32 Chase Ave · White Plains, NY 10606

$739,000

3 bd · 2.0 ba · 1,500 sqft · SingleFamily public records · 35 Days on market

Built 1964 7,841 sqft lot $493/sqft · 15% below area Est $867k · 15% under ↓ 11% since listing

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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).

• ARV discount +14.1/15.0
• Cash flow +9.9/30.0
• Schools +4.7/10.0
• Livability +3.6/5.0
• DSCR +2.8/10.0
• Rent growth +2.6/5.0
• Condition / age +2.5/5.0
• 1% rule +1.6/10.0
• Appreciation +0.0/10.0

Listing remarks MLS

Mid-Century Gem Has It All—come and see the difference! This meticulously maintained, one-owner home is anything but average and ideally located between White Plains and Central Avenue, offering an unbeatable combination of lifestyle and convenience. Space is truly the name of the game here. A welcoming front entry and foyer lead to the main living level, where gorgeous hardwood floors flow throughout. The huge, sun-filled living room features large windows and a decorative fireplace, creating a warm and inviting space. Across from it, a generous dining room is perfect for entertaining. The eat-in kitchen offers ample counter space, a window above the sink, and convenient access to the side yard. The upper level includes a spacious primary bedroom with a full en-suite bathroom, along with two large guest bedrooms and a full hall bath. The lower level continues to impress with exceptional versatility, featuring a huge bonus room, a full eat-in kitchen, a full bathroom, a spacious utility room, and walk-out access to the patio and backyard—ideal for extended living, guests, or a variety of uses including an in-law suite, home office, or recreation space. Additional highlights include an attached garage, a long multi-car driveway, and an oversized front/side yard offering plenty of outdoor space. Move right in and make it your own, or embrace the home’s mid-century character and elevate it with stylish modern touches. All of this just minutes to downtown White Plains, Metro-North, shopping, parks, and major highways.

Key facts

• In-law suite
• Walk-out access
• Decorative fireplace

Tags

• WELCOMING FRONT ENTRY
• DECORATIVE FIREPLACE
• EAT-IN KITCHEN
• WALK-OUT ACCESS
• FINISHED LOWER LEVEL
• IN-LAW SUITE

What this means for you Summary

Snapshot

• This is a 3-bed/2.0-bath single-family listed at $739k.

Deal economics

• At list price, monthly cash flow is $-457 ($-5k/yr) — negative.
• To cash-flow at today's rent, offer at most $658k (10.9% below list).
• To meet the 1% rule (rent ≥ 1% of price), the offer needs to be $489k (33.8% below list).
• Recommended offer: $489k (33.8% below list) — sets the bar for 1% rule.
• Cap rate 5.6% vs local median 4.3% in White Plains — meaningfully above typical; check what's discounted (condition, days-on-market, listing class) to confirm the premium yield is real.

Location & tenants

• Location reads 71/100 on livability (#410 in NY) — a middle-class / working-renter tenant base. Strengths: commute A+, employment A+, crime A-; Watch: amenities F, cost of living F.
• White Plains City School District (urban): math 49% / reading 54% proficiency, ranked #313 of 590 in NY (top 53%) — acceptable for families but not a draw, mixed tenant base, ~2y average lease.
• Zoned schools: White Plains Middle School (math 36% / reading 53%, grade D, #348 of 729 statewide, top 50%, 1,517 students, 50% FRL); White Plains Senior High School (math 89% / reading 67%, grade A-, #577 of 1,100 statewide, top 52%, 2,220 students, 53% FRL).
• Market conditions: Rents flat; 54 active listings in the ZIP; 20 comparable units currently listed for rent nearby; rentals at typical pace (median 19d on market — plan ~3-4 weeks tenant-placement turnaround); high-income renter base; 954 units permitted in Westchester County in 2024 (649 in 5+ unit buildings).
• At $4,890/mo this rent would consume 52% of the median local household income ($112k/yr) (locally 1191% of renters already pay >50% of income on rent) — very limited rent-growth headroom before tenants either downsize or default.

Forward outlook

• Local home prices are declining (-3.0%/yr); year-one equity from $5k of loan paydown is wiped out by about $22k 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.

