80-35 Springfield Blvd Unit 4F · New York, NY 11364

$250,000

1 bd · 1.0 ba · 950 sqft · Condo · 197 Days on market

Built 1956 ↓ 16% since listing

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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 +18.2/30.0
• ARV discount +7.5/15.0
• DSCR +5.7/10.0
• Schools +5.0/10.0
• 1% rule +4.9/10.0
• Rent growth +4.6/5.0
• Livability +3.8/5.0
• Condition / age +2.5/5.0
• Appreciation +0.0/10.0

Listing remarks MLS

Watch Our Video MINT.."Turnkey" Cambridge Hall Junior 4 - Spacious Apt. Offering Renovated Kitchen & Bath (Window in Both) - This Well Designed Unit Offers Many Options To Arrange Your Living Space..Beautiful Wood Floors-.. L-shaped Living Room..Use As Dining Area or Create Den/Office.Closets Galore Wherever You Turn...Kitchen features Wood Cabinets,Quartz Counter Top.. Bosch Dishwasher.. ..Bath Is Recently Tiled W/ New Cabinet & Vessel Sink.Lg. Bedroom..This complex Offers Pking, Pool, Barbecue Area, Storage, W/D..Transfer Tax Upon Selling 10.00 per share..223 Shares..Convenient To All Shopping & Buses. One Block To Express Bus to Manhattan...SD# 26., Additional information: Appearance:Excellent,Interior Features:Efficiency Kitchen

Key facts

• Near alley pond park
• 1 bedroom plus den
• Garage

Tags

• MASSIVE WALK-IN CLOSET
• 1 BEDROOM PLUS DEN
• UPGRADED WINDOWED KITCHEN
• COMMUNITY SWIMMING POOL
• PRIVATE OUTDOOR PARKING
• NEAR ALLEY POND PARK

Property features AI

Finance

• HOA & community: Has association (AKAM ASSOCIATES, INC.); Association amenities include elevator(s), live-in superintendent, maintenance and grounds care, park, parking, pool, snow removal, and trash service; Association fee covers common area and exterior maintenance, gas, grounds care, heat, hot water, pool service, sewer, snow removal, trash, and water; Additional monthly capital assessment of $185.83

Exterior

• Parking: Garage; Off-street parking; Parking lot; Private parking; Unassigned spaces; Waitlist for parking; Parking fee: $35
• Utilities: Con-Edison electric service; Natural gas connected; Public sewer; Public water; Trash collection (public)
• Home design: Stock cooperative; Located between the 3rd and 5th floors; Building has 6 stories
• Construction: Brick construction
• Exterior features: Outdoor space; In-ground pool; No waterfront

Interior

• Kitchen: Dishwasher; Gas cooktop; Gas oven; Microwave; Refrigerator; Stainless steel appliances
• Bedrooms: Includes rooms across multiple levels (between 3rd and 5th floors)
• Flooring: Carpet; Hardwood; Tile
• Bathrooms: 1 full bathroom
• Heating & cooling: Hot water heating; Wall/window air conditioning units
• Interior features: Ceiling fans; Entrance foyer; Formal dining area; Granite counters; High ceilings; Pantry; Walk-through kitchen; Walk-in closet(s)
• Laundry & utility: Common area laundry; Laundry in basement

What this means for you Summary

Snapshot

• This is a 1-bed/1.0-bath condo listed at $250k.

Deal economics

• At list price, monthly cash flow is $224 ($3k/yr) — positive.
• The deal already cash-flows at list — no discount required.
• To meet the 1% rule (rent ≥ 1% of price), the offer needs to be $247k (1.2% below list).
• Recommended offer: $220k (12.0% below list) — sets the bar for market timing.
• Cap rate 7.4% 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: Rents rising fast (+8.5%/yr); 248 active listings in the ZIP; 9 comparable units currently listed for rent nearby; rentals at typical pace (median 21d 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 30% of the median local income ($98k/yr) — at the standard rent-burdened threshold; future hikes will face affordability resistance.

