67-50 Thornton Pl Unit 1F · New York, NY 11375

$360,000

2 bd · 1.0 ba · 805 sqft · Condo · 107 Days on market

Built 1963

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Why this score? — see what drove the D 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 +12.8/30.0
• ARV discount +7.5/15.0
• Schools +5.0/10.0
• DSCR +3.8/10.0
• Rent growth +3.8/5.0
• Livability +3.8/5.0
• 1% rule +3.6/10.0
• Condition / age +2.5/5.0
• Appreciation +0.0/10.0

Listing remarks MLS

Welcome to 67-50 Thornton Place, Unit #1F—a spacious and bright 2-bedroom, 1-bath co-op offering 805 square feet of well-designed living space and an airy, open view from your private balcony. This home features a generous layout with a large living room, dedicated dining area, and a windowed kitchen. The primary bedroom comfortably fits a king-sized bed, while the second bedroom is perfect for a home office, nursery, or guest room. Hardwood floors, ample closet space, and a functional flow make this apartment move-in ready with room to make it your own. Enjoy the peaceful retreat of your private balcony, offering open views and a perfect spot to unwind. Located on a quiet, tree-lined street in Forest Hills, the building offers a live-in superintendent, laundry room, elevator, and well-maintained common areas. Conveniently close to shopping, schools, Forest Park, and multiple transit options including the E/F/M/R subways, LIRR, and express buses to Manhattan. Showings by appointment—contact us today to schedule a private tour.

Key facts

• Balcony
• Storage rooms
• Shared courtyard

Tags

• BALCONY
• STORAGE ROOMS
• SHARED COURTYARD

Property features AI

Exterior

• Parking: Garage (no carport)
• Utilities: Sewer: Other; Utilities: See remarks
• Home design: Stock cooperative
• Construction: Brick construction
• Exterior features: Brick exterior; Not waterfront

Interior

• Kitchen: Appliances: Other
• Bedrooms: Total rooms: 4
• Bathrooms: 1 full bathroom
• Heating & cooling: Steam heating; Wall/window air conditioning units
• Interior features: First-floor bedroom; Entry on level 2

What this means for you Summary

Snapshot

• This is a 2-bed/1.0-bath condo listed at $360k.

Deal economics

• At list price, monthly cash flow is $-31 ($-375/yr) — negative.
• To cash-flow at today's rent, offer at most $355k (1.3% below list).
• To meet the 1% rule (rent ≥ 1% of price), the offer needs to be $311k (13.6% below list).
• Recommended offer: $311k (13.6% below list) — sets the bar for 1% rule.
• Cap rate 6.2% 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.
• Zoned schools: Elm Tree Elementary School (math 27% / reading 52%, grade F, #1,444 of 2,108 statewide, top 71%, 806 students, 94% FRL); Is 227 Louis Armstrong (math 52% / reading 69%, grade B+, #153 of 729 statewide, top 21%, 1,528 students, 68% FRL); Midwood High School (math 94% / reading 96%, grade A+, #83 of 1,100 statewide, top 8%, 4,062 students, 73% FRL).
• Market conditions: Rents rising fast (+5.3%/yr); 618 active listings in the ZIP; 40 comparable units currently listed for rent nearby; rentals at typical pace (median 21d on market — plan ~3-4 weeks tenant-placement turnaround); solid renter incomes; 5,302 units permitted in Queens County in 2024 (4,918 in 5+ unit buildings).
• This rent runs 35% of the median local income ($106k/yr) — at the standard rent-burdened threshold; future hikes will face affordability resistance.

Forward outlook

• Local home prices are declining (-3.0%/yr); year-one equity from $2k of loan paydown is wiped out by about $11k of value loss. Plan a longer hold.
• Queens County population projected at +16% by 2050 — long-run rental-demand tailwind backs the buy-and-hold thesis.

