636 N Terrace Ave Unit 2C · Mount Vernon, NY 10552

$89,900

1 bd · 1.0 ba · 600 sqft · Condo · 223 Days on market

Built 1968 ↓ 17% 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 +30.0/30.0
• 1% rule +10.0/10.0
• DSCR +10.0/10.0
• ARV discount +7.5/15.0
• Rent growth +4.3/5.0
• Schools +3.7/10.0
• Livability +3.6/5.0
• Condition / age +2.5/5.0
• Appreciation +0.0/10.0

Listing remarks MLS

Large & lovely, neat & sweet 1-bedroom cooperative in Fleetridge East on North Terrace Avenue in Fleetwood. Conveniently located near shopping, restaurants, & Metro North (less than 30 minutes to Grand Central) in a modern elevator building which has recently undergone many improvements. Enter to a large L-shaped living room with adjoining dining area. Lovely hardwood floors and designer custom shades will compliment your decorating touches. Modern updated kitchen with cooktop and wall oven. Large bedroom with a wall of closets. Two newer thru-the-wall ACs. Updated bath. Great storage as there are many closets throughout the apartment plus added basement storage. Laundry room on site, live-in super. Assigned parking. Sunny southern exposures for happy days ahead! Don't miss this opportunity to own a great 1-bedroom apartment in Fleetwood.

Key facts

• Local stores
• Eateries
• Transportation

Tags

• BRONX RIVER PARKWAY
• SCHOOLS
• PARKS
• EATERIES
• LOCAL STORES
• TRANSPORTATION

Property features AI

Finance

• Other:
• Financial info:
• HOA & community: Property is part of an association

Exterior

• Parking: Garage parking; One garage space; Parking fee applies
• Security:
• Utilities: Sewer: other; Utilities: see remarks
• Home design: Stock cooperative; Listed as fixer condition
• Construction:
• Exterior features: Brick exterior; Not waterfront

Interior

• Kitchen: Galley-style layout
• Bedrooms: 3 rooms total (includes bedroom(s) and living spaces)
• Flooring:
• Bathrooms: 1 full bathroom
• Heating & cooling: Natural gas heating; Steam heating; No cooling system
• Interior features: Galley-type kitchen; Soaking tub; Seven-story building; One-level unit; Pets allowed — contact association for details
• Laundry & utility: No appliances listed

What this means for you Summary

Snapshot

• This is a 1-bed/1.0-bath condo listed at $90k.

Deal economics

• At list price, monthly cash flow is $1k ($14k/yr) — positive.
• The deal already cash-flows at list — no discount required.
• Meets the 1% rule at list price ($2k rent vs $90k).
• Recommended offer: $79k (12.0% below list) — sets the bar for market timing.
• Cap rate 21.7% vs local median 5.3% in Mount Vernon — 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 71/100 on livability (#397 in NY) — a middle-class / working-renter tenant base. Strengths: commute A+, health & safety A, employment B; Watch: crime D-, cost of living F.
• Mount Vernon School District (suburban): math 35% / reading 50% proficiency, ranked #485 of 590 in NY (top 82%) — families likely to look elsewhere, expect single-tenant / working-renter base with shorter leases; 62% free/reduced lunch — lower-income household profile, screen leases tightly.
• Zoned schools: Rebecca Turner Elementary School (math 54% / reading 74%, grade B, #591 of 2,108 statewide, top 31%, 218 students, 70% FRL); Benjamin Turner Middle School (math 8% / reading 32%, grade F, #678 of 729 statewide, top 94%, 196 students, 71% FRL); Mount Vernon High School (math 54% / reading 75%, grade B-, #776 of 1,100 statewide, top 73%, 1,094 students, 76% FRL).
• Market conditions: Rents rising fast (+7.0%/yr); 125 active listings in the ZIP; 13 comparable units currently listed for rent nearby; rentals at typical pace (median 24d on market — plan ~3-4 weeks tenant-placement turnaround); solid renter incomes; 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 $622 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 + 7.0% rent growth), your $25k cash investment doubles in ~2 years — after that, you're playing with house money.

Negotiation context

• It's been on market 223 days — a 12% lower offer ($79k) is reasonable based on typical stale-listing flexibility.
• 4 sale attempts since 12y ago; this cycle's ask has dropped $35k (28%) 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 $79,112 (12.0% below list)

Questions for the listing agent

1. It's been on market 223 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 1968 — when were the roof, HVAC, electrical panel, plumbing, and water heater last replaced?
3. 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?
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. Crime grade is D 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: 2.50% ✓
• Cap rate: 21.72%
• Cash-on-cash: 55.10%
• DSCR: 3.45
• GRM: 3.3

CMA / ARV

No comps found within radius.

