1823 Anthony Ave · New York, NY 10457

$1,150,000

9 bd · 5.1 ba · 2,548 sqft · MultiFamily public records · 27 Days on market

Built 1901 2,250 sqft lot Est $925k · 24% 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 +22.9/30.0
• DSCR +7.3/10.0
• Appreciation +7.1/10.0
• Schools +5.0/10.0
• 1% rule +4.8/10.0
• Livability +3.8/5.0
• Rent growth +2.5/5.0
• Condition / age +2.5/5.0
• ARV discount +0.0/15.0

Multi-family units

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

Listing remarks

Welcome to 1823 Anthony Avenue, a massive, meticulously maintained two-unit residence located in the heart of the Mt. Hope section of the Bronx. With a total of 10 bedrooms and 5 bathrooms across both units, this property offers over 2,500 sq. ft. of living space and unmatched rental income potential. Each unit features a generous layout with five well-sized bedrooms, updated kitchens, and ample living areas, making it ideal for investors or households seeking flexible, multi-generational living. The home also includes a private entrance for each unit and has been cared for with the highest attention to detail. Situated on a 2,250 sq. ft. lot, this property is just minutes from local school

Key facts

• 2,250 sq ft lot
• Built 1901
• Listed 27 days

Property features AI

Exterior

• Parking: No carport; Other parking features
• Utilities: Public sewer; Public trash collection
• Home design: Duplex
• Construction: Frame construction
• Exterior features: Frame construction; Not waterfront

Interior

• Bedrooms: Three 4-bedroom units
• Bathrooms: Five full bathrooms
• Heating & cooling: Natural gas heating; Other heating; No central cooling
• Interior features: Finished basement; Other interior features

What this means for you Summary

Snapshot

• This is a 3 × 3-bed/?-bath units multifamily listed at $1.15M.

Deal economics

• At list price, monthly cash flow is $2k ($24k/yr) — positive. Per door: $673/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 $1.13M (2.2% below list).
• Recommended offer: $1.13M (2.2% below list) — sets the bar for 1% rule.
• Cap rate 8.4% 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: 47 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 $11,252/mo this rent would consume 316% of the median local household income ($43k/yr) (locally 8573% 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 $57k of equity ($8k loan paydown + $49k appreciation (4.3% local appreciation)).
• Bronx County population projected at +21% by 2050 — long-run rental-demand tailwind backs the buy-and-hold thesis.
• At projected returns (4.3% appreciation + 3.0% rent growth), your $322k cash investment doubles in ~4 years — after that, you're playing with house money.
• By year 2, paydown + projected appreciation supports a ~$92k cash-out refi (75% LTV) — recoverable capital for the next deal without selling this one.

Negotiation context

• It's been on market 27 days — a 2% lower offer ($1.13M) is reasonable based on typical stale-listing flexibility.
• 19 sale attempts since 18y 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 $125k; list at $1.15M implies a 820% 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 $1,125,200 (2.2% 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 1901 — 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. 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?
6. 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?
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 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: 0.98% ✗
• Cap rate: 8.40%
• Cash-on-cash: 7.52%
• DSCR: 1.33
• GRM: 8.5

CMA / ARV

• ARV (on-the-fly): $924,924
• Comps found: 2

Show comp detail 2 sales within ~0.75 mi

Address	Dist	Beds/Ba	Sqft	Sold	Price	$/sf	Match
1678 Monroe Ave	0.25mi	8/3.0 (-1)	2,820 (+11%)	7mo	$1,025,000	$363	52
118 Rockwood St	0.60mi	8/3.0 (-1)	2,580 (+1%)	20mo	$850,000	$329	40

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

Projected returns pro-forma

4.3% appreciation · 3.0% rent growth · sell at horizon

5-year hold

• IRR: 17.7%
• Equity multiple: 2.08×
• Total profit: $347,473
• Equity at exit: $603,086

10-year hold

• IRR: 18.2%
• Equity multiple: 3.99×
• Total profit: $961,952
• Equity at exit: $1,002,715

Cash invested: $322,000 (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 10457

• Home prices YoY: 2.8%
• Active inventory: 47
• Price-to-rent: 25.6×

Monthly cashflow live

• Estimated rent: $11,252 medium
• Mortgage (P&I): −$6,031
• Tax from tax record: −$360 /mo · $4,322/yr
• Insurance: −$479
• HOA: −$0
• Vacancy / Maint / Mgmt: −$2,363
• Net cashflow: $2,019

Break-even live

Break-even rent $8,696

Max offer price $1,150,000

Occupancy floor 77%

Sensitivity live

Price	-10% $2,670	-5% $2,345	+0% $2,019	+5% $1,694	+10% $1,368
Rent	-10% $1,130	-5% $1,575	+0% $2,019	+5% $2,463	+10% $2,908
Rate	-1.0pp $2,598	-0.5pp $2,312	base $2,019	+0.5pp $1,721	+1.0pp $1,418

