1332 Metropolitan Ave Unit 6K · New York, NY 10462

$255,007

2 bd · 1.0 ba · 800 sqft · Condo · 99 Days on market

Built 1962

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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
• 1% rule +5.5/10.0
• Schools +5.0/10.0
• Cash flow +4.9/30.0
• Rent growth +4.9/5.0
• Livability +3.8/5.0
• Condition / age +2.5/5.0
• DSCR +0.0/10.0
• Appreciation +0.0/10.0

Listing remarks MLS

Great location, don't even need a car, 1 Block from the 6 train, walking distance to the Parkchester Mall. No pets allowed. Wait list for indoor parking. 2 BEDROOM APARTMENT. Currently their is a tenant residing in this unit with a lease until 11/30/17. Their rent is $1,500.00 monthly. The maintenance for this unit is only $758.16. There is a nice profit here, with not much to do. It it good for an investment or to purchase to live in after the lease has expired. Board approval is required. Additional Information: HeatingFuel:Oil Above Ground,

Key facts

• Garage
• Built 1962
• Listed 99 days

Tags

• GREAT LOCATION IN PARKCHESTER
• 1 BLOCK FROM THE 6 TRAIN

Property features AI

Finance

• Other: Additional fees assessed monthly
• HOA & community: Elevator service; Landscaping and grounds maintenance; Live-in superintendent; Building maintenance; Parking provided; Snow removal; Trash service; Additional monthly capital improvement assessment of $167.63

Exterior

• Parking: Assigned parking; Common parking; Garage parking with garage door opener; On-street parking (waitlist may apply)
• Utilities: Con-Edison electric service; Public sewer; Cable available; Electricity available and connected; Natural gas available and connected; Water connected
• Home design: Stock cooperative; 7-story building; Entry on 6th floor
• Construction: Brick exterior; Block foundation
• Exterior features: Mailbox; Rain gutters; City lot

Interior

• Kitchen: Gas cooktop; Gas oven; Gas range; Oven; Refrigerator; Trash compactor
• Bedrooms: One-level unit (Entry level: 6)
• Flooring: Hardwood floors
• Bathrooms: 1 full bathroom
• Heating & cooling: Hot water heating; Oil heating; Other heating; Wall/window air conditioning units
• Interior features: Eat-in kitchen; Elevator access; Natural woodwork; Other interior features; Blinds and casement windows; Partial basement with walk-out access
• Laundry & utility: Common area laundry; Laundry in basement

🏢 Co-op / cooperative unit. The $255,007 price buys shares in the cooperative corporation, not the real estate itself — so it isn't comparable to a fee-simple sale price, and the cashflow / cap-rate / 1%-rule cards below (which assume you own the property and can rent it out) don't apply here. Expect board approval and a monthly maintenance fee on top of the price.

What this means for you Summary

Snapshot

• This is a 2-bed/1.0-bath condo listed at $255k.

Deal economics

• At list price, monthly cash flow is $-613 ($-7k/yr) — negative.
• The deal already cash-flows at list — no discount required.
• Meets the 1% rule at list price ($3k rent vs $255k).
• Recommended offer: $232k (9.0% below list) — sets the bar for market timing.
• Cap rate 3.4% 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.
• Zoned schools: Ps 106 Parkchester (math 17% / reading 37%, grade F, #1,786 of 2,108 statewide, top 86%, 889 students, 79% FRL); Jhs 383 Philippa Schuyler (math 32% / reading 67%, grade C, #280 of 729 statewide, top 40%, 822 students, 85% 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 (+9.4%/yr); 192 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 $2,688/mo this rent would consume 53% of the median local household income ($61k/yr) (locally 7650% 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 $2k of loan paydown is wiped out by about $8k 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 99 days — a 9% lower offer ($232k) is reasonable based on typical stale-listing flexibility.
• 3 sale attempts since 9y 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.
• Current owner paid $147k; list at $255k implies a 73% gain — meaningful room to come down on a strong offer.

Risks & watch-outs

• Watch-outs: HOA is 36% of rent.
• 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 $232,056 (9.0% 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 99 days. Have you received any prior offers? Is the seller open to a 9% concession, seller financing, or rate buy-down credit?
3. Built in 1962 — 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: 1.05% ✓
• Cap rate: 3.41%
• Cash-on-cash: -10.31%
• DSCR: 0.54
• GRM: 7.9

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: -25.3%
• Equity multiple: 0.08×
• Total profit: $-65,541
• Equity at exit: $38,022

10-year hold

• IRR: -6.6%
• Equity multiple: 0.44×
• Total profit: $-40,112
• Equity at exit: $22,048

Cash invested: $71,402 (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 10462

• Home prices YoY: -10.4%
• Rents YoY: 9.4%
• Active inventory: 192
• Price-to-rent: 7.9×

Monthly cashflow live

• Estimated rent: $2,688 medium
• Mortgage (P&I): −$1,337
• Tax est. 1.5%: −$319 /mo · $3,825/yr
• Insurance: −$106
• HOA est. from 3 same-building comps: −$975
• Vacancy / Maint / Mgmt: −$565
• Net cashflow: $-613

