25 Stewart Pl #514 · Mount Kisco, NY 10549

$85,000

1 bd · 1.0 ba · 825 sqft · Condo · 154 Days on market

Built 1969 Fair condition $103/sqft · 34% below area Est $130k · 34% under ↓ 14% since listing

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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 +29.8/30.0
• ARV discount +15.0/15.0
• 1% rule +10.0/10.0
• DSCR +10.0/10.0
• Schools +5.3/10.0
• Livability +3.3/5.0
• Rent growth +2.5/5.0
• Condition / age +2.2/5.0
• Appreciation +0.0/10.0

Listing remarks MLS

Sunny and spacious 1 bedroom, 1 bath in Stewart Heights offers an incredible opportunity to renovate and customize to your taste. Stewart Heights is ideally located in the center of Mt Kisco, NY just five minutes from shopping, dining, the train station, healthcare, and major parkways. Ready for updates, this unit features a living and dining area, kitchen, bath and bedroom. Additional storage includes a linen closet and entry closet. Each floor includes a shared laundry room, and extra storage space is available on the main level. On-site superintendent, one assigned parking spot, heat & hot water included in monthly maintenance.

Key facts

• Extra storage space
• Shared laundry room
• Center of mt kisco

Tags

• CENTER OF MT KISCO
• SHARED LAUNDRY ROOM
• EXTRA STORAGE SPACE
• ON-SITE SUPERINTENDENT

What this means for you Summary

Snapshot

• This is a 1-bed/1.0-bath condo listed at $85k. Condition is rated fair.

Deal economics

• At list price, monthly cash flow is $311 ($4k/yr) — positive.
• The deal already cash-flows at list — no discount required.
• Meets the 1% rule at list price ($2k rent vs $85k).
• Recommended offer: $75k (12.0% below list) — sets the bar for market timing.
• Cap rate 10.7% vs local median 2.5% in Mount Kisco — 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 66/100 on livability (#617 in NY) — a middle-class / working-renter tenant base. Strengths: employment A+, crime B+, housing B+; Watch: schools D-, amenities F, commute F.
• Bedford Central School District (rural): math 54% / reading 60% proficiency, ranked #211 of 590 in NY (top 36%) — acceptable for families but not a draw, mixed tenant base, ~2y average lease; only 10% free/reduced lunch — higher-income household profile.
• Market conditions: 109 active listings in the ZIP; 7 comparable units currently listed for rent nearby; rentals leasing fast (median 11d on market — plan ~1-2 weeks tenant-placement turnaround); high-income renter base; 954 units permitted in Westchester County in 2024 (649 in 5+ unit buildings).

Forward outlook

• Local home prices are declining (-3.0%/yr); year-one equity from $588 of loan paydown is wiped out by about $3k 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.
• At projected returns (-3.0% appreciation + 3.0% rent growth), your $24k cash investment doubles in ~8 years — after that, you're playing with house money.

Negotiation context

• It's been on market 154 days — a 12% lower offer ($75k) is reasonable based on typical stale-listing flexibility.
• 2 sale attempts; this cycle's ask has dropped $14k (14%) from the opening price — seller is motivated, your offer sets the floor, not the list.

Risks & watch-outs

• Watch-outs: HOA is 41% of rent.
• Climate carrying-cost: extreme-heat days projected 7→16/yr by 2055 (HVAC capex compounding) — expect insurance premiums to compound above CPI over the hold.

Recommended offer $74,800 (12.0% below list)

Questions for the listing agent

1. It's been on market 154 days. Have you received any prior offers? Is the seller open to a 12% concession, seller financing, or rate buy-down credit?
2. Have any recent inspections been done? Can we get a copy of the seller's disclosures and any deferred-maintenance estimates?
3. Built in 1969 — when were the roof, HVAC, electrical panel, plumbing, and water heater last replaced?
4. What does the HOA fee cover, when was the last increase, and are there any pending special assessments or reserve-fund shortfalls?
5. Any open or pending special assessments — roof, HVAC, plumbing, elevator, façade? What's the per-unit balance and payoff schedule, and is the seller paying it off at close or rolling it to the buyer?
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 D-rated, which usually means shorter tenancies and higher turnover. Who's the typical renter profile here, and what's been the actual vacancy rate?
9. 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.
10. 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.
11. 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: 2.82% ✓
• Cap rate: 10.68%
• Cash-on-cash: 15.68%
• DSCR: 1.70
• GRM: 3.0

CMA / ARV

• ARV (median comp): $129,654
• List price: $85,000
• Delta: -34.44%
• 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: 7.1%
• Equity multiple: 1.28×
• Total profit: $6,681
• Equity at exit: $12,674

10-year hold

• IRR: 16.9%
• Equity multiple: 2.43×
• Total profit: $33,949
• Equity at exit: $7,349

