58-03 Calloway St Unit 6FF · New York, NY 11368

$219,000

1 bd · 1.0 ba · 800 sqft · Condo · 122 Days on market

Built 1968

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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 +8.7/10.0
• ARV discount +7.5/15.0
• 1% rule +6.9/10.0
• Schools +5.0/10.0
• Livability +3.8/5.0
• Cash flow +2.5/30.0
• Rent growth +2.5/5.0
• Condition / age +2.5/5.0
• DSCR +0.0/10.0

Listing remarks MLS

Welcome to your new home. Move-in ready 1 Bedroom/1 Bath Co-op unit in a well-maintained elevator building. Youll find new flooring and a minimal design. Add your TLC and on touches to make this home your own unique world. Large kitchen can easily be opened. Enjoy an oversized living room and bedroom large enough to fit a king size bed. Plenty of closet space and sunlight. Entry alcove can be used for a small office, table or bonus space. When you buy a co-op you are also buying the building and this is a great one! Calloway is one of few co-ops that allow only 10% minimum down payment; keeping more money in your pocket. There is no flip tax and you can sublet after 2 years as a primary resident. Maintenance includes heat, hot water, cooking gas & taxes. Sorry, no pets allowed. Calloway features a part time doorman, a community room, updated hallways, laundry, storage and a parking garage (wait list). Close to all amenities and major thoroughfares for easier travel. The E, M, R and 7 trains are about equidistant from Calloway. Multiple bus lines are available and youre minutes from Queens Center Shopping Mall. Join this thriving neighborhood. Call today for an appointment!

Key facts

• On site laundry
• Bright open layout
• Ample cabinet space

Tags

• WELL MAINTAINED BUILDING
• BRIGHT OPEN LAYOUT
• AMPLE CABINET SPACE
• ON SITE LAUNDRY
• SECURE BUILDING ACCESS
• QUICK ACCESS TO MANHATTAN

🏢 Co-op / cooperative unit. The $219,000 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 $219k.

Deal economics

• At list price, monthly cash flow is $-825 ($-10k/yr) — negative.
• The deal already cash-flows at list — no discount required.
• Meets the 1% rule at list price ($3k rent vs $219k).
• Recommended offer: $193k (12.0% below list) — sets the bar for market timing.

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: 243 active listings in the ZIP; 40 comparable units currently listed for rent nearby; rentals at typical pace (median 20d on market — plan ~3-4 weeks tenant-placement turnaround); 5,302 units permitted in Queens County in 2024 (4,918 in 5+ unit buildings).
• This rent runs 43% of the median local income ($72k/yr) — at the standard rent-burdened threshold; future hikes will face affordability resistance.

Forward outlook

• In year one you build about $18k of equity ($2k loan paydown + $16k appreciation (7.4% local appreciation)).
• Queens County population projected at +16% by 2050 — long-run rental-demand tailwind backs the buy-and-hold thesis.
• By year 3, paydown + projected appreciation supports a ~$44k cash-out refi (75% LTV) — recoverable capital for the next deal without selling this one.

Negotiation context

• It's been on market 122 days — a 12% lower offer ($193k) is reasonable based on typical stale-listing flexibility.
• 4 sale attempts since 15y ago; this cycle's ask has dropped $31k (12%) from the opening price — seller is motivated, your offer sets the floor, not the list.

Risks & watch-outs

• Watch-outs: flood insurance adds $66/mo; HOA is 50% of rent.
• 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 $192,720 (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 122 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 1968 — when were the roof, HVAC, electrical panel, plumbing, and water heater last replaced?
4. What's the actual annual flood-insurance premium (NFIP or private), and is the property in a SFHA with mandatory coverage?
5. What does the HOA fee cover, when was the last increase, and are there any pending special assessments or reserve-fund shortfalls?
6. 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?
7. Why hasn't it sold? Are there any deal-killer items the seller is aware of (foundation, flood, title, zoning, code violations)?
8. Is there a deadline driving the sale (1031 exchange, divorce, estate, relocation)? That informs how much negotiation room exists.
9. 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?
10. 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?
11. 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?
12. 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.
13. 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.
14. 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: 1.19% ✓
• Cap rate: 2.14%
• Cash-on-cash: -14.83%
• DSCR: 0.34
• GRM: 7.0

CMA / ARV

No comps found within radius.

