354 Rutland Rd · New York, NY 11225

$2,399,888

36 bd · 26.0 ba · 3,200 sqft · MultiFamily public records · 182 Days on market

Built 1951 2,000 sqft lot

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Why this score? — see what drove the D 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 +9.0/30.0
• Appreciation +8.4/10.0
• ARV discount +7.5/15.0
• Schools +5.0/10.0
• Livability +3.8/5.0
• Rent growth +3.6/5.0
• DSCR +2.5/10.0
• Condition / age +2.5/5.0
• 1% rule +1.7/10.0

Multi-family units

County records classify this as Multi-Family (2-4 Unit). Listing-text estimate: 4 units. confirmed

Listing remarks MLS

OVER $180,000 PER YEAR INCOME, TOTAL RENT FOR THE BUILDING IS $15,000 PER MONTH...... UPDATED 9 BEDROOM, 6.5 BATHS, LEGAL 4-FAMILY 3200 SQ. FT. WITH 6 APARTMENTS............ LAYOUT AND RENT: GROUND FLOOR-STUDIO AND A 1-BEDROOM APARTMENT GETTING $1,600 AND $2,000 RENT............ 1ST FLOOR-1 BEDROOM AND 2 BEDROOM APARTMENT GETTING $2,762 AND $2,700 RENT.................. 2ND FLOOR- 2 BEDROOM AND ANOTHER 2 BEDROOM APARTMENT BOTH GETTING $3,163 AND $3,421 RENT................. TOTAL RENT FOR THE BUILDING IS $15,646 PER MONTH.................. PROSPECT LEFFERTS GARDEN VICINITY, WALK TO PROSPECT PARK, SUBWAY AND BUS, SEMI-DET BRICK, FULL UNFINISHED BASEMENT. LANDLORD PAYING BASEMENT UTILITIES, HALLWAYS, AND 1ST FLOOR APARTMENTS. $160 PER MONTH ELECTRIC. $170/MONTH HEAT. $660/MONTH TAXES LAST YEAR. INSURANCE $208/MONTH INSURANCE. WATER IS $120/MONTH. SUPER $100/MONTH FOR SUPER.

Key facts

• 2 bedroom apartment
• Ground floor studio
• 1 bedroom apartment

Tags

• GROUND FLOOR STUDIO
• 1 BEDROOM APARTMENT
• 2 BEDROOM APARTMENT
• FULL UNFINISHED BASEMENT
• WALK TO PROSPECT PARK
• SUBWAY AND BUS

Property features AI

Finance

• Financial info: Reported rental income: $180,000 per year; Unit count: 4; Units currently month-to-month; Financing options: Bank mortgage, cash, or owner financing

Exterior

• Parking: Other parking (details unspecified)
• Utilities: 200 Amp electric service; Gas hot water and heating
• Home design: Semi-detached building; Residential property; R6 zoning
• Construction: Block foundation; Other construction materials; Other roof (see remarks); Building footprint approximately 1,600; Building dimensions ~80 x 20
• Exterior features: Fully fenced yard; Brick-faced exterior

Interior

• Bedrooms: Unit 1: 2 bedrooms (2nd floor); Unit 2: 2 bedrooms (1st floor); Unit 3: 1 bedroom (2nd floor); Unit 4: 3 bedrooms (2nd floor)
• Flooring: Ceramic floors; Hardwood floors
• Bathrooms: Total full baths listed: 6; One 3/4 bath
• Heating & cooling: Gas hot water; Gas heating fuel; Multiple AC units (5+)
• Interior features: Unfinished walk-in basement; Ceramic floors; Hardwood floors; More than five AC units

What this means for you Summary

Snapshot

• This is a 4 × 9.0-bed/6.5-bath units multifamily listed at $2.40M.

