5 Bayview Ave · New York, NY 11414

$335,000

3 bd · 1.0 ba · 1,000 sqft · SingleFamily public records · 128 Days on market

Built 1920 1,600 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 +25.0/30.0
• DSCR +8.1/10.0
• ARV discount +7.5/15.0
• 1% rule +5.6/10.0
• Schools +5.0/10.0
• Livability +3.8/5.0
• Rent growth +2.5/5.0
• Condition / age +2.5/5.0
• Appreciation +0.0/10.0

Listing remarks

* * INVESTOR SPECIAL - WATERFRONT PROPERTY! * * Rare opportunity to own a waterfront 3 bedroom, 1 bath single family home in one of Queens' most sought after neighborhoods. Located in Howard Beach, this property offers an exceptional upside for investors, builders, or end-users looking to renovate and capitalize on a prime waterfront location. Endless potential to create a custom waterfront residence or high demand rental. Enjoy direct waterfront views and the long-term value that waterfront properties in Howard Beach are known for. Perfect for a fix and flip, rental investment or long term hold. Waterfront opportunities like this are rare - bring your vision and unlock the value. * *

Key facts

• Waterfront property
• 1,600 sq ft lot
• 3 parking spots

Tags

• WATERFRONT PROPERTY
• DIRECT WATERFRONT VIEWS
• CUSTOM WATERFRONT RESIDENCE

Property features AI

Exterior

• Parking: 3 parking spaces; On-street parking
• Utilities: Electricity connected (Con-Edison); Natural gas connected; Public water connected; Public sewer
• Home design: Single family residence
• Construction: Vinyl siding construction
• Exterior features: Waterfront property; Vinyl siding

Interior

• Kitchen: Dishwasher; Gas oven; Gas range; Refrigerator
• Bathrooms: 1 full bathroom
• Heating & cooling: Baseboard heating; No cooling
• Interior features: Eat-in kitchen; Full attic; No basement; 6 total rooms

What this means for you Summary

Snapshot

• This is a 3-bed/1.0-bath single-family listed at $335k.

Deal economics

• At list price, monthly cash flow is $300 ($4k/yr) — positive.
• The deal already cash-flows at list — no discount required.
• Meets the 1% rule at list price ($4k rent vs $335k).
• Recommended offer: $295k (12.0% below list) — sets the bar for market timing.
• Cap rate 8.9% 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: 260 active listings in the ZIP; 5 comparable units currently listed for rent nearby; rentals at typical pace (median 26d 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 45% of the median local income ($95k/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 128 days — a 12% lower offer ($295k) is reasonable based on typical stale-listing flexibility.
• 4 sale attempts since 10y ago; this cycle's ask has dropped $55k (14%) from the opening price — seller is motivated, your offer sets the floor, not the list.
• Current owner paid $112k; list at $335k implies a 200% gain — meaningful room to come down on a strong offer.

Risks & watch-outs

• Watch-outs: flood insurance adds $427/mo; built in 1920 — expect roof / HVAC / electrical / plumbing capex.
• Climate carrying-cost: in FEMA flood zone AE (mandatory federal flood insurance); major wind risk, 67% 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 $294,800 (12.0% below list)

Questions for the listing agent

1. It's been on market 128 days. Have you received any prior offers? Is the seller open to a 12% concession, seller financing, or rate buy-down credit?
2. Built in 1920 — when were the roof, HVAC, electrical panel, plumbing, and water heater last replaced?
3. What's the actual annual flood-insurance premium (NFIP or private), and is the property in a SFHA with mandatory coverage?
4. Why hasn't it sold? Are there any deal-killer items the seller is aware of (foundation, flood, title, zoning, code violations)?
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. This sits on a lake — are riparian / water-frontage rights deeded with the parcel? Any dock permits, shoreline easements, or HOA water-use restrictions?
9. What's the documented flood / surge / shoreline-erosion history here (FEMA AND non-FEMA — e.g., storm surge, creek backup, septic-field saturation)?
10. Any water-quality or seasonal algae-bloom issues that affect tenant satisfaction or short-term-rental demand?
11. 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.
12. 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.
13. 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: 1.06% ✓
• Cap rate: 8.90%
• Cash-on-cash: 9.29%
• DSCR: 1.41
• GRM: 7.9

CMA / ARV

• ARV (on-the-fly): $743,000
• Comps found: 3

Show comp detail 3 sales within ~0.75 mi

Address	Dist	Beds/Ba	Sqft	Sold	Price	$/sf	Match
10218 163rd Dr	0.29mi	3/1.0	1,101 (+10%)	12mo	$495,000	$450	60
158-09 102 St	0.42mi	2/2.0 (-1)	862 (-14%)	4mo	$729,300	$846	45
157-42 98th St	0.47mi	3/1.5	1,144 (+14%)	13mo	$850,000	$743	41

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 · 3.0% rent growth · sell at horizon

5-year hold

• IRR: -10.2%
• Equity multiple: 0.63×
• Total profit: $-35,018
• Equity at exit: $49,950

10-year hold

• IRR: -0.8%
• Equity multiple: 0.94×
• Total profit: $-5,221
• Equity at exit: $28,965

Cash invested: $93,800 (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 11414

• Active inventory: 260
• Price-to-rent: 7.9×

Monthly cashflow live

• Estimated rent: $3,544 high
• Mortgage (P&I): −$1,757
• Tax from tax record: −$177 /mo · $2,120/yr
• Insurance: −$140
• Flood insurance flood zone: −$427 /mo · $5,118/yr
• HOA: −$0
• Vacancy / Maint / Mgmt: −$744
• Net cashflow: $300