Projected returns pro-forma

7.4% appreciation · 3.0% rent growth · sell at horizon

5-year hold

• IRR: 6.7%
• Equity multiple: 1.49×
• Total profit: $30,251
• Equity at exit: $157,517

10-year hold

• IRR: 8.8%
• Equity multiple: 3.10×
• Total profit: $128,592
• Equity at exit: $304,574

Cash invested: $61,320 (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 11368

• Home prices YoY: 2.7%
• Active inventory: 243
• Price-to-rent: 7.0×

Monthly cashflow live

• Estimated rent: $2,603 high
• Mortgage (P&I): −$1,148
• Tax est. 1.5%: −$274 /mo · $3,285/yr
• Insurance: −$91
• Flood insurance flood zone: −$66 /mo · $798/yr
• HOA est. from 1 same-building comp: −$1,301
• Vacancy / Maint / Mgmt: −$547
• Net cashflow: $-825

Break-even live

Break-even rent $3,647

Max offer price $99,693

Occupancy floor —

Sensitivity live

Price	-10% $-673	-5% $-749	+0% $-825	+5% $-900	+10% $-976
Rent	-10% $-1,030	-5% $-927	+0% $-825	+5% $-722	+10% $-619
Rate	-1.0pp $-714	-0.5pp $-769	base $-825	+0.5pp $-881	+1.0pp $-939

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: $54,750
• Closing costs: $6,570
• Reserves months: —
• Total cash needed: —

