2080 Barnes Ave Unit 4E · New York, NY 10462

$175,000

1 bd · 1.0 ba · 875 sqft · Condo · 125 Days on market

Built 1951

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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).

• 1% rule +9.2/10.0
• ARV discount +7.5/15.0
• Cash flow +7.2/30.0
• Schools +5.0/10.0
• Rent growth +4.9/5.0
• Livability +3.8/5.0
• Condition / age +2.5/5.0
• DSCR +1.4/10.0
• Appreciation +0.0/10.0

Listing remarks MLS

Very large, beautifully renovated one-bedroom apartment for sale at 2080 Barnes Avenue. This apartment features a spacious open concept dining area/living room. The dining area has a large closet with beautiful black wood and frosted glass doors. Lovely hardwood floors throughout the apartment. The renovated eat-in kitchen has windows, gas stove, dishwasher, large stainless fridge, beautiful stone backsplash. The renovated bath has a lovely new sink with storage cabinet, porcelain tile floor, seafoam green glass tile, and a bathtub with double shower head. The huge bedroom also faces west, and is large enough for a king-size bed and seating area. A large double closet has the same doors as the dining area. Barnes Avenue is a quiet tree-lined street. The building features a live-in super and parking garage (waiting list). Pet friendly 80% financing. Don't miss out on this beautiful home. Offered at just $130,000. Maintenance $651.29 per month.

Key facts

• Move-in-ready
• Modern kitchen
• Hardwood floors

Tags

• MOVE-IN-READY
• MODERN KITCHEN
• STAINLESS-STEEL APPLIANCES
• HARDWOOD FLOORS
• PRIVATE IN-DOOR PARKING GARAGE
• PUBLIC TRANSPORTATION OPTIONS

Property features AI

Finance

• HOA & community: Monthly association with heat, hot water and common-area maintenance included; Additional monthly application fee of $500

Exterior

• Parking: Attached garage access; Private parking; Off-street parking; Parking lot; Common parking; Garage door opener; Parking fee applies
• Utilities: Public sewer; Cable available; Electricity available; Natural gas available; Phone available; Sewer connected; Water connected
• Home design: Stock cooperative; Six-story building; Single-level unit
• Construction: Brick construction
• Exterior features: Courtyard; Garden

Interior

• Kitchen: Dishwasher; Gas oven; Microwave; Refrigerator; Stainless steel appliances
• Bedrooms: 4 rooms total (includes bedrooms and living spaces); Entry level located on 4th floor
• Flooring: Hardwood; Wood
• Bathrooms: 1 full bathroom
• Heating & cooling: Steam heat; Wall/window air conditioning units
• Interior features: Eat-in kitchen; Soaking tub; Storage; Oversized windows; Common-area laundry and in-basement laundry access; Pets allowed
• Laundry & utility: Common-area laundry; Laundry in basement

What this means for you Summary

Snapshot

• This is a 1-bed/1.0-bath condo listed at $175k.

Deal economics

• At list price, monthly cash flow is $-238 ($-3k/yr) — negative.
• The deal already cash-flows at list — no discount required.
• Meets the 1% rule at list price ($2k rent vs $175k).
• Recommended offer: $154k (12.0% below list) — sets the bar for market timing.
• Cap rate 4.7% 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; 1 comparable units currently listed for rent nearby; 6,929 units permitted in Bronx County in 2024 (6,829 in 5+ unit buildings).
• At $2,488/mo this rent would consume 49% 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 $1k of loan paydown is wiped out by about $5k 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.

Negotiation context

• It's been on market 125 days — a 12% lower offer ($154k) is reasonable based on typical stale-listing flexibility.
• 4 sale attempts since 9y ago; this cycle's ask has dropped $10k (5%) from the opening price — seller is motivated, your offer sets the floor, not the list.
• Current owner paid $128k; 37% above their basis — modest negotiation headroom, anchor on the comps not their cost.

