6299 Broadway Unit C3A · New York, NY 10471

$179,000

1 bd · 1.0 ba · 700 sqft · Condo · 42 Days on market

Built 1958 Fair 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 +26.2/30.0
• DSCR +8.9/10.0
• ARV discount +7.5/15.0
• 1% rule +7.0/10.0
• Schools +5.0/10.0
• Livability +3.8/5.0
• Rent growth +2.5/5.0
• Condition / age +2.2/5.0
• Appreciation +0.0/10.0

Listing remarks MLS

Welcome to 6299 Broadway, Apt. C3A, in the heart of Riverdale. This ground floor unit, part of a quaint two-story building, is a canvas waiting for your unique design ideas. With a cozy living room, a separate windowed kitchen with dining area, a windowed bathroom, and a spacious bedroom, this one-bedroom, one-bathroom home offers the perfect blend of comfort and potential. This home is part of Riverdale Commons, a small gated complex with 41 units spread across three buildings. The complex provides residents with a common laundry room, adding a layer of convenience to your daily routine. Though parking within the complex is currently waitlisted, you'll find ample street parking readily available. Situated next to a local and express bus stop, and a few blocks away from the #1 subway, your commute will be a breeze. For those who love the outdoors, Van Cortlandt Park, with its walking trails, open park spaces, and horse-riding stables, is just across the street. For your shopping needs, the Broadway shopping area is a short distance away, offering a variety of retail options. Please note, this building maintains a no pets policy. This property is more than just a home; it's an opportunity to shape your living space, to be part of a friendly community, and to enjoy the convenience of city living with the peace of green spaces. Welcome to your potential new home at 6299 Broadway. Photos virtually staged.

Key facts

• Gated complex
• Ground floor unit
• Ample street parking

Tags

• GROUND FLOOR UNIT
• SEPARATE WINDOWED KITCHEN
• GATED COMPLEX
• AMPLE STREET PARKING
• LOCAL AND EXPRESS BUS STOP
• WALKING TRAILS

Property features AI

Finance

• HOA & community: Association: Riverdale Commons Ltd.

Exterior

• Parking: On-street parking; Parking lot (waitlist)
• Security: Gated community
• Utilities: Electricity connected (Con-Edison); Natural gas connected; Public sewer; Public water connected; Trash collection (public)
• Home design: Stock cooperative; 2 total stories; Entry level on level 1; Ground floor location
• Construction: Brick construction; Property in actual/occupied condition
• Exterior features: Brick construction; Not waterfront

Interior

• Kitchen: Gas range
• Bedrooms: 2-story residence with rooms on the ground/entry level
• Flooring: Carpet; Linoleum
• Bathrooms: 1 full bathroom
• Heating & cooling: Heating: Other; No central cooling
• Interior features: Eat-in kitchen; Original details; Porch
• Laundry & utility: Laundry room (outside)

What this means for you Summary

Snapshot

• This is a 1-bed/1.0-bath condo listed at $179k. Condition is rated fair.

Deal economics

• At list price, monthly cash flow is $392 ($5k/yr) — positive.
• The deal already cash-flows at list — no discount required.
• Meets the 1% rule at list price ($2k rent vs $179k).
• Recommended offer: $174k (3.0% below list) — sets the bar for market timing.
• Cap rate 9.4% 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.
• Zoned schools: Elm Tree Elementary School (math 27% / reading 52%, grade F, #1,444 of 2,108 statewide, top 71%, 806 students, 94% FRL); Jhs 383 Philippa Schuyler (math 32% / reading 67%, grade C, #280 of 729 statewide, top 40%, 822 students, 85% FRL); Midwood High School (math 94% / reading 96%, grade A+, #83 of 1,100 statewide, top 8%, 4,062 students, 73% FRL).
• Market conditions: 202 active listings in the ZIP; 4 comparable units currently listed for rent nearby; rentals lingering (median 46d on market — plan ~5-8 weeks vacancy on turnover, expect pricing pressure); 50% of comp listings sitting > 30 days — soft ceiling on asking rent; solid renter incomes; 6,929 units permitted in Bronx County in 2024 (6,829 in 5+ unit buildings).

Forward outlook

• Local home prices are declining (-3.0%/yr); year-one equity from $1k of loan paydown is wiped out by about $5k 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.