Forward outlook

• Local home prices are declining (-3.0%/yr); year-one equity from $2k of loan paydown is wiped out by about $8k of value loss. Plan a longer hold.
• Queens County population projected at +16% by 2050 — long-run rental-demand tailwind backs the buy-and-hold thesis.
• At projected returns (-3.0% appreciation + 8.0% rent growth), your $70k cash investment doubles in ~10 years — after that, you're playing with house money.

Negotiation context

• It's been on market 197 days — a 12% lower offer ($220k) is reasonable based on typical stale-listing flexibility.
• 7 sale attempts since 6y ago; this cycle's ask has dropped $29k (10%) from the opening price — seller is motivated, your offer sets the floor, not the list.

Risks & watch-outs

• Watch-outs: built in 1956 — expect roof / HVAC / electrical / plumbing capex.

Recommended offer $220,000 (12.0% below list)

Questions for the listing agent

1. It's been on market 197 days. Have you received any prior offers? Is the seller open to a 12% concession, seller financing, or rate buy-down credit?
2. Built in 1956 — 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: 0.99% ✗
• Cap rate: 7.37%
• Cash-on-cash: 3.84%
• DSCR: 1.17
• GRM: 8.4

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: -4.8%
• Equity multiple: 0.81×
• Total profit: $-13,150
• Equity at exit: $37,276

10-year hold

• IRR: 10.0%
• Equity multiple: 1.95×
• Total profit: $66,497
• Equity at exit: $21,615

Cash invested: $70,000 (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 11364

• Rents YoY: 8.5%
• Active inventory: 248
• Price-to-rent: 8.4×

Monthly cashflow live

• Estimated rent: $2,471 high
• Mortgage (P&I): −$1,311
• Tax est. 1.5%: −$312 /mo · $3,750/yr
• Insurance: −$104
• HOA: −$0
• Vacancy / Maint / Mgmt: −$519
• Net cashflow: $224

Break-even live

Break-even rent $2,187

Max offer price $250,000

Occupancy floor 86%

Sensitivity live

Price	-10% $397	-5% $310	+0% $224	+5% $138	+10% $51
Rent	-10% $29	-5% $126	+0% $224	+5% $322	+10% $419
Rate	-1.0pp $350	-0.5pp $288	base $224	+0.5pp $159	+1.0pp $93

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: $62,500
• Closing costs: $7,500
• Reserves months: —
• Total cash needed: —

Rent comps 9 comps

Address	Beds	Baths	Sqft	Rent	$/sqft	DOM	Units	Dist
232-15 67th Ave Unit 1FL Flushing, NY	2.0	2.0	900	$2,900	$3.22	4d	1	0.86mi
222-40 92nd Rd Unit 2nd Floor Jamaica, NY	2.0	1.0	1120	$3,400	$3.04	15d	1	1.00mi
8827 208th St Queens Village, NY	1.0	1.0	640	$1,900	$2.97	25d	1	1.14mi
240-53 68th Ave Unit 1st Floor Douglaston, NY	2.0	1.0	900	$2,500	$2.78	25d	1	1.17mi
76-37 Commonwealth Blvd Unit 2 Jamaica, NY	1.0	1.0	641	$2,200	$3.43	25d	1	1.23mi
245-24 77th Cres Jamaica, NY	2.0	1.0	785	$2,600	$3.31	19d	1	1.25mi
214-83 Jamaica Ave Unit 2R Queens Village, NY	1.0	1.0	650	$2,100	$3.23	25d	1	1.33mi
220-13 Jamaica Ave Queens Village, NY	2.0	1.0	800	$2,400	$3.00	21d	1	1.33mi
8737 Marengo St #1 Hollis, NY	1.0	1.0	720	$1,950	$2.71	11d	1	1.46mi

