1715 Saint Peters Ave · New York, NY 10461

$1,499,000

28 bd · 24.0 ba · 3,616 sqft · MultiFamily public records · 140 Days on market

Built 1926 2,589 sqft lot

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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 +17.4/30.0
• ARV discount +7.5/15.0
• DSCR +5.4/10.0
• Schools +5.0/10.0
• Rent growth +4.5/5.0
• 1% rule +4.4/10.0
• 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: 4 units. confirmed

Listing remarks

Legal 4 family 7 Bedrooms & 6 full bathrooms +5 Rooms in Basement, brand new 4 new biolers, 4 gas meters, shared driveway, shools, supermarkets, Subway 6 Train, Bus, prayer places in walking distance. More Photos are coming soon

Key facts

• 2,589 sq ft lot
• Built 1926
• Listed 139 days

Property features AI

Exterior

• Parking: Driveway
• Utilities: Public sewer; Electricity available; Sewer available; Water available
• Home design: Quadruplex; Total building area approximately 3616
• Construction: Brick construction
• Exterior features: Brick exterior; Not waterfront; No additional parcels

Interior

• Bedrooms: One 2-bedroom unit
• Bathrooms: Six full bathrooms
• Heating & cooling: Natural gas heating
• Interior features: First floor bedroom; Finished full basement

What this means for you Summary

Snapshot

• This is a 4 × 7-bed/6.0-bath units multifamily listed at $1.50M.

Deal economics

• At list price, monthly cash flow is $1k ($13k/yr) — positive. Per door: $281/mo.
• The deal already cash-flows at list — no discount required.
• To meet the 1% rule (rent ≥ 1% of price), the offer needs to be $1.41M (5.8% below list).
• Recommended offer: $1.32M (12.0% below list) — sets the bar for market timing.
• Cap rate 7.2% 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 (+8.0%/yr); 147 active listings in the ZIP; 6,929 units permitted in Bronx County in 2024 (6,829 in 5+ unit buildings).
• At $14,128/mo this rent would consume 253% of the median local household income ($67k/yr) (locally 4430% 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 $10k of loan paydown is wiped out by about $45k 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 + 8.0% rent growth), your $420k cash investment doubles in ~10 years — after that, you're playing with house money.

Negotiation context

• It's been on market 140 days — a 12% lower offer ($1.32M) is reasonable based on typical stale-listing flexibility.
• 4 sale attempts since 13y 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 $402k; list at $1.50M implies a 273% gain — meaningful room to come down on a strong offer.

Risks & watch-outs

• Watch-outs: built in 1926 — 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 $1,319,120 (12.0% below list)

Questions for the listing agent

1. It's been on market 140 days. Have you received any prior offers? Is the seller open to a 12% concession, seller financing, or rate buy-down credit?
2. Can we see the unit-by-unit rent roll, current vacancy, and any below-market leases? What's the average tenancy length?
3. What capital expenditures (roof, boiler, parking lot, exteriors) have been made in the last 5 years, and what's planned in the next 2?
4. Built in 1926 — when were the roof, HVAC, electrical panel, plumbing, and water heater last replaced?
5. Why hasn't it sold? Are there any deal-killer items the seller is aware of (foundation, flood, title, zoning, code violations)?
6. Is there a deadline driving the sale (1031 exchange, divorce, estate, relocation)? That informs how much negotiation room exists.
7. 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?
8. 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?
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 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: 0.94% ✗
• Cap rate: 7.19%
• Cash-on-cash: 3.21%
• DSCR: 1.14
• GRM: 8.8

CMA / ARV

No comps found within radius.

Projected returns pro-forma

-3.0% appreciation · 7.99% rent growth · sell at horizon

5-year hold

• IRR: -5.9%
• Equity multiple: 0.77×
• Total profit: $-96,775
• Equity at exit: $223,506

10-year hold

• IRR: 8.8%
• Equity multiple: 1.83×
• Total profit: $347,034
• Equity at exit: $129,606

Cash invested: $419,720 (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 10461

• Home prices YoY: -28.3%
• Rents YoY: 8.0%
• Active inventory: 147
• Price-to-rent: 35.4×

Monthly cashflow live

• Estimated rent: $14,128 medium
• Mortgage (P&I): −$7,861
• Tax from tax record: −$1,551 /mo · $18,616/yr
• Insurance: −$625
• HOA: −$0
• Vacancy / Maint / Mgmt: −$2,967
• Net cashflow: $1,124

