18-40 211th St Unit 4E · New York, NY 11360

$260,000

1 bd · 1.0 ba · 829 sqft · Condo · 23 Days on market

Built 1959

---

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 +21.7/30.0
• ARV discount +7.5/15.0
• DSCR +6.9/10.0
• Appreciation +6.6/10.0
• 1% rule +5.7/10.0
• Schools +5.0/10.0
• Livability +3.8/5.0
• Rent growth +2.5/5.0
• Condition / age +2.5/5.0

Listing remarks

CO-OP! Elevator! WOW! Bright Updated OVERSIZED Panoramic Skyline and TreeTops! South/East Facing Front Courtyard! JR4/True 1-Bedroom with Renovated Designer-Windowed Galley Pass-thru Kitchen and Windowed Bath with Updated Vanity! 'FLEX' Dining Alcove! Convertible to Home Office, Den/'Guest 2nd-BedRoom', JR4-Junior room, Work-out/Yoga . . or just for Zen/Relaxation! Enjoy Nature! OMG! Love the UNIQUE!! Extra BONUS-'STORAGE-Size' CLOSET/Storage Room! Closets Galore! Updated Electric with Recess Lighting and Designer Swirl-Ceiling! Wonderful Floors! In Bedroom/Custom Memory-Foam/Carpet! Luxury-'Unlimited' A/C (Flat-Fee+)! All Basic Utilities+Real Estate Tax INCLUDED in Maintenance! NO Separate

Key facts

• Storage size closet
• South east facing
• Renovated kitchen

Tags

• PANORAMIC SKYLINE
• SOUTH EAST FACING
• RENOVATED KITCHEN
• WINDOWED BATH
• FLEX DINING ALCOVE
• STORAGE SIZE CLOSET

Property features AI

Finance

• HOA & community: Elevator(s); Landscaping; Live-in superintendent; Maintenance; Grounds maintenance; Park access; Parking; Playground; Additional annual fee: $400 for unlimited luxury A/C

Exterior

• Parking: Assigned parking; Garage parking; Off-street parking; Parking lot; Private parking; Waitlist parking; Parking fee of $60
• Security: Building security; Fire escape; Key card entry; Smoke detectors; Window bars
• Utilities: Public sewer; Trash collection (public)
• Home design: Stock cooperative; Updated/remodeled condition; Six-story building; One level unit; Entry level: 4
• Construction: Brick construction
• Exterior features: Courtyard; Playground; Garden; Landscaped grounds; Near public transit; Near shops; Private; Building is near schools

Interior

• Kitchen: Galley-style kitchen; Walk-through layout
• Bedrooms: Bedroom on the first floor
• Flooring: Combination flooring
• Bathrooms: 1 full bathroom
• Heating & cooling: Wall/window air conditioning units; Other heating (see remarks)
• Interior features: First-floor bedroom; First-floor full bathroom; Elevator; Entrance foyer; Formal dining area; Galley kitchen; Open floorplan; Primary bathroom; Recessed lighting; Storage; Walk-through kitchen; Walk-in closet(s); Double pane windows; Accessible approach with ramp; Adaptable for elevator; Tankless water heater; Combination flooring
• Laundry & utility: Common area laundry

What this means for you Summary

Snapshot

• This is a 1-bed/1.0-bath condo listed at $260k.

Deal economics

• At list price, monthly cash flow is $401 ($5k/yr) — positive.
• The deal already cash-flows at list — no discount required.
• Meets the 1% rule at list price ($3k rent vs $260k).
• Recommended offer: $256k (1.5% below list) — sets the bar for market timing.
• Cap rate 8.1% 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: 219 active listings in the ZIP; 19 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 34% of the median local income ($99k/yr) — at the standard rent-burdened threshold; future hikes will face affordability resistance.

Forward outlook

• In year one you build about $10k of equity ($2k loan paydown + $8k appreciation (3.3% local appreciation)).
• Queens County population projected at +16% by 2050 — long-run rental-demand tailwind backs the buy-and-hold thesis.
• At projected returns (3.3% appreciation + 3.0% rent growth), your $73k cash investment doubles in ~5 years — after that, you're playing with house money.
• By year 4, paydown + projected appreciation supports a ~$35k cash-out refi (75% LTV) — recoverable capital for the next deal without selling this one.

Negotiation context

• It's been on market 23 days — a 2% lower offer ($256k) is reasonable based on typical stale-listing flexibility.
• 8 sale attempts since 11y 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 $210k; 24% above their basis — modest negotiation headroom, anchor on the comps not their cost.

