1 Ascot Rdg Unit 1A · Great Neck Estates, NY 11021

$250,000

1 bd · 1.0 ba · 600 sqft · Condo · 46 Days on market

Built 1935 Good condition ↓ 13% since listing

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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 +20.7/30.0
• ARV discount +15.0/15.0
• Schools +7.6/10.0
• DSCR +6.6/10.0
• 1% rule +5.5/10.0
• Livability +3.9/5.0
• Condition / age +3.8/5.0
• Rent growth +2.5/5.0
• Appreciation +0.0/10.0

Listing remarks MLS

A short train ride to Manhattan, beautiful pre-war gems like this one in the heart of the Village of Great Neck Estates do not come to market frequently. Apt 1A at 1 Ascot Ridge is a one bedroom co-op apartment with a truly elegant old-world charm. The lobby features a large, welcoming central fireplace and seating area. The apartment itself has a spacious entry foyer and hardwood floors throughout. The living room features French doors that open onto a quaint foot balcony. The eat-in-kitchen is spacious, and is ready for remodeling to your own specs. The bedroom itself features two sets of French doors, each leading to its own foot balcony enabling enjoyment of the fresh air and the lush surroundings, which are filled with hydrangea in the summer. Residency includes free outdoor parking, and enclosed garage spaces are available via waitlist. A storage unit and on-site laundry are included. The residents also enjoy exclusive access to the Great Neck Estates private, idyllic waterfront park, featuring a pool and tennis courts: a perfect blend of recreation and relaxation. A dedicated police force enhances residents' sense of security. Near public transportation and the town, this apartment offers the perfect balance of seclusion and connectedness. An assessment of $134 per month, ending in February 2027, ensures the continued maintenance and enhancement of this unique building. With a little updating, this one-bedroom apartment will be transformed into a dream home, where historic charm meets modern comfort. Appearance:TLC

Key facts

• Parking
• Community pool
• Built 1935

🏢 Co-op / cooperative unit. The $250,000 price buys shares in the cooperative corporation, not the real estate itself — so it isn't comparable to a fee-simple sale price, and the cashflow / cap-rate / 1%-rule cards below (which assume you own the property and can rent it out) don't apply here. Expect board approval and a monthly maintenance fee on top of the price.

What this means for you Summary

Snapshot

• This is a 1-bed/1.0-bath condo listed at $250k. Condition is rated good.

Deal economics

• At list price, monthly cash flow is $339 ($4k/yr) — positive.
• The deal already cash-flows at list — no discount required.
• Meets the 1% rule at list price ($3k rent vs $250k).
• Recommended offer: $242k (3.0% below list) — sets the bar for market timing.
• Cap rate 7.9% vs local median 1.4% in Great Neck Estates — 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 78/100 on livability (#176 in NY, #2,754 nationally) — a middle-class / working-renter tenant base. Strengths: crime A+, commute A+, employment A+; Watch: cost of living F.
• Great Neck Union Free School District (suburban): math 86% / reading 83% proficiency, ranked #30 of 590 in NY (top 5%) — strong family-tenant draw, lease renewals of 3-5y typical; only 9% free/reduced lunch — higher-income household profile.
• Market conditions: 200 active listings in the ZIP; 8 comparable units currently listed for rent nearby; rentals at typical pace (median 25d on market — plan ~3-4 weeks tenant-placement turnaround); high-income renter base; 824 units permitted in Nassau County in 2024 (153 in 5+ unit buildings).

Forward outlook

• Local home prices are declining (-3.0%/yr); year-one equity from $2k of loan paydown is wiped out by about $8k of value loss. Plan a longer hold.
• Nassau County population projected at +7% by 2050 — modest demand growth; plan on rents tracking national, not racing it.

Negotiation context

• It's been on market 46 days — a 3% lower offer ($242k) is reasonable based on typical stale-listing flexibility.

