4383 Matilda Ave · New York, NY 10466

$1,555,000

None bd · None ba · 5,850 sqft · MultiFamily public records · 72 Days on market

Built 1930 2,500 sqft lot

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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 +23.3/30.0
• DSCR +7.5/10.0
• ARV discount +7.5/15.0
• 1% rule +6.5/10.0
• Schools +5.0/10.0
• Livability +3.8/5.0
• Rent growth +2.5/5.0
• Condition / age +2.5/5.0
• Appreciation +0.0/10.0

Multi-family units

County records classify this as Multi-Family (5+ Unit). Listing-text estimate: 7 units. confirmed

5+ unit building — per-unit beds/baths from public records are typically unavailable; the breakdown below (if shown) is an estimate from the listing text.

Listing remarks

Prime Wakefield Investment — 7-Unit Income-Producing Property Near Transit. Exceptional opportunity to own a brick 3-story multifamily building in the Wakefield section of the Bronx—one of the city’s strongest and most consistent rental markets. 7 total income-generating units, including: • Five 2-bedroom apartments • One 1-bedroom apartment • Bonus 2-bedroom unit in the basement Perfect for investors seeking strong cash flow, portfolio expansion, or owner-occupants looking to offset living costs with rental income. • Gross Rental Income: $169,020 annually • Total Expenses: $58,427.72 • Net Operating Income (NOI): $110,592.28 • Cap Rate:

Key facts

• 2,500 sq ft lot
• Built 1930
• Listed 72 days

Property features AI

Finance

• Other:
• Financial info:
• HOA & community:

Exterior

• Parking: On-street parking
• Security:
• Utilities: Public sewer; Electricity connected; Natural gas connected; Public trash collection; Water connected
• Home design: Quadruplex
• Construction:
• Exterior features: Brick construction; Not waterfront

Interior

• Kitchen:
• Bedrooms:
• Flooring:
• Bathrooms:
• Heating & cooling: Oil heating; Wall/window air conditioning units
• Interior features: Washer/dryer hookups; Finished walk-out basement
• Laundry & utility: Common area laundry

What this means for you Summary

Snapshot

• This is a 6×2bd/1ba + 1×1bd/1ba units multifamily listed at $1.55M.

Deal economics

• At list price, monthly cash flow is $3k ($34k/yr) — positive. Per door: $406/mo.
• The deal already cash-flows at list — no discount required.
• Meets the 1% rule at list price ($18k rent vs $1.55M).
• Recommended offer: $1.46M (6.0% below list) — sets the bar for market timing.
• Cap rate 8.5% 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: 161 active listings in the ZIP; 6,929 units permitted in Bronx County in 2024 (6,829 in 5+ unit buildings).
• At $17,859/mo this rent would consume 325% of the median local household income ($66k/yr) (locally 4791% 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 $11k of loan paydown is wiped out by about $47k 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 72 days — a 6% lower offer ($1.46M) is reasonable based on typical stale-listing flexibility.
• 4 sale attempts since 3y 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 $365k; list at $1.55M implies a 326% gain — meaningful room to come down on a strong offer.

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→15/yr by 2055 (HVAC capex compounding) — expect insurance premiums to compound above CPI over the hold.

Recommended offer $1,461,700 (6.0% below list)

Questions for the listing agent

1. It's been on market 72 days. Have you received any prior offers? Is the seller open to a 6% concession, seller financing, or rate buy-down credit?
2. Can we see the unit-by-unit rent roll, current vacancy, and any below-market leases? What's the average tenancy length?
3. What capital expenditures (roof, boiler, parking lot, exteriors) have been made in the last 5 years, and what's planned in the next 2?
4. Built in 1930 — when were the roof, HVAC, electrical panel, plumbing, and water heater last replaced?
5. Why hasn't it sold? Are there any deal-killer items the seller is aware of (foundation, flood, title, zoning, code violations)?
6. Is there a deadline driving the sale (1031 exchange, divorce, estate, relocation)? That informs how much negotiation room exists.
7. 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?
8. 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?
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: 1.15% ✓
• Cap rate: 8.49%
• Cash-on-cash: 7.84%
• DSCR: 1.35
• GRM: 7.3

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: -4.3%
• Equity multiple: 0.84×
• Total profit: $-70,225
• Equity at exit: $231,856

10-year hold

• IRR: 5.4%
• Equity multiple: 1.40×
• Total profit: $174,516
• Equity at exit: $134,448

Cash invested: $435,400 (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 10466

• Active inventory: 161
• Price-to-rent: 50.3×

Monthly cashflow live

• Estimated rent: $17,859 high
• Mortgage (P&I): −$8,155
• Tax from tax record: −$2,462 /mo · $29,540/yr
• Insurance: −$648
• HOA: −$0
• Vacancy / Maint / Mgmt: −$3,750
• Net cashflow: $2,844