Risks & watch-outs

• Watch-outs: built in 1959 — 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 $256,100 (1.5% below list)

Questions for the listing agent

1. Built in 1959 — when were the roof, HVAC, electrical panel, plumbing, and water heater last replaced?
2. 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?
3. Is there a deadline driving the sale (1031 exchange, divorce, estate, relocation)? That informs how much negotiation room exists.
4. 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?
5. 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?
6. 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.
7. 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.
8. 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: 1.07% ✓
• Cap rate: 8.14%
• Cash-on-cash: 6.61%
• DSCR: 1.29
• GRM: 7.8

CMA / ARV

No comps found within radius.

Projected returns pro-forma

3.26% appreciation · 3.0% rent growth · sell at horizon

5-year hold

• IRR: 14.3%
• Equity multiple: 1.83×
• Total profit: $60,499
• Equity at exit: $120,725

10-year hold

• IRR: 16.0%
• Equity multiple: 3.41×
• Total profit: $175,264
• Equity at exit: $189,075

Cash invested: $72,800 (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 11360

• Home prices YoY: 1.6%
• Active inventory: 219
• Price-to-rent: 7.8×

Monthly cashflow live

• Estimated rent: $2,782 high
• Mortgage (P&I): −$1,363
• Tax est. 1.5%: −$325 /mo · $3,900/yr
• Insurance: −$108
• HOA: −$0
• Vacancy / Maint / Mgmt: −$584
• Net cashflow: $401

Break-even live

Break-even rent $2,274

Max offer price $260,000

Occupancy floor 81%

Sensitivity live

Price	-10% $581	-5% $491	+0% $401	+5% $311	+10% $221
Rent	-10% $181	-5% $291	+0% $401	+5% $511	+10% $621
Rate	-1.0pp $532	-0.5pp $467	base $401	+0.5pp $334	+1.0pp $265

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: $65,000
• Closing costs: $7,800
• Reserves months: —
• Total cash needed: —

Rent comps 19 comps

Address	Beds	Baths	Sqft	Rent	$/sqft	DOM	Units	Dist
1 Bay Club Dr Unit 21W Bayside, NY	1.0	1.0	762	$3,100	$4.07	12d	1	0.19mi
2 Bay Club Dr Bayside, NY	1.0	1.0	780	$4,000	$5.13	25d	1	0.20mi
20933 26th Ave Unit 1C Bayside, NY	1.0	1.5	800	$3,000	$3.75	25d	1	0.25mi
23-45 Corporal Kennedy St Unit 1 Flushing, NY	1.0	1.0	1000	$2,800	$2.80	25d	1	0.26mi
209-21 26th Ave Unit TB Bayside, NY	1.0	1.0	955	$2,850	$2.98	19d	1	0.27mi
1816 Bell Blvd Bayside, NY	1.0	1.0	1000	$2,500	$2.50	25d	1	0.28mi
16-66 Bell Blvd Unit 736 Bayside, NY	—	1.0	600	$2,350	$3.92	25d	1	0.29mi
1670 Bell Blvd Bayside, NY	2.0	1.0–1.5	600	$2,600	$4.33	3d	4	0.32mi
16-05 Bell Blvd Unit 1st Floor Flushing, NY	1.0	1.0	700	$2,400	$3.43	25d	1	0.36mi
1785 215th St Unit 15J Bayside, NY	1.0	1.0	620	$3,500	$5.65	25d	1	0.45mi
206-14 Emily Rd Unit 42L Bayside, NY	1.0	1.0	700	$2,700	$3.86	25d	1	0.57mi
29-04 204th St Unit 1Floor Flushing, NY	1.0	1.0	700	$2,600	$3.71	19d	1	0.68mi
1011 162nd St Whitestone, NY	1.0	1.0	880	$1,800	$2.05	19d	1	1.22mi
214-16 40th Ave Unit 3rd Floor Flushing, NY	2.0	1.0	900	$2,800	$3.11	25d	1	1.32mi
36-26 192nd St #2 Flushing, NY	2.0	1.0	875	$3,000	$3.43	8d	1	1.32mi
41-20 210th St Unit 1 Flushing, NY	1.0	1.0	1030	$2,350	$2.28	25d	1	1.33mi
40-11 214th Pl Unit 2R Bayside, NY	1.0	1.0	650	$2,800	$4.31	5d	1	1.34mi
194-20 39th Ave Unit A Flushing, NY	1.0	1.0	900	$2,250	$2.50	25d	1	1.34mi
15719 26th Ave Flushing, NY	2.0	1.0	850	$2,850	$3.35	23d	1	1.36mi

