2199 Holland Ave Unit 3E · New York, NY 10462

$285,000

3 bd · 1.0 ba · 1,200 sqft · Condo · 24 Days on market

Built 1930 ↓ 1% since listing

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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 +25.4/30.0
• DSCR +8.4/10.0
• ARV discount +7.5/15.0
• 1% rule +6.7/10.0
• Schools +5.0/10.0
• Rent growth +4.9/5.0
• Livability +3.8/5.0
• Condition / age +2.5/5.0
• Appreciation +0.0/10.0

Listing remarks MLS

Welcome to Pelham Parkway's best-kept Secret! This prewar building has the styling you can imagine with Cathedral like ceilings in the lobby, elevator, and shared laundry located in the lower level. Now you can enjoy this Lovely three-bedroom co-op that is available for purchase. This 3 bedroom co-op features original hardwood floors throughout the unit. Upon entering you are greeted with an extra-long foyer and closet space for storage. The kitchen is located by the entrance of the unit and also receives natural light through the double panel window that allows for a nice summer breeze to enter, a great layout with plenty of cabinet space. Just a few feet away you’ll find the living room with abundant space to host and gives you a more cozy and comfortable environment. The Bedrooms are set towards the back of the co-op which is great for privacy. Each bedroom has its own closet and windows as well, bedroom space allows for extra size furniture. The bathroom is set right off the side of the bedrooms, bathroom features all-white subway-style tiling, shower, and tub combo, and linen closet. If you looking for a great space and location to call home look no further than 2199 Holland Ave! Additional Information: HeatingFuel:Oil Above Ground,

Key facts

• Laundry on premises
• Local attractions
• Built 1930

Tags

• LAUNDRY ON PREMISES
• LOCAL ATTRACTIONS

What this means for you Summary

Snapshot

• This is a 3-bed/1.0-bath condo listed at $285k.

Deal economics

• At list price, monthly cash flow is $660 ($8k/yr) — positive.
• The deal already cash-flows at list — no discount required.
• Meets the 1% rule at list price ($3k rent vs $285k).
• Recommended offer: $281k (1.5% below list) — sets the bar for market timing.
• Cap rate 9.1% 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 (+9.4%/yr); 189 active listings in the ZIP; 3 comparable units currently listed for rent nearby; rentals at typical pace (median 21d on market — plan ~3-4 weeks tenant-placement turnaround); 6,929 units permitted in Bronx County in 2024 (6,829 in 5+ unit buildings).
• At $3,329/mo this rent would consume 66% of the median local household income ($61k/yr) (locally 7650% 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 $2k of loan paydown is wiped out by about $9k of value loss. Plan a longer hold.
• Bronx County population projected at +21% by 2050 — long-run rental-demand tailwind backs the buy-and-hold thesis.
• At projected returns (-3.0% appreciation + 8.0% rent growth), your $80k cash investment doubles in ~8 years — after that, you're playing with house money.

Negotiation context

• It's been on market 24 days — a 2% lower offer ($281k) is reasonable based on typical stale-listing flexibility.
• 5 sale attempts since 5y 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 $245k; 16% above their basis — modest negotiation headroom, anchor on the comps not their cost.

Risks & watch-outs

• Watch-outs: built in 1930 — expect roof / HVAC / electrical / plumbing capex.
• 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 $280,725 (1.5% below list)

Questions for the listing agent

1. Built in 1930 — when were the roof, HVAC, electrical panel, plumbing, and water heater last replaced?
2. 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?
3. Is there a deadline driving the sale (1031 exchange, divorce, estate, relocation)? That informs how much negotiation room exists.
4. 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?
5. 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?
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: 1.17% ✓
• Cap rate: 9.07%
• Cash-on-cash: 9.93%
• DSCR: 1.44
• GRM: 7.1

CMA / ARV

No comps found within radius.

