2199 Holland Ave Unit 5P · New York, NY 10462

$220,000

2 bd · 1.0 ba · 0 sqft · Condo public records · 63 Days on market

Built 1930

---

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 +26.1/30.0
• DSCR +8.8/10.0
• ARV discount +7.5/15.0
• 1% rule +6.9/10.0
• Schools +5.0/10.0
• Rent growth +4.9/5.0
• Livability +3.8/5.0
• Condition / age +2.5/5.0
• Appreciation +0.0/10.0

Listing remarks MLS

Why Rent When you Can Own!! This Pelham Parkway apartment is READY for YOU to move right in. Very Spacious 2 Bedroom/1 Bath co-op. The Hastings Hall Coop offers access to an elevator, laundry room, key fob entry. Located close to Everything!! Shopping on White Plains Road & Lydig Ave, #2 & #5 trains, #22, #39, #12 & Express Bus lines, Bronx Zoo, Botanical Gardens, Bronx River Pkwy, I-95, Jacobi Hospital, Albert Einstein Hospital, Fordham University, Morningside House. Additional Information: HeatingFuel:Oil Above Ground,

Key facts

• Large windows
• Secure key fob entry
• Windowed kitchen

Tags

• ORIGINAL HARDWOOD FLOORING
• LARGE WINDOWS
• WINDOWED KITCHEN
• MULTIPLE DEEP CLOSETS
• WINDOWED BATHROOM
• SECURE KEY FOB ENTRY

Property features AI

Exterior

• Parking: Assigned parking; Includes garage
• Utilities: Con-Edison electric service; Public sewer; Cable connected; Electricity connected; Natural gas connected; Phone available; Sewer connected; Water connected
• Home design: Stock cooperative; One level
• Construction: Brick construction
• Exterior features: Brick construction; Not waterfront

Interior

• Kitchen: Gas range; Refrigerator; Stainless steel appliances
• Bedrooms: Total rooms: 4; Entry level: 5
• Bathrooms: 1 full bathroom
• Heating & cooling: Radiant heating; Wall/window air conditioning unit(s)
• Interior features: Ceiling fan(s); Elevator; Pets allowed

What this means for you Summary

Snapshot

• This is a 2-bed/1.0-bath condo listed at $220k.

Deal economics

• At list price, monthly cash flow is $556 ($7k/yr) — positive.
• The deal already cash-flows at list — no discount required.
• Meets the 1% rule at list price ($3k rent vs $220k).
• Recommended offer: $207k (6.0% below list) — sets the bar for market timing.
• Cap rate 9.3% 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 rising fast (+9.4%/yr); 189 active listings in the ZIP; 9 comparable units currently listed for rent nearby; rentals at typical pace (median 25d on market — plan ~3-4 weeks tenant-placement turnaround); 6,929 units permitted in Bronx County in 2024 (6,829 in 5+ unit buildings).
• At $2,629/mo this rent would consume 52% of the median local household income ($61k/yr) (locally 7650% 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 $2k of loan paydown is wiped out by about $7k 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.
• At projected returns (-3.0% appreciation + 8.0% rent growth), your $62k cash investment doubles in ~7 years — after that, you're playing with house money.

Negotiation context

• It's been on market 63 days — a 6% lower offer ($207k) is reasonable based on typical stale-listing flexibility.
• 11 sale attempts since 13y 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 $140k; list at $220k implies a 57% 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→14/yr by 2055 (HVAC capex compounding) — expect insurance premiums to compound above CPI over the hold.

Recommended offer $206,800 (6.0% below list)

Questions for the listing agent

1. It's been on market 63 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 1930 — 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: 1.19% ✓
• Cap rate: 9.33%
• Cash-on-cash: 10.84%
• DSCR: 1.48
• GRM: 7.0

CMA / ARV

No comps found within radius.

