3927 57th St · New York, NY 11377

$1,299,000

5 bd · 2.0 ba · 2,176 sqft · MultiFamily public records · 21 Days on market

Built 1925 2,500 sqft lot Est $1408k · 8% under

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Why this score? — see what drove the C+ 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 +22.3/30.0
• ARV discount +11.0/15.0
• DSCR +7.1/10.0
• 1% rule +5.0/10.0
• Schools +5.0/10.0
• Rent growth +4.0/5.0
• Livability +3.8/5.0
• Condition / age +2.5/5.0
• Appreciation +0.0/10.0

Multi-family units

County records classify this as Multi-Family (2-4 Unit). Listing-text estimate: 1 unit. estimate disagrees with records

Listing remarks

Welcome to 39-27 57th St, a multi family property full of potential and ready for your personal touch. This home offers a solid foundation and a flexible layout, making it an excellent opportunity for buyers looking to update and customize to their taste. Three bedroooms over two bedrooms, 2 full baths. 2 car garage. Full basement with OSE. Conveniently located near all forms of public transportation. Two blocks to the Roosevelt Ave. subway. Shopping, and everyday amenities nearby. The property combines location with long-term value. This is a wonderful chance to create a space that truly reflects your vision.

Key facts

• Flexible layout
• Solid foundation
• Full basement

Tags

• MULTI FAMILY PROPERTY
• SOLID FOUNDATION
• FLEXIBLE LAYOUT
• FULL BASEMENT
• PUBLIC TRANSPORTATION
• ROOSEVELT AVE SUBWAY

Property features AI

Exterior

• Parking: Driveway; 2-car garage
• Utilities: Public sewer; Cable available; Electricity connected; Sewer connected; Water connected
• Home design: Duplex
• Construction: Frame and vinyl siding construction
• Exterior features: Frame construction with vinyl siding; Not waterfront

Interior

• Bedrooms: One 2-bedroom unit; One 3-bedroom unit
• Bathrooms: Two full bathrooms
• Heating & cooling: Natural gas heating; Steam heating; Other heating; Wall/window air conditioning units
• Interior features: Basement with full, partially finished areas and walk-out access; Other interior features

What this means for you Summary

Snapshot

• This is a 5-bed/2.0-bath multifamily listed at $1.30M.

Deal economics

• At list price, monthly cash flow is $2k ($26k/yr) — positive.
• The deal already cash-flows at list — no discount required.
• Meets the 1% rule at list price ($13k rent vs $1.30M).
• Recommended offer: $1.28M (1.5% below list) — sets the bar for market timing.
• Cap rate 8.3% 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: Rents rising fast (+6.1%/yr); 351 active listings in the ZIP; 1 comparable units currently listed for rent nearby; 5,302 units permitted in Queens County in 2024 (4,918 in 5+ unit buildings).
• At $13,006/mo this rent would consume 214% of the median local household income ($73k/yr) (locally 5474% 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 $9k of loan paydown is wiped out by about $39k 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.
• At projected returns (-3.0% appreciation + 6.1% rent growth), your $364k cash investment doubles in ~10 years — after that, you're playing with house money.

Negotiation context

• It's been on market 21 days — a 2% lower offer ($1.28M) is reasonable based on typical stale-listing flexibility.

Risks & watch-outs

• Watch-outs: built in 1925 — expect roof / HVAC / electrical / plumbing capex.
• 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 $1,279,515 (1.5% below list)

Questions for the listing agent

1. Built in 1925 — when were the roof, HVAC, electrical panel, plumbing, and water heater last replaced?
2. Is there a deadline driving the sale (1031 exchange, divorce, estate, relocation)? That informs how much negotiation room exists.
3. 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?
4. 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?
5. 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.
6. 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.
7. 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: 1.00% ✓
• Cap rate: 8.26%
• Cash-on-cash: 7.04%
• DSCR: 1.31
• GRM: 8.3

CMA / ARV

• ARV (on-the-fly): $1,407,872
• Comps found: 8

Show comp detail 8 sales within ~0.75 mi

Address	Dist	Beds/Ba	Sqft	Sold	Price	$/sf	Match
3445 59th St	0.29mi	4/3.0 (-1)	2,160 (-1%)	1mo	$1,397,000	$647	76
4204 64th St	0.39mi	5/2.0	2,240 (+3%)	8mo	$1,400,000	$625	71
42-06 66th St	0.52mi	4/1.0 (-1)	2,240 (+3%)	6mo	$1,500,000	$670	57
39-17 51 St	0.33mi	6/3.0 (+1)	2,400 (+10%)	11mo	$1,670,000	$696	49
5933 48th Ave	0.59mi	6/2.0 (+1)	1,984 (-9%)	8mo	$1,320,000	$665	46
39-81 49th St	0.45mi	4/3.0 (-1)	2,400 (+10%)	14mo	$1,550,000	$646	41
3207 60th St	0.62mi	6/3.5 (+1)	2,080 (-4%)	16mo	$1,275,000	$613	39
40-19 68 St	0.51mi	6/4.0 (+1)	2,500 (+15%)	10mo	$1,500,000	$600	30

Match score weights: distance 35% · size 25% · config 20% · recency 20%. Top-matched comps best support the ARV.

