43 Calton Rd Unit 4A · New Rochelle, NY 10804

$469,000

2 bd · 2.0 ba · 1,520 sqft · Condo · 54 Days on market

Built 1928

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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 +18.9/30.0
• ARV discount +7.5/15.0
• DSCR +5.9/10.0
• Schools +5.7/10.0
• 1% rule +5.0/10.0
• Livability +3.5/5.0
• Rent growth +2.5/5.0
• Condition / age +2.5/5.0
• Appreciation +0.0/10.0

Listing remarks MLS

This stunning 2 bedroom, 2 bath apartment boasts gorgeous views and is immaculately designed. As you walk through the foyer, you are greeted by two walk-in cedar closets, large rooms that rival a house and lavish hardwood floors. The elegant, open living area is drenched in natural sunlight and boasts a grand living room and a huge formal dining room, just perfect for entertaining family and friends. Enjoy a fully remodeled kitchen with new ceramic tile floors, stainless steel appliances.

Key facts

• 32 garage spots
• Built 1928
• Listed 54 days

Property features AI

Finance

• HOA & community: Monthly additional fee for capital/reserve funds: $143.55; Building fitness center

Exterior

• Parking: Driveway; Garage available (32 garage spaces in building); On-street parking
• Utilities: Electric service by Con-Edison; Public sewer; Cable available
• Home design: Stock cooperative; 6-story building; Entry on level 4
• Construction: Brick construction
• Exterior features: Fire pit; Garden; Outdoor space; Bicycle room

Interior

• Kitchen: Dishwasher; Microwave; Refrigerator; Stainless steel appliances; Granite counters
• Bedrooms: Rooms total: 6 (includes bedrooms and living spaces)
• Flooring: Hardwood floors; Tile floors
• Bathrooms: 2 full bathrooms
• Heating & cooling: Steam heat; Wall/window air conditioning units
• Interior features: Elevator; Formal dining area; Granite counters; High ceilings; Walk-in closet(s); Common basement
• Laundry & utility: Dedicated laundry room

What this means for you Summary

Snapshot

• This is a 2-bed/2.0-bath condo listed at $469k.

Deal economics

• At list price, monthly cash flow is $478 ($6k/yr) — positive.
• The deal already cash-flows at list — no discount required.
• Meets the 1% rule at list price ($5k rent vs $469k).
• Recommended offer: $455k (3.0% below list) — sets the bar for market timing.
• Cap rate 7.5% vs local median 4.5% in New Rochelle — 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 69/100 on livability (#487 in NY) — a middle-class / working-renter tenant base. Strengths: employment A+, crime A, amenities B+; Watch: housing D+, commute F, cost of living F.
• New Rochelle City School District (suburban): math 63% / reading 66% proficiency, ranked #171 of 590 in NY (top 29%) — acceptable for families but not a draw, mixed tenant base, ~2y average lease.
• Zoned schools: William B Ward Elementary School (math 56% / reading 72%, grade B, #658 of 2,108 statewide, top 31%, 988 students, 33% FRL); Albert Leonard Middle School (math 41% / reading 73%, grade B, #192 of 729 statewide, top 28%, 1,086 students, 42% FRL); New Rochelle High School (math 87% / reading 72%, grade A-, #518 of 1,100 statewide, top 51%, 3,076 students, 57% FRL) — zoned schools at 44% FRL track the district average.
• Market conditions: 116 active listings in the ZIP; 6 comparable units currently listed for rent nearby; rentals at typical pace (median 19d on market — plan ~3-4 weeks tenant-placement turnaround); 954 units permitted in Westchester County in 2024 (649 in 5+ unit buildings).

Forward outlook

• Local home prices are declining (-3.0%/yr); year-one equity from $3k of loan paydown is wiped out by about $14k of value loss. Plan a longer hold.
• Westchester County population projected at +10% by 2050 — modest demand growth; plan on rents tracking national, not racing it.

Negotiation context

• It's been on market 54 days — a 3% lower offer ($455k) is reasonable based on typical stale-listing flexibility.
• 2 sale attempts since 17y 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 $345k; 36% above their basis — modest negotiation headroom, anchor on the comps not their cost.

