223 Schrade Rd Unit 2C · Briarcliff Manor, NY 10510

$299,000

2 bd · 1.0 ba · 950 sqft · Condo · 32 Days on market

Built 1950

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Why this score? — see what drove the B 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 +30.0/30.0
• DSCR +10.0/10.0
• 1% rule +8.6/10.0
• Schools +8.0/10.0
• ARV discount +7.5/15.0
• 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

Welcome home to this charming and affordable 2-bedroom, 1-bath co-op located in the heart of Briarcliff Manor. This well-maintained and professionally managed unit offers an abundance of natural light and a peaceful view of a parklike green from its second-floor. Step inside to find gleaming hardwood floors and an updated kitchen featuring newer cabinetry and granite countertops — perfect for cooking and entertaining. You’ll love the convenience of this location: just minutes to fine dining, shopping, and major commuter routes. Easy access to the Taconic State Parkway, and nearby towns like Millwood, Ossining, Croton, Mount Kisco, Chappaqua, Yorktown, and White Plains. Plus, you're only 40 minutes to Grand Central via Metro-North..

Key facts

• Two closets
• Remodeled kitchen
• Stainless appliances

Tags

• OAK HARDWOOD FLOORING
• REMODELED KITCHEN
• SHAKER STYLE CABINETRY
• GRANITE COUNTERTOPS
• STAINLESS APPLIANCES
• TWO CLOSETS

Property features AI

Finance

• Other: Community sidewalks
• HOA & community: Has association (Briar Hill Owners Corp); Association provides landscaping, maintenance (including grounds), parking, snow removal and trash; Association fee includes heat and hot water; Additional monthly fuel surcharge of $53

Exterior

• Parking: Unassigned parking; No carport; No parking fee
• Utilities: Con Edison electric; Public sewer; Cable available; Natural gas connected; Public trash collection
• Home design: Stock cooperative; Walk-up building; Two-story building; Entry on level 2
• Construction: Brick and frame construction
• Exterior features: Courtyard; Exterior lighting

Interior

• Kitchen: Dishwasher; Gas cooktop; Gas oven; Refrigerator
• Bedrooms: Second floor location
• Flooring: Ceramic tile; Hardwood
• Bathrooms: 1 full bathroom
• Heating & cooling: Hot water heating; No central cooling
• Interior features: Ceiling fan(s); Entrance foyer; Granite counters; Recessed lighting
• Laundry & utility: Laundry in multiple locations; Outdoor laundry location

What this means for you Summary

Snapshot

• This is a 2-bed/1.0-bath condo listed at $299k.

Deal economics

• At list price, monthly cash flow is $1k ($14k/yr) — positive.
• The deal already cash-flows at list — no discount required.
• Meets the 1% rule at list price ($4k rent vs $299k).
• Recommended offer: $290k (3.0% below list) — sets the bar for market timing.
• Cap rate 10.9% vs local median 1.3% in Briarcliff Manor — 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 70/100 on livability (#429 in NY) — a middle-class / working-renter tenant base. Strengths: crime A+, employment A+, housing A+; Watch: amenities F, commute F, cost of living F.
• Briarcliff Manor Union Free School District (suburban): math 83% / reading 79% proficiency, ranked #22 of 590 in NY (top 4%) — strong family-tenant draw, lease renewals of 3-5y typical; only 1% free/reduced lunch — higher-income household profile.
• Zoned schools: Todd Elementary School (math 83% / reading 79%, grade A+, #173 of 2,108 statewide, top 8%, 566 students, 0% FRL); Briarcliff Middle School (math 75% / reading 79%, grade A, #41 of 729 statewide, top 6%, 294 students, 0% FRL); Briarcliff High School (math 98%, 488 students, 0% FRL) — zoned schools at 0% FRL track the district average.
• Market conditions: 65 active listings in the ZIP; 2 comparable units currently listed for rent nearby; 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 $2k of loan paydown is wiped out by about $9k 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.
• At projected returns (-3.0% appreciation + 3.0% rent growth), your $84k cash investment doubles in ~8 years — after that, you're playing with house money.

Negotiation context

• It's been on market 32 days — a 3% lower offer ($290k) is reasonable based on typical stale-listing flexibility.
• 10 sale attempts since 22y 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.

Risks & watch-outs

• Watch-outs: built in 1950 — expect roof / HVAC / electrical / plumbing capex.

