11327 207th St · New York, NY 11429

$799,000

8 bd · 3.0 ba · 1,774 sqft · MultiFamily public records · 10 Days on market

Built 1935 3,000 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 +14.2/30.0
• ARV discount +7.5/15.0
• Schools +5.0/10.0
• DSCR +4.3/10.0
• Livability +3.8/5.0
• 1% rule +3.2/10.0
• Rent growth +2.5/5.0
• Condition / age +2.5/5.0
• Appreciation +0.0/10.0

Multi-family units

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

Listing remarks MLS

4 Year Old Renovated Two Family Home . This Home Features A Loft Style Unit On The Second/Third Floor (Needs A Coat Of Paint), Stainless Steel Appliances, Hw Floors, Large Bath With His/Her Sinks, Lots Of Closet Space, First Floor Features A Large Kit With Dining Area, Lr, Bath And Two Bedrooms. Move Right In. Basement Needs Minimal Work

Key facts

• Private driveway
• Legal 2 family
• Finished basement

Tags

• LEGAL 2 FAMILY
• PRIVATE DRIVEWAY
• FINISHED BASEMENT

Property features AI

Exterior

• Parking: Driveway
• Utilities: Public sewer; Other utilities: see remarks
• Home design: Duplex
• Construction: Stucco construction
• Exterior features: Stucco exterior; Not waterfront; No additional parcels

Interior

• Bedrooms: One 3-bedroom unit (3-bedroom count noted)
• Bathrooms: Three full bathrooms
• Heating & cooling: Baseboard heating; Wall/window air conditioning units
• Interior features: First-floor bedroom; First-floor full bathroom; Finished full basement with walk-out access

What this means for you Summary

Snapshot

• This is a 2 × 4-bed/1.5-bath units multifamily listed at $799k.

Deal economics

• At list price, monthly cash flow is $136 ($2k/yr) — positive. Per door: $68/mo.
• The deal already cash-flows at list — no discount required.
• To meet the 1% rule (rent ≥ 1% of price), the offer needs to be $659k (17.5% below list).
• Recommended offer: $659k (17.5% below list) — sets the bar for 1% rule.
• Cap rate 6.5% 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.
• Zoned schools: Elm Tree Elementary School (math 27% / reading 52%, grade F, #1,444 of 2,108 statewide, top 71%, 806 students, 94% FRL); Is 227 Louis Armstrong (math 52% / reading 69%, grade B+, #153 of 729 statewide, top 21%, 1,528 students, 68% FRL); Midwood High School (math 94% / reading 96%, grade A+, #83 of 1,100 statewide, top 8%, 4,062 students, 73% FRL).
• Market conditions: 101 active listings in the ZIP; 1 comparable units currently listed for rent nearby; 5,302 units permitted in Queens County in 2024 (4,918 in 5+ unit buildings).

Forward outlook

• Local home prices are declining (-3.0%/yr); year-one equity from $6k of loan paydown is wiped out by about $24k of value loss. Plan a longer hold.
• Queens County population projected at +16% by 2050 — long-run rental-demand tailwind backs the buy-and-hold thesis.

Negotiation context

• Only 10 days on market — expect competitive offers; lowballing is unlikely to land.
• 5 sale attempts since 19y 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 $481k; list at $799k implies a 66% gain — meaningful room to come down on a strong offer.

Risks & watch-outs

• Watch-outs: built in 1935 — expect roof / HVAC / electrical / plumbing capex.
• Climate carrying-cost: major wind risk, 54% chance of damaging wind over 30y; extreme-heat days projected 7→16/yr by 2055 (HVAC capex compounding) — expect insurance premiums to compound above CPI over the hold.

Recommended offer $659,100 (17.5% below list)

Questions for the listing agent

1. Can we see the unit-by-unit rent roll, current vacancy, and any below-market leases? What's the average tenancy length?
2. What capital expenditures (roof, boiler, parking lot, exteriors) have been made in the last 5 years, and what's planned in the next 2?
3. Built in 1935 — when were the roof, HVAC, electrical panel, plumbing, and water heater last replaced?
4. Is there a deadline driving the sale (1031 exchange, divorce, estate, relocation)? That informs how much negotiation room exists.
5. 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?
6. 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?
7. 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?
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: 0.82% ✗
• Cap rate: 6.50%
• Cash-on-cash: 0.73%
• DSCR: 1.03
• GRM: 10.1

CMA / ARV

No comps found within radius.

