1047 Trinity Ave · New York, NY 10456

$749,999

4 bd · 2.0 ba · 1,770 sqft · MultiFamily public records · 67 Days on market

Built 1901 1,967 sqft lot Est $765k · at est.

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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).

• Appreciation +9.3/10.0
• Cash flow +8.5/30.0
• ARV discount +8.4/15.0
• Schools +5.0/10.0
• Livability +3.8/5.0
• Rent growth +2.5/5.0
• Condition / age +2.5/5.0
• DSCR +2.3/10.0
• 1% rule +1.6/10.0

Multi-family units

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

Listing remarks

Discover this well-maintained 2-family home in the Bronx, NY. Situated on a 19.67x100 lot, this property offers a wonderful opportunity for both investors and homeowners. The first-floor unit includes two bedrooms, two full bathrooms, a comfortable living room, a modern kitchen, and a spacious dining room. Beautiful hardwood floors and tasteful upgrades throughout enhance the appeal of this inviting space. The second-floor unit offers three bedrooms, one full bathroom, a cozy living room, a functional kitchen, and a dining room. A finished basement with a 1-bedroom apartment adds versatility to the property, providing the potential for rental income or extended family accommodations. Whethe

Key facts

• Spacious dining room
• Finished basement
• Modern kitchen

Tags

• FINISHED BASEMENT
• MODERN KITCHEN
• HARDWOOD FLOORS
• SPACIOUS DINING ROOM

What this means for you Summary

Snapshot

• This is a 2 × 2-bed/1.0-bath units multifamily listed at $750k.

Deal economics

• At list price, monthly cash flow is $-661 ($-8k/yr) — negative. Per door: $-330/mo.
• To cash-flow at today's rent, offer at most $633k (15.6% below list).
• To meet the 1% rule (rent ≥ 1% of price), the offer needs to be $493k (34.2% below list).
• Recommended offer: $493k (34.2% below list) — sets the bar for 1% rule.
• Cap rate 5.2% 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: 52 active listings in the ZIP; lower-income renter base — watch delinquency; 6,929 units permitted in Bronx County in 2024 (6,829 in 5+ unit buildings).
• At $4,933/mo this rent would consume 169% of the median local household income ($35k/yr) (locally 11195% 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 $69k of equity ($5k loan paydown + $64k appreciation (8.6% local appreciation)).
• Bronx County population projected at +21% by 2050 — long-run rental-demand tailwind backs the buy-and-hold thesis.
• By year 2, paydown + projected appreciation supports a ~$111k cash-out refi (75% LTV) — recoverable capital for the next deal without selling this one.

Negotiation context

• It's been on market 67 days — a 6% lower offer ($705k) is reasonable based on typical stale-listing flexibility.
• 13 sale attempts since 22y 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 $425k; list at $750k implies a 76% gain — meaningful room to come down on a strong offer.

Risks & watch-outs

• Watch-outs: built in 1901 — 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 $493,300 (34.2% 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 67 days. Have you received any prior offers? Is the seller open to a 34% concession, seller financing, or rate buy-down credit?
3. Can we see the unit-by-unit rent roll, current vacancy, and any below-market leases? What's the average tenancy length?
4. What capital expenditures (roof, boiler, parking lot, exteriors) have been made in the last 5 years, and what's planned in the next 2?
5. Built in 1901 — when were the roof, HVAC, electrical panel, plumbing, and water heater last replaced?
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: 0.66% ✗
• Cap rate: 5.24%
• Cash-on-cash: -3.78%
• DSCR: 0.83
• GRM: 12.7

CMA / ARV

• ARV (on-the-fly): $764,640
• Comps found: 9

Show comp detail 9 sales within ~0.75 mi

Address	Dist	Beds/Ba	Sqft	Sold	Price	$/sf	Match
1037 Trinity Ave	0.02mi	5/2.0 (+1)	1,770 (0%)	20mo	$675,000	$381	78
1029 Kelly St	0.48mi	5/2.0 (+1)	1,680 (-5%)	2mo	$860,000	$512	62
1326 College Ave	0.74mi	5/2.0 (+1)	1,800 (+2%)	3mo	$490,000	$272	56
1088 Rev James A Polite Ave	0.33mi	5/2.0 (+1)	1,680 (-5%)	20mo	$875,000	$521	55
865 Home St	0.42mi	5/3.0 (+1)	1,992 (+12%)	6mo	$867,000	$435	46
837 Jennings St	0.68mi	5/2.0 (+1)	1,528 (-14%)	2mo	$735,000	$481	38
859 Home St	0.41mi	5/2.5 (+1)	1,992 (+12%)	18mo	$825,000	$414	38
1333 Chisholm St	0.57mi	5/4.0 (+1)	2,000 (+13%)	2mo	$863,000	$432	37
313 E 169th St	0.69mi	5/2.0 (+1)	1,552 (-12%)	19mo	$660,000	$425	26

