9963 66 Ave Unit 2-B · New York, NY 11374

$250,000

1 bd · 1.0 ba · 700 sqft · Condo · 11 Days on market

Built 1940

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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 +19.2/30.0
• ARV discount +7.5/15.0
• DSCR +6.0/10.0
• 1% rule +5.1/10.0
• Schools +5.0/10.0
• Livability +3.8/5.0
• Rent growth +2.9/5.0
• Condition / age +2.5/5.0
• Appreciation +0.0/10.0

Listing remarks MLS

Sunny, Front Exposure 1 Bedroom Unit With Low Maint, Hard Wood Floors, New Kitchen. Foyer-Kitchen. 2 Blocks To 67 Ave Subway Station, Shopping, Schools.

Key facts

• Flexible footprint
• Close to restaurants
• Practical layout

Tags

• ORIGINAL HARDWOOD FLOORS
• PRACTICAL LAYOUT
• FLEXIBLE FOOTPRINT
• WELL-MAINTAINED BUILDING
• CLOSE TO SHOPS
• CLOSE TO RESTAURANTS

Property features AI

Finance

• HOA & community: Cooperative (co-op) ownership

Exterior

• Parking: Common parking; No carport
• Utilities: Public sewer; Trash collection (public)
• Home design: Stock cooperative
• Construction: Brick construction
• Exterior features: Brick construction; Not waterfront

Interior

• Kitchen: Dishwasher; Gas oven
• Bedrooms: Entry level: 2
• Bathrooms: 1 full bathroom
• Heating & cooling: Hot water heating
• Interior features: Elevator; Common basement
• Laundry & utility: Washer/dryer info not provided

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 $268 ($3k/yr) — positive.
• The deal already cash-flows at list — no discount required.
• Meets the 1% rule at list price ($3k rent vs $250k).
• Cap rate 7.6% 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 157 Stephen A Halsey (math 74% / reading 80%, grade A, #41 of 729 statewide, top 6%, 1,542 students, 55% FRL); Midwood High School (math 94% / reading 96%, grade A+, #83 of 1,100 statewide, top 8%, 4,062 students, 73% FRL).
• Market conditions: Rents rising (+1.7%/yr); 347 active listings in the ZIP; 35 comparable units currently listed for rent nearby; rentals at typical pace (median 19d 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 33% of the median local income ($91k/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.

Negotiation context

• Only 11 days on market — expect competitive offers; lowballing is unlikely to land.
• 3 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.
• Current owner paid $155k; list at $250k implies a 61% gain — meaningful room to come down on a strong offer.

Risks & watch-outs

• Watch-outs: built in 1940 — expect roof / HVAC / electrical / plumbing capex.
• Climate carrying-cost: 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 $250,000

Questions for the listing agent

1. Built in 1940 — when were the roof, HVAC, electrical panel, plumbing, and water heater last replaced?
2. 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?
3. Is there a deadline driving the sale (1031 exchange, divorce, estate, relocation)? That informs how much negotiation room exists.
4. 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?
5. 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?
6. 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.
7. 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.
8. 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: 1.01% ✓
• Cap rate: 7.58%
• Cash-on-cash: 4.60%
• DSCR: 1.20
• GRM: 8.2

CMA / ARV

No comps found within radius.

Projected returns pro-forma

-3.0% appreciation · 1.74% rent growth · sell at horizon

5-year hold

• IRR: -10.5%
• Equity multiple: 0.62×
• Total profit: $-26,563
• Equity at exit: $37,276

10-year hold

• IRR: -3.1%
• Equity multiple: 0.81×
• Total profit: $-13,646
• 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 11374

• Rents YoY: 1.7%
• Active inventory: 347
• Price-to-rent: 8.2×

Monthly cashflow live

• Estimated rent: $2,526 high
• Mortgage (P&I): −$1,311
• Tax est. 1.5%: −$312 /mo · $3,750/yr
• Insurance: −$104
• HOA: −$0
• Vacancy / Maint / Mgmt: −$531
• Net cashflow: $268

Break-even live

Break-even rent $2,187

Max offer price $250,000

Occupancy floor 84%

Sensitivity live

Price	-10% $441	-5% $354	+0% $268	+5% $182	+10% $95
Rent	-10% $68	-5% $168	+0% $268	+5% $368	+10% $468
Rate	-1.0pp $394	-0.5pp $332	base $268	+0.5pp $203	+1.0pp $137

