6814 14th Ave · New York, NY 11219

$1,399,000

66 bd · 36.0 ba · 5,265 sqft · MultiFamily public records · 135 Days on market

Built 1940 1,950 sqft lot

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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 +26.0/30.0
• Appreciation +10.0/10.0
• DSCR +8.7/10.0
• ARV discount +7.5/15.0
• 1% rule +6.8/10.0
• Schools +5.0/10.0
• Livability +3.8/5.0
• Rent growth +2.5/5.0
• Condition / age +2.5/5.0

Multi-family units

County records classify this as Multi-Family (5+ Unit). Listing-text estimate: 6 units. confirmed

5+ unit building — per-unit beds/baths from public records are typically unavailable; the breakdown below (if shown) is an estimate from the listing text.

Listing remarks

Rarely available oversized 6-family income producer located in the prime Dyker Heights neighborhood. The building measures 19.5×90 ft (5,265 sqft) on a 19.5×100 ft lot and is fully occupied, generating over $100,000 in annual income. It consists of 5 two-bedroom apartments and 1 one-bedroom apartment, with all units maintained in good condition—an excellent investment opportunity that won’t last!

Key facts

• Fully occupied
• Good condition
• 1,950 sq ft lot

Tags

• FULLY OCCUPIED
• GOOD CONDITION

Property features AI

Finance

• Other: Zoning: R5B
• Financial info: Financing options may include bank mortgage, cash, or exchange considered; Typical reported utility expense: $650 (amount provided as utility expense)

Exterior

• Parking: No parking (none indicated)
• Utilities: Electric: 110V, 220V, circuit breakers; Hot water: Gas; Heating fuel: Gas
• Home design: Attached building; Residential property; Flat roof; Facing/entry details not provided
• Construction: Brick exterior; Brick construction; Poured concrete foundation; Built footprint approximately 1,800 sq ft; Building dimensions approximately 90.00 x 20.00
• Exterior features: Front yard; Back yard

Interior

• Kitchen: Refrigerator; Stove
• Bedrooms: Total of 23 rooms (includes bedrooms and other rooms)
• Flooring: Hardwood; Laminate; Tile
• Bathrooms: 6 full bathrooms
• Heating & cooling: Steam/radiator heat; Gas hot water; No AC units reported
• Interior features: Refrigerator; Stove; Hardwood floors; Laminate floors; Tile floors
• Laundry & utility: No central AC units reported

What this means for you Summary

Snapshot

• This is a 6 × 11-bed/6.0-bath units multifamily listed at $1.40M.

Deal economics

• At list price, monthly cash flow is $3k ($42k/yr) — positive. Per door: $578/mo.
• The deal already cash-flows at list — no discount required.
• Meets the 1% rule at list price ($17k rent vs $1.40M).
• Recommended offer: $1.23M (12.0% below list) — sets the bar for market timing.
• Cap rate 9.3% 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: 123 active listings in the ZIP; 10,063 units permitted in Kings County in 2024 (9,789 in 5+ unit buildings).
• At $16,527/mo this rent would consume 340% of the median local household income ($58k/yr) (locally 6849% of renters already pay >50% of income on rent) — very limited rent-growth headroom before tenants either downsize or default.

Forward outlook

• In year one you build about $150k of equity ($10k loan paydown + $140k appreciation (10.0% local appreciation)).
• Kings County population projected at +13% by 2050 — modest demand growth; plan on rents tracking national, not racing it.
• At projected returns (10.0% appreciation + 3.0% rent growth), your $392k cash investment doubles in ~2 years — after that, you're playing with house money.
• By year 2, paydown + projected appreciation supports a ~$240k cash-out refi (75% LTV) — recoverable capital for the next deal without selling this one.

Negotiation context

• It's been on market 135 days — a 12% lower offer ($1.23M) is reasonable based on typical stale-listing flexibility.

Risks & watch-outs

• Watch-outs: built in 1940 — expect roof / HVAC / electrical / plumbing capex.
• Climate carrying-cost: major wind risk, 68% chance of damaging wind over 30y; extreme-heat days projected 7→16/yr by 2055 (HVAC capex compounding) — expect insurance premiums to compound above CPI over the hold.

Recommended offer $1,231,120 (12.0% below list)

Questions for the listing agent

1. It's been on market 135 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 1940 — 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: 1.18% ✓
• Cap rate: 9.27%
• Cash-on-cash: 10.63%
• DSCR: 1.47
• GRM: 7.1

CMA / ARV

No comps found within radius.

