1 Balint Dr #269 · Yonkers, NY 10710

$199,999

1 bd · 1.0 ba · 850 sqft · Condo · 82 Days on market

Built 1968

---

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 +27.7/30.0
• DSCR +9.8/10.0
• 1% rule +7.6/10.0
• ARV discount +7.5/15.0
• Schools +4.1/10.0
• Livability +3.4/5.0
• Rent growth +2.5/5.0
• Condition / age +2.5/5.0
• Appreciation +0.0/10.0

Listing remarks MLS

Welcome to the Carriage House.Spacious and Sunny One bedroom Co-op unit with NYC style High Ceilings in the heart of Central Avenue in North East Yonkers. This is perfect for first time home buyers or someone who is looking to downsize. Amenities!!!!!This well-managed complex has a large swimming pool, play gound, storage and bicycle room. The unit also comes with an assigned parking space-NO WAITLIST with a possibility for a second spot. A Commuters Dream!!! This home is within walking distance to express bus to Manhattan, Metro North. It is close I-87, Sprain Brook Parkway, Bronx River Parkway and Saw Mill Parkway.Close to All!!!Costco, Stew Leonard's, and Ridge Hill are just a few of the shopping. This is a nice opportunity to own a new apartment. This unit is priced to sell and an Excellent Value in Todays Market.

Key facts

• Parking
• Community pool
• Built 1968

🏢 Co-op / cooperative unit. The $199,999 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 1-bed/1.0-bath condo listed at $200k.

Deal economics

• At list price, monthly cash flow is $604 ($7k/yr) — positive.
• The deal already cash-flows at list — no discount required.
• Meets the 1% rule at list price ($3k rent vs $200k).
• Recommended offer: $188k (6.0% below list) — sets the bar for market timing.
• Cap rate 9.9% vs local median 5.3% in Yonkers — 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 68/100 on livability (#528 in NY) — a middle-class / working-renter tenant base. Strengths: employment A, commute B; Watch: amenities F, cost of living F.
• Yonkers City School District (suburban): math 41% / reading 54% proficiency, ranked #413 of 590 in NY (top 70%) — families likely to look elsewhere, expect single-tenant / working-renter base with shorter leases; 64% free/reduced lunch — lower-income household profile, screen leases tightly.
• Zoned schools: Yonkers Early Childhood Academy (327 students, 72% FRL); Yonkers Middle School (math 17% / reading 37%, grade F, #587 of 729 statewide, top 81%, 601 students, 88% FRL); Yonkers High School (math 92% / reading 88%, grade A+, #238 of 1,100 statewide, top 23%, 1,060 students, 76% FRL) — zoned schools average 79% FRL vs 64% district-wide (15 pts higher); higher-poverty schools than district average — tighter screening recommended.
• Market conditions: 166 active listings in the ZIP; 30 comparable units currently listed for rent nearby; rentals at typical pace (median 20d on market — plan ~3-4 weeks tenant-placement turnaround); solid renter incomes; 954 units permitted in Westchester County in 2024 (649 in 5+ unit buildings).

Forward outlook

• Local home prices are declining (-3.0%/yr); year-one equity from $1k of loan paydown is wiped out by about $6k of value loss. Plan a longer hold.
• Westchester County population projected at +10% by 2050 — modest demand growth; plan on rents tracking national, not racing it.
• At projected returns (-3.0% appreciation + 3.0% rent growth), your $56k cash investment doubles in ~9 years — after that, you're playing with house money.

Negotiation context

• It's been on market 82 days — a 6% lower offer ($188k) is reasonable based on typical stale-listing flexibility.
• 4 sale attempts since 22y 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 $145k; 38% above their basis — modest negotiation headroom, anchor on the comps not their cost.

Risks & watch-outs

• 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 $187,999 (6.0% below list)

Questions for the listing agent

1. It's been on market 82 days. Have you received any prior offers? Is the seller open to a 6% concession, seller financing, or rate buy-down credit?
2. Built in 1968 — 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. 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.
7. 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.
8. 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: 1.26% ✓
• Cap rate: 9.91%
• Cash-on-cash: 12.94%
• DSCR: 1.58
• GRM: 6.6

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: 2.8%
• Equity multiple: 1.11×
• Total profit: $6,075
• Equity at exit: $29,821

10-year hold

• IRR: 12.4%
• Equity multiple: 1.98×
• Total profit: $54,950
• Equity at exit: $17,292

Cash invested: $56,000 (down + closing). Projections, not guarantees.

Landlord ↔ Tenant lean methodology

• Overall (CITY): 5 Strongly Tenant-Friendly
• State New York: 15 Strongly Tenant-Friendly · D+10
• County: — inherits STATE
• City Yonkers: 5 Strongly Tenant-Friendly · D+20

Westchester rent guidelines board.