Recommended offer $290,030 (3.0% below list)

Questions for the listing agent

1. It's been on market 32 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 1950 — 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. Schools are A-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?
6. 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.
7. 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.
8. 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: 1.36% ✓
• Cap rate: 10.93%
• Cash-on-cash: 16.57%
• DSCR: 1.74
• GRM: 6.1

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: 7.7%
• Equity multiple: 1.30×
• Total profit: $25,245
• Equity at exit: $44,582

10-year hold

• IRR: 17.0%
• Equity multiple: 2.40×
• Total profit: $117,048
• Equity at exit: $25,852

Cash invested: $83,720 (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 10510

• Active inventory: 65
• Price-to-rent: 6.1×

Monthly cashflow live

• Estimated rent: $4,079 medium
• Mortgage (P&I): −$1,568
• Tax est. 1.5%: −$374 /mo · $4,485/yr
• Insurance: −$125
• HOA: −$0
• Vacancy / Maint / Mgmt: −$857
• Net cashflow: $1,156

Break-even live

Break-even rent $2,616

Max offer price $299,000

Occupancy floor 67%

Sensitivity live

Price	-10% $1,363	-5% $1,259	+0% $1,156	+5% $1,053	+10% $949
Rent	-10% $834	-5% $995	+0% $1,156	+5% $1,317	+10% $1,478
Rate	-1.0pp $1,307	-0.5pp $1,232	base $1,156	+0.5pp $1,079	+1.0pp $1,000

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: $74,750
• Closing costs: $8,970
• Reserves months: —
• Total cash needed: —

Rent comps 2 comps

Address	Beds	Baths	Sqft	Rent	$/sqft	DOM	Units	Dist
55 Woodside Ave Unit 1A Briarcliff Manor, NY	2.0	2.0	800	$4,500	$5.62	44d	1	0.43mi
1123 Pleasantville Rd Unit 2C Briarcliff Manor, NY	1.0	1.0	650	$3,250	$5.00	44d	1	0.70mi

HOA detail condo

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

Listing history 37 events

1. 2026-04-22
   listed $299,000 Active 885-char remark
2. 2025-09-18
   soldstatus $265,000 Closed 754-char remark

   Show marketing remark (754 chars)

   Welcome home to this charming and affordable 2-bedroom, 1-bath co-op located in the heart of Briarcliff Manor. This well-maintained and professionally managed unit offers an abundance of natural light and a peaceful view of a parklike green from its second-floor. Step inside to find gleaming hardwood floors and an updated kitchen featuring newer cabinetry and granite countertops — perfect for cooking and entertaining. You’ll love the convenience of this location: just minutes to fine dining, shopping, and major commuter routes. Easy access to the Taconic State Parkway, and nearby towns like Millwood, Ossining, Croton, Mount Kisco, Chappaqua, Yorktown, and White Plains. Plus, you're only 40 minutes to Grand Central via Metro-North..

3. 2025-07-14
   status Pending 754-char remark

   Show marketing remark (754 chars)

   Welcome home to this charming and affordable 2-bedroom, 1-bath co-op located in the heart of Briarcliff Manor. This well-maintained and professionally managed unit offers an abundance of natural light and a peaceful view of a parklike green from its second-floor. Step inside to find gleaming hardwood floors and an updated kitchen featuring newer cabinetry and granite countertops — perfect for cooking and entertaining. You’ll love the convenience of this location: just minutes to fine dining, shopping, and major commuter routes. Easy access to the Taconic State Parkway, and nearby towns like Millwood, Ossining, Croton, Mount Kisco, Chappaqua, Yorktown, and White Plains. Plus, you're only 40 minutes to Grand Central via Metro-North..

4. 2025-06-14
   price $274,900 754-char remark

   Show marketing remark (754 chars)

   Welcome home to this charming and affordable 2-bedroom, 1-bath co-op located in the heart of Briarcliff Manor. This well-maintained and professionally managed unit offers an abundance of natural light and a peaceful view of a parklike green from its second-floor. Step inside to find gleaming hardwood floors and an updated kitchen featuring newer cabinetry and granite countertops — perfect for cooking and entertaining. You’ll love the convenience of this location: just minutes to fine dining, shopping, and major commuter routes. Easy access to the Taconic State Parkway, and nearby towns like Millwood, Ossining, Croton, Mount Kisco, Chappaqua, Yorktown, and White Plains. Plus, you're only 40 minutes to Grand Central via Metro-North..