Risks & watch-outs

• Watch-outs: built in 1935 — 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 $242,500 (3.0% below list)

Questions for the listing agent

1. It's been on market 46 days. Have you received any prior offers? Is the seller open to a 3% concession, seller financing, or rate buy-down credit?
2. Built in 1935 — 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. Is there a deadline driving the sale (1031 exchange, divorce, estate, relocation)? That informs how much negotiation room exists.
5. 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?
6. 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.
7. 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.
8. 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: 1.05% ✓
• Cap rate: 7.92%
• Cash-on-cash: 5.82%
• DSCR: 1.26
• GRM: 8.0

CMA / ARV

• ARV (median comp): $310,904
• List price: $250,000
• Delta: -19.59%
• Verdict: UNDERPRICED
• Comps: 20 within 1.0 mi

Projected returns pro-forma

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

5-year hold

• IRR: -7.3%
• Equity multiple: 0.73×
• Total profit: $-18,864
• Equity at exit: $37,276

10-year hold

• IRR: 2.3%
• Equity multiple: 1.17×
• Total profit: $11,556
• Equity at exit: $21,615

Cash invested: $70,000 (down + closing). Projections, not guarantees.

Landlord ↔ Tenant lean methodology

• Overall (STATE): 15 Strongly Tenant-Friendly
• State New York: 15 Strongly Tenant-Friendly · D+10
• County: — inherits STATE
• City: — inherits STATE

NYC rent stabilization (~1M units); 2019 HSTPA strengthened tenant rights; courts deeply backlogged.

Methodology + full state rankings →

ZIP-level market 11021

• Active inventory: 200
• Price-to-rent: 8.0×

Monthly cashflow live

• Estimated rent: $2,616 high
• Mortgage (P&I): −$1,311
• Tax est. 1.5%: −$312 /mo · $3,750/yr
• Insurance: −$104
• HOA: −$0
• Vacancy / Maint / Mgmt: −$549
• Net cashflow: $339

Break-even live

Break-even rent $2,187

Max offer price $250,000

Occupancy floor 82%

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: $62,500
• Closing costs: $7,500
• Reserves months: —
• Total cash needed: —

Rent comps 8 comps

Address	Beds	Baths	Sqft	Rent	$/sqft	DOM	Units	Dist
7 Bond St Unit 3J Great Neck, NY	1.0	1.0	650	$2,800	$4.31	20d	1	0.61mi
11 Schenck Ave Unit 2D Great Neck Plaza, NY	1.0	1.0	750	$2,200	$2.93	44d	1	0.66mi
17 Schenck Ave Unit 3B Great Neck Plaza, NY	1.0	1.0	700	$2,295	$3.28	13d	1	0.69mi
30 Barstow Rd Unit LL4 Great Neck, NY	—	1.0	415	$1,825	$4.40	44d	1	0.76mi
4212 Marathon Pkwy Little Neck, NY	1.0	1.0	550	$2,375	$4.32	25d	1	0.77mi
16 Stoner Ave Unit 2G Great Neck, NY	1.0	1.0	700	$2,800	$4.00	44d	1	0.78mi
4230 Douglaston Pkwy Little Neck, NY	1.0	1.0	700	$1,800	$2.57	19d	1	1.15mi
24120 Northern Blvd Unit 3K Little Neck, NY	—	1.0	500	$2,800	$5.60	15d	1	1.23mi

HOA detail condo

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

Listing history 18 events

1. 2026-06-18
   days on market $250,000 Active 46 DOM
2. 2026-06-17
   days on market $250,000 Active 45 DOM
3. 2026-06-16
   days on market $250,000 Active 44 DOM
4. 2026-06-15
   days on market $250,000 Active 43 DOM
5. 2026-06-13
   days on market $250,000 Active 41 DOM
6. 2026-06-09
   days on market $250,000 Active 37 DOM
7. 2026-06-08
   days on market $250,000 Active 36 DOM
8. 2026-06-07
   days on market $250,000 Active 35 DOM
9. 2026-06-04
   days on market $250,000 Active 32 DOM
10. 2026-06-03
    days on market $250,000 Active 31 DOM
11. 2026-06-02
    days on market $250,000 Active 30 DOM
12. 2026-06-01
    days on market $250,000 Active 29 DOM
13. 2026-05-31
    days on market $250,000 Active 28 DOM
14. 2026-05-20
    price $250,000 1550-char remark

    Show marketing remark (1550 chars)

