315 W 232nd St Unit 1F · New York, NY 10463

$309,000

1 bd · 1.0 ba · 800 sqft · Condo · 250 Days on market

Built 1979

---

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 +11.1/30.0
• ARV discount +7.5/15.0
• Rent growth +5.0/5.0
• Schools +5.0/10.0
• Livability +3.8/5.0
• 1% rule +3.2/10.0
• DSCR +3.2/10.0
• Condition / age +2.5/5.0
• Appreciation +0.0/10.0

Listing remarks MLS

Beautifully renovated Junior 4 apartment in a well maintained, conveniently located, elevator building with doorman just minutes away from Manhattan and public transportation in Kingsbridge/Riverdale. The large bedroom is uniquely customized with headboard wall and closets. The bonus room has added sliding doors making it easily used as a home office or extra bedroom, fitting a twin bed and dresser. The kitchen is updated with new cabinets, a quartz counter-top island with seating and storage, stainless steel appliances including dishwasher and microwave. The spa-like bathroom has a jet tub, porcelain vessel sink with 2 drawer vanity and 2 tall storage closets and dimmer lighting. The spacious living room has a bump out wall with tv mount, an electric fireplace and more custom closets for storage. Walking distance to bars, restaurants, supermarkets, shopping center and Van Courtlandt park. The buildings has renovated Laundry room facility located in basement. Board Approval Required. Additional Information: Amenities:Storage,

Key facts

• Customized bedroom
• Bonus room
• Updated kitchen

Tags

• RENOVATED JUNIOR 4 APARTMENT
• ELEVATOR BUILDING
• DOORMAN
• CUSTOMIZED BEDROOM
• BONUS ROOM
• UPDATED KITCHEN

Property features AI

Finance

• Other: Living area reported as 800; Approximately a 6-minute walk to the 1 train; short walk to local and express buses; a few stops from Manhattan; County: Bronx County
• HOA & community: Association: Robert E Hill; Association amenities include elevator(s) and park; Association fee includes heat and hot water

Exterior

• Parking: On-street parking
• Security: Security system
• Utilities: Public sewer; Trash collection (public)
• Home design: Stock cooperative; First floor entry
• Construction: Brick construction; Estimated property condition
• Exterior features: Near public transit; Near schools; Near shops; Park nearby

Interior

• Kitchen: Dishwasher; Microwave; Refrigerator; ENERGY STAR qualified appliances; Tankless water heater
• Bedrooms: Total rooms: 4; Entry level: 1 (first floor unit)
• Flooring: Hardwood floors
• Bathrooms: 1 full bathroom
• Heating & cooling: Baseboard heating; Natural gas heating; Wall/window air conditioning units
• Interior features: Chandelier; Elevator access; Mailbox; Pets allowed: cats
• Laundry & utility: Common area laundry

🏢 Co-op / cooperative unit. The $309,000 price buys shares in the cooperative corporation, not the real estate itself — so it isn't comparable to a fee-simple sale price, and the cashflow / cap-rate / 1%-rule cards below (which assume you own the property and can rent it out) don't apply here. Expect board approval and a monthly maintenance fee on top of the price.

What this means for you Summary

Snapshot

• This is a 1-bed/1.0-bath condo listed at $309k.

Deal economics

• At list price, monthly cash flow is $-189 ($-2k/yr) — negative.
• To cash-flow at today's rent, offer at most $282k (8.9% below list).
• To meet the 1% rule (rent ≥ 1% of price), the offer needs to be $255k (17.6% below list).
• Recommended offer: $255k (17.6% below list) — sets the bar for 1% rule.
• Cap rate 5.8% 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: Rents rising fast (+11.6%/yr); 342 active listings in the ZIP; 1 comparable units currently listed for rent nearby; 6,929 units permitted in Bronx County in 2024 (6,829 in 5+ unit buildings).
• This rent runs 41% of the median local income ($75k/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 $9k 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.

Negotiation context

• It's been on market 250 days — a 12% lower offer ($272k) is reasonable based on typical stale-listing flexibility.
• 8 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: flood insurance adds $66/mo.
• Climate carrying-cost: severe flood risk; 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 $254,744 (17.6% 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 250 days. Have you received any prior offers? Is the seller open to a 18% concession, seller financing, or rate buy-down credit?
3. Built in 1979 — when were the roof, HVAC, electrical panel, plumbing, and water heater last replaced?
4. What's the actual annual flood-insurance premium (NFIP or private), and is the property in a SFHA with mandatory coverage?
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 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?
9. 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?
10. 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?
11. 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.
12. 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.
13. 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: 0.82% ✗
• Cap rate: 5.82%
• Cash-on-cash: -1.71%
• DSCR: 0.92
• GRM: 10.1

CMA / ARV

No comps found within radius.