Deal economics

• At list price, monthly cash flow is $-2k ($-23k/yr) — negative. Per door: $-469/mo.
• To cash-flow at today's rent, offer at most $2.07M (13.8% below list).
• To meet the 1% rule (rent ≥ 1% of price), the offer needs to be $1.61M (33.0% below list).
• Recommended offer: $1.61M (33.0% below list) — sets the bar for 1% rule.
• Cap rate 5.4% 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.
• Zoned schools: Elm Tree Elementary School (math 27% / reading 52%, grade F, #1,444 of 2,108 statewide, top 71%, 806 students, 94% FRL); Jhs 383 Philippa Schuyler (math 32% / reading 67%, grade C, #280 of 729 statewide, top 40%, 822 students, 85% FRL); Midwood High School (math 94% / reading 96%, grade A+, #83 of 1,100 statewide, top 8%, 4,062 students, 73% FRL).
• Market conditions: Rents rising fast (+4.3%/yr); 76 active listings in the ZIP; solid renter incomes; 10,063 units permitted in Kings County in 2024 (9,789 in 5+ unit buildings).
• At $16,069/mo this rent would consume 218% of the median local household income ($89k/yr) (locally 5410% 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 $181k of equity ($17k loan paydown + $165k appreciation (6.9% local appreciation)).
• Kings County population projected at +13% by 2050 — modest demand growth; plan on rents tracking national, not racing it.
• By year 2, paydown + projected appreciation supports a ~$290k cash-out refi (75% LTV) — recoverable capital for the next deal without selling this one.

Negotiation context

• It's been on market 182 days — a 12% lower offer ($2.11M) is reasonable based on typical stale-listing flexibility.
• 5 sale attempts since 8y ago; this cycle's ask has dropped $200k (8%) from the opening price — seller is motivated, your offer sets the floor, not the list.
• Current owner paid $1.23M; list at $2.40M implies a 95% gain — meaningful room to come down on a strong offer.

Risks & watch-outs

• Watch-outs: built in 1951 — expect roof / HVAC / electrical / plumbing capex.
• Climate carrying-cost: major wind risk, 64% 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 $1,606,900 (33.0% below list)

Questions for the listing agent

1. What do current leases actually rent for vs. the listed asking? Can we see a recent rent roll and the last 12 months of T-12 income?
2. It's been on market 182 days. Have you received any prior offers? Is the seller open to a 33% concession, seller financing, or rate buy-down credit?
3. Can we see the unit-by-unit rent roll, current vacancy, and any below-market leases? What's the average tenancy length?
4. What capital expenditures (roof, boiler, parking lot, exteriors) have been made in the last 5 years, and what's planned in the next 2?
5. Built in 1951 — when were the roof, HVAC, electrical panel, plumbing, and water heater last replaced?
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. The area grade is low — what's the realistic commute time and amenity access for the typical tenant pool here? Any planned neighborhood developments (good or bad) we should know about?
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 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: 0.67% ✗
• Cap rate: 5.36%
• Cash-on-cash: -3.35%
• DSCR: 0.85
• GRM: 12.4

CMA / ARV

No comps found within radius.

Projected returns pro-forma

6.87% appreciation · 4.33% rent growth · sell at horizon

5-year hold

• IRR: 15.2%
• Equity multiple: 2.07×
• Total profit: $719,541
• Equity at exit: $1,641,940

10-year hold

• IRR: 15.4%
• Equity multiple: 4.32×
• Total profit: $2,228,464
• Equity at exit: $3,100,003

Cash invested: $671,969 (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 11225

• Home prices YoY: 1.6%
• Rents YoY: 4.3%
• Active inventory: 76
• Price-to-rent: 49.8×

Monthly cashflow live

• Estimated rent: $16,069 medium
• Mortgage (P&I): −$12,585
• Tax from tax record: −$984 /mo · $11,813/yr
• Insurance: −$1,000
• HOA: −$0
• Vacancy / Maint / Mgmt: −$3,374
• Net cashflow: $-1,875

Break-even live

Break-even rent $18,443

Max offer price $2,068,641

Occupancy floor —

Sensitivity live

Price	-10% $-517	-5% $-1,196	+0% $-1,875	+5% $-2,554	+10% $-3,234
Rent	-10% $-3,145	-5% $-2,510	+0% $-1,875	+5% $-1,240	+10% $-606
Rate	-1.0pp $-667	-0.5pp $-1,265	base $-1,875	+0.5pp $-2,497	+1.0pp $-3,130

