36 W 138th St #52 · New York, NY 10037

$250,000

1 bd · 1.0 ba · 550 sqft · Condo · 143 Days on market

Built 1925 ↓ 13% since listing

---

Why this score? — see what drove the B+ 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 +30.0/30.0
• 1% rule +10.0/10.0
• DSCR +10.0/10.0
• ARV discount +7.5/15.0
• Appreciation +6.9/10.0
• Schools +5.0/10.0
• Livability +3.8/5.0
• Rent growth +2.5/5.0
• Condition / age +2.5/5.0

Listing remarks MLS

Newly renovated and stunning value! This 1-bedroom, 1-bathroom apartment is in outstanding condition and move-in ready, just waiting to be your next home. Notable features include hardwood floors, tiled bathroom and a well-equipped kitchen with Caesarstone counter and brand new appliances throughout, plus a washer/dryer hookup. Monthly common charges are an affordable $477.50 per month. The property is conveniently located close to the 125th Street commercial corridor, home to WholeFoods, Trader Joes, Target and Marshalls, while the Schomburg Center Research Library, Harlem YMCA, and Harlem Cycle Fitness Studio are within a short walking distance on 135th Street. For your palate, Sylvias, The Red Rooster and Corner Social are all within walking distance. just a few blocks from the 2/3 subway station at 135th St. as well as the M1, M7, M98, and M102 bus stops. For drivers, a parking garage is located at the end of the block and the Harlem River Drive and Madison Avenue Bridge are within easy reach. This is an HDFC building and so income restrictions apply, with maximum incomes no more than 165% of the New York City Area Median Income (AMI). Income restrictions are as follows: $187,110 for 1 person, $213,840 for 2 people. Zero percent (0%) of the maintenance is tax deductible. Showings are by appointment please contact the listing agent, Harlem Lofts, Inc. All information is gathered from third-party sources and is deemed reliable. Income restrictions are based on FY 2025 data from the NYC Department of Housing Preservation and Development. Please consult with your own advisors. Apartment 14 at 36 W 138th Street represents amazing value for the right buyer!

Key facts

• Brand new appliances
• Caesarstone counter
• Tiled bathroom

Tags

• HARDWOOD FLOORS
• TILED BATHROOM
• WELL-EQUIPPED KITCHEN
• CAESARSTONE COUNTER
• BRAND NEW APPLIANCES
• PARKING GARAGE LOCATED

Property features AI

Finance

• HOA & community: Pets allowed

Exterior

• Parking: On-street parking
• Utilities: Public sewer; Cable connected; Electricity connected; Natural gas connected; Public trash collection; Water connected
• Home design: Stock cooperative; Measured living area
• Construction: Brick construction
• Exterior features: Brick exterior; Not waterfront

Interior

• Kitchen: Freezer; Gas range; Refrigerator; Stainless steel appliances
• Bedrooms: Entry on 5th floor
• Flooring: Hardwood floors
• Bathrooms: 1 full bathroom
• Heating & cooling: Steam heating; Wall/window air conditioning unit(s)
• Interior features: Galley kitchen layout; High-speed internet available; Primary bathroom; Stone countertops
• Laundry & utility: Washer in unit

What this means for you Summary

Snapshot

• This is a 1-bed/1.0-bath condo listed at $250k.

Deal economics

• At list price, monthly cash flow is $2k ($19k/yr) — positive.
• The deal already cash-flows at list — no discount required.
• Meets the 1% rule at list price ($4k rent vs $250k).
• Recommended offer: $220k (12.0% below list) — sets the bar for market timing.
• Cap rate 13.9% 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: 24 active listings in the ZIP; 4 comparable units currently listed for rent nearby; rentals leasing fast (median 12d on market — plan ~1-2 weeks tenant-placement turnaround); 4,467 units permitted in New York County in 2024 (4,463 in 5+ unit buildings).

Forward outlook

• In year one you build about $11k of equity ($2k loan paydown + $9k appreciation (3.7% local appreciation)).
• New York County population projected at +21% by 2050 — long-run rental-demand tailwind backs the buy-and-hold thesis.
• At projected returns (3.7% appreciation + 3.0% rent growth), your $70k cash investment doubles in ~3 years — after that, you're playing with house money.
• By year 4, paydown + projected appreciation supports a ~$37k cash-out refi (75% LTV) — recoverable capital for the next deal without selling this one.