Projected returns pro-forma

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

5-year hold

• IRR: -15.2%
• Equity multiple: 0.46×
• Total profit: $-120,978
• Equity at exit: $119,133

10-year hold

• IRR: -6.6%
• Equity multiple: 0.58×
• Total profit: $-94,900
• Equity at exit: $69,083

Cash invested: $223,720 (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 11429

• Active inventory: 101
• Price-to-rent: 20.2×

Monthly cashflow live

• Estimated rent: $6,591 high
• Mortgage (P&I): −$4,190
• Tax from tax record: −$548 /mo · $6,573/yr
• Insurance: −$333
• HOA: −$0
• Vacancy / Maint / Mgmt: −$1,384
• Net cashflow: $136

Break-even live

Break-even rent $6,419

Max offer price $799,000

Occupancy floor 93%

Sensitivity live

Price	-10% $588	-5% $362	+0% $136	+5% $-90	+10% $-316
Rent	-10% $-385	-5% $-124	+0% $136	+5% $397	+10% $657
Rate	-1.0pp $539	-0.5pp $339	base $136	+0.5pp $-71	+1.0pp $-282

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

Units	Beds	Baths	Est. rent
▸ 2× units	4	1.5	$6,592
Total (2 units)			$6,591

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: $199,750
• Closing costs: $23,970
• Reserves months: —
• Total cash needed: —

Rent comps 1 comps

Address	Beds	Baths	Sqft	Rent	$/sqft	DOM	Units	Dist
10854 217th Pl Queens Village, NY	9.0	2.0	1521	$800	$0.53	26d	1	0.64mi

Listing history 14 events

1. 2026-05-27
   status Pending
2. 2026-05-17
   status Active
3. 2026-04-14
   listed $799,000 Active
4. 2014-09-30
   soldstatus $481,000
5. 2014-09-10
   soldstatus $460,000 Closed 339-char remark

   Show marketing remark (440 chars)

   4 Year Old Renovated Two Family Home . This Home Features A Loft Style Unit On The Second/Third Floor (Needs A Coat Of Paint), Stainless Steel Appliances, Hw Floors, Large Bath With His/Her Sinks, Lots Of Closet Space, First Floor Features A Large Kit With Dining Area, Lr, Bath And Two Bedrooms. Move Right In. Basement Needs Minimal Work, Additional information: Appearance:Excellent,Interior Features:Lr/Dr,Separate Hotwater Heater:Yes

6. 2014-09-10
   soldstatus $460,000 440-char remark

   Show marketing remark (440 chars)

   4 Year Old Renovated Two Family Home . This Home Features A Loft Style Unit On The Second/Third Floor (Needs A Coat Of Paint), Stainless Steel Appliances, Hw Floors, Large Bath With His/Her Sinks, Lots Of Closet Space, First Floor Features A Large Kit With Dining Area, Lr, Bath And Two Bedrooms. Move Right In. Basement Needs Minimal Work, Additional information: Appearance:Excellent,Interior Features:Lr/Dr,Separate Hotwater Heater:Yes

7. 2014-08-25
   status Under Contract 339-char remark

   Show marketing remark (339 chars)

   4 Year Old Renovated Two Family Home . This Home Features A Loft Style Unit On The Second/Third Floor (Needs A Coat Of Paint), Stainless Steel Appliances, Hw Floors, Large Bath With His/Her Sinks, Lots Of Closet Space, First Floor Features A Large Kit With Dining Area, Lr, Bath And Two Bedrooms. Move Right In. Basement Needs Minimal Work

8. 2014-04-11
   listed $475,000 New 339-char remark

   Show marketing remark (440 chars)