    A short train ride to Manhattan, beautiful pre-war gems like this one in the heart of the Village of Great Neck Estates do not come to market frequently. Apt 1A at 1 Ascot Ridge is a one bedroom co-op apartment with a truly elegant old-world charm. The lobby features a large, welcoming central fireplace and seating area. The apartment itself has a spacious entry foyer and hardwood floors throughout. The living room features French doors that open onto a quaint foot balcony. The eat-in-kitchen is spacious, and is ready for remodeling to your own specs. The bedroom itself features two sets of French doors, each leading to its own foot balcony enabling enjoyment of the fresh air and the lush surroundings, which are filled with hydrangea in the summer. Residency includes free outdoor parking, and enclosed garage spaces are available via waitlist. A storage unit and on-site laundry are included. The residents also enjoy exclusive access to the Great Neck Estates private, idyllic waterfront park, featuring a pool and tennis courts: a perfect blend of recreation and relaxation. A dedicated police force enhances residents' sense of security. Near public transportation and the town, this apartment offers the perfect balance of seclusion and connectedness. An assessment of $134 per month, ending in February 2027, ensures the continued maintenance and enhancement of this unique building. With a little updating, this one-bedroom apartment will be transformed into a dream home, where historic charm meets modern comfort. Appearance:TLC

15. 2026-05-04
    status Active 1550-char remark

    Show marketing remark (1550 chars)

    A short train ride to Manhattan, beautiful pre-war gems like this one in the heart of the Village of Great Neck Estates do not come to market frequently. Apt 1A at 1 Ascot Ridge is a one bedroom co-op apartment with a truly elegant old-world charm. The lobby features a large, welcoming central fireplace and seating area. The apartment itself has a spacious entry foyer and hardwood floors throughout. The living room features French doors that open onto a quaint foot balcony. The eat-in-kitchen is spacious, and is ready for remodeling to your own specs. The bedroom itself features two sets of French doors, each leading to its own foot balcony enabling enjoyment of the fresh air and the lush surroundings, which are filled with hydrangea in the summer. Residency includes free outdoor parking, and enclosed garage spaces are available via waitlist. A storage unit and on-site laundry are included. The residents also enjoy exclusive access to the Great Neck Estates private, idyllic waterfront park, featuring a pool and tennis courts: a perfect blend of recreation and relaxation. A dedicated police force enhances residents' sense of security. Near public transportation and the town, this apartment offers the perfect balance of seclusion and connectedness. An assessment of $134 per month, ending in February 2027, ensures the continued maintenance and enhancement of this unique building. With a little updating, this one-bedroom apartment will be transformed into a dream home, where historic charm meets modern comfort. Appearance:TLC

16. 2026-02-04
    historical $288,000 1550-char remark

    Show marketing remark (1550 chars)

    A short train ride to Manhattan, beautiful pre-war gems like this one in the heart of the Village of Great Neck Estates do not come to market frequently. Apt 1A at 1 Ascot Ridge is a one bedroom co-op apartment with a truly elegant old-world charm. The lobby features a large, welcoming central fireplace and seating area. The apartment itself has a spacious entry foyer and hardwood floors throughout. The living room features French doors that open onto a quaint foot balcony. The eat-in-kitchen is spacious, and is ready for remodeling to your own specs. The bedroom itself features two sets of French doors, each leading to its own foot balcony enabling enjoyment of the fresh air and the lush surroundings, which are filled with hydrangea in the summer. Residency includes free outdoor parking, and enclosed garage spaces are available via waitlist. A storage unit and on-site laundry are included. The residents also enjoy exclusive access to the Great Neck Estates private, idyllic waterfront park, featuring a pool and tennis courts: a perfect blend of recreation and relaxation. A dedicated police force enhances residents' sense of security. Near public transportation and the town, this apartment offers the perfect balance of seclusion and connectedness. An assessment of $134 per month, ending in February 2027, ensures the continued maintenance and enhancement of this unique building. With a little updating, this one-bedroom apartment will be transformed into a dream home, where historic charm meets modern comfort. Appearance:TLC

17. 2024-08-20
    price $288,000
18. 2024-06-17
    historical

ⓘ 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 1/10 Low
• 🌡 Heat 6/10 Major 7 d/yr ≥97°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 · 7 by 30 yrs out

Taxation est. · year 1

• Rental income: $31,397
• − Mortgage interest: −$14,004
• − Property taxes: −$3,750
• − Insurance: −$1,250
• − Repairs & maintenance: −$2,512
• − Management: −$2,512
• − Depreciation: −$7,273
• Taxable income: $96
• Est. tax owed @ 24.0%: −$23
• After-tax cash flow: $4,048/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 75/100 Cosmetic rehab

This pre-war condo in Great Neck Estates offers a good condition with a good ROI potential through a kitchen renovation and landscaping improvements.