5. 2025-05-27
   listed $289,000 Active 754-char remark

   Show marketing remark (754 chars)

   Welcome home to this charming and affordable 2-bedroom, 1-bath co-op located in the heart of Briarcliff Manor. This well-maintained and professionally managed unit offers an abundance of natural light and a peaceful view of a parklike green from its second-floor. Step inside to find gleaming hardwood floors and an updated kitchen featuring newer cabinetry and granite countertops — perfect for cooking and entertaining. You’ll love the convenience of this location: just minutes to fine dining, shopping, and major commuter routes. Easy access to the Taconic State Parkway, and nearby towns like Millwood, Ossining, Croton, Mount Kisco, Chappaqua, Yorktown, and White Plains. Plus, you're only 40 minutes to Grand Central via Metro-North..

6. 2022-12-07
   soldstatus $205,000 Closed

   Show marketing remark (644 chars)

   Who is luckier than YOU!! A beautiful 2br. 1ba., well maintained and well managed co-op in the heart of Briarcliff Manor. Lots of natural light to be found in this second story apartment that overlooks a lovely, parklike green. Hardwood floors, updated kitchen with newer cabinetry and granite countertops. A real and AFFORDABLE find in this location. It's just minutes to fine dining and shopping. and if commuting, it's a short distance to TSP, Millwood, Ossining, Croton, Mount Kisco, Chappaqua, Yorktown...AND White Plains...only 40 minutes on Metro North to GCT...Today is a Good Day!! Additional Information: HeatingFuel:Oil Above Ground,

7. 2022-07-30
   status Pending

   Show marketing remark (644 chars)

   Who is luckier than YOU!! A beautiful 2br. 1ba., well maintained and well managed co-op in the heart of Briarcliff Manor. Lots of natural light to be found in this second story apartment that overlooks a lovely, parklike green. Hardwood floors, updated kitchen with newer cabinetry and granite countertops. A real and AFFORDABLE find in this location. It's just minutes to fine dining and shopping. and if commuting, it's a short distance to TSP, Millwood, Ossining, Croton, Mount Kisco, Chappaqua, Yorktown...AND White Plains...only 40 minutes on Metro North to GCT...Today is a Good Day!! Additional Information: HeatingFuel:Oil Above Ground,

8. 2022-06-03
   price $210,000

   Show marketing remark (644 chars)

   Who is luckier than YOU!! A beautiful 2br. 1ba., well maintained and well managed co-op in the heart of Briarcliff Manor. Lots of natural light to be found in this second story apartment that overlooks a lovely, parklike green. Hardwood floors, updated kitchen with newer cabinetry and granite countertops. A real and AFFORDABLE find in this location. It's just minutes to fine dining and shopping. and if commuting, it's a short distance to TSP, Millwood, Ossining, Croton, Mount Kisco, Chappaqua, Yorktown...AND White Plains...only 40 minutes on Metro North to GCT...Today is a Good Day!! Additional Information: HeatingFuel:Oil Above Ground,

9. 2022-05-04
   listed $215,000 Active

   Show marketing remark (644 chars)

   Who is luckier than YOU!! A beautiful 2br. 1ba., well maintained and well managed co-op in the heart of Briarcliff Manor. Lots of natural light to be found in this second story apartment that overlooks a lovely, parklike green. Hardwood floors, updated kitchen with newer cabinetry and granite countertops. A real and AFFORDABLE find in this location. It's just minutes to fine dining and shopping. and if commuting, it's a short distance to TSP, Millwood, Ossining, Croton, Mount Kisco, Chappaqua, Yorktown...AND White Plains...only 40 minutes on Metro North to GCT...Today is a Good Day!! Additional Information: HeatingFuel:Oil Above Ground,

10. 2016-08-19
    soldstatus $165,000 Sold
11. 2016-08-19
    price $165,000
12. 2016-08-19
    soldstatus $165,000
13. 2016-04-28
    historical Pending
14. 2016-04-28
    price $169,900
15. 2016-03-04
    listed $169,900 Active
16. 2016-03-04
    listed $169,900
17. 2014-03-15
    price $130,000
18. 2014-01-27
    price $199,000
19. 2013-02-14
    soldstatus $130,000 Sold
20. 2013-02-14
    soldstatus $130,000
21. 2013-01-11
    historical
22. 2012-12-26
    historical Pending
23. 2012-12-26
    price $134,499
24. 2012-11-12
    price $134,499
25. 2012-09-26
    listed $139,000 Active
26. 2012-09-25
    historical Cancelled
27. 2012-09-25
    listed $134,499
28. 2012-09-25
    historical
29. 2012-08-20
    price
30. 2012-07-16
    price
31. 2012-06-14
    price
32. 2012-04-26
    price
33. 2012-01-29
    listed Active
34. 2012-01-28
    listed $139,900
35. 2005-02-09
    soldstatus $200,400
36. 2004-12-01
    historical
37. 2004-10-22
    listed $200,400

ⓘ Source: listings_history table (triggers on properties + properties_extension) + one-shot backfill from property_details.listing_events for pre-trigger history.

