2257 Hampden Pl · New York, NY 10468

$999,999

8 bd · 3.0 ba · 2,740 sqft · MultiFamily public records · 10 Days on market

Built 1910 2,399 sqft lot Est $1121k · 11% under

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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 +20.7/30.0
• ARV discount +12.3/15.0
• DSCR +6.6/10.0
• Appreciation +5.3/10.0
• Schools +5.0/10.0
• 1% rule +4.3/10.0
• Rent growth +4.2/5.0
• Livability +3.8/5.0
• Condition / age +2.5/5.0

Multi-family units

County records classify this as Multi-Family (2-4 Unit). Listing-text estimate: 2 units. confirmed

Listing remarks

Welcome to 2257 Hampden Place, Bronx, NY — a spacious and versatile duplex residence offering a rare opportunity for both end-users and investors. This well-maintained property is thoughtfully configured with two distinct living units, encompassing a total of 8 bedrooms and 3 bathrooms, and delivers exceptional flexibility along with strong income-producing potential. The primary unit features an expansive 5-bedroom, 2-bathroom layout, designed to accommodate comfortable, modern living. The interior showcases a well-balanced floor plan with generously proportioned rooms, allowing for both functionality and ease of movement throughout the space. Natural light fills the home, enhancing

Key facts

• 2,399 sq ft lot
• Garage
• Built 1910

Property features AI

Exterior

• Parking: Driveway; Garage with door opener; 1 garage space
• Utilities: Public sewer; Electricity connected; Natural gas connected; Trash collection (public)
• Home design: Duplex
• Construction: Brick construction
• Exterior features: Brick exterior; Not waterfront

Interior

• Bedrooms: One 3-bedroom unit; One 4-bedroom unit
• Bathrooms: Three full bathrooms
• Heating & cooling: Central air; Wall/window unit(s); Natural gas heating; Other heating
• Interior features: Basement present (see remarks); Other interior features

What this means for you Summary

Snapshot

• This is a 2 × 4-bed/1.5-bath units multifamily listed at $1000k.

Deal economics

• At list price, monthly cash flow is $1k ($16k/yr) — positive. Per door: $673/mo.
• The deal already cash-flows at list — no discount required.
• To meet the 1% rule (rent ≥ 1% of price), the offer needs to be $934k (6.6% below list).
• Recommended offer: $934k (6.6% below list) — sets the bar for 1% rule.
• Cap rate 7.9% 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 (+6.7%/yr); 122 active listings in the ZIP; 6,929 units permitted in Bronx County in 2024 (6,829 in 5+ unit buildings).
• At $9,344/mo this rent would consume 243% of the median local household income ($46k/yr) (locally 9659% of renters already pay >50% of income on rent) — very limited rent-growth headroom before tenants either downsize or default.

Forward outlook

• In year one you build about $12k of equity ($7k loan paydown + $5k appreciation (0.5% local appreciation)).
• Bronx County population projected at +21% by 2050 — long-run rental-demand tailwind backs the buy-and-hold thesis.
• At projected returns (0.5% appreciation + 6.7% rent growth), your $280k cash investment doubles in ~7 years — after that, you're playing with house money.
• By year 5, paydown + projected appreciation supports a ~$59k cash-out refi (75% LTV) — recoverable capital for the next deal without selling this one.

Negotiation context

• Only 10 days on market — expect competitive offers; lowballing is unlikely to land.
• 3 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.
• Current owner paid $505k; list at $1000k implies a 98% gain — meaningful room to come down on a strong offer.

Risks & watch-outs

• Watch-outs: built in 1910 — 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 $934,400 (6.6% below list)

Questions for the listing agent

1. Can we see the unit-by-unit rent roll, current vacancy, and any below-market leases? What's the average tenancy length?
2. What capital expenditures (roof, boiler, parking lot, exteriors) have been made in the last 5 years, and what's planned in the next 2?
3. Built in 1910 — when were the roof, HVAC, electrical panel, plumbing, and water heater last replaced?
4. Is there a deadline driving the sale (1031 exchange, divorce, estate, relocation)? That informs how much negotiation room exists.
5. 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?
6. 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?
7. 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.
8. 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.
9. 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: 0.93% ✗
• Cap rate: 7.91%
• Cash-on-cash: 5.77%
• DSCR: 1.26
• GRM: 8.9

CMA / ARV

• ARV (on-the-fly): $1,120,660
• Comps found: 2

Show comp detail 2 sales within ~0.75 mi

Address	Dist	Beds/Ba	Sqft	Sold	Price	$/sf	Match
2257 Hampden Pl	0.00mi	8/3.0	2,740 (0%)	0mo	$1,120,000	$409	100
2301 Loring Pl N	0.16mi	7/4.0 (-1)	3,072 (+12%)	16mo	$975,000	$317	50

Match score weights: distance 35% · size 25% · config 20% · recency 20%. Top-matched comps best support the ARV.

