19640 67th Ave Unit 2nd FL · New York, NY 11365

$343,000

2 bd · 1.0 ba · 900 sqft · Condo · 99 Days on market

Built 1952 Good condition ↓ 2% since listing

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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).

• Cash flow +13.2/30.0
• ARV discount +7.5/15.0
• Schools +5.0/10.0
• Rent growth +4.1/5.0
• DSCR +4.0/10.0
• Condition / age +4.0/5.0
• Livability +3.8/5.0
• 1% rule +3.7/10.0
• Appreciation +0.0/10.0

Listing remarks

* * Motivated Seller * * Welcome to this lovely and spacious 2-bedroom, 1-bathroom apartment located in a highly desirable neighborhood. The bright dining area features a window that fills the space with abundant natural sunlight, creating a warm and inviting atmosphere. An all-in-one washer and dryer is offering the convenience of in-unit laundry. The apartment is move-in ready and in excellent condition, making it a perfect place to call home. Ideally situated near Cunningham Park, supermarkets, restaurants, shopping, schools, an AMC movie theater, and the QM8 express bus for an easy commute. * * Motivated Seller! Make your offer!! * * The monthly maintenance of $1,405.36 includes

Key facts

• Subletting permitted
• Garage parking
• Electric car charger

Tags

• IN UNIT LAUNDRY
• NATURAL SUNLIGHT
• GARAGE PARKING
• ELECTRIC CAR CHARGER
• SUBLETTING PERMITTED

Property features AI

Finance

• Other: Living area reported from other source

Exterior

• Parking: Garage; On-street parking; 1 garage space; Parking fee applies
• Utilities: Public sewer; Electricity available; Natural gas connected; Sewer connected; Trash collection (public); Water connected
• Home design: Stock cooperative; One level (interior listed as one level); 2 total stories
• Construction: Brick exterior; Brick/mortar foundation
• Exterior features: Brick construction; Brick/mortar foundation; Not waterfront

Interior

• Kitchen: Dishwasher; Gas oven; Refrigerator
• Bedrooms: Located on the second floor
• Flooring: Carpet; Wood
• Bathrooms: 1 full bathroom
• Heating & cooling: Heat pump; Other heating; Electric cooling; Wall/window AC unit(s)
• Interior features: Other interior features; Basement: common, full; Second-floor entry
• Laundry & utility: Washer; Laundry area in kitchen; Laundry room; Outside access for laundry

What this means for you Summary

Snapshot

• This is a 2-bed/1.0-bath condo listed at $343k. Condition is rated good.

Deal economics

• At list price, monthly cash flow is $-73 ($-875/yr) — negative.
• To cash-flow at today's rent, offer at most $332k (3.1% below list).
• To meet the 1% rule (rent ≥ 1% of price), the offer needs to be $299k (12.8% below list).
• Recommended offer: $299k (12.8% below list) — sets the bar for 1% rule.
• Cap rate 6.3% 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); Is 227 Louis Armstrong (math 52% / reading 69%, grade B+, #153 of 729 statewide, top 21%, 1,528 students, 68% FRL); Francis Lewis High School (math 97% / reading 92%, grade A+, #117 of 1,100 statewide, top 11%, 4,265 students, 70% FRL).
• Market conditions: Rents rising fast (+6.2%/yr); 133 active listings in the ZIP; 15 comparable units currently listed for rent nearby; rentals at typical pace (median 17d 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 ($81k/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 $10k 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.

Negotiation context

• It's been on market 99 days — a 9% lower offer ($312k) is reasonable based on typical stale-listing flexibility.

Risks & watch-outs

• Watch-outs: flood insurance adds $66/mo; built in 1952 — 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 $299,232 (12.8% 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 99 days. Have you received any prior offers? Is the seller open to a 13% concession, seller financing, or rate buy-down credit?
3. Built in 1952 — 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. 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: 0.87% ✗
• Cap rate: 6.27%
• Cash-on-cash: -0.08%
• DSCR: 1.00
• GRM: 9.6

CMA / ARV

No comps found within radius.

Projected returns pro-forma

-3.0% appreciation · 6.24% rent growth · sell at horizon

5-year hold

• IRR: -14.1%
• Equity multiple: 0.48×
• Total profit: $-50,068
• Equity at exit: $51,142

10-year hold

• IRR: -0.7%
• Equity multiple: 0.95×
• Total profit: $-5,054
• Equity at exit: $29,656

Cash invested: $96,040 (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 11365

• Rents YoY: 6.2%
• Active inventory: 133
• Price-to-rent: 9.6×

Monthly cashflow live

• Estimated rent: $2,992 high
• Mortgage (P&I): −$1,799
• Tax est. 1.5%: −$429 /mo · $5,145/yr
• Insurance: −$143
• Flood insurance flood zone: −$66 /mo · $798/yr
• HOA: −$0
• Vacancy / Maint / Mgmt: −$628
• Net cashflow: $-73

Break-even live

Break-even rent $3,085

Max offer price $332,448

Occupancy floor 97%

Sensitivity live

Price	-10% $164	-5% $46	+0% $-73	+5% $-191	+10% $-310
Rent	-10% $-309	-5% $-191	+0% $-73	+5% $45	+10% $163
Rate	-1.0pp $100	-0.5pp $14	base $-73	+0.5pp $-162	+1.0pp $-252

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: $85,750
• Closing costs: $10,290
• Reserves months: —
• Total cash needed: —