Rent comps 40 comps

Address	Beds	Baths	Sqft	Rent	$/sqft	DOM	Units	Dist
102-45 62nd Rd Unit 7J Forest Hills, NY	1.0	1.0	770	$2,950	$3.83	25d	1	0.25mi
6155 98th St Unit 8B Rego Park, NY	1.0	1.0	700	$2,500	$3.57	5d	1	0.26mi
6145 98th St Rego Park, NY	1.0–3.0	1.0	825	$2,500	$3.03	25d	3	0.29mi
6145 98th St Rego Park, NY	1.0–3.0	1.0	825	$2,350	$2.85	3d	3	0.29mi
102-06 63rd Ave #2 Queens, NY	2.0	1.0	1000	$3,000	$3.00	25d	1	0.35mi
54-01 108th St Unit 2R Flushing, NY	2.0	1.0	1000	$3,050	$3.05	25d	1	0.35mi
6125 97th St Unit 4D Rego Park, NY	—	1.0	650	$2,300	$3.54	5d	1	0.37mi
9710 62nd Dr Unit 9F Rego Park, NY	1.0	1.0	750	$2,700	$3.60	5d	1	0.41mi
9430 58th Ave Unit 3A Elmhurst, NY	—	1.0	530	$1,800	$3.40	11d	1	0.44mi
9941 64th Ave Unit C16 Rego Park, NY	2.0	1.0	1100	$3,200	$2.91	0d	1	0.46mi
9707 63rd Rd Unit 15B Rego Park, NY	1.0	1.0	700	$2,300	$3.29	2d	1	0.46mi
9941 64th Ave Rego Park, NY	1.0–2.0	1.0	975	$2,400	$2.46	19d	2	0.48mi
10849 63rd Ave Unit 2C Forest Hills, NY	—	1.0	600	$1,900	$3.17	25d	1	0.50mi
9810 64th Ave Rego Park, NY	1.0	1.0	825	$2,125	$2.58	18d	2	0.53mi
9810 64th Ave Unit 3A Rego Park, NY	1.0	1.0	850	$2,450	$2.88	3d	1	0.53mi
6405 Yellowstone Blvd Flushing, NY	1.0	1.0–1.5	920	$3,075	$3.34	25d	2	0.53mi
6405 Yellowstone Blvd Unit 403S Forest Hills, NY	1.0	1.0	720	$3,100	$4.31	25d	1	0.53mi
9825 64th Rd Unit 8F Rego Park, NY	2.0	1.0	850	$2,400	$2.82	2d	1	0.55mi
9725 64th Ave Rego Park, NY	1.0	1.0	760	$1,800	$2.37	19d	1	0.55mi
61-20 Grand Central Pkwy Unit Bb706 Forest Hills, NY	2.0	1.0	970	$2,850	$2.94	19d	1	0.56mi
6435 Yellowstone Blvd Unit 6G Forest Hills, NY	—	1.0	575	$1,900	$3.30	19d	1	0.60mi
10525 65th Ave Unit 4F Forest Hills, NY	2.0	1.0	980	$3,998	$4.08	15d	1	0.61mi
10523 65th Rd Forest Hills, NY	2.0	2.0	760	$3,200	$4.21	25d	1	0.65mi
102-39 66th Ave Unit 1 Flushing, NY	2.0	1.0	981	$3,000	$3.06	2d	1	0.68mi
97-12 65th Rd Unit 18-E Rego Park, NY	1.0	1.0	600	$3,650	$6.08	0d	1	0.68mi
97-12 65th Rd Unit 4-C Rego Park, NY	1.0	1.0	650	$3,350	$5.15	6d	1	0.68mi
6347 Booth St Unit 3C Rego Park, NY	1.0	1.0	700	$3,400	$4.86	25d	1	0.69mi
97-12 65th Rd Apt 5D Rego Park, NY	1.0	1.0	800	$3,395	$4.24	6d	1	0.70mi
10533 66th Ave Unit 3F Forest Hills, NY	1.0	1.0	775	$2,200	$2.84	5d	1	0.71mi
10302 42nd Ave Unit 4D Corona, NY	2.0	1.5	761	$3,400	$4.47	19d	1	0.71mi
98-81 Queens Blvd Unit 15E Rego Park, NY	1.0	1.0	700	$3,335	$4.76	6d	1	0.71mi
98-81 Queens Blvd Unit 14K Rego Park, NY	2.0	2.0	950	$4,490	$4.73	13d	1	0.71mi
10530 66th Ave Unit 3F Forest Hills, NY	1.0	1.0	800	$2,200	$2.75	25d	1	0.74mi
9876 Queens Blvd Unit 3A Rego Park, NY	1.0	1.0	820	$2,900	$3.54	25d	1	0.75mi
11105 66th Ave Unit 2B Forest Hills, NY	1.0	1.0	850	$2,600	$3.06	16d	1	0.77mi
10025 Queens Blvd Unit 3M Forest Hills, NY	2.0	1.0	925	$2,900	$3.14	25d	1	0.80mi
102-45 67th Rd Forest Hills, NY	1.0	1.0	700	$2,350	$3.36	19d	1	0.82mi
102-55 67th Rd Unit 2V Forest Hills, NY	1.0	1.0	633	$2,350	$3.71	20d	1	0.83mi
11131 66th Ave Unit 3C Forest Hills, NY	1.0	1.0	600	$2,000	$3.33	5d	1	0.84mi
105-25 67th Rd Forest Hills, NY	1.0	1.0	750	$1,800	$2.40	19d	1	0.84mi

HOA detail condo

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

Listing history 11 events

1. 2026-04-02
   status Pending
2. 2026-02-28
   price $219,000
3. 2026-01-02
   price $238,000
4. 2025-12-01
   listed $250,000 Active
5. 2021-06-25
   price $195,000 1211-char remark

   Show marketing remark (1211 chars)