Projected returns pro-forma

0.5% appreciation · 6.7% rent growth · sell at horizon

5-year hold

• IRR: 8.2%
• Equity multiple: 1.41×
• Total profit: $116,119
• Equity at exit: $315,809

10-year hold

• IRR: 14.9%
• Equity multiple: 2.89×
• Total profit: $528,529
• Equity at exit: $400,564

Cash invested: $280,000 (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 10468

• Home prices YoY: 0.2%
• Rents YoY: 6.7%
• Active inventory: 122
• Price-to-rent: 17.8×

Monthly cashflow live

• Estimated rent: $9,344 medium
• Mortgage (P&I): −$5,244
• Tax from tax record: −$374 /mo · $4,490/yr
• Insurance: −$417
• HOA: −$0
• Vacancy / Maint / Mgmt: −$1,962
• Net cashflow: $1,347

Break-even live

Break-even rent $7,639

Max offer price $999,999

Occupancy floor 81%

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

Units	Beds	Baths	Est. rent
▸ 2× units	4	1.5	$9,344
Total (2 units)			$9,344

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: $250,000
• Closing costs: $30,000
• Reserves months: —
• Total cash needed: —

Listing history 14 events

1. 2026-05-04
   status Pending
2. 2026-04-24
   listed $999,999 Active
3. 2026-04-23
   historical $999,999
4. 2026-04-22
   historical
5. 2026-03-20
   listed $999,999 Active
6. 2026-03-18
   historical
7. 2026-03-18
   historical
8. 2026-03-17
   historical
9. 2026-03-16
   historical
10. 2026-03-05
    listed $1,149,999 Active
11. 2025-12-08
    soldstatus $505,000
12. 1998-12-15
    soldstatus $145,000
13. 1991-12-20
    soldstatus $100,000
14. 1986-02-21
    soldstatus $42,000

ⓘ 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: $4,490 · $374/mo
• Projected year-2 tax: $10,695 · $891/mo
• Expected delta: +$6,205/yr (+$517/mo · 138.2%)

ⓘ 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 · 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: $112,128
• − Mortgage interest: −$56,015
• − Property taxes: −$4,490
• − Insurance: −$5,000
• − Repairs & maintenance: −$8,970
• − Management: −$8,970
• − Depreciation: −$29,091
• Taxable loss: −$409
• Est. tax savings @ 24.0%: +$98
• After-tax cash flow: $16,260/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): 75,557
• Household income: $46,233
• Rent vs Own: 91.5% rent · 8.5% own
• Severe rent burden: 9659.0

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: Predominantly Hispanic (76%)
• Race & ethnicity: Hispanic / Latino 76% Black 17% Two or more races 15% White 3% Asian 2% Native American 2%
• Hispanic origin (detail): Mexican 10% Puerto Rican 11% Dominican 45%
• Common ancestry: Hispanic 1%
• Foreign-born: 46% · Canada, Vietnam, Jamaica
• Languages at home: 22% English-only · Spanish 69% 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: ▲ 0.50%
• Current HPI: 249.8923
• Rent YoY: ▲ 6.70%
• 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

+2280.9% since first listed

14 events — show timeline

• 2026-05-04 Pending — OneKey® MLS as Distributed by MLS Grid
• 2026-04-24 Listed $999,999 OneKey® MLS as Distributed by MLS Grid
• 2026-04-23 Coming Soon $999,999 OneKey® MLS as Distributed by MLS Grid
• 2026-04-22 Listing Removed — OneKey® MLS as Distributed by MLS Grid
• 2026-03-20 Listed $999,999 OneKey® MLS as Distributed by MLS Grid
• 2026-03-18 Coming Soon — OneKey® MLS as Distributed by MLS Grid
• 2026-03-18 Listing Removed — OneKey® MLS as Distributed by MLS Grid
• 2026-03-17 Coming Soon — OneKey® MLS as Distributed by MLS Grid
• 2026-03-16 Listing Removed — OneKey® MLS as Distributed by MLS Grid
• 2026-03-05 Listed $1,149,999 OneKey® MLS as Distributed by MLS Grid
• 2025-12-08 Sold (Public Records) $505,000 Public Records
• 1998-12-15 Sold (Public Records) $145,000 Public Records
• 1991-12-20 Sold (Public Records) $100,000 Public Records
• 1986-02-21 Sold (Public Records) $42,000 Public Records

Property tax history

+5.7%/yr

Latest (2025): $4,490 · +0.8% YoY. Source: county tax records.