4-unit breakdown (identical units grouped — click to expand)

Units	Beds	Baths	Est. rent
▸ 4× units	9.0	6.5	$16,068
Total (4 units)			$16,069

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: $599,972
• Closing costs: $71,997
• Reserves months: —
• Total cash needed: —

Listing history 33 events

1. 2026-06-17
   days on market $2,399,888 Active 182 DOM
2. 2026-06-15
   days on market $2,399,888 Active 180 DOM
3. 2026-06-13
   days on market $2,399,888 Active 178 DOM
4. 2026-06-10
   days on market $2,399,888 Active 174 DOM
5. 2026-06-08
   days on market $2,399,888 Active 173 DOM
6. 2026-06-04
   days on market $2,399,888 Active 169 DOM
7. 2026-06-03
   days on market $2,399,888 Active 168 DOM
8. 2026-06-01
   days on market $2,399,888 Active 166 DOM
9. 2026-05-31
   days on market $2,399,888 Active 165 DOM
10. 2026-02-18
    price $2,399,888
11. 2026-02-17
    price $2,399,888 884-char remark

    Show marketing remark (884 chars)

    OVER $180,000 PER YEAR INCOME, TOTAL RENT FOR THE BUILDING IS $15,000 PER MONTH...... UPDATED 9 BEDROOM, 6.5 BATHS, LEGAL 4-FAMILY 3200 SQ. FT. WITH 6 APARTMENTS............ LAYOUT AND RENT: GROUND FLOOR-STUDIO AND A 1-BEDROOM APARTMENT GETTING $1,600 AND $2,000 RENT............ 1ST FLOOR-1 BEDROOM AND 2 BEDROOM APARTMENT GETTING $2,762 AND $2,700 RENT.................. 2ND FLOOR- 2 BEDROOM AND ANOTHER 2 BEDROOM APARTMENT BOTH GETTING $3,163 AND $3,421 RENT................. TOTAL RENT FOR THE BUILDING IS $15,646 PER MONTH.................. PROSPECT LEFFERTS GARDEN VICINITY, WALK TO PROSPECT PARK, SUBWAY AND BUS, SEMI-DET BRICK, FULL UNFINISHED BASEMENT. LANDLORD PAYING BASEMENT UTILITIES, HALLWAYS, AND 1ST FLOOR APARTMENTS. $160 PER MONTH ELECTRIC. $170/MONTH HEAT. $660/MONTH TAXES LAST YEAR. INSURANCE $208/MONTH INSURANCE. WATER IS $120/MONTH. SUPER $100/MONTH FOR SUPER.

12. 2026-01-04
    price $2,450,888

    Show marketing remark (884 chars)

    OVER $180,000 PER YEAR INCOME, TOTAL RENT FOR THE BUILDING IS $15,000 PER MONTH...... UPDATED 9 BEDROOM, 6.5 BATHS, LEGAL 4-FAMILY 3200 SQ. FT. WITH 6 APARTMENTS............ LAYOUT AND RENT: GROUND FLOOR-STUDIO AND A 1-BEDROOM APARTMENT GETTING $1,600 AND $2,000 RENT............ 1ST FLOOR-1 BEDROOM AND 2 BEDROOM APARTMENT GETTING $2,762 AND $2,700 RENT.................. 2ND FLOOR- 2 BEDROOM AND ANOTHER 2 BEDROOM APARTMENT BOTH GETTING $3,163 AND $3,421 RENT................. TOTAL RENT FOR THE BUILDING IS $15,646 PER MONTH.................. PROSPECT LEFFERTS GARDEN VICINITY, WALK TO PROSPECT PARK, SUBWAY AND BUS, SEMI-DET BRICK, FULL UNFINISHED BASEMENT. LANDLORD PAYING BASEMENT UTILITIES, HALLWAYS, AND 1ST FLOOR APARTMENTS. $160 PER MONTH ELECTRIC. $170/MONTH HEAT. $660/MONTH TAXES LAST YEAR. INSURANCE $208/MONTH INSURANCE. WATER IS $120/MONTH. SUPER $100/MONTH FOR SUPER.

