1480 Thieriot Ave Unit 5F · New York, NY 10460

$134,999

1 bd · 1.0 ba · 790 sqft · Condo · 178 Days on market

Built 1958 $753/mo HOA · 26% of rent

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

Listing remarks MLS

Spacious 1 bedroom coop. Gas & Electric included in maintenance. Large dining area, large living room, Eat-in-kitchen, wood floors and lots of closets. Close to all and #6 train.

Key facts

• Indoor parking
• On site laundry room
• Big park

Tags

• INDOOR PARKING
• ON SITE LAUNDRY ROOM
• BIG PARK

Property features AI

Finance

• HOA & community: Association fee of $753 per month; Association includes utilities; Has association

Exterior

• Parking: Has garage with 25 garage spaces; No carport; Parking waitlist
• Utilities: Public sewer; Utilities included in association (see remarks for details)
• Home design: Stock cooperative
• Construction: Brick construction
• Exterior features: Brick construction; Not waterfront

Interior

• Kitchen: Gas oven
• Bedrooms: 3 rooms total (includes bedrooms and living areas)
• Bathrooms: 1 full bathroom
• Heating & cooling: Oil heating; Wall/window air conditioning units
• Interior features: Elevator; Pets allowed

What this means for you Summary

Snapshot

• This is a 1-bed/1.0-bath condo listed at $135k.

Deal economics

• At list price, monthly cash flow is $531 ($6k/yr) — positive.
• The deal already cash-flows at list — no discount required.
• Meets the 1% rule at list price ($3k rent vs $135k).
• Recommended offer: $119k (12.0% below list) — sets the bar for market timing.
• Cap rate 11.6% 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: 78 active listings in the ZIP; lower-income renter base — watch delinquency; 6,929 units permitted in Bronx County in 2024 (6,829 in 5+ unit buildings).
• At $2,890/mo this rent would consume 96% of the median local household income ($36k/yr) (locally 7852% 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 $11k of equity ($933 loan paydown + $10k appreciation (7.5% local appreciation)).
• Bronx County population projected at +21% by 2050 — long-run rental-demand tailwind backs the buy-and-hold thesis.
• At projected returns (7.5% appreciation + 3.0% rent growth), your $38k cash investment doubles in ~3 years — after that, you're playing with house money.
• By year 4, paydown + projected appreciation supports a ~$38k cash-out refi (75% LTV) — recoverable capital for the next deal without selling this one.

Negotiation context

• It's been on market 178 days — a 12% lower offer ($119k) is reasonable based on typical stale-listing flexibility.
• 13 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 $64k; list at $135k implies a 111% gain — meaningful room to come down on a strong offer.

Risks & watch-outs

• Watch-outs: flood insurance adds $66/mo; HOA is 26% of rent; built in 1958 — expect roof / HVAC / electrical / plumbing capex.
• Climate carrying-cost: major 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 $118,799 (12.0% below list)

Questions for the listing agent

1. It's been on market 178 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 1958 — 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. What does the HOA fee cover, when was the last increase, and are there any pending special assessments or reserve-fund shortfalls?
5. 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?
6. Why hasn't it sold? Are there any deal-killer items the seller is aware of (foundation, flood, title, zoning, code violations)?
7. Is there a deadline driving the sale (1031 exchange, divorce, estate, relocation)? That informs how much negotiation room exists.
8. 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?
9. 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?
10. 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.
11. 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.
12. 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: 2.14% ✓
• Cap rate: 11.60%
• Cash-on-cash: 18.96%
• DSCR: 1.84
• GRM: 3.9

CMA / ARV

No comps found within radius.

Projected returns pro-forma

7.46% appreciation · 3.0% rent growth · sell at horizon

5-year hold

• IRR: 32.4%
• Equity multiple: 3.26×
• Total profit: $85,371
• Equity at exit: $97,679

10-year hold

• IRR: 29.3%
• Equity multiple: 6.92×
• Total profit: $223,685
• Equity at exit: $189,412

Cash invested: $37,800 (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 10460

• Home prices YoY: 3.5%
• Active inventory: 78
• Price-to-rent: 3.9×

Monthly cashflow live

• Estimated rent: $2,890 medium
• Mortgage (P&I): −$708
• Tax est. 1.5%: −$169 /mo · $2,025/yr
• Insurance: −$56
• Flood insurance flood zone: −$66 /mo · $798/yr
• HOA: −$753
• Vacancy / Maint / Mgmt: −$607
• Net cashflow: $531

Break-even live

Break-even rent $2,218

Max offer price $134,999

Occupancy floor 77%

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: $33,750
• Closing costs: $4,050
• Reserves months: —
• Total cash needed: —

HOA detail condo

• Monthly dues: $753 · $9,036/yr
• Likely covers: gaselectric
• Assessments: None detected in remarks — confirm with the listing agent.