Cash invested: $23,800 (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 10549

• Active inventory: 109
• Price-to-rent: 3.0×

Monthly cashflow live

• Estimated rent: $2,393 high
• Mortgage (P&I): −$446
• Tax est. 1.5%: −$106 /mo · $1,275/yr
• Insurance: −$35
• HOA est. from 2 same-building comps: −$992
• Vacancy / Maint / Mgmt: −$503
• Net cashflow: $311

Break-even live

Break-even rent $1,999

Max offer price $85,000

Occupancy floor 82%

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: $21,250
• Closing costs: $2,550
• Reserves months: —
• Total cash needed: —

Rent comps 7 comps

Address	Beds	Baths	Sqft	Rent	$/sqft	DOM	Units	Dist
37 W Main St Apt 6 Mt Kisco, NY	2.0	1.0	750	$2,100	$2.80	43d	1	0.26mi
59 Carpenter Ave Unit 59A Mt Kisco, NY	2.0	1.5	1100	$2,800	$2.55	19d	1	0.33mi
119 Carpenter Ave Mount Kisco, NY	1.0	1.0	800	$2,100	$2.62	1d	1	0.47mi
280 West St Mt Kisco, NY	1.0	1.0	720	$2,215	$3.08	1d	1	0.84mi
107 Sutton Dr Unit 107 Mt Kisco, NY	2.0	2.0	1100	$3,800	$3.45	10d	1	0.94mi
39 Foxwood Cir Mount Kisco, NY	1.0	1.0	775	$2,950	$3.81	1d	1	1.17mi
3 New Castle Dr Mount Kisco, NY	2.0	1.0	640	$2,900	$4.53	44d	1	1.17mi

HOA detail condo

• Monthly dues: $0 · $0/yr
• Likely covers: waterparking
• Assessments: None detected in remarks — confirm with the listing agent.

Listing history 5 events

1. 2026-05-12
   status Pending 642-char remark

   Show marketing remark (642 chars)

   Sunny and spacious 1 bedroom, 1 bath in Stewart Heights offers an incredible opportunity to renovate and customize to your taste. Stewart Heights is ideally located in the center of Mt Kisco, NY just five minutes from shopping, dining, the train station, healthcare, and major parkways. Ready for updates, this unit features a living and dining area, kitchen, bath and bedroom. Additional storage includes a linen closet and entry closet. Each floor includes a shared laundry room, and extra storage space is available on the main level. On-site superintendent, one assigned parking spot, heat & hot water included in monthly maintenance.

2. 2026-04-24
   status Active 642-char remark

   Show marketing remark (642 chars)

   Sunny and spacious 1 bedroom, 1 bath in Stewart Heights offers an incredible opportunity to renovate and customize to your taste. Stewart Heights is ideally located in the center of Mt Kisco, NY just five minutes from shopping, dining, the train station, healthcare, and major parkways. Ready for updates, this unit features a living and dining area, kitchen, bath and bedroom. Additional storage includes a linen closet and entry closet. Each floor includes a shared laundry room, and extra storage space is available on the main level. On-site superintendent, one assigned parking spot, heat & hot water included in monthly maintenance.

3. 2026-02-05
   status Pending 642-char remark

   Show marketing remark (642 chars)

   Sunny and spacious 1 bedroom, 1 bath in Stewart Heights offers an incredible opportunity to renovate and customize to your taste. Stewart Heights is ideally located in the center of Mt Kisco, NY just five minutes from shopping, dining, the train station, healthcare, and major parkways. Ready for updates, this unit features a living and dining area, kitchen, bath and bedroom. Additional storage includes a linen closet and entry closet. Each floor includes a shared laundry room, and extra storage space is available on the main level. On-site superintendent, one assigned parking spot, heat & hot water included in monthly maintenance.

4. 2025-10-29
   price $85,000 642-char remark

   Show marketing remark (642 chars)

   Sunny and spacious 1 bedroom, 1 bath in Stewart Heights offers an incredible opportunity to renovate and customize to your taste. Stewart Heights is ideally located in the center of Mt Kisco, NY just five minutes from shopping, dining, the train station, healthcare, and major parkways. Ready for updates, this unit features a living and dining area, kitchen, bath and bedroom. Additional storage includes a linen closet and entry closet. Each floor includes a shared laundry room, and extra storage space is available on the main level. On-site superintendent, one assigned parking spot, heat & hot water included in monthly maintenance.

5. 2025-09-22
   listed $99,000 Active 642-char remark

   Show marketing remark (642 chars)

   Sunny and spacious 1 bedroom, 1 bath in Stewart Heights offers an incredible opportunity to renovate and customize to your taste. Stewart Heights is ideally located in the center of Mt Kisco, NY just five minutes from shopping, dining, the train station, healthcare, and major parkways. Ready for updates, this unit features a living and dining area, kitchen, bath and bedroom. Additional storage includes a linen closet and entry closet. Each floor includes a shared laundry room, and extra storage space is available on the main level. On-site superintendent, one assigned parking spot, heat & hot water included in monthly maintenance.