Negotiation context

• It's been on market 35 days — a 3% lower offer ($717k) is reasonable based on typical stale-listing flexibility.
• 2 sale attempts; this cycle's ask has dropped $91k (11%) 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 $489,025 (33.8% 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 35 days. Have you received any prior offers? Is the seller open to a 34% concession, seller financing, or rate buy-down credit?
3. Built in 1964 — when were the roof, HVAC, electrical panel, plumbing, and water heater last replaced?
4. Is there a deadline driving the sale (1031 exchange, divorce, estate, relocation)? That informs how much negotiation room exists.
5. 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?
6. 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.
7. 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.
8. How much new for-sale + rental construction is in the pipeline within 1–3 miles? Heavy new supply typically softens prices + rents 12–24 months out; constrained supply supports both.

Investment metrics

• 1% rule: 0.66% ✗
• Cap rate: 5.55%
• Cash-on-cash: -2.65%
• DSCR: 0.88
• GRM: 12.6

CMA / ARV

• ARV (median comp): $866,741
• List price: $739,000
• Delta: -14.74%
• Verdict: UNDERPRICED
• Comps: 20 within 1.0 mi

Show comp detail 12 sales within ~0.75 mi

Address	Dist	Beds/Ba	Sqft	Sold	Price	$/sf	Match
15 Jackson Ave	0.06mi	3/1.0	1,500 (0%)	3mo	$700,000	$467	91
10 Edna St	0.20mi	3/1.0	1,469 (-2%)	2mo	$705,000	$480	81
23 Jackson Ave	0.05mi	3/1.5	1,616 (+8%)	7mo	$700,000	$433	77
7 Jane St	0.42mi	3/2.0	1,411 (-6%)	2mo	$700,000	$496	69
49 Cleveland St	0.40mi	3/2.0	1,392 (-7%)	2mo	$650,000	$467	67
232 Chatterton Pkwy	0.19mi	4/2.0 (+1)	1,680 (+12%)	2mo	$630,000	$375	64
24 Mckinley Ave	0.60mi	3/1.5	1,450 (-3%)	1mo	$660,000	$455	64
55 Harvard Dr	0.21mi	3/2.5	1,700 (+13%)	8mo	$820,000	$482	59
56 Independence St	0.42mi	4/1.0 (+1)	1,435 (-4%)	8mo	$378,000	$263	58
159 Columbia Ave	0.44mi	3/2.5	1,622 (+8%)	8mo	$760,000	$469	57
54 Lincoln Ave	0.56mi	3/1.5	1,620 (+8%)	5mo	$765,000	$472	54
53 Jefferson Ave	0.58mi	3/1.0	1,653 (+10%)	6mo	$780,000	$472	47

Match score weights: distance 35% · size 25% · config 20% · recency 20%. Top-matched comps best support the ARV.

Projected returns pro-forma

-3.0% appreciation · 0.41% rent growth · sell at horizon

5-year hold

• IRR: -23.2%
• Equity multiple: 0.22×
• Total profit: $-161,701
• Equity at exit: $110,187

10-year hold

• IRR: -25.0%
• Equity multiple: -0.10×
• Total profit: $-228,366
• Equity at exit: $63,895

Cash invested: $206,920 (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 10606

• Rents YoY: 0.4%
• Active inventory: 54
• Price-to-rent: 12.6×

Monthly cashflow live

• Estimated rent: $4,890 high
• Mortgage (P&I): −$3,875
• Tax from tax record: −$137 /mo · $1,646/yr
• Insurance: −$308
• HOA: −$0
• Vacancy / Maint / Mgmt: −$1,027
• Net cashflow: $-457

Break-even live

Break-even rent $5,469

Max offer price $658,234

Occupancy floor —

Sensitivity live

Price	-10% $-39	-5% $-248	+0% $-457	+5% $-666	+10% $-876
Rent	-10% $-844	-5% $-650	+0% $-457	+5% $-264	+10% $-71
Rate	-1.0pp $-85	-0.5pp $-269	base $-457	+0.5pp $-649	+1.0pp $-844

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: $184,750
• Closing costs: $22,170
• Reserves months: —
• Total cash needed: —

