800 Grand Concourse Unit 2BS · New York, NY 10451

$199,000

1 bd · 1.0 ba · 750 sqft · Condo · 163 Days on market

Built 1954

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Why this score? — see what drove the D+ 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).

• 1% rule +10.0/10.0
• Cash flow +7.6/30.0
• ARV discount +7.5/15.0
• Appreciation +5.3/10.0
• Schools +5.0/10.0
• Livability +3.8/5.0
• Rent growth +3.1/5.0
• Condition / age +2.5/5.0
• DSCR +1.7/10.0

Listing remarks MLS

* * SELLER NOW OFFERING 6-MONTH MAINTENANCE CONCESSION AT CLOSING! Welcome to the best-priced fully renovated, convertible 1-bedroom in one of the Concourse neighborhood’s only full-service co-op buildings. This is a fantastic opportunity to become a homeowner in a rapidly growing section of the South Bronx. The unit is move-in ready thanks to a number of upgrades including a gut-renovated bathroom and refinished floors (both done within the last year), and an updated kitchen and electrical panel. In the kitchen you’ll find stainless steel appliances, and future homeowners have the option to add a dishwasher if desired. What makes this home an incredible value is the expansive and flexible floor plan that allows you to reconfigure the dining space into a second bedroom or home office and still have enough room for a living and dining arrangement. Other shareholders in the building with similar layouts have closed off their dining area with double french pocket doors or a sliding interior barn door so the space can be used as a separate room but still maintain a free-flowing feel. Storage is plentiful in this apartment, with two large closets, one at the front entrance and the other in the hall to the master bedroom, and a smaller linen closet outside the kitchen to conveniently tuck away sheets, towels, and cleaning supplies. The unit’s generous size allows for an additional closet to be built into the front foyer, or even along the wall of the king-sized bedroom, if needed. Unit 2BS has arguably the best location in the building; it is positioned 2 floors off ground level and sits about halfway down the building’s front courtyard, which gives it the benefits of garden views, privacy, and minimal street noise while still overlooking the Grand Concourse from the corner windows. The northwestern direction of the windows provides a flood of light throughout the bedroom, dining, and living rooms from midday until sunset. Recently completed building projects include fresh painting in all hallways, local law 11 facade work, and a brand new roof. 800 Grand Concourse is a 24/7 doorman, pet-friendly building, fully serviced by maintenance staff daily. It has two laundry rooms, on-site storage (waitlist currently + monthly fee), and connected garage (no waitlist + $230/month fee for residents). Directly across from the building you’ll find Franz Sigel Park, which has the neighborhood’s only dog run, as well as the BxM4 bus stop that takes you directly into Midtown Manhattan. An additional 7-minute walk will get you to the B, D, and 4 trains for a 20-minute subway ride into Midtown and Grand Central. Other walking-distance neighborhood highlights include Yankee Stadium, Bronx Terminal Market (big box retailers and Boogie Down Food Hall), Bronx Supreme Court, Starbucks, Dunkin, Food Bazaar, Key Foods, Regal Cinemas, and a seasonal farmer’s market that takes place on Tuesdays outside Joyce Kilmer Park.

Key facts

• Fully renovated
• Refinished floors
• Expansive floor plan

Tags

• FULLY RENOVATED
• GUT RENOVATED BATHROOM
• REFINISHED FLOORS
• UPDATED KITCHEN
• EXPANSIVE FLOOR PLAN
• FLEXIBLE FLOOR PLAN

Property features AI

Exterior

• Parking: Garage with valet; 113 garage spaces
• Utilities: Public sewer; Cable connected; Electricity connected; Phone connected; Sewer connected; Water connected
• Home design: Stock cooperative
• Construction: Brick construction
• Exterior features: Brick construction; Not waterfront

Interior

• Kitchen: Gas oven; Refrigerator
• Bedrooms: Entry level: 2
• Flooring: Hardwood floors
• Bathrooms: 1 full bathroom
• Heating & cooling: Wall/window air conditioning units; Other heating
• Interior features: Entrance foyer; Formal dining area; Pets allowed

What this means for you Summary

Snapshot

• This is a 1-bed/1.0-bath condo listed at $199k.