Rent comps 15 comps

Address	Beds	Baths	Sqft	Rent	$/sqft	DOM	Units	Dist
01 194th St Unit Main Fresh Meadows, NY	1.0	1.0	895	$2,400	$2.68	17d	1	0.32mi
7364 196th St Fresh Meadows, NY	3.0	2.5	1000	$5,500	$5.50	26d	1	0.33mi
5839 196th Pl Fresh Meadows, NY	2.0	1.0	750	$2,750	$3.67	26d	1	0.40mi
67-05H 186th Ln Fresh Meadows, NY	2.0	1.0	700	$3,100	$4.43	26d	1	0.50mi
73-49 188th St Unit 2 Flushing, NY	1.0	1.0	650	$2,000	$3.08	26d	1	0.50mi
203-06 53rd Ave Unit 2 Flushing, NY	1.0	1.0	850	$2,200	$2.59	26d	1	0.79mi
178-05 69th Ave Unit 2 Flushing, NY	2.0	1.0	750	$2,700	$3.60	26d	1	0.91mi
61-41 173rd St Unit 3rd fl Flushing, NY	2.0	1.0	1000	$2,500	$2.50	24d	1	1.01mi
17814 80th Dr Jamaica, NY	3.0	1.5	1100	$5,499	$5.00	5d	1	1.11mi
6747 222nd St Oakland Gardens, NY	3.0	1.0	924	$2,700	$2.92	4d	1	1.33mi
8737 Marengo St #1 Hollis, NY	1.0	1.0	720	$1,950	$2.71	12d	1	1.34mi
196-42 44th Ave #2 Flushing, NY	1.0	1.0	600	$2,000	$3.33	1d	1	1.35mi
197-10 Foothill Ave Unit 1st floor Jamaica, NY	3.0	2.0	1100	$3,600	$3.27	8d	1	1.46mi
4334 192nd St Unit 2 Queens, NY	2.0	1.0	900	$2,650	$2.94	4d	1	1.46mi
76-40 170th St #1 Flushing, NY	2.0	1.0	924	$2,800	$3.03	1d	1	1.46mi

HOA detail condo

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

Listing history 14 events

1. 2026-06-21
   days on market $343,000 Active 99 DOM
2. 2026-06-18
   days on market $343,000 Active 96 DOM
3. 2026-06-17
   days on market $343,000 Active 95 DOM
4. 2026-06-15
   days on market $343,000 Active 93 DOM
5. 2026-06-13
   days on market $343,000 Active 91 DOM
6. 2026-06-10
   days on market $343,000 Active 87 DOM
7. 2026-06-08
   days on market $343,000 Active 86 DOM
8. 2026-06-08
   days on market $343,000 Active 85 DOM
9. 2026-06-04
   pricedays on market $343,000 Active 82 DOM
10. 2026-06-03
    days on market $359,000 Active 81 DOM
11. 2026-06-01
    days on market $359,000 Active 79 DOM
12. 2026-05-31
    days on market $359,000 Active 78 DOM
13. 2026-04-16
    price $359,000
14. 2026-03-14
    listed $368,000 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 8/10 Severe FEMA zone X (unshaded) · 99% chance over 30 yrs
• 🔥 Wildfire 1/10 Low
• 🌡 Heat 7/10 Severe 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 4/10 Moderate 6 unhealthy d/yr today · 6 by 30 yrs out

Taxation est. · year 1

• Rental income: $35,908
• − Mortgage interest: −$19,213
• − Property taxes: −$5,145
• − Insurance: −$2,512
• − Repairs & maintenance: −$2,873
• − Management: −$2,873
• − Depreciation: −$9,978
• Taxable loss: −$6,686
• Est. tax savings @ 24.0%: +$1,605
• After-tax cash flow: $730/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 · 13 photos

Good 80/100 Cosmetic rehab

This 2-bedroom, 1-bathroom townhouse is in good condition and move-in ready. It offers a spacious living area, modern appliances, and a well-maintained exterior. Simple updates like painting the exterior and cleaning the windows can further enhance its value.

Value-add opportunities

• Resale Paint the exterior walls — Fresh paint can enhance the curb appeal and make the home more attractive to potential buyers.
• Rental Clean the windows — Clean windows can improve the home's rental value by making it more appealing to tenants.
• Both Inspect and clean the HVAC system — A clean and functioning HVAC system can improve the home's comfort and energy efficiency, benefiting both resale and rental value.

Renovation cost estimate screening

Value-add ROI direction

• Resale Paint the exterior walls — Fresh paint can enhance the curb appeal and make the home more attractive to potential buyers. ↑
• Rental Clean the windows — Clean windows can improve the home's rental value by making it more appealing to tenants. ↑
• Both Inspect and clean the HVAC system — A clean and functioning HVAC system can improve the home's comfort and energy efficiency, benefiting both resale and rental 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: Queens County · 1,914,869 people
• City population: 7,731,280
• Metro: New York-Newark-Jersey City, NY-NJ-PA
• Population (ZIP): 42,322
• Household income: $81,258
• Rent vs Own: 53.6% rent · 46.4% own
• Severe rent burden: 1876.0

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: Highly diverse neighborhood (Simpson 0.71)
• Race & ethnicity: Asian 43% White 23% Hispanic / Latino 21% Two or more races 11% Black 11%
• Hispanic origin (detail): Puerto Rican 7% Dominican 4%
• Common ancestry: Scotch-Irish 4% Romanian 1% Slovak 1%
• Foreign-born: 46% · China, Canada, South Korea
• Languages at home: 41% English-only · Chinese 26% Spanish 13% 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: ▼ -298.48%
• Current HPI: 314.4015
• Rent YoY: ▲ 6.24%
• 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

-2.4% since first listed

2 events — show timeline

• 2026-04-16 Price Changed $359,000 OneKey® MLS as Distributed by MLS Grid
• 2026-03-14 Listed $368,000 OneKey® MLS as Distributed by MLS Grid