   4 Year Old Renovated Two Family Home . This Home Features A Loft Style Unit On The Second/Third Floor (Needs A Coat Of Paint), Stainless Steel Appliances, Hw Floors, Large Bath With His/Her Sinks, Lots Of Closet Space, First Floor Features A Large Kit With Dining Area, Lr, Bath And Two Bedrooms. Move Right In. Basement Needs Minimal Work, Additional information: Appearance:Excellent,Interior Features:Lr/Dr,Separate Hotwater Heater:Yes

9. 2014-04-11
   listed $475,000 440-char remark

   Show marketing remark (440 chars)

   4 Year Old Renovated Two Family Home . This Home Features A Loft Style Unit On The Second/Third Floor (Needs A Coat Of Paint), Stainless Steel Appliances, Hw Floors, Large Bath With His/Her Sinks, Lots Of Closet Space, First Floor Features A Large Kit With Dining Area, Lr, Bath And Two Bedrooms. Move Right In. Basement Needs Minimal Work, Additional information: Appearance:Excellent,Interior Features:Lr/Dr,Separate Hotwater Heater:Yes

10. 2009-07-17
    soldstatus $224,900
11. 2007-08-14
    soldstatus $540,000
12. 2007-03-28
    historical
13. 2007-03-06
    listed $549,000
14. 1992-03-18
    soldstatus $147,000

ⓘ 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: $6,573 · $548/mo
• Projected year-2 tax: $10,038 · $837/mo
• Expected delta: +$3,465/yr (+$289/mo · 52.7%)

ⓘ 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 ≥97°F today · 16 d/yr by 30 yrs out
• 💨 Wind 6/10 Major 54% chance of damaging wind over 30 yrs
• 🫁 Air quality 3/10 Moderate 4 unhealthy d/yr today · 4 by 30 yrs out

Taxation est. · year 1

• Rental income: $79,092
• − Mortgage interest: −$44,756
• − Property taxes: −$6,573
• − Insurance: −$3,995
• − Repairs & maintenance: −$6,327
• − Management: −$6,327
• − Depreciation: −$23,244
• Taxable loss: −$12,131
• Est. tax savings @ 24.0%: +$2,911
• After-tax cash flow: $4,545/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
• City population: 7,731,280
• Population (ZIP): 27,933

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 0.55)
• Race & ethnicity: Black 65% Hispanic / Latino 15% Two or more races 11% Asian 7% White 3%
• Hispanic origin (detail): Puerto Rican 3% Dominican 6%
• Common ancestry: Hispanic 15%
• Foreign-born: 46% · Canada, China, Jamaica
• Languages at home: 68% English-only · French/Haitian/Cajun 13% Spanish 11% 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: ▼ -420.79%
• Current HPI: 344.7243
• Rent YoY: —
• Metro: —
• 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

+443.5% since first listed

14 events — show timeline

• 2026-05-27 Pending — OneKey® MLS as Distributed by MLS Grid
• 2026-05-17 Relisted — OneKey® MLS as Distributed by MLS Grid
• 2026-04-14 Listed $799,000 OneKey® MLS as Distributed by MLS Grid
• 2014-09-30 Sold (Public Records) $481,000 Public Records
• 2014-09-10 Sold (MLS) $460,000 OneKey® MLS as Distributed by MLS Grid
• 2014-09-10 Sold (MLS) $460,000 MLSLI
• 2014-08-25 Pending — MLSLI
• 2014-04-11 Listed $475,000 MLSLI
• 2014-04-11 Listed $475,000 OneKey® MLS as Distributed by MLS Grid
• 2009-07-17 Sold (Public Records) $224,900 Public Records
• 2007-08-14 Sold (Public Records) $540,000 Public Records
• 2007-03-28 Listing Removed — OneKey® MLS as Distributed by MLS Grid
• 2007-03-06 Listed $549,000 OneKey® MLS as Distributed by MLS Grid
• 1992-03-18 Sold (Public Records) $147,000 Public Records

Property tax history

+5.6%/yr

Latest (2025): $6,573 · +0.2% YoY. Source: county tax records.