Risks & watch-outs

• Watch-outs: HOA is 40% of rent; built in 1951 — expect roof / HVAC / electrical / plumbing capex.
• Climate carrying-cost: major flood risk; 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 $154,000 (12.0% 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 125 days. Have you received any prior offers? Is the seller open to a 12% concession, seller financing, or rate buy-down credit?
3. Built in 1951 — when were the roof, HVAC, electrical panel, plumbing, and water heater last replaced?
4. What does the HOA fee cover, when was the last increase, and are there any pending special assessments or reserve-fund shortfalls?
5. 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?
6. Why hasn't it sold? Are there any deal-killer items the seller is aware of (foundation, flood, title, zoning, code violations)?
7. Is there a deadline driving the sale (1031 exchange, divorce, estate, relocation)? That informs how much negotiation room exists.
8. 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?
9. 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?
10. 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?
11. 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.
12. 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.
13. 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: 1.42% ✓
• Cap rate: 4.66%
• Cash-on-cash: -5.83%
• DSCR: 0.74
• GRM: 5.9

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: -15.7%
• Equity multiple: 0.39×
• Total profit: $-29,733
• Equity at exit: $26,093

10-year hold

• IRR: 3.5%
• Equity multiple: 1.35×
• Total profit: $17,044
• Equity at exit: $15,131

Cash invested: $49,000 (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 10462

• Home prices YoY: -10.4%
• Rents YoY: 9.4%
• Active inventory: 189
• Price-to-rent: 5.9×

Monthly cashflow live

• Estimated rent: $2,488 medium
• Mortgage (P&I): −$918
• Tax est. 1.5%: −$219 /mo · $2,625/yr
• Insurance: −$73
• HOA est. from 1 same-building comp: −$994
• Vacancy / Maint / Mgmt: −$522
• Net cashflow: $-238

Break-even live

Break-even rent $2,789

Max offer price $140,535

Occupancy floor —

Sensitivity live

Price	-10% $-117	-5% $-178	+0% $-238	+5% $-299	+10% $-359
Rent	-10% $-435	-5% $-336	+0% $-238	+5% $-140	+10% $-42
Rate	-1.0pp $-150	-0.5pp $-194	base $-238	+0.5pp $-284	+1.0pp $-330

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: $43,750
• Closing costs: $5,250
• Reserves months: —
• Total cash needed: —

Rent comps 1 comps

Address	Beds	Baths	Sqft	Rent	$/sqft	DOM	Units	Dist
1250 Pelham Pkwy S Unit B Bronx, NY	1.0	1.0	725	$2,850	$3.93	25d	1	0.77mi

HOA detail condo

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

Listing history 18 events

1. 2026-06-18
   days on market $175,000 Active 125 DOM
2. 2026-06-17
   days on market $175,000 Active 124 DOM
3. 2026-06-15
   days on market $175,000 Active 122 DOM
4. 2026-06-13
   days on market $175,000 Active 120 DOM
5. 2026-06-10
   pricedays on market $175,000 Active 116 DOM
6. 2026-06-08
   days on market $180,000 Active 115 DOM
7. 2026-06-04
   days on market $180,000 Active 111 DOM
8. 2026-06-03
   days on market $180,000 Active 110 DOM
9. 2026-06-01
   days on market $180,000 Active 108 DOM
10. 2026-05-31
    days on market $180,000 Active 107 DOM
11. 2026-05-22
    price $180,000
12. 2026-02-13
    listed $185,000 Active
13. 2017-10-18
    soldstatus $127,500 957-char remark

    Show marketing remark (957 chars)

    Very large, beautifully renovated one-bedroom apartment for sale at 2080 Barnes Avenue. This apartment features a spacious open concept dining area/living room. The dining area has a large closet with beautiful black wood and frosted glass doors. Lovely hardwood floors throughout the apartment. The renovated eat-in kitchen has windows, gas stove, dishwasher, large stainless fridge, beautiful stone backsplash. The renovated bath has a lovely new sink with storage cabinet, porcelain tile floor, seafoam green glass tile, and a bathtub with double shower head. The huge bedroom also faces west, and is large enough for a king-size bed and seating area. A large double closet has the same doors as the dining area. Barnes Avenue is a quiet tree-lined street. The building features a live-in super and parking garage (waiting list). Pet friendly 80% financing. Don't miss out on this beautiful home. Offered at just $130,000. Maintenance $651.29 per month.