HOA detail condo

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

Listing history 29 events

1. 2026-06-18
   days on market $250,000 Active 197 DOM
2. 2026-06-17
   days on market $250,000 Active 196 DOM
3. 2026-06-15
   days on market $250,000 Active 194 DOM
4. 2026-06-13
   days on market $250,000 Active 192 DOM
5. 2026-06-10
   days on market $250,000 Active 188 DOM
6. 2026-06-08
   days on market $250,000 Active 187 DOM
7. 2026-06-04
   days on market $250,000 Active 183 DOM
8. 2026-06-03
   days on market $250,000 Active 182 DOM
9. 2026-06-01
   days on market $250,000 Active 180 DOM
10. 2026-05-31
    days on market $250,000 Active 179 DOM
11. 2026-05-25
    status Active
12. 2026-05-25
    price $250,000
13. 2026-04-23
    price $265,000
14. 2025-11-11
    listed $279,000 Active
15. 2024-04-30
    historical
16. 2023-12-04
    price $280,000
17. 2023-11-08
    listed $299,000 Active
18. 2023-11-01
    historical
19. 2023-11-01
    listed $299,000 Active
20. 2021-03-25
    soldstatus $260,000 Closed 766-char remark

    Show marketing remark (766 chars)

    Watch Our Video MINT.."Turnkey" Cambridge Hall Junior 4 - Spacious Apt. Offering Renovated Kitchen & Bath (Window in Both) - This Well Designed Unit Offers Many Options To Arrange Your Living Space..Beautiful Wood Floors-.. L-shaped Living Room..Use As Dining Area or Create Den/Office.Closets Galore Wherever You Turn...Kitchen features Wood Cabinets,Quartz Counter Top.. Bosch Dishwasher.. ..Bath Is Recently Tiled W/ New Cabinet & Vessel Sink.Lg. Bedroom..This complex Offers Pking, Pool, Barbecue Area, Storage, W/D..Transfer Tax Upon Selling 10.00 per share..223 Shares..Convenient To All Shopping & Buses. One Block To Express Bus to Manhattan...SD# 26., Additional information: Appearance:Excellent,Interior Features:Efficiency Kitchen

21. 2021-01-11
    status Pending 766-char remark

    Show marketing remark (766 chars)

    Watch Our Video MINT.."Turnkey" Cambridge Hall Junior 4 - Spacious Apt. Offering Renovated Kitchen & Bath (Window in Both) - This Well Designed Unit Offers Many Options To Arrange Your Living Space..Beautiful Wood Floors-.. L-shaped Living Room..Use As Dining Area or Create Den/Office.Closets Galore Wherever You Turn...Kitchen features Wood Cabinets,Quartz Counter Top.. Bosch Dishwasher.. ..Bath Is Recently Tiled W/ New Cabinet & Vessel Sink.Lg. Bedroom..This complex Offers Pking, Pool, Barbecue Area, Storage, W/D..Transfer Tax Upon Selling 10.00 per share..223 Shares..Convenient To All Shopping & Buses. One Block To Express Bus to Manhattan...SD# 26., Additional information: Appearance:Excellent,Interior Features:Efficiency Kitchen

22. 2020-10-05
    price $269,999 766-char remark

    Show marketing remark (766 chars)

    Watch Our Video MINT.."Turnkey" Cambridge Hall Junior 4 - Spacious Apt. Offering Renovated Kitchen & Bath (Window in Both) - This Well Designed Unit Offers Many Options To Arrange Your Living Space..Beautiful Wood Floors-.. L-shaped Living Room..Use As Dining Area or Create Den/Office.Closets Galore Wherever You Turn...Kitchen features Wood Cabinets,Quartz Counter Top.. Bosch Dishwasher.. ..Bath Is Recently Tiled W/ New Cabinet & Vessel Sink.Lg. Bedroom..This complex Offers Pking, Pool, Barbecue Area, Storage, W/D..Transfer Tax Upon Selling 10.00 per share..223 Shares..Convenient To All Shopping & Buses. One Block To Express Bus to Manhattan...SD# 26., Additional information: Appearance:Excellent,Interior Features:Efficiency Kitchen

23. 2020-09-15
    price $279,000 766-char remark

    Show marketing remark (766 chars)