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

Units	Beds	Baths	Est. rent
▸ 3× units	3	—	$11,253
Total (3 units)			$11,252

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: $287,500
• Closing costs: $34,500
• Reserves months: —
• Total cash needed: —

Listing history 50 events

1. 2026-06-18
   days on market $1,150,000 Active 27 DOM
2. 2026-06-17
   days on market $1,150,000 Active 26 DOM
3. 2026-06-16
   days on market $1,150,000 Active 25 DOM
4. 2026-06-15
   days on market $1,150,000 Active 24 DOM
5. 2026-06-13
   days on market $1,150,000 Active 22 DOM
6. 2026-06-10
   days on market $1,150,000 Active 18 DOM
7. 2026-06-08
   days on market $1,150,000 Active 17 DOM
8. 2026-06-08
   days on market $1,150,000 Active 16 DOM
9. 2026-06-04
   days on market $1,150,000 Active 13 DOM
10. 2026-06-03
    days on market $1,150,000 Active 12 DOM
11. 2026-06-02
    days on market $1,150,000 Active 11 DOM
12. 2026-06-01
    days on market $1,150,000 Active 10 DOM
13. 2026-05-31
    days on market $1,150,000 Active 9 DOM
14. 2026-05-22
    listed $1,150,000 Active
15. 2026-05-21
    historical $1,150,000
16. 2026-05-20
    historical
17. 2026-04-24
    listed $1,150,000 Active
18. 2026-04-23
    historical
19. 2026-04-22
    historical
20. 2026-03-22
    listed $1,150,000 Active
21. 2026-03-20
    historical
22. 2026-03-20
    historical
23. 2026-02-19
    listed $1,150,000 Active
24. 2026-02-18
    historical
25. 2026-02-17
    historical
26. 2026-01-18
    listed $1,150,000 Active
27. 2026-01-18
    historical
28. 2026-01-16
    historical
29. 2025-12-26
    listed $1,150,000 Active
30. 2025-12-24
    historical
31. 2025-12-23
    historical
32. 2025-11-28
    listed $999,000 Active
33. 2025-11-26
    historical
34. 2025-11-25
    historical
35. 2025-10-30
    listed $999,000 Active
36. 2025-10-29
    historical
37. 2025-10-28
    historical
38. 2025-10-03
    listed $999,000 Active
39. 2025-10-01
    historical
40. 2025-09-30
    historical
41. 2025-09-04
    listed $999,000 Active
42. 2025-09-03
    historical
43. 2025-09-02
    historical
44. 2025-07-31
    listed $999,000 Active
45. 2025-07-30
    historical
46. 2025-07-29
    historical
47. 2025-06-24
    historical
48. 2025-06-23
    listed $999,000 Active
49. 2025-06-20
    historical
50. 2025-05-14
    listed $999,000 Active

ⓘ 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: $4,322 · $360/mo
• Projected year-2 tax: $11,878 · $990/mo
• Expected delta: +$7,557/yr (+$630/mo · 174.9%)

ⓘ 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: $135,024
• − Mortgage interest: −$64,418
• − Property taxes: −$4,322
• − Insurance: −$5,750
• − Repairs & maintenance: −$10,802
• − Management: −$10,802
• − Depreciation: −$33,455
• Taxable income: $5,476
• Est. tax owed @ 24.0%: −$1,314
• After-tax cash flow: $22,914/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): 79,543
• Household income: $42,683
• Rent vs Own: 94.8% rent · 5.2% own
• Severe rent burden: 8573.0

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: Majority Hispanic (63%)
• Race & ethnicity: Hispanic / Latino 63% Black 32% Two or more races 19% White 2% Native American 1%
• Hispanic origin (detail): Mexican 7% Puerto Rican 16% Dominican 31%
• Common ancestry: Hispanic 1%
• Foreign-born: 39% · Canada, United Kingdom, Jamaica
• Languages at home: 33% English-only · Spanish 54% French/Haitian/Cajun 2% Arabic 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: ▲ 4.30%
• Current HPI: 160.6434
• 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

