14 Bartels Pl · New Rochelle, NY 10801

$700,000

5 bd · 2.0 ba · 2,046 sqft · MultiFamily public records · 16 Days on market

Built 1890 1,742 sqft lot Est $767k · 9% under

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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 +21.1/30.0
• ARV discount +11.4/15.0
• DSCR +6.7/10.0
• Schools +5.7/10.0
• 1% rule +5.0/10.0
• Livability +3.5/5.0
• Rent growth +2.9/5.0
• Condition / age +2.5/5.0
• Appreciation +0.0/10.0

Multi-family units

County records classify this as Multi-Family (2-4 Unit). Listing-text estimate: 2 units. confirmed

Listing remarks MLS

House Was Completely Renovated In 1999. Everything Is New !!! Showings After 4pm. Weekends After 10am.

Key facts

• 1,742 sq ft lot
• Built 1890
• Listed 16 days

What this means for you Summary

Snapshot

• This is a 2 × 2-bed/1.0-bath units multifamily listed at $700k.

Deal economics

• At list price, monthly cash flow is $1k ($12k/yr) — positive. Per door: $502/mo.
• The deal already cash-flows at list — no discount required.
• To meet the 1% rule (rent ≥ 1% of price), the offer needs to be $699k (0.1% below list).
• Recommended offer: $690k (1.5% below list) — sets the bar for market timing.
• Cap rate 8.0% vs local median 4.5% in New Rochelle — 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 69/100 on livability (#487 in NY) — a middle-class / working-renter tenant base. Strengths: employment A+, crime A, amenities B+; Watch: housing D+, commute F, cost of living F.
• New Rochelle City School District (suburban): math 63% / reading 66% proficiency, ranked #171 of 590 in NY (top 29%) — acceptable for families but not a draw, mixed tenant base, ~2y average lease.
• Zoned schools: Columbus Elementary School (math 44% / reading 54%, grade D, #1,085 of 2,108 statewide, top 56%, 669 students, 84% FRL); Isaac E Young Middle School (math 47% / reading 62%, grade B-, #214 of 729 statewide, top 31%, 1,138 students, 76% FRL); New Rochelle High School (math 87% / reading 72%, grade A-, #518 of 1,100 statewide, top 51%, 3,076 students, 57% FRL) — zoned schools average 73% FRL vs 41% district-wide (32 pts higher); higher-poverty schools than district average — tighter screening recommended.
• Market conditions: Rents rising (+1.4%/yr); 138 active listings in the ZIP; 3 comparable units currently listed for rent nearby; rentals lingering (median 44d on market — plan ~5-8 weeks vacancy on turnover, expect pricing pressure); 67% of comp listings sitting > 30 days — soft ceiling on asking rent; solid renter incomes; 954 units permitted in Westchester County in 2024 (649 in 5+ unit buildings).
• At $6,992/mo this rent would consume 98% of the median local household income ($86k/yr) (locally 2797% of renters already pay >50% of income on rent) — very limited rent-growth headroom before tenants either downsize or default.

Forward outlook

• Local home prices are declining (-3.0%/yr); year-one equity from $5k of loan paydown is wiped out by about $21k of value loss. Plan a longer hold.
• Westchester County population projected at +10% by 2050 — modest demand growth; plan on rents tracking national, not racing it.

Negotiation context

• It's been on market 16 days — a 2% lower offer ($690k) is reasonable based on typical stale-listing flexibility.
• 3 sale attempts since 25y 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 $275k; list at $700k implies a 155% gain — meaningful room to come down on a strong offer.

Risks & watch-outs

• Watch-outs: built in 1890 — 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→15/yr by 2055 (HVAC capex compounding) — expect insurance premiums to compound above CPI over the hold.

Recommended offer $689,500 (1.5% below list)

Questions for the listing agent

1. Can we see the unit-by-unit rent roll, current vacancy, and any below-market leases? What's the average tenancy length?
2. What capital expenditures (roof, boiler, parking lot, exteriors) have been made in the last 5 years, and what's planned in the next 2?
3. Built in 1890 — when were the roof, HVAC, electrical panel, plumbing, and water heater last replaced?
4. Is there a deadline driving the sale (1031 exchange, divorce, estate, relocation)? That informs how much negotiation room exists.
5. 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.
6. 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.
7. 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: 1.00% ✗
• Cap rate: 8.02%
• Cash-on-cash: 6.15%
• DSCR: 1.27
• GRM: 8.3