Negotiation context

• It's been on market 107 days — a 9% lower offer ($328k) is reasonable based on typical stale-listing flexibility.
• 3 sale attempts 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

• Climate carrying-cost: major flood risk; major wind risk, 49% 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 $310,966 (13.6% below list)

Questions for the listing agent

1. What do current leases actually rent for vs. the listed asking? Can we see a recent rent roll and the last 12 months of T-12 income?
2. It's been on market 107 days. Have you received any prior offers? Is the seller open to a 14% concession, seller financing, or rate buy-down credit?
3. Built in 1963 — when were the roof, HVAC, electrical panel, plumbing, and water heater last replaced?
4. 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?
5. Why hasn't it sold? Are there any deal-killer items the seller is aware of (foundation, flood, title, zoning, code violations)?
6. Is there a deadline driving the sale (1031 exchange, divorce, estate, relocation)? That informs how much negotiation room exists.
7. 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?
8. 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?
9. The area grade is low — what's the realistic commute time and amenity access for the typical tenant pool here? Any planned neighborhood developments (good or bad) we should know about?
10. 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.
11. 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.
12. 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: 0.86% ✗
• Cap rate: 6.19%
• Cash-on-cash: -0.37%
• DSCR: 0.98
• GRM: 9.6

CMA / ARV

No comps found within radius.

Projected returns pro-forma

-3.0% appreciation · 5.3% rent growth · sell at horizon

5-year hold

• IRR: -14.4%
• Equity multiple: 0.48×
• Total profit: $-52,917
• Equity at exit: $53,677

10-year hold

• IRR: -2.2%
• Equity multiple: 0.83×
• Total profit: $-16,788
• Equity at exit: $31,126

Cash invested: $100,800 (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 11375

• Rents YoY: 5.3%
• Active inventory: 618
• Price-to-rent: 9.6×

Monthly cashflow live

• Estimated rent: $3,110 high
• Mortgage (P&I): −$1,888
• Tax est. 1.5%: −$450 /mo · $5,400/yr
• Insurance: −$150
• HOA: −$0
• Vacancy / Maint / Mgmt: −$653
• Net cashflow: $-31

Break-even live

Break-even rent $3,149

Max offer price $355,478

Occupancy floor 96%

Sensitivity live

Price	-10% $218	-5% $93	+0% $-31	+5% $-156	+10% $-280
Rent	-10% $-277	-5% $-154	+0% $-31	+5% $92	+10% $214
Rate	-1.0pp $150	-0.5pp $60	base $-31	+0.5pp $-125	+1.0pp $-219

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: $90,000
• Closing costs: $10,800
• Reserves months: —
• Total cash needed: —

