5635 Netherland Ave Unit 4E · New York, NY 10471

$144,000

1 bd · 1.0 ba · 0 sqft · Condo public records · 408 Days on market

Built 1949 ↓ 4% 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
• Schools +5.0/10.0
• Livability +3.8/5.0
• Rent growth +2.5/5.0
• Condition / age +2.5/5.0
• Appreciation +0.0/10.0

Listing remarks MLS

Bright and cheerful one bedroom is ready and waiting for a new owner! You'll find the space and convenience you crave,for a price you'll love, in this lovely fourth floor unit with nicely updated kitchen and bath, hardwood floors and generous closets. Affordable maintenance includes heat, water and electricity! Wonderful North Riverdale location near shopping, transportation, schools, Riverdale Y, Neighborhood House and more. Cats are welcome, but no dogs, please!

Key facts

• Bright kitchen
• Laundry room
• Built 1949

Tags

• ORIGINAL HARDWOOD FLOORS
• ABUNDANT NATURAL LIGHT
• BRIGHT KITCHEN
• LAUNDRY ROOM
• WELL-MAINTAINED BUILDING
• EASY ACCESS TO TRANSPORTATION

Property features AI

Finance

• HOA & community: Additional monthly assessment of $49.72

Exterior

• Parking: Parking fee required (monthly $100); No carport
• Utilities: Con-Edison electric; Public sewer; Cable connected; Electricity connected; Natural gas connected; Sewer connected; Public trash collection; Water connected
• Home design: Stock cooperative
• Construction: Brick construction
• Exterior features: Brick construction; Not waterfront

Interior

• Kitchen: Dishwasher; Gas oven; Refrigerator
• Bedrooms: 4 total rooms (includes bedrooms and living spaces)
• Flooring: Hardwood floors
• Bathrooms: 1 full bathroom
• Heating & cooling: Natural gas heating; Wall/window air conditioning units
• Interior features: Entrance foyer; Formal dining area; Galley-style kitchen; High-speed internet
• Laundry & utility: Common area laundry

What this means for you Summary

Snapshot

• This is a 1-bed/1.0-bath condo listed at $144k.

Deal economics

• At list price, monthly cash flow is $799 ($10k/yr) — positive.
• The deal already cash-flows at list — no discount required.
• Meets the 1% rule at list price ($2k rent vs $144k).
• Recommended offer: $127k (12.0% below list) — sets the bar for market timing.
• Cap rate 13.0% 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: 200 active listings in the ZIP; 40 comparable units currently listed for rent nearby; rentals lingering (median 44d on market — plan ~5-8 weeks vacancy on turnover, expect pricing pressure); 55% of comp listings sitting > 30 days — soft ceiling on asking rent; solid renter incomes; 6,929 units permitted in Bronx County in 2024 (6,829 in 5+ unit buildings).

Forward outlook

• Local home prices are declining (-3.0%/yr); year-one equity from $996 of loan paydown is wiped out by about $4k of value loss. Plan a longer hold.
• Bronx County population projected at +21% by 2050 — long-run rental-demand tailwind backs the buy-and-hold thesis.
• At projected returns (-3.0% appreciation + 3.0% rent growth), your $40k cash investment doubles in ~6 years — after that, you're playing with house money.

Negotiation context

• It's been on market 408 days — a 12% lower offer ($127k) is reasonable based on typical stale-listing flexibility.
• 9 sale attempts since 12y 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.

Risks & watch-outs

• Watch-outs: built in 1949 — expect roof / HVAC / electrical / plumbing capex.
• 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 $126,720 (12.0% below list)

Questions for the listing agent

1. It's been on market 408 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 1949 — 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. 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: 1.58% ✓
• Cap rate: 12.95%
• Cash-on-cash: 23.78%
• DSCR: 2.06
• GRM: 5.3

CMA / ARV

No comps found within radius.

Projected returns pro-forma

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

5-year hold

• IRR: 17.0%
• Equity multiple: 1.68×
• Total profit: $27,594
• Equity at exit: $21,471

10-year hold

• IRR: 25.5%
• Equity multiple: 3.22×
• Total profit: $89,702
• Equity at exit: $12,450

Cash invested: $40,320 (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 10471

• Active inventory: 200
• Price-to-rent: 5.3×

Monthly cashflow live

• Estimated rent: $2,271 high
• Mortgage (P&I): −$755
• Tax est. 1.5%: −$180 /mo · $2,160/yr
• Insurance: −$60
• HOA: −$0
• Vacancy / Maint / Mgmt: −$477
• Net cashflow: $799

