200 Atlantic Ave #138 · Lynbrook, NY 11563

$265,000

1 bd · 1.0 ba · 900 sqft · SingleFamily · 135 Days on market

Built 1963 Good condition

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Why this score? — see what drove the B 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 +24.1/30.0
• ARV discount +15.0/15.0
• DSCR +7.8/10.0
• Schools +6.7/10.0
• 1% rule +6.3/10.0
• Livability +4.4/5.0
• Condition / age +3.8/5.0
• Rent growth +2.5/5.0
• Appreciation +0.0/10.0

Listing remarks MLS

.Investment opportunity featuring a rent-stabilized, tenant-occupied co-op apartment located in Nassau County. The sale is subject to Nassau County rent stabilization guidelines. Unit is being sold tenant-occupied and as an investment only. Newly painted large one-bedroom with dining area. New floors in the dining area and the living room. New bath. Parking ($65) included in maintenance. Conveniently located near transportation, LIRR, shopping, and local amenities.

Key facts

• New floors
• New bath
• Dining area

Tags

• DINING AREA
• NEW FLOORS
• NEW BATH
• INVESTMENT OPPORTUNITY
• TENANT-OCCUPIED
• CONVENIENTLY LOCATED

🏢 Co-op / cooperative unit. The $265,000 price buys shares in the cooperative corporation, not the real estate itself — so it isn't comparable to a fee-simple sale price, and the cashflow / cap-rate / 1%-rule cards below (which assume you own the property and can rent it out) don't apply here. Expect board approval and a monthly maintenance fee on top of the price.

What this means for you Summary

Snapshot

• This is a 1-bed/1.0-bath single-family listed at $265k. Condition is rated good.

Deal economics

• At list price, monthly cash flow is $470 ($6k/yr) — positive.
• The deal already cash-flows at list — no discount required.
• Meets the 1% rule at list price ($3k rent vs $265k).
• Recommended offer: $233k (12.0% below list) — sets the bar for market timing.
• Cap rate 8.7% vs local median 3.2% in Lynbrook — 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 88/100 on livability (#10 in NY, #221 nationally) — a professional / high-income tenant draw. Strengths: schools A+, crime A+, amenities A+; Watch: cost of living F.
• Lynbrook Union Free School District (suburban): math 75% / reading 73% proficiency, ranked #72 of 590 in NY (top 12%) — strong family-tenant draw, lease renewals of 3-5y typical; only 8% free/reduced lunch — higher-income household profile.
• Market conditions: 133 active listings in the ZIP; 13 comparable units currently listed for rent nearby; rentals at typical pace (median 26d on market — plan ~3-4 weeks tenant-placement turnaround); high-income renter base; 824 units permitted in Nassau County in 2024 (153 in 5+ unit buildings).

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.
• Nassau County population projected at +7% by 2050 — modest demand growth; plan on rents tracking national, not racing it.

Negotiation context

• It's been on market 135 days — a 12% lower offer ($233k) is reasonable based on typical stale-listing flexibility.
• 5 sale attempts since 5y 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 $124k; list at $265k implies a 114% gain — meaningful room to come down on a strong offer.

Risks & watch-outs

• Watch-outs: flood insurance adds $56/mo.
• Climate carrying-cost: major flood risk; major wind risk, 71% chance of damaging wind over 30y; extreme-heat days projected 7→16/yr by 2055 (HVAC capex compounding) — expect insurance premiums to compound above CPI over the hold.

Recommended offer $233,200 (12.0% below list)

Questions for the listing agent

1. It's been on market 135 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 1963 — when were the roof, HVAC, electrical panel, plumbing, and water heater last replaced?
3. What's the actual annual flood-insurance premium (NFIP or private), and is the property in a SFHA with mandatory coverage?
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 A-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. 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.
8. 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.
9. How much new for-sale + rental construction is in the pipeline within 1–3 miles? Heavy new supply typically softens prices + rents 12–24 months out; constrained supply supports both.

Investment metrics

• 1% rule: 1.13% ✓
• Cap rate: 8.67%
• Cash-on-cash: 8.50%
• DSCR: 1.38
• GRM: 7.4

CMA / ARV

• ARV (median comp): $350,000
• List price: $265,000
• Delta: -24.29%
• Verdict: UNDERPRICED
• Comps: 20 within 1.0 mi

Projected returns pro-forma

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

5-year hold

• IRR: -4.7%
• Equity multiple: 0.83×
• Total profit: $-12,911
• Equity at exit: $39,512

10-year hold

• IRR: 5.1%
• Equity multiple: 1.37×
• Total profit: $27,645
• Equity at exit: $22,912

Cash invested: $74,200 (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 11563

• Active inventory: 133
• Price-to-rent: 7.4×

Monthly cashflow live

• Estimated rent: $2,984 high
• Mortgage (P&I): −$1,390
• Tax est. 1.5%: −$331 /mo · $3,975/yr
• Insurance: −$110
• Flood insurance flood zone: −$56 /mo · $666/yr
• HOA: −$0
• Vacancy / Maint / Mgmt: −$627
• Net cashflow: $470

