33-24 Junction Blvd Unit 1R · New York, NY 11372

$225,000

1 bd · 1.0 ba · 625 sqft · Condo · 86 Days on market

Built 1959 Good condition

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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 +17.8/30.0
• ARV discount +7.5/15.0
• DSCR +5.6/10.0
• Schools +5.0/10.0
• 1% rule +4.8/10.0
• Livability +3.8/5.0
• Condition / age +3.8/5.0
• Appreciation +3.2/10.0
• Rent growth +2.4/5.0

Listing remarks MLS

Have you been searching for an affordable, spacious, and quiet one-bedroom? This is one worth seeing. Located on what is effectively the second floor (just above the lobby) of a well-maintained co-op in strong financial standing, the apartment offers a layout that’s both practical and easy to live in. There’s a clear separation between the living area and the bedroom, which makes the space feel larger than expected. You’re welcomed by a proper foyer—something buyers always appreciate—which can easily double as a home office, dining area, or simply a well-defined entry. The living room is well-proportioned and flexible, with enough room for both a comfortable seating area and dining without feeling tight. The kitchen sits just off the foyer, tucked away from the main living space, helping keep everything organized. The bedroom is set apart and generously sized, easily accommodating a king-sized bed with room to spare, along with an oversized double closet. Multiple closets are thoughtfully placed throughout, adding to the functionality of the home. Throughout the apartment, you’ll find beautiful parquet floors that add warmth and character. The co-op is set on park-like grounds and offers multiple outdoor sitting areas, creating a peaceful setting that’s hard to come by. Residents enjoy a wait-listed garage, well-maintained laundry facilities, and an attentive staff with a live-in super. The train is just three blocks away, making commuting simple. You’re a block away from shopping, restaurants, and Paseo Park along 34th Avenue, a neighborhood favorite for morning runs, bike rides, and a more open, pedestrian-friendly feel. The maintenance of $772.47 includes electricity, gas, heat, water, and taxes. There is a bulk cable fee of $95 and an elevator assessment of $127.40. A 20% down payment and board approval are required.

Key facts

• Proper foyer
• Wait-listed garage
• Park-like grounds

Tags

• PROPER FOYER
• MULTIPLE CLOSETS
• BEAUTIFUL PARQUET FLOORS
• PARK-LIKE GROUNDS
• MULTIPLE OUTDOOR SITTING AREAS
• WAIT-LISTED GARAGE

Property features AI

Finance

• HOA & community: Monthly additional fee of $222.40 for elevator assessment and cable

Exterior

• Parking: Garage available; No carport
• Security: Fire escape; Smoke detectors
• Utilities: Electricity connected; Natural gas connected; Public sewer; Water connected; Public trash collection
• Home design: Stock cooperative; 7 total stories; Entry level: 1; Not waterfront
• Construction: Brick construction
• Exterior features: Brick construction; Garden; Landscaped grounds; Near public transit; Close to shops; Near schools; Fire escape; Smoke detectors

Interior

• Kitchen: Gas oven; Gas range; Refrigerator
• Bedrooms: Located on first floor (unit 1R)
• Flooring: Hardwood floors
• Bathrooms: 1 full bathroom
• Heating & cooling: Steam heating; Wall/window air conditioning units
• Interior features: Built-in features; Entrance foyer; Aluminum window frames; Accessible approach with ramp; Outdoor space (building-level)
• Laundry & utility: Dedicated laundry room

🏢 Co-op / cooperative unit. The $225,000 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 $225k. Condition is rated good.

