1475 Thieriot Ave Unit 5J · New York, NY 10460

$142,000

1 bd · 1.0 ba · 750 sqft · Condo · 245 Days on market

Built 1965

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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 +22.4/30.0
• 1% rule +10.0/10.0
• Appreciation +8.7/10.0
• ARV discount +7.5/15.0
• DSCR +7.2/10.0
• 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

Beautiful large one bedroom co-op. Features five closets, hardwood floors throughout and eat in kitchen. Unit is in move in condition. Convenient to all amenities, 30 minutes to Midtown Manhattan by express number 6 train, Parkchester stop. Two blocks to train station, Starbucks, Macys ect. Maintenance includes electric, gas, taxes. heat, hot water, ect. Will not last long! Additional Information: HeatingFuel:Oil Below Ground,

Key facts

• Garage
• Built 1965
• Listed 244 days

Property features AI

Finance

• HOA & community: Additional annual fee of $200 for air-conditioning (per air conditioner)

Exterior

• Parking: Assigned parking (waitlist); 1 parking space; 1-car garage; Parking fee of $150
• Utilities: Public sewer; Electricity available
• Home design: Stock cooperative; 6 total stories
• Construction: Brick construction
• Exterior features: Brick construction; Not waterfront

Interior

• Kitchen: Microwave; Range; Refrigerator
• Bedrooms: 3 rooms total
• Flooring: Hardwood floors
• Bathrooms: 1 full bathroom
• Heating & cooling: Baseboard heating; Wall/window air conditioning unit(s)
• Interior features: Eat-in kitchen; Accessible approach with ramp; Outdoor space; Basement (see remarks); Basement present

What this means for you Summary

Snapshot

• This is a 1-bed/1.0-bath condo listed at $142k.

Deal economics

• At list price, monthly cash flow is $236 ($3k/yr) — positive.
• The deal already cash-flows at list — no discount required.
• Meets the 1% rule at list price ($3k rent vs $142k).
• Recommended offer: $125k (12.0% below list) — sets the bar for market timing.
• Cap rate 8.3% 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 $2,742/mo this rent would consume 91% 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 $12k of equity ($982 loan paydown + $11k 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 $40k cash investment doubles in ~3 years — after that, you're playing with house money.
• By year 4, paydown + projected appreciation supports a ~$40k cash-out refi (75% LTV) — recoverable capital for the next deal without selling this one.

Negotiation context

• It's been on market 245 days — a 12% lower offer ($125k) 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 $110k; 29% above their basis — modest negotiation headroom, anchor on the comps not their cost.

Risks & watch-outs

• Watch-outs: HOA is 35% of rent.
• Climate carrying-cost: major wind risk, 27% chance of damaging wind over 30y; extreme-heat days projected 7→14/yr by 2055 (HVAC capex compounding) — expect insurance premiums to compound above CPI over the hold.

Recommended offer $124,960 (12.0% below list)

Questions for the listing agent

1. It's been on market 245 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 1965 — when were the roof, HVAC, electrical panel, plumbing, and water heater last replaced?
3. What does the HOA fee cover, when was the last increase, and are there any pending special assessments or reserve-fund shortfalls?
4. 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?
5. Why hasn't it sold? Are there any deal-killer items the seller is aware of (foundation, flood, title, zoning, code violations)?
6. Is there a deadline driving the sale (1031 exchange, divorce, estate, relocation)? That informs how much negotiation room exists.
7. 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?
8. 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?
9. 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.
10. 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.
11. 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: 1.93% ✓
• Cap rate: 8.28%
• Cash-on-cash: 7.11%
• DSCR: 1.32
• GRM: 4.3

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: 24.5%
• Equity multiple: 2.74×
• Total profit: $69,293
• Equity at exit: $102,745

10-year hold

• IRR: 22.6%
• Equity multiple: 5.81×
• Total profit: $191,163
• Equity at exit: $199,235

Cash invested: $39,760 (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: 4.3×

Monthly cashflow live

• Estimated rent: $2,742 medium
• Mortgage (P&I): −$745
• Tax est. 1.5%: −$178 /mo · $2,130/yr
• Insurance: −$59
• HOA est. from 1 same-building comp: −$949
• Vacancy / Maint / Mgmt: −$576
• Net cashflow: $236

Break-even live

Break-even rent $2,443

Max offer price $142,000

Occupancy floor 86%

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: $35,500
• Closing costs: $4,260
• Reserves months: —
• Total cash needed: —

