86-10 151st Ave Unit 3E · New York, NY 11414

$220,000

1 bd · 1.0 ba · 686 sqft · Condo · 11 Days on market

Built 1966

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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 +5.9/10.0
• Schools +5.0/10.0
• Livability +3.8/5.0
• Cash flow +3.6/30.0
• Rent growth +2.5/5.0
• Condition / age +2.5/5.0
• DSCR +0.0/10.0
• Appreciation +0.0/10.0

Listing remarks MLS

* Completely Renovated * This Sunny Apartment In Mint Condition. New Kitchen With Custom Wood Cabinets, Granite Countertops, Mosaic Design Backsplash And Tile Floor. Stainless Steel Appliances, New Bathroom With Mosaic Tiled Shower, Tile Floor, Hardwood Flooring, 5'X4' Walk-In Closet And Much More., Additional information: Appearance:Mint,Interior Features:Efficiency Kitchen,Lr/Dr

Key facts

• Built 1966
• Listed 11 days

Property features AI

Finance

• HOA & community: Building amenities include elevator(s), parking, and a playground

Exterior

• Parking: Assigned parking in a parking lot; Private parking (waitlist)
• Security: Fire sprinkler system
• Utilities: Public sewer; Cable connected; Electricity connected; Natural gas connected; Sewer connected; Water connected; Trash collection (private); See remarks for additional utility details
• Home design: Stock cooperative; Six-story building; One-level unit; Entry level: 3
• Construction: Brick construction
• Exterior features: Playground on the property; Fire sprinkler system; Not waterfront

Interior

• Kitchen: Dishwasher; Gas range; Refrigerator
• Bedrooms: Total rooms: 4
• Bathrooms: 1 full bathroom
• Heating & cooling: Oil heating; Wall/window AC unit(s)
• Interior features: Open floorplan; Galley-type kitchen; Walk-in closet(s); No basement; Located between 3rd and 5th floors
• Laundry & utility: Common area laundry

What this means for you Summary

Snapshot

• This is a 1-bed/1.0-bath condo listed at $220k.

Deal economics

• At list price, monthly cash flow is $-658 ($-8k/yr) — negative.
• The deal already cash-flows at list — no discount required.
• Meets the 1% rule at list price ($2k rent vs $220k).

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: 258 active listings in the ZIP; 2 comparable units currently listed for rent nearby; solid renter incomes; 5,302 units permitted in Queens County in 2024 (4,918 in 5+ unit buildings).
• This rent runs 30% of the median local income ($95k/yr) — at the standard rent-burdened threshold; future hikes will face affordability resistance.

Forward outlook

• Local home prices are declining (-3.0%/yr); year-one equity from $2k of loan paydown is wiped out by about $7k 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

• Only 11 days on market — expect competitive offers; lowballing is unlikely to land.
• 3 sale attempts since 13y 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 $118k; list at $220k implies a 87% gain — meaningful room to come down on a strong offer.

Risks & watch-outs

• Watch-outs: HOA is 43% of rent.
• Climate carrying-cost: major flood risk; major wind risk, 69% 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

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. What does the HOA fee cover, when was the last increase, and are there any pending special assessments or reserve-fund shortfalls?
4. 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?
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. 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?
9. 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.
10. 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.
11. 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: 1.09% ✓
• Cap rate: 2.70%
• Cash-on-cash: -12.82%
• DSCR: 0.43
• GRM: 7.7

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: -39.5%
• Equity multiple: -0.25×
• Total profit: $-76,880
• Equity at exit: $32,803

10-year hold

• IRR: -58.1%
• Equity multiple: -0.92×
• Total profit: $-118,183
• Equity at exit: $19,022

Cash invested: $61,600 (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 11414

• Active inventory: 258
• Price-to-rent: 7.7×

Monthly cashflow live

• Estimated rent: $2,393 medium
• Mortgage (P&I): −$1,154
• Tax est. 1.5%: −$275 /mo · $3,300/yr
• Insurance: −$92
• HOA est. from 2 same-building comps: −$1,028
• Vacancy / Maint / Mgmt: −$503
• Net cashflow: $-658

Break-even live

Break-even rent $3,226

Max offer price $124,810

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: $55,000
• Closing costs: $6,600
• Reserves months: —
• Total cash needed: —

Rent comps 2 comps

Address	Beds	Baths	Sqft	Rent	$/sqft	DOM	Units	Dist
9105 107th Ave Ozone Park, NY	1.0	1.0	648	$2,400	$3.70	18d	1	0.74mi
91-19 75th St #1 Woodhaven, NY	1.0	1.0	600	$2,100	$3.50	7d	1	1.48mi

HOA detail condo

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

Listing history 8 events

1. 2026-06-01
   days on market $220,000 Active 11 DOM
2. 2026-05-31
   days on market $220,000 Active 10 DOM
3. 2026-05-21
   listed $220,000 Active
4. 2013-07-11
   soldstatus $117,500 383-char remark

   Show marketing remark (302 chars)

   * Completely Renovated * This Sunny Apartment In Mint Condition. New Kitchen With Custom Wood Cabinets, Granite Countertops, Mosaic Design Backsplash And Tile Floor. Stainless Steel Appliances, New Bathroom With Mosaic Tiled Shower, Tile Floor, Hardwood Flooring, 5'X4' Walk-In Closet And Much More.