CMA / ARV

• ARV (on-the-fly): $767,250
• Comps found: 10

Show comp detail 10 sales within ~0.75 mi

Address	Dist	Beds/Ba	Sqft	Sold	Price	$/sf	Match
299 Sickles Ave	0.71mi	5/2.0	2,000 (-2%)	4mo	$750,000	$375	60
10 Everett St	0.43mi	5/2.0	1,820 (-11%)	3mo	$710,000	$390	59
19 Jones St	0.34mi	4/2.0 (-1)	1,840 (-10%)	9mo	$765,000	$416	55
43 Soundview St	0.61mi	5/2.0	1,965 (-4%)	14mo	$700,000	$356	53
44 Rockdale Ave	0.47mi	6/3.0 (+1)	2,229 (+9%)	3mo	$785,000	$352	52
5 Harold Ct	0.40mi	4/2.5 (-1)	2,120 (+4%)	23mo	$738,000	$348	49
39 Soundview St	0.61mi	6/2.0 (+1)	1,866 (-9%)	18mo	$750,000	$402	37
175 Pelham Rd	0.64mi	5/3.0	2,257 (+10%)	15mo	$700,000	$310	36
150 Lincoln Ave	0.65mi	5/2.0	1,800 (-12%)	17mo	$745,000	$414	35
53 Madeleine Ave	0.71mi	4/3.0 (-1)	2,330 (+14%)	10mo	$578,000	$248	27

Match score weights: distance 35% · size 25% · config 20% · recency 20%. Top-matched comps best support the ARV.

Projected returns pro-forma

-3.0% appreciation · 1.42% rent growth · sell at horizon

5-year hold

• IRR: -8.5%
• Equity multiple: 0.69×
• Total profit: $-60,469
• Equity at exit: $104,372

10-year hold

• IRR: -1.1%
• Equity multiple: 0.93×
• Total profit: $-14,119
• Equity at exit: $60,523

Cash invested: $196,000 (down + closing). Projections, not guarantees.

Landlord ↔ Tenant lean methodology

• Overall (STATE): 15 Strongly Tenant-Friendly
• State New York: 15 Strongly Tenant-Friendly · D+10
• County: — inherits STATE
• City: — inherits STATE

NYC rent stabilization (~1M units); 2019 HSTPA strengthened tenant rights; courts deeply backlogged.

Methodology + full state rankings →

ZIP-level market 10801

• Rents YoY: 1.4%
• Active inventory: 138
• Price-to-rent: 16.7×

Monthly cashflow live

• Estimated rent: $6,992 high
• Mortgage (P&I): −$3,671
• Tax from tax record: −$556 /mo · $6,676/yr
• Insurance: −$292
• HOA: −$0
• Vacancy / Maint / Mgmt: −$1,468
• Net cashflow: $1,005

Break-even live

Break-even rent $5,720

Max offer price $700,000

Occupancy floor 81%

2-unit breakdown (identical units grouped — click to expand)

Units	Beds	Baths	Est. rent
▸ 2× units	2	1	$6,992
Total (2 units)			$6,992

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: $175,000
• Closing costs: $21,000
• Reserves months: —
• Total cash needed: —

Rent comps 3 comps

Address	Beds	Baths	Sqft	Rent	$/sqft	DOM	Units	Dist
73 Maple Ave New Rochelle, NY	4.0	3.0	2414	$6,500	$2.69	43d	1	0.34mi
72 Soundview St Unit 2 New Rochelle, NY	4.0	2.0	1500	$3,850	$2.57	43d	1	0.59mi
72 Chauncey Ave New Rochelle, NY	5.0	1.0	2406	$4,500	$1.87	22d	1	1.01mi

Listing history 8 events

1. 2026-02-03
   status Pending
2. 2026-01-05
   listed $700,000 Active
3. 2026-01-03
   historical $700,000
4. 2025-07-09
   listed $725,000 Active
5. 2002-04-16
   soldstatus $275,000
6. 2002-01-07
   price $295,000 102-char remark

   Show marketing remark (102 chars)

   House Was Completely Renovated In 1999. Everything Is New !!! Showings After 4pm. Weekends After 10am.

7. 2002-01-07
   soldstatus $275,000 102-char remark

   Show marketing remark (102 chars)

   House Was Completely Renovated In 1999. Everything Is New !!! Showings After 4pm. Weekends After 10am.