14. 2017-09-23
    historical Permanently Off Market
15. 2017-09-20
    price $130,000 957-char remark

    Show marketing remark (957 chars)

    Very large, beautifully renovated one-bedroom apartment for sale at 2080 Barnes Avenue. This apartment features a spacious open concept dining area/living room. The dining area has a large closet with beautiful black wood and frosted glass doors. Lovely hardwood floors throughout the apartment. The renovated eat-in kitchen has windows, gas stove, dishwasher, large stainless fridge, beautiful stone backsplash. The renovated bath has a lovely new sink with storage cabinet, porcelain tile floor, seafoam green glass tile, and a bathtub with double shower head. The huge bedroom also faces west, and is large enough for a king-size bed and seating area. A large double closet has the same doors as the dining area. Barnes Avenue is a quiet tree-lined street. The building features a live-in super and parking garage (waiting list). Pet friendly 80% financing. Don't miss out on this beautiful home. Offered at just $130,000. Maintenance $651.29 per month.

16. 2017-07-06
    listed $130,000 Active
17. 2017-06-27
    listed $127,500 957-char remark

    Show marketing remark (957 chars)

    Very large, beautifully renovated one-bedroom apartment for sale at 2080 Barnes Avenue. This apartment features a spacious open concept dining area/living room. The dining area has a large closet with beautiful black wood and frosted glass doors. Lovely hardwood floors throughout the apartment. The renovated eat-in kitchen has windows, gas stove, dishwasher, large stainless fridge, beautiful stone backsplash. The renovated bath has a lovely new sink with storage cabinet, porcelain tile floor, seafoam green glass tile, and a bathtub with double shower head. The huge bedroom also faces west, and is large enough for a king-size bed and seating area. A large double closet has the same doors as the dining area. Barnes Avenue is a quiet tree-lined street. The building features a live-in super and parking garage (waiting list). Pet friendly 80% financing. Don't miss out on this beautiful home. Offered at just $130,000. Maintenance $651.29 per month.

18. 2017-06-27
    listed $130,000

    Show marketing remark (957 chars)

    Very large, beautifully renovated one-bedroom apartment for sale at 2080 Barnes Avenue. This apartment features a spacious open concept dining area/living room. The dining area has a large closet with beautiful black wood and frosted glass doors. Lovely hardwood floors throughout the apartment. The renovated eat-in kitchen has windows, gas stove, dishwasher, large stainless fridge, beautiful stone backsplash. The renovated bath has a lovely new sink with storage cabinet, porcelain tile floor, seafoam green glass tile, and a bathtub with double shower head. The huge bedroom also faces west, and is large enough for a king-size bed and seating area. A large double closet has the same doors as the dining area. Barnes Avenue is a quiet tree-lined street. The building features a live-in super and parking garage (waiting list). Pet friendly 80% financing. Don't miss out on this beautiful home. Offered at just $130,000. Maintenance $651.29 per month.

ⓘ 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 6/10 Major FEMA zone X (unshaded) · 69% 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: $29,851
• − Mortgage interest: −$9,803
• − Property taxes: −$2,625
• − Insurance: −$875
• − Repairs & maintenance: −$2,388
• − Management: −$2,388
• − HOA: −$11,928
• − Depreciation: −$5,091
• Taxable loss: −$5,247
• Est. tax savings @ 24.0%: +$1,259
• After-tax cash flow: $-1,599/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

+41.2% since first listed

8 events — show timeline

• 2026-05-22 Price Changed $180,000 OneKey® MLS as Distributed by MLS Grid
• 2026-02-13 Listed $185,000 OneKey® MLS as Distributed by MLS Grid
• 2017-10-18 Sold (MLS) $127,500 RLS at REBNY
• 2017-09-23 Delisted — RLS at REBNY
• 2017-09-20 Price Changed $130,000 RLS at REBNY
• 2017-07-06 Listed $130,000 RLS at REBNY
• 2017-06-27 Listed $130,000 RLS at REBNY
• 2017-06-27 Listed $127,500 RLS at REBNY