    Watch Our Video MINT.."Turnkey" Cambridge Hall Junior 4 - Spacious Apt. Offering Renovated Kitchen & Bath (Window in Both) - This Well Designed Unit Offers Many Options To Arrange Your Living Space..Beautiful Wood Floors-.. L-shaped Living Room..Use As Dining Area or Create Den/Office.Closets Galore Wherever You Turn...Kitchen features Wood Cabinets,Quartz Counter Top.. Bosch Dishwasher.. ..Bath Is Recently Tiled W/ New Cabinet & Vessel Sink.Lg. Bedroom..This complex Offers Pking, Pool, Barbecue Area, Storage, W/D..Transfer Tax Upon Selling 10.00 per share..223 Shares..Convenient To All Shopping & Buses. One Block To Express Bus to Manhattan...SD# 26., Additional information: Appearance:Excellent,Interior Features:Efficiency Kitchen

24. 2020-08-10
    price $289,000 766-char remark

    Show marketing remark (766 chars)

    Watch Our Video MINT.."Turnkey" Cambridge Hall Junior 4 - Spacious Apt. Offering Renovated Kitchen & Bath (Window in Both) - This Well Designed Unit Offers Many Options To Arrange Your Living Space..Beautiful Wood Floors-.. L-shaped Living Room..Use As Dining Area or Create Den/Office.Closets Galore Wherever You Turn...Kitchen features Wood Cabinets,Quartz Counter Top.. Bosch Dishwasher.. ..Bath Is Recently Tiled W/ New Cabinet & Vessel Sink.Lg. Bedroom..This complex Offers Pking, Pool, Barbecue Area, Storage, W/D..Transfer Tax Upon Selling 10.00 per share..223 Shares..Convenient To All Shopping & Buses. One Block To Express Bus to Manhattan...SD# 26., Additional information: Appearance:Excellent,Interior Features:Efficiency Kitchen

25. 2020-08-04
    historical
26. 2020-07-06
    historical
27. 2020-07-03
    listed $299,000 Active 766-char remark

    Show marketing remark (766 chars)

    Watch Our Video MINT.."Turnkey" Cambridge Hall Junior 4 - Spacious Apt. Offering Renovated Kitchen & Bath (Window in Both) - This Well Designed Unit Offers Many Options To Arrange Your Living Space..Beautiful Wood Floors-.. L-shaped Living Room..Use As Dining Area or Create Den/Office.Closets Galore Wherever You Turn...Kitchen features Wood Cabinets,Quartz Counter Top.. Bosch Dishwasher.. ..Bath Is Recently Tiled W/ New Cabinet & Vessel Sink.Lg. Bedroom..This complex Offers Pking, Pool, Barbecue Area, Storage, W/D..Transfer Tax Upon Selling 10.00 per share..223 Shares..Convenient To All Shopping & Buses. One Block To Express Bus to Manhattan...SD# 26., Additional information: Appearance:Excellent,Interior Features:Efficiency Kitchen

28. 2020-07-03
    listed $299,000 Active

    Show marketing remark (766 chars)

    Watch Our Video MINT.."Turnkey" Cambridge Hall Junior 4 - Spacious Apt. Offering Renovated Kitchen & Bath (Window in Both) - This Well Designed Unit Offers Many Options To Arrange Your Living Space..Beautiful Wood Floors-.. L-shaped Living Room..Use As Dining Area or Create Den/Office.Closets Galore Wherever You Turn...Kitchen features Wood Cabinets,Quartz Counter Top.. Bosch Dishwasher.. ..Bath Is Recently Tiled W/ New Cabinet & Vessel Sink.Lg. Bedroom..This complex Offers Pking, Pool, Barbecue Area, Storage, W/D..Transfer Tax Upon Selling 10.00 per share..223 Shares..Convenient To All Shopping & Buses. One Block To Express Bus to Manhattan...SD# 26., Additional information: Appearance:Excellent,Interior Features:Efficiency Kitchen

29. 2020-07-03
    listed $299,000 Active

    Show marketing remark (766 chars)

