4060 Jerusalem Ave Unit 1D · Seaford, NY 11783

$299,999

1 bd · 1.0 ba · 800 sqft · Condo · 4 Days on market

Built 1966 Good condition

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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).

• Cash flow +11.5/30.0
• ARV discount +7.5/15.0
• Schools +7.1/10.0
• Livability +4.0/5.0
• Condition / age +4.0/5.0
• DSCR +3.4/10.0
• 1% rule +3.3/10.0
• Rent growth +2.5/5.0
• Appreciation +0.0/10.0

Listing remarks

Welcome to this completely renovated 1-bedroom, 1-bath co-op located in the heart of Seaford. Situated on the first floor, this move-in ready unit has been beautifully updated throughout and offers the perfect blend of comfort, convenience, and low-maintenance living. Enjoy a bright and inviting layout, hardwood flooring throughout, modern finishes, and a thoughtfully renovated interior that is ready for its next owner. The building features on-site laundry facilities, ample parking in the resident parking lot, and plenty of additional street parking for guests. Conveniently located near shopping, restaurants, parks, public transportation, and major roadways, making commuting and everyday e

Key facts

• Ample parking
• First floor
• Completely renovated

Tags

• COMPLETELY RENOVATED
• FIRST FLOOR
• ON-SITE LAUNDRY FACILITIES
• AMPLE PARKING
• CONVENIENTLY LOCATED

Property features AI

Finance

• Other: Living area per public records: 800 (source: public records)
• HOA & community: Association covers common area maintenance, exterior maintenance, gas, grounds care, heat, hot water, sewer, snow removal, trash, and water

Exterior

• Parking: On-street parking; Parking lot available
• Utilities: Public sewer; Electricity connected; Natural gas connected; Sewer connected; Water connected
• Home design: Stock cooperative; 2 stories total; Entry level: 1
• Construction: Brick construction
• Exterior features: Brick exterior; Not waterfront

Interior

• Kitchen: Range; Refrigerator; Stainless steel appliances
• Flooring: Hardwood floors
• Bathrooms: 1 full bathroom
• Heating & cooling: Baseboard heating; Wall/window air conditioning units
• Interior features: Formal dining area; Quartz/Quartzite counters; Basement is common; 4 total rooms
• Laundry & utility: Laundry room in basement

What this means for you Summary

Snapshot

• This is a 1-bed/1.0-bath condo listed at $300k. Condition is rated good.

Deal economics

• At list price, monthly cash flow is $-98 ($-1k/yr) — negative.
• To cash-flow at today's rent, offer at most $286k (4.7% below list).
• To meet the 1% rule (rent ≥ 1% of price), the offer needs to be $250k (16.7% below list).
• Recommended offer: $250k (16.7% below list) — sets the bar for 1% rule.
• Cap rate 5.9% vs local median 3.3% in Seaford — 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 80/100 on livability (#115 in NY, #1,864 nationally) — a professional / high-income tenant draw. Strengths: crime A+, commute A+, employment A+; Watch: cost of living F.
• Seaford Union Free School District (suburban): math 73% / reading 81% proficiency, ranked #53 of 590 in NY (top 9%) — strong family-tenant draw, lease renewals of 3-5y typical; only 6% free/reduced lunch — higher-income household profile.
• Zoned schools: Seaford Manor School (math 92% / reading 87%, grade A+, #45 of 2,108 statewide, top 3%, 445 students, 10% FRL); Seaford Middle School (math 42% / reading 72%, grade B, #192 of 729 statewide, top 28%, 517 students, 15% FRL); Seaford Senior High School (math 98% / reading 98%, grade A+, #19 of 1,100 statewide, top 4%, 658 students, 16% FRL).
• Market conditions: 93 active listings in the ZIP; 2 comparable units currently listed for rent nearby; 824 units permitted in Nassau County in 2024 (153 in 5+ unit buildings).

Forward outlook

• Local home prices are declining (-3.0%/yr); year-one equity from $2k of loan paydown is wiped out by about $9k of value loss. Plan a longer hold.
• Nassau County population projected at +7% by 2050 — modest demand growth; plan on rents tracking national, not racing it.

Negotiation context

• Only 4 days on market — expect competitive offers; lowballing is unlikely to land.

Risks & watch-outs

• Climate carrying-cost: major wind risk, 60% 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 $250,000 (16.7% 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. Built in 1966 — when were the roof, HVAC, electrical panel, plumbing, and water heater last replaced?
3. 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?
4. Is there a deadline driving the sale (1031 exchange, divorce, estate, relocation)? That informs how much negotiation room exists.
5. 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?
6. 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?
7. 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.
8. 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.
9. 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: 0.83% ✗
• Cap rate: 5.90%
• Cash-on-cash: -1.40%
• DSCR: 0.94
• GRM: 10.0

CMA / ARV

No comps found within radius.