Methodology + full state rankings →

ZIP-level market 10710

• Active inventory: 166
• Price-to-rent: 6.6×

Monthly cashflow live

• Estimated rent: $2,514 high
• Mortgage (P&I): −$1,049
• Tax est. 1.5%: −$250 /mo · $3,000/yr
• Insurance: −$83
• HOA: −$0
• Vacancy / Maint / Mgmt: −$528
• Net cashflow: $604

Break-even live

Break-even rent $1,750

Max offer price $199,999

Occupancy floor 71%

Sensitivity live

Price	-10% $742	-5% $673	+0% $604	+5% $535	+10% $465
Rent	-10% $405	-5% $504	+0% $604	+5% $703	+10% $802
Rate	-1.0pp $704	-0.5pp $655	base $604	+0.5pp $552	+1.0pp $499

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: $50,000
• Closing costs: $6,000
• Reserves months: —
• Total cash needed: —

Rent comps 30 comps

Address	Beds	Baths	Sqft	Rent	$/sqft	DOM	Units	Dist
4 Sadore Ln Unit 2W Yonkers, NY	1.0	1.0	800	$2,000	$2.50	18d	1	0.15mi
1549 Central Park Ave Yonkers, NY	2.0	1.0	850	$2,400	$2.82	45d	1	0.48mi
717 Tuckahoe Rd Unit 16A Yonkers, NY	1.0	1.0	650	$2,495	$3.84	5d	1	0.49mi
12 Wainwright Ave Apt 1B Yonkers, NY	1.0	1.0	700	$1,950	$2.79	45d	1	0.52mi
8 Wainwright Ave Unit 2A Yonkers, NY	—	1.0	700	$1,600	$2.29	8d	1	0.55mi
70 Roundhill Dr Yonkers, NY	2.0	1.0	775	$3,200	$4.13	45d	1	0.59mi
128 Colonial Pkwy Unit 3B Yonkers, NY	1.0	1.0	871	$2,750	$3.16	45d	1	0.62mi
42 Winchester Ave Unit 2A Yonkers, NY	1.0	1.0	700	$2,100	$3.00	15d	1	0.67mi
601 Ridge Hill Blvd Yonkers, NY	2.0	1.0–2.0	819	$3,500	$4.27	8d	14	0.81mi
1 Elm St Unit 3B Tuckahoe, NY	2.0	1.0	1100	$3,200	$2.91	8d	1	0.84mi
1 Elm St Unit 3B Tuckahoe, NY	2.0	1.0	1100	$3,200	$2.91	11d	1	0.84mi
21 Scarsdale Rd Yonkers, NY	2.0	1.0	835	$3,795	$4.54	3d	21	0.85mi
111 Kensington Rd Unit 8 Bronxville, NY	1.0	1.0	825	$2,650	$3.21	14d	1	0.98mi
2 Consulate Dr Unit 1J Tuckahoe, NY	1.0	1.0	750	$2,700	$3.60	13d	1	1.02mi
64 Kensington Rd Apt 1A Bronxville, NY	1.0	1.0	800	$2,895	$3.62	12d	1	1.04mi
50 Columbus Ave Unit 817 Tuckahoe, NY	1.0	1.0	750	$3,000	$4.00	23d	1	1.04mi
50 Columbus Ave Apt 909 Tuckahoe, NY	2.0	2.0	871	$3,800	$4.36	0d	1	1.05mi
28 Kenilworth Rd Unit The Cottage Yonkers, NY	1.0	1.0	600	$1,950	$3.25	15d	1	1.07mi
39 Maynard St Unit 2E Tuckahoe, NY	2.0	1.0	875	$2,650	$3.03	45d	1	1.11mi
64 Sagamore Rd Unit A6 Bronxville, NY	1.0	1.0	850	$2,900	$3.41	5d	1	1.13mi
300 Columbus Ave Tuckahoe, NY	—	1.0	766	$3,100	$4.05	20d	5	1.20mi
23 Belknap Ave Yonkers, NY	1.0	1.0	700	$2,300	$3.29	25d	1	1.25mi
212 Alpine Pl Tuckahoe, NY	1.0	1.0	700	$2,700	$3.86	21d	1	1.25mi
40 Jackson Ave Eastchester, NY	1.0	1.0	725	$2,950	$4.07	16d	1	1.33mi
278 Mile Square Rd Yonkers, NY	2.0	1.0	1000	$2,650	$2.65	45d	1	1.33mi
47 Morgan St Eastchester, NY	2.0	1.0	1000	$4,000	$4.00	45d	1	1.35mi
Glen Rd Unit H Eastchester, NY	1.0	1.0	612	$2,200	$3.59	45d	1	1.42mi
2 Park Ave Unit 1B Eastchester, NY	1.0	1.0	740	$2,500	$3.38	45d	1	1.46mi
Fisher Ave Eastchester, NY	1.0	1.0	731	$2,500	$3.42	45d	1	1.47mi
51 Parkway Rd Apt 3 Bronxville, NY	1.0	1.0	1100	$3,100	$2.82	25d	1	1.47mi