13. 2026-01-04
    price $2,450,888 884-char remark

    Show marketing remark (884 chars)

    OVER $180,000 PER YEAR INCOME, TOTAL RENT FOR THE BUILDING IS $15,000 PER MONTH...... UPDATED 9 BEDROOM, 6.5 BATHS, LEGAL 4-FAMILY 3200 SQ. FT. WITH 6 APARTMENTS............ LAYOUT AND RENT: GROUND FLOOR-STUDIO AND A 1-BEDROOM APARTMENT GETTING $1,600 AND $2,000 RENT............ 1ST FLOOR-1 BEDROOM AND 2 BEDROOM APARTMENT GETTING $2,762 AND $2,700 RENT.................. 2ND FLOOR- 2 BEDROOM AND ANOTHER 2 BEDROOM APARTMENT BOTH GETTING $3,163 AND $3,421 RENT................. TOTAL RENT FOR THE BUILDING IS $15,646 PER MONTH.................. PROSPECT LEFFERTS GARDEN VICINITY, WALK TO PROSPECT PARK, SUBWAY AND BUS, SEMI-DET BRICK, FULL UNFINISHED BASEMENT. LANDLORD PAYING BASEMENT UTILITIES, HALLWAYS, AND 1ST FLOOR APARTMENTS. $160 PER MONTH ELECTRIC. $170/MONTH HEAT. $660/MONTH TAXES LAST YEAR. INSURANCE $208/MONTH INSURANCE. WATER IS $120/MONTH. SUPER $100/MONTH FOR SUPER.

14. 2026-01-03
    price $2,299,888

    Show marketing remark (884 chars)

    OVER $180,000 PER YEAR INCOME, TOTAL RENT FOR THE BUILDING IS $15,000 PER MONTH...... UPDATED 9 BEDROOM, 6.5 BATHS, LEGAL 4-FAMILY 3200 SQ. FT. WITH 6 APARTMENTS............ LAYOUT AND RENT: GROUND FLOOR-STUDIO AND A 1-BEDROOM APARTMENT GETTING $1,600 AND $2,000 RENT............ 1ST FLOOR-1 BEDROOM AND 2 BEDROOM APARTMENT GETTING $2,762 AND $2,700 RENT.................. 2ND FLOOR- 2 BEDROOM AND ANOTHER 2 BEDROOM APARTMENT BOTH GETTING $3,163 AND $3,421 RENT................. TOTAL RENT FOR THE BUILDING IS $15,646 PER MONTH.................. PROSPECT LEFFERTS GARDEN VICINITY, WALK TO PROSPECT PARK, SUBWAY AND BUS, SEMI-DET BRICK, FULL UNFINISHED BASEMENT. LANDLORD PAYING BASEMENT UTILITIES, HALLWAYS, AND 1ST FLOOR APARTMENTS. $160 PER MONTH ELECTRIC. $170/MONTH HEAT. $660/MONTH TAXES LAST YEAR. INSURANCE $208/MONTH INSURANCE. WATER IS $120/MONTH. SUPER $100/MONTH FOR SUPER.

15. 2026-01-03
    price $2,299,888 884-char remark

    Show marketing remark (884 chars)