Projected returns pro-forma

-3.0% appreciation · 8.0% rent growth · sell at horizon

5-year hold

• IRR: 5.4%
• Equity multiple: 1.22×
• Total profit: $13,718
• Equity at exit: $32,803

10-year hold

• IRR: 19.0%
• Equity multiple: 2.96×
• Total profit: $120,967
• Equity at exit: $19,022

Cash invested: $61,600 (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 10462

• Home prices YoY: -10.4%
• Rents YoY: 9.4%
• Active inventory: 189
• Price-to-rent: 7.0×

Monthly cashflow live

• Estimated rent: $2,629 high
• Mortgage (P&I): −$1,154
• Tax est. 1.5%: −$275 /mo · $3,300/yr
• Insurance: −$92
• HOA: −$0
• Vacancy / Maint / Mgmt: −$552
• Net cashflow: $556

Break-even live

Break-even rent $1,925

Max offer price $220,000

Occupancy floor 74%

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: $55,000
• Closing costs: $6,600
• Reserves months: —
• Total cash needed: —

Rent comps 9 comps

Address	Beds	Baths	Sqft	Rent	$/sqft	DOM	Units	Dist
665 Thwaites Pl Unit 4C Bronx, NY	2.0	1.0	—	$2,600	—	24d	1	0.26mi
1250 Pelham Pkwy S Unit B Bronx, NY	1.0	1.0	725	$2,850	$3.93	24d	1	0.82mi
2423 Cambreleng Ave Unit 1A-4 Bronx, NY	1.0	2.0	—	$1,550	—	18d	1	0.99mi
2311 Crotona Ave Apt 2 Bronx, NY	3.0	1.0	950	$3,350	$3.53	24d	1	1.00mi
2311 Crotona Ave Apt 1 Bronx, NY	3.0	1.0	950	$3,350	$3.53	19d	1	1.00mi
784 Garden St Unit 2 Bronx, NY	3.0	1.0	400	$3,800	$9.50	13d	1	1.04mi
775 S Oak Dr Apt 1 Bronx, NY	3.0	1.0	—	$3,500	—	24d	1	1.13mi
3071 Perry Ave Bronx, NY	1.0	1.0	—	$2,095	—	24d	1	1.37mi
3071 Perry Ave Unit 2G Bronx, NY	1.0	1.0	—	$2,000	—	24d	1	1.37mi

HOA detail condo

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

Listing history 26 events

1. 2026-05-20
   status Pending
2. 2026-03-16
   listed $220,000 Active
3. 2026-03-16
   listed $220,000 Active
4. 2018-10-02
   soldstatus $140,000 Sold 539-char remark

   Show marketing remark (539 chars)

   Why Rent When you Can Own!! This Pelham Parkway apartment is READY for YOU to move right in. Very Spacious 2 Bedroom/1 Bath co-op. The Hastings Hall Coop offers access to an elevator, laundry room, key fob entry. Located close to Everything!! Shopping on White Plains Road & Lydig Ave, #2 & #5 trains, #22, #39, #12 & Express Bus lines, Bronx Zoo, Botanical Gardens, Bronx River Pkwy, I-95, Jacobi Hospital, Albert Einstein Hospital, Fordham University, Morningside House. Additional Information: HeatingFuel:Oil Above Ground,

5. 2018-08-24
   historical Pending 539-char remark

   Show marketing remark (539 chars)

   Why Rent When you Can Own!! This Pelham Parkway apartment is READY for YOU to move right in. Very Spacious 2 Bedroom/1 Bath co-op. The Hastings Hall Coop offers access to an elevator, laundry room, key fob entry. Located close to Everything!! Shopping on White Plains Road & Lydig Ave, #2 & #5 trains, #22, #39, #12 & Express Bus lines, Bronx Zoo, Botanical Gardens, Bronx River Pkwy, I-95, Jacobi Hospital, Albert Einstein Hospital, Fordham University, Morningside House. Additional Information: HeatingFuel:Oil Above Ground,

6. 2018-07-13
   listed $140,000 Active 539-char remark

   Show marketing remark (539 chars)

   Why Rent When you Can Own!! This Pelham Parkway apartment is READY for YOU to move right in. Very Spacious 2 Bedroom/1 Bath co-op. The Hastings Hall Coop offers access to an elevator, laundry room, key fob entry. Located close to Everything!! Shopping on White Plains Road & Lydig Ave, #2 & #5 trains, #22, #39, #12 & Express Bus lines, Bronx Zoo, Botanical Gardens, Bronx River Pkwy, I-95, Jacobi Hospital, Albert Einstein Hospital, Fordham University, Morningside House. Additional Information: HeatingFuel:Oil Above Ground,

