1735 Mansion St · New York, NY 10460

$1,099,998

6 bd · 3.0 ba · 2,634 sqft · MultiFamily public records · 134 Days on market

Built 2007 1,009 sqft lot Est $1033k · 7% over

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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 +17.4/30.0
• Appreciation +8.7/10.0
• DSCR +5.4/10.0
• Schools +5.0/10.0
• ARV discount +4.6/15.0
• 1% rule +3.8/10.0
• Livability +3.8/5.0
• Rent growth +2.5/5.0
• Condition / age +2.5/5.0

Multi-family units

County records classify this as Multi-Family (2-4 Unit). Listing-text estimate: 3 units. confirmed

Listing remarks

LEGAL THREE-FAMILY WITH VACANT UNIT Excellent opportunity to own a legal three-family property in the Bronx with strong income The property consists of three spacious 2-bedroom / 1-bath apartments, each separately metered, with the owner responsible for only water and common-area electric. One apartment will be delivered vacant, creating immediate flexibility for an owner-occupant or investor. Current rents are $2,800 and $2,400 for the occupied units. The vacant 2-bedroom apartment is projected to rent for approximately $3,000 per month, bringing current achievable gross income to approximately $8,200 per month ($98,400 annually). At market rents, gross income potential is estimated at

Key facts

• 1,009 sq ft lot
• Built 2007
• Listed 134 days

Property features AI

Exterior

• Parking: Off-street parking
• Utilities: Public sewer; Electricity connected; Natural gas connected
• Home design: Quadruplex
• Construction: Brick construction
• Exterior features: Brick construction; Not waterfront

Interior

• Bedrooms: Three 2-bedroom units (multi-unit property)
• Bathrooms: Three full bathrooms
• Heating & cooling: Natural gas heating; Other heating; Wall/window air conditioning units
• Interior features: Finished basement; Other interior features

What this means for you Summary

Snapshot

• This is a 3 × 2-bed/1.0-bath units multifamily listed at $1.10M.

Deal economics

• At list price, monthly cash flow is $832 ($10k/yr) — positive. Per door: $277/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 $970k (11.8% below list).
• Recommended offer: $968k (12.0% below list) — sets the bar for market timing.
• Cap rate 7.2% 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: 78 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 $9,699/mo this rent would consume 321% of the median local household income ($36k/yr) (locally 7852% 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 $90k of equity ($8k loan paydown + $82k appreciation (7.5% local appreciation)).
• Bronx County population projected at +21% by 2050 — long-run rental-demand tailwind backs the buy-and-hold thesis.
• At projected returns (7.5% appreciation + 3.0% rent growth), your $308k cash investment doubles in ~3 years — after that, you're playing with house money.
• By year 2, paydown + projected appreciation supports a ~$144k cash-out refi (75% LTV) — recoverable capital for the next deal without selling this one.

Negotiation context

• It's been on market 134 days — a 12% lower offer ($968k) is reasonable based on typical stale-listing flexibility.
• 3 sale attempts since 3y ago; this cycle's ask has dropped $100k (8%) from the opening price — seller is motivated, your offer sets the floor, not the list.

Risks & watch-outs

• Climate carrying-cost: 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 $967,998 (12.0% below list)

Questions for the listing agent

1. It's been on market 134 days. Have you received any prior offers? Is the seller open to a 12% concession, seller financing, or rate buy-down credit?
2. Can we see the unit-by-unit rent roll, current vacancy, and any below-market leases? What's the average tenancy length?
3. What capital expenditures (roof, boiler, parking lot, exteriors) have been made in the last 5 years, and what's planned in the next 2?
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 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?
7. 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?
8. 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.
9. 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.
10. 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: 0.88% ✗
• Cap rate: 7.20%
• Cash-on-cash: 3.24%
• DSCR: 1.14
• GRM: 9.5