Projected returns pro-forma

-3.0% appreciation · 7.04% rent growth · sell at horizon

5-year hold

• IRR: 57.9%
• Equity multiple: 3.73×
• Total profit: $68,602
• Equity at exit: $13,404

10-year hold

• IRR: 64.2%
• Equity multiple: 8.83×
• Total profit: $197,116
• Equity at exit: $7,773

Cash invested: $25,172 (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 10552

• Rents YoY: 7.0%
• Active inventory: 125
• Price-to-rent: 3.3×

Monthly cashflow live

• Estimated rent: $2,250 high
• Mortgage (P&I): −$471
• Tax est. 1.5%: −$112 /mo · $1,348/yr
• Insurance: −$37
• HOA: −$0
• Vacancy / Maint / Mgmt: −$472
• Net cashflow: $1,156

Break-even live

Break-even rent $786

Max offer price $89,900

Occupancy floor 44%

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: $22,475
• Closing costs: $2,697
• Reserves months: —
• Total cash needed: —

Rent comps 13 comps

Address	Beds	Baths	Sqft	Rent	$/sqft	DOM	Units	Dist
669 N Terrace Ave Mount Vernon, NY	1.0	1.0	750	$2,031	$2.71	24d	1	0.10mi
33 William St Mount Vernon, NY	1.0–2.0	1.0	725	$1,850	$2.55	21d	2	0.10mi
42 Broad St W Mount Vernon, NY	3.0	1.0–2.0	955	$2,841	$2.97	1d	16	0.19mi
42 Broad St W Mount Vernon, NY	3.0	1.0–2.0	1014	$3,956	$3.90	24d	15	0.19mi
103 North St Mount Vernon, NY	1.0	1.0	720	$1,900	$2.64	20d	1	0.54mi
18 N Bond St Unit 3D Mt Vernon, NY	1.0	1.0	750	$2,000	$2.67	24d	1	0.88mi
13 N Bond St Mount Vernon, NY	1.0	1.0	600	$1,785	$2.98	24d	1	0.89mi
118 N Columbus Ave Mount Vernon, NY	1.0	1.0	650	$1,700	$2.62	24d	1	1.03mi
119 S 11th Ave Unit 1 Mt Vernon, NY	2.0	1.0	700	$2,800	$4.00	10d	1	1.17mi
2325 Cortlandt St Unit 4 Mt Vernon, NY	2.0	1.0	700	$2,300	$3.29	24d	1	1.17mi
277 Bronx River Rd Apt 3M Yonkers, NY	—	1.0	550	$1,700	$3.09	43d	1	1.25mi
7 Monroe St Unit 3A Mt Vernon, NY	2.0	1.0	600	$2,200	$3.67	18d	1	1.32mi
216 1st St Unit 1 Yonkers, NY	1.0	1.0	600	$2,000	$3.33	43d	1	1.43mi

HOA detail condo

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

Listing history 16 events

1. 2026-05-07
   status Pending
2. 2026-03-31
   price $89,900
3. 2026-02-26
   price $96,900
4. 2026-01-05
   price $99,900
5. 2025-12-02
   price $109,900
6. 2025-11-03
   price $119,900
7. 2025-09-25
   listed $124,900 Active
8. 2025-02-27
   historical
9. 2024-12-23
   listed $105,000 Active
10. 2015-01-30
    price $103,000 867-char remark

    Show marketing remark (867 chars)

    Large & lovely, neat & sweet 1-bedroom cooperative in Fleetridge East on North Terrace Avenue in Fleetwood. Conveniently located near shopping, restaurants, & Metro North (less than 30 minutes to Grand Central) in a modern elevator building which has recently undergone many improvements. Enter to a large L-shaped living room with adjoining dining area. Lovely hardwood floors and designer custom shades will compliment your decorating touches. Modern updated kitchen with cooktop and wall oven. Large bedroom with a wall of closets. Two newer thru-the-wall ACs. Updated bath. Great storage as there are many closets throughout the apartment plus added basement storage. Laundry room on site, live-in super. Assigned parking. Sunny southern exposures for happy days ahead! Don't miss this opportunity to own a great 1-bedroom apartment in Fleetwood.