Break-even live

Break-even rent $1,260

Max offer price $144,000

Occupancy floor 60%

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: $36,000
• Closing costs: $4,320
• Reserves months: —
• Total cash needed: —

Rent comps 40 comps

Address	Beds	Baths	Sqft	Rent	$/sqft	DOM	Units	Dist
527 Riverdale Ave Apt 6U Yonkers, NY	—	1.0	—	$1,379	—	20d	1	0.65mi
527 Riverdale Ave Yonkers, NY	2.0	1.0	—	$2,662	—	43d	1	0.65mi
527 Riverdale Ave Yonkers, NY	—	1.0	—	$1,379	—	20d	1	0.65mi
527 Riverdale Ave Yonkers, NY	1.0	1.0	—	$2,364	—	12d	1	0.65mi
525 Riverdale Ave Unit 2E Yonkers, NY	2.0	1.0	—	$2,661	—	43d	1	0.66mi
40 Caryl Ave Yonkers, NY	2.0	1.0	—	$2,550	—	43d	1	0.73mi
40 Caryl Ave Yonkers, NY	1.0	1.0	39505	$2,500	$0.06	24d	1	0.73mi
76 Bruce Ave Yonkers, NY	2.0	1.0	—	$2,600	—	43d	1	0.87mi
609 Van Cortlandt Park Ave Yonkers, NY	1.0	1.0	—	$2,300	—	43d	1	0.89mi
506 S Broadway Yonkers, NY	2.0	1.0	—	$2,500	—	43d	1	0.89mi
506 S Broadway Yonkers, NY	1.0	1.0	—	$2,350	—	24d	1	0.89mi
506 S Broadway Yonkers, NY	2.0	1.0	—	$2,650	—	13d	1	0.89mi
2 Lawrence St Yonkers, NY	1.0	1.0	—	$1,500	—	43d	1	0.91mi
490 S Broadway Yonkers, NY	1.0	1.0	—	$2,350	—	7d	1	0.93mi
154 Radford St Unit 4C Yonkers, NY	2.0	1.0	—	$2,300	—	12d	1	0.93mi
249 McLean Ave Unit 1B Yonkers, NY	1.0	1.0	700	$2,500	$3.57	17d	1	0.95mi
36 Bruce Ave Yonkers, NY	1.0	1.0	625	$1,785	$2.86	43d	1	0.97mi
14 Coyle Pl Unit 1A Yonkers, NY	2.0	1.0	—	$2,300	—	43d	1	0.97mi
14 Coyle Pl Unit 4D Yonkers, NY	1.0	1.0	—	$2,300	—	43d	1	0.97mi
155 Elliott Ave Yonkers, NY	1.0	1.0	—	$2,300	—	43d	1	1.00mi
14 Saratoga Ave Yonkers, NY	2.0	1.0	—	$2,400	—	7d	1	1.00mi
495 Van Cortlandt Park Ave Yonkers, NY	1.0	1.0	—	$2,300	—	43d	1	1.02mi
153 McLean Ave Yonkers, NY	2.0	1.0	—	$2,700	—	1d	1	1.10mi
153 McLean Ave Yonkers, NY	2.0	1.0	—	$2,700	—	24d	1	1.10mi
82 Hamilton Ave Yonkers, NY	1.0	1.0	—	$2,100	—	43d	1	1.17mi
78 Hamilton Ave Unit 42 Yonkers, NY	1.0	1.0	—	$2,350	—	43d	1	1.18mi
78 Hamilton Ave Yonkers, NY	2.0	1.0	—	$2,500	—	43d	1	1.18mi
65 Livingston Ave Yonkers, NY	2.0	1.0	—	$2,600	—	43d	1	1.18mi
117 Morris St Yonkers, NY	1.0	1.0	700	$2,000	$2.86	5d	1	1.22mi
280 Hawthorne Ave Unit 6 Yonkers, NY	1.0	1.0	—	$2,300	—	43d	1	1.24mi
280 Hawthorne Ave Yonkers, NY	1.0	1.0	700	$2,100	$3.00	7d	2	1.24mi
53 Morris St Yonkers, NY	2.0	1.0	—	$2,000	—	43d	1	1.24mi
55 Morris St Yonkers, NY	2.0	1.0	—	$2,200	—	43d	1	1.24mi
57 Putnam Ave Yonkers, NY	2.0	1.0	900	$3,000	$3.33	21d	1	1.24mi
57 Putnam Ave Yonkers, NY	2.0	1.0	900	$3,000	$3.33	11d	1	1.24mi
119 Ludlow St Yonkers, NY	2.0	1.0	—	$2,200	—	7d	1	1.34mi
119 Ludlow St Yonkers, NY	1.0	1.0	—	$1,900	—	43d	1	1.34mi
119 Ludlow St Yonkers, NY	1.0	1.0	—	$1,900	—	24d	1	1.34mi
62 Ludlow St Yonkers, NY	2.0	1.0	—	$2,400	—	43d	1	1.34mi
117 Ludlow St Yonkers, NY	1.0	1.0	—	$1,900	—	43d	1	1.34mi