HOA detail condo

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

Listing history 24 events

1. 2026-04-23
   status Pending
2. 2026-04-01
   listed $260,000 Active
3. 2026-04-01
   historical
4. 2026-01-09
   price $260,000
5. 2025-06-09
   listed $270,000 Active
6. 2024-11-19
   status Active
7. 2024-11-19
   historical
8. 2024-08-29
   status Pending
9. 2024-06-24
   listed $270,000 Active
10. 2017-12-21
    soldstatus $210,000 Closed
11. 2017-09-26
    status Under Contract
12. 2017-08-24
    price $219,999
13. 2017-08-01
    price $237,888
14. 2017-07-26
    listed $238,000 New
15. 2017-05-28
    historical
16. 2017-01-04
    price $239,000
17. 2016-10-19
    price $199,000
18. 2016-07-13
    price $229,000
19. 2016-07-12
    listed $189,000 New
20. 2016-07-12
    historical
21. 2016-05-06
    status Under Contract
22. 2016-02-13
    listed $158,000 New
23. 2015-11-13
    historical
24. 2015-05-14
    listed $154,888

ⓘ 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 ≥98°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 6 unhealthy d/yr today · 6 by 30 yrs out

Taxation est. · year 1

• Rental income: $33,386
• − Mortgage interest: −$14,564
• − Property taxes: −$3,900
• − Insurance: −$1,300
• − Repairs & maintenance: −$2,671
• − Management: −$2,671
• − Depreciation: −$7,564
• Taxable income: $717
• Est. tax owed @ 24.0%: −$172
• After-tax cash flow: $4,642/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): 19,469
• Household income: $98,875
• Rent vs Own: 23.6% rent · 76.4% own
• Severe rent burden: 496.0

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 0.60)
• Race & ethnicity: White 54% Asian 29% Hispanic / Latino 12% Two or more races 6% Black 1%
• Hispanic origin (detail): Puerto Rican 3% Cuban 2% Dominican 2%
• Common ancestry: Romanian 4% Scotch-Irish 3% Estonian 1%
• Foreign-born: 33% · China, South Korea, Canada
• Languages at home: 58% English-only · Chinese 14% Other Indo-European 11% Korean 8%

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: ▲ 3.26%
• Current HPI: 204.1422
• 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

+67.9% since first listed

24 events — show timeline

• 2026-04-23 Pending — OneKey® MLS as Distributed by MLS Grid
• 2026-04-01 Listing Removed — OneKey® MLS as Distributed by MLS Grid
• 2026-04-01 Listed $260,000 OneKey® MLS as Distributed by MLS Grid
• 2026-01-09 Price Changed $260,000 OneKey® MLS as Distributed by MLS Grid
• 2025-06-09 Listed $270,000 OneKey® MLS as Distributed by MLS Grid
• 2024-11-19 Relisted — OneKey® MLS as Distributed by MLS Grid
• 2024-11-19 Listing Removed — OneKey® MLS as Distributed by MLS Grid
• 2024-08-29 Pending — OneKey® MLS as Distributed by MLS Grid
• 2024-06-24 Listed $270,000 OneKey® MLS as Distributed by MLS Grid
• 2017-12-21 Sold (MLS) $210,000 OneKey® MLS as Distributed by MLS Grid
• 2017-09-26 Pending — OneKey® MLS as Distributed by MLS Grid
• 2017-08-24 Price Changed $219,999 OneKey® MLS as Distributed by MLS Grid
• 2017-08-01 Price Changed $237,888 OneKey® MLS as Distributed by MLS Grid
• 2017-07-26 Listed $238,000 OneKey® MLS as Distributed by MLS Grid
• 2017-05-28 Listing Removed — OneKey® MLS as Distributed by MLS Grid
• 2017-01-04 Price Changed $239,000 OneKey® MLS as Distributed by MLS Grid
• 2016-10-19 Price Changed $199,000 OneKey® MLS as Distributed by MLS Grid
• 2016-07-13 Price Changed $229,000 OneKey® MLS as Distributed by MLS Grid
• 2016-07-12 Listed $189,000 OneKey® MLS as Distributed by MLS Grid
• 2016-07-12 Listing Removed — OneKey® MLS as Distributed by MLS Grid
• 2016-05-06 Pending — OneKey® MLS as Distributed by MLS Grid
• 2016-02-13 Listed $158,000 OneKey® MLS as Distributed by MLS Grid
• 2015-11-13 Listing Removed — OneKey® MLS as Distributed by MLS Grid
• 2015-05-14 Listed $154,888 OneKey® MLS as Distributed by MLS Grid