Negotiation context

• It's been on market 42 days — a 3% lower offer ($174k) 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: flood insurance adds $66/mo; built in 1958 — expect roof / HVAC / electrical / plumbing capex.
• Climate carrying-cost: severe flood risk; 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 $173,630 (3.0% below list)

Questions for the listing agent

1. It's been on market 42 days. Have you received any prior offers? Is the seller open to a 3% concession, seller financing, or rate buy-down credit?
2. Have any recent inspections been done? Can we get a copy of the seller's disclosures and any deferred-maintenance estimates?
3. Built in 1958 — when were the roof, HVAC, electrical panel, plumbing, and water heater last replaced?
4. What's the actual annual flood-insurance premium (NFIP or private), and is the property in a SFHA with mandatory coverage?
5. 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?
6. Is there a deadline driving the sale (1031 exchange, divorce, estate, relocation)? That informs how much negotiation room exists.
7. 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?
8. 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?
9. 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.
10. 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.
11. 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: 1.20% ✓
• Cap rate: 9.36%
• Cash-on-cash: 10.97%
• DSCR: 1.49
• GRM: 7.0

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: -2.1%
• Equity multiple: 0.92×
• Total profit: $-3,979
• Equity at exit: $26,689

10-year hold

• IRR: 7.6%
• Equity multiple: 1.58×
• Total profit: $28,964
• Equity at exit: $15,477

Cash invested: $50,120 (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 10471

• Active inventory: 202
• Price-to-rent: 7.0×

Monthly cashflow live

• Estimated rent: $2,146 medium
• Mortgage (P&I): −$939
• Tax est. 1.5%: −$224 /mo · $2,685/yr
• Insurance: −$75
• Flood insurance flood zone: −$66 /mo · $798/yr
• HOA: −$0
• Vacancy / Maint / Mgmt: −$451
• Net cashflow: $392

Break-even live

Break-even rent $1,650

Max offer price $179,000

Occupancy floor 77%

Sensitivity live

Price	-10% $515	-5% $454	+0% $392	+5% $330	+10% $268
Rent	-10% $222	-5% $307	+0% $392	+5% $477	+10% $561
Rate	-1.0pp $482	-0.5pp $437	base $392	+0.5pp $345	+1.0pp $298

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: $44,750
• Closing costs: $5,370
• Reserves months: —
• Total cash needed: —

Rent comps 4 comps

Address	Beds	Baths	Sqft	Rent	$/sqft	DOM	Units	Dist
249 McLean Ave Unit 1B Yonkers, NY	1.0	1.0	700	$2,500	$3.57	20d	1	0.98mi
36 Bruce Ave Yonkers, NY	1.0	1.0	625	$1,785	$2.86	46d	1	1.22mi
675 McLean Ave Unit 006H Yonkers, NY	1.0	1.0	577	$2,071	$3.59	7d	1	1.29mi
130 Harrison Ave Yonkers, NY	1.0	1.0	650	$1,900	$2.92	46d	1	1.38mi

HOA detail condo

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

Listing history 16 events

1. 2026-06-22
   days on market $179,000 Active 42 DOM
2. 2026-06-21
   days on market $179,000 Active 41 DOM
3. 2026-06-18
   days on market $179,000 Active 38 DOM
4. 2026-06-17
   days on market $179,000 Active 37 DOM
5. 2026-06-16
   days on market $179,000 Active 36 DOM
6. 2026-06-15
   days on market $179,000 Active 35 DOM
7. 2026-06-13
   days on market $179,000 Active 33 DOM
8. 2026-06-10
   days on market $179,000 Active 29 DOM
9. 2026-06-08
   days on market $179,000 Active 28 DOM
10. 2026-06-08
    days on market $179,000 Active 27 DOM
11. 2026-06-04
    days on market $179,000 Active 24 DOM
12. 2026-06-03
    days on market $179,000 Active 23 DOM
13. 2026-06-01
    days on market $179,000 Active 21 DOM
14. 2026-05-31
    days on market $179,000 Active 20 DOM
15. 2026-05-11
    listed $179,000 Active

    Show marketing remark (1428 chars)

    Welcome to 6299 Broadway, Apt. C3A, in the heart of Riverdale. This ground floor unit, part of a quaint two-story building, is a canvas waiting for your unique design ideas. With a cozy living room, a separate windowed kitchen with dining area, a windowed bathroom, and a spacious bedroom, this one-bedroom, one-bathroom home offers the perfect blend of comfort and potential. This home is part of Riverdale Commons, a small gated complex with 41 units spread across three buildings. The complex provides residents with a common laundry room, adding a layer of convenience to your daily routine. Though parking within the complex is currently waitlisted, you'll find ample street parking readily available. Situated next to a local and express bus stop, and a few blocks away from the #1 subway, your commute will be a breeze. For those who love the outdoors, Van Cortlandt Park, with its walking trails, open park spaces, and horse-riding stables, is just across the street. For your shopping needs, the Broadway shopping area is a short distance away, offering a variety of retail options. Please note, this building maintains a no pets policy. This property is more than just a home; it's an opportunity to shape your living space, to be part of a friendly community, and to enjoy the convenience of city living with the peace of green spaces. Welcome to your potential new home at 6299 Broadway. Photos virtually staged.

