20 Daley Pl #128 · Lynbrook, NY 11563

$429,000

3 bd · 2.0 ba · 1,350 sqft · Condo · 198 Days on market

Built 1967 Good condition $318/sqft · at area comps Est $445k · at est. ↓ 9% since listing

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Why this score? — see what drove the F 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).

• ARV discount +9.1/15.0
• Schools +6.7/10.0
• Livability +4.4/5.0
• Condition / age +3.8/5.0
• 1% rule +3.4/10.0
• Rent growth +2.5/5.0
• Cash flow +0.6/30.0
• DSCR +0.0/10.0
• Appreciation +0.0/10.0

Listing remarks MLS

Welcome to Lynbrook Gardens, Garden Style Co-op Two Floor Building w/Elevator. Monthly Maintenance: $1735.59 Guaranteed One Assigned Outdoor Parking Space on premises. Take Elevator or Stairway to 1st Floor Apartments. This apartment has a feeling of a ranch style home due to the generously sized floor plan that offers plenty of Sunshine. Three (3) Bedrooms-Two FBTH Plus Terrace Corner Unit. Refinished Hardwood Oak Floors throughout, brand new paint job throughout. Large LR, Formal Dining Area, Oversized EIK with double hung windows over sink, Dishwasher, Double Oven and Refrigerator. Plenty of counter space a chef's delight! Primary Bedroom has Primary FBTH includes stall shower with sliding door and window. Seven (7) Ample closets including three (3) walk-ins! Laundry Rm is Lobby level operates 24/7. Gas Heat & Gas Oven. Individual Thermostat located in apartment. Four (4) In-Wall Air-Conditioning units. Outdoor Inground Pool on premises, Bike Storage Room on Premises. Available Handicap Accessible Ramp for easy-in/out of building. Near LIRR, Shopping, Cinema, Elementary & Middle Schools, and Parkway. Sorry NO PETS ALLOWED. No Smoking.

Key facts

• Elevator
• Ranch style home
• Two floor building

Tags

• TWO FLOOR BUILDING
• ELEVATOR
• ASSIGNED OUTDOOR PARKING SPACE
• RANCH STYLE HOME
• GENEROUSLY SIZED FLOOR PLAN
• THREE BEDROOMS

What this means for you Summary

Snapshot

• This is a 3-bed/2.0-bath condo listed at $429k. Condition is rated good.

Deal economics

• At list price, monthly cash flow is $-2k ($-23k/yr) — negative.
• To cash-flow at today's rent, offer at most $403k (6.0% below list).
• To meet the 1% rule (rent ≥ 1% of price), the offer needs to be $360k (16.1% below list).
• Recommended offer: $360k (16.1% below list) — sets the bar for 1% rule.
• Cap rate 1.1% vs local median 3.2% in Lynbrook — below-typical yield; the buyer is paying a premium for something (appreciation thesis, condition, location) that the cap rate doesn't capture.

Location & tenants

• Location reads 88/100 on livability (#10 in NY, #221 nationally) — a professional / high-income tenant draw. Strengths: crime A+, amenities A+, commute A+; Watch: cost of living F.
• Lynbrook Union Free School District (suburban): math 75% / reading 73% proficiency, ranked #72 of 590 in NY (top 12%) — strong family-tenant draw, lease renewals of 3-5y typical; only 8% free/reduced lunch — higher-income household profile.
• Zoned schools: West End School (math 82% / reading 82%, grade A+, #138 of 2,108 statewide, top 8%, 401 students, 0% FRL); Lynbrook North Middle School (math 42% / reading 67%, grade B-, #214 of 729 statewide, top 31%, 266 students, 15% FRL); Lynbrook Senior High School (math 97% / reading 82%, grade A+, #265 of 1,100 statewide, top 26%, 850 students, 19% FRL) — zoned schools at 11% FRL track the district average.
• Market conditions: 134 active listings in the ZIP; 25 comparable units currently listed for rent nearby; rentals at typical pace (median 24d on market — plan ~3-4 weeks tenant-placement turnaround); high-income renter base; 824 units permitted in Nassau County in 2024 (153 in 5+ unit buildings).
• This rent runs 32% of the median local income ($137k/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 $3k of loan paydown is wiped out by about $13k of value loss. Plan a longer hold.
• Nassau County population projected at +7% by 2050 — modest demand growth; plan on rents tracking national, not racing it.