    OVER $180,000 PER YEAR INCOME, TOTAL RENT FOR THE BUILDING IS $15,000 PER MONTH...... UPDATED 9 BEDROOM, 6.5 BATHS, LEGAL 4-FAMILY 3200 SQ. FT. WITH 6 APARTMENTS............ LAYOUT AND RENT: GROUND FLOOR-STUDIO AND A 1-BEDROOM APARTMENT GETTING $1,600 AND $2,000 RENT............ 1ST FLOOR-1 BEDROOM AND 2 BEDROOM APARTMENT GETTING $2,762 AND $2,700 RENT.................. 2ND FLOOR- 2 BEDROOM AND ANOTHER 2 BEDROOM APARTMENT BOTH GETTING $3,163 AND $3,421 RENT................. TOTAL RENT FOR THE BUILDING IS $15,646 PER MONTH.................. PROSPECT LEFFERTS GARDEN VICINITY, WALK TO PROSPECT PARK, SUBWAY AND BUS, SEMI-DET BRICK, FULL UNFINISHED BASEMENT. LANDLORD PAYING BASEMENT UTILITIES, HALLWAYS, AND 1ST FLOOR APARTMENTS. $160 PER MONTH ELECTRIC. $170/MONTH HEAT. $660/MONTH TAXES LAST YEAR. INSURANCE $208/MONTH INSURANCE. WATER IS $120/MONTH. SUPER $100/MONTH FOR SUPER.

16. 2025-12-18
    price $2,499,888 884-char remark

    Show marketing remark (884 chars)

    OVER $180,000 PER YEAR INCOME, TOTAL RENT FOR THE BUILDING IS $15,000 PER MONTH...... UPDATED 9 BEDROOM, 6.5 BATHS, LEGAL 4-FAMILY 3200 SQ. FT. WITH 6 APARTMENTS............ LAYOUT AND RENT: GROUND FLOOR-STUDIO AND A 1-BEDROOM APARTMENT GETTING $1,600 AND $2,000 RENT............ 1ST FLOOR-1 BEDROOM AND 2 BEDROOM APARTMENT GETTING $2,762 AND $2,700 RENT.................. 2ND FLOOR- 2 BEDROOM AND ANOTHER 2 BEDROOM APARTMENT BOTH GETTING $3,163 AND $3,421 RENT................. TOTAL RENT FOR THE BUILDING IS $15,646 PER MONTH.................. PROSPECT LEFFERTS GARDEN VICINITY, WALK TO PROSPECT PARK, SUBWAY AND BUS, SEMI-DET BRICK, FULL UNFINISHED BASEMENT. LANDLORD PAYING BASEMENT UTILITIES, HALLWAYS, AND 1ST FLOOR APARTMENTS. $160 PER MONTH ELECTRIC. $170/MONTH HEAT. $660/MONTH TAXES LAST YEAR. INSURANCE $208/MONTH INSURANCE. WATER IS $120/MONTH. SUPER $100/MONTH FOR SUPER.

17. 2025-12-18
    price $2,499,888

    Show marketing remark (884 chars)

    OVER $180,000 PER YEAR INCOME, TOTAL RENT FOR THE BUILDING IS $15,000 PER MONTH...... UPDATED 9 BEDROOM, 6.5 BATHS, LEGAL 4-FAMILY 3200 SQ. FT. WITH 6 APARTMENTS............ LAYOUT AND RENT: GROUND FLOOR-STUDIO AND A 1-BEDROOM APARTMENT GETTING $1,600 AND $2,000 RENT............ 1ST FLOOR-1 BEDROOM AND 2 BEDROOM APARTMENT GETTING $2,762 AND $2,700 RENT.................. 2ND FLOOR- 2 BEDROOM AND ANOTHER 2 BEDROOM APARTMENT BOTH GETTING $3,163 AND $3,421 RENT................. TOTAL RENT FOR THE BUILDING IS $15,646 PER MONTH.................. PROSPECT LEFFERTS GARDEN VICINITY, WALK TO PROSPECT PARK, SUBWAY AND BUS, SEMI-DET BRICK, FULL UNFINISHED BASEMENT. LANDLORD PAYING BASEMENT UTILITIES, HALLWAYS, AND 1ST FLOOR APARTMENTS. $160 PER MONTH ELECTRIC. $170/MONTH HEAT. $660/MONTH TAXES LAST YEAR. INSURANCE $208/MONTH INSURANCE. WATER IS $120/MONTH. SUPER $100/MONTH FOR SUPER.