Break-even live

Break-even rent $2,388

Max offer price $265,000

Occupancy floor 79%

Sensitivity live

Price	-10% $653	-5% $562	+0% $470	+5% $379	+10% $287
Rent	-10% $235	-5% $352	+0% $470	+5% $588	+10% $706
Rate	-1.0pp $604	-0.5pp $538	base $470	+0.5pp $402	+1.0pp $332

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: $66,250
• Closing costs: $7,950
• Reserves months: —
• Total cash needed: —

Rent comps 13 comps

Address	Beds	Baths	Sqft	Rent	$/sqft	DOM	Units	Dist
24 Doxsey Pl Unit 3 Lynbrook, NY	2.0	1.0	900	$3,300	$3.67	25d	1	0.14mi
112 Atlantic Ave Apt 71 Lynbrook, NY	2.0	1.0	760	$3,000	$3.95	14d	1	0.20mi
318 Earle Ave Unit 2 Lynbrook, NY	1.0	1.0	600	$2,500	$4.17	25d	1	0.75mi
157 Hempstead Ave Unit B6 Lynbrook, NY	1.0	1.0	700	$2,700	$3.86	25d	1	0.82mi
65 Prospect Ave Apt 15W Lynbrook, NY	2.0	2.0	1060	$3,680	$3.47	22d	1	0.85mi
65 Prospect Ave Unit 2W Lynbrook, NY	1.0	1.0	800	$3,055	$3.82	44d	1	0.85mi
111 S Centre Ave Apt 1SS Rockville Centre, NY	2.0	1.0	950	$3,250	$3.42	5d	1	1.04mi
80 N Centre Ave Rockville Centre, NY	3.0	1.0–3.5	1254	$3,962	$3.16	2d	1	1.15mi
67 N Prospect Ave Unit 16C Lynbrook, NY	1.0	1.0	785	$3,030	$3.86	19d	1	1.24mi
8 Winthrop St Unit 2 Lynbrook, NY	1.0	1.0	600	$2,100	$3.50	44d	1	1.24mi
141 Munro Blvd Valley Stream, NY	1.0	1.0	1000	$1,300	$1.30	18d	1	1.40mi
8 Roswell Ave Oceanside, NY	2.0	1.5	741	$3,100	$4.18	25d	1	1.45mi
45 Grand Ave Rockville Centre, NY	2.0	1.0	800	$3,000	$3.75	25d	1	1.49mi

Listing history 24 events

1. 2026-06-18
   days on market $265,000 Active 135 DOM
2. 2026-06-17
   days on market $265,000 Active 134 DOM
3. 2026-06-16
   days on market $265,000 Active 133 DOM
4. 2026-06-15
   days on market $265,000 Active 132 DOM
5. 2026-06-13
   days on market $265,000 Active 130 DOM
6. 2026-06-09
   days on market $265,000 Active 126 DOM
7. 2026-06-08
   days on market $265,000 Active 125 DOM
8. 2026-06-07
   days on market $265,000 Active 124 DOM
9. 2026-06-04
   days on market $265,000 Active 121 DOM
10. 2026-06-03
    days on market $265,000 Active 120 DOM
11. 2026-06-02
    days on market $265,000 Active 119 DOM
12. 2026-06-01
    days on market $265,000 Active 118 DOM
13. 2026-05-31
    days on market $265,000 Active 117 DOM
14. 2026-02-03
    listed $265,000 Active 471-char remark

    Show marketing remark (471 chars)

    .Investment opportunity featuring a rent-stabilized, tenant-occupied co-op apartment located in Nassau County. The sale is subject to Nassau County rent stabilization guidelines. Unit is being sold tenant-occupied and as an investment only. Newly painted large one-bedroom with dining area. New floors in the dining area and the living room. New bath. Parking ($65) included in maintenance. Conveniently located near transportation, LIRR, shopping, and local amenities.

15. 2024-08-04
    historical
16. 2024-02-15
    status Active
17. 2024-02-04
    historical
18. 2023-11-14
    status Active
19. 2023-11-04
    historical
20. 2023-09-28
    price $250,000
21. 2023-08-07
    listed $275,000 Active
22. 2021-12-15
    soldstatus $124,000 Closed
23. 2021-11-20
    status Pending
24. 2021-08-03
    listed $124,000 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 7/10 Severe FEMA zone X (unshaded) · 76% chance over 30 yrs
• 🔥 Wildfire 1/10 Low
• 🌡 Heat 6/10 Major 7 d/yr ≥97°F today · 16 d/yr by 30 yrs out
• 💨 Wind 6/10 Major 71% chance of damaging wind over 30 yrs
• 🫁 Air quality 3/10 Moderate 4 unhealthy d/yr today · 4 by 30 yrs out

Taxation est. · year 1

• Rental income: $35,805
• − Mortgage interest: −$14,844
• − Property taxes: −$3,975
• − Insurance: −$1,992
• − Repairs & maintenance: −$2,864
• − Management: −$2,864
• − Depreciation: −$7,709
• Taxable income: $1,556
• Est. tax owed @ 24.0%: −$374
• After-tax cash flow: $5,270/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 · 12 photos

Good 75/100 Cosmetic rehab

A well-maintained, rent-stabilized co-op apartment with good condition and potential for value enhancement through minor updates.

