504 Merrick Rd Unit 3G · Lynbrook, NY 11563

$265,000

1 bd · 1.0 ba · 800 sqft · Condo · 50 Days on market

Built 1961

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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 +7.5/15.0
• Schools +6.7/10.0
• 1% rule +5.7/10.0
• Livability +4.4/5.0
• Rent growth +2.5/5.0
• Condition / age +2.5/5.0
• Cash flow +2.3/30.0
• DSCR +0.0/10.0
• Appreciation +0.0/10.0

Listing remarks MLS

Lynbrook 1 Bedroom CO-OP At Lynbrook Terrace. Approximately 700 FT. Elevator Building. 3rd Floor Unit, One In From The Corner. Living Room/Dining Room. King Bedroom With 2 Closets. 1 Closet By Apartment Entrance & 1 Linen Closet By Bathroom. Common Ground Floor Laundry Room. $772 Maintenance Includes Everything Except Electric & Cable. Part Of Living Room Has French Pocket Doors For A Den/Office. 1 Car Assigned Outdoor Parking. Generally A Few Month Wait List For Indoor Parking. Common Bike Room & Outdoor Rear Common Patio. Across The Street From Lynbrook North Middle School & Few Blocks From Lynbrook Train Station. N4 Bus Is 1 Block Away., Additional information: Interior Features:Efficiency Kitchen,Lr/Dr

Key facts

• Renovated kitchen
• Kitchen island
• Granite countertops

Tags

• RENOVATED KITCHEN
• GRANITE COUNTERTOPS
• STAINLESS STEEL APPLIANCES
• KITCHEN ISLAND
• OVERSIZED LIVING ROOM
• RENOVATED FULL BATHROOM

Property features AI

Finance

• HOA & community: Monthly association fee

Exterior

• Parking: Garage; Parking lot (1 parking space total); No carport
• Utilities: Public sewer; Utilities: See remarks
• Home design: Stock cooperative; 4 total stories; Entry level is on the 3rd floor
• Construction: Brick construction
• Exterior features: Brick construction; Not waterfront

Interior

• Kitchen: Stainless steel appliances
• Bedrooms: Entry level: 3 (total rooms indicate 4 rooms)
• Bathrooms: 1 full bathroom
• Heating & cooling: Baseboard heating
• Interior features: Granite counters; His and hers closets; Kitchen island; Storage

What this means for you Summary

Snapshot

• This is a 1-bed/1.0-bath condo listed at $265k.

Deal economics

• At list price, monthly cash flow is $-946 ($-11k/yr) — negative.
• The deal already cash-flows at list — no discount required.
• Meets the 1% rule at list price ($3k rent vs $265k).
• Recommended offer: $257k (3.0% below list) — sets the bar for market timing.
• Cap rate 2.0% 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: 133 active listings in the ZIP; 13 comparable units currently listed for rent nearby; rentals at typical pace (median 23d 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).

Forward outlook

• Local home prices are declining (-3.0%/yr); year-one equity from $2k of loan paydown is wiped out by about $8k 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 50 days — a 3% lower offer ($257k) is reasonable based on typical stale-listing flexibility.
• 5 sale attempts since 13y 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.
• Current owner paid $96k; list at $265k implies a 176% gain — meaningful room to come down on a strong offer.

Risks & watch-outs

• Watch-outs: HOA is 48% of rent.
• Climate carrying-cost: major flood risk; major wind risk, 70% 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 $257,050 (3.0% 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 50 days. Have you received any prior offers? Is the seller open to a 3% concession, seller financing, or rate buy-down credit?
3. Built in 1961 — when were the roof, HVAC, electrical panel, plumbing, and water heater last replaced?
4. What does the HOA fee cover, when was the last increase, and are there any pending special assessments or reserve-fund shortfalls?
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. Is there a deadline driving the sale (1031 exchange, divorce, estate, relocation)? That informs how much negotiation room exists.
7. 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?
8. 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?
9. 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.
10. 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.
11. 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: 1.07% ✓
• Cap rate: 2.01%
• Cash-on-cash: -15.29%
• DSCR: 0.32
• GRM: 7.8

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: -45.0%
• Equity multiple: -0.38×
• Total profit: $-102,287
• Equity at exit: $39,512

10-year hold

• IRR: -77.1%
• Equity multiple: -1.20×
• Total profit: $-163,060
• Equity at exit: $22,912

Cash invested: $74,200 (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: 133
• Price-to-rent: 7.8×

Monthly cashflow live

• Estimated rent: $2,835 high
• Mortgage (P&I): −$1,390
• Tax est. 1.5%: −$331 /mo · $3,975/yr
• Insurance: −$110
• HOA est. from 1 same-building comp: −$1,354
• Vacancy / Maint / Mgmt: −$595
• Net cashflow: $-946

Break-even live

Break-even rent $4,032

Max offer price $128,181

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: $66,250
• Closing costs: $7,950
• Reserves months: —
• Total cash needed: —