5. 2013-07-11
   soldstatus $117,500 Closed 302-char remark

   Show marketing remark (302 chars)

   * Completely Renovated * This Sunny Apartment In Mint Condition. New Kitchen With Custom Wood Cabinets, Granite Countertops, Mosaic Design Backsplash And Tile Floor. Stainless Steel Appliances, New Bathroom With Mosaic Tiled Shower, Tile Floor, Hardwood Flooring, 5'X4' Walk-In Closet And Much More.

6. 2013-04-01
   status Under Contract 302-char remark

   Show marketing remark (302 chars)

   * Completely Renovated * This Sunny Apartment In Mint Condition. New Kitchen With Custom Wood Cabinets, Granite Countertops, Mosaic Design Backsplash And Tile Floor. Stainless Steel Appliances, New Bathroom With Mosaic Tiled Shower, Tile Floor, Hardwood Flooring, 5'X4' Walk-In Closet And Much More.

7. 2013-01-07
   listed $125,000 New 302-char remark

   Show marketing remark (383 chars)

   * Completely Renovated * This Sunny Apartment In Mint Condition. New Kitchen With Custom Wood Cabinets, Granite Countertops, Mosaic Design Backsplash And Tile Floor. Stainless Steel Appliances, New Bathroom With Mosaic Tiled Shower, Tile Floor, Hardwood Flooring, 5'X4' Walk-In Closet And Much More., Additional information: Appearance:Mint,Interior Features:Efficiency Kitchen,Lr/Dr

8. 2013-01-07
   listed $125,000 383-char remark

   Show marketing remark (383 chars)

   * Completely Renovated * This Sunny Apartment In Mint Condition. New Kitchen With Custom Wood Cabinets, Granite Countertops, Mosaic Design Backsplash And Tile Floor. Stainless Steel Appliances, New Bathroom With Mosaic Tiled Shower, Tile Floor, Hardwood Flooring, 5'X4' Walk-In Closet And Much More., Additional information: Appearance:Mint,Interior Features:Efficiency Kitchen,Lr/Dr

ⓘ 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 6/10 Major FEMA zone X (unshaded) · 68% chance over 30 yrs
• 🔥 Wildfire 1/10 Low
• 🌡 Heat 7/10 Severe 7 d/yr ≥98°F today · 15 d/yr by 30 yrs out
• 💨 Wind 6/10 Major 69% chance of damaging wind over 30 yrs
• 🫁 Air quality 4/10 Moderate 6 unhealthy d/yr today · 6 by 30 yrs out

Taxation est. · year 1

• Rental income: $28,717
• − Mortgage interest: −$12,323
• − Property taxes: −$3,300
• − Insurance: −$1,100
• − Repairs & maintenance: −$2,297
• − Management: −$2,297
• − HOA: −$12,336
• − Depreciation: −$6,400
• Taxable loss: −$11,337
• Est. tax savings @ 24.0%: +$2,721
• After-tax cash flow: $-5,173/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): 31,308
• Household income: $95,051
• Rent vs Own: 26.9% rent · 73.1% own
• Severe rent burden: 985.0

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 0.56)
• Race & ethnicity: White 61% Hispanic / Latino 25% Two or more races 13% Black 5% Asian 5%
• Hispanic origin (detail): Puerto Rican 11% Dominican 6%
• Common ancestry: Romanian 4% Scotch-Irish 1%
• Foreign-born: 20% · Canada, Jamaica, China
• Languages at home: 63% English-only · Spanish 17% Other Indo-European 14% Russian/Polish/Slavic 2%

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: ▼ -227.02%
• Current HPI: 206.6334
• Rent YoY: —
• 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

+76.0% since first listed

6 events — show timeline

• 2026-05-21 Listed $220,000 OneKey® MLS as Distributed by MLS Grid
• 2013-07-11 Sold (MLS) $117,500 MLSLI
• 2013-07-11 Sold (MLS) $117,500 OneKey® MLS as Distributed by MLS Grid
• 2013-04-01 Pending — MLSLI
• 2013-01-07 Listed $125,000 MLSLI
• 2013-01-07 Listed $125,000 OneKey® MLS as Distributed by MLS Grid