150-36 114th Rd · New York, NY 11434

$525,000

2 bd · 2.0 ba · 1,551 sqft · MultiFamily public records · 72 Days on market

Built 1925 3,000 sqft lot Est $983k · 47% under

---

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).

• ARV discount +15.0/15.0
• Cash flow +13.4/30.0
• Schools +5.0/10.0
• DSCR +4.0/10.0
• 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

Welcome to this unique opportunity in the heart of Jamaica, NY! This spacious one family home that was converted to a legal two family is within a short distance to public transportation, making your daily commute a breeze. Minutes away to the Jamaica Long Island railroad and bustling downtown Jamaica avenue, which features shopping, dinning, and entertainment. This property features 3 bedrooms, walk up attic and 2 full bathrooms. With a little TLC, your vision and creativity this residence can truly shine like new! Highlights also include original hardwood floors that add charm and character, a cozy den area, full size basement with outside entrance and driveway with two car garage. Don't

Key facts

• 3,000 sq ft lot
• Built 1925
• Listed 72 days

What this means for you Summary

Snapshot

• This is a 2 × 1-bed/1.0-bath units multifamily listed at $525k.

Deal economics

• At list price, monthly cash flow is $9 ($106/yr) — positive. Per door: $4/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 $430k (18.1% below list).
• Recommended offer: $430k (18.1% below list) — sets the bar for 1% rule.
• Cap rate 6.3% 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: 245 active listings in the ZIP; 35 comparable units currently listed for rent nearby; rentals at typical pace (median 25d 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).
• At $4,302/mo this rent would consume 67% of the median local household income ($78k/yr) (locally 3168% of renters already pay >50% of income on rent) — very limited rent-growth headroom before tenants either downsize or default.

Forward outlook

• Local home prices are declining (-3.0%/yr); year-one equity from $4k of loan paydown is wiped out by about $16k 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

• It's been on market 72 days — a 6% lower offer ($494k) is reasonable based on typical stale-listing flexibility.

Risks & watch-outs

• Watch-outs: built in 1925 — expect roof / HVAC / electrical / plumbing capex.
• Climate carrying-cost: major wind risk, 53% 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 $430,200 (18.1% below list)

Questions for the listing agent

1. It's been on market 72 days. Have you received any prior offers? Is the seller open to a 18% concession, seller financing, or rate buy-down credit?
2. Can we see the unit-by-unit rent roll, current vacancy, and any below-market leases? What's the average tenancy length?
3. What capital expenditures (roof, boiler, parking lot, exteriors) have been made in the last 5 years, and what's planned in the next 2?
4. Built in 1925 — when were the roof, HVAC, electrical panel, plumbing, and water heater last replaced?
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. 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?
10. 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.
11. 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.
12. 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: 6.31%
• Cash-on-cash: 0.07%
• DSCR: 1.00
• GRM: 10.2

CMA / ARV

• ARV (on-the-fly): $983,334
• Comps found: 2

Show comp detail 2 sales within ~0.75 mi

Address	Dist	Beds/Ba	Sqft	Sold	Price	$/sf	Match
145-38 Linden Blvd	0.30mi	2/—	1,575 (+2%)	2mo	$998,000	$634	82
119-56 Guy R Brewer Blvd	0.63mi	3/2.0 (+1)	1,728 (+11%)	8mo	$360,000	$208	40

Match score weights: distance 35% · size 25% · config 20% · recency 20%. Top-matched comps best support the ARV.

Projected returns pro-forma

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

5-year hold

• IRR: -16.2%
• Equity multiple: 0.42×
• Total profit: $-84,591
• Equity at exit: $78,279

10-year hold

• IRR: -7.9%
• Equity multiple: 0.50×
• Total profit: $-73,266
• Equity at exit: $45,392

Cash invested: $147,000 (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 11434

• Active inventory: 245
• Price-to-rent: 20.3×

Monthly cashflow live

• Estimated rent: $4,302 high
• Mortgage (P&I): −$2,753
• Tax from tax record: −$418 /mo · $5,014/yr
• Insurance: −$219
• HOA: −$0
• Vacancy / Maint / Mgmt: −$903
• Net cashflow: $9

Break-even live

Break-even rent $4,291

Max offer price $525,000

Occupancy floor 95%

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

Units	Beds	Baths	Est. rent
▸ 2× units	1	1	$4,302
Total (2 units)			$4,302

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: $131,250
• Closing costs: $15,750
• Reserves months: —
• Total cash needed: —