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 35 comps

Address	Beds	Baths	Sqft	Rent	$/sqft	DOM	Units	Dist
102-45 67th Rd Forest Hills, NY	1.0	1.0	700	$2,350	$3.36	21d	1	0.13mi
102-55 67th Rd Unit 2V Forest Hills, NY	1.0	1.0	633	$2,350	$3.71	21d	1	0.15mi
98-81 Queens Blvd Unit 15E Rego Park, NY	1.0	1.0	700	$3,335	$4.76	7d	1	0.18mi
6435 Yellowstone Blvd Unit 6G Forest Hills, NY	—	1.0	575	$1,900	$3.30	21d	1	0.20mi
105-25 67th Rd Forest Hills, NY	1.0	1.0	750	$1,800	$2.40	21d	1	0.20mi
6405 Yellowstone Blvd Unit 403S Forest Hills, NY	1.0	1.0	720	$3,100	$4.31	26d	1	0.22mi
6771 Yellowstone Blvd Unit 2R Forest Hills, NY	1.0	1.0	700	$2,550	$3.64	26d	1	0.25mi
66-55 Booth St Unit 6 Rego Park, NY	—	1.0	500	$2,295	$4.59	26d	1	0.26mi
102-30 Queens Blvd Unit 1A Forest Hills, NY	—	1.0	350	$2,395	$6.84	26d	1	0.27mi
97-12 65th Rd Unit 4-C Rego Park, NY	1.0	1.0	650	$3,350	$5.15	7d	1	0.33mi
97-12 65th Rd Unit 18-E Rego Park, NY	1.0	1.0	600	$3,650	$6.08	1d	1	0.33mi
6620 Wetherole St Rego Park, NY	1.0–2.0	1.0–2.0	700	$2,400	$3.43	26d	2	0.36mi
67-13 Austin St Unit 2A Flushing, NY	1.0	1.0	600	$2,595	$4.33	19d	1	0.38mi
11131 66th Ave Unit 3C Forest Hills, NY	1.0	1.0	600	$2,000	$3.33	7d	1	0.45mi
6259 108th St Unit 3S Forest Hills, NY	—	1.0	500	$1,900	$3.80	7d	1	0.45mi
10849 63rd Ave Unit 2C Forest Hills, NY	—	1.0	600	$1,900	$3.17	26d	1	0.48mi
6145 98th St Rego Park, NY	1.0–3.0	1.0	825	$2,350	$2.85	5d	3	0.48mi
6145 98th St Rego Park, NY	1.0–3.0	1.0	825	$2,500	$3.03	26d	3	0.48mi
9707 63rd Rd Unit 15B Rego Park, NY	1.0	1.0	700	$2,300	$3.29	4d	1	0.49mi
6615 Thornton Pl Rego Park, NY	1.0	1.0	700	$2,672	$3.82	7d	3	0.49mi
9710 62nd Dr Unit 9F Rego Park, NY	1.0	1.0	750	$2,700	$3.60	6d	1	0.53mi
6155 98th St Unit 8B Rego Park, NY	1.0	1.0	700	$2,500	$3.57	7d	1	0.58mi
6347 Booth St Unit 3C Rego Park, NY	1.0	1.0	700	$3,400	$4.86	26d	1	0.62mi
10740 70th Rd Unit 7F Forest Hills, NY	1.0	1.0	750	$2,650	$3.53	26d	1	0.62mi
6125 97th St Unit 4D Rego Park, NY	—	1.0	650	$2,300	$3.54	7d	1	0.63mi
6750 Thornton Pl Unit 2U Forest Hills, NY	—	1.0	550	$1,900	$3.45	10d	1	0.66mi
62-98 Saunders St Unit 4P Flushing, NY	1.0	1.0	700	$2,400	$3.43	0d	1	0.72mi
10825 72nd Ave Forest Hills, NY	1.0–2.0	1.0	700	$3,500	$5.00	7d	2	0.79mi
11019 72nd Rd Unit 1B Forest Hills, NY	1.0	1.0	750	$3,200	$4.27	16d	1	0.85mi
110-19 72nd Rd Unit 1A Forest Hills, NY	—	1.0	500	$2,395	$4.79	26d	1	0.85mi
10919 72nd Rd Unit 6F Forest Hills, NY	1.0	1.0	696	$3,485	$5.01	13d	1	0.85mi
9430 58th Ave Unit 3A Elmhurst, NY	—	1.0	530	$1,800	$3.40	13d	1	0.86mi
6820 Selfridge St Unit 3L Forest Hills, NY	—	1.0	500	$1,900	$3.80	26d	1	1.11mi
86-16 60th Ave Unit 1K Queens, NY	1.0	1.0	750	$2,300	$3.07	26d	1	1.12mi
9915 Ascan Ave Forest Hills, NY	2.0	1.0	600	$2,700	$4.50	26d	1	1.29mi

