11219 34th Ave Unit F · New York, NY 11368

$258,000

2 bd · 1.0 ba · 725 sqft · Condo · 109 Days on market

Built 1950

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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 +23.2/30.0
• Appreciation +8.7/10.0
• DSCR +7.5/10.0
• ARV discount +7.5/15.0
• 1% rule +6.0/10.0
• 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

2 Bedroom 1st Floor Co-Op Apartment Wood Floors Throughout, Lots Of Closets. Close To Citi Fields, Shea Stadium, Laguardia Airport, Transportation 7 Train, Q66 Bus, Additional information: Appearance:Good,Interior Features:Efficiency Kitchen,Lr/Dr

Key facts

• Storage room
• Open concept living
• Laundry room

Tags

• NEWLY RENOVATED
• HIGH CEILINGS
• OPEN CONCEPT LIVING
• LAUNDRY ROOM
• STORAGE ROOM
• 24 HOUR DOORMAN PATROL

Property features AI

Exterior

• Parking: No carport; Other parking features
• Utilities: Public sewer; Electricity available; Natural gas available; Sewer available
• Home design: Stock cooperative; Entry at level 1
• Construction: Brick construction
• Exterior features: Brick construction; Not waterfront

Interior

• Kitchen: Gas cooktop
• Bedrooms: 4 total rooms (bedroom count not specified)
• Bathrooms: 1 full bathroom
• Heating & cooling: Natural gas heating; Additional heating (other); Wall/window air conditioning unit(s)
• Interior features: Other interior features
• Laundry & utility: Tankless water heater

🏢 Co-op / cooperative unit. The $258,000 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 2-bed/1.0-bath condo listed at $258k.

Deal economics

• At list price, monthly cash flow is $469 ($6k/yr) — positive.
• The deal already cash-flows at list — no discount required.
• Meets the 1% rule at list price ($3k rent vs $258k).
• Recommended offer: $235k (9.0% below list) — sets the bar for market timing.
• Cap rate 8.5% 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: 243 active listings in the ZIP; 23 comparable units currently listed for rent nearby; rentals at typical pace (median 20d on market — plan ~3-4 weeks tenant-placement turnaround); 5,302 units permitted in Queens County in 2024 (4,918 in 5+ unit buildings).
• At $2,850/mo this rent would consume 47% of the median local household income ($72k/yr) (locally 6817% 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 $21k of equity ($2k loan paydown + $19k appreciation (7.4% local appreciation)).
• Queens County population projected at +16% by 2050 — long-run rental-demand tailwind backs the buy-and-hold thesis.
• At projected returns (7.4% appreciation + 3.0% rent growth), your $72k cash investment doubles in ~3 years — after that, you're playing with house money.
• By year 2, paydown + projected appreciation supports a ~$33k cash-out refi (75% LTV) — recoverable capital for the next deal without selling this one.

Negotiation context

• It's been on market 109 days — a 9% lower offer ($235k) is reasonable based on typical stale-listing flexibility.
• 4 sale attempts since 8y 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 $155k; list at $258k implies a 66% gain — meaningful room to come down on a strong offer.

Risks & watch-outs

• Watch-outs: built in 1950 — 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 $234,780 (9.0% below list)

Questions for the listing agent

1. It's been on market 109 days. Have you received any prior offers? Is the seller open to a 9% concession, seller financing, or rate buy-down credit?
2. Built in 1950 — 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. 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. 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.
9. 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.
10. 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: 1.10% ✓
• Cap rate: 8.47%
• Cash-on-cash: 7.79%
• DSCR: 1.35
• GRM: 7.5

CMA / ARV

No comps found within radius.