Listing history 41 events

1. 2026-06-18
   days on market $134,999 Active 178 DOM
2. 2026-06-17
   days on market $134,999 Active 177 DOM
3. 2026-06-15
   days on market $134,999 Active 175 DOM
4. 2026-06-13
   pricedays on market $134,999 Active 173 DOM
5. 2026-06-10
   days on market $135,999 Active 169 DOM
6. 2026-06-08
   days on market $135,999 Active 168 DOM
7. 2026-06-04
   days on market $135,999 Active 164 DOM
8. 2026-06-03
   days on market $135,999 Active 163 DOM
9. 2026-06-01
   days on market $135,999 Active 161 DOM
10. 2026-05-31
    days on market $135,999 Active 160 DOM
11. 2026-05-08
    price $135,999
12. 2026-04-25
    status Active
13. 2026-04-08
    historical
14. 2026-02-11
    price $138,999
15. 2026-02-06
    status Active
16. 2025-12-07
    status Pending
17. 2025-10-07
    listed $139,000 Active
18. 2015-07-24
    soldstatus $64,000 Sold 184-char remark

    Show marketing remark (184 chars)

    Spacious 1 bedroom coop. Gas & Electric included in maintenance. Large dining area, large living room, Eat-in-kitchen, wood floors and lots of closets. Close to all and #6 train.

19. 2015-07-24
    price $64,000 184-char remark

    Show marketing remark (184 chars)

    Spacious 1 bedroom coop. Gas & Electric included in maintenance. Large dining area, large living room, Eat-in-kitchen, wood floors and lots of closets. Close to all and #6 train.

20. 2015-07-22
    soldstatus $64,000 286-char remark

    Show marketing remark (286 chars)

    Spacious 1 bedroom coop. Gas & Electric included in maintenance. Large dining area, large living room, Eat-in-kitchen, wood floors and lots of closets. Close to all and #6 train. Additional Information: Amenities:Storage,HeatingFuel:Oil Below Ground,ParkingFeatures:1 Car Attached,

21. 2015-04-23
    historical Pending 184-char remark

    Show marketing remark (184 chars)

    Spacious 1 bedroom coop. Gas & Electric included in maintenance. Large dining area, large living room, Eat-in-kitchen, wood floors and lots of closets. Close to all and #6 train.

22. 2015-04-22
    price $69,000 184-char remark

    Show marketing remark (184 chars)

    Spacious 1 bedroom coop. Gas & Electric included in maintenance. Large dining area, large living room, Eat-in-kitchen, wood floors and lots of closets. Close to all and #6 train.

23. 2015-03-18
    status Active 184-char remark

    Show marketing remark (184 chars)

    Spacious 1 bedroom coop. Gas & Electric included in maintenance. Large dining area, large living room, Eat-in-kitchen, wood floors and lots of closets. Close to all and #6 train.

24. 2015-03-07
    historical Expired 184-char remark

    Show marketing remark (184 chars)

    Spacious 1 bedroom coop. Gas & Electric included in maintenance. Large dining area, large living room, Eat-in-kitchen, wood floors and lots of closets. Close to all and #6 train.

25. 2015-02-02
    price $69,000 184-char remark

    Show marketing remark (184 chars)

    Spacious 1 bedroom coop. Gas & Electric included in maintenance. Large dining area, large living room, Eat-in-kitchen, wood floors and lots of closets. Close to all and #6 train.

26. 2015-01-30
    status Active 184-char remark

    Show marketing remark (184 chars)

    Spacious 1 bedroom coop. Gas & Electric included in maintenance. Large dining area, large living room, Eat-in-kitchen, wood floors and lots of closets. Close to all and #6 train.

27. 2014-12-05
    historical Pending 184-char remark

    Show marketing remark (184 chars)

    Spacious 1 bedroom coop. Gas & Electric included in maintenance. Large dining area, large living room, Eat-in-kitchen, wood floors and lots of closets. Close to all and #6 train.

28. 2014-12-04
    status Active 184-char remark

    Show marketing remark (184 chars)

    Spacious 1 bedroom coop. Gas & Electric included in maintenance. Large dining area, large living room, Eat-in-kitchen, wood floors and lots of closets. Close to all and #6 train.

29. 2014-11-07
    historical Expired 184-char remark

    Show marketing remark (184 chars)

    Spacious 1 bedroom coop. Gas & Electric included in maintenance. Large dining area, large living room, Eat-in-kitchen, wood floors and lots of closets. Close to all and #6 train.

30. 2014-08-19
    status Active 184-char remark

    Show marketing remark (184 chars)

    Spacious 1 bedroom coop. Gas & Electric included in maintenance. Large dining area, large living room, Eat-in-kitchen, wood floors and lots of closets. Close to all and #6 train.