HOA detail condo

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

Listing history 21 events

1. 2026-06-18
   days on market $142,000 Active 245 DOM
2. 2026-06-17
   days on market $142,000 Active 244 DOM
3. 2026-06-15
   days on market $142,000 Active 242 DOM
4. 2026-06-13
   days on market $142,000 Active 240 DOM
5. 2026-06-10
   days on market $142,000 Active 236 DOM
6. 2026-06-08
   days on market $142,000 Active 235 DOM
7. 2026-06-03
   days on market $142,000 Active 230 DOM
8. 2026-06-01
   days on market $142,000 Active 228 DOM
9. 2026-05-31
   days on market $142,000 Active 227 DOM
10. 2026-02-24
    status Active
11. 2026-02-24
    price $142,000
12. 2025-07-20
    status Pending
13. 2025-06-03
    price $129,000
14. 2025-04-05
    price $138,000
15. 2025-03-13
    listed $144,000 Active
16. 2025-03-11
    historical $144,000
17. 2025-03-09
    historical
18. 2024-10-18
    listed $150,000 Active
19. 2018-10-18
    soldstatus $110,000 Sold 433-char remark

    Show marketing remark (433 chars)

    Beautiful large one bedroom co-op. Features five closets, hardwood floors throughout and eat in kitchen. Unit is in move in condition. Convenient to all amenities, 30 minutes to Midtown Manhattan by express number 6 train, Parkchester stop. Two blocks to train station, Starbucks, Macys ect. Maintenance includes electric, gas, taxes. heat, hot water, ect. Will not last long! Additional Information: HeatingFuel:Oil Below Ground,

20. 2018-09-06
    historical Pending 433-char remark

    Show marketing remark (433 chars)

    Beautiful large one bedroom co-op. Features five closets, hardwood floors throughout and eat in kitchen. Unit is in move in condition. Convenient to all amenities, 30 minutes to Midtown Manhattan by express number 6 train, Parkchester stop. Two blocks to train station, Starbucks, Macys ect. Maintenance includes electric, gas, taxes. heat, hot water, ect. Will not last long! Additional Information: HeatingFuel:Oil Below Ground,

21. 2018-08-20
    listed $140,000 Active 433-char remark

    Show marketing remark (433 chars)

    Beautiful large one bedroom co-op. Features five closets, hardwood floors throughout and eat in kitchen. Unit is in move in condition. Convenient to all amenities, 30 minutes to Midtown Manhattan by express number 6 train, Parkchester stop. Two blocks to train station, Starbucks, Macys ect. Maintenance includes electric, gas, taxes. heat, hot water, ect. Will not last long! Additional Information: HeatingFuel:Oil Below Ground,

ⓘ 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 · 14 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: $32,899
• − Mortgage interest: −$7,954
• − Property taxes: −$2,130
• − Insurance: −$710
• − Repairs & maintenance: −$2,632
• − Management: −$2,632
• − HOA: −$11,388
• − Depreciation: −$4,131
• Taxable income: $1,322
• Est. tax owed @ 24.0%: −$317
• After-tax cash flow: $2,509/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

+1.4% since first listed

12 events — show timeline

• 2026-02-24 Relisted — OneKey® MLS as Distributed by MLS Grid
• 2026-02-24 Price Changed $142,000 OneKey® MLS as Distributed by MLS Grid
• 2025-07-20 Pending — OneKey® MLS as Distributed by MLS Grid
• 2025-06-03 Price Changed $129,000 OneKey® MLS as Distributed by MLS Grid
• 2025-04-05 Price Changed $138,000 OneKey® MLS as Distributed by MLS Grid
• 2025-03-13 Listed $144,000 OneKey® MLS as Distributed by MLS Grid
• 2025-03-11 Coming Soon $144,000 OneKey® MLS as Distributed by MLS Grid
• 2025-03-09 Listing Removed — OneKey® MLS as Distributed by MLS Grid
• 2024-10-18 Listed $150,000 OneKey® MLS as Distributed by MLS Grid
• 2018-10-18 Sold (MLS) $110,000 OneKey® MLS as Distributed by MLS Grid
• 2018-09-06 Contingent — OneKey® MLS as Distributed by MLS Grid
• 2018-08-20 Listed $140,000 OneKey® MLS as Distributed by MLS Grid