Deal economics

• At list price, monthly cash flow is $-236 ($-3k/yr) — negative.
• The deal already cash-flows at list — no discount required.
• Meets the 1% rule at list price ($3k rent vs $199k).
• Recommended offer: $175k (12.0% below list) — sets the bar for market timing.
• Cap rate 4.9% 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 (+2.6%/yr); 69 active listings in the ZIP; 3 comparable units currently listed for rent nearby; rentals leasing fast (median 12d on market — plan ~1-2 weeks tenant-placement turnaround); lower-income renter base — watch delinquency; 6,929 units permitted in Bronx County in 2024 (6,829 in 5+ unit buildings).
• At $3,156/mo this rent would consume 98% of the median local household income ($39k/yr) (locally 6917% 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 $3k of equity ($1k loan paydown + $1k appreciation (0.7% local appreciation)).
• 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 163 days — a 12% lower offer ($175k) is reasonable based on typical stale-listing flexibility.
• 6 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.

Risks & watch-outs

• Watch-outs: HOA is 43% of rent; built in 1954 — expect roof / HVAC / electrical / plumbing capex.
• Climate carrying-cost: moderate flood risk; 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 $175,120 (12.0% below list)

Questions for the listing agent

1. What do current leases actually rent for vs. the listed asking? Can we see a recent rent roll and the last 12 months of T-12 income?
2. It's been on market 163 days. Have you received any prior offers? Is the seller open to a 12% concession, seller financing, or rate buy-down credit?
3. Built in 1954 — when were the roof, HVAC, electrical panel, plumbing, and water heater last replaced?
4. What does the HOA fee cover, when was the last increase, and are there any pending special assessments or reserve-fund shortfalls?
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. Why hasn't it sold? Are there any deal-killer items the seller is aware of (foundation, flood, title, zoning, code violations)?
7. Is there a deadline driving the sale (1031 exchange, divorce, estate, relocation)? That informs how much negotiation room exists.
8. 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?
9. 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?
10. The area grade is low — what's the realistic commute time and amenity access for the typical tenant pool here? Any planned neighborhood developments (good or bad) we should know about?
11. 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.
12. 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.
13. 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: 1.59% ✓
• Cap rate: 4.87%
• Cash-on-cash: -5.08%
• DSCR: 0.77
• GRM: 5.3

CMA / ARV

No comps found within radius.

Projected returns pro-forma

0.67% appreciation · 2.57% rent growth · sell at horizon

5-year hold

• IRR: -5.5%
• Equity multiple: 0.73×
• Total profit: $-14,996
• Equity at exit: $64,508

10-year hold

• IRR: -0.1%
• Equity multiple: 0.98×
• Total profit: $-893
• Equity at exit: $83,135

Cash invested: $55,720 (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 10451

• Home prices YoY: 0.7%
• Rents YoY: 2.6%
• Active inventory: 69
• Price-to-rent: 5.3×

Monthly cashflow live

• Estimated rent: $3,156 medium
• Mortgage (P&I): −$1,044
• Tax est. 1.5%: −$249 /mo · $2,985/yr
• Insurance: −$83
• HOA est. from 1 same-building comp: −$1,354
• Vacancy / Maint / Mgmt: −$663
• Net cashflow: $-236

Break-even live

Break-even rent $3,455

Max offer price $164,884

Occupancy floor —

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: $49,750
• Closing costs: $5,970
• Reserves months: —
• Total cash needed: —

Rent comps 3 comps

Address	Beds	Baths	Sqft	Rent	$/sqft	DOM	Units	Dist
2413 3rd Ave Bronx, NY	1.0–3.0	1.0–2.0	857	$2,900	$3.38	11d	23	1.21mi
5 Lincoln Ave Bronx, NY	1.0–3.0	1.0–2.5	1011	$2,856	$2.82	2d	183	1.28mi
132 W 134th St New York, NY	2.0	1.0	750	$4,500	$6.00	24d	1	1.31mi