Negotiation context

• It's been on market 198 days — a 12% lower offer ($378k) is reasonable based on typical stale-listing flexibility.

Risks & watch-outs

• Watch-outs: flood insurance adds $56/mo; HOA is 48% of rent.
• Climate carrying-cost: major flood risk; major wind risk, 69% chance of damaging wind over 30y; extreme-heat days projected 7→16/yr by 2055 (HVAC capex compounding) — expect insurance premiums to compound above CPI over the hold.

Recommended offer $359,899 (16.1% 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 198 days. Have you received any prior offers? Is the seller open to a 16% concession, seller financing, or rate buy-down credit?
3. Built in 1967 — 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. What does the HOA fee cover, when was the last increase, and are there any pending special assessments or reserve-fund shortfalls?
6. 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?
7. Why hasn't it sold? Are there any deal-killer items the seller is aware of (foundation, flood, title, zoning, code violations)?
8. Is there a deadline driving the sale (1031 exchange, divorce, estate, relocation)? That informs how much negotiation room exists.
9. Schools are A-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?
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: 0.84% ✗
• Cap rate: 1.13%
• Cash-on-cash: -18.45%
• DSCR: 0.18
• GRM: 9.9

CMA / ARV

• ARV (median comp): $444,755
• List price: $429,000
• Delta: -3.54%
• Verdict: FAIR
• Comps: 20 within 1.0 mi

Projected returns pro-forma

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

5-year hold

• IRR: -54.3%
• Equity multiple: -0.58×
• Total profit: $-189,511
• Equity at exit: $63,965

10-year hold

• IRR: —
• Equity multiple: -1.63×
• Total profit: $-316,349
• Equity at exit: $37,092

Cash invested: $120,120 (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 11563

• Active inventory: 134
• Price-to-rent: 9.9×

Monthly cashflow live

• Estimated rent: $3,599 high
• Mortgage (P&I): −$2,250
• Tax est. 1.5%: −$536 /mo · $6,435/yr
• Insurance: −$179
• Flood insurance flood zone: −$56 /mo · $666/yr
• HOA est. from 1 same-building comp: −$1,725
• Vacancy / Maint / Mgmt: −$756
• Net cashflow: $-1,902

Break-even live

Break-even rent $6,007

Max offer price $153,769

Occupancy floor —

Sensitivity live

Price	-10% $-1,606	-5% $-1,754	+0% $-1,902	+5% $-2,050	+10% $-2,199
Rent	-10% $-2,186	-5% $-2,044	+0% $-1,902	+5% $-1,760	+10% $-1,618
Rate	-1.0pp $-1,686	-0.5pp $-1,793	base $-1,902	+0.5pp $-2,013	+1.0pp $-2,126

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: $107,250
• Closing costs: $12,870
• Reserves months: —
• Total cash needed: —