Deal economics

• At list price, monthly cash flow is $184 ($2k/yr) — positive.
• The deal already cash-flows at list — no discount required.
• To meet the 1% rule (rent ≥ 1% of price), the offer needs to be $220k (2.2% below list).
• Recommended offer: $212k (6.0% below list) — sets the bar for market timing.
• Cap rate 7.3% 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 soft (-0.6%/yr); 304 active listings in the ZIP; 9 comparable units currently listed for rent nearby; rentals at typical pace (median 20d on market — plan ~3-4 weeks tenant-placement turnaround); solid renter incomes; 5,302 units permitted in Queens County in 2024 (4,918 in 5+ unit buildings).
• This rent runs 34% of the median local income ($79k/yr) — at the standard rent-burdened threshold; future hikes will face affordability resistance.

Forward outlook

• Local home prices are declining (-3.0%/yr); year-one equity from $2k of loan paydown is wiped out by about $7k of value loss. Plan a longer hold.
• Queens County population projected at +16% by 2050 — long-run rental-demand tailwind backs the buy-and-hold thesis.

Negotiation context

• It's been on market 86 days — a 6% lower offer ($212k) is reasonable based on typical stale-listing flexibility.
• 2 sale attempts 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.

Risks & watch-outs

• Watch-outs: built in 1959 — 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 $211,500 (6.0% below list)

Questions for the listing agent

1. It's been on market 86 days. Have you received any prior offers? Is the seller open to a 6% concession, seller financing, or rate buy-down credit?
2. Built in 1959 — when were the roof, HVAC, electrical panel, plumbing, and water heater last replaced?
3. 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?
4. Why hasn't it sold? Are there any deal-killer items the seller is aware of (foundation, flood, title, zoning, code violations)?
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. 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.
9. 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.
10. 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: 0.98% ✗
• Cap rate: 7.27%
• Cash-on-cash: 3.50%
• DSCR: 1.16
• GRM: 8.5

CMA / ARV

No comps found within radius.

Projected returns pro-forma

-3.0% appreciation · 0.0% rent growth · sell at horizon

5-year hold

• IRR: -14.2%
• Equity multiple: 0.51×
• Total profit: $-31,179
• Equity at exit: $33,548

10-year hold

• IRR: -11.3%
• Equity multiple: 0.41×
• Total profit: $-36,877
• Equity at exit: $19,454

Cash invested: $63,000 (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 11372

• Home prices YoY: -1.5%
• Rents YoY: -0.6%
• Active inventory: 304
• Price-to-rent: 8.5×

Monthly cashflow live

• Estimated rent: $2,201 high
• Mortgage (P&I): −$1,180
• Tax est. 1.5%: −$281 /mo · $3,375/yr
• Insurance: −$94
• HOA: −$0
• Vacancy / Maint / Mgmt: −$462
• Net cashflow: $184

Break-even live

Break-even rent $1,968

Max offer price $225,000

Occupancy floor 87%

Sensitivity live

Price	-10% $339	-5% $261	+0% $184	+5% $106	+10% $28
Rent	-10% $10	-5% $97	+0% $184	+5% $271	+10% $358
Rate	-1.0pp $297	-0.5pp $241	base $184	+0.5pp $125	+1.0pp $66

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: $56,250
• Closing costs: $6,750
• Reserves months: —
• Total cash needed: —

Rent comps 9 comps

Address	Beds	Baths	Sqft	Rent	$/sqft	DOM	Units	Dist
10006 32nd Ave East Elmhurst, NY	1.0	1.0	500	$2,500	$5.00	12d	1	0.32mi
31-47 102nd St Unit 2 fl Flushing, NY	2.0	1.0	650	$2,600	$4.00	25d	1	0.42mi
3730 103rd St Corona, NY	1.0	1.0	540	$1,800	$3.33	20d	1	0.53mi
3260 106th St East Elmhurst, NY	1.0	1.0	600	$3,250	$5.42	0d	1	0.54mi
37-27 86th St Unit 6N Flushing, NY	—	1.0	650	$1,900	$2.92	25d	1	0.60mi
2724 Gillmore St Unit 2 East Elmhurst, NY	1.0	1.0	576	$2,300	$3.99	25d	1	0.60mi
3716 83rd St Jackson Heights, NY	1.0	1.0	700	$1,800	$2.57	20d	1	0.73mi
40-38 82nd St Apt 3C Elmhurst, NY	—	1.0	350	$1,600	$4.57	25d	1	0.87mi
9430 58th Ave Unit 3A Elmhurst, NY	—	1.0	530	$1,800	$3.40	12d	1	1.45mi