Negotiation context

• It's been on market 143 days — a 12% lower offer ($220k) is reasonable based on typical stale-listing flexibility.
• 2 sale attempts; this cycle's ask has dropped $49k (16%) from the opening price — seller is motivated, your offer sets the floor, not the list.

Risks & watch-outs

• Watch-outs: built in 1925 — expect roof / HVAC / electrical / plumbing capex.
• Climate carrying-cost: moderate flood risk; 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 $220,000 (12.0% below list)

Questions for the listing agent

1. It's been on market 143 days. Have you received any prior offers? Is the seller open to a 12% concession, seller financing, or rate buy-down credit?
2. Built in 1925 — 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. Why hasn't it sold? Are there any deal-killer items the seller is aware of (foundation, flood, title, zoning, code violations)?
5. Is there a deadline driving the sale (1031 exchange, divorce, estate, relocation)? That informs how much negotiation room exists.
6. 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?
7. 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?
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: 1.67% ✓
• Cap rate: 13.87%
• Cash-on-cash: 27.06%
• DSCR: 2.20
• GRM: 5.0

CMA / ARV

No comps found within radius.

Projected returns pro-forma

3.74% appreciation · 3.0% rent growth · sell at horizon

5-year hold

• IRR: 34.4%
• Equity multiple: 3.01×
• Total profit: $140,620
• Equity at exit: $122,954

10-year hold

• IRR: 33.8%
• Equity multiple: 5.97×
• Total profit: $347,946
• Equity at exit: $198,127

Cash invested: $70,000 (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 10037

• Home prices YoY: 2.3%
• Active inventory: 24
• Price-to-rent: 5.0×

Monthly cashflow live

• Estimated rent: $4,185 medium
• Mortgage (P&I): −$1,311
• Tax est. 1.5%: −$312 /mo · $3,750/yr
• Insurance: −$104
• HOA: −$0
• Vacancy / Maint / Mgmt: −$879
• Net cashflow: $1,578

Break-even live

Break-even rent $2,187

Max offer price $250,000

Occupancy floor 57%

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: $62,500
• Closing costs: $7,500
• Reserves months: —
• Total cash needed: —

Rent comps 4 comps

Address	Beds	Baths	Sqft	Rent	$/sqft	DOM	Units	Dist
132 W 134th St New York, NY	2.0	1.0	750	$4,500	$6.00	24d	1	0.29mi
2413 3rd Ave Bronx, NY	1.0–3.0	1.0–2.0	857	$2,900	$3.38	12d	23	0.55mi
5 Lincoln Ave Bronx, NY	1.0–3.0	1.0–2.5	1011	$2,856	$2.82	2d	183	0.66mi
30 Morningside Dr #2096 New York, NY	1.0–2.0	1.0–2.0	780	$5,550	$7.11	4d	2	1.39mi

HOA detail condo

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

Listing history 16 events

1. 2026-06-18
   days on market $250,000 Active 143 DOM
2. 2026-06-17
   days on market $250,000 Active 142 DOM
3. 2026-06-15
   days on market $250,000 Active 140 DOM
4. 2026-06-13
   days on market $250,000 Active 138 DOM
5. 2026-06-10
   days on market $250,000 Active 134 DOM
6. 2026-06-08
   pricedays on market $250,000 Active 133 DOM
7. 2026-06-04
   days on market $260,000 Active 129 DOM
8. 2026-06-03
   days on market $260,000 Active 128 DOM
9. 2026-06-01
   days on market $260,000 Active 126 DOM
10. 2026-05-31
    days on market $260,000 Active 125 DOM
11. 2026-04-16
    price $260,000 1686-char remark

    Show marketing remark (1686 chars)