Break-even live

Break-even rent $14,258

Max offer price $1,555,000

Occupancy floor 79%

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

Units	Beds	Baths	Est. rent
▸ 6× units	2	1	$15,456
1× unit	1	1	$2,400
Total (7 units)			$17,859

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: $388,750
• Closing costs: $46,650
• Reserves months: —
• Total cash needed: —

Listing history 26 events

1. 2026-06-18
   days on market $1,555,000 Active 72 DOM
2. 2026-06-17
   days on market $1,555,000 Active 71 DOM
3. 2026-06-15
   days on market $1,555,000 Active 69 DOM
4. 2026-06-13
   days on market $1,555,000 Active 67 DOM
5. 2026-06-10
   days on market $1,555,000 Active 63 DOM
6. 2026-06-08
   days on market $1,555,000 Active 62 DOM
7. 2026-06-08
   days on market $1,555,000 Active 61 DOM
8. 2026-06-04
   days on market $1,555,000 Active 58 DOM
9. 2026-06-03
   days on market $1,555,000 Active 57 DOM
10. 2026-06-01
    days on market $1,555,000 Active 55 DOM
11. 2026-05-31
    days on market $1,555,000 Active 54 DOM
12. 2026-04-07
    listed $1,555,000 Active
13. 2026-04-07
    historical
14. 2026-02-02
    price $1,650,000
15. 2025-12-10
    listed $1,800,000 Active
16. 2023-07-01
    listed $1,650,000 Active
17. 2023-06-27
    historical
18. 2023-06-20
    historical
19. 2023-05-05
    price $1,699,000
20. 2023-03-31
    listed $1,890,000 Active
21. 2002-09-18
    soldstatus $365,000
22. 2000-02-25
    soldstatus $282,000
23. 1994-02-01
    soldstatus $240,000
24. 1990-02-13
    soldstatus $240,000
25. 1987-07-28
    soldstatus $97,500
26. 1986-06-10
    soldstatus $100,000

ⓘ 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: $29,540 · $2,462/mo
• Projected year-2 tax: $29,540 · $2,462/mo
• Expected delta: $0/yr ($0/mo · 0.0%)

ⓘ 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 6/10 Major 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 3/10 Moderate 3 unhealthy d/yr today · 4 by 30 yrs out

Taxation est. · year 1

• Rental income: $214,308
• − Mortgage interest: −$87,104
• − Property taxes: −$29,540
• − Insurance: −$7,775
• − Repairs & maintenance: −$17,145
• − Management: −$17,145
• − Depreciation: −$45,236
• Taxable income: $10,363
• Est. tax owed @ 24.0%: −$2,487
• After-tax cash flow: $31,646/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): 71,116
• Household income: $65,969
• Rent vs Own: 60.1% rent · 39.9% own
• Severe rent burden: 4791.0

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 0.55)
• Race & ethnicity: Black 60% Hispanic / Latino 29% Two or more races 7% White 2% Asian 2% Native American 1%
• Hispanic origin (detail): Mexican 3% Puerto Rican 9% Dominican 12%
• Common ancestry: Hispanic 1%
• Foreign-born: 42% · Canada, Jamaica, United Kingdom
• Languages at home: 67% English-only · Spanish 22% French/Haitian/Cajun 1% Other Indo-European 1%

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: ▼ -314.77%
• Current HPI: 349.542
• 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

+1455.0% since first listed

15 events — show timeline

• 2026-04-07 Listing Removed — OneKey® MLS as Distributed by MLS Grid
• 2026-04-07 Listed $1,555,000 OneKey® MLS as Distributed by MLS Grid
• 2026-02-02 Price Changed $1,650,000 OneKey® MLS as Distributed by MLS Grid
• 2025-12-10 Listed $1,800,000 OneKey® MLS as Distributed by MLS Grid
• 2023-07-01 Listed $1,650,000 OneKey® MLS as Distributed by MLS Grid
• 2023-06-27 Coming Soon — OneKey® MLS as Distributed by MLS Grid
• 2023-06-20 Listing Removed — OneKey® MLS as Distributed by MLS Grid
• 2023-05-05 Price Changed $1,699,000 OneKey® MLS as Distributed by MLS Grid
• 2023-03-31 Listed $1,890,000 OneKey® MLS as Distributed by MLS Grid
• 2002-09-18 Sold (Public Records) $365,000 Public Records
• 2000-02-25 Sold (Public Records) $282,000 Public Records
• 1994-02-01 Sold (Public Records) $240,000 Public Records
• 1990-02-13 Sold (Public Records) $240,000 Public Records
• 1987-07-28 Sold (Public Records) $97,500 Public Records
• 1986-06-10 Sold (Public Records) $100,000 Public Records

Property tax history

+5.2%/yr

Latest (2025): $29,540 · +3.2% YoY. Source: county tax records.