HOA detail condo

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

Listing history 28 events

1. 2026-06-18
   days on market $144,000 Active 408 DOM
2. 2026-06-17
   days on market $144,000 Active 407 DOM
3. 2026-06-15
   days on market $144,000 Active 405 DOM
4. 2026-06-13
   days on market $144,000 Active 403 DOM
5. 2026-06-10
   days on market $144,000 Active 399 DOM
6. 2026-06-08
   days on market $144,000 Active 398 DOM
7. 2026-06-03
   days on market $144,000 Active 393 DOM
8. 2026-06-01
   days on market $144,000 Active 391 DOM
9. 2026-05-31
   days on market $144,000 Active 390 DOM
10. 2025-07-21
    price $144,000
11. 2025-06-19
    status Active
12. 2025-03-07
    status Pending
13. 2025-01-21
    listed $149,000 Active
14. 2018-05-17
    soldstatus $147,500 Sold 473-char remark

    Show marketing remark (473 chars)

    Bright and cheerful one bedroom is ready and waiting for a new owner! You'll find the space and convenience you crave,for a price you'll love, in this lovely fourth floor unit with nicely updated kitchen and bath, hardwood floors and generous closets. Affordable maintenance includes heat, water and electricity! Wonderful North Riverdale location near shopping, transportation, schools, Riverdale Y, Neighborhood House and more. Cats are welcome, but no dogs, please!

15. 2018-05-16
    soldstatus Closed 477-char remark

    Show marketing remark (477 chars)

    Bright and cheerful one bedroom is ready and waiting for a new owner! You'll find the space and convenience you crave for a price you'll love in this lovely fourth floor unit, with nicely updated kitchen and bath, hardwood floors and generous closets. Affordable maintenance includes heat, water and electricity! Wonderful North Riverdale location is near shopping, transportation, schools, the Riverdale Y, Neighborhood House and more. Cats are welcome, but no dogs, please!

16. 2018-05-11
    soldstatus $148,500
17. 2018-02-08
    historical Pending 473-char remark

    Show marketing remark (477 chars)

    Bright and cheerful one bedroom is ready and waiting for a new owner! You'll find the space and convenience you crave for a price you'll love in this lovely fourth floor unit, with nicely updated kitchen and bath, hardwood floors and generous closets. Affordable maintenance includes heat, water and electricity! Wonderful North Riverdale location is near shopping, transportation, schools, the Riverdale Y, Neighborhood House and more. Cats are welcome, but no dogs, please!

18. 2018-02-08
    status Contract Signed 477-char remark

    Show marketing remark (477 chars)

    Bright and cheerful one bedroom is ready and waiting for a new owner! You'll find the space and convenience you crave for a price you'll love in this lovely fourth floor unit, with nicely updated kitchen and bath, hardwood floors and generous closets. Affordable maintenance includes heat, water and electricity! Wonderful North Riverdale location is near shopping, transportation, schools, the Riverdale Y, Neighborhood House and more. Cats are welcome, but no dogs, please!

19. 2018-02-08
    price $148,500

    Show marketing remark (477 chars)

    Bright and cheerful one bedroom is ready and waiting for a new owner! You'll find the space and convenience you crave for a price you'll love in this lovely fourth floor unit, with nicely updated kitchen and bath, hardwood floors and generous closets. Affordable maintenance includes heat, water and electricity! Wonderful North Riverdale location is near shopping, transportation, schools, the Riverdale Y, Neighborhood House and more. Cats are welcome, but no dogs, please!

20. 2017-12-31
    historical Permanently Off Market 477-char remark

    Show marketing remark (477 chars)

    Bright and cheerful one bedroom is ready and waiting for a new owner! You'll find the space and convenience you crave for a price you'll love in this lovely fourth floor unit, with nicely updated kitchen and bath, hardwood floors and generous closets. Affordable maintenance includes heat, water and electricity! Wonderful North Riverdale location is near shopping, transportation, schools, the Riverdale Y, Neighborhood House and more. Cats are welcome, but no dogs, please!

