central Riverdale is near Seton Park, the library, shops, schools, restaurants, and houses of worship. Dog friendly building. Local and express bus transportation, including the Metro North shuttle stop right outside the front of the building, and easy access to the HHP make your commute a breeze. Come take a look at this special home.

Key facts

• Live in super
• Plenty of closets
• 3/4 doorman

Tags

• EN SUITE WINDOWED BATH
• SOUTHEAST AND SOUTHWEST VIEWS
• PLENTY OF CLOSETS
• WALK-IN
• 3/4 DOORMAN
• LIVE IN SUPER

Property features AI

Exterior

• Parking: Garage; Off-street parking; Waitlist parking
• Utilities: Public sewer
• Home design: Stock cooperative
• Construction: Brick construction
• Exterior features: Brick exterior; Not waterfront

Interior

• Kitchen: Dishwasher
• Bedrooms: Entry level: 5; Total rooms: 4
• Bathrooms: 2 full bathrooms
• Heating & cooling: Radiant heating; Wall/window air conditioning units
• Interior features: Entrance foyer; Galley-type kitchen; No basement; Pets allowed
• Laundry & utility: See remarks for utilities

What this means for you Summary

Snapshot

• This is a 2-bed/2.0-bath condo listed at $388k.

Deal economics

• At list price, monthly cash flow is $-2k ($-23k/yr) — negative.
• To cash-flow at today's rent, offer at most $363k (6.4% below list).
• To meet the 1% rule (rent ≥ 1% of price), the offer needs to be $318k (18.1% below list).
• Recommended offer: $318k (18.1% below list) — sets the bar for 1% rule.
• Cap rate 0.4% 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.
• Market conditions: Rents rising fast (+11.6%/yr); 342 active listings in the ZIP; 1 comparable units currently listed for rent nearby; 6,929 units permitted in Bronx County in 2024 (6,829 in 5+ unit buildings).
• At $3,176/mo this rent would consume 51% of the median local household income ($75k/yr) (locally 5586% of renters already pay >50% of income on rent) — very limited rent-growth headroom before tenants either downsize or default.

Forward outlook

• Local home prices are declining (-3.0%/yr); year-one equity from $3k of loan paydown is wiped out by about $12k of value loss. Plan a longer hold.
• Bronx County population projected at +21% by 2050 — long-run rental-demand tailwind backs the buy-and-hold thesis.

Negotiation context

• It's been on market 68 days — a 6% lower offer ($365k) is reasonable based on typical stale-listing flexibility.
• 8 sale attempts since 10y ago; this cycle's ask is 5% above the opening price — seller raised mid-cycle; expect resistance to lowballs.

Risks & watch-outs

• Watch-outs: HOA is 54% of rent; built in 1954 — 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 $317,581 (18.1% 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 68 days. Have you received any prior offers? Is the seller open to a 18% concession, seller financing, or rate buy-down credit?
3. Built in 1954 — 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: 0.82% ✗
• Cap rate: 0.44%
• Cash-on-cash: -20.89%
• DSCR: 0.07
• GRM: 10.2

CMA / ARV

No comps found within radius.

Projected returns pro-forma

-3.0% appreciation · 8.0% rent growth · sell at horizon

5-year hold

• IRR: -47.7%
• Equity multiple: -0.52×
• Total profit: $-165,395
• Equity at exit: $57,837

10-year hold

• IRR: -34.6%
• Equity multiple: -1.01×
• Total profit: $-218,216
• Equity at exit: $33,539

Cash invested: $108,612 (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 10463

• Rents YoY: 11.6%
• Active inventory: 342
• Price-to-rent: 10.2×

Monthly cashflow live

• Estimated rent: $3,176 medium
• Mortgage (P&I): −$2,034
• Tax est. 1.5%: −$485 /mo · $5,818/yr
• Insurance: −$162
• HOA est. from 1 same-building comp: −$1,719
• Vacancy / Maint / Mgmt: −$667
• Net cashflow: $-1,891

Break-even live

Break-even rent $5,569

Max offer price $114,298

Occupancy floor —

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: $96,975
• Closing costs: $11,637
• Reserves months: —
• Total cash needed: —

Rent comps 1 comps

Address	Beds	Baths	Sqft	Rent	$/sqft	DOM	Units	Dist
2600 Netherland Ave Bronx, NY	1.0–3.0	1.0–2.5	1132	$3,938	$3.48	22d	3	0.58mi