Rent comps 25 comps

Address	Beds	Baths	Sqft	Rent	$/sqft	DOM	Units	Dist
2 Fowler Ave Unit 211 Lynbrook, NY	3.0	2.0	1300	$3,750	$2.88	26d	1	0.04mi
2 Leach St Lynbrook, NY	3.0	1.0	1710	$3,300	$1.93	45d	1	0.27mi
14 Endview Ave Lynbrook, NY	2.0	2.0	1210	$3,650	$3.02	45d	1	0.29mi
24 Doxsey Pl Unit 3 Lynbrook, NY	2.0	1.0	900	$3,300	$3.67	26d	1	0.48mi
27 Park Pl Unit 2 Lynbrook, NY	3.0	1.0	1000	$3,600	$3.60	45d	1	0.56mi
68 Shipherd Ave Apt 2 Lynbrook, NY	2.0	1.0	1200	$2,650	$2.21	26d	1	0.56mi
44 Jefferson Ave Unit Second Floor Lynbrook, NY	2.0	1.0	1452	$2,850	$1.96	45d	1	0.65mi
23 Thompson Pl Unit 2 Lynbrook, NY	3.0	1.0	900	$3,100	$3.44	20d	1	0.66mi
576 Scranton Ave Unit 576-4 Lynbrook, NY	2.0	1.0	1212	$3,750	$3.09	46d	1	0.72mi
1 Allen St Unit 1 Lynbrook, NY	3.0	2.0	1100	$3,500	$3.18	18d	1	0.73mi
26 Starks Pl Lynbrook, NY	3.0	1.5	1822	$3,850	$2.11	3d	1	0.84mi
92 Wavecrest St Valley Stream, NY	2.0	1.0	1200	$2,800	$2.33	26d	1	0.86mi
65 Prospect Ave Apt 15W Lynbrook, NY	2.0	2.0	1060	$3,680	$3.47	24d	1	1.00mi
61 Hollywood Ave Lynbrook, NY	2.0	1.0	1825	$3,000	$1.64	45d	1	1.01mi
103 E Saint Marks Pl Valley Stream, NY	3.0	1.0	1758	$3,700	$2.10	0d	1	1.10mi
441 Atlantic Ave Unit 2 East Rockaway, NY	3.0	1.0	1150	$3,500	$3.04	45d	1	1.14mi
125 S Cottage St Valley Stream, NY	1.0–2.0	1.0–2.0	1143	$4,285	$3.75	0d	7	1.17mi
70 S Cottage St Valley Stream, NY	2.0	1.5	1290	$4,000	$3.10	0d	1	1.18mi
66 Kenmore Rd Valley Stream, NY	2.0	1.0	1525	$2,950	$1.93	20d	1	1.22mi
80 N Centre Ave Rockville Centre, NY	3.0	1.0–3.5	1254	$5,930	$4.73	0d	1	1.24mi
127 Gordon Rd Valley Stream, NY	3.0	1.0	1200	$3,350	$2.79	45d	1	1.28mi
111 S Centre Ave Apt 1SS Rockville Centre, NY	2.0	1.0	950	$3,250	$3.42	6d	1	1.34mi
3 Keuka Rd West Hempstead, NY	3.0	1.0	916	$3,000	$3.28	24d	1	1.45mi
35 Gibson Blvd Unit 2 Valley Stream, NY	2.0	1.0	1150	$3,900	$3.39	0d	1	1.45mi
35 S Franklin Ave Valley Stream, NY	3.0	1.5	1692	$5,500	$3.25	24d	1	1.49mi

HOA detail condo

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

Listing history 17 events

1. 2026-06-21
   days on market $429,000 Active 198 DOM
2. 2026-06-18
   days on market $429,000 Active 195 DOM
3. 2026-06-17
   days on market $429,000 Active 194 DOM
4. 2026-06-16
   days on market $429,000 Active 193 DOM
5. 2026-06-15
   days on market $429,000 Active 192 DOM
6. 2026-06-13
   days on market $429,000 Active 190 DOM
7. 2026-06-09
   days on market $429,000 Active 186 DOM
8. 2026-06-08
   days on market $429,000 Active 185 DOM
9. 2026-06-07
   days on market $429,000 Active 184 DOM
10. 2026-06-04
    days on market $429,000 Active 181 DOM
11. 2026-06-03
    days on market $429,000 Active 180 DOM
12. 2026-06-02
    days on market $429,000 Active 179 DOM
13. 2026-06-01
    days on market $429,000 Active 178 DOM
14. 2026-05-31
    days on market $429,000 Active 177 DOM
15. 2026-04-17
    price $429,000 1165-char remark

    Show marketing remark (1165 chars)