HOA detail condo

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

Listing history 14 events

1. 2026-01-21
   status Pending
2. 2025-11-01
   listed $199,999 Active
3. 2025-10-29
   historical $199,999
4. 2021-07-20
   soldstatus $145,000 Closed 831-char remark

   Show marketing remark (831 chars)

   Welcome to the Carriage House.Spacious and Sunny One bedroom Co-op unit with NYC style High Ceilings in the heart of Central Avenue in North East Yonkers. This is perfect for first time home buyers or someone who is looking to downsize. Amenities!!!!!This well-managed complex has a large swimming pool, play gound, storage and bicycle room. The unit also comes with an assigned parking space-NO WAITLIST with a possibility for a second spot. A Commuters Dream!!! This home is within walking distance to express bus to Manhattan, Metro North. It is close I-87, Sprain Brook Parkway, Bronx River Parkway and Saw Mill Parkway.Close to All!!!Costco, Stew Leonard's, and Ridge Hill are just a few of the shopping. This is a nice opportunity to own a new apartment. This unit is priced to sell and an Excellent Value in Todays Market.

5. 2021-04-15
   status Pending 831-char remark

   Show marketing remark (831 chars)

   Welcome to the Carriage House.Spacious and Sunny One bedroom Co-op unit with NYC style High Ceilings in the heart of Central Avenue in North East Yonkers. This is perfect for first time home buyers or someone who is looking to downsize. Amenities!!!!!This well-managed complex has a large swimming pool, play gound, storage and bicycle room. The unit also comes with an assigned parking space-NO WAITLIST with a possibility for a second spot. A Commuters Dream!!! This home is within walking distance to express bus to Manhattan, Metro North. It is close I-87, Sprain Brook Parkway, Bronx River Parkway and Saw Mill Parkway.Close to All!!!Costco, Stew Leonard's, and Ridge Hill are just a few of the shopping. This is a nice opportunity to own a new apartment. This unit is priced to sell and an Excellent Value in Todays Market.

6. 2021-03-10
   price $159,000 831-char remark

   Show marketing remark (831 chars)

   Welcome to the Carriage House.Spacious and Sunny One bedroom Co-op unit with NYC style High Ceilings in the heart of Central Avenue in North East Yonkers. This is perfect for first time home buyers or someone who is looking to downsize. Amenities!!!!!This well-managed complex has a large swimming pool, play gound, storage and bicycle room. The unit also comes with an assigned parking space-NO WAITLIST with a possibility for a second spot. A Commuters Dream!!! This home is within walking distance to express bus to Manhattan, Metro North. It is close I-87, Sprain Brook Parkway, Bronx River Parkway and Saw Mill Parkway.Close to All!!!Costco, Stew Leonard's, and Ridge Hill are just a few of the shopping. This is a nice opportunity to own a new apartment. This unit is priced to sell and an Excellent Value in Todays Market.

7. 2020-12-18
   listed $169,000 Active 831-char remark

   Show marketing remark (831 chars)

   Welcome to the Carriage House.Spacious and Sunny One bedroom Co-op unit with NYC style High Ceilings in the heart of Central Avenue in North East Yonkers. This is perfect for first time home buyers or someone who is looking to downsize. Amenities!!!!!This well-managed complex has a large swimming pool, play gound, storage and bicycle room. The unit also comes with an assigned parking space-NO WAITLIST with a possibility for a second spot. A Commuters Dream!!! This home is within walking distance to express bus to Manhattan, Metro North. It is close I-87, Sprain Brook Parkway, Bronx River Parkway and Saw Mill Parkway.Close to All!!!Costco, Stew Leonard's, and Ridge Hill are just a few of the shopping. This is a nice opportunity to own a new apartment. This unit is priced to sell and an Excellent Value in Todays Market.