Projected returns pro-forma

-3.0% appreciation · 8.0% rent growth · sell at horizon

5-year hold

• IRR: 4.1%
• Equity multiple: 1.17×
• Total profit: $13,500
• Equity at exit: $42,494

10-year hold

• IRR: 17.9%
• Equity multiple: 2.83×
• Total profit: $146,159
• Equity at exit: $24,642

Cash invested: $79,800 (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 10462

• Home prices YoY: -10.4%
• Rents YoY: 9.4%
• Active inventory: 189
• Price-to-rent: 7.1×

Monthly cashflow live

• Estimated rent: $3,329 medium
• Mortgage (P&I): −$1,495
• Tax est. 1.5%: −$356 /mo · $4,275/yr
• Insurance: −$119
• HOA: −$0
• Vacancy / Maint / Mgmt: −$699
• Net cashflow: $660

Break-even live

Break-even rent $2,493

Max offer price $285,000

Occupancy floor 75%

Sensitivity live

Price	-10% $857	-5% $759	+0% $660	+5% $562	+10% $463
Rent	-10% $397	-5% $529	+0% $660	+5% $792	+10% $923
Rate	-1.0pp $804	-0.5pp $733	base $660	+0.5pp $586	+1.0pp $511

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: $71,250
• Closing costs: $8,550
• Reserves months: —
• Total cash needed: —

Rent comps 3 comps

Address	Beds	Baths	Sqft	Rent	$/sqft	DOM	Units	Dist
2311 Crotona Ave Apt 2 Bronx, NY	3.0	1.0	950	$3,350	$3.53	25d	1	1.00mi
2311 Crotona Ave Apt 1 Bronx, NY	3.0	1.0	950	$3,350	$3.53	20d	1	1.00mi
784 Garden St Unit 2 Bronx, NY	3.0	1.0	900	$3,399	$3.78	0d	1	1.04mi

HOA detail condo

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

Listing history 17 events

1. 2026-02-26
   status Pending
2. 2026-02-02
   listed $285,000 Active
3. 2025-12-05
   historical
4. 2025-11-04
   status Active
5. 2025-10-06
   status Pending
6. 2025-09-05
   status Active
7. 2025-09-04
   historical
8. 2025-03-17
   price $280,000
9. 2025-01-17
   price $289,000
10. 2024-12-03
    listed $295,000 Active
11. 2022-03-18
    soldstatus $245,000 Closed 1264-char remark

    Show marketing remark (1264 chars)

    Welcome to Pelham Parkway's best-kept Secret! This prewar building has the styling you can imagine with Cathedral like ceilings in the lobby, elevator, and shared laundry located in the lower level. Now you can enjoy this Lovely three-bedroom co-op that is available for purchase. This 3 bedroom co-op features original hardwood floors throughout the unit. Upon entering you are greeted with an extra-long foyer and closet space for storage. The kitchen is located by the entrance of the unit and also receives natural light through the double panel window that allows for a nice summer breeze to enter, a great layout with plenty of cabinet space. Just a few feet away you’ll find the living room with abundant space to host and gives you a more cozy and comfortable environment. The Bedrooms are set towards the back of the co-op which is great for privacy. Each bedroom has its own closet and windows as well, bedroom space allows for extra size furniture. The bathroom is set right off the side of the bedrooms, bathroom features all-white subway-style tiling, shower, and tub combo, and linen closet. If you looking for a great space and location to call home look no further than 2199 Holland Ave! Additional Information: HeatingFuel:Oil Above Ground,

12. 2021-09-17
    status Pending 1264-char remark

    Show marketing remark (1264 chars)

    Welcome to Pelham Parkway's best-kept Secret! This prewar building has the styling you can imagine with Cathedral like ceilings in the lobby, elevator, and shared laundry located in the lower level. Now you can enjoy this Lovely three-bedroom co-op that is available for purchase. This 3 bedroom co-op features original hardwood floors throughout the unit. Upon entering you are greeted with an extra-long foyer and closet space for storage. The kitchen is located by the entrance of the unit and also receives natural light through the double panel window that allows for a nice summer breeze to enter, a great layout with plenty of cabinet space. Just a few feet away you’ll find the living room with abundant space to host and gives you a more cozy and comfortable environment. The Bedrooms are set towards the back of the co-op which is great for privacy. Each bedroom has its own closet and windows as well, bedroom space allows for extra size furniture. The bathroom is set right off the side of the bedrooms, bathroom features all-white subway-style tiling, shower, and tub combo, and linen closet. If you looking for a great space and location to call home look no further than 2199 Holland Ave! Additional Information: HeatingFuel:Oil Above Ground,