7. 2018-07-01
   historical
8. 2018-05-11
   status Active
9. 2018-03-15
   historical Pending
10. 2018-01-05
    listed $142,999 Active
11. 2017-09-02
    historical
12. 2017-05-25
    status Active
13. 2017-03-02
    historical Pending
14. 2016-09-06
    historical Expired
15. 2016-08-31
    listed $109,000 Active
16. 2016-08-06
    historical
17. 2016-06-09
    historical Pending
18. 2016-04-07
    price
19. 2016-02-06
    listed Active
20. 2016-02-06
    listed $105,000
21. 2013-09-04
    historical
22. 2013-08-28
    historical
23. 2013-07-30
    price
24. 2013-05-31
    price
25. 2013-03-04
    listed Active
26. 2013-03-04
    listed $110,000

ⓘ 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 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 · 14 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: $31,545
• − Mortgage interest: −$12,323
• − Property taxes: −$3,300
• − Insurance: −$1,100
• − Repairs & maintenance: −$2,524
• − Management: −$2,524
• − Depreciation: −$6,400
• Taxable income: $3,375
• Est. tax owed @ 24.0%: −$810
• After-tax cash flow: $5,867/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): 76,320
• Household income: $60,966
• Rent vs Own: 76.5% rent · 23.5% own
• Severe rent burden: 7650.0

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 0.70)
• Race & ethnicity: Hispanic / Latino 46% Black 22% Asian 18% White 10% Two or more races 9% Native American 1%
• Hispanic origin (detail): Mexican 4% Puerto Rican 17% Dominican 15%
• Foreign-born: 34% · Canada, China, Vietnam
• Languages at home: 39% English-only · Spanish 36% Other Indo-European 16% Arabic 3%

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: ▼ -41.59%
• Current HPI: 356.326
• Rent YoY: ▲ 9.43%
• 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

+100.0% since first listed

26 events — show timeline

• 2026-05-20 Pending — OneKey® MLS as Distributed by MLS Grid
• 2026-03-16 Listed $220,000 OneKey® MLS as Distributed by MLS Grid
• 2026-03-16 Listed $220,000 RLS at REBNY
• 2018-10-02 Sold (MLS) $140,000 OneKey® MLS as Distributed by MLS Grid
• 2018-08-24 Contingent — OneKey® MLS as Distributed by MLS Grid
• 2018-07-13 Listed $140,000 OneKey® MLS as Distributed by MLS Grid
• 2018-07-01 Listing Removed — OneKey® MLS as Distributed by MLS Grid
• 2018-05-11 Relisted — OneKey® MLS as Distributed by MLS Grid
• 2018-03-15 Contingent — OneKey® MLS as Distributed by MLS Grid
• 2018-01-05 Listed $142,999 OneKey® MLS as Distributed by MLS Grid
• 2017-09-02 Listing Removed — OneKey® MLS as Distributed by MLS Grid
• 2017-05-25 Relisted — OneKey® MLS as Distributed by MLS Grid
• 2017-03-02 Contingent — OneKey® MLS as Distributed by MLS Grid
• 2016-09-06 Delisted — HGMLS
• 2016-08-31 Listed $109,000 OneKey® MLS as Distributed by MLS Grid
• 2016-08-06 Listing Removed — OneKey® MLS as Distributed by MLS Grid
• 2016-06-09 Contingent — HGMLS
• 2016-04-07 Price Changed — HGMLS
• 2016-02-06 Listed — HGMLS
• 2016-02-06 Listed $105,000 OneKey® MLS as Distributed by MLS Grid
• 2013-09-04 Listing Removed — OneKey® MLS as Distributed by MLS Grid
• 2013-08-28 Delisted — HGMLS
• 2013-07-30 Price Changed — HGMLS
• 2013-05-31 Price Changed — HGMLS
• 2013-03-04 Listed — HGMLS
• 2013-03-04 Listed $110,000 OneKey® MLS as Distributed by MLS Grid