16. 2026-05-11
    listed $179,000 Active 1428-char remark

    Show marketing remark (1428 chars)

    Welcome to 6299 Broadway, Apt. C3A, in the heart of Riverdale. This ground floor unit, part of a quaint two-story building, is a canvas waiting for your unique design ideas. With a cozy living room, a separate windowed kitchen with dining area, a windowed bathroom, and a spacious bedroom, this one-bedroom, one-bathroom home offers the perfect blend of comfort and potential. This home is part of Riverdale Commons, a small gated complex with 41 units spread across three buildings. The complex provides residents with a common laundry room, adding a layer of convenience to your daily routine. Though parking within the complex is currently waitlisted, you'll find ample street parking readily available. Situated next to a local and express bus stop, and a few blocks away from the #1 subway, your commute will be a breeze. For those who love the outdoors, Van Cortlandt Park, with its walking trails, open park spaces, and horse-riding stables, is just across the street. For your shopping needs, the Broadway shopping area is a short distance away, offering a variety of retail options. Please note, this building maintains a no pets policy. This property is more than just a home; it's an opportunity to shape your living space, to be part of a friendly community, and to enjoy the convenience of city living with the peace of green spaces. Welcome to your potential new home at 6299 Broadway. Photos virtually staged.

ⓘ 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 9/10 Extreme FEMA zone X (unshaded) · 98% chance over 30 yrs
• 🔥 Wildfire 2/10 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 3/10 Moderate 3 unhealthy d/yr today · 4 by 30 yrs out

Taxation est. · year 1

• Rental income: $25,751
• − Mortgage interest: −$10,027
• − Property taxes: −$2,685
• − Insurance: −$1,692
• − Repairs & maintenance: −$2,060
• − Management: −$2,060
• − Depreciation: −$5,207
• Taxable income: $2,019
• Est. tax owed @ 24.0%: −$485
• After-tax cash flow: $4,217/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 · 17 photos

Fair 45/100 Moderate rehab

This one-bedroom townhouse requires moderate renovations to modernize the kitchen and bathroom, and update the living room carpet. The property has good curb appeal and is located in a desirable Riverdale Commons complex.

Repairs flagged

• Moderate kitchen cabinets — dated and worn
• Moderate bathroom fixtures — dated and small
• Major living room carpet — worn and outdated
• Major kitchen flooring — dated and worn

Value-add opportunities

• Both new kitchen cabinets and flooring — modernizes kitchen and adds value
• Both new bathroom fixtures and vanity — modernizes bathroom and adds value
• Both new carpet in living room — updates living room and adds value

Renovation cost estimate screening

Repair item	Severity	Est. cost
kitchen cabinets · dated and worn	Moderate	$3,000–15,000
bathroom fixtures · dated and small	Moderate	$3,000–15,000
living room carpet · worn and outdated	Major	$15,000–50,000
kitchen flooring · dated and worn	Major	$15,000–50,000
Total estimated repair cost · 4 items		$36,000–130,000

Value-add ROI direction

• Both new kitchen cabinets and flooring — modernizes kitchen and adds value ↑
• Both new bathroom fixtures and vanity — modernizes bathroom and adds value ↑
• Both new carpet in living room — updates living room and adds value ↑

ⓘ 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: Bronx County · 1,197,324 people
• City population: 7,731,280
• Metro: New York-Newark-Jersey City, NY-NJ-PA
• Population (ZIP): 23,798
• Household income: $103,046
• Rent vs Own: 40.6% rent · 59.4% own
• Severe rent burden: 553.0

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 0.62)
• Race & ethnicity: White 53% Hispanic / Latino 31% Two or more races 16% Black 7% Asian 4%
• Hispanic origin (detail): Mexican 1% Puerto Rican 8% Dominican 11%
• Common ancestry: Scotch-Irish 4% Romanian 3% Italian 2%
• Foreign-born: 20% · Canada, Jamaica, China
• Languages at home: 65% English-only · Spanish 21% Russian/Polish/Slavic 4% Other Indo-European 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: ▼ -114.80%
• Current HPI: 197.2006
• Rent YoY: —
• 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

• 2026-05-11 Listed $179,000 OneKey® MLS as Distributed by MLS Grid
• 2026-05-11 Listed $179,000 RLS at REBNY