HOA detail condo

• Monthly dues: $0 · $0/yr
• Likely covers: watergaselectriccablelandscaping
• ⚠ Special-assessment mentions:

  …The maintenance of $772.47 includes electricity, gas, heat, water, and taxes. There is a bulk cable fee of $95 and an elevator assessment of $127.40. A 20% down payment and board approval are required.

Listing history 14 events

1. 2026-06-21
   days on market $225,000 Active 86 DOM
2. 2026-06-18
   days on market $225,000 Active 83 DOM
3. 2026-06-17
   days on market $225,000 Active 82 DOM
4. 2026-06-15
   days on market $225,000 Active 80 DOM
5. 2026-06-13
   days on market $225,000 Active 78 DOM
6. 2026-06-10
   days on market $225,000 Active 74 DOM
7. 2026-06-08
   days on market $225,000 Active 73 DOM
8. 2026-06-08
   days on market $225,000 Active 72 DOM
9. 2026-06-04
   days on market $225,000 Active 69 DOM
10. 2026-06-03
    days on market $225,000 Active 68 DOM
11. 2026-06-01
    days on market $225,000 Active 66 DOM
12. 2026-05-31
    days on market $225,000 Active 65 DOM
13. 2026-03-27
    listed $225,000 Active

    Show marketing remark (1900 chars)

    Have you been searching for an affordable, spacious, and quiet one-bedroom? This is one worth seeing. Located on what is effectively the second floor (just above the lobby) of a well-maintained co-op in strong financial standing, the apartment offers a layout that’s both practical and easy to live in. There’s a clear separation between the living area and the bedroom, which makes the space feel larger than expected. You’re welcomed by a proper foyer—something buyers always appreciate—which can easily double as a home office, dining area, or simply a well-defined entry. The living room is well-proportioned and flexible, with enough room for both a comfortable seating area and dining without feeling tight. The kitchen sits just off the foyer, tucked away from the main living space, helping keep everything organized. The bedroom is set apart and generously sized, easily accommodating a king-sized bed with room to spare, along with an oversized double closet. Multiple closets are thoughtfully placed throughout, adding to the functionality of the home. Throughout the apartment, you’ll find beautiful parquet floors that add warmth and character. The co-op is set on park-like grounds and offers multiple outdoor sitting areas, creating a peaceful setting that’s hard to come by. Residents enjoy a wait-listed garage, well-maintained laundry facilities, and an attentive staff with a live-in super. The train is just three blocks away, making commuting simple. You’re a block away from shopping, restaurants, and Paseo Park along 34th Avenue, a neighborhood favorite for morning runs, bike rides, and a more open, pedestrian-friendly feel. The maintenance of $772.47 includes electricity, gas, heat, water, and taxes. There is a bulk cable fee of $95 and an elevator assessment of $127.40. A 20% down payment and board approval are required.

14. 2026-03-27
    listed $225,000 Active 1900-char remark

    Show marketing remark (1900 chars)