    Welcome to Lynbrook Gardens, Garden Style Co-op Two Floor Building w/Elevator. Monthly Maintenance: $1735.59 Guaranteed One Assigned Outdoor Parking Space on premises. Take Elevator or Stairway to 1st Floor Apartments. This apartment has a feeling of a ranch style home due to the generously sized floor plan that offers plenty of Sunshine. Three (3) Bedrooms-Two FBTH Plus Terrace Corner Unit. Refinished Hardwood Oak Floors throughout, brand new paint job throughout. Large LR, Formal Dining Area, Oversized EIK with double hung windows over sink, Dishwasher, Double Oven and Refrigerator. Plenty of counter space a chef's delight! Primary Bedroom has Primary FBTH includes stall shower with sliding door and window. Seven (7) Ample closets including three (3) walk-ins! Laundry Rm is Lobby level operates 24/7. Gas Heat & Gas Oven. Individual Thermostat located in apartment. Four (4) In-Wall Air-Conditioning units. Outdoor Inground Pool on premises, Bike Storage Room on Premises. Available Handicap Accessible Ramp for easy-in/out of building. Near LIRR, Shopping, Cinema, Elementary & Middle Schools, and Parkway. Sorry NO PETS ALLOWED. No Smoking.

16. 2026-03-20
    price $449,000 1165-char remark

    Show marketing remark (1165 chars)

    Welcome to Lynbrook Gardens, Garden Style Co-op Two Floor Building w/Elevator. Monthly Maintenance: $1735.59 Guaranteed One Assigned Outdoor Parking Space on premises. Take Elevator or Stairway to 1st Floor Apartments. This apartment has a feeling of a ranch style home due to the generously sized floor plan that offers plenty of Sunshine. Three (3) Bedrooms-Two FBTH Plus Terrace Corner Unit. Refinished Hardwood Oak Floors throughout, brand new paint job throughout. Large LR, Formal Dining Area, Oversized EIK with double hung windows over sink, Dishwasher, Double Oven and Refrigerator. Plenty of counter space a chef's delight! Primary Bedroom has Primary FBTH includes stall shower with sliding door and window. Seven (7) Ample closets including three (3) walk-ins! Laundry Rm is Lobby level operates 24/7. Gas Heat & Gas Oven. Individual Thermostat located in apartment. Four (4) In-Wall Air-Conditioning units. Outdoor Inground Pool on premises, Bike Storage Room on Premises. Available Handicap Accessible Ramp for easy-in/out of building. Near LIRR, Shopping, Cinema, Elementary & Middle Schools, and Parkway. Sorry NO PETS ALLOWED. No Smoking.

17. 2025-12-05
    listed $469,000 Active 1165-char remark

    Show marketing remark (1165 chars)

    Welcome to Lynbrook Gardens, Garden Style Co-op Two Floor Building w/Elevator. Monthly Maintenance: $1735.59 Guaranteed One Assigned Outdoor Parking Space on premises. Take Elevator or Stairway to 1st Floor Apartments. This apartment has a feeling of a ranch style home due to the generously sized floor plan that offers plenty of Sunshine. Three (3) Bedrooms-Two FBTH Plus Terrace Corner Unit. Refinished Hardwood Oak Floors throughout, brand new paint job throughout. Large LR, Formal Dining Area, Oversized EIK with double hung windows over sink, Dishwasher, Double Oven and Refrigerator. Plenty of counter space a chef's delight! Primary Bedroom has Primary FBTH includes stall shower with sliding door and window. Seven (7) Ample closets including three (3) walk-ins! Laundry Rm is Lobby level operates 24/7. Gas Heat & Gas Oven. Individual Thermostat located in apartment. Four (4) In-Wall Air-Conditioning units. Outdoor Inground Pool on premises, Bike Storage Room on Premises. Available Handicap Accessible Ramp for easy-in/out of building. Near LIRR, Shopping, Cinema, Elementary & Middle Schools, and Parkway. Sorry NO PETS ALLOWED. No Smoking.

