18-50 211 St Unit 3D · New York, NY 11360

$280,000

3 bd · 2.0 ba · 1,450 sqft · Condo · 50 Days on market

Built 1958 ↓ 16% since listing

---

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 +28.9/30.0
• DSCR +10.0/10.0
• 1% rule +8.0/10.0
• ARV discount +7.5/15.0
• Appreciation +6.6/10.0
• Schools +5.0/10.0
• Livability +3.8/5.0
• Rent growth +2.5/5.0
• Condition / age +2.5/5.0

Listing remarks

BACK ON THE MARKET!!!! LARGE 3 BEDROOMS, 2 BATHROOMS COOP APARTMENT IN BAYSIDE. THE BUILDING OFFERS A NEWLY RENOVATED LOBBY, LOBBY LEVEL LAUNDRY ROOM. UTILITIES INCLUDE IN THE MAINTENANCE. 1 PARKING SPACE CLOSE TO SHOPING CENTERS, EXPRESS BUS TO NYC, CITY BUS TO MAIN STREET, FORT TOTTEN AREA AND PARK. 2 BLOCKS FROM P. S. 169, BUSES Q28, QM2, QM32 AND EXPRESS QM20. PROPERTY TAXES AND ALL UTILITIES INCLUDED IN $2500 MAINT ALL UTILITIES INCLUDED in MAINT FEE which is $2500 per month.

Key facts

• Parking space
• Express bus to nyc
• Parking

Tags

• NEWLY RENOVATED LOBBY
• LOBBY LEVEL LAUNDRY ROOM
• PARKING SPACE
• CLOSE TO SHOPPING CENTERS
• EXPRESS BUS TO NYC
• CITY BUS TO MAIN STREET

🏢 Co-op / cooperative unit. The $280,000 price buys shares in the cooperative corporation, not the real estate itself — so it isn't comparable to a fee-simple sale price, and the cashflow / cap-rate / 1%-rule cards below (which assume you own the property and can rent it out) don't apply here. Expect board approval and a monthly maintenance fee on top of the price.

What this means for you Summary

Snapshot

• This is a 3-bed/2.0-bath condo listed at $280k.

Deal economics

• At list price, monthly cash flow is $950 ($11k/yr) — positive.
• The deal already cash-flows at list — no discount required.
• Meets the 1% rule at list price ($4k rent vs $280k).
• Recommended offer: $272k (3.0% below list) — sets the bar for market timing.
• Cap rate 10.4% 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.
• Market conditions: 222 active listings in the ZIP; 12 comparable units currently listed for rent nearby; rentals at typical pace (median 26d on market — plan ~3-4 weeks tenant-placement turnaround); solid renter incomes; 5,302 units permitted in Queens County in 2024 (4,918 in 5+ unit buildings).
• This rent runs 44% of the median local income ($99k/yr) — at the standard rent-burdened threshold; future hikes will face affordability resistance.

Forward outlook

• In year one you build about $11k of equity ($2k loan paydown + $9k appreciation (3.3% local appreciation)).
• Queens County population projected at +16% by 2050 — long-run rental-demand tailwind backs the buy-and-hold thesis.
• At projected returns (3.3% appreciation + 3.0% rent growth), your $78k cash investment doubles in ~4 years — after that, you're playing with house money.
• By year 4, paydown + projected appreciation supports a ~$37k cash-out refi (75% LTV) — recoverable capital for the next deal without selling this one.

Negotiation context

• It's been on market 50 days — a 3% lower offer ($272k) is reasonable based on typical stale-listing flexibility.
• 6 sale attempts since 3y 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 1958 — 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 $271,600 (3.0% below list)

Questions for the listing agent

1. It's been on market 50 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 1958 — 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 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: 1.30% ✓
• Cap rate: 10.36%
• Cash-on-cash: 14.54%
• DSCR: 1.65
• GRM: 6.4

CMA / ARV

No comps found within radius.

