18 Kane Pl · New York, NY 11233

$1,699,000

9 bd · 6.0 ba · 6,017 sqft · MultiFamily public records · 45 Days on market

Built 2007 2,758 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).

• Appreciation +10.0/10.0
• Cash flow +7.8/30.0
• ARV discount +7.5/15.0
• Schools +5.0/10.0
• Rent growth +4.1/5.0
• Livability +3.8/5.0
• Condition / age +2.5/5.0
• DSCR +1.9/10.0
• 1% rule +1.6/10.0

Multi-family units

County records classify this as Multi-Family (2-4 Unit). Listing-text estimate: 3 units. confirmed

Listing remarks

.MASSIVE BRICK Property In Stuyvesant Height- Brooklyn. Upper Level Features XXL Four Bedroom Unit. There Are Three Bedrooms On The Second Floor While First Floor Offers Two Bedroom Apartment. Each Unit Has Two Bathrooms, Hardwood Flooring, Plenty Of Closets & Storage Space. The Full, But Unfinished, Basement Has High Ceilings And Offers So Much Potential If You Want To Cash On Laundromat And/Or Additional Storage Space. We Promise, Your Tenants Will Truly Appreciate The Huge Private Backyard That Is Big Enough To Share. So . . If You Are Looking For The Opportunity To Purchase A Well-Located Brick Multi-Family That Is Positioned For Incredible Rent Growth - You Found Your Match. Cons

Key facts

• Hardwood flooring
• Plenty of closets
• Storage space

Tags

• XXL FOUR BEDROOM UNIT
• TWO BEDROOM APARTMENT
• HARDWOOD FLOORING
• PLENTY OF CLOSETS
• STORAGE SPACE
• HIGH CEILINGS

Property features AI

Finance

• HOA & community: Access to a park

Exterior

• Parking: No dedicated parking; No carport
• Utilities: Public sewer; Water connected; Electricity connected; Natural gas connected; Cable connected; Public trash collection
• Home design: Triplex
• Construction: Brick construction; Unfinished basement
• Exterior features: Near public transit; Near schools; Near shops; Not waterfront

Interior

• Kitchen: Open kitchen
• Bedrooms: At least one 3-bedroom unit
• Flooring: Hardwood floors
• Bathrooms: 6 full bathrooms
• Heating & cooling: Natural gas heating; Hot water heating; Wall/window air conditioning units
• Interior features: High ceilings; Open kitchen; Walk-in closet(s); Aluminum-framed windows

What this means for you Summary

Snapshot

• This is a 3 × 2-bed/1-bath units multifamily listed at $1.70M.

Deal economics

• At list price, monthly cash flow is $-2k ($-22k/yr) — negative. Per door: $-621/mo.
• To cash-flow at today's rent, offer at most $1.37M (19.4% below list).
• To meet the 1% rule (rent ≥ 1% of price), the offer needs to be $1.13M (33.5% below list).
• Recommended offer: $1.13M (33.5% below list) — sets the bar for 1% rule.
• Cap rate 5.0% 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: Rents rising fast (+6.4%/yr); 152 active listings in the ZIP; 10,063 units permitted in Kings County in 2024 (9,789 in 5+ unit buildings).
• At $11,292/mo this rent would consume 217% of the median local household income ($62k/yr) (locally 6960% 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 $182k of equity ($12k loan paydown + $170k appreciation (10.0% 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 ~$292k cash-out refi (75% LTV) — recoverable capital for the next deal without selling this one.

Negotiation context

• It's been on market 45 days — a 3% lower offer ($1.65M) is reasonable based on typical stale-listing flexibility.
• 8 sale attempts since 11y 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 $645k; list at $1.70M implies a 163% gain — meaningful room to come down on a strong offer.

Risks & watch-outs

• Climate carrying-cost: major wind risk, 39% 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 $1,129,200 (33.5% 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 45 days. Have you received any prior offers? Is the seller open to a 34% 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. Is there a deadline driving the sale (1031 exchange, divorce, estate, relocation)? That informs how much negotiation room exists.
6. 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?
7. 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?
8. 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?
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: 0.66% ✗
• Cap rate: 4.98%
• Cash-on-cash: -4.70%
• DSCR: 0.79
• GRM: 12.5

CMA / ARV

No comps found within radius.

Projected returns pro-forma

10.0% appreciation · 6.44% rent growth · sell at horizon

5-year hold

• IRR: 21.8%
• Equity multiple: 2.78×
• Total profit: $846,632
• Equity at exit: $1,530,594

10-year hold

• IRR: 20.4%
• Equity multiple: 6.63×
• Total profit: $2,679,934
• Equity at exit: $3,300,783

Cash invested: $475,720 (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 11233

• Home prices YoY: 2.9%
• Rents YoY: 6.4%
• Active inventory: 152
• Price-to-rent: 37.6×

Monthly cashflow live

• Estimated rent: $11,292 medium
• Mortgage (P&I): −$8,910
• Tax from tax record: −$1,167 /mo · $14,001/yr
• Insurance: −$708
• HOA: −$0
• Vacancy / Maint / Mgmt: −$2,371
• Net cashflow: $-1,864