11. 2015-01-30
    soldstatus $103,000 Sold 867-char remark

    Show marketing remark (867 chars)

    Large & lovely, neat & sweet 1-bedroom cooperative in Fleetridge East on North Terrace Avenue in Fleetwood. Conveniently located near shopping, restaurants, & Metro North (less than 30 minutes to Grand Central) in a modern elevator building which has recently undergone many improvements. Enter to a large L-shaped living room with adjoining dining area. Lovely hardwood floors and designer custom shades will compliment your decorating touches. Modern updated kitchen with cooktop and wall oven. Large bedroom with a wall of closets. Two newer thru-the-wall ACs. Updated bath. Great storage as there are many closets throughout the apartment plus added basement storage. Laundry room on site, live-in super. Assigned parking. Sunny southern exposures for happy days ahead! Don't miss this opportunity to own a great 1-bedroom apartment in Fleetwood.

12. 2015-01-30
    soldstatus $103,000

    Show marketing remark (867 chars)

    Large & lovely, neat & sweet 1-bedroom cooperative in Fleetridge East on North Terrace Avenue in Fleetwood. Conveniently located near shopping, restaurants, & Metro North (less than 30 minutes to Grand Central) in a modern elevator building which has recently undergone many improvements. Enter to a large L-shaped living room with adjoining dining area. Lovely hardwood floors and designer custom shades will compliment your decorating touches. Modern updated kitchen with cooktop and wall oven. Large bedroom with a wall of closets. Two newer thru-the-wall ACs. Updated bath. Great storage as there are many closets throughout the apartment plus added basement storage. Laundry room on site, live-in super. Assigned parking. Sunny southern exposures for happy days ahead! Don't miss this opportunity to own a great 1-bedroom apartment in Fleetwood.

13. 2014-10-24
    historical Pending 867-char remark

    Show marketing remark (867 chars)

    Large & lovely, neat & sweet 1-bedroom cooperative in Fleetridge East on North Terrace Avenue in Fleetwood. Conveniently located near shopping, restaurants, & Metro North (less than 30 minutes to Grand Central) in a modern elevator building which has recently undergone many improvements. Enter to a large L-shaped living room with adjoining dining area. Lovely hardwood floors and designer custom shades will compliment your decorating touches. Modern updated kitchen with cooktop and wall oven. Large bedroom with a wall of closets. Two newer thru-the-wall ACs. Updated bath. Great storage as there are many closets throughout the apartment plus added basement storage. Laundry room on site, live-in super. Assigned parking. Sunny southern exposures for happy days ahead! Don't miss this opportunity to own a great 1-bedroom apartment in Fleetwood.

14. 2014-10-24
    price $108,500 867-char remark

    Show marketing remark (867 chars)

    Large & lovely, neat & sweet 1-bedroom cooperative in Fleetridge East on North Terrace Avenue in Fleetwood. Conveniently located near shopping, restaurants, & Metro North (less than 30 minutes to Grand Central) in a modern elevator building which has recently undergone many improvements. Enter to a large L-shaped living room with adjoining dining area. Lovely hardwood floors and designer custom shades will compliment your decorating touches. Modern updated kitchen with cooktop and wall oven. Large bedroom with a wall of closets. Two newer thru-the-wall ACs. Updated bath. Great storage as there are many closets throughout the apartment plus added basement storage. Laundry room on site, live-in super. Assigned parking. Sunny southern exposures for happy days ahead! Don't miss this opportunity to own a great 1-bedroom apartment in Fleetwood.

15. 2014-09-12
    listed $108,500 Active 867-char remark

    Show marketing remark (867 chars)

    Large & lovely, neat & sweet 1-bedroom cooperative in Fleetridge East on North Terrace Avenue in Fleetwood. Conveniently located near shopping, restaurants, & Metro North (less than 30 minutes to Grand Central) in a modern elevator building which has recently undergone many improvements. Enter to a large L-shaped living room with adjoining dining area. Lovely hardwood floors and designer custom shades will compliment your decorating touches. Modern updated kitchen with cooktop and wall oven. Large bedroom with a wall of closets. Two newer thru-the-wall ACs. Updated bath. Great storage as there are many closets throughout the apartment plus added basement storage. Laundry room on site, live-in super. Assigned parking. Sunny southern exposures for happy days ahead! Don't miss this opportunity to own a great 1-bedroom apartment in Fleetwood.