8. 2001-07-17
   listed $275,000 102-char remark

   Show marketing remark (102 chars)

   House Was Completely Renovated In 1999. Everything Is New !!! Showings After 4pm. Weekends After 10am.

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

Tax reassessment forecast NY · Partial reset (capped growth)

• Current annual tax: $6,676 · $556/mo
• Projected year-2 tax: $9,253 · $771/mo
• Expected delta: +$2,577/yr (+$215/mo · 38.6%)

ⓘ Screening estimate from a state-policy table — verify with the county assessor before closing.

Climate risk First Street

• 🌊 Flood 5/10 Major FEMA zone X (unshaded) · 66% chance over 30 yrs
• 🔥 Wildfire 1/10 Low
• 🌡 Heat 7/10 Severe 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 5/10 Major 6 unhealthy d/yr today · 8 by 30 yrs out

Taxation est. · year 1

• Rental income: $83,904
• − Mortgage interest: −$39,211
• − Property taxes: −$6,676
• − Insurance: −$3,500
• − Repairs & maintenance: −$6,712
• − Management: −$6,712
• − Depreciation: −$20,364
• Taxable income: $729
• Est. tax owed @ 24.0%: −$175
• After-tax cash flow: $11,883/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)

• District: New Rochelle City School District
• NCES district ID: 3620490
• Math proficiency: 63% ▲ 3.00%
• Reading proficiency: 66% ▲ 9.00%
• Median HH income: $69,165
• Composite: 56.63/100
• National rank: #1139
• State rank: #171 of 590 in NY

Livability — New Rochelle

• Score: 69/100
• State rank: #487
• US rank: #8572

Category grades

Amenities B+ Commute F Cost of living F Crime A Employment A+ Housing D+ Health & safety B+ User ratings A-

Schools grade is shown separately in the Schools card above.

Census & demographics

• Census place: New Rochelle, NY
• County: Westchester County · 709,332 people
• City population: 63,657
• Metro: New York-Newark-Jersey City, NY-NJ-PA
• Population (ZIP): 42,754
• Household income: $85,573
• Rent vs Own: 58.9% rent · 41.1% own
• Severe rent burden: 2797.0

Population outlook (Westchester County) Hauer SSP2

• Today (2025): 1,028,035 people
• By 2030: 1,051,636 · +2.3%
• By 2040: 1,098,520 · +6.9%
• By 2050: 1,136,044 · +10.5%
• By 2075: 1,196,925 · +16.4%
• By 2100: 1,175,147 · +14.3%

Race, ethnicity, and origin ACS 2023

• Neighborhood character: Highly diverse neighborhood (Simpson 0.72)
• Race & ethnicity: Hispanic / Latino 36% White 30% Black 24% Two or more races 16% Asian 7%
• Hispanic origin (detail): Mexican 17% Puerto Rican 5% Dominican 3%
• Common ancestry: Hispanic 3% Scotch-Irish 1% Romanian 1%
• Foreign-born: 34% · Canada, Jamaica, China
• Languages at home: 54% English-only · Spanish 32% Other Indo-European 5% French/Haitian/Cajun 4%

Political lean MEDSL · Westchester

• 2024 margin: Strong D (+26.3) · D 63.1% · R 36.9%
• 2008→2024 swing: -1.3pp toward R · 2008: 27.6pp · 2024: 26.3pp
• All cycles: 2024: D+26.3 2020: D+36.3 2016: D+32.8 2012: D+22.2 2008: D+27.6

Not yet ingested

• Civics: —

Market trends

• HPI YoY: ▼ -910.37%
• Current HPI: 270.8019
• Rent YoY: ▲ 1.42%
• 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

+154.5% since first listed

8 events — show timeline

• 2026-02-03 Pending — OneKey® MLS as Distributed by MLS Grid
• 2026-01-05 Listed $700,000 OneKey® MLS as Distributed by MLS Grid
• 2026-01-03 Coming Soon $700,000 OneKey® MLS as Distributed by MLS Grid
• 2025-07-09 Listed $725,000 OneKey® MLS as Distributed by MLS Grid
• 2002-04-16 Sold (Public Records) $275,000 Public Records
• 2002-01-07 Sold (MLS) $275,000 HGMLS
• 2002-01-07 Price Changed $295,000 HGMLS
• 2001-07-17 Listed $275,000 HGMLS

Property tax history

+1.2%/yr

Latest (2025): $6,676 · -25.2% YoY. Source: county tax records.