ⓘ 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 1/10 Low FEMA zone X (unshaded) · 0% chance over 30 yrs
• 🔥 Wildfire 3/10 Moderate
• 🌡 Heat 5/10 Major 7 d/yr ≥99°F today · 16 d/yr by 30 yrs out
• 💨 Wind 4/10 Moderate 24% chance of damaging wind over 30 yrs
• 🫁 Air quality 4/10 Moderate 4 unhealthy d/yr today · 6 by 30 yrs out

Taxation est. · year 1

• Rental income: $28,716
• − Mortgage interest: −$4,761
• − Property taxes: −$1,275
• − Insurance: −$425
• − Repairs & maintenance: −$2,297
• − Management: −$2,297
• − HOA: −$11,904
• − Depreciation: −$2,473
• Taxable income: $3,283
• Est. tax owed @ 24.0%: −$788
• After-tax cash flow: $2,944/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

Fair 45/100 Moderate rehab

This 1-bedroom, 1-bath condo in Stewart Heights requires moderate renovations to update the kitchen and bathroom, and replace the carpeted flooring. The exterior and foundation appear in good condition, and the location is ideal for both buyers and renters.

Repairs flagged

• Moderate kitchen cabinets — dated and in need of replacement
• Moderate kitchen countertops — dated and in need of replacement
• Major bathroom fixtures — dated and in need of replacement
• Major bathroom tile — dated and in need of replacement

Value-add opportunities

• Both update kitchen cabinets and countertops — modernizing the kitchen would appeal to both buyers and renters
• Both replace bathroom fixtures and tile — modernizing the bathroom would appeal to both buyers and renters
• Both paint interior walls — painting the interior walls would improve the overall appearance and appeal
• Both replace carpeted flooring — replacing the carpeted flooring with hardwood or tile would improve the overall appearance and appeal

Renovation cost estimate screening

Repair item	Severity	Est. cost
kitchen cabinets · dated and in need of replacement	Moderate	$3,000–15,000
kitchen countertops · dated and in need of replacement	Moderate	$3,000–15,000
bathroom fixtures · dated and in need of replacement	Major	$15,000–50,000
bathroom tile · dated and in need of replacement	Major	$15,000–50,000
Total estimated repair cost · 4 items		$36,000–130,000

Value-add ROI direction

• Both update kitchen cabinets and countertops — modernizing the kitchen would appeal to both buyers and renters ↑
• Both replace bathroom fixtures and tile — modernizing the bathroom would appeal to both buyers and renters ↑
• Both paint interior walls — painting the interior walls would improve the overall appearance and appeal ↑
• Both replace carpeted flooring — replacing the carpeted flooring with hardwood or tile would improve the overall appearance 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: Bedford Central School District
• NCES district ID: 3619950
• Math proficiency: 54% ▼ -9.00%
• Reading proficiency: 60% ▬ 0.00%
• Median HH income: $98,055
• Composite: 53.17/100
• National rank: #1508
• State rank: #211 of 590 in NY

Livability — Mount Kisco

• Score: 66/100
• State rank: #617
• US rank: #11203

Category grades

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

Schools grade is shown separately in the Schools card above.

Census & demographics

• Census place: Mount Kisco, NY
• County: Westchester County · 709,332 people
• City population: 16,135
• Metro: New York-Newark-Jersey City, NY-NJ-PA
• Population (ZIP): 16,135
• Household income: $133,988
• Rent vs Own: 23.2% rent · 76.8% own
• Severe rent burden: 368.0

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: Majority White (60%)
• Race & ethnicity: White 60% Hispanic / Latino 31% Two or more races 7% Black 4% Asian 3%
• Hispanic origin (detail): Mexican 2% Puerto Rican 4% Dominican 3%
• Common ancestry: Romanian 3% Scotch-Irish 3% Slovak 1%
• Foreign-born: 26% · Canada, Jamaica, China
• Languages at home: 62% English-only · Spanish 24% Other Indo-European 4% Russian/Polish/Slavic 2%

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: ▼ -371.21%
• Current HPI: 268.8086
• 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

-14.1% since first listed

5 events — show timeline

• 2026-05-12 Pending — OneKey® MLS as Distributed by MLS Grid
• 2026-04-24 Relisted — OneKey® MLS as Distributed by MLS Grid
• 2026-02-05 Pending — OneKey® MLS as Distributed by MLS Grid
• 2025-10-29 Price Changed $85,000 OneKey® MLS as Distributed by MLS Grid
• 2025-09-22 Listed $99,000 OneKey® MLS as Distributed by MLS Grid