Projected returns pro-forma

3.26% appreciation · 3.0% rent growth · sell at horizon

5-year hold

• IRR: 21.7%
• Equity multiple: 2.25×
• Total profit: $98,135
• Equity at exit: $130,011

10-year hold

• IRR: 22.5%
• Equity multiple: 4.32×
• Total profit: $259,962
• Equity at exit: $203,620

Cash invested: $78,400 (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 11360

• Home prices YoY: 1.6%
• Active inventory: 222
• Price-to-rent: 6.4×

Monthly cashflow live

• Estimated rent: $3,652 high
• Mortgage (P&I): −$1,468
• Tax est. 1.5%: −$350 /mo · $4,200/yr
• Insurance: −$117
• HOA: −$0
• Vacancy / Maint / Mgmt: −$767
• Net cashflow: $950

Break-even live

Break-even rent $2,449

Max offer price $280,000

Occupancy floor 69%

Sensitivity live

Price	-10% $1,143	-5% $1,046	+0% $950	+5% $853	+10% $756
Rent	-10% $661	-5% $805	+0% $950	+5% $1,094	+10% $1,238
Rate	-1.0pp $1,091	-0.5pp $1,021	base $950	+0.5pp $877	+1.0pp $803

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: $70,000
• Closing costs: $8,400
• Reserves months: —
• Total cash needed: —

Rent comps 12 comps

Address	Beds	Baths	Sqft	Rent	$/sqft	DOM	Units	Dist
15-47 209th St #2 Flushing, NY	3.0	2.0	1250	$3,800	$3.04	26d	1	0.25mi
14-21 Bell Blvd Unit 2 Flushing, NY	3.0	2.0	1250	$3,600	$2.88	16d	1	0.48mi
27-30 Francis Lewis Blvd Unit 2nd FLOOR Flushing, NY	4.0	1.0	1100	$3,150	$2.86	14d	1	0.90mi
3321 Jordan St Flushing, NY	3.0	2.0	1080	$3,900	$3.61	26d	1	1.00mi
33-08 Francis Lewis Blvd Unit 2FL Queens, NY	3.0	1.0	1050	$3,050	$2.90	26d	1	1.06mi
208-12 39th Ave Bayside, NY	3.0	1.0	950	$3,150	$3.32	9d	1	1.25mi
36-26 192nd St #2 Flushing, NY	2.0	1.0	875	$3,000	$3.43	9d	1	1.30mi
214-16 40th Ave Unit 3rd Floor Flushing, NY	2.0	1.0	900	$2,800	$3.11	26d	1	1.34mi
40-21 Bell Blvd Ste 2 Bayside, NY	3.0	2.0	1250	$3,600	$2.88	4d	1	1.35mi
207-07 42nd Ave Unit 2 Flushing, NY	2.0	2.0	1395	$3,900	$2.80	4d	1	1.37mi
15425 13th Ave Whitestone, NY	3.0	2.5	1620	$6,000	$3.70	26d	1	1.39mi
1001 154th St Whitestone, NY	2.0	1.0	900	$3,300	$3.67	26d	1	1.50mi

HOA detail condo

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

Listing history 21 events

1. 2026-01-20
   status Pending
2. 2025-12-01
   listed $280,000 Active
3. 2025-11-21
   historical
4. 2025-11-20
   price $280,000
5. 2025-11-20
   status Active
6. 2025-11-13
   historical
7. 2025-10-20
   price $280,000
8. 2025-10-20
   status Active
9. 2025-07-25
   status Pending
10. 2025-07-11
    listed $270,000 Active
11. 2025-04-18
    historical
12. 2025-04-04
    price $260,000
13. 2024-11-29
    price $280,000
14. 2024-11-05
    listed $255,000 Active
15. 2024-10-31
    historical
16. 2024-09-12
    price $255,000
17. 2024-08-24
    price $260,000
18. 2024-08-07
    price $275,000
19. 2024-07-24
    price $299,999
20. 2024-01-22
    price $315,000
21. 2023-10-31
    listed $335,000 Active

ⓘ 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 4/10 Moderate 6 unhealthy d/yr today · 6 by 30 yrs out