Projected returns pro-forma

-3.0% appreciation · 8.0% rent growth · sell at horizon

5-year hold

• IRR: -15.0%
• Equity multiple: 0.44×
• Total profit: $-48,593
• Equity at exit: $46,073

10-year hold

• IRR: 0.5%
• Equity multiple: 1.04×
• Total profit: $3,748
• Equity at exit: $26,717

Cash invested: $86,520 (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 10463

• Rents YoY: 11.6%
• Active inventory: 342
• Price-to-rent: 10.1×

Monthly cashflow live

• Estimated rent: $2,547 medium
• Mortgage (P&I): −$1,620
• Tax est. 1.5%: −$386 /mo · $4,635/yr
• Insurance: −$129
• Flood insurance flood zone: −$66 /mo · $798/yr
• HOA: −$0
• Vacancy / Maint / Mgmt: −$535
• Net cashflow: $-189

Break-even live

Break-even rent $2,787

Max offer price $281,592

Occupancy floor —

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: $77,250
• Closing costs: $9,270
• Reserves months: —
• Total cash needed: —

Rent comps 1 comps

Address	Beds	Baths	Sqft	Rent	$/sqft	DOM	Units	Dist
2600 Netherland Ave Bronx, NY	1.0–3.0	1.0–2.5	1132	$2,775	$2.45	22d	3	0.47mi

HOA detail condo

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

Listing history 31 events

1. 2026-06-18
   days on market $309,000 Active 250 DOM
2. 2026-06-17
   days on market $309,000 Active 249 DOM
3. 2026-06-15
   days on market $309,000 Active 247 DOM
4. 2026-06-13
   days on market $309,000 Active 245 DOM
5. 2026-06-10
   days on market $309,000 Active 241 DOM
6. 2026-06-08
   days on market $309,000 Active 240 DOM
7. 2026-06-03
   days on market $309,000 Active 235 DOM
8. 2026-06-01
   pricedays on market $309,000 Active 233 DOM
9. 2026-05-31
   days on market $310,000 Active 232 DOM
10. 2026-04-11
    status Active
11. 2026-04-01
    historical
12. 2026-02-16
    price $310,000
13. 2026-01-01
    status Active
14. 2026-01-01
    historical
15. 2025-11-08
    price $315,000
16. 2025-09-30
    listed $320,000 Active
17. 2019-07-16
    soldstatus $293,000 Sold 1044-char remark

    Show marketing remark (1044 chars)

    Beautifully renovated Junior 4 apartment in a well maintained, conveniently located, elevator building with doorman just minutes away from Manhattan and public transportation in Kingsbridge/Riverdale. The large bedroom is uniquely customized with headboard wall and closets. The bonus room has added sliding doors making it easily used as a home office or extra bedroom, fitting a twin bed and dresser. The kitchen is updated with new cabinets, a quartz counter-top island with seating and storage, stainless steel appliances including dishwasher and microwave. The spa-like bathroom has a jet tub, porcelain vessel sink with 2 drawer vanity and 2 tall storage closets and dimmer lighting. The spacious living room has a bump out wall with tv mount, an electric fireplace and more custom closets for storage. Walking distance to bars, restaurants, supermarkets, shopping center and Van Courtlandt park. The buildings has renovated Laundry room facility located in basement. Board Approval Required. Additional Information: Amenities:Storage,

18. 2019-04-06
    status Pending 1044-char remark

    Show marketing remark (1044 chars)

    Beautifully renovated Junior 4 apartment in a well maintained, conveniently located, elevator building with doorman just minutes away from Manhattan and public transportation in Kingsbridge/Riverdale. The large bedroom is uniquely customized with headboard wall and closets. The bonus room has added sliding doors making it easily used as a home office or extra bedroom, fitting a twin bed and dresser. The kitchen is updated with new cabinets, a quartz counter-top island with seating and storage, stainless steel appliances including dishwasher and microwave. The spa-like bathroom has a jet tub, porcelain vessel sink with 2 drawer vanity and 2 tall storage closets and dimmer lighting. The spacious living room has a bump out wall with tv mount, an electric fireplace and more custom closets for storage. Walking distance to bars, restaurants, supermarkets, shopping center and Van Courtlandt park. The buildings has renovated Laundry room facility located in basement. Board Approval Required. Additional Information: Amenities:Storage,

19. 2019-02-25
    listed $300,000 Active 1044-char remark

    Show marketing remark (1044 chars)

