499 N Broadway Unit 7i · White Plains, NY 10603

$279,000

1 bd · 1.0 ba · 960 sqft · Condo · 56 Days on market

Built 1966

---

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 +22.3/30.0
• ARV discount +7.5/15.0
• DSCR +7.2/10.0
• 1% rule +5.8/10.0
• Schools +4.7/10.0
• Livability +3.6/5.0
• Rent growth +2.5/5.0
• Condition / age +2.5/5.0
• Appreciation +0.0/10.0

Listing remarks MLS

Beautiful, recently renovated one bedroom, one bathroom luxury apartment at White Plains' most respected doorman Coop building. Spacious foyer with generous walk in closet space opens up to the very large living room and dining area featuring a carefully maintained oak parquet floor. Sliding door to 17 feet long private balcony offering an unrestricted view. The recently renovated eat in kitchen is equipped with stainless steel appliances, attractive quartz counters and plenty of quality cabinetry. The bathroom has been nicely updated. Bright, large bedroom with huge walk in closet. Central heat, central AC, gas, hot water and taxes are all included in maintenance. Maintenance does not reflect Star. Doorman service and guest parking. NWP Metro North train station is just 1/2 block away. Assigned indoor parking space. Doorman service and guest parking. Additional Information: HeatingFuel:Oil Above Ground,ParkingFeatures:1 Car Attached,

Key facts

• Private balcony
• Entry foyer
• Updated kitchen

Tags

• HARDWOOD FLOORS
• ENTRY FOYER
• PRIVATE BALCONY
• UPDATED KITCHEN
• GRANITE COUNTERTOPS
• STAINLESS STEEL APPLIANCES

Property features AI

Finance

• HOA & community: Association: Wedgwood Apartments Inc; Additional monthly fee of $252.08 for garage repair

Exterior

• Parking: Assigned parking (1 space); Parking fee of $70
• Utilities: Con-Edison electric service; Public sewer; Cable available; Electricity connected; Natural gas connected; Public trash collection
• Home design: Stock cooperative; Located on entry level 7 of a 9-story building
• Construction: Brick exterior
• Exterior features: Brick construction; Not waterfront

Interior

• Kitchen: Dishwasher; Gas oven; Gas range; Refrigerator; Stainless steel appliances
• Bedrooms: 3 total rooms (includes bedrooms and living spaces)
• Flooring: Hardwood
• Bathrooms: 1 full bathroom
• Heating & cooling: Oil heating; Central air conditioning
• Interior features: Eat-in kitchen; Elevator access; Granite counters; Walk-through kitchen; Walk-in closet(s); Accessible entrance; Common area basement
• Laundry & utility: Common area laundry

🏢 Co-op / cooperative unit. The $279,000 price buys shares in the cooperative corporation, not the real estate itself — so it isn't comparable to a fee-simple sale price, and the cashflow / cap-rate / 1%-rule cards below (which assume you own the property and can rent it out) don't apply here. Expect board approval and a monthly maintenance fee on top of the price.

What this means for you Summary

Snapshot

• This is a 1-bed/1.0-bath condo listed at $279k.

Deal economics

• At list price, monthly cash flow is $395 ($5k/yr) — positive.
• The deal already cash-flows at list — no discount required.
• Meets the 1% rule at list price ($3k rent vs $279k).
• Recommended offer: $271k (3.0% below list) — sets the bar for market timing.
• Cap rate 8.3% vs local median 4.3% in White Plains — 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 71/100 on livability (#410 in NY) — a middle-class / working-renter tenant base. Strengths: commute A+, employment A+, crime A-; Watch: amenities F, cost of living F.
• White Plains City School District (urban): math 49% / reading 54% proficiency, ranked #313 of 590 in NY (top 53%) — acceptable for families but not a draw, mixed tenant base, ~2y average lease.
• Zoned schools: White Plains Middle School (math 36% / reading 53%, grade D, #348 of 729 statewide, top 50%, 1,517 students, 50% FRL); White Plains Senior High School (math 89% / reading 67%, grade A-, #577 of 1,100 statewide, top 52%, 2,220 students, 53% FRL).
• Market conditions: 113 active listings in the ZIP; 40 comparable units currently listed for rent nearby; rentals at typical pace (median 26d on market — plan ~3-4 weeks tenant-placement turnaround); 45% of comp listings sitting > 30 days — soft ceiling on asking rent; 954 units permitted in Westchester County in 2024 (649 in 5+ unit buildings).