Taxation est. · year 1

• Rental income: $43,818
• − Mortgage interest: −$15,684
• − Property taxes: −$4,200
• − Insurance: −$1,400
• − Repairs & maintenance: −$3,505
• − Management: −$3,505
• − Depreciation: −$8,145
• Taxable income: $7,377
• Est. tax owed @ 24.0%: −$1,771
• After-tax cash flow: $9,626/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: Queens County · 1,914,869 people
• City population: 7,731,280
• Metro: New York-Newark-Jersey City, NY-NJ-PA
• Population (ZIP): 19,469
• Household income: $98,875
• Rent vs Own: 23.6% rent · 76.4% own
• Severe rent burden: 496.0

Population outlook (Queens County) Hauer SSP2

• Today (2025): 2,546,320 people
• By 2030: 2,643,059 · +3.8%
• By 2040: 2,815,563 · +10.6%
• By 2050: 2,944,423 · +15.6%
• By 2075: 3,123,338 · +22.7%
• By 2100: 3,098,688 · +21.7%

Race, ethnicity, and origin ACS 2023

• Neighborhood character: Diverse neighborhood (Simpson 0.60)
• Race & ethnicity: White 54% Asian 29% Hispanic / Latino 12% Two or more races 6% Black 1%
• Hispanic origin (detail): Puerto Rican 3% Cuban 2% Dominican 2%
• Common ancestry: Romanian 4% Scotch-Irish 3% Estonian 1%
• Foreign-born: 33% · China, South Korea, Canada
• Languages at home: 58% English-only · Chinese 14% Other Indo-European 11% Korean 8%

Political lean MEDSL · Queens

• 2024 margin: Strong D (+24.6) · D 62.3% · R 37.7%
• 2008→2024 swing: -26.2pp toward R · 2008: 50.8pp · 2024: 24.6pp
• All cycles: 2024: D+24.6 2020: D+45.2 2016: D+53.4 2012: D+58.5 2008: D+50.8

Not yet ingested

• Civics: —

Market trends

• HPI YoY: ▲ 3.26%
• Current HPI: 204.1422
• 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

-16.4% since first listed

21 events — show timeline

• 2026-01-20 Pending — OneKey® MLS as Distributed by MLS Grid
• 2025-12-01 Listed $280,000 OneKey® MLS as Distributed by MLS Grid
• 2025-11-21 Listing Removed — OneKey® MLS as Distributed by MLS Grid
• 2025-11-20 Price Changed $280,000 OneKey® MLS as Distributed by MLS Grid
• 2025-11-20 Relisted — OneKey® MLS as Distributed by MLS Grid
• 2025-11-13 Listing Removed — OneKey® MLS as Distributed by MLS Grid
• 2025-10-20 Price Changed $280,000 OneKey® MLS as Distributed by MLS Grid
• 2025-10-20 Relisted — OneKey® MLS as Distributed by MLS Grid
• 2025-07-25 Pending — OneKey® MLS as Distributed by MLS Grid
• 2025-07-11 Listed $270,000 OneKey® MLS as Distributed by MLS Grid
• 2025-04-18 Listing Removed — OneKey® MLS as Distributed by MLS Grid
• 2025-04-04 Price Changed $260,000 OneKey® MLS as Distributed by MLS Grid
• 2024-11-29 Price Changed $280,000 OneKey® MLS as Distributed by MLS Grid
• 2024-11-05 Listed $255,000 OneKey® MLS as Distributed by MLS Grid
• 2024-10-31 Listing Removed — OneKey® MLS as Distributed by MLS Grid
• 2024-09-12 Price Changed $255,000 OneKey® MLS as Distributed by MLS Grid
• 2024-08-24 Price Changed $260,000 OneKey® MLS as Distributed by MLS Grid
• 2024-08-07 Price Changed $275,000 OneKey® MLS as Distributed by MLS Grid
• 2024-07-24 Price Changed $299,999 OneKey® MLS as Distributed by MLS Grid
• 2024-01-22 Price Changed $315,000 OneKey® MLS as Distributed by MLS Grid
• 2023-10-31 Listed $335,000 OneKey® MLS as Distributed by MLS Grid