    Newly renovated and stunning value! This 1-bedroom, 1-bathroom apartment is in outstanding condition and move-in ready, just waiting to be your next home. Notable features include hardwood floors, tiled bathroom and a well-equipped kitchen with Caesarstone counter and brand new appliances throughout, plus a washer/dryer hookup. Monthly common charges are an affordable $477.50 per month. The property is conveniently located close to the 125th Street commercial corridor, home to WholeFoods, Trader Joes, Target and Marshalls, while the Schomburg Center Research Library, Harlem YMCA, and Harlem Cycle Fitness Studio are within a short walking distance on 135th Street. For your palate, Sylvias, The Red Rooster and Corner Social are all within walking distance. just a few blocks from the 2/3 subway station at 135th St. as well as the M1, M7, M98, and M102 bus stops. For drivers, a parking garage is located at the end of the block and the Harlem River Drive and Madison Avenue Bridge are within easy reach. This is an HDFC building and so income restrictions apply, with maximum incomes no more than 165% of the New York City Area Median Income (AMI). Income restrictions are as follows: $187,110 for 1 person, $213,840 for 2 people. Zero percent (0%) of the maintenance is tax deductible. Showings are by appointment please contact the listing agent, Harlem Lofts, Inc. All information is gathered from third-party sources and is deemed reliable. Income restrictions are based on FY 2025 data from the NYC Department of Housing Preservation and Development. Please consult with your own advisors. Apartment 14 at 36 W 138th Street represents amazing value for the right buyer!

12. 2026-04-16
    price $260,000

    Show marketing remark (1686 chars)

    Newly renovated and stunning value! This 1-bedroom, 1-bathroom apartment is in outstanding condition and move-in ready, just waiting to be your next home. Notable features include hardwood floors, tiled bathroom and a well-equipped kitchen with Caesarstone counter and brand new appliances throughout, plus a washer/dryer hookup. Monthly common charges are an affordable $477.50 per month. The property is conveniently located close to the 125th Street commercial corridor, home to WholeFoods, Trader Joes, Target and Marshalls, while the Schomburg Center Research Library, Harlem YMCA, and Harlem Cycle Fitness Studio are within a short walking distance on 135th Street. For your palate, Sylvias, The Red Rooster and Corner Social are all within walking distance. just a few blocks from the 2/3 subway station at 135th St. as well as the M1, M7, M98, and M102 bus stops. For drivers, a parking garage is located at the end of the block and the Harlem River Drive and Madison Avenue Bridge are within easy reach. This is an HDFC building and so income restrictions apply, with maximum incomes no more than 165% of the New York City Area Median Income (AMI). Income restrictions are as follows: $187,110 for 1 person, $213,840 for 2 people. Zero percent (0%) of the maintenance is tax deductible. Showings are by appointment please contact the listing agent, Harlem Lofts, Inc. All information is gathered from third-party sources and is deemed reliable. Income restrictions are based on FY 2025 data from the NYC Department of Housing Preservation and Development. Please consult with your own advisors. Apartment 14 at 36 W 138th Street represents amazing value for the right buyer!

13. 2026-02-18
    price $275,000
14. 2026-02-17
    price $275,000 1686-char remark

    Show marketing remark (1686 chars)

    Newly renovated and stunning value! This 1-bedroom, 1-bathroom apartment is in outstanding condition and move-in ready, just waiting to be your next home. Notable features include hardwood floors, tiled bathroom and a well-equipped kitchen with Caesarstone counter and brand new appliances throughout, plus a washer/dryer hookup. Monthly common charges are an affordable $477.50 per month. The property is conveniently located close to the 125th Street commercial corridor, home to WholeFoods, Trader Joes, Target and Marshalls, while the Schomburg Center Research Library, Harlem YMCA, and Harlem Cycle Fitness Studio are within a short walking distance on 135th Street. For your palate, Sylvias, The Red Rooster and Corner Social are all within walking distance. just a few blocks from the 2/3 subway station at 135th St. as well as the M1, M7, M98, and M102 bus stops. For drivers, a parking garage is located at the end of the block and the Harlem River Drive and Madison Avenue Bridge are within easy reach. This is an HDFC building and so income restrictions apply, with maximum incomes no more than 165% of the New York City Area Median Income (AMI). Income restrictions are as follows: $187,110 for 1 person, $213,840 for 2 people. Zero percent (0%) of the maintenance is tax deductible. Showings are by appointment please contact the listing agent, Harlem Lofts, Inc. All information is gathered from third-party sources and is deemed reliable. Income restrictions are based on FY 2025 data from the NYC Department of Housing Preservation and Development. Please consult with your own advisors. Apartment 14 at 36 W 138th Street represents amazing value for the right buyer!