Break-even live

Break-even rent $3,164

Max offer price $335,000

Occupancy floor 87%

Sensitivity live

Price	-10% $490	-5% $395	+0% $300	+5% $205	+10% $110
Rent	-10% $20	-5% $160	+0% $300	+5% $440	+10% $580
Rate	-1.0pp $469	-0.5pp $385	base $300	+0.5pp $213	+1.0pp $125

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: $83,750
• Closing costs: $10,050
• Reserves months: —
• Total cash needed: —

Rent comps 5 comps

Address	Beds	Baths	Sqft	Rent	$/sqft	DOM	Units	Dist
10215 Dunton Ct Howard Beach, NY	3.0	2.0	1100	$3,500	$3.18	25d	1	0.17mi
155-69 99th St Unit 2nd Floor Jamaica, NY	3.0	1.5	1500	$3,200	$2.13	21d	1	0.57mi
156-49 76th St Unit 2 Jamaica, NY	3.0	2.0	1250	$3,300	$2.64	18d	1	1.32mi
149-09 84th St Unit 2 Howard Beach, NY	3.0	1.5	750	$3,200	$4.27	25d	1	1.33mi
14912 83rd St Howard Beach, NY	3.0	2.0	1250	$3,200	$2.56	25d	1	1.38mi

Listing history 23 events

1. 2026-06-10
   status $335,000 Pending 128 DOM
2. 2026-06-08
   days on market $335,000 Active 128 DOM
3. 2026-06-04
   days on market $335,000 Active 124 DOM
4. 2026-06-03
   days on market $335,000 Active 123 DOM
5. 2026-06-01
   days on market $335,000 Active 121 DOM
6. 2026-05-31
   days on market $335,000 Active 120 DOM
7. 2026-05-06
   price $335,000
8. 2026-03-27
   price $375,000
9. 2026-01-25
   listed $390,000 Active
10. 2026-01-15
    historical
11. 2025-12-15
    price $399,000
12. 2025-10-29
    price $435,000
13. 2025-10-03
    listed $459,000 Active
14. 2025-09-18
    historical
15. 2025-08-15
    price $489,900
16. 2025-05-16
    price $499,900
17. 2025-04-25
    price $525,000
18. 2025-04-08
    price $599,900
19. 2025-04-08
    listed $525,000 Active
20. 2016-02-18
    historical
21. 2016-02-18
    listed $425,000
22. 1999-02-03
    soldstatus $111,500
23. 1986-05-06
    soldstatus $20,000

ⓘ 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: $2,120 · $177/mo
• Projected year-2 tax: $3,891 · $324/mo
• Expected delta: +$1,771/yr (+$148/mo · 83.5%)

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

Climate risk First Street

• 🌊 Flood 10/10 Extreme FEMA zone AE · 99% chance over 30 yrs
• 🔥 Wildfire 2/10 Low
• 🌡 Heat 6/10 Major 7 d/yr ≥98°F today · 15 d/yr by 30 yrs out
• 💨 Wind 6/10 Major 67% 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: $42,524
• − Mortgage interest: −$18,765
• − Property taxes: −$2,120
• − Insurance: −$6,794
• − Repairs & maintenance: −$3,402
• − Management: −$3,402
• − Depreciation: −$9,745
• Taxable loss: −$1,705
• Est. tax savings @ 24.0%: +$409
• After-tax cash flow: $4,008/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): 31,308
• Household income: $95,051
• Rent vs Own: 26.9% rent · 73.1% own
• Severe rent burden: 985.0

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 0.56)
• Race & ethnicity: White 61% Hispanic / Latino 25% Two or more races 13% Black 5% Asian 5%
• Hispanic origin (detail): Puerto Rican 11% Dominican 6%
• Common ancestry: Romanian 4% Scotch-Irish 1%
• Foreign-born: 20% · Canada, Jamaica, China
• Languages at home: 63% English-only · Spanish 17% Other Indo-European 14% Russian/Polish/Slavic 2%

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: ▼ -227.02%
• Current HPI: 206.6334
• 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

+1575.0% since first listed

17 events — show timeline

• 2026-05-06 Price Changed $335,000 OneKey® MLS as Distributed by MLS Grid
• 2026-03-27 Price Changed $375,000 OneKey® MLS as Distributed by MLS Grid
• 2026-01-25 Listed $390,000 OneKey® MLS as Distributed by MLS Grid
• 2026-01-15 Listing Removed — OneKey® MLS as Distributed by MLS Grid
• 2025-12-15 Price Changed $399,000 OneKey® MLS as Distributed by MLS Grid
• 2025-10-29 Price Changed $435,000 OneKey® MLS as Distributed by MLS Grid
• 2025-10-03 Listed $459,000 OneKey® MLS as Distributed by MLS Grid
• 2025-09-18 Listing Removed — OneKey® MLS as Distributed by MLS Grid
• 2025-08-15 Price Changed $489,900 OneKey® MLS as Distributed by MLS Grid
• 2025-05-16 Price Changed $499,900 OneKey® MLS as Distributed by MLS Grid
• 2025-04-25 Price Changed $525,000 OneKey® MLS as Distributed by MLS Grid
• 2025-04-08 Price Changed $599,900 OneKey® MLS as Distributed by MLS Grid
• 2025-04-08 Listed $525,000 OneKey® MLS as Distributed by MLS Grid
• 2016-02-18 Listed $425,000 OneKey® MLS as Distributed by MLS Grid
• 2016-02-18 Listing Removed — OneKey® MLS as Distributed by MLS Grid
• 1999-02-03 Sold (Public Records) $111,500 Public Records
• 1986-05-06 Sold (Public Records) $20,000 Public Records

Property tax history

+7.2%/yr

Latest (2025): $2,120 · +104.6% YoY. Source: county tax records.