Rent comps 40 comps

Address	Beds	Baths	Sqft	Rent	$/sqft	DOM	Units	Dist
6725 Dartmouth St Unit 3L Forest Hills, NY	2.0	1.0	800	$2,700	$3.38	26d	1	0.12mi
65-68 Ellwell Cres Unit 2 Flushing, NY	3.0	1.0	900	$3,800	$4.22	26d	1	0.15mi
6739 Clyde St Ph -H Forest Hills, NY	2.0	2.0	1100	$4,100	$3.73	26d	1	0.17mi
6615 Thornton Pl Rego Park, NY	1.0	1.0	700	$2,672	$3.82	6d	3	0.23mi
66-01 Burns St Apt 3v Rego Park, NY	1.0	1.0	820	$2,300	$2.80	22d	1	0.29mi
67-13 Austin St Unit 2A Flushing, NY	1.0	1.0	600	$2,595	$4.33	18d	1	0.30mi
67-19 Austin St Unit 4C Flushing, NY	2.0	1.0	800	$3,500	$4.38	15d	1	0.30mi
6620 Wetherole St Rego Park, NY	1.0–2.0	1.0–2.0	700	$3,300	$4.71	26d	2	0.36mi
10010 67th Rd Unit 6L Forest Hills, NY	1.0	1.0	845	$2,700	$3.20	24d	1	0.43mi
10460 Queens Blvd Forest Hills, NY	1.0–2.0	1.0	916	$4,695	$5.12	7d	2	0.46mi
63127 Fitchett St Rego Park, NY	1.0	1.0	900	$2,800	$3.11	3d	1	0.48mi
631-27 Fitchett St Unit 1 Flushing, NY	2.0	1.0	1100	$3,800	$3.45	1d	1	0.48mi
9876 Queens Blvd Unit 3A Rego Park, NY	1.0	1.0	820	$2,900	$3.54	26d	1	0.50mi
97-12 65th Rd Apt 5D Rego Park, NY	1.0	1.0	800	$3,395	$4.24	7d	1	0.55mi
10025 Queens Blvd Unit 3M Forest Hills, NY	2.0	1.0	925	$2,900	$3.14	26d	1	0.55mi
98-81 Queens Blvd Unit 15E Rego Park, NY	1.0	1.0	700	$3,335	$4.76	7d	1	0.56mi
98-81 Queens Blvd Unit 14K Rego Park, NY	2.0	2.0	950	$4,490	$4.73	14d	1	0.56mi
10620 70th Ave Unit 6B Forest Hills, NY	1.0	1.0	765	$3,600	$4.71	26d	1	0.56mi
97-12 65th Rd Unit 18-E Rego Park, NY	1.0	1.0	600	$3,650	$6.08	1d	1	0.56mi
97-12 65th Rd Unit 4-C Rego Park, NY	1.0	1.0	650	$3,350	$5.15	7d	1	0.56mi
10240 67th Dr Unit 1C Forest Hills, NY	1.0	1.5	780	$2,500	$3.21	26d	1	0.59mi
102-45 67th Rd Forest Hills, NY	1.0	1.0	700	$2,350	$3.36	20d	1	0.62mi
10740 70th Rd Unit 7F Forest Hills, NY	1.0	1.0	750	$2,650	$3.53	26d	1	0.63mi
102-55 67th Rd Unit 2V Forest Hills, NY	1.0	1.0	633	$2,350	$3.71	21d	1	0.65mi
6771 Yellowstone Blvd Unit 2R Forest Hills, NY	1.0	1.0	700	$2,550	$3.64	26d	1	0.65mi
6945 108th St Unit 3F Forest Hills, NY	2.0	1.0	900	$3,600	$4.00	8d	1	0.70mi
9825 64th Rd Unit 8F Rego Park, NY	2.0	1.0	850	$2,400	$2.82	3d	1	0.70mi
9810 64th Ave Rego Park, NY	1.0–2.0	1.0–2.0	850	$3,200	$3.76	1d	2	0.71mi
9810 64th Ave Rego Park, NY	1.0	1.0	825	$2,125	$2.58	19d	2	0.71mi
9725 64th Ave Rego Park, NY	1.0	1.0	760	$1,800	$2.37	20d	1	0.72mi
6347 Booth St Unit 3C Rego Park, NY	1.0	1.0	700	$3,400	$4.86	26d	1	0.72mi
105-25 67th Rd Forest Hills, NY	1.0	1.0	750	$1,800	$2.40	20d	1	0.73mi
150 Greenway Ter Forest Hills, NY	1.0–2.0	1.0	937	$4,300	$4.59	22d	2	0.74mi
150 Greenway Ter Forest Hills, NY	1.0–2.0	1.0	937	$4,300	$4.59	1d	2	0.74mi
102-39 66th Ave Unit 1 Flushing, NY	2.0	1.0	981	$3,000	$3.06	3d	1	0.75mi
108-25 72nd Ave Unit 6B Flushing, NY	2.0	1.0	800	$3,900	$4.88	1d	1	0.76mi
10825 72nd Ave Forest Hills, NY	1.0–2.0	1.0	700	$3,900	$5.57	6d	2	0.77mi
9941 64th Ave Rego Park, NY	1.0–2.0	1.0	975	$3,200	$3.28	20d	2	0.81mi
10530 66th Ave Unit 3F Forest Hills, NY	1.0	1.0	800	$2,200	$2.75	26d	1	0.81mi
10919 72nd Rd Unit 6F Forest Hills, NY	1.0	1.0	696	$3,485	$5.01	13d	1	0.81mi

HOA detail condo

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

Listing history 19 events

1. 2026-06-21
   days on market $360,000 Active 107 DOM
2. 2026-06-18
   days on market $360,000 Active 104 DOM
3. 2026-06-17
   days on market $360,000 Active 103 DOM
4. 2026-06-15
   days on market $360,000 Active 101 DOM
5. 2026-06-13
   days on market $360,000 Active 99 DOM
6. 2026-06-10
   days on market $360,000 Active 95 DOM
7. 2026-06-08
   days on market $360,000 Active 94 DOM
8. 2026-06-08
   days on market $360,000 Active 93 DOM
9. 2026-06-04
   days on market $360,000 Active 90 DOM
10. 2026-06-03
    days on market $360,000 Active 89 DOM
11. 2026-06-01
    days on market $360,000 Active 87 DOM
12. 2026-05-31
    days on market $360,000 Active 86 DOM
13. 2026-04-07
    price $360,000
14. 2026-03-06
    listed $368,000 Active
15. 2025-10-06
    soldstatus $360,000 Sold 1054-char remark