Rent comps 13 comps

Address	Beds	Baths	Sqft	Rent	$/sqft	DOM	Units	Dist
67 N Prospect Ave Unit 16C Lynbrook, NY	1.0	1.0	785	$3,030	$3.86	18d	1	0.45mi
8 Winthrop St Unit 2 Lynbrook, NY	1.0	1.0	600	$2,100	$3.50	44d	1	0.48mi
157 Hempstead Ave Unit B6 Lynbrook, NY	1.0	1.0	700	$2,700	$3.86	25d	1	0.54mi
318 Earle Ave Unit 2 Lynbrook, NY	1.0	1.0	600	$2,500	$4.17	25d	1	0.62mi
112 Atlantic Ave Apt 71 Lynbrook, NY	2.0	1.0	760	$3,000	$3.95	13d	1	0.63mi
24 Doxsey Pl Unit 3 Lynbrook, NY	2.0	1.0	900	$3,300	$3.67	25d	1	0.69mi
125 S Cottage St Valley Stream, NY	1.0–2.0	1.0–2.0	1143	$3,456	$3.02	1d	7	0.86mi
65 Prospect Ave Unit 2W Lynbrook, NY	1.0	1.0	800	$3,055	$3.82	44d	1	0.88mi
65 Prospect Ave Apt 15W Lynbrook, NY	2.0	2.0	1060	$3,680	$3.47	22d	1	0.88mi
21 N Grove St Unit 2 Valley Stream, NY	1.0	1.0	700	$2,600	$3.71	22d	1	0.93mi
141 Munro Blvd Valley Stream, NY	1.0	1.0	1000	$1,300	$1.30	18d	1	1.02mi
50 Roosevelt Ave Unit A301 Valley Stream, NY	2.0	1.0	767	$3,550	$4.63	1d	1	1.19mi
510 Dubois Ave Apt 3C Valley Stream, NY	2.0	1.5	1050	$3,400	$3.24	44d	1	1.35mi

HOA detail condo

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

Listing history 14 events

1. 2026-04-28
   status Pending
2. 2026-02-01
   listed $265,000 Active
3. 2021-04-13
   soldstatus Closed 731-char remark

   Show marketing remark (731 chars)

   Lynbrook 1 Bedroom CO-OP At Lynbrook Terrace. Approximately 700 FT. Elevator Building. 3rd Floor Unit, One In From The Corner. Living Room/Dining Room. King Bedroom With 2 Closets. 1 Closet By Apartment Entrance & 1 Linen Closet By Bathroom. Common Ground Floor Laundry Room. $772 Maintenance Includes Everything Except Electric & Cable. Part Of Living Room Has French Pocket Doors For A Den/Office. 1 Car Assigned Outdoor Parking. Generally A Few Month Wait List For Indoor Parking. Common Bike Room & Outdoor Rear Common Patio. Across The Street From Lynbrook North Middle School & Few Blocks From Lynbrook Train Station. N4 Bus Is 1 Block Away., Additional information: Interior Features:Efficiency Kitchen,Lr/Dr

4. 2021-02-04
   status Pending 731-char remark

   Show marketing remark (731 chars)

   Lynbrook 1 Bedroom CO-OP At Lynbrook Terrace. Approximately 700 FT. Elevator Building. 3rd Floor Unit, One In From The Corner. Living Room/Dining Room. King Bedroom With 2 Closets. 1 Closet By Apartment Entrance & 1 Linen Closet By Bathroom. Common Ground Floor Laundry Room. $772 Maintenance Includes Everything Except Electric & Cable. Part Of Living Room Has French Pocket Doors For A Den/Office. 1 Car Assigned Outdoor Parking. Generally A Few Month Wait List For Indoor Parking. Common Bike Room & Outdoor Rear Common Patio. Across The Street From Lynbrook North Middle School & Few Blocks From Lynbrook Train Station. N4 Bus Is 1 Block Away., Additional information: Interior Features:Efficiency Kitchen,Lr/Dr

5. 2021-01-15
   price $175,000 731-char remark

   Show marketing remark (731 chars)

   Lynbrook 1 Bedroom CO-OP At Lynbrook Terrace. Approximately 700 FT. Elevator Building. 3rd Floor Unit, One In From The Corner. Living Room/Dining Room. King Bedroom With 2 Closets. 1 Closet By Apartment Entrance & 1 Linen Closet By Bathroom. Common Ground Floor Laundry Room. $772 Maintenance Includes Everything Except Electric & Cable. Part Of Living Room Has French Pocket Doors For A Den/Office. 1 Car Assigned Outdoor Parking. Generally A Few Month Wait List For Indoor Parking. Common Bike Room & Outdoor Rear Common Patio. Across The Street From Lynbrook North Middle School & Few Blocks From Lynbrook Train Station. N4 Bus Is 1 Block Away., Additional information: Interior Features:Efficiency Kitchen,Lr/Dr

6. 2020-12-14
   status Active 731-char remark

   Show marketing remark (731 chars)