CMA / ARV

• ARV (on-the-fly): $1,032,528
• Comps found: 12

Show comp detail 12 sales within ~0.75 mi

Address	Dist	Beds/Ba	Sqft	Sold	Price	$/sf	Match
1620 Taylor Ave	0.27mi	6/3.0	2,805 (+6%)	1mo	$1,100,000	$392	76
1270 Rosedale Ave	0.44mi	6/3.0	2,560 (-3%)	2mo	$999,999	$391	73
1337 Commonwealth Ave	0.29mi	6/2.0	2,680 (+2%)	11mo	$1,075,000	$401	70
1283 Croes Ave	0.42mi	6/3.0	2,530 (-4%)	12mo	$850,000	$336	64
1719 E 172nd St	0.38mi	6/3.0	2,500 (-5%)	14mo	$940,000	$376	62
1248 Noble Ave	0.47mi	7/2.0 (+1)	2,593 (-2%)	7mo	$999,000	$385	60
1532 Saint Lawrence Ave	0.14mi	6/2.0	2,288 (-13%)	13mo	$915,000	$400	57
1253 Ward Ave	0.65mi	7/3.0 (+1)	2,544 (-3%)	6mo	$1,100,000	$432	54
1333 Bronx River Ave	0.69mi	5/2.0 (-1)	2,600 (-1%)	4mo	$875,000	$337	53
1106 Saint Lawrence Ave	0.73mi	6/2.0	2,800 (+6%)	9mo	$1,100,000	$393	44
1261 Fteley Ave	0.48mi	7/2.0 (+1)	2,296 (-13%)	6mo	$999,000	$435	43
1852 Amethyst St	0.59mi	7/5.0 (+1)	2,954 (+12%)	2mo	$1,125,000	$381	37

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

Projected returns pro-forma

7.46% appreciation · 3.0% rent growth · sell at horizon

5-year hold

• IRR: 21.3%
• Equity multiple: 2.52×
• Total profit: $468,420
• Equity at exit: $795,910

10-year hold

• IRR: 19.8%
• Equity multiple: 5.28×
• Total profit: $1,318,953
• Equity at exit: $1,543,366

Cash invested: $307,999 (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 10460

• Home prices YoY: 3.5%
• Active inventory: 78
• Price-to-rent: 28.4×

Monthly cashflow live

• Estimated rent: $9,699 medium
• Mortgage (P&I): −$5,769
• Tax from tax record: −$603 /mo · $7,236/yr
• Insurance: −$458
• HOA: −$0
• Vacancy / Maint / Mgmt: −$2,037
• Net cashflow: $832

Break-even live

Break-even rent $8,645

Max offer price $1,099,998

Occupancy floor 86%

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

Units	Beds	Baths	Est. rent
▸ 3× units	2	1	$9,699
Total (3 units)			$9,699

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: $275,000
• Closing costs: $33,000
• Reserves months: —
• Total cash needed: —

Listing history 5 events

1. 2026-06-18
   days on market $1,099,998 Active 134 DOM
2. 2026-06-17
   pricedays on market $1,099,998 Active 133 DOM
3. 2026-06-15
   days on market $1,099,999 Active 131 DOM
4. 2026-06-13
   remarks 699-char remark
5. 2026-06-13
   listed $1,099,999 Active 129 DOM

ⓘ 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: $7,236 · $603/mo
• Projected year-2 tax: $12,913 · $1,076/mo
• Expected delta: +$5,677/yr (+$473/mo · 78.4%)

ⓘ 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 · 15 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: $116,388
• − Mortgage interest: −$61,617
• − Property taxes: −$7,236
• − Insurance: −$5,500
• − Repairs & maintenance: −$9,311
• − Management: −$9,311
• − Depreciation: −$32,000
• Taxable loss: −$8,587
• Est. tax savings @ 24.0%: +$2,061
• After-tax cash flow: $12,049/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): 59,396
• Household income: $36,309
• Rent vs Own: 90.6% rent · 9.4% own
• Severe rent burden: 7852.0

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: Predominantly Hispanic (65%)
• Race & ethnicity: Hispanic / Latino 65% Black 27% Two or more races 20% White 3% Native American 1%
• Hispanic origin (detail): Mexican 4% Puerto Rican 23% Dominican 28%
• Foreign-born: 33% · Canada
• Languages at home: 38% English-only · Spanish 54% French/Haitian/Cajun 2% 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: ▲ 7.46%
• Current HPI: 224.0425
• 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

+44926.6% since first listed

8 events — show timeline

• 2026-06-10 Price Changed $1,099,999 OneKey® MLS as Distributed by MLS Grid
• 2026-06-10 Relisted — OneKey® MLS as Distributed by MLS Grid
• 2025-12-11 Price Changed $1,199,996 OneKey® MLS as Distributed by MLS Grid
• 2025-11-21 Price Changed $1,199,997 OneKey® MLS as Distributed by MLS Grid
• 2025-11-14 Price Changed $1,199,998 OneKey® MLS as Distributed by MLS Grid
• 2025-10-30 Listed $1,199,999 OneKey® MLS as Distributed by MLS Grid
• 2023-08-15 Rental Removed $2,443 ONEKEY
• 2023-08-10 Listed for Rent $2,443 ONEKEY

Property tax history

+1.7%/yr

Latest (2025): $7,236 · +0.8% YoY. Source: county tax records.