Risks & watch-outs

• Watch-outs: built in 1928 — 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 $454,930 (3.0% below list)

Questions for the listing agent

1. It's been on market 54 days. Have you received any prior offers? Is the seller open to a 3% concession, seller financing, or rate buy-down credit?
2. Built in 1928 — 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. Is there a deadline driving the sale (1031 exchange, divorce, estate, relocation)? That informs how much negotiation room exists.
5. 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.
6. 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.
7. 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: 1.00% ✓
• Cap rate: 7.52%
• Cash-on-cash: 4.37%
• DSCR: 1.19
• GRM: 8.3

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: -9.5%
• Equity multiple: 0.65×
• Total profit: $-45,451
• Equity at exit: $69,929

10-year hold

• IRR: -0.0%
• Equity multiple: 1.00×
• Total profit: $-47
• Equity at exit: $40,551

Cash invested: $131,320 (down + closing). Projections, not guarantees.

Landlord ↔ Tenant lean methodology

• Overall (STATE): 15 Strongly Tenant-Friendly
• State New York: 15 Strongly Tenant-Friendly · D+10
• County: — inherits STATE
• City: — inherits STATE

NYC rent stabilization (~1M units); 2019 HSTPA strengthened tenant rights; courts deeply backlogged.

Methodology + full state rankings →

ZIP-level market 10804

• Active inventory: 116
• Price-to-rent: 8.3×

Monthly cashflow live

• Estimated rent: $4,708 high
• Mortgage (P&I): −$2,459
• Tax est. 1.5%: −$586 /mo · $7,035/yr
• Insurance: −$195
• HOA: −$0
• Vacancy / Maint / Mgmt: −$989
• Net cashflow: $478

Break-even live

Break-even rent $4,103

Max offer price $469,000

Occupancy floor 85%

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: $117,250
• Closing costs: $14,070
• Reserves months: —
• Total cash needed: —

Rent comps 6 comps

Address	Beds	Baths	Sqft	Rent	$/sqft	DOM	Units	Dist
600 North Ave New Rochelle, NY	2.0	1.0–2.0	869	$4,350	$5.01	2d	11	0.71mi
26 Coligni Ave Apt 12 New Rochelle, NY	3.0	1.0	1100	$3,950	$3.59	44d	1	0.83mi
133 Lincoln Ave Unit 1 New Rochelle, NY	3.0	1.0	1112	$6,500	$5.85	2d	1	1.04mi
10 Commerce Dr New Rochelle, NY	2.0	1.0–2.0	792	$3,812	$4.81	1d	11	1.43mi
48 Lincoln St New Rochelle, NY	2.0	1.0	1273	$3,000	$2.36	19d	1	1.48mi
175 Huguenot St #1402 New Rochelle, NY	2.0	2.5	1475	$4,750	$3.22	24d	1	1.48mi

HOA detail condo

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

Listing history 8 events

1. 2026-04-28
   status Pending
2. 2026-03-06
   listed $469,000 Active
3. 2026-02-27
   historical $469,000
4. 2014-03-15
   price $345,000 493-char remark

   Show marketing remark (493 chars)

   This stunning 2 bedroom, 2 bath apartment boasts gorgeous views and is immaculately designed. As you walk through the foyer, you are greeted by two walk-in cedar closets, large rooms that rival a house and lavish hardwood floors. The elegant, open living area is drenched in natural sunlight and boasts a grand living room and a huge formal dining room, just perfect for entertaining family and friends. Enjoy a fully remodeled kitchen with new ceramic tile floors, stainless steel appliances.

5. 2009-06-24
   historical 493-char remark

   Show marketing remark (493 chars)

   This stunning 2 bedroom, 2 bath apartment boasts gorgeous views and is immaculately designed. As you walk through the foyer, you are greeted by two walk-in cedar closets, large rooms that rival a house and lavish hardwood floors. The elegant, open living area is drenched in natural sunlight and boasts a grand living room and a huge formal dining room, just perfect for entertaining family and friends. Enjoy a fully remodeled kitchen with new ceramic tile floors, stainless steel appliances.

6. 2009-06-24
   soldstatus $345,000 Sold 493-char remark

   Show marketing remark (493 chars)

   This stunning 2 bedroom, 2 bath apartment boasts gorgeous views and is immaculately designed. As you walk through the foyer, you are greeted by two walk-in cedar closets, large rooms that rival a house and lavish hardwood floors. The elegant, open living area is drenched in natural sunlight and boasts a grand living room and a huge formal dining room, just perfect for entertaining family and friends. Enjoy a fully remodeled kitchen with new ceramic tile floors, stainless steel appliances.