HOA detail condo

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

Listing history 25 events

1. 2026-06-18
   days on market $199,000 Active 163 DOM
2. 2026-06-17
   days on market $199,000 Active 162 DOM
3. 2026-06-15
   days on market $199,000 Active 160 DOM
4. 2026-06-13
   days on market $199,000 Active 158 DOM
5. 2026-06-10
   days on market $199,000 Active 154 DOM
6. 2026-06-08
   days on market $199,000 Active 153 DOM
7. 2026-06-04
   days on market $199,000 Active 149 DOM
8. 2026-06-03
   days on market $199,000 Active 148 DOM
9. 2026-06-01
   days on market $199,000 Active 146 DOM
10. 2026-05-31
    days on market $199,000 Active 145 DOM
11. 2026-04-06
    price $199,000

    Show marketing remark (2986 chars)

    * * SELLER NOW OFFERING 6-MONTH MAINTENANCE CONCESSION AT CLOSING! Welcome to the best-priced fully renovated, convertible 1-bedroom in one of the Concourse neighborhood’s only full-service co-op buildings. This is a fantastic opportunity to become a homeowner in a rapidly growing section of the South Bronx. The unit is move-in ready thanks to a number of upgrades including a gut-renovated bathroom and refinished floors (both done within the last year), and an updated kitchen and electrical panel. In the kitchen you’ll find stainless steel appliances, and future homeowners have the option to add a dishwasher if desired. What makes this home an incredible value is the expansive and flexible floor plan that allows you to reconfigure the dining space into a second bedroom or home office and still have enough room for a living and dining arrangement. Other shareholders in the building with similar layouts have closed off their dining area with double french pocket doors or a sliding interior barn door so the space can be used as a separate room but still maintain a free-flowing feel. Storage is plentiful in this apartment, with two large closets, one at the front entrance and the other in the hall to the master bedroom, and a smaller linen closet outside the kitchen to conveniently tuck away sheets, towels, and cleaning supplies. The unit’s generous size allows for an additional closet to be built into the front foyer, or even along the wall of the king-sized bedroom, if needed. Unit 2BS has arguably the best location in the building; it is positioned 2 floors off ground level and sits about halfway down the building’s front courtyard, which gives it the benefits of garden views, privacy, and minimal street noise while still overlooking the Grand Concourse from the corner windows. The northwestern direction of the windows provides a flood of light throughout the bedroom, dining, and living rooms from midday until sunset. Recently completed building projects include fresh painting in all hallways, local law 11 facade work, and a brand new roof. 800 Grand Concourse is a 24/7 doorman, pet-friendly building, fully serviced by maintenance staff daily. It has two laundry rooms, on-site storage (waitlist currently + monthly fee), and connected garage (no waitlist + $230/month fee for residents). Directly across from the building you’ll find Franz Sigel Park, which has the neighborhood’s only dog run, as well as the BxM4 bus stop that takes you directly into Midtown Manhattan. An additional 7-minute walk will get you to the B, D, and 4 trains for a 20-minute subway ride into Midtown and Grand Central. Other walking-distance neighborhood highlights include Yankee Stadium, Bronx Terminal Market (big box retailers and Boogie Down Food Hall), Bronx Supreme Court, Starbucks, Dunkin, Food Bazaar, Key Foods, Regal Cinemas, and a seasonal farmer’s market that takes place on Tuesdays outside Joyce Kilmer Park.