16. 2014-09-12
    listed $108,500

    Show marketing remark (867 chars)

    Large & lovely, neat & sweet 1-bedroom cooperative in Fleetridge East on North Terrace Avenue in Fleetwood. Conveniently located near shopping, restaurants, & Metro North (less than 30 minutes to Grand Central) in a modern elevator building which has recently undergone many improvements. Enter to a large L-shaped living room with adjoining dining area. Lovely hardwood floors and designer custom shades will compliment your decorating touches. Modern updated kitchen with cooktop and wall oven. Large bedroom with a wall of closets. Two newer thru-the-wall ACs. Updated bath. Great storage as there are many closets throughout the apartment plus added basement storage. Laundry room on site, live-in super. Assigned parking. Sunny southern exposures for happy days ahead! Don't miss this opportunity to own a great 1-bedroom apartment in Fleetwood.

ⓘ 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 1/10 Low
• 🌡 Heat 6/10 Major 7 d/yr ≥98°F today · 15 d/yr by 30 yrs out
• 💨 Wind 6/10 Major 27% chance of damaging wind over 30 yrs
• 🫁 Air quality 5/10 Major 6 unhealthy d/yr today · 8 by 30 yrs out

Taxation est. · year 1

• Rental income: $26,995
• − Mortgage interest: −$5,036
• − Property taxes: −$1,348
• − Insurance: −$450
• − Repairs & maintenance: −$2,160
• − Management: −$2,160
• − Depreciation: −$2,615
• Taxable income: $13,227
• Est. tax owed @ 24.0%: −$3,174
• After-tax cash flow: $10,696/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)

• District: Mount Vernon School District
• NCES district ID: 3620100
• Math proficiency: 35% ▼ -3.00%
• Reading proficiency: 50% ▲ 6.00%
• Median HH income: $50,890
• Composite: 36.59/100
• National rank: #4631
• State rank: #485 of 590 in NY

Livability — Mount Vernon

• Score: 71/100
• State rank: #397
• US rank: #6876

Category grades

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

Schools grade is shown separately in the Schools card above.

Census & demographics

• Census place: Mount Vernon, NY
• County: Westchester County · 709,332 people
• City population: 61,313
• Metro: New York-Newark-Jersey City, NY-NJ-PA
• Population (ZIP): 22,341
• Household income: $96,717
• Rent vs Own: 35.3% rent · 64.7% own
• Severe rent burden: 652.0

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: Highly diverse neighborhood (Simpson 0.72)
• Race & ethnicity: Black 39% White 31% Hispanic / Latino 17% Two or more races 7% Asian 5%
• Hispanic origin (detail): Puerto Rican 5% Dominican 6%
• Common ancestry: Russian 2% Estonian 2% Hispanic 1%
• Foreign-born: 27% · Canada, China
• Languages at home: 74% English-only · Spanish 12% Other Indo-European 7% French/Haitian/Cajun 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: ▼ -393.94%
• Current HPI: 244.3166
• Rent YoY: ▲ 7.04%
• 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

-17.1% since first listed

16 events — show timeline

• 2026-05-07 Pending — OneKey® MLS as Distributed by MLS Grid
• 2026-03-31 Price Changed $89,900 OneKey® MLS as Distributed by MLS Grid
• 2026-02-26 Price Changed $96,900 OneKey® MLS as Distributed by MLS Grid
• 2026-01-05 Price Changed $99,900 OneKey® MLS as Distributed by MLS Grid
• 2025-12-02 Price Changed $109,900 OneKey® MLS as Distributed by MLS Grid
• 2025-11-03 Price Changed $119,900 OneKey® MLS as Distributed by MLS Grid
• 2025-09-25 Listed $124,900 OneKey® MLS as Distributed by MLS Grid
• 2025-02-27 Listing Removed — OneKey® MLS as Distributed by MLS Grid
• 2024-12-23 Listed $105,000 OneKey® MLS as Distributed by MLS Grid
• 2015-01-30 Sold (MLS) $103,000 HGMLS
• 2015-01-30 Price Changed $103,000 HGMLS
• 2015-01-30 Sold (MLS) $103,000 OneKey® MLS as Distributed by MLS Grid
• 2014-10-24 Contingent — HGMLS
• 2014-10-24 Price Changed $108,500 HGMLS
• 2014-09-12 Listed $108,500 HGMLS
• 2014-09-12 Listed $108,500 OneKey® MLS as Distributed by MLS Grid