Rent comps 35 comps

Address	Beds	Baths	Sqft	Rent	$/sqft	DOM	Units	Dist
15053 115th Dr Jamaica, NY	2.0	1.0	1264	$2,997	$2.37	7d	1	0.13mi
11450 157th St Jamaica, NY	3.0	1.0	1604	$2,900	$1.81	24d	1	0.15mi
115-32 158th St Unit 2 Jamaica, NY	3.0	1.0	1600	$2,800	$1.75	6d	1	0.27mi
11530 Inwood St Jamaica, NY	3.0	1.0	1776	$3,500	$1.97	15d	1	0.36mi
11530 Inwood St Jamaica, NY	3.0	1.5	1776	$3,600	$2.03	24d	1	0.36mi
11649 147th St Jamaica, NY	3.0	1.0	1280	$3,600	$2.81	7d	1	0.37mi
15020 118th Ave Jamaica, NY	2.0	1.0	1568	$3,000	$1.91	6d	1	0.42mi
16515 Foch Blvd Jamaica, NY	1.0	1.0	1600	$1,200	$0.75	11d	1	0.59mi
15307 Arlington Ter Jamaica, NY	3.0	1.5	1470	$3,800	$2.59	24d	1	0.59mi
119-15A 145th St Jamaica, NY	3.0	1.5	1248	$3,800	$3.04	19d	1	0.59mi
108-16 Pinegrove St Unit 2ND Jamaica, NY	3.0	2.0	1600	$3,300	$2.06	5d	1	0.63mi
139-18 Lakewood Ave Unit 2F Jamaica, NY	3.0	2.0	1258	$3,250	$2.58	24d	1	0.71mi
120-23 Guy R Brewer Blvd Unit 1 Jamaica, NY	3.0	1.5	1200	$3,250	$2.71	19d	1	0.72mi
14559 107th Ave Jamaica, NY	3.0	1.5	2240	$3,373	$1.51	19d	1	0.75mi
14645 Tuskegee Airmen Way Jamaica, NY	3.0	2.0	2100	$3,500	$1.67	24d	1	0.80mi
12207 142nd Pl Jamaica, NY	3.0	2.5	1797	$3,200	$1.78	15d	1	0.81mi
14616 106th Ave Jamaica, NY	3.0	1.0	2049	$3,000	$1.46	24d	1	0.83mi
106-12 156th St Unit 2nd Fl Jamaica, NY	3.0	2.0	1208	$3,499	$2.90	24d	1	0.83mi
107-50 Van Wyck Expy Queens, NY	3.0	1.0	1700	$3,500	$2.06	24d	1	0.87mi
10442 164th St Jamaica, NY	3.0	3.0	2000	$3,600	$1.80	24d	1	0.91mi
116-47 134th St Unit 2 South Ozone Park, NY	2.0	1.0	1520	$2,400	$1.58	24d	1	0.92mi
17129 119th Ave Jamaica, NY	3.0	2.0	2040	$3,700	$1.81	24d	1	0.93mi
17203 119th Ave Jamaica, NY	3.0	2.0	1090	$3,300	$3.03	24d	1	0.95mi
144-07 101st Ave Unit 2 Jamaica, NY	2.0	1.0	1760	$2,800	$1.59	24d	1	1.02mi
10940 175th St Jamaica, NY	3.0	1.5	1300	$4,000	$3.08	19d	1	1.05mi
130-07 142nd St Unit 2 Jamaica, NY	2.0	1.0	1720	$2,700	$1.57	24d	1	1.08mi
12606 172nd St Jamaica, NY	3.0	2.0	1050	$3,200	$3.05	19d	1	1.11mi
16842 Liberty Ave Jamaica, NY	2.0	1.0	1688	$2,997	$1.78	24d	1	1.18mi
10473 129th St South Richmond Hill, NY	1.0	1.0	1280	$2,500	$1.95	24d	1	1.22mi
12603 115th Ave South Ozone Park, NY	3.0	1.0	1632	$3,200	$1.96	24d	1	1.22mi
10469 129th St South Richmond Hill, NY	3.0	2.0	1280	$3,400	$2.66	24d	1	1.22mi
11542 126th St South Ozone Park, NY	3.0	1.0	2016	$3,600	$1.79	24d	1	1.25mi
17724 106th Ave Jamaica, NY	3.0	1.0	1600	$3,500	$2.19	24d	1	1.34mi
16847 93rd Ave Jamaica, NY	3.0	1.5	1948	$2,900	$1.49	24d	1	1.35mi
177-47 106th Ave Unit First floor Jamaica, NY	3.0	1.0	1600	$3,300	$2.06	14d	1	1.39mi

Listing history 3 events

1. 2026-02-09
   soldstatus $690,000
2. 2024-10-12
   status Pending
3. 2024-08-01
   listed $525,000 Active

ⓘ 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: $5,014 · $418/mo
• Projected year-2 tax: $6,943 · $579/mo
• Expected delta: +$1,929/yr (+$161/mo · 38.5%)

ⓘ 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 7/10 Severe 7 d/yr ≥99°F today · 16 d/yr by 30 yrs out
• 💨 Wind 6/10 Major 53% 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: $51,624
• − Mortgage interest: −$29,408
• − Property taxes: −$5,014
• − Insurance: −$2,625
• − Repairs & maintenance: −$4,130
• − Management: −$4,130
• − Depreciation: −$15,273
• Taxable loss: −$8,956
• Est. tax savings @ 24.0%: +$2,149
• After-tax cash flow: $2,256/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): 68,263
• Household income: $77,598
• Rent vs Own: 52.5% rent · 47.5% own
• Severe rent burden: 3168.0

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 Black (76%)
• Race & ethnicity: Black 76% Hispanic / Latino 12% Two or more races 7% Asian 4% White 2%
• Hispanic origin (detail): Mexican 1% Puerto Rican 4% Dominican 3%
• Common ancestry: Hispanic 6%
• Foreign-born: 37% · Canada, Mexico, Jamaica
• Languages at home: 82% English-only · Spanish 8% French/Haitian/Cajun 5% Other Indo-European 2%

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: ▼ -539.32%
• Current HPI: 111.2067
• 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

+31.4% since first listed

3 events — show timeline

• 2026-02-09 Sold (Public Records) $690,000 Public Records
• 2024-10-12 Pending — OneKey® MLS as Distributed by MLS Grid
• 2024-08-01 Listed $525,000 OneKey® MLS as Distributed by MLS Grid

Property tax history

+12.9%/yr

Latest (2025): $5,014 · -1.4% YoY. Source: county tax records.