4320 Van Cortlandt Park East Unit 4L · New York, NY 10470

$144,999

1 bd · 1.0 ba · 850 sqft · Condo · 214 Days on market

Built 1958

---

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
• Schools +5.0/10.0
• Livability +3.8/5.0
• Rent growth +2.5/5.0
• Condition / age +2.5/5.0
• Appreciation +0.0/10.0

Listing remarks MLS

Commuter's Dream MOVE-IN ready one bedroom apartment in the highly sought after Woodlawn Section of The Bronx. Additional Information: HeatingFuel:Oil Above Ground,

Key facts

• Spacious livingroom
• Ample closet space
• Close to shopping

Tags

• AMPLE CLOSET SPACE
• SPACIOUS LIVINGROOM
• CONVENIENCE OF LAUNDRY
• CLOSE TO TRANSPORTATION
• CLOSE TO SHOPPING

What this means for you Summary

Snapshot

• This is a 1-bed/1.0-bath condo listed at $145k.

Deal economics

• At list price, monthly cash flow is $757 ($9k/yr) — positive.
• The deal already cash-flows at list — no discount required.
• Meets the 1% rule at list price ($2k rent vs $145k).
• Recommended offer: $128k (12.0% below list) — sets the bar for market timing.
• Cap rate 12.6% 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: 66 active listings in the ZIP; 9 comparable units currently listed for rent nearby; rentals at typical pace (median 25d on market — plan ~3-4 weeks tenant-placement turnaround); 44% of comp listings sitting > 30 days — soft ceiling on asking rent; solid renter incomes; 6,929 units permitted in Bronx County in 2024 (6,829 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 $4k 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.
• At projected returns (-3.0% appreciation + 3.0% rent growth), your $41k cash investment doubles in ~6 years — after that, you're playing with house money.

Negotiation context

• It's been on market 214 days — a 12% lower offer ($128k) is reasonable based on typical stale-listing flexibility.
• 7 sale attempts since 11y ago; this cycle's ask has dropped $10k (6%) from the opening price — seller is motivated, your offer sets the floor, not the list.

Risks & watch-outs

• Watch-outs: built in 1958 — expect roof / HVAC / electrical / plumbing capex.
• Climate carrying-cost: major wind risk, 27% chance of damaging wind over 30y; extreme-heat days projected 6→11/yr by 2055 (HVAC capex compounding) — expect insurance premiums to compound above CPI over the hold.

Recommended offer $127,599 (12.0% below list)

Questions for the listing agent

1. It's been on market 214 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 1958 — 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: 1.54% ✓
• Cap rate: 12.56%
• Cash-on-cash: 22.39%
• DSCR: 2.00
• GRM: 5.4

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: 15.2%
• Equity multiple: 1.61×
• Total profit: $24,780
• Equity at exit: $21,620

10-year hold

• IRR: 23.9%
• Equity multiple: 3.06×
• Total profit: $83,834
• Equity at exit: $12,537

Cash invested: $40,600 (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 10470

• Home prices YoY: -28.6%
• Active inventory: 66
• Price-to-rent: 5.4×

Monthly cashflow live

• Estimated rent: $2,227 high
• Mortgage (P&I): −$760
• Tax est. 1.5%: −$181 /mo · $2,175/yr
• Insurance: −$60
• HOA: −$0
• Vacancy / Maint / Mgmt: −$468
• Net cashflow: $757

Break-even live

Break-even rent $1,268

Max offer price $144,999

Occupancy floor 61%

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: $36,250
• Closing costs: $4,350
• Reserves months: —
• Total cash needed: —