Break-even live

Break-even rent $13,651

Max offer price $1,369,764

Occupancy floor —

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

Units	Beds	Baths	Est. rent
▸ 3× units	2	1	$11,292
Total (3 units)			$11,292

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: $424,750
• Closing costs: $50,970
• Reserves months: —
• Total cash needed: —

Listing history 27 events

1. 2026-06-18
   days on market $1,699,000 Active 45 DOM
2. 2026-06-17
   days on market $1,699,000 Active 44 DOM
3. 2026-06-16
   days on market $1,699,000 Active 43 DOM
4. 2026-06-15
   days on market $1,699,000 Active 42 DOM
5. 2026-06-13
   days on market $1,699,000 Active 40 DOM
6. 2026-06-10
   days on market $1,699,000 Active 36 DOM
7. 2026-06-08
   days on market $1,699,000 Active 35 DOM
8. 2026-06-08
   days on market $1,699,000 Active 34 DOM
9. 2026-06-04
   days on market $1,699,000 Active 31 DOM
10. 2026-06-03
    days on market $1,699,000 Active 30 DOM
11. 2026-06-01
    days on market $1,699,000 Active 28 DOM
12. 2026-05-31
    days on market $1,699,000 Active 27 DOM
13. 2026-05-04
    historical
14. 2026-05-04
    listed $1,699,000 Active
15. 2026-05-04
    historical
16. 2026-05-04
    listed $1,699,000 Active
17. 2025-11-18
    listed $1,699,000 Active
18. 2025-09-17
    historical
19. 2025-07-11
    listed $1,550,000 Active
20. 2025-06-01
    historical
21. 2024-09-16
    status Active
22. 2024-06-28
    price $1,725,000
23. 2024-05-31
    listed $1,699,999 Active
24. 2017-11-18
    historical
25. 2017-05-17
    listed $1,549,000 New
26. 2016-08-15
    soldstatus $645,000
27. 2015-04-16
    listed $550,000

ⓘ 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: $14,001 · $1,167/mo
• Projected year-2 tax: $21,357 · $1,780/mo
• Expected delta: +$7,356/yr (+$613/mo · 52.5%)

ⓘ 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 · 15 d/yr by 30 yrs out
• 💨 Wind 6/10 Major 39% 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: $135,504
• − Mortgage interest: −$95,170
• − Property taxes: −$14,001
• − Insurance: −$8,495
• − Repairs & maintenance: −$10,840
• − Management: −$10,840
• − Depreciation: −$49,425
• Taxable loss: −$53,269
• Est. tax savings @ 24.0%: +$12,784
• After-tax cash flow: $-9,580/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): 81,822
• Household income: $62,411
• Rent vs Own: 76.3% rent · 23.7% own
• Severe rent burden: 6960.0

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: Predominantly Black (65%)
• Race & ethnicity: Black 65% Hispanic / Latino 16% White 12% Two or more races 8% Asian 2%
• Hispanic origin (detail): Puerto Rican 5% Dominican 5%
• Common ancestry: Hispanic 1% Romanian 1% Lithuanian 1%
• Foreign-born: 25% · Canada, Mexico, China
• Languages at home: 80% English-only · Spanish 12% French/Haitian/Cajun 3% Other Indo-European 1%

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: ▲ 18.31%
• Current HPI: 645.4828
• Rent YoY: ▲ 6.44%
• 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

+208.9% since first listed

15 events — show timeline

• 2026-05-04 Listed $1,699,000 OneKey® MLS as Distributed by MLS Grid
• 2026-05-04 Listing Removed — OneKey® MLS as Distributed by MLS Grid
• 2026-05-04 Listed $1,699,000 OneKey® MLS as Distributed by MLS Grid
• 2026-05-04 Listing Removed — OneKey® MLS as Distributed by MLS Grid
• 2025-11-18 Listed $1,699,000 OneKey® MLS as Distributed by MLS Grid
• 2025-09-17 Listing Removed — OneKey® MLS as Distributed by MLS Grid
• 2025-07-11 Listed $1,550,000 OneKey® MLS as Distributed by MLS Grid
• 2025-06-01 Listing Removed — OneKey® MLS as Distributed by MLS Grid
• 2024-09-16 Relisted — OneKey® MLS as Distributed by MLS Grid
• 2024-06-28 Price Changed $1,725,000 OneKey® MLS as Distributed by MLS Grid
• 2024-05-31 Listed $1,699,999 OneKey® MLS as Distributed by MLS Grid
• 2017-11-18 Listing Removed — OneKey® MLS as Distributed by MLS Grid
• 2017-05-17 Listed $1,549,000 OneKey® MLS as Distributed by MLS Grid
• 2016-08-15 Sold (Public Records) $645,000 Public Records
• 2015-04-16 Listed $550,000 RLS at REBNY

Property tax history

+4.1%/yr

Latest (2025): $14,001 · +3.4% YoY. Source: county tax records.