   Welcome to your new home. Move-in ready 1 Bedroom/1 Bath Co-op unit in a well-maintained elevator building. Youll find new flooring and a minimal design. Add your TLC and on touches to make this home your own unique world. Large kitchen can easily be opened. Enjoy an oversized living room and bedroom large enough to fit a king size bed. Plenty of closet space and sunlight. Entry alcove can be used for a small office, table or bonus space. When you buy a co-op you are also buying the building and this is a great one! Calloway is one of few co-ops that allow only 10% minimum down payment; keeping more money in your pocket. There is no flip tax and you can sublet after 2 years as a primary resident. Maintenance includes heat, hot water, cooking gas & taxes. Sorry, no pets allowed. Calloway features a part time doorman, a community room, updated hallways, laundry, storage and a parking garage (wait list). Close to all amenities and major thoroughfares for easier travel. The E, M, R and 7 trains are about equidistant from Calloway. Multiple bus lines are available and youre minutes from Queens Center Shopping Mall. Join this thriving neighborhood. Call today for an appointment!

6. 2021-06-21
   soldstatus $199,000 Sold 1211-char remark

   Show marketing remark (1211 chars)

   Welcome to your new home. Move-in ready 1 Bedroom/1 Bath Co-op unit in a well-maintained elevator building. Youll find new flooring and a minimal design. Add your TLC and on touches to make this home your own unique world. Large kitchen can easily be opened. Enjoy an oversized living room and bedroom large enough to fit a king size bed. Plenty of closet space and sunlight. Entry alcove can be used for a small office, table or bonus space. When you buy a co-op you are also buying the building and this is a great one! Calloway is one of few co-ops that allow only 10% minimum down payment; keeping more money in your pocket. There is no flip tax and you can sublet after 2 years as a primary resident. Maintenance includes heat, hot water, cooking gas & taxes. Sorry, no pets allowed. Calloway features a part time doorman, a community room, updated hallways, laundry, storage and a parking garage (wait list). Close to all amenities and major thoroughfares for easier travel. The E, M, R and 7 trains are about equidistant from Calloway. Multiple bus lines are available and youre minutes from Queens Center Shopping Mall. Join this thriving neighborhood. Call today for an appointment!

7. 2021-05-11
   price $199,000 1211-char remark

   Show marketing remark (1211 chars)

   Welcome to your new home. Move-in ready 1 Bedroom/1 Bath Co-op unit in a well-maintained elevator building. Youll find new flooring and a minimal design. Add your TLC and on touches to make this home your own unique world. Large kitchen can easily be opened. Enjoy an oversized living room and bedroom large enough to fit a king size bed. Plenty of closet space and sunlight. Entry alcove can be used for a small office, table or bonus space. When you buy a co-op you are also buying the building and this is a great one! Calloway is one of few co-ops that allow only 10% minimum down payment; keeping more money in your pocket. There is no flip tax and you can sublet after 2 years as a primary resident. Maintenance includes heat, hot water, cooking gas & taxes. Sorry, no pets allowed. Calloway features a part time doorman, a community room, updated hallways, laundry, storage and a parking garage (wait list). Close to all amenities and major thoroughfares for easier travel. The E, M, R and 7 trains are about equidistant from Calloway. Multiple bus lines are available and youre minutes from Queens Center Shopping Mall. Join this thriving neighborhood. Call today for an appointment!