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

Projected returns pro-forma

8.55% appreciation · 3.0% rent growth · sell at horizon

5-year hold

• IRR: 18.4%
• Equity multiple: 2.40×
• Total profit: $293,223
• Equity at exit: $598,172

10-year hold

• IRR: 17.2%
• Equity multiple: 5.21×
• Total profit: $883,392
• Equity at exit: $1,215,502

Cash invested: $210,000 (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 10456

• Home prices YoY: 3.0%
• Active inventory: 52
• Price-to-rent: 25.3×

Monthly cashflow live

• Estimated rent: $4,933 medium
• Mortgage (P&I): −$3,933
• Tax from tax record: −$312 /mo · $3,750/yr
• Insurance: −$312
• HOA: −$0
• Vacancy / Maint / Mgmt: −$1,036
• Net cashflow: $-661

Break-even live

Break-even rent $5,770

Max offer price $633,232

Occupancy floor —

Sensitivity live

Price	-10% $-236	-5% $-449	+0% $-661	+5% $-873	+10% $-1,086
Rent	-10% $-1,051	-5% $-856	+0% $-661	+5% $-466	+10% $-271
Rate	-1.0pp $-283	-0.5pp $-470	base $-661	+0.5pp $-855	+1.0pp $-1,053

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

Units	Beds	Baths	Est. rent
▸ 2× units	2	1	$4,932
Total (2 units)			$4,933

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: $187,500
• Closing costs: $22,500
• Reserves months: —
• Total cash needed: —

Listing history 38 events

1. 2025-09-12
   status Pending
2. 2025-07-31
   price $749,999
3. 2025-07-07
   listed $774,999 Active
4. 2025-02-05
   historical
5. 2025-01-03
   listed $775,000 Active
6. 2024-12-30
   historical
7. 2023-06-13
   status Pending
8. 2023-06-13
   historical
9. 2023-04-30
   listed $649,000 Active
10. 2022-02-16
    historical
11. 2021-10-12
    listed $699,000 Active
12. 2018-06-07
    historical
13. 2018-04-24
    price $495,000
14. 2018-04-04
    price $560,000
15. 2018-03-15
    listed $630,000 Active
16. 2018-03-04
    historical
17. 2018-02-23
    price $529,000
18. 2018-02-15
    price $529,500
19. 2018-01-27
    price $530,000
20. 2017-10-20
    historical
21. 2017-10-20
    listed $550,000 Active
22. 2017-05-31
    price $540,000
23. 2017-05-03
    price $545,000
24. 2017-04-08
    listed $550,000 Active
25. 2016-11-16
    historical
26. 2015-11-17
    listed $475,000 New
27. 2015-10-31
    historical Expired
28. 2015-10-30
    historical
29. 2015-04-20
    listed Active
30. 2015-04-20
    listed $449,000
31. 2013-11-01
    soldstatus $425,000
32. 2013-05-06
    soldstatus $180,000
33. 2013-03-09
    historical
34. 2013-03-08
    historical
35. 2012-10-10
    listed Active
36. 2012-10-10
    listed $375,000
37. 2005-09-22
    historical
38. 2004-09-22
    listed

ⓘ 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: $3,750 · $312/mo
• Projected year-2 tax: $8,212 · $684/mo
• Expected delta: +$4,463/yr (+$372/mo · 119.0%)

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

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 4/10 Moderate 5 unhealthy d/yr today · 6 by 30 yrs out