Forward outlook

• Local home prices are declining (-3.0%/yr); year-one equity from $2k of loan paydown is wiped out by about $8k of value loss. Plan a longer hold.
• Westchester County population projected at +10% by 2050 — modest demand growth; plan on rents tracking national, not racing it.

Negotiation context

• It's been on market 56 days — a 3% lower offer ($271k) is reasonable based on typical stale-listing flexibility.
• 6 sale attempts since 9y 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 $232k; 20% above their basis — modest negotiation headroom, anchor on the comps not their cost.

Risks & watch-outs

• Watch-outs: flood insurance adds $66/mo.
• Climate carrying-cost: severe flood risk; 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 $270,630 (3.0% below list)

Questions for the listing agent

1. It's been on market 56 days. Have you received any prior offers? Is the seller open to a 3% concession, seller financing, or rate buy-down credit?
2. Built in 1966 — when were the roof, HVAC, electrical panel, plumbing, and water heater last replaced?
3. What's the actual annual flood-insurance premium (NFIP or private), and is the property in a SFHA with mandatory coverage?
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. Is there a deadline driving the sale (1031 exchange, divorce, estate, relocation)? That informs how much negotiation room exists.
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: 1.08% ✓
• Cap rate: 8.28%
• Cash-on-cash: 7.09%
• DSCR: 1.32
• GRM: 7.7

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: -6.9%
• Equity multiple: 0.74×
• Total profit: $-19,978
• Equity at exit: $41,600

10-year hold

• IRR: 2.7%
• Equity multiple: 1.20×
• Total profit: $15,334
• Equity at exit: $24,123

Cash invested: $78,120 (down + closing). Projections, not guarantees.

Landlord ↔ Tenant lean methodology

• Overall (STATE): 15 Strongly Tenant-Friendly
• State New York: 15 Strongly Tenant-Friendly · D+10
• County: — inherits STATE
• City: — inherits STATE

NYC rent stabilization (~1M units); 2019 HSTPA strengthened tenant rights; courts deeply backlogged.

Methodology + full state rankings →

ZIP-level market 10603

• Home prices YoY: -24.2%
• Active inventory: 113
• Price-to-rent: 7.7×

Monthly cashflow live

• Estimated rent: $3,025 high
• Mortgage (P&I): −$1,463
• Tax est. 1.5%: −$349 /mo · $4,185/yr
• Insurance: −$116
• Flood insurance flood zone: −$66 /mo · $798/yr
• HOA: −$0
• Vacancy / Maint / Mgmt: −$635
• Net cashflow: $395

Break-even live

Break-even rent $2,525

Max offer price $279,000

Occupancy floor 82%

Sensitivity live

Price	-10% $588	-5% $491	+0% $395	+5% $298	+10% $202
Rent	-10% $156	-5% $275	+0% $395	+5% $514	+10% $634
Rate	-1.0pp $535	-0.5pp $466	base $395	+0.5pp $323	+1.0pp $249

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: $69,750
• Closing costs: $8,370
• Reserves months: —
• Total cash needed: —