Break-even live

Break-even rent $12,705

Max offer price $1,499,000

Occupancy floor 87%

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

Units	Beds	Baths	Est. rent
▸ 4× units	7	6	$14,128
Total (4 units)			$14,128

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: $374,750
• Closing costs: $44,970
• Reserves months: —
• Total cash needed: —

Listing history 23 events

1. 2026-06-18
   days on market $1,499,000 Active 140 DOM
2. 2026-06-17
   days on market $1,499,000 Active 139 DOM
3. 2026-06-15
   days on market $1,499,000 Active 137 DOM
4. 2026-06-13
   days on market $1,499,000 Active 135 DOM
5. 2026-06-10
   days on market $1,499,000 Active 131 DOM
6. 2026-06-08
   days on market $1,499,000 Active 130 DOM
7. 2026-06-04
   days on market $1,499,000 Active 126 DOM
8. 2026-06-03
   days on market $1,499,000 Active 125 DOM
9. 2026-06-01
   days on market $1,499,000 Active 123 DOM
10. 2026-05-31
    days on market $1,499,000 Active 122 DOM
11. 2026-01-29
    listed $1,499,000 Active
12. 2026-01-01
    historical
13. 2025-04-24
    price $1,549,000
14. 2025-04-05
    price $1,599,000
15. 2025-03-14
    listed $1,695,000 Active
16. 2025-03-14
    historical
17. 2016-06-29
    soldstatus $402,000
18. 2014-04-16
    historical Withdrawn
19. 2014-04-16
    historical
20. 2013-08-27
    listed Active
21. 2013-08-27
    listed $600,000
22. 2011-02-11
    soldstatus $460,000
23. 2003-10-20
    soldstatus $165,000

ⓘ 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: $18,616 · $1,551/mo
• Projected year-2 tax: $21,975 · $1,831/mo
• Expected delta: +$3,359/yr (+$280/mo · 18.0%)

ⓘ 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 4/10 Moderate 6 unhealthy d/yr today · 6 by 30 yrs out

Taxation est. · year 1

• Rental income: $169,536
• − Mortgage interest: −$83,967
• − Property taxes: −$18,616
• − Insurance: −$7,495
• − Repairs & maintenance: −$13,563
• − Management: −$13,563
• − Depreciation: −$43,607
• Taxable loss: −$11,275
• Est. tax savings @ 24.0%: +$2,706
• After-tax cash flow: $16,197/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): 52,012
• Household income: $67,028
• Rent vs Own: 70.3% rent · 29.7% own
• Severe rent burden: 4430.0

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 0.67)
• Race & ethnicity: Hispanic / Latino 47% White 30% Asian 13% Two or more races 10% Black 7%
• Hispanic origin (detail): Mexican 4% Puerto Rican 20% Cuban 1% Dominican 13%
• Common ancestry: Romanian 1%
• Foreign-born: 30% · Canada, China, Vietnam
• Languages at home: 43% English-only · Spanish 34% Other Indo-European 13% Tagalog/Filipino 3%

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: ▼ -105.06%
• Current HPI: 266.5457
• Rent YoY: ▲ 7.99%
• 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

+808.5% since first listed

13 events — show timeline

• 2026-01-29 Listed $1,499,000 OneKey® MLS as Distributed by MLS Grid
• 2026-01-01 Listing Removed — OneKey® MLS as Distributed by MLS Grid
• 2025-04-24 Price Changed $1,549,000 OneKey® MLS as Distributed by MLS Grid
• 2025-04-05 Price Changed $1,599,000 OneKey® MLS as Distributed by MLS Grid
• 2025-03-14 Listed $1,695,000 OneKey® MLS as Distributed by MLS Grid
• 2025-03-14 Coming Soon — OneKey® MLS as Distributed by MLS Grid
• 2016-06-29 Sold (Public Records) $402,000 Public Records
• 2014-04-16 Delisted — HGMLS
• 2014-04-16 Listing Removed — OneKey® MLS as Distributed by MLS Grid
• 2013-08-27 Listed — HGMLS
• 2013-08-27 Listed $600,000 OneKey® MLS as Distributed by MLS Grid
• 2011-02-11 Sold (Public Records) $460,000 Public Records
• 2003-10-20 Sold (Public Records) $165,000 Public Records

Property tax history

+5.2%/yr

Latest (2025): $18,616 · +3.2% YoY. Source: county tax records.