Projected returns pro-forma

-3.0% appreciation · 6.09% rent growth · sell at horizon

5-year hold

• IRR: -2.4%
• Equity multiple: 0.91×
• Total profit: $-33,314
• Equity at exit: $193,685

10-year hold

• IRR: 10.2%
• Equity multiple: 1.90×
• Total profit: $326,859
• Equity at exit: $112,314

Cash invested: $363,720 (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 11377

• Home prices YoY: -28.8%
• Rents YoY: 6.1%
• Active inventory: 351
• Price-to-rent: 22.4×

Monthly cashflow live

• Estimated rent: $13,006 medium
• Mortgage (P&I): −$6,812
• Tax from tax record: −$789 /mo · $9,468/yr
• Insurance: −$541
• HOA: −$0
• Vacancy / Maint / Mgmt: −$2,731
• Net cashflow: $2,132

Break-even live

Break-even rent $10,307

Max offer price $1,299,000

Occupancy floor 79%

Sensitivity live

Price	-10% $2,868	-5% $2,500	+0% $2,132	+5% $1,765	+10% $1,397
Rent	-10% $1,105	-5% $1,619	+0% $2,132	+5% $2,646	+10% $3,160
Rate	-1.0pp $2,787	-0.5pp $2,463	base $2,132	+0.5pp $1,796	+1.0pp $1,453

3-unit breakdown (identical units grouped — click to expand)

Units	Beds	Baths	Est. rent
1× unit	3	1	$4,826
▸ 2× units	2	1	$8,180
Total (3 units)			$13,006

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: $324,750
• Closing costs: $38,970
• Reserves months: —
• Total cash needed: —

Rent comps 1 comps

Address	Beds	Baths	Sqft	Rent	$/sqft	DOM	Units	Dist
3439 75th St Jackson Heights, NY	4.0	2.5	1876	$6,900	$3.68	20d	1	0.85mi

Listing history 2 events

1. 2026-04-30
   status Pending
2. 2026-04-09
   listed $1,299,000 Active

ⓘ Source: listings_history table (triggers on properties + properties_extension) + one-shot backfill from property_details.listing_events for pre-trigger history.

Tax reassessment forecast NY · Partial reset (capped growth)

• Current annual tax: $9,468 · $789/mo
• Projected year-2 tax: $15,711 · $1,309/mo
• Expected delta: +$6,242/yr (+$520/mo · 65.9%)

ⓘ Screening estimate from a state-policy table — verify with the county assessor before closing.

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 5/10 Major 6 unhealthy d/yr today · 8 by 30 yrs out

Taxation est. · year 1

• Rental income: $156,072
• − Mortgage interest: −$72,764
• − Property taxes: −$9,468
• − Insurance: −$6,495
• − Repairs & maintenance: −$12,486
• − Management: −$12,486
• − Depreciation: −$37,789
• Taxable income: $4,584
• Est. tax owed @ 24.0%: −$1,100
• After-tax cash flow: $24,488/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): 81,690
• Household income: $73,073
• Rent vs Own: 70.5% rent · 29.5% own
• Severe rent burden: 5474.0

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 0.67)
• Race & ethnicity: Hispanic / Latino 40% Asian 36% Two or more races 20% White 20% Black 2%
• Hispanic origin (detail): Mexican 12% Puerto Rican 4% Dominican 5%
• Common ancestry: Romanian 2%
• Foreign-born: 56% · Canada, China, Jamaica
• Languages at home: 27% English-only · Spanish 34% Other Indo-European 16% Chinese 6%

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: ▼ -110.83%
• Current HPI: 273.9408
• Rent YoY: ▲ 6.09%
• 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

2 events — show timeline

• 2026-04-30 Pending — OneKey® MLS as Distributed by MLS Grid
• 2026-04-09 Listed $1,299,000 OneKey® MLS as Distributed by MLS Grid

Property tax history

+6.7%/yr

Latest (2025): $9,468 · +3.4% YoY. Source: county tax records.