Projected returns pro-forma

7.4% appreciation · 3.0% rent growth · sell at horizon

5-year hold

• IRR: 24.8%
• Equity multiple: 2.75×
• Total profit: $126,359
• Equity at exit: $185,567

10-year hold

• IRR: 22.7%
• Equity multiple: 5.77×
• Total profit: $344,553
• Equity at exit: $358,813

Cash invested: $72,240 (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 11368

• Home prices YoY: 2.7%
• Active inventory: 243
• Price-to-rent: 7.5×

Monthly cashflow live

• Estimated rent: $2,850 high
• Mortgage (P&I): −$1,353
• Tax est. 1.5%: −$322 /mo · $3,870/yr
• Insurance: −$108
• HOA: −$0
• Vacancy / Maint / Mgmt: −$599
• Net cashflow: $469

Break-even live

Break-even rent $2,257

Max offer price $258,000

Occupancy floor 79%

Sensitivity live

Price	-10% $647	-5% $558	+0% $469	+5% $380	+10% $290
Rent	-10% $244	-5% $356	+0% $469	+5% $581	+10% $694
Rate	-1.0pp $599	-0.5pp $534	base $469	+0.5pp $402	+1.0pp $334

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: $64,500
• Closing costs: $7,740
• Reserves months: —
• Total cash needed: —

Rent comps 23 comps

Address	Beds	Baths	Sqft	Rent	$/sqft	DOM	Units	Dist
3260 106th St East Elmhurst, NY	1.0	1.0	600	$3,250	$5.42	0d	1	0.32mi
3730 103rd St Corona, NY	1.0	1.0	540	$1,800	$3.33	19d	1	0.50mi
31-47 102nd St Unit 2 fl Flushing, NY	2.0	1.0	650	$2,600	$4.00	25d	1	0.55mi
10006 32nd Ave East Elmhurst, NY	1.0	1.0	500	$2,500	$5.00	11d	1	0.62mi
2724 Gillmore St Unit 2 East Elmhurst, NY	1.0	1.0	576	$2,300	$3.99	25d	1	0.67mi
98-07 37th Ave Flushing, NY	3.0	1.0	750	$3,350	$4.47	25d	1	0.70mi
13105 40th Rd Flushing, NY	2.0	1.0–2.0	762	$4,500	$5.90	4d	3	1.07mi
13105 40th Rd Flushing, NY	1.0	1.0	626	$3,350	$5.35	19d	3	1.07mi
4105 College Point Blvd Unit 5I Flushing, NY	2.0	2.0	600	$2,600	$4.33	4d	1	1.24mi
13327 39th Ave Unit 3N Flushing, NY	1.0	1.0	720	$3,600	$5.00	25d	1	1.24mi
13203 Sanford Ave Unit 7E Flushing, NY	2.0	2.0	702	$2,800	$3.99	25d	1	1.27mi
132-30 Sanford Ave Unit 4Af Queens, NY	1.0	1.0	470	$2,300	$4.89	25d	1	1.32mi
3916 Prince St Flushing, NY	1.0	1.0	530	$2,900	$5.47	16d	2	1.33mi
13208 Pople Ave Unit 4A Flushing, NY	1.0	1.0	650	$2,500	$3.85	25d	1	1.33mi
13416 35th Ave Unit 7E Flushing, NY	2.0	2.0	681	$3,300	$4.85	25d	1	1.37mi
13239 Pople Ave Unit 6D Flushing, NY	1.0	1.0	750	$2,500	$3.33	5d	1	1.37mi
3371 Prince St Unit 8J Flushing, NY	2.0	2.0	741	$4,075	$5.50	16d	1	1.37mi
3371 Prince St Unit 13L Flushing, NY	1.0	1.0	452	$2,800	$6.19	25d	1	1.37mi
3371 Prince St Unit 8F Flushing, NY	2.0	2.0	716	$4,050	$5.66	16d	1	1.37mi
133-08 41st Rd Flushing, NY	2.0	1.0	700	$2,300	$3.29	25d	1	1.37mi
13226 Avery Ave Unit 8A Flushing, NY	2.0	2.0	725	$2,800	$3.86	4d	1	1.38mi
3716 83rd St Jackson Heights, NY	1.0	1.0	700	$1,800	$2.57	19d	1	1.49mi
25-05 124th St Fl 1 Flushing, NY	2.0	1.0	750	$2,300	$3.07	19d	1	1.49mi

