530 159th #2 · New York, NY 10451

$179,000

2 bd · 1.0 ba · 850 sqft · Condo · 102 Days on market

Built 1950 Fair condition

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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 +5.3/10.0
• Schools +5.0/10.0
• Livability +3.8/5.0
• Rent growth +3.1/5.0
• Condition / age +2.2/5.0

Listing remarks

Beautiful, well-maintained 2-bedroom HDFC co-op at 530 E 159th Street ( Income Requirement), Apartment 2. Bright home with hardwood floors, spacious bedrooms, and great natural light. Located in a well-kept building near shops, parks, and public transportation.

Key facts

• Well-kept building
• Natural light
• Near parks

Tags

• HARDWOOD FLOORS
• NATURAL LIGHT
• WELL-KEPT BUILDING
• NEAR SHOPS
• NEAR PARKS
• NEAR PUBLIC TRANSPORTATION

Property features AI

Exterior

• Parking: On-street parking
• Utilities: Electric service by Con Edison; Public sewer; Utilities: See remarks
• Home design: Stock cooperative property type
• Construction: Brick construction
• Exterior features: Brick construction; Not waterfront

Interior

• Kitchen: Appliances: Other (specifics not provided)
• Bedrooms: Total of 5 rooms (configuration not specified)
• Bathrooms: One full bathroom
• Heating & cooling: Baseboard heating; Oil heating; Radiant heating; Wall/window air conditioning units
• Interior features: Original details; Five total stories in the building; One-level unit with entry on level 1
• Laundry & utility: Laundry located outside the unit

What this means for you Summary

Snapshot

• This is a 2-bed/1.0-bath condo listed at $179k. Condition is rated fair.

Deal economics

• At list price, monthly cash flow is $2k ($20k/yr) — positive.
• The deal already cash-flows at list — no discount required.
• Meets the 1% rule at list price ($4k rent vs $179k).
• Recommended offer: $163k (9.0% below list) — sets the bar for market timing.
• Cap rate 17.7% 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: Elm Tree Elementary School (math 27% / reading 52%, grade F, #1,444 of 2,108 statewide, top 71%, 806 students, 94% 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 (+2.6%/yr); 69 active listings in the ZIP; 2 comparable units currently listed for rent nearby; lower-income renter base — watch delinquency; 6,929 units permitted in Bronx County in 2024 (6,829 in 5+ unit buildings).
• At $3,728/mo this rent would consume 115% of the median local household income ($39k/yr) (locally 6917% of renters already pay >50% of income on rent) — very limited rent-growth headroom before tenants either downsize or default.

Forward outlook

• In year one you build about $2k of equity ($1k loan paydown + $1k appreciation (0.7% local appreciation)).
• Bronx County population projected at +21% by 2050 — long-run rental-demand tailwind backs the buy-and-hold thesis.
• At projected returns (0.7% appreciation + 2.6% rent growth), your $50k cash investment doubles in ~3 years — after that, you're playing with house money.

Negotiation context

• It's been on market 102 days — a 9% lower offer ($163k) is reasonable based on typical stale-listing flexibility.

Risks & watch-outs

• Watch-outs: flood insurance adds $66/mo; built in 1950 — expect roof / HVAC / electrical / plumbing capex.
• Climate carrying-cost: severe 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 $162,890 (9.0% below list)

Questions for the listing agent

1. It's been on market 102 days. Have you received any prior offers? Is the seller open to a 9% concession, seller financing, or rate buy-down credit?
2. Have any recent inspections been done? Can we get a copy of the seller's disclosures and any deferred-maintenance estimates?
3. Built in 1950 — when were the roof, HVAC, electrical panel, plumbing, and water heater last replaced?
4. What's the actual annual flood-insurance premium (NFIP or private), and is the property in a SFHA with mandatory coverage?
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. 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.
11. 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.
12. 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: 2.08% ✓
• Cap rate: 17.75%
• Cash-on-cash: 40.90%
• DSCR: 2.82
• GRM: 4.0

CMA / ARV

No comps found within radius.

Projected returns pro-forma

0.67% appreciation · 2.57% rent growth · sell at horizon

5-year hold

• IRR: 40.9%
• Equity multiple: 3.07×
• Total profit: $103,511
• Equity at exit: $58,025

10-year hold

• IRR: 43.0%
• Equity multiple: 5.96×
• Total profit: $248,742
• Equity at exit: $74,780

Cash invested: $50,120 (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 10451

• Home prices YoY: 0.7%
• Rents YoY: 2.6%
• Active inventory: 69
• Price-to-rent: 4.0×

Monthly cashflow live

• Estimated rent: $3,728 medium
• Mortgage (P&I): −$939
• Tax est. 1.5%: −$224 /mo · $2,685/yr
• Insurance: −$75
• Flood insurance flood zone: −$66 /mo · $798/yr
• HOA: −$0
• Vacancy / Maint / Mgmt: −$783
• Net cashflow: $1,642

Break-even live

Break-even rent $1,650

Max offer price $179,000

Occupancy floor 51%

Sensitivity live

Price	-10% $1,766	-5% $1,704	+0% $1,642	+5% $1,580	+10% $1,518
Rent	-10% $1,347	-5% $1,495	+0% $1,642	+5% $1,789	+10% $1,936
Rate	-1.0pp $1,732	-0.5pp $1,687	base $1,642	+0.5pp $1,595	+1.0pp $1,548