21. 2017-10-04
    listed $148,500 Active 477-char remark

    Show marketing remark (473 chars)

    Bright and cheerful one bedroom is ready and waiting for a new owner! You'll find the space and convenience you crave,for a price you'll love, in this lovely fourth floor unit with nicely updated kitchen and bath, hardwood floors and generous closets. Affordable maintenance includes heat, water and electricity! Wonderful North Riverdale location near shopping, transportation, schools, Riverdale Y, Neighborhood House and more. Cats are welcome, but no dogs, please!

22. 2017-10-04
    listed $148,500 Active 473-char remark

    Show marketing remark (473 chars)

    Bright and cheerful one bedroom is ready and waiting for a new owner! You'll find the space and convenience you crave,for a price you'll love, in this lovely fourth floor unit with nicely updated kitchen and bath, hardwood floors and generous closets. Affordable maintenance includes heat, water and electricity! Wonderful North Riverdale location near shopping, transportation, schools, Riverdale Y, Neighborhood House and more. Cats are welcome, but no dogs, please!

23. 2017-10-04
    listed $147,500

    Show marketing remark (473 chars)

    Bright and cheerful one bedroom is ready and waiting for a new owner! You'll find the space and convenience you crave,for a price you'll love, in this lovely fourth floor unit with nicely updated kitchen and bath, hardwood floors and generous closets. Affordable maintenance includes heat, water and electricity! Wonderful North Riverdale location near shopping, transportation, schools, Riverdale Y, Neighborhood House and more. Cats are welcome, but no dogs, please!

24. 2017-03-09
    listed $129,500
25. 2014-10-16
    historical Withdrawn
26. 2014-10-16
    historical
27. 2014-06-23
    listed Active
28. 2014-06-23
    listed $150,000

ⓘ 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 ≥99°F today · 15 d/yr by 30 yrs out
• 💨 Wind 6/10 Major 27% chance of damaging wind over 30 yrs
• 🫁 Air quality 3/10 Moderate 3 unhealthy d/yr today · 4 by 30 yrs out

Taxation est. · year 1

• Rental income: $27,254
• − Mortgage interest: −$8,066
• − Property taxes: −$2,160
• − Insurance: −$720
• − Repairs & maintenance: −$2,180
• − Management: −$2,180
• − Depreciation: −$4,189
• Taxable income: $7,758
• Est. tax owed @ 24.0%: −$1,862
• After-tax cash flow: $7,727/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): 23,798
• Household income: $103,046
• Rent vs Own: 40.6% rent · 59.4% own
• Severe rent burden: 553.0

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: Diverse neighborhood (Simpson 0.62)
• Race & ethnicity: White 53% Hispanic / Latino 31% Two or more races 16% Black 7% Asian 4%
• Hispanic origin (detail): Mexican 1% Puerto Rican 8% Dominican 11%
• Common ancestry: Scotch-Irish 4% Romanian 3% Italian 2%
• Foreign-born: 20% · Canada, Jamaica, China
• Languages at home: 65% English-only · Spanish 21% Russian/Polish/Slavic 4% Other Indo-European 3%

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: ▼ -114.80%
• Current HPI: 197.2006
• 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

-4.0% since first listed

19 events — show timeline

• 2025-07-21 Price Changed $144,000 OneKey® MLS as Distributed by MLS Grid
• 2025-06-19 Relisted — OneKey® MLS as Distributed by MLS Grid
• 2025-03-07 Pending — OneKey® MLS as Distributed by MLS Grid
• 2025-01-21 Listed $149,000 OneKey® MLS as Distributed by MLS Grid
• 2018-05-17 Sold (MLS) $147,500 OneKey® MLS as Distributed by MLS Grid
• 2018-05-16 Sold (MLS) — RLS at REBNY
• 2018-05-11 Sold (MLS) $148,500 RLS at REBNY
• 2018-02-08 Contingent — OneKey® MLS as Distributed by MLS Grid
• 2018-02-08 Relisted — RLS at REBNY
• 2018-02-08 Price Changed $148,500 RLS at REBNY
• 2017-12-31 Delisted — RLS at REBNY
• 2017-10-04 Listed $148,500 RLS at REBNY
• 2017-10-04 Listed $148,500 OneKey® MLS as Distributed by MLS Grid
• 2017-10-04 Listed $147,500 RLS at REBNY
• 2017-03-09 Listed $129,500 RLS at REBNY
• 2014-10-16 Delisted — HGMLS
• 2014-10-16 Listing Removed — OneKey® MLS as Distributed by MLS Grid
• 2014-06-23 Listed — HGMLS
• 2014-06-23 Listed $150,000 OneKey® MLS as Distributed by MLS Grid