31. 2014-05-07
    historical Expired 184-char remark

    Show marketing remark (184 chars)

    Spacious 1 bedroom coop. Gas & Electric included in maintenance. Large dining area, large living room, Eat-in-kitchen, wood floors and lots of closets. Close to all and #6 train.

32. 2013-11-06
    listed $65,000 Active 184-char remark

    Show marketing remark (286 chars)

    Spacious 1 bedroom coop. Gas & Electric included in maintenance. Large dining area, large living room, Eat-in-kitchen, wood floors and lots of closets. Close to all and #6 train. Additional Information: Amenities:Storage,HeatingFuel:Oil Below Ground,ParkingFeatures:1 Car Attached,

33. 2013-11-06
    listed $69,000 286-char remark

    Show marketing remark (286 chars)

    Spacious 1 bedroom coop. Gas & Electric included in maintenance. Large dining area, large living room, Eat-in-kitchen, wood floors and lots of closets. Close to all and #6 train. Additional Information: Amenities:Storage,HeatingFuel:Oil Below Ground,ParkingFeatures:1 Car Attached,

34. 2013-03-13
    historical
35. 2013-03-12
    historical
36. 2013-01-07
    listed Active
37. 2013-01-07
    listed $70,000
38. 2013-01-04
    historical
39. 2013-01-04
    historical
40. 2013-01-02
    listed
41. 2013-01-02
    listed $70,000

ⓘ 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 7/10 Severe FEMA zone X (unshaded) · 75% 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 5 unhealthy d/yr today · 6 by 30 yrs out

Taxation est. · year 1

• Rental income: $34,680
• − Mortgage interest: −$7,562
• − Property taxes: −$2,025
• − Insurance: −$1,472
• − Repairs & maintenance: −$2,774
• − Management: −$2,774
• − HOA: −$9,036
• − Depreciation: −$3,927
• Taxable income: $5,109
• Est. tax owed @ 24.0%: −$1,226
• After-tax cash flow: $5,143/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): 59,396
• Household income: $36,309
• Rent vs Own: 90.6% rent · 9.4% own
• Severe rent burden: 7852.0

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: Predominantly Hispanic (65%)
• Race & ethnicity: Hispanic / Latino 65% Black 27% Two or more races 20% White 3% Native American 1%
• Hispanic origin (detail): Mexican 4% Puerto Rican 23% Dominican 28%
• Foreign-born: 33% · Canada
• Languages at home: 38% English-only · Spanish 54% French/Haitian/Cajun 2% Other Indo-European 1%

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: ▲ 7.46%
• Current HPI: 224.0425
• 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

+94.3% since first listed

31 events — show timeline

• 2026-05-08 Price Changed $135,999 OneKey® MLS as Distributed by MLS Grid
• 2026-04-25 Relisted — OneKey® MLS as Distributed by MLS Grid
• 2026-04-08 Listing Removed — OneKey® MLS as Distributed by MLS Grid
• 2026-02-11 Price Changed $138,999 OneKey® MLS as Distributed by MLS Grid
• 2026-02-06 Relisted — OneKey® MLS as Distributed by MLS Grid
• 2025-12-07 Pending — OneKey® MLS as Distributed by MLS Grid
• 2025-10-07 Listed $139,000 OneKey® MLS as Distributed by MLS Grid
• 2015-07-24 Price Changed $64,000 HGMLS
• 2015-07-24 Sold (MLS) $64,000 HGMLS
• 2015-07-22 Sold (MLS) $64,000 OneKey® MLS as Distributed by MLS Grid
• 2015-04-23 Contingent — HGMLS
• 2015-04-22 Price Changed $69,000 HGMLS
• 2015-03-18 Relisted — HGMLS
• 2015-03-07 Delisted — HGMLS
• 2015-02-02 Price Changed $69,000 HGMLS
• 2015-01-30 Relisted — HGMLS
• 2014-12-05 Contingent — HGMLS
• 2014-12-04 Relisted — HGMLS
• 2014-11-07 Delisted — HGMLS
• 2014-08-19 Relisted — HGMLS
• 2014-05-07 Delisted — HGMLS
• 2013-11-06 Listed $65,000 HGMLS
• 2013-11-06 Listed $69,000 OneKey® MLS as Distributed by MLS Grid
• 2013-03-13 Delisted — HGMLS
• 2013-03-12 Listing Removed — OneKey® MLS as Distributed by MLS Grid
• 2013-01-07 Listed $70,000 OneKey® MLS as Distributed by MLS Grid
• 2013-01-07 Listed — HGMLS
• 2013-01-04 Listing Removed — OneKey® MLS as Distributed by MLS Grid
• 2013-01-04 Delisted — HGMLS
• 2013-01-02 Listed $70,000 OneKey® MLS as Distributed by MLS Grid
• 2013-01-02 Listed — HGMLS