HOA detail condo

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

Listing history 23 events

1. 2026-06-18
   days on market $387,900 Active 68 DOM
2. 2026-06-17
   days on market $387,900 Active 67 DOM
3. 2026-06-15
   days on market $387,900 Active 65 DOM
4. 2026-06-13
   days on market $387,900 Active 63 DOM
5. 2026-06-10
   days on market $387,900 Active 59 DOM
6. 2026-06-08
   days on market $387,900 Active 58 DOM
7. 2026-06-08
   days on market $387,900 Active 57 DOM
8. 2026-06-04
   days on market $387,900 Active 54 DOM
9. 2026-06-01
   days on market $387,900 Active 52 DOM
10. 2026-05-31
    days on market $387,900 Active 51 DOM
11. 2026-04-27
    status Active 1079-char remark

    Show marketing remark (1079 chars)

    Welcome home to this sun-filled, large two bedroom, two bath with terrace at the Briarcliff. Entry foyer opens to a spacious living room with a dining L that can be can be closed off and used as a third bedroom. Updated pass through galley kitchen. Primary bedroom with an en suite, windowed bath. Southeast and southwest views, including Seton Park. Apartment is freshly painted; the parquet floors are newly refinished; and there are plenty of closets, including a walk-in. There is an additional fuel surcharge of $13.77/mo. and an assessment $165.24/mo. ending December 2026. Building amenities include a 3/4 doorman, live in super, outdoor playground, laundry, storage, bike room, and indoor parking (waitlisted). Convenient location in central Riverdale is near Seton Park, the library, shops, schools, restaurants, and houses of worship. Dog friendly building. Local and express bus transportation, including the Metro North shuttle stop right outside the front of the building, and easy access to the HHP make your commute a breeze. Come take a look at this special home.

12. 2026-04-27
    price $387,900 1079-char remark

    Show marketing remark (1079 chars)

    Welcome home to this sun-filled, large two bedroom, two bath with terrace at the Briarcliff. Entry foyer opens to a spacious living room with a dining L that can be can be closed off and used as a third bedroom. Updated pass through galley kitchen. Primary bedroom with an en suite, windowed bath. Southeast and southwest views, including Seton Park. Apartment is freshly painted; the parquet floors are newly refinished; and there are plenty of closets, including a walk-in. There is an additional fuel surcharge of $13.77/mo. and an assessment $165.24/mo. ending December 2026. Building amenities include a 3/4 doorman, live in super, outdoor playground, laundry, storage, bike room, and indoor parking (waitlisted). Convenient location in central Riverdale is near Seton Park, the library, shops, schools, restaurants, and houses of worship. Dog friendly building. Local and express bus transportation, including the Metro North shuttle stop right outside the front of the building, and easy access to the HHP make your commute a breeze. Come take a look at this special home.

13. 2026-04-27
    price $387,900

    Show marketing remark (1079 chars)

    Welcome home to this sun-filled, large two bedroom, two bath with terrace at the Briarcliff. Entry foyer opens to a spacious living room with a dining L that can be can be closed off and used as a third bedroom. Updated pass through galley kitchen. Primary bedroom with an en suite, windowed bath. Southeast and southwest views, including Seton Park. Apartment is freshly painted; the parquet floors are newly refinished; and there are plenty of closets, including a walk-in. There is an additional fuel surcharge of $13.77/mo. and an assessment $165.24/mo. ending December 2026. Building amenities include a 3/4 doorman, live in super, outdoor playground, laundry, storage, bike room, and indoor parking (waitlisted). Convenient location in central Riverdale is near Seton Park, the library, shops, schools, restaurants, and houses of worship. Dog friendly building. Local and express bus transportation, including the Metro North shuttle stop right outside the front of the building, and easy access to the HHP make your commute a breeze. Come take a look at this special home.

14. 2026-04-27
    status Active

    Show marketing remark (1079 chars)

    Welcome home to this sun-filled, large two bedroom, two bath with terrace at the Briarcliff. Entry foyer opens to a spacious living room with a dining L that can be can be closed off and used as a third bedroom. Updated pass through galley kitchen. Primary bedroom with an en suite, windowed bath. Southeast and southwest views, including Seton Park. Apartment is freshly painted; the parquet floors are newly refinished; and there are plenty of closets, including a walk-in. There is an additional fuel surcharge of $13.77/mo. and an assessment $165.24/mo. ending December 2026. Building amenities include a 3/4 doorman, live in super, outdoor playground, laundry, storage, bike room, and indoor parking (waitlisted). Convenient location in central Riverdale is near Seton Park, the library, shops, schools, restaurants, and houses of worship. Dog friendly building. Local and express bus transportation, including the Metro North shuttle stop right outside the front of the building, and easy access to the HHP make your commute a breeze. Come take a look at this special home.