Taxation est. · year 1

• Rental income: $59,196
• − Mortgage interest: −$42,012
• − Property taxes: −$3,750
• − Insurance: −$3,750
• − Repairs & maintenance: −$4,736
• − Management: −$4,736
• − Depreciation: −$21,818
• Taxable loss: −$21,605
• Est. tax savings @ 24.0%: +$5,185
• After-tax cash flow: $-2,747/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): 87,533
• Household income: $34,954
• Rent vs Own: 93.1% rent · 6.9% own
• Severe rent burden: 11195.0

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 0.56)
• Race & ethnicity: Hispanic / Latino 52% Black 41% Two or more races 14% White 3% Native American 1%
• Hispanic origin (detail): Mexican 3% Puerto Rican 15% Dominican 26%
• Foreign-born: 30% · Canada, Jamaica
• Languages at home: 44% English-only · Spanish 44% French/Haitian/Cajun 3% Other Indo-European 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: ▲ 8.55%
• Current HPI: 293.766
• Rent YoY: —
• 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

+100.0% since first listed

38 events — show timeline

• 2025-09-12 Pending — OneKey® MLS as Distributed by MLS Grid
• 2025-07-31 Price Changed $749,999 OneKey® MLS as Distributed by MLS Grid
• 2025-07-07 Listed $774,999 OneKey® MLS as Distributed by MLS Grid
• 2025-02-05 Listing Removed — OneKey® MLS as Distributed by MLS Grid
• 2025-01-03 Listed $775,000 OneKey® MLS as Distributed by MLS Grid
• 2024-12-30 Coming Soon — OneKey® MLS as Distributed by MLS Grid
• 2023-06-13 Pending — OneKey® MLS as Distributed by MLS Grid
• 2023-06-13 Listing Removed — OneKey® MLS as Distributed by MLS Grid
• 2023-04-30 Listed $649,000 OneKey® MLS as Distributed by MLS Grid
• 2022-02-16 Listing Removed — OneKey® MLS as Distributed by MLS Grid
• 2021-10-12 Listed $699,000 OneKey® MLS as Distributed by MLS Grid
• 2018-06-07 Listing Removed — OneKey® MLS as Distributed by MLS Grid
• 2018-04-24 Price Changed $495,000 OneKey® MLS as Distributed by MLS Grid
• 2018-04-04 Price Changed $560,000 OneKey® MLS as Distributed by MLS Grid
• 2018-03-15 Listed $630,000 OneKey® MLS as Distributed by MLS Grid
• 2018-03-04 Listing Removed — OneKey® MLS as Distributed by MLS Grid
• 2018-02-23 Price Changed $529,000 OneKey® MLS as Distributed by MLS Grid
• 2018-02-15 Price Changed $529,500 OneKey® MLS as Distributed by MLS Grid
• 2018-01-27 Price Changed $530,000 OneKey® MLS as Distributed by MLS Grid
• 2017-10-20 Listing Removed — OneKey® MLS as Distributed by MLS Grid
• 2017-10-20 Listed $550,000 OneKey® MLS as Distributed by MLS Grid
• 2017-05-31 Price Changed $540,000 OneKey® MLS as Distributed by MLS Grid
• 2017-05-03 Price Changed $545,000 OneKey® MLS as Distributed by MLS Grid
• 2017-04-08 Listed $550,000 OneKey® MLS as Distributed by MLS Grid
• 2016-11-16 Listing Removed — OneKey® MLS as Distributed by MLS Grid
• 2015-11-17 Listed $475,000 OneKey® MLS as Distributed by MLS Grid
• 2015-10-31 Delisted — HGMLS
• 2015-10-30 Listing Removed — OneKey® MLS as Distributed by MLS Grid
• 2015-04-20 Listed — HGMLS
• 2015-04-20 Listed $449,000 OneKey® MLS as Distributed by MLS Grid
• 2013-11-01 Sold (Public Records) $425,000 Public Records
• 2013-05-06 Sold (Public Records) $180,000 Public Records
• 2013-03-09 Delisted — HGMLS
• 2013-03-08 Listing Removed — OneKey® MLS as Distributed by MLS Grid
• 2012-10-10 Listed $375,000 OneKey® MLS as Distributed by MLS Grid
• 2012-10-10 Listed — HGMLS
• 2005-09-22 Delisted — HGMLS
• 2004-09-22 Listed — HGMLS

Property tax history

+9.2%/yr

Latest (2025): $3,750 · +47.8% YoY. Source: county tax records.