Rent comps 20 comps

Address	Beds	Baths	Sqft	Rent	$/sqft	DOM	Units	Dist
9 Ridgeview Ave White Plains, NY	3.0	1.0	1500	$3,500	$2.33	26d	1	0.42mi
55 Bank St White Plains, NY	2.0	1.0–2.0	813	$5,418	$6.66	0d	23	0.70mi
15 Bank St White Plains, NY	1.0–2.0	1.0–2.0	934	$4,093	$4.38	0d	19	0.78mi
15 Homewood Rd Hartsdale, NY	3.0	2.0	1868	$7,000	$3.75	26d	1	0.84mi
25 N Lexington Ave White Plains, NY	3.0	1.0–2.0	988	$7,972	$8.07	0d	26	0.90mi
250 Mamaroneck Ave White Plains, NY	1.0–3.0	1.0–2.5	1298	$10,808	$8.33	0d	122	1.13mi
5 Renaissance Sq Apt 21F White Plains, NY	2.0	2.5	1534	$6,850	$4.47	19d	1	1.15mi
26 Fairview Ave White Plains, NY	3.0	1.5	1100	$3,600	$3.27	45d	1	1.17mi
131 Mamaroneck Ave White Plains, NY	3.0	1.0–2.0	974	$6,245	$6.41	0d	17	1.19mi
27 Barker Ave White Plains, NY	2.0	1.0–2.0	1131	$5,391	$4.76	0d	18	1.19mi
42 Waller Ave White Plains, NY	2.0	1.0	1150	$3,300	$2.87	45d	1	1.22mi
234 Martine Ave White Plains, NY	3.0	2.0	1460	$4,195	$2.87	25d	1	1.25mi
240 Martine Ave Apt 4G White Plains, NY	3.0	2.0	1460	$4,195	$2.87	45d	1	1.26mi
10 Lyon Pl White Plains, NY	2.0	1.0–2.0	870	$4,375	$5.03	45d	17	1.26mi
250 S Central Ave Apt 4A Hartsdale, NY	2.0	1.0	1289	$4,350	$3.37	18d	1	1.27mi
1 Lyon Pl Unit 907 White Plains, NY	2.0	2.0	1120	$4,555	$4.07	4d	1	1.27mi
250 S Central Ave Hartsdale, NY	1.0–2.0	1.0–2.0	1084	$5,500	$5.07	0d	1	1.30mi
440 Hamilton Ave White Plains, NY	2.0	1.0–2.0	880	$5,554	$6.31	0d	29	1.36mi
55 N Broadway Unit 3-15H White Plains, NY	2.0	2.5	1310	$3,850	$2.94	45d	1	1.37mi
100 Hale Ave White Plains, NY	2.0	1.0–2.0	908	$4,961	$5.46	0d	11	1.38mi

Listing history 4 events

1. 2026-06-03
   pricestatusdays on market $739,000 Pending 35 DOM
2. 2026-05-17
   price $739,000 1564-char remark

   Show marketing remark (1564 chars)

   Mid-Century Gem Has It All—come and see the difference! This meticulously maintained, one-owner home is anything but average and ideally located between White Plains and Central Avenue, offering an unbeatable combination of lifestyle and convenience. Space is truly the name of the game here. A welcoming front entry and foyer lead to the main living level, where gorgeous hardwood floors flow throughout. The huge, sun-filled living room features large windows and a decorative fireplace, creating a warm and inviting space. Across from it, a generous dining room is perfect for entertaining. The eat-in kitchen offers ample counter space, a window above the sink, and convenient access to the side yard. The upper level includes a spacious primary bedroom with a full en-suite bathroom, along with two large guest bedrooms and a full hall bath. The lower level continues to impress with exceptional versatility, featuring a huge bonus room, a full eat-in kitchen, a full bathroom, a spacious utility room, and walk-out access to the patio and backyard—ideal for extended living, guests, or a variety of uses including an in-law suite, home office, or recreation space. Additional highlights include an attached garage, a long multi-car driveway, and an oversized front/side yard offering plenty of outdoor space. Move right in and make it your own, or embrace the home’s mid-century character and elevate it with stylish modern touches. All of this just minutes to downtown White Plains, Metro-North, shopping, parks, and major highways.