+2455.6% since first listed

60 events — show timeline

• 2026-05-22 Listed $1,150,000 OneKey® MLS as Distributed by MLS Grid
• 2026-05-21 Coming Soon $1,150,000 OneKey® MLS as Distributed by MLS Grid
• 2026-05-20 Listing Removed — OneKey® MLS as Distributed by MLS Grid
• 2026-04-24 Listed $1,150,000 OneKey® MLS as Distributed by MLS Grid
• 2026-04-23 Coming Soon — OneKey® MLS as Distributed by MLS Grid
• 2026-04-22 Listing Removed — OneKey® MLS as Distributed by MLS Grid
• 2026-03-22 Listed $1,150,000 OneKey® MLS as Distributed by MLS Grid
• 2026-03-20 Coming Soon — OneKey® MLS as Distributed by MLS Grid
• 2026-03-20 Listing Removed — OneKey® MLS as Distributed by MLS Grid
• 2026-02-19 Listed $1,150,000 OneKey® MLS as Distributed by MLS Grid
• 2026-02-18 Coming Soon — OneKey® MLS as Distributed by MLS Grid
• 2026-02-17 Listing Removed — OneKey® MLS as Distributed by MLS Grid
• 2026-01-18 Listed $1,150,000 OneKey® MLS as Distributed by MLS Grid
• 2026-01-18 Coming Soon — OneKey® MLS as Distributed by MLS Grid
• 2026-01-16 Listing Removed — OneKey® MLS as Distributed by MLS Grid
• 2025-12-26 Listed $1,150,000 OneKey® MLS as Distributed by MLS Grid
• 2025-12-24 Coming Soon — OneKey® MLS as Distributed by MLS Grid
• 2025-12-23 Listing Removed — OneKey® MLS as Distributed by MLS Grid
• 2025-11-28 Listed $999,000 OneKey® MLS as Distributed by MLS Grid
• 2025-11-26 Coming Soon — OneKey® MLS as Distributed by MLS Grid
• 2025-11-25 Listing Removed — OneKey® MLS as Distributed by MLS Grid
• 2025-10-30 Listed $999,000 OneKey® MLS as Distributed by MLS Grid
• 2025-10-29 Coming Soon — OneKey® MLS as Distributed by MLS Grid
• 2025-10-28 Listing Removed — OneKey® MLS as Distributed by MLS Grid
• 2025-10-03 Listed $999,000 OneKey® MLS as Distributed by MLS Grid
• 2025-10-01 Coming Soon — OneKey® MLS as Distributed by MLS Grid
• 2025-09-30 Listing Removed — OneKey® MLS as Distributed by MLS Grid
• 2025-09-04 Listed $999,000 OneKey® MLS as Distributed by MLS Grid
• 2025-09-03 Coming Soon — OneKey® MLS as Distributed by MLS Grid
• 2025-09-02 Listing Removed — OneKey® MLS as Distributed by MLS Grid
• 2025-07-31 Listed $999,000 OneKey® MLS as Distributed by MLS Grid
• 2025-07-30 Coming Soon — OneKey® MLS as Distributed by MLS Grid
• 2025-07-29 Listing Removed — OneKey® MLS as Distributed by MLS Grid
• 2025-06-24 Listing Removed — OneKey® MLS as Distributed by MLS Grid
• 2025-06-23 Listed $999,000 OneKey® MLS as Distributed by MLS Grid
• 2025-06-20 Coming Soon — OneKey® MLS as Distributed by MLS Grid
• 2025-05-14 Listed $999,000 OneKey® MLS as Distributed by MLS Grid
• 2025-05-13 Coming Soon — OneKey® MLS as Distributed by MLS Grid
• 2025-05-12 Listing Removed — OneKey® MLS as Distributed by MLS Grid
• 2025-04-03 Listed $999,000 OneKey® MLS as Distributed by MLS Grid
• 2025-04-02 Coming Soon — OneKey® MLS as Distributed by MLS Grid
• 2025-04-01 Listing Removed — OneKey® MLS as Distributed by MLS Grid
• 2025-02-20 Listed $999,000 OneKey® MLS as Distributed by MLS Grid
• 2025-02-19 Coming Soon — OneKey® MLS as Distributed by MLS Grid
• 2025-01-24 Listing Removed — OneKey® MLS as Distributed by MLS Grid
• 2025-01-08 Listed $1,175,000 OneKey® MLS as Distributed by MLS Grid
• 2025-01-05 Coming Soon — OneKey® MLS as Distributed by MLS Grid
• 2024-05-31 Listing Removed — OneKey® MLS as Distributed by MLS Grid
• 2024-02-29 Listed $998,000 OneKey® MLS as Distributed by MLS Grid
• 2016-04-29 Sold (Public Records) $125,000 Public Records
• 2014-06-01 Listing Removed — OneKey® MLS as Distributed by MLS Grid
• 2013-12-04 Listed $339,000 OneKey® MLS as Distributed by MLS Grid
• 2009-06-01 Delisted — HGMLS
• 2008-07-08 Listed — HGMLS
• 2006-01-12 Sold (Public Records) $399,000 Public Records
• 2001-08-20 Sold (Public Records) $106,000 Public Records
• 2000-11-13 Sold (Public Records) $160,000 Public Records
• 1989-12-11 Sold (Public Records) $110,000 Public Records
• 1989-04-21 Sold (Public Records) $60,000 Public Records
• 1988-11-30 Sold (Public Records) $45,000 Public Records

Property tax history

+8.3%/yr

Latest (2025): $4,322 · +5.3% YoY. Source: county tax records.