HOA detail condo

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

Listing history 16 events

1. 2026-06-18
   days on market $258,000 Active 109 DOM
2. 2026-06-17
   days on market $258,000 Active 108 DOM
3. 2026-06-15
   days on market $258,000 Active 106 DOM
4. 2026-06-13
   days on market $258,000 Active 104 DOM
5. 2026-06-10
   days on market $258,000 Active 100 DOM
6. 2026-06-08
   days on market $258,000 Active 99 DOM
7. 2026-06-08
   days on market $258,000 Active 98 DOM
8. 2026-06-04
   days on market $258,000 Active 95 DOM
9. 2026-05-31
   days on market $258,000 Active 93 DOM
10. 2026-02-27
    listed $258,000 Active
11. 2024-08-22
    listed $218,000 Active
12. 2018-12-28
    soldstatus $155,000 Closed 251-char remark

    Show marketing remark (251 chars)

    2 Bedroom 1st Floor Co-Op Apartment Wood Floors Throughout, Lots Of Closets. Close To Citi Fields, Shea Stadium, Laguardia Airport, Transportation 7 Train, Q66 Bus, Additional information: Appearance:Good,Interior Features:Efficiency Kitchen,Lr/Dr

13. 2018-09-26
    status Under Contract 251-char remark

    Show marketing remark (251 chars)

    2 Bedroom 1st Floor Co-Op Apartment Wood Floors Throughout, Lots Of Closets. Close To Citi Fields, Shea Stadium, Laguardia Airport, Transportation 7 Train, Q66 Bus, Additional information: Appearance:Good,Interior Features:Efficiency Kitchen,Lr/Dr

14. 2018-07-19
    status Back On Market 251-char remark

    Show marketing remark (251 chars)

    2 Bedroom 1st Floor Co-Op Apartment Wood Floors Throughout, Lots Of Closets. Close To Citi Fields, Shea Stadium, Laguardia Airport, Transportation 7 Train, Q66 Bus, Additional information: Appearance:Good,Interior Features:Efficiency Kitchen,Lr/Dr

15. 2018-05-04
    status Under Contract 251-char remark

    Show marketing remark (251 chars)

    2 Bedroom 1st Floor Co-Op Apartment Wood Floors Throughout, Lots Of Closets. Close To Citi Fields, Shea Stadium, Laguardia Airport, Transportation 7 Train, Q66 Bus, Additional information: Appearance:Good,Interior Features:Efficiency Kitchen,Lr/Dr

16. 2018-02-02
    listed $150,000 New 251-char remark

    Show marketing remark (251 chars)

    2 Bedroom 1st Floor Co-Op Apartment Wood Floors Throughout, Lots Of Closets. Close To Citi Fields, Shea Stadium, Laguardia Airport, Transportation 7 Train, Q66 Bus, Additional information: Appearance:Good,Interior Features:Efficiency Kitchen,Lr/Dr

ⓘ 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 ≥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: $34,202
• − Mortgage interest: −$14,452
• − Property taxes: −$3,870
• − Insurance: −$1,290
• − Repairs & maintenance: −$2,736
• − Management: −$2,736
• − Depreciation: −$7,505
• Taxable income: $1,613
• Est. tax owed @ 24.0%: −$387
• After-tax cash flow: $5,237/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): 105,716
• Household income: $72,270
• Rent vs Own: 76.9% rent · 23.1% own
• Severe rent burden: 6817.0

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: Predominantly Hispanic (75%)
• Race & ethnicity: Hispanic / Latino 75% Two or more races 14% Asian 12% Black 8% White 4% Native American 1%
• Hispanic origin (detail): Mexican 20% Puerto Rican 2% Dominican 14%
• Foreign-born: 60% · Canada, China, Jamaica
• Languages at home: 15% English-only · Spanish 70% Chinese 6% Other Indo-European 3%

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: ▲ 7.40%
• Current HPI: 282.8276
• 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

+72.0% since first listed

7 events — show timeline

• 2026-02-27 Listed $258,000 OneKey® MLS as Distributed by MLS Grid
• 2024-08-22 Listed $218,000 OneKey® MLS as Distributed by MLS Grid
• 2018-12-28 Sold (MLS) $155,000 OneKey® MLS as Distributed by MLS Grid
• 2018-09-26 Pending — OneKey® MLS as Distributed by MLS Grid
• 2018-07-19 Relisted — OneKey® MLS as Distributed by MLS Grid
• 2018-05-04 Pending — OneKey® MLS as Distributed by MLS Grid
• 2018-02-02 Listed $150,000 OneKey® MLS as Distributed by MLS Grid