ⓘ 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 7/10 Severe FEMA zone X (unshaded) · 78% chance over 30 yrs
• 🔥 Wildfire 1/10 Low
• 🌡 Heat 6/10 Major 7 d/yr ≥97°F today · 16 d/yr by 30 yrs out
• 💨 Wind 6/10 Major 69% chance of damaging wind over 30 yrs
• 🫁 Air quality 3/10 Moderate 4 unhealthy d/yr today · 4 by 30 yrs out

Taxation est. · year 1

• Rental income: $43,188
• − Mortgage interest: −$24,031
• − Property taxes: −$6,435
• − Insurance: −$2,812
• − Repairs & maintenance: −$3,455
• − Management: −$3,455
• − HOA: −$20,700
• − Depreciation: −$12,480
• Taxable loss: −$30,179
• Est. tax savings @ 24.0%: +$7,243
• After-tax cash flow: $-15,582/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

Good 75/100 Cosmetic rehab

This property is in good condition with minimal repairs needed. It offers a good investment opportunity with potential for value enhancement through minor updates.

Value-add opportunities

• Both Painting — Fresh paint can enhance curb appeal and interior aesthetics.
• Both Window treatments — New window treatments can improve energy efficiency and aesthetics.
• Both HVAC maintenance — Regular maintenance ensures optimal performance and energy efficiency.

Renovation cost estimate screening

Value-add ROI direction

• Both Painting — Fresh paint can enhance curb appeal and interior aesthetics. ↑
• Both Window treatments — New window treatments can improve energy efficiency and aesthetics. ↑
• Both HVAC maintenance — Regular maintenance ensures optimal performance and energy efficiency. ↑

ⓘ 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: Lynbrook Union Free School District
• NCES district ID: 3617910
• Math proficiency: 75% ▬ 0.00%
• Reading proficiency: 73% ▲ 2.00%
• Median HH income: $93,436
• Composite: 66.85/100
• National rank: #404
• State rank: #72 of 590 in NY

Livability — Lynbrook

• Score: 88/100
• State rank: #10
• US rank: #221

Category grades

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

Schools grade is shown separately in the Schools card above.

Census & demographics

• Census place: Lynbrook, NY
• County: Nassau County · 653,051 people
• City population: 22,899
• Metro: New York-Newark-Jersey City, NY-NJ-PA
• Population (ZIP): 22,899
• Household income: $136,887
• Rent vs Own: 23.7% rent · 76.3% own
• Severe rent burden: 618.0

Population outlook (Nassau County) Hauer SSP2

• Today (2025): 1,409,302 people
• By 2030: 1,431,482 · +1.6%
• By 2040: 1,471,607 · +4.4%
• By 2050: 1,502,845 · +6.6%
• By 2075: 1,575,403 · +11.8%
• By 2100: 1,554,356 · +10.3%

Race, ethnicity, and origin ACS 2023

• Neighborhood character: Diverse neighborhood (Simpson 0.56)
• Race & ethnicity: White 62% Hispanic / Latino 21% Two or more races 10% Asian 7% Black 7%
• Hispanic origin (detail): Mexican 1% Puerto Rican 4% Cuban 2% Dominican 3%
• Common ancestry: Hispanic 2% Romanian 2% Scotch-Irish 2%
• Foreign-born: 17% · Canada, China, Jamaica
• Languages at home: 74% English-only · Spanish 13% Other Indo-European 7% French/Haitian/Cajun 2%

Political lean MEDSL · Nassau

• 2024 margin: Toss-up / Even · D 47.9% · R 52.1%
• 2008→2024 swing: -12.6pp toward R · 2008: 8.4pp · 2024: -4.2pp
• All cycles: 2024: R+4.2 2020: D+9.5 2016: D+5.3 2012: D+6.7 2008: D+8.4

Not yet ingested

• Civics: —

Market trends

• HPI YoY: ▼ -652.00%
• Current HPI: 317.1455
• 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

-8.5% since first listed

3 events — show timeline

• 2026-04-17 Price Changed $429,000 OneKey® MLS as Distributed by MLS Grid
• 2026-03-20 Price Changed $449,000 OneKey® MLS as Distributed by MLS Grid
• 2025-12-05 Listed $469,000 OneKey® MLS as Distributed by MLS Grid