13. 2021-07-12
    price $259,999 1264-char remark

    Show marketing remark (1264 chars)

    Welcome to Pelham Parkway's best-kept Secret! This prewar building has the styling you can imagine with Cathedral like ceilings in the lobby, elevator, and shared laundry located in the lower level. Now you can enjoy this Lovely three-bedroom co-op that is available for purchase. This 3 bedroom co-op features original hardwood floors throughout the unit. Upon entering you are greeted with an extra-long foyer and closet space for storage. The kitchen is located by the entrance of the unit and also receives natural light through the double panel window that allows for a nice summer breeze to enter, a great layout with plenty of cabinet space. Just a few feet away you’ll find the living room with abundant space to host and gives you a more cozy and comfortable environment. The Bedrooms are set towards the back of the co-op which is great for privacy. Each bedroom has its own closet and windows as well, bedroom space allows for extra size furniture. The bathroom is set right off the side of the bedrooms, bathroom features all-white subway-style tiling, shower, and tub combo, and linen closet. If you looking for a great space and location to call home look no further than 2199 Holland Ave! Additional Information: HeatingFuel:Oil Above Ground,

14. 2021-06-01
    price $278,900 1264-char remark

    Show marketing remark (1264 chars)

    Welcome to Pelham Parkway's best-kept Secret! This prewar building has the styling you can imagine with Cathedral like ceilings in the lobby, elevator, and shared laundry located in the lower level. Now you can enjoy this Lovely three-bedroom co-op that is available for purchase. This 3 bedroom co-op features original hardwood floors throughout the unit. Upon entering you are greeted with an extra-long foyer and closet space for storage. The kitchen is located by the entrance of the unit and also receives natural light through the double panel window that allows for a nice summer breeze to enter, a great layout with plenty of cabinet space. Just a few feet away you’ll find the living room with abundant space to host and gives you a more cozy and comfortable environment. The Bedrooms are set towards the back of the co-op which is great for privacy. Each bedroom has its own closet and windows as well, bedroom space allows for extra size furniture. The bathroom is set right off the side of the bedrooms, bathroom features all-white subway-style tiling, shower, and tub combo, and linen closet. If you looking for a great space and location to call home look no further than 2199 Holland Ave! Additional Information: HeatingFuel:Oil Above Ground,

15. 2021-05-01
    price $278,995 1264-char remark

    Show marketing remark (1264 chars)

    Welcome to Pelham Parkway's best-kept Secret! This prewar building has the styling you can imagine with Cathedral like ceilings in the lobby, elevator, and shared laundry located in the lower level. Now you can enjoy this Lovely three-bedroom co-op that is available for purchase. This 3 bedroom co-op features original hardwood floors throughout the unit. Upon entering you are greeted with an extra-long foyer and closet space for storage. The kitchen is located by the entrance of the unit and also receives natural light through the double panel window that allows for a nice summer breeze to enter, a great layout with plenty of cabinet space. Just a few feet away you’ll find the living room with abundant space to host and gives you a more cozy and comfortable environment. The Bedrooms are set towards the back of the co-op which is great for privacy. Each bedroom has its own closet and windows as well, bedroom space allows for extra size furniture. The bathroom is set right off the side of the bedrooms, bathroom features all-white subway-style tiling, shower, and tub combo, and linen closet. If you looking for a great space and location to call home look no further than 2199 Holland Ave! Additional Information: HeatingFuel:Oil Above Ground,

16. 2021-04-21
    price $279,000 1264-char remark

    Show marketing remark (1264 chars)

    Welcome to Pelham Parkway's best-kept Secret! This prewar building has the styling you can imagine with Cathedral like ceilings in the lobby, elevator, and shared laundry located in the lower level. Now you can enjoy this Lovely three-bedroom co-op that is available for purchase. This 3 bedroom co-op features original hardwood floors throughout the unit. Upon entering you are greeted with an extra-long foyer and closet space for storage. The kitchen is located by the entrance of the unit and also receives natural light through the double panel window that allows for a nice summer breeze to enter, a great layout with plenty of cabinet space. Just a few feet away you’ll find the living room with abundant space to host and gives you a more cozy and comfortable environment. The Bedrooms are set towards the back of the co-op which is great for privacy. Each bedroom has its own closet and windows as well, bedroom space allows for extra size furniture. The bathroom is set right off the side of the bedrooms, bathroom features all-white subway-style tiling, shower, and tub combo, and linen closet. If you looking for a great space and location to call home look no further than 2199 Holland Ave! Additional Information: HeatingFuel:Oil Above Ground,