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: $44,750
• Closing costs: $5,370
• Reserves months: —
• Total cash needed: —

Rent comps 2 comps

Address	Beds	Baths	Sqft	Rent	$/sqft	DOM	Units	Dist
2413 3rd Ave Bronx, NY	1.0–3.0	1.0–2.0	857	$4,022	$4.69	1d	21	1.41mi
5 Lincoln Ave Bronx, NY	1.0–3.0	1.0–2.5	1011	$5,138	$5.08	0d	181	1.43mi

HOA detail condo

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

Listing history 13 events

1. 2026-06-21
   days on market $179,000 Active 102 DOM
2. 2026-06-18
   days on market $179,000 Active 99 DOM
3. 2026-06-17
   days on market $179,000 Active 98 DOM
4. 2026-06-15
   days on market $179,000 Active 96 DOM
5. 2026-06-13
   days on market $179,000 Active 94 DOM
6. 2026-06-10
   days on market $179,000 Active 90 DOM
7. 2026-06-08
   days on market $179,000 Active 89 DOM
8. 2026-06-08
   days on market $179,000 Active 88 DOM
9. 2026-06-04
   days on market $179,000 Active 85 DOM
10. 2026-06-03
    days on market $179,000 Active 84 DOM
11. 2026-06-01
    days on market $179,000 Active 82 DOM
12. 2026-05-31
    days on market $179,000 Active 81 DOM
13. 2026-03-11
    listed $179,000 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 8/10 Severe FEMA zone X (unshaded) · 99% 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: $44,739
• − Mortgage interest: −$10,027
• − Property taxes: −$2,685
• − Insurance: −$1,692
• − Repairs & maintenance: −$3,579
• − Management: −$3,579
• − Depreciation: −$5,207
• Taxable income: $17,969
• Est. tax owed @ 24.0%: −$4,313
• After-tax cash flow: $15,389/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 · 13 photos

Fair 45/100 Moderate rehab

This property requires moderate repairs and maintenance, including a new HVAC system, exterior painting, landscaping, and floor refinishing. These updates would significantly improve its resale and rental value.

Repairs flagged

• Major roof — The roof appears to be old and weathered, indicating a major repair is needed.
• Moderate exterior paint — The exterior paint is peeling in some areas, indicating a moderate repair is needed.
• Minor hardwood flooring — The flooring looks worn and could benefit from refinishing, which is a minor repair.
• Moderate interior paint — The interior paint appears to be chipping in some areas, indicating a moderate repair is needed.
• Moderate HVAC unit — The HVAC unit is old and may need replacement, which is a moderate repair.
• Major landscaping — The landscaping is minimal and in poor condition, indicating a major repair is needed to improve curb appeal.

Value-add opportunities

• Both HVAC replacement — A new HVAC system would improve comfort and energy efficiency, benefiting both resale and rental value.
• Both exterior painting — Fresh paint would improve the home's curb appeal and overall appearance, benefiting both resale and rental value.
• Both landscaping — A well-maintained garden would enhance the home's curb appeal and attract more potential buyers or renters.
• Both floor refinishing — Refinished hardwood floors would improve the home's appearance and increase its value for both resale and rental.

Renovation cost estimate screening

Repair item	Severity	Est. cost
roof · The roof appears to be old and weathered, indicating a major repair is needed.	Major	$15,000–50,000
exterior paint · The exterior paint is peeling in some areas, indicating a moderate repair is needed.	Moderate	$3,000–15,000
hardwood flooring · The flooring looks worn and could benefit from refinishing, which is a minor repair.	Minor	$500–3,000
interior paint · The interior paint appears to be chipping in some areas, indicating a moderate repair is needed.	Moderate	$3,000–15,000
HVAC unit · The HVAC unit is old and may need replacement, which is a moderate repair.	Moderate	$3,000–15,000
landscaping · The landscaping is minimal and in poor condition, indicating a major repair is needed to improve curb appeal.	Major	$15,000–50,000
Total estimated repair cost · 6 items		$39,500–148,000

Value-add ROI direction

• Both HVAC replacement — A new HVAC system would improve comfort and energy efficiency, benefiting both resale and rental value. ↑
• Both exterior painting — Fresh paint would improve the home's curb appeal and overall appearance, benefiting both resale and rental value. ↑
• Both landscaping — A well-maintained garden would enhance the home's curb appeal and attract more potential buyers or renters. ↑
• Both floor refinishing — Refinished hardwood floors would improve the home's appearance and increase its value for both resale and rental. ↑

ⓘ 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)

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): 50,942
• Household income: $38,770
• Rent vs Own: 86.4% rent · 13.6% own
• Severe rent burden: 6917.0

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 0.58)
• Race & ethnicity: Hispanic / Latino 51% Black 40% Two or more races 12% White 6% Asian 1%
• Hispanic origin (detail): Mexican 3% Puerto Rican 14% Dominican 24%
• Common ancestry: Scotch-Irish 1%
• Foreign-born: 29% · Canada, United Kingdom, China
• Languages at home: 46% English-only · Spanish 42% French/Haitian/Cajun 3% Arabic 1%

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: ▲ 0.67%
• Current HPI: 102.1498
• Rent YoY: ▲ 2.57%
• 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

1 event — show timeline

• 2026-03-11 Listed $179,000 OneKey® MLS as Distributed by MLS Grid