Rent comps 40 comps

Address	Beds	Baths	Sqft	Rent	$/sqft	DOM	Units	Dist
9 Wyndover Woods Ln #23 White Plains, NY	—	1.0	600	$1,850	$3.08	45d	1	0.32mi
4 Wyndover Woods Ln Unit 12 White Plains, NY	2.0	1.0	925	$2,500	$2.70	45d	1	0.44mi
108 N Kensico AVE Unit 5A	2.0	1.5	950	$3,400	$3.58	26d	1	0.78mi
17 Terrace Ave White Plains, NY	2.0	1.0	980	$3,500	$3.57	26d	1	0.95mi
7 Lake St Unit 8k White Plains, NY	2.0	1.0	975	$3,150	$3.23	45d	1	0.98mi
21 Lake St Unit 6G White Plains, NY	1.0	1.0	806	$2,650	$3.29	45d	1	0.99mi
37 Lake St White Plains, NY	1.0–2.0	1.0	685	$2,580	$3.76	45d	1	1.00mi
27 Barker Ave White Plains, NY	2.0	1.0–2.0	1131	$4,144	$3.66	0d	18	1.00mi
37 Lake St Unit 2B White Plains, NY	2.0	1.0	721	$3,140	$4.36	22d	1	1.00mi
26 Hillside Ter Unit F White Plains, NY	1.0	1.0	782	$2,700	$3.45	45d	1	1.01mi
42 Barker Ave Unit 4C White Plains, NY	1.0	1.0	800	$2,300	$2.88	45d	1	1.02mi
125 Lake St Unit 12NN White Plains, NY	2.0	1.0	850	$2,700	$3.18	45d	1	1.03mi
125 Lake St Unit 6BN White Plains, NY	2.0	2.0	975	$3,050	$3.13	45d	1	1.03mi
30 Lake St Apt 2I White Plains, NY	2.0	1.0	950	$3,100	$3.26	6d	1	1.03mi
440 Hamilton Ave White Plains, NY	2.0	1.0–2.0	880	$4,078	$4.63	0d	29	1.04mi
13 Granada Cres #1 White Plains, NY	2.0	2.0	1100	$3,500	$3.18	26d	1	1.11mi
312 Main St Apt 2 E White Plains, NY	1.0	1.0	800	$2,450	$3.06	14d	1	1.16mi
300 Main St White Plains, NY	1.0	1.0	956	$2,825	$2.95	23d	2	1.18mi
25 N Lexington Ave White Plains, NY	3.0	1.0–2.0	988	$4,327	$4.38	0d	26	1.18mi
16 Edward St Unit 2nd floor West Harrison, NY	2.0	1.0	900	$2,600	$2.89	45d	1	1.19mi
1 Renaissance Sq Unit 7B White Plains, NY	1.0	1.5	1048	$5,500	$5.25	45d	1	1.20mi
1 S Broadway Unit 4M White Plains, NY	—	1.0	600	$2,207	$3.68	45d	1	1.21mi
1 S Broadway Apt 1L White Plains, NY	2.0	1.0	1000	$2,950	$2.95	45d	1	1.21mi
7-11 S Broadway White Plains, NY	1.0	1.0	746	$3,295	$4.42	14d	1	1.23mi
1 Franklin Ave Unit 4DD White Plains, NY	—	1.0	550	$1,950	$3.55	6d	1	1.24mi
10 City Pl Unit 2D White Plains, NY	1.0	1.5	1069	$3,895	$3.64	16d	1	1.28mi
15 Bank St White Plains, NY	1.0–2.0	1.0–2.0	934	$2,674	$2.86	0d	19	1.31mi
210 Martine Ave Unit 5G White Plains, NY	—	1.0	550	$2,150	$3.91	20d	1	1.32mi
1 Martine Ave White Plains, NY	1.0–2.0	1.0–2.0	780	$2,850	$3.65	0d	10	1.34mi
295 Columbus Ave Unit 2 West Harrison, NY	2.0	1.0	946	$2,700	$2.85	45d	1	1.36mi
295 Columbus Ave Unit 1 West Harrison, NY	1.0	1.0	726	$3,600	$4.96	45d	1	1.36mi
125 Lake St Unit 5jn West Harrison, NY	1.0	1.0	750	$2,150	$2.87	45d	1	1.36mi
125 Lake St Unit 6gn West Harrison, NY	2.0	2.0	1000	$3,000	$3.00	45d	1	1.36mi
4 Martine Ave White Plains, NY	1.0	1.0	707	$2,750	$3.89	3d	1	1.37mi
4 Martine Ave White Plains, NY	1.0	1.0–1.5	773	$2,900	$3.75	45d	2	1.37mi
4 Martine Ave White Plains, NY	1.0	1.0–1.5	773	$3,025	$3.91	20d	2	1.37mi
4 Martine Ave White Plains, NY	1.0	1.0–1.5	773	$2,850	$3.69	14d	2	1.37mi
51 S Broadway White Plains, NY	1.0	1.0	752	$3,342	$4.44	4d	2	1.40mi
55 Bank St White Plains, NY	2.0	1.0–2.0	813	$3,878	$4.77	0d	23	1.41mi
131 Mamaroneck Ave White Plains, NY	3.0	1.0–2.0	974	$3,900	$4.00	0d	17	1.41mi