    Show marketing remark (1054 chars)

    Welcome to 67-50 Thornton Place, Unit #1F—a spacious and bright 2-bedroom, 1-bath co-op offering 805 square feet of well-designed living space and an airy, open view from your private balcony. This home features a generous layout with a large living room, dedicated dining area, and a windowed kitchen. The primary bedroom comfortably fits a king-sized bed, while the second bedroom is perfect for a home office, nursery, or guest room. Hardwood floors, ample closet space, and a functional flow make this apartment move-in ready with room to make it your own. Enjoy the peaceful retreat of your private balcony, offering open views and a perfect spot to unwind. Located on a quiet, tree-lined street in Forest Hills, the building offers a live-in superintendent, laundry room, elevator, and well-maintained common areas. Conveniently close to shopping, schools, Forest Park, and multiple transit options including the E/F/M/R subways, LIRR, and express buses to Manhattan. Showings by appointment—contact us today to schedule a private tour.

16. 2025-10-02
    soldstatus $360,000 Closed 1058-char remark

    Show marketing remark (1058 chars)

    Welcome to 67-50 Thornton Place, Unit #1F—a spacious and bright 2-bedroom, 1-bath co-op offering 805 square feet of well-designed living space and an airy, open view from your private balcony. This home features a generous layout with a large living room, dedicated dining area, and a windowed kitchen. The primary bedroom comfortably fits a king-sized bed, while the second bedroom is perfect for a home office, nursery, or guest room. Hardwood floors, ample closet space, and a functional flow make this apartment move-in ready with room to make it your own. Enjoy the peaceful retreat of your private balcony, offering open views and a perfect spot to unwind. Located on a quiet, tree-lined street in Forest Hills, the building offers a live-in superintendent, laundry room, elevator, and well-maintained common areas. Conveniently close to shopping, schools, Forest Park, and multiple transit options including the E/F/M/R subways, LIRR, and express buses to Manhattan. Showings by appointment—contact us today to schedule a private tour.

17. 2025-06-03
    status Pending 1058-char remark

    Show marketing remark (1058 chars)

    Welcome to 67-50 Thornton Place, Unit #1F—a spacious and bright 2-bedroom, 1-bath co-op offering 805 square feet of well-designed living space and an airy, open view from your private balcony. This home features a generous layout with a large living room, dedicated dining area, and a windowed kitchen. The primary bedroom comfortably fits a king-sized bed, while the second bedroom is perfect for a home office, nursery, or guest room. Hardwood floors, ample closet space, and a functional flow make this apartment move-in ready with room to make it your own. Enjoy the peaceful retreat of your private balcony, offering open views and a perfect spot to unwind. Located on a quiet, tree-lined street in Forest Hills, the building offers a live-in superintendent, laundry room, elevator, and well-maintained common areas. Conveniently close to shopping, schools, Forest Park, and multiple transit options including the E/F/M/R subways, LIRR, and express buses to Manhattan. Showings by appointment—contact us today to schedule a private tour.

18. 2025-04-22
    listed $350,000 Active 1054-char remark

    Show marketing remark (1054 chars)

    Welcome to 67-50 Thornton Place, Unit #1F—a spacious and bright 2-bedroom, 1-bath co-op offering 805 square feet of well-designed living space and an airy, open view from your private balcony. This home features a generous layout with a large living room, dedicated dining area, and a windowed kitchen. The primary bedroom comfortably fits a king-sized bed, while the second bedroom is perfect for a home office, nursery, or guest room. Hardwood floors, ample closet space, and a functional flow make this apartment move-in ready with room to make it your own. Enjoy the peaceful retreat of your private balcony, offering open views and a perfect spot to unwind. Located on a quiet, tree-lined street in Forest Hills, the building offers a live-in superintendent, laundry room, elevator, and well-maintained common areas. Conveniently close to shopping, schools, Forest Park, and multiple transit options including the E/F/M/R subways, LIRR, and express buses to Manhattan. Showings by appointment—contact us today to schedule a private tour.