Taxation est. · year 1

• Rental income: $48,948
• − Mortgage interest: −$16,749
• − Property taxes: −$4,485
• − Insurance: −$1,495
• − Repairs & maintenance: −$3,916
• − Management: −$3,916
• − Depreciation: −$8,698
• Taxable income: $9,690
• Est. tax owed @ 24.0%: −$2,326
• After-tax cash flow: $11,548/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: Briarcliff Manor Union Free School District
• NCES district ID: 3605340
• Math proficiency: 83% ▼ -3.00%
• Reading proficiency: 79% ▲ 1.00%
• Median HH income: $166,052
• Composite: 79.61/100
• National rank: #56
• State rank: #22 of 590 in NY

Livability — Briarcliff Manor

• Score: 70/100
• State rank: #429
• US rank: #7434

Category grades

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

Schools grade is shown separately in the Schools card above.

Census & demographics

• Census place: Briarcliff Manor, NY
• City population: 10,027
• Population (ZIP): 10,027

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 (76%)
• Race & ethnicity: White 76% Two or more races 10% Hispanic / Latino 9% Asian 8% Black 1%
• Hispanic origin (detail): Puerto Rican 3% Cuban 2%
• Common ancestry: Romanian 6% Scotch-Irish 6% Italian 2%
• Foreign-born: 14% · Canada, China, South Korea
• Languages at home: 82% English-only · Other Indo-European 7% Spanish 4% Chinese 2%

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: ▼ -328.79%
• Current HPI: 253.8884
• 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

+49.2% since first listed

38 events — show timeline

• 2026-05-26 Pending — OneKey® MLS as Distributed by MLS Grid
• 2026-04-22 Listed $299,000 OneKey® MLS as Distributed by MLS Grid
• 2025-09-18 Sold (MLS) $265,000 OneKey® MLS as Distributed by MLS Grid
• 2025-07-14 Pending — OneKey® MLS as Distributed by MLS Grid
• 2025-06-14 Price Changed $274,900 OneKey® MLS as Distributed by MLS Grid
• 2025-05-27 Listed $289,000 OneKey® MLS as Distributed by MLS Grid
• 2022-12-07 Sold (MLS) $205,000 OneKey® MLS as Distributed by MLS Grid
• 2022-07-30 Pending — OneKey® MLS as Distributed by MLS Grid
• 2022-06-03 Price Changed $210,000 OneKey® MLS as Distributed by MLS Grid
• 2022-05-04 Listed $215,000 OneKey® MLS as Distributed by MLS Grid
• 2016-08-19 Price Changed $165,000 HGMLS
• 2016-08-19 Sold (MLS) $165,000 HGMLS
• 2016-08-19 Sold (MLS) $165,000 OneKey® MLS as Distributed by MLS Grid
• 2016-04-28 Contingent — HGMLS
• 2016-04-28 Price Changed $169,900 HGMLS
• 2016-03-04 Listed $169,900 HGMLS
• 2016-03-04 Listed $169,900 OneKey® MLS as Distributed by MLS Grid
• 2014-03-15 Price Changed $130,000 HGMLS
• 2014-01-27 Price Changed $199,000 HGMLS
• 2013-02-14 Sold (MLS) $130,000 OneKey® MLS as Distributed by MLS Grid
• 2013-02-14 Sold (MLS) $130,000 HGMLS
• 2013-01-11 Delisted — HGMLS
• 2012-12-26 Contingent — HGMLS
• 2012-12-26 Price Changed $134,499 HGMLS
• 2012-11-12 Price Changed $134,499 HGMLS
• 2012-09-26 Listed $139,000 HGMLS
• 2012-09-25 Delisted — HGMLS
• 2012-09-25 Listing Removed — OneKey® MLS as Distributed by MLS Grid
• 2012-09-25 Listed $134,499 OneKey® MLS as Distributed by MLS Grid
• 2012-08-20 Price Changed — HGMLS
• 2012-07-16 Price Changed — HGMLS
• 2012-06-14 Price Changed — HGMLS
• 2012-04-26 Price Changed — HGMLS
• 2012-01-29 Listed — HGMLS
• 2012-01-28 Listed $139,900 OneKey® MLS as Distributed by MLS Grid
• 2005-02-09 Sold (MLS) $200,400 HGMLS
• 2004-12-01 Delisted — HGMLS
• 2004-10-22 Listed $200,400 HGMLS