12 E Tiana Rd #6 · Hampton Bays, NY 11946

$350,000

1 bd · 1.0 ba · 500 sqft · Condo · 153 Days on market

Built 1955 Good condition

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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
• ARV discount +5.7/15.0
• Rent growth +5.0/5.0
• Schools +4.0/10.0
• Condition / age +4.0/5.0
• Livability +3.4/5.0
• Appreciation +0.0/10.0

Listing remarks MLS

Discover the charm of this cozy cabin co-op, a beautifully renovated one bedroom, one bath retreat nestled in a private, quiet community. Perfect as a part-time getaway or a year-round residence, this inviting space combines modern with rustic charm. Enjoy access to inground pool plus access to the bay, offering the ideal blend of relaxation and recreation. With all new finishes and throughout, this co-op is ready for you to move in and start enjoying peaceful living at its finest. Subject to Board approval. NO PETS. Can be rented after one year of ownership with annual rentals only.

Key facts

• New finishes
• Access to the bay
• Inground pool

Tags

• BEAUTIFULLY RENOVATED
• PRIVATE QUIET COMMUNITY
• INGROUND POOL
• ACCESS TO THE BAY
• MODERN WITH RUSTIC CHARM
• NEW FINISHES

🏢 Co-op / cooperative unit. The $350,000 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 $350k. Condition is rated good.

Deal economics

• At list price, monthly cash flow is $3k ($39k/yr) — positive.
• The deal already cash-flows at list — no discount required.
• Meets the 1% rule at list price ($7k rent vs $350k).
• Recommended offer: $308k (12.0% below list) — sets the bar for market timing.
• Cap rate 17.5% vs local median 6.4% in Hampton Bays — 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 68/100 on livability (#551 in NY) — a middle-class / working-renter tenant base. Strengths: crime A+, employment A+, health & safety B+; Watch: amenities F, commute F, cost of living F.
• Hampton Bays Union Free School District (suburban): math 45% / reading 44% proficiency, ranked #434 of 590 in NY (top 74%) — families likely to look elsewhere, expect single-tenant / working-renter base with shorter leases.
• Market conditions: Rents rising fast (+16.1%/yr); 172 active listings in the ZIP; 2 comparable units currently listed for rent nearby; high-income renter base; 1,366 units permitted in Suffolk County in 2024 (216 in 5+ unit buildings).
• At $7,188/mo this rent would consume 64% of the median local household income ($134k/yr) (locally 199% 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 $2k of loan paydown is wiped out by about $10k of value loss. Plan a longer hold.
• Suffolk County population projected to shrink 5% by 2050 — rents likely to lag national; underwrite the cash flow, not the appreciation.
• At projected returns (-3.0% appreciation + 8.0% rent growth), your $98k cash investment doubles in ~3 years — after that, you're playing with house money.

Negotiation context

• It's been on market 153 days — a 12% lower offer ($308k) is reasonable based on typical stale-listing flexibility.
• 3 sale attempts since 5y 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.

Risks & watch-outs

• Watch-outs: built in 1955 — expect roof / HVAC / electrical / plumbing capex.
• Climate carrying-cost: major flood risk; severe wind risk, 80% chance of damaging wind over 30y — expect insurance premiums to compound above CPI over the hold.

Recommended offer $308,000 (12.0% below list)

Questions for the listing agent

1. It's been on market 153 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 1955 — 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. 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. 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.
8. 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.
9. 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: 2.05% ✓
• Cap rate: 17.47%
• Cash-on-cash: 39.92%
• DSCR: 2.78
• GRM: 4.1

CMA / ARV

• ARV (median comp): $336,361
• List price: $350,000
• Delta: 4.05%
• Verdict: FAIR
• Comps: 5 within 1.0 mi

Projected returns pro-forma

-3.0% appreciation · 8.0% rent growth · sell at horizon

5-year hold

• IRR: 41.9%
• Equity multiple: 2.93×
• Total profit: $189,012
• Equity at exit: $52,186

10-year hold

• IRR: 50.3%
• Equity multiple: 7.18×
• Total profit: $605,287
• Equity at exit: $30,262

Cash invested: $98,000 (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 11946

• Home prices YoY: -20.3%
• Rents YoY: 16.1%
• Active inventory: 172
• Price-to-rent: 4.1×

Monthly cashflow live

• Estimated rent: $7,188 medium
• Mortgage (P&I): −$1,835
• Tax est. 1.5%: −$438 /mo · $5,250/yr
• Insurance: −$146
• HOA: −$0
• Vacancy / Maint / Mgmt: −$1,510
• Net cashflow: $3,260