HOA detail condo

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

Listing history 21 events

1. 2026-06-22
   days on market $250,000 Active 11 DOM
2. 2026-06-21
   days on market $250,000 Active 10 DOM
3. 2026-06-18
   days on market $250,000 Active 7 DOM
4. 2026-06-17
   days on market $250,000 Active 6 DOM
5. 2026-06-16
   days on market $250,000 Active 5 DOM
6. 2026-06-15
   days on market $250,000 Active 4 DOM
7. 2026-06-13
   days on marketlisting id $250,000 Active 2 DOM
8. 2026-06-10
   days on market $250,000 Active 104 DOM
9. 2026-06-08
   days on market $250,000 Active 103 DOM
10. 2026-06-08
    days on market $250,000 Active 102 DOM
11. 2026-06-04
    days on market $250,000 Active 99 DOM
12. 2026-06-03
    days on market $250,000 Active 98 DOM
13. 2026-06-01
    days on market $250,000 Active 96 DOM
14. 2026-05-31
    days on market $250,000 Active 95 DOM
15. 2026-02-24
    listed $250,000 Active
16. 2014-03-25
    soldstatus $155,000 Closed 152-char remark

    Show marketing remark (216 chars)

    Sunny, Front Exposure 1 Bedroom Unit With Low Maint,Hard Wood Floors,New Kitchen. Foyer-Kitchen. 2 Blocks To 67 Ave Subway Station,Shopping,Schools., Additional information: Interior Features:Efficiency Kitchen,Lr/Dr

17. 2014-03-25
    soldstatus $1,300 216-char remark

    Show marketing remark (216 chars)

    Sunny, Front Exposure 1 Bedroom Unit With Low Maint,Hard Wood Floors,New Kitchen. Foyer-Kitchen. 2 Blocks To 67 Ave Subway Station,Shopping,Schools., Additional information: Interior Features:Efficiency Kitchen,Lr/Dr

18. 2013-12-12
    status Under Contract 152-char remark

    Show marketing remark (152 chars)

    Sunny, Front Exposure 1 Bedroom Unit With Low Maint, Hard Wood Floors, New Kitchen. Foyer-Kitchen. 2 Blocks To 67 Ave Subway Station, Shopping, Schools.

19. 2013-06-21
    price $165,000 Price Change 152-char remark

    Show marketing remark (152 chars)

    Sunny, Front Exposure 1 Bedroom Unit With Low Maint, Hard Wood Floors, New Kitchen. Foyer-Kitchen. 2 Blocks To 67 Ave Subway Station, Shopping, Schools.

20. 2013-05-14
    listed $179,000 New 152-char remark

    Show marketing remark (152 chars)

    Sunny, Front Exposure 1 Bedroom Unit With Low Maint, Hard Wood Floors, New Kitchen. Foyer-Kitchen. 2 Blocks To 67 Ave Subway Station, Shopping, Schools.

21. 2013-05-10
    listed $165,000 216-char remark

    Show marketing remark (216 chars)

    Sunny, Front Exposure 1 Bedroom Unit With Low Maint,Hard Wood Floors,New Kitchen. Foyer-Kitchen. 2 Blocks To 67 Ave Subway Station,Shopping,Schools., Additional information: Interior Features:Efficiency Kitchen,Lr/Dr

ⓘ 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 ≥99°F today · 14 d/yr by 30 yrs out
• 💨 Wind 6/10 Major 27% chance of damaging wind over 30 yrs
• 🫁 Air quality 5/10 Major 6 unhealthy d/yr today · 8 by 30 yrs out

Taxation est. · year 1

• Rental income: $30,315
• − Mortgage interest: −$14,004
• − Property taxes: −$3,750
• − Insurance: −$1,250
• − Repairs & maintenance: −$2,425
• − Management: −$2,425
• − Depreciation: −$7,273
• Taxable loss: −$812
• Est. tax savings @ 24.0%: +$195
• After-tax cash flow: $3,412/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): 46,989
• Household income: $90,631
• Rent vs Own: 58.2% rent · 41.8% own
• Severe rent burden: 3149.0

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 0.72)
• Race & ethnicity: White 38% Asian 29% Hispanic / Latino 22% Two or more races 13% Black 4%
• Hispanic origin (detail): Mexican 1% Puerto Rican 3% Dominican 3%
• Common ancestry: Scotch-Irish 6% Romanian 2% Subsaharan African 1%
• Foreign-born: 54% · Canada, China, Jamaica
• Languages at home: 28% English-only · Spanish 18% Russian/Polish/Slavic 15% Chinese 13%

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: ▼ -163.20%
• Current HPI: 207.1869
• Rent YoY: ▲ 1.74%
• 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

+51.5% since first listed

7 events — show timeline

• 2026-02-24 Listed $250,000 OneKey® MLS as Distributed by MLS Grid
• 2014-03-25 Sold (MLS) $1,300 OneKey® MLS as Distributed by MLS Grid
• 2014-03-25 Sold (MLS) $155,000 MLSLI
• 2013-12-12 Pending — MLSLI
• 2013-06-21 Price Changed $165,000 MLSLI
• 2013-05-14 Listed $179,000 MLSLI
• 2013-05-10 Listed $165,000 OneKey® MLS as Distributed by MLS Grid