   Lynbrook 1 Bedroom CO-OP At Lynbrook Terrace. Approximately 700 FT. Elevator Building. 3rd Floor Unit, One In From The Corner. Living Room/Dining Room. King Bedroom With 2 Closets. 1 Closet By Apartment Entrance & 1 Linen Closet By Bathroom. Common Ground Floor Laundry Room. $772 Maintenance Includes Everything Except Electric & Cable. Part Of Living Room Has French Pocket Doors For A Den/Office. 1 Car Assigned Outdoor Parking. Generally A Few Month Wait List For Indoor Parking. Common Bike Room & Outdoor Rear Common Patio. Across The Street From Lynbrook North Middle School & Few Blocks From Lynbrook Train Station. N4 Bus Is 1 Block Away., Additional information: Interior Features:Efficiency Kitchen,Lr/Dr

7. 2020-09-18
   listed $185,000 Active 731-char remark

   Show marketing remark (731 chars)

   Lynbrook 1 Bedroom CO-OP At Lynbrook Terrace. Approximately 700 FT. Elevator Building. 3rd Floor Unit, One In From The Corner. Living Room/Dining Room. King Bedroom With 2 Closets. 1 Closet By Apartment Entrance & 1 Linen Closet By Bathroom. Common Ground Floor Laundry Room. $772 Maintenance Includes Everything Except Electric & Cable. Part Of Living Room Has French Pocket Doors For A Den/Office. 1 Car Assigned Outdoor Parking. Generally A Few Month Wait List For Indoor Parking. Common Bike Room & Outdoor Rear Common Patio. Across The Street From Lynbrook North Middle School & Few Blocks From Lynbrook Train Station. N4 Bus Is 1 Block Away., Additional information: Interior Features:Efficiency Kitchen,Lr/Dr

8. 2013-09-13
   soldstatus $96,000 319-char remark

   Show marketing remark (319 chars)

   Sale May Be Subject To Term & Conditions Of An Offering Plan. Parking Inside $90, Outside, $75.00(Maybe A Waitlist) $26.Mntc Assessment Until 7/2013. Fees Apply: $75.00 Credit App Fee, $350 App Fee, $500 Move In&Out Fee., Additional information: Appearance:Excellent,Interior Features:Efficiency Kitchen,Lr/Dr

9. 2013-09-13
   soldstatus $96,000 Closed

   Show marketing remark (319 chars)

   Sale May Be Subject To Term & Conditions Of An Offering Plan. Parking Inside $90, Outside, $75.00(Maybe A Waitlist) $26.Mntc Assessment Until 7/2013. Fees Apply: $75.00 Credit App Fee, $350 App Fee, $500 Move In&Out Fee., Additional information: Appearance:Excellent,Interior Features:Efficiency Kitchen,Lr/Dr

10. 2013-08-14
    status Under Contract
11. 2013-06-26
    price $99,000
12. 2013-04-18
    price $104,900 Price Change
13. 2013-03-19
    listed $115,000 New
14. 2013-03-18
    listed $99,000 319-char remark

    Show marketing remark (319 chars)

    Sale May Be Subject To Term & Conditions Of An Offering Plan. Parking Inside $90, Outside, $75.00(Maybe A Waitlist) $26.Mntc Assessment Until 7/2013. Fees Apply: $75.00 Credit App Fee, $350 App Fee, $500 Move In&Out Fee., Additional information: Appearance:Excellent,Interior Features:Efficiency Kitchen,Lr/Dr

ⓘ 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) · 75% 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 70% 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: $34,023
• − Mortgage interest: −$14,844
• − Property taxes: −$3,975
• − Insurance: −$1,325
• − Repairs & maintenance: −$2,722
• − Management: −$2,722
• − HOA: −$16,248
• − Depreciation: −$7,709
• Taxable loss: −$15,522
• Est. tax savings @ 24.0%: +$3,725
• After-tax cash flow: $-7,621/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: 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

+167.7% since first listed

14 events — show timeline

• 2026-04-28 Pending — OneKey® MLS as Distributed by MLS Grid
• 2026-02-01 Listed $265,000 OneKey® MLS as Distributed by MLS Grid
• 2021-04-13 Sold (MLS) — OneKey® MLS as Distributed by MLS Grid
• 2021-02-04 Pending — OneKey® MLS as Distributed by MLS Grid
• 2021-01-15 Price Changed $175,000 OneKey® MLS as Distributed by MLS Grid
• 2020-12-14 Relisted — OneKey® MLS as Distributed by MLS Grid
• 2020-09-18 Listed $185,000 OneKey® MLS as Distributed by MLS Grid
• 2013-09-13 Sold (MLS) $96,000 MLSLI
• 2013-09-13 Sold (MLS) $96,000 OneKey® MLS as Distributed by MLS Grid
• 2013-08-14 Pending — MLSLI
• 2013-06-26 Price Changed $99,000 MLSLI
• 2013-04-18 Price Changed $104,900 MLSLI
• 2013-03-19 Listed $115,000 MLSLI
• 2013-03-18 Listed $99,000 OneKey® MLS as Distributed by MLS Grid