3. 2026-04-17
   listed $829,999 Active 1564-char remark

   Show marketing remark (1564 chars)

   Mid-Century Gem Has It All—come and see the difference! This meticulously maintained, one-owner home is anything but average and ideally located between White Plains and Central Avenue, offering an unbeatable combination of lifestyle and convenience. Space is truly the name of the game here. A welcoming front entry and foyer lead to the main living level, where gorgeous hardwood floors flow throughout. The huge, sun-filled living room features large windows and a decorative fireplace, creating a warm and inviting space. Across from it, a generous dining room is perfect for entertaining. The eat-in kitchen offers ample counter space, a window above the sink, and convenient access to the side yard. The upper level includes a spacious primary bedroom with a full en-suite bathroom, along with two large guest bedrooms and a full hall bath. The lower level continues to impress with exceptional versatility, featuring a huge bonus room, a full eat-in kitchen, a full bathroom, a spacious utility room, and walk-out access to the patio and backyard—ideal for extended living, guests, or a variety of uses including an in-law suite, home office, or recreation space. Additional highlights include an attached garage, a long multi-car driveway, and an oversized front/side yard offering plenty of outdoor space. Move right in and make it your own, or embrace the home’s mid-century character and elevate it with stylish modern touches. All of this just minutes to downtown White Plains, Metro-North, shopping, parks, and major highways.

4. 2026-03-31
   listed $829,999 Active

ⓘ Source: listings_history table (triggers on properties + properties_extension) + one-shot backfill from property_details.listing_events for pre-trigger history.

Tax reassessment forecast NY · Partial reset (capped growth)

• Current annual tax: $1,646 · $137/mo
• Projected year-2 tax: $7,068 · $589/mo
• Expected delta: +$5,421/yr (+$452/mo · 329.3%)

ⓘ Screening estimate from a state-policy table — verify with the county assessor before closing.

Climate risk First Street

• 🌊 Flood 1/10 Low FEMA zone X (unshaded) · 0% chance over 30 yrs
• 🔥 Wildfire 1/10 Low
• 🌡 Heat 5/10 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 4/10 Moderate 3 unhealthy d/yr today · 5 by 30 yrs out

Taxation est. · year 1

• Rental income: $58,683
• − Mortgage interest: −$41,395
• − Property taxes: −$1,646
• − Insurance: −$3,695
• − Repairs & maintenance: −$4,695
• − Management: −$4,695
• − Depreciation: −$21,498
• Taxable loss: −$18,941
• Est. tax savings @ 24.0%: +$4,546
• After-tax cash flow: $-940/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: White Plains City School District
• NCES district ID: 3631260
• Math proficiency: 49% ▼ -6.00%
• Reading proficiency: 54% ▲ 2.00%
• Median HH income: $78,366
• Composite: 46.72/100
• National rank: #2397
• State rank: #313 of 590 in NY

Livability — White Plains

• Score: 71/100
• State rank: #410
• US rank: #6801

Category grades

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

Schools grade is shown separately in the Schools card above.

Census & demographics

• Census place: White Plains, NY
• County: Westchester County · 709,332 people
• City population: 61,281
• Metro: New York-Newark-Jersey City, NY-NJ-PA
• Population (ZIP): 17,341
• Household income: $112,270
• Rent vs Own: 65.5% rent · 34.5% own
• Severe rent burden: 1191.0

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: Diverse neighborhood (Simpson 0.69)
• Race & ethnicity: Hispanic / Latino 44% White 30% Black 14% Two or more races 14% Asian 9%
• Hispanic origin (detail): Mexican 16% Puerto Rican 4% Dominican 3%
• Common ancestry: Romanian 1% Lithuanian 1% Hispanic 1%
• Foreign-born: 38% · Canada, Jamaica, China
• Languages at home: 49% English-only · Spanish 37% Other Indo-European 4% Chinese 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: ▼ -474.05%
• Current HPI: 247.9311
• Rent YoY: ▲ 0.41%
• 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

-11.0% since first listed

3 events — show timeline

• 2026-05-17 Price Changed $739,000 OneKey® MLS as Distributed by MLS Grid
• 2026-04-17 Listed $829,999 OneKey® MLS as Distributed by MLS Grid
• 2026-03-31 Listed $829,999 OneKey® MLS as Distributed by MLS Grid

Property tax history

-24.5%/yr

Latest (2025): $1,646 · -0.3% YoY. Source: county tax records.