15. 2026-03-23
    status Pending
16. 2026-03-06
    listed $369,000 Active

    Show marketing remark (1079 chars)

    Welcome home to this sun-filled, large two bedroom, two bath with terrace at the Briarcliff. Entry foyer opens to a spacious living room with a dining L that can be can be closed off and used as a third bedroom. Updated pass through galley kitchen. Primary bedroom with an en suite, windowed bath. Southeast and southwest views, including Seton Park. Apartment is freshly painted; the parquet floors are newly refinished; and there are plenty of closets, including a walk-in. There is an additional fuel surcharge of $13.77/mo. and an assessment $165.24/mo. ending December 2026. Building amenities include a 3/4 doorman, live in super, outdoor playground, laundry, storage, bike room, and indoor parking (waitlisted). Convenient location in central Riverdale is near Seton Park, the library, shops, schools, restaurants, and houses of worship. Dog friendly building. Local and express bus transportation, including the Metro North shuttle stop right outside the front of the building, and easy access to the HHP make your commute a breeze. Come take a look at this special home.

17. 2026-03-06
    listed $369,000 Active 1079-char remark

    Show marketing remark (1079 chars)

    Welcome home to this sun-filled, large two bedroom, two bath with terrace at the Briarcliff. Entry foyer opens to a spacious living room with a dining L that can be can be closed off and used as a third bedroom. Updated pass through galley kitchen. Primary bedroom with an en suite, windowed bath. Southeast and southwest views, including Seton Park. Apartment is freshly painted; the parquet floors are newly refinished; and there are plenty of closets, including a walk-in. There is an additional fuel surcharge of $13.77/mo. and an assessment $165.24/mo. ending December 2026. Building amenities include a 3/4 doorman, live in super, outdoor playground, laundry, storage, bike room, and indoor parking (waitlisted). Convenient location in central Riverdale is near Seton Park, the library, shops, schools, restaurants, and houses of worship. Dog friendly building. Local and express bus transportation, including the Metro North shuttle stop right outside the front of the building, and easy access to the HHP make your commute a breeze. Come take a look at this special home.

18. 2016-07-18
    historical Withdrawn
19. 2016-07-18
    historical
20. 2016-07-16
    listed Active
21. 2016-07-15
    listed $398,500
22. 2016-07-15
    listed $398,500
23. 2016-07-15
    listed $398,500

ⓘ 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 3/10 Moderate 3 unhealthy d/yr today · 4 by 30 yrs out

Taxation est. · year 1

• Rental income: $38,110
• − Mortgage interest: −$21,728
• − Property taxes: −$5,818
• − Insurance: −$1,940
• − Repairs & maintenance: −$3,049
• − Management: −$3,049
• − HOA: −$20,628
• − Depreciation: −$11,284
• Taxable loss: −$29,387
• Est. tax savings @ 24.0%: +$7,053
• After-tax cash flow: $-15,637/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): 69,470
• Household income: $74,974
• Rent vs Own: 64.6% rent · 35.4% own
• Severe rent burden: 5586.0

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 0.65)
• Race & ethnicity: Hispanic / Latino 50% White 30% Two or more races 17% Black 12% Asian 4% Native American 2%
• Hispanic origin (detail): Mexican 3% Puerto Rican 12% Cuban 1% Dominican 25%
• Common ancestry: Scotch-Irish 3% Romanian 2% Lithuanian 1%
• Foreign-born: 30% · Canada, Jamaica, China
• Languages at home: 50% English-only · Spanish 40% Other Indo-European 3% Russian/Polish/Slavic 2%

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: ▼ -294.75%
• Current HPI: 168.0211
• Rent YoY: ▲ 11.60%
• 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

-2.7% since first listed

13 events — show timeline

• 2026-04-27 Relisted — RLS at REBNY
• 2026-04-27 Price Changed $387,900 RLS at REBNY
• 2026-04-27 Price Changed $387,900 OneKey® MLS as Distributed by MLS Grid
• 2026-04-27 Relisted — OneKey® MLS as Distributed by MLS Grid
• 2026-03-23 Pending — OneKey® MLS as Distributed by MLS Grid
• 2026-03-06 Listed $369,000 OneKey® MLS as Distributed by MLS Grid
• 2026-03-06 Listed $369,000 RLS at REBNY
• 2016-07-18 Delisted — HGMLS
• 2016-07-18 Listing Removed — OneKey® MLS as Distributed by MLS Grid
• 2016-07-16 Listed — HGMLS
• 2016-07-15 Listed $398,500 RLS at REBNY
• 2016-07-15 Listed $398,500 RLS at REBNY
• 2016-07-15 Listed $398,500 OneKey® MLS as Distributed by MLS Grid