17. 2021-03-29
    listed $289,000 Active 1264-char remark

    Show marketing remark (1264 chars)

    Welcome to Pelham Parkway's best-kept Secret! This prewar building has the styling you can imagine with Cathedral like ceilings in the lobby, elevator, and shared laundry located in the lower level. Now you can enjoy this Lovely three-bedroom co-op that is available for purchase. This 3 bedroom co-op features original hardwood floors throughout the unit. Upon entering you are greeted with an extra-long foyer and closet space for storage. The kitchen is located by the entrance of the unit and also receives natural light through the double panel window that allows for a nice summer breeze to enter, a great layout with plenty of cabinet space. Just a few feet away you’ll find the living room with abundant space to host and gives you a more cozy and comfortable environment. The Bedrooms are set towards the back of the co-op which is great for privacy. Each bedroom has its own closet and windows as well, bedroom space allows for extra size furniture. The bathroom is set right off the side of the bedrooms, bathroom features all-white subway-style tiling, shower, and tub combo, and linen closet. If you looking for a great space and location to call home look no further than 2199 Holland Ave! Additional Information: HeatingFuel:Oil Above 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 3/10 Moderate 3 unhealthy d/yr today · 4 by 30 yrs out

Taxation est. · year 1

• Rental income: $39,944
• − Mortgage interest: −$15,964
• − Property taxes: −$4,275
• − Insurance: −$1,425
• − Repairs & maintenance: −$3,196
• − Management: −$3,196
• − Depreciation: −$8,291
• Taxable income: $3,598
• Est. tax owed @ 24.0%: −$863
• After-tax cash flow: $7,058/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): 76,320
• Household income: $60,966
• Rent vs Own: 76.5% rent · 23.5% own
• Severe rent burden: 7650.0

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: Diverse neighborhood (Simpson 0.70)
• Race & ethnicity: Hispanic / Latino 46% Black 22% Asian 18% White 10% Two or more races 9% Native American 1%
• Hispanic origin (detail): Mexican 4% Puerto Rican 17% Dominican 15%
• Foreign-born: 34% · Canada, China, Vietnam
• Languages at home: 39% English-only · Spanish 36% Other Indo-European 16% Arabic 3%

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: ▼ -41.59%
• Current HPI: 356.326
• Rent YoY: ▲ 9.43%
• 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

17 events — show timeline

• 2026-02-26 Pending — OneKey® MLS as Distributed by MLS Grid
• 2026-02-02 Listed $285,000 OneKey® MLS as Distributed by MLS Grid
• 2025-12-05 Listing Removed — OneKey® MLS as Distributed by MLS Grid
• 2025-11-04 Relisted — OneKey® MLS as Distributed by MLS Grid
• 2025-10-06 Pending — OneKey® MLS as Distributed by MLS Grid
• 2025-09-05 Relisted — OneKey® MLS as Distributed by MLS Grid
• 2025-09-04 Listing Removed — OneKey® MLS as Distributed by MLS Grid
• 2025-03-17 Price Changed $280,000 OneKey® MLS as Distributed by MLS Grid
• 2025-01-17 Price Changed $289,000 OneKey® MLS as Distributed by MLS Grid
• 2024-12-03 Listed $295,000 OneKey® MLS as Distributed by MLS Grid
• 2022-03-18 Sold (MLS) $245,000 OneKey® MLS as Distributed by MLS Grid
• 2021-09-17 Pending — OneKey® MLS as Distributed by MLS Grid
• 2021-07-12 Price Changed $259,999 OneKey® MLS as Distributed by MLS Grid
• 2021-06-01 Price Changed $278,900 OneKey® MLS as Distributed by MLS Grid
• 2021-05-01 Price Changed $278,995 OneKey® MLS as Distributed by MLS Grid
• 2021-04-21 Price Changed $279,000 OneKey® MLS as Distributed by MLS Grid
• 2021-03-29 Listed $289,000 OneKey® MLS as Distributed by MLS Grid