    Beautifully renovated Junior 4 apartment in a well maintained, conveniently located, elevator building with doorman just minutes away from Manhattan and public transportation in Kingsbridge/Riverdale. The large bedroom is uniquely customized with headboard wall and closets. The bonus room has added sliding doors making it easily used as a home office or extra bedroom, fitting a twin bed and dresser. The kitchen is updated with new cabinets, a quartz counter-top island with seating and storage, stainless steel appliances including dishwasher and microwave. The spa-like bathroom has a jet tub, porcelain vessel sink with 2 drawer vanity and 2 tall storage closets and dimmer lighting. The spacious living room has a bump out wall with tv mount, an electric fireplace and more custom closets for storage. Walking distance to bars, restaurants, supermarkets, shopping center and Van Courtlandt park. The buildings has renovated Laundry room facility located in basement. Board Approval Required. Additional Information: Amenities:Storage,

20. 2015-03-10
    price $123,000 673-char remark

    Show marketing remark (673 chars)

    First time on market! This lovely and cheerful one bedroom apartment is on a low floor (no elevator) and has south-facing views. This sunny apartment has a spacious living room, pass-through kitchen with a separate dining area, large bedroom and closets galore! There are parquet floors under the wall-to-wall carpeting. The building features a live-in super, part-time doorman, laundry room and storage. Short waiting list for parking. The building is pet friendly (small dogs) and is so convenient to Broadway shops and restaurants including Target, Stop & Shop, Garden Gourmet, TJ Maxx and so much more. Short distance to No. 1 train and local and express buses.

21. 2015-03-10
    soldstatus $123,000 Sold 673-char remark

    Show marketing remark (673 chars)

    First time on market! This lovely and cheerful one bedroom apartment is on a low floor (no elevator) and has south-facing views. This sunny apartment has a spacious living room, pass-through kitchen with a separate dining area, large bedroom and closets galore! There are parquet floors under the wall-to-wall carpeting. The building features a live-in super, part-time doorman, laundry room and storage. Short waiting list for parking. The building is pet friendly (small dogs) and is so convenient to Broadway shops and restaurants including Target, Stop & Shop, Garden Gourmet, TJ Maxx and so much more. Short distance to No. 1 train and local and express buses.

22. 2015-03-10
    soldstatus $123,000

    Show marketing remark (673 chars)

    First time on market! This lovely and cheerful one bedroom apartment is on a low floor (no elevator) and has south-facing views. This sunny apartment has a spacious living room, pass-through kitchen with a separate dining area, large bedroom and closets galore! There are parquet floors under the wall-to-wall carpeting. The building features a live-in super, part-time doorman, laundry room and storage. Short waiting list for parking. The building is pet friendly (small dogs) and is so convenient to Broadway shops and restaurants including Target, Stop & Shop, Garden Gourmet, TJ Maxx and so much more. Short distance to No. 1 train and local and express buses.

23. 2015-03-09
    soldstatus $123,000
24. 2015-03-06
    soldstatus
25. 2014-12-20
    historical Pending 673-char remark

    Show marketing remark (673 chars)

    First time on market! This lovely and cheerful one bedroom apartment is on a low floor (no elevator) and has south-facing views. This sunny apartment has a spacious living room, pass-through kitchen with a separate dining area, large bedroom and closets galore! There are parquet floors under the wall-to-wall carpeting. The building features a live-in super, part-time doorman, laundry room and storage. Short waiting list for parking. The building is pet friendly (small dogs) and is so convenient to Broadway shops and restaurants including Target, Stop & Shop, Garden Gourmet, TJ Maxx and so much more. Short distance to No. 1 train and local and express buses.

26. 2014-12-19
    price $130,000 673-char remark

    Show marketing remark (673 chars)

    First time on market! This lovely and cheerful one bedroom apartment is on a low floor (no elevator) and has south-facing views. This sunny apartment has a spacious living room, pass-through kitchen with a separate dining area, large bedroom and closets galore! There are parquet floors under the wall-to-wall carpeting. The building features a live-in super, part-time doorman, laundry room and storage. Short waiting list for parking. The building is pet friendly (small dogs) and is so convenient to Broadway shops and restaurants including Target, Stop & Shop, Garden Gourmet, TJ Maxx and so much more. Short distance to No. 1 train and local and express buses.

27. 2014-09-30
    price $130,000 673-char remark

    Show marketing remark (673 chars)

    First time on market! This lovely and cheerful one bedroom apartment is on a low floor (no elevator) and has south-facing views. This sunny apartment has a spacious living room, pass-through kitchen with a separate dining area, large bedroom and closets galore! There are parquet floors under the wall-to-wall carpeting. The building features a live-in super, part-time doorman, laundry room and storage. Short waiting list for parking. The building is pet friendly (small dogs) and is so convenient to Broadway shops and restaurants including Target, Stop & Shop, Garden Gourmet, TJ Maxx and so much more. Short distance to No. 1 train and local and express buses.