Projected returns pro-forma

10.0% appreciation · 3.0% rent growth · sell at horizon

5-year hold

• IRR: 32.1%
• Equity multiple: 3.51×
• Total profit: $983,114
• Equity at exit: $1,260,330

10-year hold

• IRR: 27.7%
• Equity multiple: 7.95×
• Total profit: $2,721,725
• Equity at exit: $2,717,949

Cash invested: $391,720 (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 11219

• Home prices YoY: 4.9%
• Active inventory: 123
• Price-to-rent: 42.3×

Monthly cashflow live

• Estimated rent: $16,527 medium
• Mortgage (P&I): −$7,337
• Tax from tax record: −$1,667 /mo · $20,007/yr
• Insurance: −$583
• HOA: −$0
• Vacancy / Maint / Mgmt: −$3,471
• Net cashflow: $3,470

Break-even live

Break-even rent $12,135

Max offer price $1,399,000

Occupancy floor 74%

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

Units	Beds	Baths	Est. rent
▸ 6× units	11	6	$16,530
Total (6 units)			$16,527

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: $349,750
• Closing costs: $41,970
• Reserves months: —
• Total cash needed: —

Listing history 15 events

1. 2026-06-18
   days on market $1,399,000 Active 135 DOM
2. 2026-06-17
   days on market $1,399,000 Active 134 DOM
3. 2026-06-15
   days on market $1,399,000 Active 132 DOM
4. 2026-06-13
   days on market $1,399,000 Active 130 DOM
5. 2026-06-10
   days on market $1,399,000 Active 126 DOM
6. 2026-06-08
   days on market $1,399,000 Active 125 DOM
7. 2026-06-04
   days on market $1,399,000 Active 121 DOM
8. 2026-06-03
   days on market $1,399,000 Active 120 DOM
9. 2026-06-01
   days on market $1,399,000 Active 118 DOM
10. 2026-05-31
    days on market $1,399,000 Active 117 DOM
11. 2026-05-03
    price $1,399,000
12. 2026-02-03
    listed $1,499,000 Active
13. 2020-11-06
    soldstatus $1,285,000
14. 2020-01-07
    price $1,399,000
15. 1981-04-01
    soldstatus $60,000

ⓘ 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: $20,007 · $1,667/mo
• Projected year-2 tax: $21,825 · $1,819/mo
• Expected delta: +$1,818/yr (+$151/mo · 9.1%)

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

Climate risk First Street

• 🌊 Flood 4/10 Moderate FEMA zone X (unshaded) · 24% chance over 30 yrs
• 🔥 Wildfire 1/10 Low
• 🌡 Heat 7/10 Severe 7 d/yr ≥97°F today · 16 d/yr by 30 yrs out
• 💨 Wind 6/10 Major 68% chance of damaging wind over 30 yrs
• 🫁 Air quality 4/10 Moderate 5 unhealthy d/yr today · 7 by 30 yrs out

Taxation est. · year 1

• Rental income: $198,324
• − Mortgage interest: −$78,366
• − Property taxes: −$20,007
• − Insurance: −$6,995
• − Repairs & maintenance: −$15,866
• − Management: −$15,866
• − Depreciation: −$40,698
• Taxable income: $20,526
• Est. tax owed @ 24.0%: −$4,926
• After-tax cash flow: $36,709/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: Kings County · 2,614,986 people
• City population: 7,731,280
• Metro: New York-Newark-Jersey City, NY-NJ-PA
• Population (ZIP): 94,196
• Household income: $58,347
• Rent vs Own: 75.0% rent · 25.0% own
• Severe rent burden: 6849.0

Population outlook (Kings County) Hauer SSP2

• Today (2025): 2,847,441 people
• By 2030: 2,937,006 · +3.1%
• By 2040: 3,095,491 · +8.7%
• By 2050: 3,228,968 · +13.4%
• By 2075: 3,321,723 · +16.7%
• By 2100: 3,111,387 · +9.3%

Race, ethnicity, and origin ACS 2023

• Neighborhood character: Diverse neighborhood (Simpson 0.58)
• Race & ethnicity: White 60% Asian 21% Hispanic / Latino 13% Two or more races 3% Black 1%
• Hispanic origin (detail): Mexican 5% Puerto Rican 2%
• Common ancestry: Romanian 4% Italian 2% Scotch-Irish 1%
• Foreign-born: 30% · China, Canada, Jamaica
• Languages at home: 18% English-only · German/W. Germanic 39% Chinese 19% Spanish 13%

Political lean MEDSL · Kings

• 2024 margin: Solid D (+44.0) · D 72.0% · R 28.0%
• 2008→2024 swing: -15.5pp toward R · 2008: 59.4pp · 2024: 44.0pp
• All cycles: 2024: D+44.0 2020: D+54.8 2016: D+61.8 2012: D+63.9 2008: D+59.4

Not yet ingested

• Civics: —

Market trends

• HPI YoY: ▲ 14.87%
• Current HPI: 315.9088
• 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

+2231.7% since first listed

5 events — show timeline

• 2026-05-03 Price Changed $1,399,000 BNYMLS
• 2026-02-03 Listed $1,499,000 BNYMLS
• 2020-11-06 Sold (Public Records) $1,285,000 Public Records
• 2020-01-07 Price Changed $1,399,000 BNYMLS
• 1981-04-01 Sold (Public Records) $60,000 Public Records

Property tax history

+5.5%/yr

Latest (2025): $20,007 · +6.9% YoY. Source: county tax records.