Rent comps 9 comps

Address	Beds	Baths	Sqft	Rent	$/sqft	DOM	Units	Dist
675 McLean Ave Unit 006H Yonkers, NY	1.0	1.0	577	$2,071	$3.59	5d	1	0.66mi
135 Wakefield Ave Yonkers, NY	2.0	1.0	850	$3,000	$3.53	44d	2	0.94mi
216 1st St Unit 1 Yonkers, NY	1.0	1.0	600	$2,000	$3.33	44d	1	1.06mi
57 Putnam Ave Yonkers, NY	2.0	1.0	900	$3,000	$3.33	12d	1	1.13mi
57 Putnam Ave Yonkers, NY	2.0	1.0	900	$3,000	$3.33	22d	1	1.13mi
255 Bronx River Rd Unit 4R Yonkers, NY	1.0	1.0	800	$2,250	$2.81	24d	1	1.21mi
130 Harrison Ave Yonkers, NY	1.0	1.0	650	$1,900	$2.92	44d	1	1.21mi
249 McLean Ave Unit 1B Yonkers, NY	1.0	1.0	700	$2,500	$3.57	18d	1	1.24mi
277 Bronx River Rd Apt 3M Yonkers, NY	—	1.0	550	$1,700	$3.09	44d	1	1.25mi

HOA detail condo

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

Listing history 21 events

1. 2025-11-10
   status Pending
2. 2025-07-22
   price $144,999
3. 2025-06-16
   price $154,999
4. 2025-06-06
   status Active
5. 2025-03-19
   status Pending
6. 2025-01-06
   listed $155,000 Active
7. 2021-11-23
   soldstatus $155,000 Closed 164-char remark

   Show marketing remark (164 chars)

   Commuter's Dream MOVE-IN ready one bedroom apartment in the highly sought after Woodlawn Section of The Bronx. Additional Information: HeatingFuel:Oil Above Ground,

8. 2021-07-31
   status Pending 164-char remark

   Show marketing remark (164 chars)

   Commuter's Dream MOVE-IN ready one bedroom apartment in the highly sought after Woodlawn Section of The Bronx. Additional Information: HeatingFuel:Oil Above Ground,

9. 2021-07-04
   price $160,000 164-char remark

   Show marketing remark (164 chars)

   Commuter's Dream MOVE-IN ready one bedroom apartment in the highly sought after Woodlawn Section of The Bronx. Additional Information: HeatingFuel:Oil Above Ground,

10. 2021-05-20
    listed $165,000 Active 164-char remark

    Show marketing remark (164 chars)

    Commuter's Dream MOVE-IN ready one bedroom apartment in the highly sought after Woodlawn Section of The Bronx. Additional Information: HeatingFuel:Oil Above Ground,

11. 2016-11-08
    soldstatus $115,000 Sold 339-char remark

    Show marketing remark (339 chars)

    Spacious renovated one bedroom unit located in the desirable Woodlawn section. Large living room, modern kitchen, dining area, spacious bedroom and updated bath. Beautiful hardwood floors throughout and plenty of closets. Well maintained, financially secure building. Low maintenance. Close to park. Easy commute to NYC. Convenient to all.

12. 2016-11-08
    price $115,000 339-char remark

    Show marketing remark (339 chars)

    Spacious renovated one bedroom unit located in the desirable Woodlawn section. Large living room, modern kitchen, dining area, spacious bedroom and updated bath. Beautiful hardwood floors throughout and plenty of closets. Well maintained, financially secure building. Low maintenance. Close to park. Easy commute to NYC. Convenient to all.

13. 2016-11-08
    soldstatus $115,000

    Show marketing remark (339 chars)

    Spacious renovated one bedroom unit located in the desirable Woodlawn section. Large living room, modern kitchen, dining area, spacious bedroom and updated bath. Beautiful hardwood floors throughout and plenty of closets. Well maintained, financially secure building. Low maintenance. Close to park. Easy commute to NYC. Convenient to all.

14. 2016-06-02
    historical Pending 339-char remark

    Show marketing remark (339 chars)

    Spacious renovated one bedroom unit located in the desirable Woodlawn section. Large living room, modern kitchen, dining area, spacious bedroom and updated bath. Beautiful hardwood floors throughout and plenty of closets. Well maintained, financially secure building. Low maintenance. Close to park. Easy commute to NYC. Convenient to all.

15. 2016-06-01
    price $120,000 339-char remark

    Show marketing remark (339 chars)

    Spacious renovated one bedroom unit located in the desirable Woodlawn section. Large living room, modern kitchen, dining area, spacious bedroom and updated bath. Beautiful hardwood floors throughout and plenty of closets. Well maintained, financially secure building. Low maintenance. Close to park. Easy commute to NYC. Convenient to all.

