67-12 Yellowstone Blvd Unit B9 · New York, NY 11375

$350,000

1 bd · 1.0 ba · — sqft · Townhouse · 49 Days on market

Built 1951 Good condition

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Why this score? — see what drove the D- 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 +8.2/30.0
• ARV discount +7.5/15.0
• Schools +5.0/10.0
• Condition / age +4.0/5.0
• Rent growth +3.8/5.0
• Livability +3.8/5.0
• 1% rule +2.6/10.0
• DSCR +2.2/10.0
• Appreciation +0.0/10.0

Listing remarks

Sponsor Unit! This beautifully renovated one bedroom corner apartment offers an abundance of natural light and well designed living space. Windows in both the kitchen and bathroom enhance the bright, airy feel. The kitchen features granite countertops, stainless steel appliances, and new white cabinetry. Hardwood floors run throughout, and California closets provide generous storage. The building includes a part-time doorman, 24-hour laundry on each side, and storage and garage (waitlist). Conveniently located near Yellowstone Park and Trader Joe's, with easy access to R & M trains at 67th Drive, as well as E & F express trains and the LIRR at Continental Avenue. Enjoy a wide se

Key facts

• California closets
• New white cabinetry
• Part-time doorman

Tags

• GRANITE COUNTERTOPS
• STAINLESS STEEL APPLIANCES
• NEW WHITE CABINETRY
• HARDWOOD FLOORS
• CALIFORNIA CLOSETS
• PART-TIME DOORMAN

Property features AI

Exterior

• Parking: Garage available (has garage); Carport: none; Parking features: waitlist
• Utilities: Public sewer; Utilities: see remarks
• Home design: Stock cooperative
• Construction: Brick construction
• Exterior features: Brick construction; Not waterfront

Interior

• Kitchen: Gas range; Refrigerator
• Bedrooms: Entry level: 2
• Flooring: Hardwood
• Bathrooms: 1 full bathroom
• Heating & cooling: Heating: see remarks; No central cooling
• Interior features: Elevator; Granite counters; No pets allowed

What this means for you Summary

Snapshot

• This is a 1-bed/1.0-bath townhouse listed at $350k. Condition is rated good.

Deal economics

• At list price, monthly cash flow is $-392 ($-5k/yr) — negative.
• To cash-flow at today's rent, offer at most $293k (16.2% below list).
• To meet the 1% rule (rent ≥ 1% of price), the offer needs to be $265k (24.3% below list).
• Recommended offer: $265k (24.3% below list) — sets the bar for 1% rule.
• Cap rate 5.2% 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 (+5.3%/yr); 612 active listings in the ZIP; 40 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; 5,302 units permitted in Queens County in 2024 (4,918 in 5+ unit buildings).
• This rent runs 30% of the median local income ($106k/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 $10k 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

• It's been on market 49 days — a 3% lower offer ($340k) is reasonable based on typical stale-listing flexibility.

Risks & watch-outs

• Watch-outs: flood insurance adds $66/mo; built in 1951 — 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 $264,975 (24.3% below list)

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. It's been on market 49 days. Have you received any prior offers? Is the seller open to a 24% concession, seller financing, or rate buy-down credit?
3. Built in 1951 — 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. 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 for-sale + rental construction is in the pipeline within 1–3 miles? Heavy new supply typically softens prices + rents 12–24 months out; constrained supply supports both.

Investment metrics

• 1% rule: 0.76% ✗
• Cap rate: 5.18%
• Cash-on-cash: -3.99%
• DSCR: 0.82
• GRM: 11.0

CMA / ARV

No comps found within radius.

Show comp detail 12 sales within ~0.75 mi

Address	Dist	Beds/Ba	Sqft	Sold	Price	$/sf	Match
67-12 Yellowstone Blvd Unit D9	0.00mi	1/1.0	800	0mo	$290,000	$363	87
102-45 67th Rd Unit 2R	0.07mi	1/1.0	678	0mo	$262,000	$386	84
102-30 66th Rd Unit 12E	0.06mi	1/1.0	1,000	0mo	$449,000	$449	84
102-10 66th Rd Unit 18G	0.10mi	1/1.0	575	1mo	$220,000	$383	82
102-12 65th Ave Unit 43C	0.21mi	1/1.0	780	1mo	$279,000	$358	77
103-25 68th Ave Unit 5C	0.13mi	2/1.0 (+1)	979	1mo	$460,000	$470	76
102-30 Queens Blvd Unit 3R	0.22mi	2/1.0 (+1)	—	0mo	$393,000	—	72
70-25 Yellowstone Blvd Unit 17Q	0.44mi	1/1.0	—	0mo	$305,000	—	67
65-41 Booth St Unit 4A	0.48mi	1/1.0	850	1mo	$275,000	$324	65
65-74 Saunders St Unit 1D	0.42mi	2/1.0 (+1)	1,100	1mo	$395,000	$359	63
97-45 63rd Dr Unit 5C	0.55mi	1/1.0	577	0mo	$555,000	$962	61
70-25 Yellowstone Blvd Unit 7M	0.44mi	2/2.0 (+1)	1,203	0mo	$715,000	$594	58