Break-even live

Break-even rent $3,062

Max offer price $350,000

Occupancy floor 50%

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: $87,500
• Closing costs: $10,500
• Reserves months: —
• Total cash needed: —

Rent comps 2 comps

Address	Beds	Baths	Sqft	Rent	$/sqft	DOM	Units	Dist
129 Lamplight Cir Hampton Bays, NY	1.0	1.0	734	$3,245	$4.42	6d	12	0.70mi
164 W Montauk Hwy Hampton Bays, NY	1.0–2.0	1.0–1.5	610	$2,975	$4.88	44d	1	0.71mi

HOA detail condo

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

Listing history 25 events

1. 2026-06-18
   days on market $350,000 Active 153 DOM
2. 2026-06-17
   remarks 632-char remark
3. 2026-06-17
   days on market $350,000 Active 152 DOM
4. 2026-06-16
   days on market $350,000 Active 151 DOM
5. 2026-06-15
   days on market $350,000 Active 150 DOM
6. 2026-06-13
   days on market $350,000 Active 148 DOM
7. 2026-06-13
   days on market $350,000 Active 147 DOM
8. 2026-06-09
   days on market $350,000 Active 144 DOM
9. 2026-06-08
   days on market $350,000 Active 143 DOM
10. 2026-06-07
    days on market $350,000 Active 142 DOM
11. 2026-06-04
    days on market $350,000 Active 139 DOM
12. 2026-06-03
    days on market $350,000 Active 138 DOM
13. 2026-06-02
    days on market $350,000 Active 137 DOM
14. 2026-06-01
    days on market $350,000 Active 136 DOM
15. 2026-05-31
    days on market $350,000 Active 135 DOM
16. 2026-05-05
    status Active 590-char remark

    Show marketing remark (590 chars)

    Discover the charm of this cozy cabin co-op, a beautifully renovated one bedroom, one bath retreat nestled in a private, quiet community. Perfect as a part-time getaway or a year-round residence, this inviting space combines modern with rustic charm. Enjoy access to inground pool plus access to the bay, offering the ideal blend of relaxation and recreation. With all new finishes and throughout, this co-op is ready for you to move in and start enjoying peaceful living at its finest. Subject to Board approval. NO PETS. Can be rented after one year of ownership with annual rentals only.

17. 2026-03-03
    status Pending 590-char remark

    Show marketing remark (590 chars)

    Discover the charm of this cozy cabin co-op, a beautifully renovated one bedroom, one bath retreat nestled in a private, quiet community. Perfect as a part-time getaway or a year-round residence, this inviting space combines modern with rustic charm. Enjoy access to inground pool plus access to the bay, offering the ideal blend of relaxation and recreation. With all new finishes and throughout, this co-op is ready for you to move in and start enjoying peaceful living at its finest. Subject to Board approval. NO PETS. Can be rented after one year of ownership with annual rentals only.

18. 2026-01-28
    price $350,000 590-char remark

    Show marketing remark (590 chars)

    Discover the charm of this cozy cabin co-op, a beautifully renovated one bedroom, one bath retreat nestled in a private, quiet community. Perfect as a part-time getaway or a year-round residence, this inviting space combines modern with rustic charm. Enjoy access to inground pool plus access to the bay, offering the ideal blend of relaxation and recreation. With all new finishes and throughout, this co-op is ready for you to move in and start enjoying peaceful living at its finest. Subject to Board approval. NO PETS. Can be rented after one year of ownership with annual rentals only.

19. 2025-11-14
    listed $365,000 Active 590-char remark

    Show marketing remark (590 chars)

    Discover the charm of this cozy cabin co-op, a beautifully renovated one bedroom, one bath retreat nestled in a private, quiet community. Perfect as a part-time getaway or a year-round residence, this inviting space combines modern with rustic charm. Enjoy access to inground pool plus access to the bay, offering the ideal blend of relaxation and recreation. With all new finishes and throughout, this co-op is ready for you to move in and start enjoying peaceful living at its finest. Subject to Board approval. NO PETS. Can be rented after one year of ownership with annual rentals only.