16. 2016-04-18
    listed $120,000 Active 339-char remark

    Show marketing remark (339 chars)

    Spacious renovated one bedroom unit located in the desirable Woodlawn section. Large living room, modern kitchen, dining area, spacious bedroom and updated bath. Beautiful hardwood floors throughout and plenty of closets. Well maintained, financially secure building. Low maintenance. Close to park. Easy commute to NYC. Convenient to all.

17. 2016-04-18
    listed $120,000

    Show marketing remark (339 chars)

    Spacious renovated one bedroom unit located in the desirable Woodlawn section. Large living room, modern kitchen, dining area, spacious bedroom and updated bath. Beautiful hardwood floors throughout and plenty of closets. Well maintained, financially secure building. Low maintenance. Close to park. Easy commute to NYC. Convenient to all.

18. 2015-11-27
    historical Expired
19. 2015-11-26
    historical
20. 2015-05-26
    listed Active
21. 2015-05-26
    listed $124,900

ⓘ 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 2/10 Low
• 🌡 Heat 5/10 Major 6 d/yr ≥99°F today · 11 d/yr by 30 yrs out
• 💨 Wind 6/10 Major 27% chance of damaging wind over 30 yrs
• 🫁 Air quality 3/10 Moderate 3 unhealthy d/yr today · 4 by 30 yrs out

Taxation est. · year 1

• Rental income: $26,727
• − Mortgage interest: −$8,122
• − Property taxes: −$2,175
• − Insurance: −$725
• − Repairs & maintenance: −$2,138
• − Management: −$2,138
• − Depreciation: −$4,218
• Taxable income: $7,210
• Est. tax owed @ 24.0%: −$1,730
• After-tax cash flow: $7,359/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): 16,004
• Household income: $90,046
• Rent vs Own: 56.6% rent · 43.4% own
• Severe rent burden: 805.0

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: Highly diverse neighborhood (Simpson 0.71)
• Race & ethnicity: White 38% Black 30% Hispanic / Latino 24% Two or more races 9% Asian 3% Native American 1%
• Hispanic origin (detail): Puerto Rican 9% Dominican 9%
• Common ancestry: Romanian 1% Lithuanian 1% Slovak 1%
• Foreign-born: 32% · Canada, Jamaica
• Languages at home: 72% English-only · Spanish 17% Other Indo-European 5% French/Haitian/Cajun 2%

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: ▼ -114.64%
• Current HPI: 286.9195
• 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

+16.1% since first listed

21 events — show timeline

• 2025-11-10 Pending — OneKey® MLS as Distributed by MLS Grid
• 2025-07-22 Price Changed $144,999 OneKey® MLS as Distributed by MLS Grid
• 2025-06-16 Price Changed $154,999 OneKey® MLS as Distributed by MLS Grid
• 2025-06-06 Relisted — OneKey® MLS as Distributed by MLS Grid
• 2025-03-19 Pending — OneKey® MLS as Distributed by MLS Grid
• 2025-01-06 Listed $155,000 OneKey® MLS as Distributed by MLS Grid
• 2021-11-23 Sold (MLS) $155,000 OneKey® MLS as Distributed by MLS Grid
• 2021-07-31 Pending — OneKey® MLS as Distributed by MLS Grid
• 2021-07-04 Price Changed $160,000 OneKey® MLS as Distributed by MLS Grid
• 2021-05-20 Listed $165,000 OneKey® MLS as Distributed by MLS Grid
• 2016-11-08 Price Changed $115,000 HGMLS
• 2016-11-08 Sold (MLS) $115,000 HGMLS
• 2016-11-08 Sold (MLS) $115,000 OneKey® MLS as Distributed by MLS Grid
• 2016-06-02 Contingent — HGMLS
• 2016-06-01 Price Changed $120,000 HGMLS
• 2016-04-18 Listed $120,000 HGMLS
• 2016-04-18 Listed $120,000 OneKey® MLS as Distributed by MLS Grid
• 2015-11-27 Delisted — HGMLS
• 2015-11-26 Listing Removed — OneKey® MLS as Distributed by MLS Grid
• 2015-05-26 Listed — HGMLS
• 2015-05-26 Listed $124,900 OneKey® MLS as Distributed by MLS Grid