28. 2014-08-07
    listed $130,000
29. 2014-08-07
    listed $123,000
30. 2014-08-05
    listed $132,000 Active 673-char remark

    Show marketing remark (673 chars)

    First time on market! This lovely and cheerful one bedroom apartment is on a low floor (no elevator) and has south-facing views. This sunny apartment has a spacious living room, pass-through kitchen with a separate dining area, large bedroom and closets galore! There are parquet floors under the wall-to-wall carpeting. The building features a live-in super, part-time doorman, laundry room and storage. Short waiting list for parking. The building is pet friendly (small dogs) and is so convenient to Broadway shops and restaurants including Target, Stop & Shop, Garden Gourmet, TJ Maxx and so much more. Short distance to No. 1 train and local and express buses.

31. 2014-08-05
    listed $130,000

    Show marketing remark (673 chars)

    First time on market! This lovely and cheerful one bedroom apartment is on a low floor (no elevator) and has south-facing views. This sunny apartment has a spacious living room, pass-through kitchen with a separate dining area, large bedroom and closets galore! There are parquet floors under the wall-to-wall carpeting. The building features a live-in super, part-time doorman, laundry room and storage. Short waiting list for parking. The building is pet friendly (small dogs) and is so convenient to Broadway shops and restaurants including Target, Stop & Shop, Garden Gourmet, TJ Maxx and so much more. Short distance to No. 1 train and local and express buses.

ⓘ 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 10/10 Extreme FEMA zone X (unshaded) · 99% chance over 30 yrs
• 🔥 Wildfire 1/10 Low
• 🌡 Heat 7/10 Severe 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: $30,569
• − Mortgage interest: −$17,309
• − Property taxes: −$4,635
• − Insurance: −$2,342
• − Repairs & maintenance: −$2,446
• − Management: −$2,446
• − Depreciation: −$8,989
• Taxable loss: −$7,597
• Est. tax savings @ 24.0%: +$1,823
• After-tax cash flow: $-450/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): 69,470
• Household income: $74,974
• Rent vs Own: 64.6% rent · 35.4% own
• Severe rent burden: 5586.0

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 0.65)
• Race & ethnicity: Hispanic / Latino 50% White 30% Two or more races 17% Black 12% Asian 4% Native American 2%
• Hispanic origin (detail): Mexican 3% Puerto Rican 12% Cuban 1% Dominican 25%
• Common ancestry: Scotch-Irish 3% Romanian 2% Lithuanian 1%
• Foreign-born: 30% · Canada, Jamaica, China
• Languages at home: 50% English-only · Spanish 40% Other Indo-European 3% Russian/Polish/Slavic 2%

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: ▼ -294.75%
• Current HPI: 168.0211
• Rent YoY: ▲ 11.60%
• 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

+138.5% since first listed

22 events — show timeline

• 2026-04-11 Relisted — OneKey® MLS as Distributed by MLS Grid
• 2026-04-01 Listing Removed — OneKey® MLS as Distributed by MLS Grid
• 2026-02-16 Price Changed $310,000 OneKey® MLS as Distributed by MLS Grid
• 2026-01-01 Relisted — OneKey® MLS as Distributed by MLS Grid
• 2026-01-01 Listing Removed — OneKey® MLS as Distributed by MLS Grid
• 2025-11-08 Price Changed $315,000 OneKey® MLS as Distributed by MLS Grid
• 2025-09-30 Listed $320,000 OneKey® MLS as Distributed by MLS Grid
• 2019-07-16 Sold (MLS) $293,000 OneKey® MLS as Distributed by MLS Grid
• 2019-04-06 Pending — OneKey® MLS as Distributed by MLS Grid
• 2019-02-25 Listed $300,000 OneKey® MLS as Distributed by MLS Grid
• 2015-03-10 Sold (MLS) $123,000 HGMLS
• 2015-03-10 Price Changed $123,000 HGMLS
• 2015-03-10 Sold (MLS) $123,000 RLS at REBNY
• 2015-03-09 Sold (MLS) $123,000 OneKey® MLS as Distributed by MLS Grid
• 2015-03-06 Sold (MLS) — RLS at REBNY
• 2014-12-20 Contingent — HGMLS
• 2014-12-19 Price Changed $130,000 HGMLS
• 2014-09-30 Price Changed $130,000 HGMLS
• 2014-08-07 Listed $123,000 RLS at REBNY
• 2014-08-07 Listed $130,000 RLS at REBNY
• 2014-08-05 Listed $132,000 HGMLS
• 2014-08-05 Listed $130,000 OneKey® MLS as Distributed by MLS Grid