19. 2025-04-21
    listed $350,000 Active 1058-char remark

    Show marketing remark (1058 chars)

    Welcome to 67-50 Thornton Place, Unit #1F—a spacious and bright 2-bedroom, 1-bath co-op offering 805 square feet of well-designed living space and an airy, open view from your private balcony. This home features a generous layout with a large living room, dedicated dining area, and a windowed kitchen. The primary bedroom comfortably fits a king-sized bed, while the second bedroom is perfect for a home office, nursery, or guest room. Hardwood floors, ample closet space, and a functional flow make this apartment move-in ready with room to make it your own. Enjoy the peaceful retreat of your private balcony, offering open views and a perfect spot to unwind. Located on a quiet, tree-lined street in Forest Hills, the building offers a live-in superintendent, laundry room, elevator, and well-maintained common areas. Conveniently close to shopping, schools, Forest Park, and multiple transit options including the E/F/M/R subways, LIRR, and express buses to Manhattan. Showings by appointment—contact us today to schedule a private tour.

ⓘ 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 6/10 Major FEMA zone X (unshaded) · 67% 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 49% 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: $37,316
• − Mortgage interest: −$20,166
• − Property taxes: −$5,400
• − Insurance: −$1,800
• − Repairs & maintenance: −$2,985
• − Management: −$2,985
• − Depreciation: −$10,473
• Taxable loss: −$6,493
• Est. tax savings @ 24.0%: +$1,558
• After-tax cash flow: $1,183/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: Queens County · 1,914,869 people
• City population: 7,731,280
• Metro: New York-Newark-Jersey City, NY-NJ-PA
• Population (ZIP): 76,839
• Household income: $105,904
• Rent vs Own: 49.5% rent · 50.5% own
• Severe rent burden: 4101.0

Population outlook (Queens County) Hauer SSP2

• Today (2025): 2,546,320 people
• By 2030: 2,643,059 · +3.8%
• By 2040: 2,815,563 · +10.6%
• By 2050: 2,944,423 · +15.6%
• By 2075: 3,123,338 · +22.7%
• By 2100: 3,098,688 · +21.7%

Race, ethnicity, and origin ACS 2023

• Neighborhood character: Diverse neighborhood (Simpson 0.67)
• Race & ethnicity: White 47% Asian 28% Hispanic / Latino 16% Two or more races 11% Black 3%
• Hispanic origin (detail): Mexican 2% Puerto Rican 4% Dominican 1%
• Common ancestry: Scotch-Irish 8% Romanian 4% Italian 2%
• Foreign-born: 43% · China, Canada, Jamaica
• Languages at home: 46% English-only · Chinese 12% Spanish 12% Russian/Polish/Slavic 11%

Political lean MEDSL · Queens

• 2024 margin: Strong D (+24.6) · D 62.3% · R 37.7%
• 2008→2024 swing: -26.2pp toward R · 2008: 50.8pp · 2024: 24.6pp
• All cycles: 2024: D+24.6 2020: D+45.2 2016: D+53.4 2012: D+58.5 2008: D+50.8

Not yet ingested

• Civics: —

Market trends

• HPI YoY: ▼ -155.54%
• Current HPI: 224.4903
• Rent YoY: ▲ 5.30%
• 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

+2.9% since first listed

7 events — show timeline

• 2026-04-07 Price Changed $360,000 OneKey® MLS as Distributed by MLS Grid
• 2026-03-06 Listed $368,000 OneKey® MLS as Distributed by MLS Grid
• 2025-10-06 Sold (MLS) $360,000 RLS at REBNY
• 2025-10-02 Sold (MLS) $360,000 OneKey® MLS as Distributed by MLS Grid
• 2025-06-03 Pending — OneKey® MLS as Distributed by MLS Grid
• 2025-04-22 Listed $350,000 RLS at REBNY
• 2025-04-21 Listed $350,000 OneKey® MLS as Distributed by MLS Grid