12. 2026-04-06
    price $199,000 2986-char remark

    Show marketing remark (2986 chars)

    * * SELLER NOW OFFERING 6-MONTH MAINTENANCE CONCESSION AT CLOSING! Welcome to the best-priced fully renovated, convertible 1-bedroom in one of the Concourse neighborhood’s only full-service co-op buildings. This is a fantastic opportunity to become a homeowner in a rapidly growing section of the South Bronx. The unit is move-in ready thanks to a number of upgrades including a gut-renovated bathroom and refinished floors (both done within the last year), and an updated kitchen and electrical panel. In the kitchen you’ll find stainless steel appliances, and future homeowners have the option to add a dishwasher if desired. What makes this home an incredible value is the expansive and flexible floor plan that allows you to reconfigure the dining space into a second bedroom or home office and still have enough room for a living and dining arrangement. Other shareholders in the building with similar layouts have closed off their dining area with double french pocket doors or a sliding interior barn door so the space can be used as a separate room but still maintain a free-flowing feel. Storage is plentiful in this apartment, with two large closets, one at the front entrance and the other in the hall to the master bedroom, and a smaller linen closet outside the kitchen to conveniently tuck away sheets, towels, and cleaning supplies. The unit’s generous size allows for an additional closet to be built into the front foyer, or even along the wall of the king-sized bedroom, if needed. Unit 2BS has arguably the best location in the building; it is positioned 2 floors off ground level and sits about halfway down the building’s front courtyard, which gives it the benefits of garden views, privacy, and minimal street noise while still overlooking the Grand Concourse from the corner windows. The northwestern direction of the windows provides a flood of light throughout the bedroom, dining, and living rooms from midday until sunset. Recently completed building projects include fresh painting in all hallways, local law 11 facade work, and a brand new roof. 800 Grand Concourse is a 24/7 doorman, pet-friendly building, fully serviced by maintenance staff daily. It has two laundry rooms, on-site storage (waitlist currently + monthly fee), and connected garage (no waitlist + $230/month fee for residents). Directly across from the building you’ll find Franz Sigel Park, which has the neighborhood’s only dog run, as well as the BxM4 bus stop that takes you directly into Midtown Manhattan. An additional 7-minute walk will get you to the B, D, and 4 trains for a 20-minute subway ride into Midtown and Grand Central. Other walking-distance neighborhood highlights include Yankee Stadium, Bronx Terminal Market (big box retailers and Boogie Down Food Hall), Bronx Supreme Court, Starbucks, Dunkin, Food Bazaar, Key Foods, Regal Cinemas, and a seasonal farmer’s market that takes place on Tuesdays outside Joyce Kilmer Park.

13. 2026-01-06
    listed $209,000 Active
14. 2025-10-16
    listed $209,000 Active 2986-char remark

    Show marketing remark (2986 chars)

    * * SELLER NOW OFFERING 6-MONTH MAINTENANCE CONCESSION AT CLOSING! Welcome to the best-priced fully renovated, convertible 1-bedroom in one of the Concourse neighborhood’s only full-service co-op buildings. This is a fantastic opportunity to become a homeowner in a rapidly growing section of the South Bronx. The unit is move-in ready thanks to a number of upgrades including a gut-renovated bathroom and refinished floors (both done within the last year), and an updated kitchen and electrical panel. In the kitchen you’ll find stainless steel appliances, and future homeowners have the option to add a dishwasher if desired. What makes this home an incredible value is the expansive and flexible floor plan that allows you to reconfigure the dining space into a second bedroom or home office and still have enough room for a living and dining arrangement. Other shareholders in the building with similar layouts have closed off their dining area with double french pocket doors or a sliding interior barn door so the space can be used as a separate room but still maintain a free-flowing feel. Storage is plentiful in this apartment, with two large closets, one at the front entrance and the other in the hall to the master bedroom, and a smaller linen closet outside the kitchen to conveniently tuck away sheets, towels, and cleaning supplies. The unit’s generous size allows for an additional closet to be built into the front foyer, or even along the wall of the king-sized bedroom, if needed. Unit 2BS has arguably the best location in the building; it is positioned 2 floors off ground level and sits about halfway down the building’s front courtyard, which gives it the benefits of garden views, privacy, and minimal street noise while still overlooking the Grand Concourse from the corner windows. The northwestern direction of the windows provides a flood of light throughout the bedroom, dining, and living rooms from midday until sunset. Recently completed building projects include fresh painting in all hallways, local law 11 facade work, and a brand new roof. 800 Grand Concourse is a 24/7 doorman, pet-friendly building, fully serviced by maintenance staff daily. It has two laundry rooms, on-site storage (waitlist currently + monthly fee), and connected garage (no waitlist + $230/month fee for residents). Directly across from the building you’ll find Franz Sigel Park, which has the neighborhood’s only dog run, as well as the BxM4 bus stop that takes you directly into Midtown Manhattan. An additional 7-minute walk will get you to the B, D, and 4 trains for a 20-minute subway ride into Midtown and Grand Central. Other walking-distance neighborhood highlights include Yankee Stadium, Bronx Terminal Market (big box retailers and Boogie Down Food Hall), Bronx Supreme Court, Starbucks, Dunkin, Food Bazaar, Key Foods, Regal Cinemas, and a seasonal farmer’s market that takes place on Tuesdays outside Joyce Kilmer Park.