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 · 5.3% rent growth · sell at horizon

5-year hold

• IRR: -21.8%
• Equity multiple: 0.23×
• Total profit: $-75,324
• Equity at exit: $52,186

10-year hold

• IRR: -10.8%
• Equity multiple: 0.28×
• Total profit: $-70,424
• Equity at exit: $30,262

Cash invested: $98,000 (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 11375

• Rents YoY: 5.3%
• Active inventory: 612
• Price-to-rent: 11.0×

Monthly cashflow live

• Estimated rent: $2,650 high
• Mortgage (P&I): −$1,835
• Tax est. 1.5%: −$438 /mo · $5,250/yr
• Insurance: −$146
• Flood insurance flood zone: −$66 /mo · $798/yr
• HOA: −$0
• Vacancy / Maint / Mgmt: −$556
• Net cashflow: $-392

Break-even live

Break-even rent $3,146

Max offer price $293,288

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: $87,500
• Closing costs: $10,500
• Reserves months: —
• Total cash needed: —

Rent comps 40 comps

Address	Beds	Baths	Sqft	Rent	$/sqft	DOM	Units	Dist
105-25 67th Rd Forest Hills, NY	1.0	1.0	750	$1,800	$2.40	19d	1	0.04mi
102-55 67th Rd Unit 2V Forest Hills, NY	1.0	1.0	633	$2,350	$3.71	19d	1	0.05mi
102-45 67th Rd Forest Hills, NY	1.0	1.0	700	$2,350	$3.36	19d	1	0.09mi
6771 Yellowstone Blvd Unit 2R Forest Hills, NY	1.0	1.0	700	$2,550	$3.64	25d	1	0.09mi
10210 66th Rd Unit 17B Forest Hills, NY	2.0	1.0	1175	$3,350	$2.85	5d	1	0.10mi
10240 67th Dr Unit 1C Forest Hills, NY	1.0	1.5	780	$2,500	$3.21	25d	1	0.10mi
10530 66th Ave Unit 3F Forest Hills, NY	1.0	1.0	800	$2,200	$2.75	25d	1	0.13mi
10533 66th Ave Unit 3F Forest Hills, NY	1.0	1.0	775	$2,200	$2.84	5d	1	0.15mi
102-39 66th Ave Unit 1 Flushing, NY	2.0	1.0	981	$3,000	$3.06	1d	1	0.16mi
66-12 102nd St Rego Park, NY	2.0	1.0	—	$2,800	—	25d	1	0.18mi
10025 Queens Blvd Unit 3M Forest Hills, NY	2.0	1.0	925	$2,900	$3.14	25d	1	0.19mi
10523 65th Rd Forest Hills, NY	2.0	2.0	760	$3,200	$4.21	25d	1	0.20mi
9958 66th Ave Rego Park, NY	2.0	1.0	—	$3,020	—	25d	1	0.21mi
102-30 Queens Blvd Unit 1A Forest Hills, NY	—	1.0	350	$2,395	$6.84	25d	1	0.23mi
6510 108th St Forest Hills, NY	1.0–2.0	1.0	—	$2,500	—	8d	2	0.23mi
6510 108th St Forest Hills, NY	1.0	1.0	—	$2,400	—	14d	2	0.23mi
6510 108th St Forest Hills, NY	2.0	1.0	—	$3,300	—	8d	1	0.23mi
10525 65th Ave Unit 4F Forest Hills, NY	2.0	1.0	980	$3,998	$4.08	15d	1	0.24mi
6435 Yellowstone Blvd Unit 6G Forest Hills, NY	—	1.0	575	$1,900	$3.30	19d	1	0.26mi
65-45 110th St Unit 2nd Floor Flushing, NY	2.0	2.0	—	$2,600	—	19d	1	0.27mi
10010 67th Rd Unit 6L Forest Hills, NY	1.0	1.0	845	$2,700	$3.20	22d	1	0.28mi
120 Queens Blvd Flushing, NY	1.0	1.0	—	$1,800	—	19d	1	0.30mi
6405 Yellowstone Blvd Unit 403S Forest Hills, NY	1.0	1.0	720	$3,100	$4.31	25d	1	0.31mi
6405 Yellowstone Blvd Forest Hills, NY	1.0	1.0	—	$3,200	—	24d	1	0.31mi
6405 Yellowstone Blvd Flushing, NY	1.0	1.0–1.5	920	$3,075	$3.34	25d	2	0.32mi
9881 Queens Blvd Rego Park, NY	1.0	1.0	—	$3,295	—	25d	1	0.32mi
98-81 Queens Blvd Unit 15E Rego Park, NY	1.0	1.0	700	$3,335	$4.76	5d	1	0.32mi
98-81 Queens Blvd Unit 14K Rego Park, NY	2.0	2.0	950	$4,490	$4.73	13d	1	0.32mi
11105 66th Ave Unit 2B Forest Hills, NY	1.0	1.0	850	$2,600	$3.06	15d	1	0.32mi
10460 Queens Blvd Forest Hills, NY	1.0–2.0	1.0	916	$3,350	$3.66	5d	2	0.34mi
66-55 Booth St Unit 6 Rego Park, NY	—	1.0	500	$2,295	$4.59	25d	1	0.34mi
6945 108th St Unit 3F Forest Hills, NY	2.0	1.0	900	$3,600	$4.00	6d	1	0.35mi
10440 Queens Blvd Queens, NY	—	1.0	—	$2,750	—	25d	1	0.35mi
11131 66th Ave Unit 3C Forest Hills, NY	1.0	1.0	600	$2,000	$3.33	5d	1	0.36mi
9876 Queens Blvd Unit 3A Rego Park, NY	1.0	1.0	820	$2,900	$3.54	25d	1	0.36mi
105-24 63rd Dr Forest Hills, NY	—	1.0	—	$2,100	—	25d	1	0.37mi
10538 63rd Dr Unit 5K Forest Hills, NY	1.0	1.0	—	$2,600	—	25d	1	0.37mi
9941 64th Ave Rego Park, NY	1.0–2.0	1.0	975	$2,400	$2.46	19d	2	0.39mi
9936 66th Ave Rego Park, NY	1.0	1.0	—	$2,350	—	25d	1	0.40mi
67-19 Austin St Unit 4C Flushing, NY	2.0	1.0	800	$3,500	$4.38	14d	1	0.41mi