Repairs flagged

• Moderate kitchen cabinetry — dated and in need of updating
• Moderate kitchen countertops — outdated and in need of updating

Value-add opportunities

• Both kitchen renovation — modernizing the kitchen can significantly increase both resale and rental value
• Both landscaping — improved landscaping can enhance curb appeal and attract more potential buyers/renters

Renovation cost estimate screening

Repair item	Severity	Est. cost
kitchen cabinetry · dated and in need of updating	Moderate	$3,000–15,000
kitchen countertops · outdated and in need of updating	Moderate	$3,000–15,000
Total estimated repair cost · 2 items		$6,000–30,000

Value-add ROI direction

• Both kitchen renovation — modernizing the kitchen can significantly increase both resale and rental value ↑
• Both landscaping — improved landscaping can enhance curb appeal and attract more potential buyers/renters ↑

ⓘ 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)

• District: Great Neck Union Free School District
• NCES district ID: 3612510
• Math proficiency: 86% ▬ 0.00%
• Reading proficiency: 83% ▬ 0.00%
• Median HH income: $99,939
• Composite: 76.19/100
• National rank: #111
• State rank: #30 of 590 in NY

Livability — Great Neck Estates

• Score: 78/100
• State rank: #176
• US rank: #2754

Category grades

Amenities C Commute A+ Cost of living F Crime A+ Employment A+ Housing C Health & safety B+ User ratings A

Schools grade is shown separately in the Schools card above.

Census & demographics

• Census place: Great Neck Estates, NY
• County: Nassau County · 653,051 people
• Metro: New York-Newark-Jersey City, NY-NJ-PA
• Population (ZIP): 19,783
• Household income: $120,230
• Rent vs Own: 29.6% rent · 70.4% own
• Severe rent burden: 601.0

Population outlook (Nassau County) Hauer SSP2

• Today (2025): 1,409,302 people
• By 2030: 1,431,482 · +1.6%
• By 2040: 1,471,607 · +4.4%
• By 2050: 1,502,845 · +6.6%
• By 2075: 1,575,403 · +11.8%
• By 2100: 1,554,356 · +10.3%

Race, ethnicity, and origin ACS 2023

• Neighborhood character: Diverse neighborhood (Simpson 0.59)
• Race & ethnicity: White 56% Asian 31% Hispanic / Latino 8% Two or more races 5% Black 1%
• Common ancestry: Scotch-Irish 5% Romanian 4% Subsaharan African 1%
• Foreign-born: 36% · China, Canada, South Korea
• Languages at home: 54% English-only · Chinese 16% Other Indo-European 10% Spanish 7%

Political lean MEDSL · Nassau

• 2024 margin: Toss-up / Even · D 47.9% · R 52.1%
• 2008→2024 swing: -12.6pp toward R · 2008: 8.4pp · 2024: -4.2pp
• All cycles: 2024: R+4.2 2020: D+9.5 2016: D+5.3 2012: D+6.7 2008: D+8.4

Not yet ingested

• Civics: —

Market trends

• HPI YoY: ▼ -736.84%
• Current HPI: 254.751
• 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

-13.2% since first listed

5 events — show timeline

• 2026-05-20 Price Changed $250,000 OneKey® MLS as Distributed by MLS Grid
• 2026-05-04 Relisted — OneKey® MLS as Distributed by MLS Grid
• 2026-02-04 Coming Soon $288,000 OneKey® MLS as Distributed by MLS Grid
• 2024-08-20 Price Changed $288,000 OneKey® MLS as Distributed by MLS Grid
• 2024-06-17 Coming Soon — OneKey® MLS as Distributed by MLS Grid