HOA detail condo

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

Listing history 29 events

1. 2026-06-21
   days on market $279,000 Active 56 DOM
2. 2026-06-18
   days on market $279,000 Active 53 DOM
3. 2026-06-17
   days on market $279,000 Active 52 DOM
4. 2026-06-16
   days on market $279,000 Active 51 DOM
5. 2026-06-15
   days on market $279,000 Active 50 DOM
6. 2026-06-13
   days on market $279,000 Active 48 DOM
7. 2026-06-13
   days on market $279,000 Active 47 DOM
8. 2026-06-09
   days on market $279,000 Active 44 DOM
9. 2026-06-08
   days on market $279,000 Active 43 DOM
10. 2026-06-07
    days on market $279,000 Active 42 DOM
11. 2026-06-04
    days on market $279,000 Active 39 DOM
12. 2026-06-03
    days on market $279,000 Active 38 DOM
13. 2026-06-02
    days on market $279,000 Active 37 DOM
14. 2026-06-01
    days on market $279,000 Active 36 DOM
15. 2026-05-31
    days on market $279,000 Active 35 DOM
16. 2026-04-25
    listed $279,000 Active 958-char remark
17. 2023-12-01
    listed $245,000 Active
18. 2021-12-23
    soldstatus $232,500 Closed

    Show marketing remark (948 chars)

    Beautiful, recently renovated one bedroom, one bathroom luxury apartment at White Plains' most respected doorman Coop building. Spacious foyer with generous walk in closet space opens up to the very large living room and dining area featuring a carefully maintained oak parquet floor. Sliding door to 17 feet long private balcony offering an unrestricted view. The recently renovated eat in kitchen is equipped with stainless steel appliances, attractive quartz counters and plenty of quality cabinetry. The bathroom has been nicely updated. Bright, large bedroom with huge walk in closet. Central heat, central AC, gas, hot water and taxes are all included in maintenance. Maintenance does not reflect Star. Doorman service and guest parking. NWP Metro North train station is just 1/2 block away. Assigned indoor parking space. Doorman service and guest parking. Additional Information: HeatingFuel:Oil Above Ground,ParkingFeatures:1 Car Attached,

19. 2021-12-03
    status Pending

    Show marketing remark (948 chars)

    Beautiful, recently renovated one bedroom, one bathroom luxury apartment at White Plains' most respected doorman Coop building. Spacious foyer with generous walk in closet space opens up to the very large living room and dining area featuring a carefully maintained oak parquet floor. Sliding door to 17 feet long private balcony offering an unrestricted view. The recently renovated eat in kitchen is equipped with stainless steel appliances, attractive quartz counters and plenty of quality cabinetry. The bathroom has been nicely updated. Bright, large bedroom with huge walk in closet. Central heat, central AC, gas, hot water and taxes are all included in maintenance. Maintenance does not reflect Star. Doorman service and guest parking. NWP Metro North train station is just 1/2 block away. Assigned indoor parking space. Doorman service and guest parking. Additional Information: HeatingFuel:Oil Above Ground,ParkingFeatures:1 Car Attached,

20. 2021-09-17
    listed $239,900 Active

    Show marketing remark (948 chars)

    Beautiful, recently renovated one bedroom, one bathroom luxury apartment at White Plains' most respected doorman Coop building. Spacious foyer with generous walk in closet space opens up to the very large living room and dining area featuring a carefully maintained oak parquet floor. Sliding door to 17 feet long private balcony offering an unrestricted view. The recently renovated eat in kitchen is equipped with stainless steel appliances, attractive quartz counters and plenty of quality cabinetry. The bathroom has been nicely updated. Bright, large bedroom with huge walk in closet. Central heat, central AC, gas, hot water and taxes are all included in maintenance. Maintenance does not reflect Star. Doorman service and guest parking. NWP Metro North train station is just 1/2 block away. Assigned indoor parking space. Doorman service and guest parking. Additional Information: HeatingFuel:Oil Above Ground,ParkingFeatures:1 Car Attached,

21. 2021-08-31
    historical
22. 2021-06-23
    price $239,900
23. 2021-05-22
    price $249,900
24. 2021-03-30
    listed $252,500 Active
25. 2018-11-03
    soldstatus $257,500 Sold
26. 2018-09-28
    status Pending
27. 2018-09-28
    status Active
28. 2018-07-26
    historical Pending
29. 2017-10-18
    listed $275,000 Active