Repairs flagged

• Minor kitchen backsplash — No backsplash visible
• Minor kitchen appliances — Older refrigerator

Value-add opportunities

• Both Painting the kitchen cabinets — Enhances curb appeal and interior aesthetics
• Both Upgrading the kitchen appliances — Improves functionality and appeal
• Both Landscaping and curb appeal improvements — Enhances overall property value and appeal

Renovation cost estimate screening

Repair item	Severity	Est. cost
kitchen backsplash · No backsplash visible	Minor	$500–3,000
kitchen appliances · Older refrigerator	Minor	$500–3,000
Total estimated repair cost · 2 items		$1,000–6,000

Value-add ROI direction

• Both Painting the kitchen cabinets — Enhances curb appeal and interior aesthetics ↑
• Both Upgrading the kitchen appliances — Improves functionality and appeal ↑
• Both Landscaping and curb appeal improvements — Enhances overall property value and appeal ↑

ⓘ 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)

• District: Lynbrook Union Free School District
• NCES district ID: 3617910
• Math proficiency: 75% ▬ 0.00%
• Reading proficiency: 73% ▲ 2.00%
• Median HH income: $93,436
• Composite: 66.85/100
• National rank: #404
• State rank: #72 of 590 in NY

Livability — Lynbrook

• Score: 88/100
• State rank: #10
• US rank: #221

Category grades

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

Schools grade is shown separately in the Schools card above.

Census & demographics

• Census place: Lynbrook, NY
• County: Nassau County · 653,051 people
• City population: 22,899
• Metro: New York-Newark-Jersey City, NY-NJ-PA
• Population (ZIP): 22,899
• Household income: $136,887
• Rent vs Own: 23.7% rent · 76.3% own
• Severe rent burden: 618.0

Population outlook (Nassau County) Hauer SSP2

• Today (2025): 1,409,302 people
• By 2030: 1,431,482 · +1.6%
• By 2040: 1,471,607 · +4.4%
• By 2050: 1,502,845 · +6.6%
• By 2075: 1,575,403 · +11.8%
• By 2100: 1,554,356 · +10.3%

Race, ethnicity, and origin ACS 2023

• Neighborhood character: Diverse neighborhood (Simpson 0.56)
• Race & ethnicity: White 62% Hispanic / Latino 21% Two or more races 10% Asian 7% Black 7%
• Hispanic origin (detail): Mexican 1% Puerto Rican 4% Cuban 2% Dominican 3%
• Common ancestry: Hispanic 2% Romanian 2% Scotch-Irish 2%
• Foreign-born: 17% · Canada, China, Jamaica
• Languages at home: 74% English-only · Spanish 13% Other Indo-European 7% French/Haitian/Cajun 2%

Political lean MEDSL · Nassau

• 2024 margin: Toss-up / Even · D 47.9% · R 52.1%
• 2008→2024 swing: -12.6pp toward R · 2008: 8.4pp · 2024: -4.2pp
• All cycles: 2024: R+4.2 2020: D+9.5 2016: D+5.3 2012: D+6.7 2008: D+8.4

Not yet ingested

• Civics: —

Market trends

• HPI YoY: ▼ -652.00%
• Current HPI: 317.1455
• 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

+113.7% since first listed

11 events — show timeline

• 2026-02-03 Listed $265,000 OneKey® MLS as Distributed by MLS Grid
• 2024-08-04 Listing Removed — OneKey® MLS as Distributed by MLS Grid
• 2024-02-15 Relisted — OneKey® MLS as Distributed by MLS Grid
• 2024-02-04 Listing Removed — OneKey® MLS as Distributed by MLS Grid
• 2023-11-14 Relisted — OneKey® MLS as Distributed by MLS Grid
• 2023-11-04 Listing Removed — OneKey® MLS as Distributed by MLS Grid
• 2023-09-28 Price Changed $250,000 OneKey® MLS as Distributed by MLS Grid
• 2023-08-07 Listed $275,000 OneKey® MLS as Distributed by MLS Grid
• 2021-12-15 Sold (MLS) $124,000 OneKey® MLS as Distributed by MLS Grid
• 2021-11-20 Pending — OneKey® MLS as Distributed by MLS Grid
• 2021-08-03 Listed $124,000 OneKey® MLS as Distributed by MLS Grid