7. 2009-04-18
   listed 493-char remark

   Show marketing remark (493 chars)

   This stunning 2 bedroom, 2 bath apartment boasts gorgeous views and is immaculately designed. As you walk through the foyer, you are greeted by two walk-in cedar closets, large rooms that rival a house and lavish hardwood floors. The elegant, open living area is drenched in natural sunlight and boasts a grand living room and a huge formal dining room, just perfect for entertaining family and friends. Enjoy a fully remodeled kitchen with new ceramic tile floors, stainless steel appliances.

8. 2009-03-10
   price $369,000 493-char remark

   Show marketing remark (493 chars)

   This stunning 2 bedroom, 2 bath apartment boasts gorgeous views and is immaculately designed. As you walk through the foyer, you are greeted by two walk-in cedar closets, large rooms that rival a house and lavish hardwood floors. The elegant, open living area is drenched in natural sunlight and boasts a grand living room and a huge formal dining room, just perfect for entertaining family and friends. Enjoy a fully remodeled kitchen with new ceramic tile floors, stainless steel appliances.

ⓘ 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 ≥98°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: $56,501
• − Mortgage interest: −$26,271
• − Property taxes: −$7,035
• − Insurance: −$2,345
• − Repairs & maintenance: −$4,520
• − Management: −$4,520
• − Depreciation: −$13,644
• Taxable loss: −$1,834
• Est. tax savings @ 24.0%: +$440
• After-tax cash flow: $6,182/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)

• District: New Rochelle City School District
• NCES district ID: 3620490
• Math proficiency: 63% ▲ 3.00%
• Reading proficiency: 66% ▲ 9.00%
• Median HH income: $69,165
• Composite: 56.63/100
• National rank: #1139
• State rank: #171 of 590 in NY

Livability — New Rochelle

• Score: 69/100
• State rank: #487
• US rank: #8572

Category grades

Amenities B+ Commute F Cost of living F Crime A Employment A+ Housing D+ Health & safety B+ User ratings A-

Schools grade is shown separately in the Schools card above.

Census & demographics

• Census place: New Rochelle, NY
• City population: 63,657
• Population (ZIP): 15,228

Population outlook (Westchester County) Hauer SSP2

• Today (2025): 1,028,035 people
• By 2030: 1,051,636 · +2.3%
• By 2040: 1,098,520 · +6.9%
• By 2050: 1,136,044 · +10.5%
• By 2075: 1,196,925 · +16.4%
• By 2100: 1,175,147 · +14.3%

Race, ethnicity, and origin ACS 2023

• Neighborhood character: Predominantly White (73%)
• Race & ethnicity: White 73% Black 11% Hispanic / Latino 10% Two or more races 5% Asian 3%
• Hispanic origin (detail): Mexican 1% Puerto Rican 2% Dominican 2%
• Common ancestry: Scotch-Irish 4% Romanian 3% Italian 2%
• Foreign-born: 15% · Canada, Dominican Republic, Jamaica
• Languages at home: 80% English-only · Spanish 6% Russian/Polish/Slavic 3% Other Indo-European 3%

Political lean MEDSL · Westchester

• 2024 margin: Strong D (+26.3) · D 63.1% · R 36.9%
• 2008→2024 swing: -1.3pp toward R · 2008: 27.6pp · 2024: 26.3pp
• All cycles: 2024: D+26.3 2020: D+36.3 2016: D+32.8 2012: D+22.2 2008: D+27.6

Not yet ingested

• Civics: —

Market trends

• HPI YoY: ▼ -819.58%
• Current HPI: 280.9571
• Rent YoY: —
• Metro: —
• 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

+27.1% since first listed

8 events — show timeline

• 2026-04-28 Pending — OneKey® MLS as Distributed by MLS Grid
• 2026-03-06 Listed $469,000 OneKey® MLS as Distributed by MLS Grid
• 2026-02-27 Coming Soon $469,000 OneKey® MLS as Distributed by MLS Grid
• 2014-03-15 Price Changed $345,000 HGMLS
• 2009-06-24 Delisted — HGMLS
• 2009-06-24 Sold (MLS) $345,000 HGMLS
• 2009-04-18 Listed — HGMLS
• 2009-03-10 Price Changed $369,000 HGMLS