ⓘ 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 9/10 Extreme FEMA zone X (unshaded) · 99% chance over 30 yrs
• 🔥 Wildfire 3/10 Moderate
• 🌡 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 4 unhealthy d/yr today · 6 by 30 yrs out

Taxation est. · year 1

• Rental income: $36,294
• − Mortgage interest: −$15,628
• − Property taxes: −$4,185
• − Insurance: −$2,192
• − Repairs & maintenance: −$2,904
• − Management: −$2,904
• − Depreciation: −$8,116
• Taxable income: $365
• Est. tax owed @ 24.0%: −$88
• After-tax cash flow: $4,650/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)

• District: White Plains City School District
• NCES district ID: 3631260
• Math proficiency: 49% ▼ -6.00%
• Reading proficiency: 54% ▲ 2.00%
• Median HH income: $78,366
• Composite: 46.72/100
• National rank: #2397
• State rank: #313 of 590 in NY

Livability — White Plains

• Score: 71/100
• State rank: #410
• US rank: #6801

Category grades

Amenities F Commute A+ Cost of living F Crime A- Employment A+ Housing B- Health & safety A- User ratings D

Schools grade is shown separately in the Schools card above.

Census & demographics

• Census place: White Plains, NY
• City population: 61,281
• Population (ZIP): 19,201

Population outlook (Westchester County) Hauer SSP2

• Today (2025): 1,028,035 people
• By 2030: 1,051,636 · +2.3%
• By 2040: 1,098,520 · +6.9%
• By 2050: 1,136,044 · +10.5%
• By 2075: 1,196,925 · +16.4%
• By 2100: 1,175,147 · +14.3%

Race, ethnicity, and origin ACS 2023

• Neighborhood character: Highly diverse neighborhood (Simpson 0.71)
• Race & ethnicity: Hispanic / Latino 35% White 34% Black 21% Two or more races 13% Asian 5%
• Hispanic origin (detail): Mexican 4% Puerto Rican 7% Dominican 3%
• Common ancestry: Hispanic 3% Romanian 2% Lithuanian 1%
• Foreign-born: 33% · Canada, Jamaica, China
• Languages at home: 55% English-only · Spanish 31% Other Indo-European 8% French/Haitian/Cajun 2%

Political lean MEDSL · Westchester

• 2024 margin: Strong D (+26.3) · D 63.1% · R 36.9%
• 2008→2024 swing: -1.3pp toward R · 2008: 27.6pp · 2024: 26.3pp
• All cycles: 2024: D+26.3 2020: D+36.3 2016: D+32.8 2012: D+22.2 2008: D+27.6

Not yet ingested

• Civics: —

Market trends

• HPI YoY: ▼ -101.72%
• Current HPI: 317.8177
• 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

+1.5% since first listed

14 events — show timeline

• 2026-04-25 Listed $279,000 OneKey® MLS as Distributed by MLS Grid
• 2023-12-01 Listed $245,000 OneKey® MLS as Distributed by MLS Grid
• 2021-12-23 Sold (MLS) $232,500 OneKey® MLS as Distributed by MLS Grid
• 2021-12-03 Pending — OneKey® MLS as Distributed by MLS Grid
• 2021-09-17 Listed $239,900 OneKey® MLS as Distributed by MLS Grid
• 2021-08-31 Listing Removed — OneKey® MLS as Distributed by MLS Grid
• 2021-06-23 Price Changed $239,900 OneKey® MLS as Distributed by MLS Grid
• 2021-05-22 Price Changed $249,900 OneKey® MLS as Distributed by MLS Grid
• 2021-03-30 Listed $252,500 OneKey® MLS as Distributed by MLS Grid
• 2018-11-03 Sold (MLS) $257,500 OneKey® MLS as Distributed by MLS Grid
• 2018-09-28 Pending — OneKey® MLS as Distributed by MLS Grid
• 2018-09-28 Relisted — OneKey® MLS as Distributed by MLS Grid
• 2018-07-26 Contingent — OneKey® MLS as Distributed by MLS Grid
• 2017-10-18 Listed $275,000 OneKey® MLS as Distributed by MLS Grid