8. 2021-04-21
   status Active 1211-char remark

   Show marketing remark (1211 chars)

   Welcome to your new home. Move-in ready 1 Bedroom/1 Bath Co-op unit in a well-maintained elevator building. Youll find new flooring and a minimal design. Add your TLC and on touches to make this home your own unique world. Large kitchen can easily be opened. Enjoy an oversized living room and bedroom large enough to fit a king size bed. Plenty of closet space and sunlight. Entry alcove can be used for a small office, table or bonus space. When you buy a co-op you are also buying the building and this is a great one! Calloway is one of few co-ops that allow only 10% minimum down payment; keeping more money in your pocket. There is no flip tax and you can sublet after 2 years as a primary resident. Maintenance includes heat, hot water, cooking gas & taxes. Sorry, no pets allowed. Calloway features a part time doorman, a community room, updated hallways, laundry, storage and a parking garage (wait list). Close to all amenities and major thoroughfares for easier travel. The E, M, R and 7 trains are about equidistant from Calloway. Multiple bus lines are available and youre minutes from Queens Center Shopping Mall. Join this thriving neighborhood. Call today for an appointment!

9. 2020-08-19
   listed $199,000 Active 1211-char remark

   Show marketing remark (1211 chars)

   Welcome to your new home. Move-in ready 1 Bedroom/1 Bath Co-op unit in a well-maintained elevator building. Youll find new flooring and a minimal design. Add your TLC and on touches to make this home your own unique world. Large kitchen can easily be opened. Enjoy an oversized living room and bedroom large enough to fit a king size bed. Plenty of closet space and sunlight. Entry alcove can be used for a small office, table or bonus space. When you buy a co-op you are also buying the building and this is a great one! Calloway is one of few co-ops that allow only 10% minimum down payment; keeping more money in your pocket. There is no flip tax and you can sublet after 2 years as a primary resident. Maintenance includes heat, hot water, cooking gas & taxes. Sorry, no pets allowed. Calloway features a part time doorman, a community room, updated hallways, laundry, storage and a parking garage (wait list). Close to all amenities and major thoroughfares for easier travel. The E, M, R and 7 trains are about equidistant from Calloway. Multiple bus lines are available and youre minutes from Queens Center Shopping Mall. Join this thriving neighborhood. Call today for an appointment!

10. 2012-12-31
    historical
11. 2011-01-20
    listed $129,000

ⓘ 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 8/10 Severe FEMA zone X (unshaded) · 78% 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 27% 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: $31,237
• − Mortgage interest: −$12,267
• − Property taxes: −$3,285
• − Insurance: −$1,892
• − Repairs & maintenance: −$2,499
• − Management: −$2,499
• − HOA: −$15,612
• − Depreciation: −$6,371
• Taxable loss: −$13,189
• Est. tax savings @ 24.0%: +$3,165
• After-tax cash flow: $-6,729/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): 105,716
• Household income: $72,270
• Rent vs Own: 76.9% rent · 23.1% own
• Severe rent burden: 6817.0

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 Hispanic (75%)
• Race & ethnicity: Hispanic / Latino 75% Two or more races 14% Asian 12% Black 8% White 4% Native American 1%
• Hispanic origin (detail): Mexican 20% Puerto Rican 2% Dominican 14%
• Foreign-born: 60% · Canada, China, Jamaica
• Languages at home: 15% English-only · Spanish 70% Chinese 6% Other Indo-European 3%

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: ▲ 7.40%
• Current HPI: 282.8276
• 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

+69.8% since first listed

11 events — show timeline

• 2026-04-02 Pending — OneKey® MLS as Distributed by MLS Grid
• 2026-02-28 Price Changed $219,000 OneKey® MLS as Distributed by MLS Grid
• 2026-01-02 Price Changed $238,000 OneKey® MLS as Distributed by MLS Grid
• 2025-12-01 Listed $250,000 OneKey® MLS as Distributed by MLS Grid
• 2021-06-25 Price Changed $195,000 RLS at REBNY
• 2021-06-21 Sold (MLS) $199,000 RLS at REBNY
• 2021-05-11 Price Changed $199,000 RLS at REBNY
• 2021-04-21 Relisted — RLS at REBNY
• 2020-08-19 Listed $199,000 RLS at REBNY
• 2012-12-31 Listing Removed — OneKey® MLS as Distributed by MLS Grid
• 2011-01-20 Listed $129,000 OneKey® MLS as Distributed by MLS Grid