8. 2006-08-01
   soldstatus $165,000 197-char remark

   Show marketing remark (197 chars)

   Beautiful Unit In Pristine Condition. Bright & Spacious Rms W/ Large Walk In Closets. Lovely View From Living Rm Window !well Maintained Complex & Very Convenient Location To Everything

9. 2006-05-02
   price $178,000 197-char remark

   Show marketing remark (197 chars)

   Beautiful Unit In Pristine Condition. Bright & Spacious Rms W/ Large Walk In Closets. Lovely View From Living Rm Window !well Maintained Complex & Very Convenient Location To Everything

10. 2006-05-02
    historical 197-char remark

    Show marketing remark (197 chars)

    Beautiful Unit In Pristine Condition. Bright & Spacious Rms W/ Large Walk In Closets. Lovely View From Living Rm Window !well Maintained Complex & Very Convenient Location To Everything

11. 2006-01-20
    listed $165,000 197-char remark

    Show marketing remark (197 chars)

    Beautiful Unit In Pristine Condition. Bright & Spacious Rms W/ Large Walk In Closets. Lovely View From Living Rm Window !well Maintained Complex & Very Convenient Location To Everything

12. 2005-03-14
    price $135,000
13. 2005-03-14
    soldstatus $133,000
14. 2004-10-29
    listed $133,000

ⓘ 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 3/10 Moderate
• 🌡 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 3 unhealthy d/yr today · 5 by 30 yrs out

Taxation est. · year 1

• Rental income: $30,164
• − Mortgage interest: −$11,203
• − Property taxes: −$3,000
• − Insurance: −$1,000
• − Repairs & maintenance: −$2,413
• − Management: −$2,413
• − Depreciation: −$5,818
• Taxable income: $4,316
• Est. tax owed @ 24.0%: −$1,036
• After-tax cash flow: $6,208/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)

• District: Yonkers City School District
• NCES district ID: 3631920
• Math proficiency: 41% ▼ -1.00%
• Reading proficiency: 54% ▲ 14.00%
• Median HH income: $58,042
• Composite: 41.43/100
• National rank: #3471
• State rank: #413 of 590 in NY

Livability — Yonkers

• Score: 68/100
• State rank: #528
• US rank: #9394

Category grades

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

Schools grade is shown separately in the Schools card above.

Census & demographics

• Census place: Yonkers, NY
• County: Westchester County · 709,332 people
• City population: 212,407
• Metro: New York-Newark-Jersey City, NY-NJ-PA
• Population (ZIP): 25,855
• Household income: $108,845
• Rent vs Own: 29.3% rent · 70.7% own
• Severe rent burden: 920.0

Population outlook (Westchester County) Hauer SSP2

• Today (2025): 1,028,035 people
• By 2030: 1,051,636 · +2.3%
• By 2040: 1,098,520 · +6.9%
• By 2050: 1,136,044 · +10.5%
• By 2075: 1,196,925 · +16.4%
• By 2100: 1,175,147 · +14.3%

Race, ethnicity, and origin ACS 2023

• Neighborhood character: Highly diverse neighborhood (Simpson 0.72)
• Race & ethnicity: White 39% Hispanic / Latino 30% Black 14% Two or more races 12% Asian 11% Native American 2%
• Hispanic origin (detail): Mexican 1% Puerto Rican 9% Dominican 9%
• Common ancestry: Romanian 2% Scotch-Irish 1% Hispanic 1%
• Foreign-born: 26% · Canada, Jamaica, China
• Languages at home: 64% English-only · Spanish 18% Other Indo-European 6% Other Asian/Pacific 5%

Political lean MEDSL · Westchester

• 2024 margin: Strong D (+26.3) · D 63.1% · R 36.9%
• 2008→2024 swing: -1.3pp toward R · 2008: 27.6pp · 2024: 26.3pp
• All cycles: 2024: D+26.3 2020: D+36.3 2016: D+32.8 2012: D+22.2 2008: D+27.6

Not yet ingested

• Civics: —

Market trends

• HPI YoY: ▼ -622.30%
• Current HPI: 297.1704
• 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

+50.4% since first listed

14 events — show timeline

• 2026-01-21 Pending — OneKey® MLS as Distributed by MLS Grid
• 2025-11-01 Listed $199,999 OneKey® MLS as Distributed by MLS Grid
• 2025-10-29 Coming Soon $199,999 OneKey® MLS as Distributed by MLS Grid
• 2021-07-20 Sold (MLS) $145,000 OneKey® MLS as Distributed by MLS Grid
• 2021-04-15 Pending — OneKey® MLS as Distributed by MLS Grid
• 2021-03-10 Price Changed $159,000 OneKey® MLS as Distributed by MLS Grid
• 2020-12-18 Listed $169,000 OneKey® MLS as Distributed by MLS Grid
• 2006-08-01 Sold (MLS) $165,000 HGMLS
• 2006-05-02 Delisted — HGMLS
• 2006-05-02 Price Changed $178,000 HGMLS
• 2006-01-20 Listed $165,000 HGMLS
• 2005-03-14 Sold (MLS) $133,000 HGMLS
• 2005-03-14 Price Changed $135,000 HGMLS
• 2004-10-29 Listed $133,000 HGMLS