Listing history 13 events

1. 2026-06-18
   days on market $350,000 Active 49 DOM
2. 2026-06-17
   days on market $350,000 Active 48 DOM
3. 2026-06-16
   days on market $350,000 Active 47 DOM
4. 2026-06-15
   days on market $350,000 Active 46 DOM
5. 2026-06-13
   days on market $350,000 Active 44 DOM
6. 2026-06-10
   days on market $350,000 Active 40 DOM
7. 2026-06-08
   days on market $350,000 Active 39 DOM
8. 2026-06-08
   days on market $350,000 Active 38 DOM
9. 2026-06-04
   days on market $350,000 Active 35 DOM
10. 2026-06-03
    days on market $350,000 Active 34 DOM
11. 2026-06-01
    days on market $350,000 Active 32 DOM
12. 2026-05-31
    days on market $350,000 Active 31 DOM
13. 2026-04-24
    listed $350,000 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 10/10 Extreme 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 6 unhealthy d/yr today · 6 by 30 yrs out

Taxation est. · year 1

• Rental income: $31,797
• − Mortgage interest: −$19,605
• − Property taxes: −$5,250
• − Insurance: −$2,548
• − Repairs & maintenance: −$2,544
• − Management: −$2,544
• − Depreciation: −$10,182
• Taxable loss: −$10,875
• Est. tax savings @ 24.0%: +$2,610
• After-tax cash flow: $-2,093/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 · 12 photos

Good 80/100 Cosmetic rehab

This beautifully renovated one-bedroom corner apartment offers an abundance of natural light and well-designed living space. The property is move-in ready with no visible repairs needed.

Value-add opportunities

• Both Painting exterior — Enhances curb appeal and resale value
• Both Landscaping — Improves curb appeal and rental value
• Both Add smart home features — Enhances convenience and appeal

Renovation cost estimate screening

Value-add ROI direction

• Both Painting exterior — Enhances curb appeal and resale value ↑
• Both Landscaping — Improves curb appeal and rental value ↑
• Both Add smart home features — Enhances convenience and appeal ↑

ⓘ 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: Queens County · 1,914,869 people
• City population: 7,731,280
• Metro: New York-Newark-Jersey City, NY-NJ-PA
• Population (ZIP): 76,839
• Household income: $105,904
• Rent vs Own: 49.5% rent · 50.5% own
• Severe rent burden: 4101.0

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: White 47% Asian 28% Hispanic / Latino 16% Two or more races 11% Black 3%
• Hispanic origin (detail): Mexican 2% Puerto Rican 4% Dominican 1%
• Common ancestry: Scotch-Irish 8% Romanian 4% Italian 2%
• Foreign-born: 43% · China, Canada, Jamaica
• Languages at home: 46% English-only · Chinese 12% Spanish 12% Russian/Polish/Slavic 11%

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: ▼ -155.54%
• Current HPI: 224.4903
• Rent YoY: ▲ 5.30%
• 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

• 2026-04-24 Listed $350,000 OneKey® MLS as Distributed by MLS Grid