    Have you been searching for an affordable, spacious, and quiet one-bedroom? This is one worth seeing. Located on what is effectively the second floor (just above the lobby) of a well-maintained co-op in strong financial standing, the apartment offers a layout that’s both practical and easy to live in. There’s a clear separation between the living area and the bedroom, which makes the space feel larger than expected. You’re welcomed by a proper foyer—something buyers always appreciate—which can easily double as a home office, dining area, or simply a well-defined entry. The living room is well-proportioned and flexible, with enough room for both a comfortable seating area and dining without feeling tight. The kitchen sits just off the foyer, tucked away from the main living space, helping keep everything organized. The bedroom is set apart and generously sized, easily accommodating a king-sized bed with room to spare, along with an oversized double closet. Multiple closets are thoughtfully placed throughout, adding to the functionality of the home. Throughout the apartment, you’ll find beautiful parquet floors that add warmth and character. The co-op is set on park-like grounds and offers multiple outdoor sitting areas, creating a peaceful setting that’s hard to come by. Residents enjoy a wait-listed garage, well-maintained laundry facilities, and an attentive staff with a live-in super. The train is just three blocks away, making commuting simple. You’re a block away from shopping, restaurants, and Paseo Park along 34th Avenue, a neighborhood favorite for morning runs, bike rides, and a more open, pedestrian-friendly feel. The maintenance of $772.47 includes electricity, gas, heat, water, and taxes. There is a bulk cable fee of $95 and an elevator assessment of $127.40. A 20% down payment and board approval are required.

ⓘ 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 · 15 d/yr by 30 yrs out
• 💨 Wind 6/10 Major 27% chance of damaging wind over 30 yrs
• 🫁 Air quality 4/10 Moderate 5 unhealthy d/yr today · 6 by 30 yrs out

Taxation est. · year 1

• Rental income: $26,409
• − Mortgage interest: −$12,603
• − Property taxes: −$3,375
• − Insurance: −$1,125
• − Repairs & maintenance: −$2,113
• − Management: −$2,113
• − Depreciation: −$6,545
• Taxable loss: −$1,465
• Est. tax savings @ 24.0%: +$352
• After-tax cash flow: $2,556/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.

Condition & rehab AI · 12 photos

Good 75/100 Cosmetic rehab

This one-bedroom condo is in good condition with cosmetic updates needed. Fresh paint and new flooring would significantly enhance its value.

Repairs flagged

• Minor kitchen cabinets — Light wear and tear
• Minor bathroom vanity — Light wear and tear

Value-add opportunities

• Both Painting throughout — Fresh paint enhances curb appeal and interior aesthetics.
• Both New flooring — New hardwood flooring would improve both resale and rental value.
• Both Landscaping improvements — Enhanced landscaping would boost curb appeal and attract more potential buyers/tenants.

Renovation cost estimate screening

Repair item	Severity	Est. cost
kitchen cabinets · Light wear and tear	Minor	$500–3,000
bathroom vanity · Light wear and tear	Minor	$500–3,000
Total estimated repair cost · 2 items		$1,000–6,000

Value-add ROI direction

• Both Painting throughout — Fresh paint enhances curb appeal and interior aesthetics. ↑
• Both New flooring — New hardwood flooring would improve both resale and rental value. ↑
• Both Landscaping improvements — Enhanced landscaping would boost curb appeal and attract more potential buyers/tenants. ↑

ⓘ Cost ranges are severity-bucket heuristics (US national rule-of-thumb). Get contractor quotes + a written scope before underwriting a rehab budget.

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): 64,756
• Household income: $78,606
• Rent vs Own: 63.3% rent · 36.7% own
• Severe rent burden: 4836.0

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: Diverse neighborhood (Simpson 0.62)
• Race & ethnicity: Hispanic / Latino 55% Asian 21% Two or more races 21% White 18% Black 1%
• Hispanic origin (detail): Mexican 11% Puerto Rican 3% Dominican 5%
• Common ancestry: Romanian 1% Scotch-Irish 1% Lithuanian 1%
• Foreign-born: 60% · Canada, Jamaica, China
• Languages at home: 24% English-only · Spanish 51% Other Indo-European 11% Russian/Polish/Slavic 4%

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: ▼ -3.57%
• Current HPI: 239.6404
• Rent YoY: ▼ -0.59%
• 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

+0.0% since first listed

2 events — show timeline

• 2026-03-27 Listed $225,000 OneKey® MLS as Distributed by MLS Grid
• 2026-03-27 Listed $225,000 RLS at REBNY