Projected returns pro-forma

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

5-year hold

• IRR: -18.6%
• Equity multiple: 0.35×
• Total profit: $-54,831
• Equity at exit: $44,731

10-year hold

• IRR: -11.0%
• Equity multiple: 0.34×
• Total profit: $-55,648
• Equity at exit: $25,938

Cash invested: $84,000 (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 11783

• Active inventory: 93
• Price-to-rent: 10.0×

Monthly cashflow live

• Estimated rent: $2,500 medium
• Mortgage (P&I): −$1,573
• Tax est. 1.5%: −$375 /mo · $4,500/yr
• Insurance: −$125
• HOA: −$0
• Vacancy / Maint / Mgmt: −$525
• Net cashflow: $-98

Break-even live

Break-even rent $2,624

Max offer price $285,786

Occupancy floor 99%

Sensitivity live

Price	-10% $109	-5% $5	+0% $-98	+5% $-202	+10% $-306
Rent	-10% $-296	-5% $-197	+0% $-98	+5% $1	+10% $99
Rate	-1.0pp $53	-0.5pp $-22	base $-98	+0.5pp $-176	+1.0pp $-255

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: $75,000
• Closing costs: $9,000
• Reserves months: —
• Total cash needed: —

Rent comps 2 comps

Address	Beds	Baths	Sqft	Rent	$/sqft	DOM	Units	Dist
4135 67th AVE Wantagh, NY	1.0	1.0	600	$2,500	$4.17	45d	1	1.39mi
3535 Park Ave Wantagh, NY	1.0	1.0	800	$2,500	$3.12	45d	1	1.47mi

HOA detail condo

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

Listing history 4 events

1. 2026-06-21
   days on market $299,999 Active 4 DOM
2. 2026-06-21
   days on market $299,999 Active 3 DOM
3. 2026-06-17
   remarks 699-char remark
4. 2026-06-17
   listed $299,999 Active 1 DOM

ⓘ 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 ≥94°F today · 16 d/yr by 30 yrs out
• 💨 Wind 6/10 Major 60% chance of damaging wind over 30 yrs
• 🫁 Air quality 4/10 Moderate 3 unhealthy d/yr today · 5 by 30 yrs out

Taxation est. · year 1

• Rental income: $30,000
• − Mortgage interest: −$16,805
• − Property taxes: −$4,500
• − Insurance: −$1,500
• − Repairs & maintenance: −$2,400
• − Management: −$2,400
• − Depreciation: −$8,727
• Taxable loss: −$6,332
• Est. tax savings @ 24.0%: +$1,520
• After-tax cash flow: $341/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 move-in ready 1-bedroom, 1-bath co-op is beautifully updated throughout with modern finishes and low-maintenance living. The property is located in a desirable area with on-site laundry facilities and ample parking.

Value-add opportunities

• Both Painting the exterior brick facade — Enhances curb appeal and can increase both resale and rental value
• Both Upgrading the kitchen appliances — Modernizes the kitchen and can increase both resale and rental value
• Both Adding a smart thermostat — Improves energy efficiency and can increase both resale and rental value

Renovation cost estimate screening

Value-add ROI direction

• Both Painting the exterior brick facade — Enhances curb appeal and can increase both resale and rental value ↑
• Both Upgrading the kitchen appliances — Modernizes the kitchen and can increase both resale and rental value ↑
• Both Adding a smart thermostat — Improves energy efficiency and can increase both resale and rental value ↑

ⓘ 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: Seaford Union Free School District
• NCES district ID: 3626400
• Math proficiency: 73% ▼ -2.00%
• Reading proficiency: 81% ▲ 11.00%
• Median HH income: $106,919
• Composite: 70.59/100
• National rank: #257
• State rank: #53 of 590 in NY

Livability — Seaford

• Score: 80/100
• State rank: #115
• US rank: #1864

Category grades

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

Schools grade is shown separately in the Schools card above.

Census & demographics

• Census place: Seaford, NY
• City population: 21,588
• Population (ZIP): 21,588

Population outlook (Nassau County) Hauer SSP2

• Today (2025): 1,409,302 people
• By 2030: 1,431,482 · +1.6%
• By 2040: 1,471,607 · +4.4%
• By 2050: 1,502,845 · +6.6%
• By 2075: 1,575,403 · +11.8%
• By 2100: 1,554,356 · +10.3%

Race, ethnicity, and origin ACS 2023

• Neighborhood character: Predominantly White (84%)
• Race & ethnicity: White 84% Hispanic / Latino 7% Asian 4% Two or more races 4% Black 2%
• Hispanic origin (detail): Puerto Rican 2% Dominican 1%
• Common ancestry: Romanian 7% Lithuanian 2% Scotch-Irish 2%
• Foreign-born: 8% · Canada, China, Jamaica
• Languages at home: 88% English-only · Spanish 5% Other Indo-European 3% Chinese 1%

Political lean MEDSL · Nassau

• 2024 margin: Toss-up / Even · D 47.9% · R 52.1%
• 2008→2024 swing: -12.6pp toward R · 2008: 8.4pp · 2024: -4.2pp
• All cycles: 2024: R+4.2 2020: D+9.5 2016: D+5.3 2012: D+6.7 2008: D+8.4

Not yet ingested

• Civics: —

Market trends

• HPI YoY: ▼ -720.04%
• Current HPI: 298.2951
• 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

1 event — show timeline

• 2026-06-17 Listed $299,999 OneKey® MLS as Distributed by MLS Grid