18. 2025-12-17
    listed $2,599,888 Active

    Show marketing remark (884 chars)

    OVER $180,000 PER YEAR INCOME, TOTAL RENT FOR THE BUILDING IS $15,000 PER MONTH...... UPDATED 9 BEDROOM, 6.5 BATHS, LEGAL 4-FAMILY 3200 SQ. FT. WITH 6 APARTMENTS............ LAYOUT AND RENT: GROUND FLOOR-STUDIO AND A 1-BEDROOM APARTMENT GETTING $1,600 AND $2,000 RENT............ 1ST FLOOR-1 BEDROOM AND 2 BEDROOM APARTMENT GETTING $2,762 AND $2,700 RENT.................. 2ND FLOOR- 2 BEDROOM AND ANOTHER 2 BEDROOM APARTMENT BOTH GETTING $3,163 AND $3,421 RENT................. TOTAL RENT FOR THE BUILDING IS $15,646 PER MONTH.................. PROSPECT LEFFERTS GARDEN VICINITY, WALK TO PROSPECT PARK, SUBWAY AND BUS, SEMI-DET BRICK, FULL UNFINISHED BASEMENT. LANDLORD PAYING BASEMENT UTILITIES, HALLWAYS, AND 1ST FLOOR APARTMENTS. $160 PER MONTH ELECTRIC. $170/MONTH HEAT. $660/MONTH TAXES LAST YEAR. INSURANCE $208/MONTH INSURANCE. WATER IS $120/MONTH. SUPER $100/MONTH FOR SUPER.

19. 2025-12-17
    listed $2,599,888 Active 884-char remark

    Show marketing remark (884 chars)

    OVER $180,000 PER YEAR INCOME, TOTAL RENT FOR THE BUILDING IS $15,000 PER MONTH...... UPDATED 9 BEDROOM, 6.5 BATHS, LEGAL 4-FAMILY 3200 SQ. FT. WITH 6 APARTMENTS............ LAYOUT AND RENT: GROUND FLOOR-STUDIO AND A 1-BEDROOM APARTMENT GETTING $1,600 AND $2,000 RENT............ 1ST FLOOR-1 BEDROOM AND 2 BEDROOM APARTMENT GETTING $2,762 AND $2,700 RENT.................. 2ND FLOOR- 2 BEDROOM AND ANOTHER 2 BEDROOM APARTMENT BOTH GETTING $3,163 AND $3,421 RENT................. TOTAL RENT FOR THE BUILDING IS $15,646 PER MONTH.................. PROSPECT LEFFERTS GARDEN VICINITY, WALK TO PROSPECT PARK, SUBWAY AND BUS, SEMI-DET BRICK, FULL UNFINISHED BASEMENT. LANDLORD PAYING BASEMENT UTILITIES, HALLWAYS, AND 1ST FLOOR APARTMENTS. $160 PER MONTH ELECTRIC. $170/MONTH HEAT. $660/MONTH TAXES LAST YEAR. INSURANCE $208/MONTH INSURANCE. WATER IS $120/MONTH. SUPER $100/MONTH FOR SUPER.

20. 2022-11-20
    price $89,900
21. 2022-08-06
    price $2,300
22. 2020-08-26
    price $2,450,000
23. 2020-08-21
    price $2,450,000
24. 2020-07-20
    listed $2,450,000
25. 2020-07-20
    listed $2,550,000 Active
26. 2020-04-15
    soldstatus $1,230,000 Sold
27. 2019-05-17
    soldstatus $1,230,000
28. 2019-02-04
    historical
29. 2018-12-18
    price $1,250,000
30. 2018-12-18
    price $12,500,000
31. 2018-12-17
    price $125,050
32. 2018-10-02
    listed $1,275,000 Active
33. 2005-12-29
    soldstatus $500,000

ⓘ 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: $11,813 · $984/mo
• Projected year-2 tax: $26,185 · $2,182/mo
• Expected delta: +$14,373/yr (+$1,198/mo · 121.7%)

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

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 64% chance of damaging wind over 30 yrs
• 🫁 Air quality 5/10 Major 6 unhealthy d/yr today · 8 by 30 yrs out