20. 2022-07-01
    historical
21. 2022-04-27
    price $299,000
22. 2022-04-13
    price $309,000
23. 2022-03-26
    price $314,000
24. 2021-09-18
    price $319,000
25. 2021-08-18
    listed $340,000 Active

ⓘ 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 6/10 Major FEMA zone X (unshaded) · 56% chance over 30 yrs
• 🔥 Wildfire 2/10 Low
• 🌡 Heat 4/10 Moderate 7 d/yr ≥90°F today · 20 d/yr by 30 yrs out
• 💨 Wind 8/10 Severe 80% chance of damaging wind over 30 yrs
• 🫁 Air quality 3/10 Moderate 2 unhealthy d/yr today · 3 by 30 yrs out

Taxation est. · year 1

• Rental income: $86,260
• − Mortgage interest: −$19,605
• − Property taxes: −$5,250
• − Insurance: −$1,750
• − Repairs & maintenance: −$6,901
• − Management: −$6,901
• − Depreciation: −$10,182
• Taxable income: $35,671
• Est. tax owed @ 24.0%: −$8,561
• After-tax cash flow: $30,559/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 · 9 photos

Good 80/100 Cosmetic rehab

This cozy cabin co-op is in good condition with modern finishes and a well-maintained exterior. It offers a great opportunity for a move-in-ready living space with potential for further value enhancement through minor updates.

Value-add opportunities

• Both Painting exterior and interior walls — Enhances curb appeal and interior aesthetics
• Both Landscaping improvements — Enhances curb appeal and adds value
• Both New flooring in bathrooms — Improves functionality and aesthetics
• Both New kitchen appliances — Modernizes the space and adds value

Renovation cost estimate screening

Value-add ROI direction

• Both Painting exterior and interior walls — Enhances curb appeal and interior aesthetics ↑
• Both Landscaping improvements — Enhances curb appeal and adds value ↑
• Both New flooring in bathrooms — Improves functionality and aesthetics ↑
• Both New kitchen appliances — Modernizes the space and adds value ↑

ⓘ 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: Hampton Bays Union Free School District
• NCES district ID: 3613530
• Math proficiency: 45% ▼ -8.00%
• Reading proficiency: 44% ▼ -1.00%
• Median HH income: $70,274
• Composite: 40.18/100
• National rank: #3788
• State rank: #434 of 590 in NY

Livability — Hampton Bays

• Score: 68/100
• State rank: #551
• US rank: #9894

Category grades

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

Schools grade is shown separately in the Schools card above.

Census & demographics

• Census place: Hampton Bays, NY
• County: Suffolk County · 679,920 people
• City population: 15,819
• Metro: New York-Newark-Jersey City, NY-NJ-PA
• Population (ZIP): 15,819
• Household income: $133,918
• Rent vs Own: 18.1% rent · 81.9% own
• Severe rent burden: 199.0

Population outlook (Suffolk County) Hauer SSP2

• Today (2025): 1,505,262 people
• By 2030: 1,498,318 · -0.5%
• By 2040: 1,471,101 · -2.3%
• By 2050: 1,424,848 · -5.3%
• By 2075: 1,337,157 · -11.2%
• By 2100: 1,217,720 · -19.1%

Race, ethnicity, and origin ACS 2023

• Neighborhood character: Majority White (62%)
• Race & ethnicity: White 62% Hispanic / Latino 32% Two or more races 13% Asian 3% Black 2%
• Hispanic origin (detail): Mexican 6%
• Common ancestry: Romanian 4% Slovak 2% Portuguese 2%
• Foreign-born: 26% · Canada, Jamaica, Guatemala
• Languages at home: 64% English-only · Spanish 29% Other Indo-European 2% French/Haitian/Cajun 2%

Political lean MEDSL · Suffolk

• 2024 margin: Lean R (+10.0) · D 45.0% · R 55.0%
• 2008→2024 swing: -16.0pp toward R · 2008: 6.0pp · 2024: -10.0pp
• All cycles: 2024: R+10.0 2020: R+0.0 2016: R+8.2 2012: D+2.9 2008: D+6.0

Not yet ingested

• Civics: —

Market trends

• HPI YoY: ▼ -118.82%
• Current HPI: 467.2466
• Rent YoY: ▲ 16.07%
• 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

+2.9% since first listed

10 events — show timeline

• 2026-05-05 Relisted — OneKey® MLS as Distributed by MLS Grid
• 2026-03-03 Pending — OneKey® MLS as Distributed by MLS Grid
• 2026-01-28 Price Changed $350,000 OneKey® MLS as Distributed by MLS Grid
• 2025-11-14 Listed $365,000 OneKey® MLS as Distributed by MLS Grid
• 2022-07-01 Listing Removed — OneKey® MLS as Distributed by MLS Grid
• 2022-04-27 Price Changed $299,000 OneKey® MLS as Distributed by MLS Grid
• 2022-04-13 Price Changed $309,000 OneKey® MLS as Distributed by MLS Grid
• 2022-03-26 Price Changed $314,000 OneKey® MLS as Distributed by MLS Grid
• 2021-09-18 Price Changed $319,000 OneKey® MLS as Distributed by MLS Grid
• 2021-08-18 Listed $340,000 OneKey® MLS as Distributed by MLS Grid