Break-even live

Break-even rent $3,465

Max offer price $166,249

Occupancy floor —

Sensitivity live

Price	-10% $-437	-5% $-525	+0% $-613	+5% $-702	+10% $-790
Rent	-10% $-826	-5% $-720	+0% $-613	+5% $-507	+10% $-401
Rate	-1.0pp $-485	-0.5pp $-549	base $-613	+0.5pp $-679	+1.0pp $-747

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: $63,752
• Closing costs: $7,650
• Reserves months: —
• Total cash needed: —

Rent comps 1 comps

Address	Beds	Baths	Sqft	Rent	$/sqft	DOM	Units	Dist
620 Rosedale Ave Bronx, NY	3.0	1.0	1053	$3,643	$3.46	26d	1	1.18mi

HOA detail condo

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

Listing history 18 events

1. 2026-06-21
   days on market $255,007 Active 99 DOM
2. 2026-06-18
   days on market $255,007 Active 96 DOM
3. 2026-06-17
   days on market $255,007 Active 95 DOM
4. 2026-06-15
   days on market $255,007 Active 93 DOM
5. 2026-06-13
   days on market $255,007 Active 91 DOM
6. 2026-06-10
   days on market $255,007 Active 87 DOM
7. 2026-06-08
   days on market $255,007 Active 86 DOM
8. 2026-06-08
   days on market $255,007 Active 85 DOM
9. 2026-06-04
   days on market $255,007 Active 82 DOM
10. 2026-06-03
    days on market $255,007 Active 81 DOM
11. 2026-06-01
    days on market $255,007 Active 79 DOM
12. 2026-05-31
    days on market $255,007 Active 78 DOM
13. 2026-04-28
    price $255,007
14. 2026-04-01
    status Active
15. 2026-01-30
    listed $259,007 Active
16. 2017-06-20
    soldstatus $147,000 Sold 555-char remark

    Show marketing remark (555 chars)

    Great location, don't even need a car, 1 Block from the 6 train, walking distance to the Parkchester Mall. No pets allowed. Wait list for indoor parking. 2 BEDROOM APARTMENT. Currently their is a tenant residing in this unit with a lease until 11/30/17. Their rent is $1,500.00 monthly. The maintenance for this unit is only $758.16. There is a nice profit here, with not much to do. It it good for an investment or to purchase to live in after the lease has expired. Board approval is required. Additional Information: HeatingFuel:Oil Above Ground,

17. 2017-06-01
    historical Pending 555-char remark

    Show marketing remark (555 chars)

    Great location, don't even need a car, 1 Block from the 6 train, walking distance to the Parkchester Mall. No pets allowed. Wait list for indoor parking. 2 BEDROOM APARTMENT. Currently their is a tenant residing in this unit with a lease until 11/30/17. Their rent is $1,500.00 monthly. The maintenance for this unit is only $758.16. There is a nice profit here, with not much to do. It it good for an investment or to purchase to live in after the lease has expired. Board approval is required. Additional Information: HeatingFuel:Oil Above Ground,

18. 2017-03-17
    listed $159,007 Active 555-char remark

    Show marketing remark (555 chars)

    Great location, don't even need a car, 1 Block from the 6 train, walking distance to the Parkchester Mall. No pets allowed. Wait list for indoor parking. 2 BEDROOM APARTMENT. Currently their is a tenant residing in this unit with a lease until 11/30/17. Their rent is $1,500.00 monthly. The maintenance for this unit is only $758.16. There is a nice profit here, with not much to do. It it good for an investment or to purchase to live in after the lease has expired. Board approval is required. Additional Information: HeatingFuel:Oil Above Ground,

ⓘ 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 4/10 Moderate 5 unhealthy d/yr today · 6 by 30 yrs out

Taxation est. · year 1

• Rental income: $32,262
• − Mortgage interest: −$14,284
• − Property taxes: −$3,825
• − Insurance: −$1,275
• − Repairs & maintenance: −$2,581
• − Management: −$2,581
• − HOA: −$11,700
• − Depreciation: −$7,418
• Taxable loss: −$11,403
• Est. tax savings @ 24.0%: +$2,737
• After-tax cash flow: $-4,624/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): 76,320
• Household income: $60,966
• Rent vs Own: 76.5% rent · 23.5% own
• Severe rent burden: 7650.0

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 0.70)
• Race & ethnicity: Hispanic / Latino 46% Black 22% Asian 18% White 10% Two or more races 9% Native American 1%
• Hispanic origin (detail): Mexican 4% Puerto Rican 17% Dominican 15%
• Foreign-born: 34% · Canada, China, Vietnam
• Languages at home: 39% English-only · Spanish 36% Other Indo-European 16% Arabic 3%

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: ▼ -41.59%
• Current HPI: 356.326
• Rent YoY: ▲ 9.43%
• 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

+60.4% since first listed

6 events — show timeline

• 2026-04-28 Price Changed $255,007 OneKey® MLS as Distributed by MLS Grid
• 2026-04-01 Relisted — OneKey® MLS as Distributed by MLS Grid
• 2026-01-30 Listed $259,007 OneKey® MLS as Distributed by MLS Grid
• 2017-06-20 Sold (MLS) $147,000 OneKey® MLS as Distributed by MLS Grid
• 2017-06-01 Contingent — OneKey® MLS as Distributed by MLS Grid
• 2017-03-17 Listed $159,007 OneKey® MLS as Distributed by MLS Grid