15. 2026-01-26
    listed $299,000 Active 1686-char remark

    Show marketing remark (1686 chars)

    Newly renovated and stunning value! This 1-bedroom, 1-bathroom apartment is in outstanding condition and move-in ready, just waiting to be your next home. Notable features include hardwood floors, tiled bathroom and a well-equipped kitchen with Caesarstone counter and brand new appliances throughout, plus a washer/dryer hookup. Monthly common charges are an affordable $477.50 per month. The property is conveniently located close to the 125th Street commercial corridor, home to WholeFoods, Trader Joes, Target and Marshalls, while the Schomburg Center Research Library, Harlem YMCA, and Harlem Cycle Fitness Studio are within a short walking distance on 135th Street. For your palate, Sylvias, The Red Rooster and Corner Social are all within walking distance. just a few blocks from the 2/3 subway station at 135th St. as well as the M1, M7, M98, and M102 bus stops. For drivers, a parking garage is located at the end of the block and the Harlem River Drive and Madison Avenue Bridge are within easy reach. This is an HDFC building and so income restrictions apply, with maximum incomes no more than 165% of the New York City Area Median Income (AMI). Income restrictions are as follows: $187,110 for 1 person, $213,840 for 2 people. Zero percent (0%) of the maintenance is tax deductible. Showings are by appointment please contact the listing agent, Harlem Lofts, Inc. All information is gathered from third-party sources and is deemed reliable. Income restrictions are based on FY 2025 data from the NYC Department of Housing Preservation and Development. Please consult with your own advisors. Apartment 14 at 36 W 138th Street represents amazing value for the right buyer!

16. 2026-01-20
    listed $299,000 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 5/10 Major FEMA zone X (unshaded) · 26% chance over 30 yrs
• 🔥 Wildfire 1/10 Low
• 🌡 Heat 7/10 Severe 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: $50,220
• − Mortgage interest: −$14,004
• − Property taxes: −$3,750
• − Insurance: −$1,250
• − Repairs & maintenance: −$4,018
• − Management: −$4,018
• − Depreciation: −$7,273
• Taxable income: $15,908
• Est. tax owed @ 24.0%: −$3,818
• After-tax cash flow: $15,123/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
• City population: 7,731,280
• Population (ZIP): 18,333

Population outlook (New York County) Hauer SSP2

• Today (2025): 1,825,725 people
• By 2030: 1,904,611 · +4.3%
• By 2040: 2,052,719 · +12.4%
• By 2050: 2,206,601 · +20.9%
• By 2075: 2,509,427 · +37.4%
• By 2100: 2,702,933 · +48.0%

Race, ethnicity, and origin ACS 2023

• Neighborhood character: Diverse neighborhood (Simpson 0.58)
• Race & ethnicity: Black 60% Hispanic / Latino 21% Two or more races 11% White 11% Asian 4%
• Hispanic origin (detail): Mexican 1% Puerto Rican 6% Dominican 9%
• Common ancestry: Scotch-Irish 1% Hispanic 1% Russian 1%
• Foreign-born: 16% · Canada, China, Jamaica
• Languages at home: 74% English-only · Spanish 15% French/Haitian/Cajun 2% Arabic 2%

Political lean MEDSL · New York

• 2024 margin: Solid D (+64.8) · D 82.4% · R 17.6%
• 2008→2024 swing: -7.4pp toward R · 2008: 72.2pp · 2024: 64.8pp
• All cycles: 2024: D+64.8 2020: D+74.5 2016: D+77.2 2012: D+69.6 2008: D+72.2

Not yet ingested

• Civics: —

Market trends

• HPI YoY: ▲ 3.74%
• Current HPI: 166.9692
• 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

-13.0% since first listed

6 events — show timeline

• 2026-04-16 Price Changed $260,000 RLS at REBNY
• 2026-04-16 Price Changed $260,000 OneKey® MLS as Distributed by MLS Grid
• 2026-02-18 Price Changed $275,000 OneKey® MLS as Distributed by MLS Grid
• 2026-02-17 Price Changed $275,000 RLS at REBNY
• 2026-01-26 Listed $299,000 RLS at REBNY
• 2026-01-20 Listed $299,000 OneKey® MLS as Distributed by MLS Grid