15. 2025-09-01
    historical
16. 2025-08-15
    price $225,000
17. 2025-05-16
    status Active
18. 2025-05-16
    historical
19. 2025-03-09
    price $259,000
20. 2025-03-09
    price $259,000
21. 2024-11-15
    listed $265,000 Active
22. 2013-10-19
    soldstatus
23. 2013-10-18
    soldstatus
24. 2013-02-25
    listed $159,000
25. 2013-02-25
    listed $159,000

ⓘ 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 5/10 Major FEMA zone X (unshaded) · 14% 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 4/10 Moderate 5 unhealthy d/yr today · 6 by 30 yrs out

Taxation est. · year 1

• Rental income: $37,876
• − Mortgage interest: −$11,147
• − Property taxes: −$2,985
• − Insurance: −$995
• − Repairs & maintenance: −$3,030
• − Management: −$3,030
• − HOA: −$16,248
• − Depreciation: −$5,789
• Taxable loss: −$5,349
• Est. tax savings @ 24.0%: +$1,284
• After-tax cash flow: $-1,546/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): 50,942
• Household income: $38,770
• Rent vs Own: 86.4% rent · 13.6% own
• Severe rent burden: 6917.0

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 0.58)
• Race & ethnicity: Hispanic / Latino 51% Black 40% Two or more races 12% White 6% Asian 1%
• Hispanic origin (detail): Mexican 3% Puerto Rican 14% Dominican 24%
• Common ancestry: Scotch-Irish 1%
• Foreign-born: 29% · Canada, United Kingdom, China
• Languages at home: 46% English-only · Spanish 42% French/Haitian/Cajun 3% Arabic 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: ▲ 0.67%
• Current HPI: 102.1498
• Rent YoY: ▲ 2.57%
• 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

+25.2% since first listed

15 events — show timeline

• 2026-04-06 Price Changed $199,000 OneKey® MLS as Distributed by MLS Grid
• 2026-04-06 Price Changed $199,000 RLS at REBNY
• 2026-01-06 Listed $209,000 OneKey® MLS as Distributed by MLS Grid
• 2025-10-16 Listed $209,000 RLS at REBNY
• 2025-09-01 Listing Removed — OneKey® MLS as Distributed by MLS Grid
• 2025-08-15 Price Changed $225,000 OneKey® MLS as Distributed by MLS Grid
• 2025-05-16 Relisted — OneKey® MLS as Distributed by MLS Grid
• 2025-05-16 Listing Removed — OneKey® MLS as Distributed by MLS Grid
• 2025-03-09 Price Changed $259,000 OneKey® MLS as Distributed by MLS Grid
• 2025-03-09 Price Changed $259,000 RLS at REBNY
• 2024-11-15 Listed $265,000 OneKey® MLS as Distributed by MLS Grid
• 2013-10-19 Sold (MLS) — RLS at REBNY
• 2013-10-18 Sold (MLS) — RLS at REBNY
• 2013-02-25 Listed $159,000 RLS at REBNY
• 2013-02-25 Listed $159,000 RLS at REBNY