    Watch Our Video MINT.."Turnkey" Cambridge Hall Junior 4 - Spacious Apt. Offering Renovated Kitchen & Bath (Window in Both) - This Well Designed Unit Offers Many Options To Arrange Your Living Space..Beautiful Wood Floors-.. L-shaped Living Room..Use As Dining Area or Create Den/Office.Closets Galore Wherever You Turn...Kitchen features Wood Cabinets,Quartz Counter Top.. Bosch Dishwasher.. ..Bath Is Recently Tiled W/ New Cabinet & Vessel Sink.Lg. Bedroom..This complex Offers Pking, Pool, Barbecue Area, Storage, W/D..Transfer Tax Upon Selling 10.00 per share..223 Shares..Convenient To All Shopping & Buses. One Block To Express Bus to Manhattan...SD# 26., Additional information: Appearance:Excellent,Interior Features:Efficiency Kitchen

ⓘ Source: listings_history table (triggers on properties + properties_extension) + one-shot backfill from property_details.listing_events for pre-trigger history.

Taxation est. · year 1

• Rental income: $29,646
• − Mortgage interest: −$14,004
• − Property taxes: −$3,750
• − Insurance: −$1,250
• − Repairs & maintenance: −$2,372
• − Management: −$2,372
• − Depreciation: −$7,273
• Taxable loss: −$1,374
• Est. tax savings @ 24.0%: +$330
• After-tax cash flow: $3,018/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): 35,276
• Household income: $98,359
• Rent vs Own: 29.4% rent · 70.6% own
• Severe rent burden: 1288.0

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 0.64)
• Race & ethnicity: Asian 50% White 29% Hispanic / Latino 15% Two or more races 7% Black 2%
• Hispanic origin (detail): Puerto Rican 3% Dominican 2%
• Common ancestry: Romanian 2% Scotch-Irish 2% Lithuanian 1%
• Foreign-born: 44% · China, South Korea, Canada
• Languages at home: 41% English-only · Chinese 30% Spanish 9% 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: ▼ -179.50%
• Current HPI: 242.5386
• Rent YoY: ▲ 8.47%
• 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

19 events — show timeline

• 2026-05-25 Relisted — OneKey® MLS as Distributed by MLS Grid
• 2026-05-25 Price Changed $250,000 OneKey® MLS as Distributed by MLS Grid
• 2026-04-23 Price Changed $265,000 OneKey® MLS as Distributed by MLS Grid
• 2025-11-11 Listed $279,000 OneKey® MLS as Distributed by MLS Grid
• 2024-04-30 Listing Removed — OneKey® MLS as Distributed by MLS Grid
• 2023-12-04 Price Changed $280,000 OneKey® MLS as Distributed by MLS Grid
• 2023-11-08 Listed $299,000 OneKey® MLS as Distributed by MLS Grid
• 2023-11-01 Coming Soon — OneKey® MLS as Distributed by MLS Grid
• 2023-11-01 Listed $299,000 OneKey® MLS as Distributed by MLS Grid
• 2021-03-25 Sold (MLS) $260,000 OneKey® MLS as Distributed by MLS Grid
• 2021-01-11 Pending — OneKey® MLS as Distributed by MLS Grid
• 2020-10-05 Price Changed $269,999 OneKey® MLS as Distributed by MLS Grid
• 2020-09-15 Price Changed $279,000 OneKey® MLS as Distributed by MLS Grid
• 2020-08-10 Price Changed $289,000 OneKey® MLS as Distributed by MLS Grid
• 2020-08-04 Listing Removed — OneKey® MLS as Distributed by MLS Grid
• 2020-07-06 Listing Removed — OneKey® MLS as Distributed by MLS Grid
• 2020-07-03 Listed $299,000 OneKey® MLS as Distributed by MLS Grid
• 2020-07-03 Listed $299,000 OneKey® MLS as Distributed by MLS Grid
• 2020-07-03 Listed $299,000 OneKey® MLS as Distributed by MLS Grid