Taxation est. · year 1

• Rental income: $192,828
• − Mortgage interest: −$134,431
• − Property taxes: −$11,813
• − Insurance: −$11,999
• − Repairs & maintenance: −$15,426
• − Management: −$15,426
• − Depreciation: −$69,815
• Taxable loss: −$66,083
• Est. tax savings @ 24.0%: +$15,860
• After-tax cash flow: $-6,642/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: Kings County · 2,614,986 people
• City population: 7,731,280
• Metro: New York-Newark-Jersey City, NY-NJ-PA
• Population (ZIP): 58,158
• Household income: $88,568
• Rent vs Own: 80.3% rent · 19.7% own
• Severe rent burden: 5410.0

Population outlook (Kings County) Hauer SSP2

• Today (2025): 2,847,441 people
• By 2030: 2,937,006 · +3.1%
• By 2040: 3,095,491 · +8.7%
• By 2050: 3,228,968 · +13.4%
• By 2075: 3,321,723 · +16.7%
• By 2100: 3,111,387 · +9.3%

Race, ethnicity, and origin ACS 2023

• Neighborhood character: Diverse neighborhood (Simpson 0.63)
• Race & ethnicity: Black 53% White 27% Hispanic / Latino 10% Two or more races 9% Asian 3%
• Hispanic origin (detail): Puerto Rican 2% Dominican 2%
• Common ancestry: Hispanic 5% Romanian 2% Italian 2%
• Foreign-born: 32% · Canada, Jamaica, Mexico
• Languages at home: 76% English-only · Spanish 8% French/Haitian/Cajun 7% German/W. Germanic 3%

Political lean MEDSL · Kings

• 2024 margin: Solid D (+44.0) · D 72.0% · R 28.0%
• 2008→2024 swing: -15.5pp toward R · 2008: 59.4pp · 2024: 44.0pp
• All cycles: 2024: D+44.0 2020: D+54.8 2016: D+61.8 2012: D+63.9 2008: D+59.4

Not yet ingested

• Civics: —

Market trends

• HPI YoY: ▲ 6.87%
• Current HPI: 446.6541
• Rent YoY: ▲ 4.33%
• 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

+380.0% since first listed

24 events — show timeline

• 2026-02-18 Price Changed $2,399,888 BNYMLS
• 2026-02-17 Price Changed $2,399,888 OneKey® MLS as Distributed by MLS Grid
• 2026-01-04 Price Changed $2,450,888 BNYMLS
• 2026-01-04 Price Changed $2,450,888 OneKey® MLS as Distributed by MLS Grid
• 2026-01-03 Price Changed $2,299,888 BNYMLS
• 2026-01-03 Price Changed $2,299,888 OneKey® MLS as Distributed by MLS Grid
• 2025-12-18 Price Changed $2,499,888 OneKey® MLS as Distributed by MLS Grid
• 2025-12-18 Price Changed $2,499,888 BNYMLS
• 2025-12-17 Listed $2,599,888 OneKey® MLS as Distributed by MLS Grid
• 2025-12-17 Listed $2,599,888 BNYMLS
• 2022-11-20 Price Changed $89,900 RLS at REBNY
• 2022-08-06 Price Changed $2,300 RENT.
• 2020-08-26 Price Changed $2,450,000 RLS at REBNY
• 2020-08-21 Price Changed $2,450,000 RLS at REBNY
• 2020-07-20 Listed $2,550,000 RLS at REBNY
• 2020-07-20 Listed $2,450,000 RLS at REBNY
• 2020-04-15 Sold (MLS) $1,230,000 BNYMLS
• 2019-05-17 Sold (Public Records) $1,230,000 Public Records
• 2019-02-04 Delisted — BNYMLS
• 2018-12-18 Price Changed $1,250,000 BNYMLS
• 2018-12-18 Price Changed $12,500,000 BNYMLS
• 2018-12-17 Price Changed $125,050 BNYMLS
• 2018-10-02 Listed $1,275,000 BNYMLS
• 2005-12-29 Sold (Public Records) $500,000 Public Records

Property tax history

+4.9%/yr

Latest (2025): $11,813 · -1.0% YoY. Source: county tax records.