1670 Longfellow Ave Unit 3J · New York, NY 10460

$180,000

3 bd · 1.0 ba · 0 sqft · Condo public records · 124 Days on market

Built 1928 $1538/mo HOA · 45% of rent

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Why this score? — see what drove the C- 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 +10.9/30.0
• 1% rule +10.0/10.0
• Appreciation +8.7/10.0
• ARV discount +7.5/15.0
• Schools +5.0/10.0
• Livability +3.8/5.0
• DSCR +3.2/10.0
• Rent growth +2.5/5.0
• Condition / age +2.5/5.0

Listing remarks

Discover this charming 3-bedroom, 1-bath coop located at 1670 Longfellow Ave, just minutes from Charlotte Gardens. This well-maintained unit features beautiful hardwood floors throughout, creating a warm and inviting atmosphere. The kitchen is equipped with sleek wood cabinets, granite countertops, and modern steel appliances, perfect for preparing meals and entertaining. Building amenities include a fitness gym and laundry area, making daily living more convenient. Located in a friendly community with easy access to local parks, shopping, and transportation, this coop is an excellent opportunity for comfortable affordable city living. THIS BUILDING REQUIRES ALL CASH PURCHASE

Key facts

• Fitness gym
• Laundry area
• Granite countertops

Tags

• HARDWOOD FLOORS
• GRANITE COUNTERTOPS
• MODERN STEEL APPLIANCES
• FITNESS GYM
• LAUNDRY AREA
• LOCAL PARKS

Property features AI

Finance

• HOA & community: Has association; Monthly association fee of $1,538; Association fee includes common area maintenance

Exterior

• Parking: On-street parking
• Utilities: Sewer: other; Utilities: see remarks
• Home design: Stock cooperative
• Construction: Built with other construction materials
• Exterior features: Non-waterfront property; Construction: other materials; Foundation: other

Interior

• Kitchen: Dishwasher
• Bathrooms: One full bathroom
• Heating & cooling: Electric cooling; Other heating
• Interior features: Elevator; Entry on main level; Six total rooms

What this means for you Summary

Snapshot

• This is a 3-bed/1.0-bath condo listed at $180k.

Deal economics

• At list price, monthly cash flow is $-80 ($-955/yr) — negative.
• To cash-flow at today's rent, offer at most $168k (6.4% below list).
• Meets the 1% rule at list price ($3k rent vs $180k).
• Recommended offer: $158k (12.0% below list) — sets the bar for market timing.
• 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: 78 active listings in the ZIP; 4 comparable units currently listed for rent nearby; rentals at typical pace (median 21d on market — plan ~3-4 weeks tenant-placement turnaround); lower-income renter base — watch delinquency; 6,929 units permitted in Bronx County in 2024 (6,829 in 5+ unit buildings).
• At $3,421/mo this rent would consume 113% of the median local household income ($36k/yr) (locally 7852% of renters already pay >50% of income on rent) — very limited rent-growth headroom before tenants either downsize or default.

Forward outlook

• In year one you build about $15k of equity ($1k loan paydown + $13k appreciation (7.5% local appreciation)).
• Bronx County population projected at +21% by 2050 — long-run rental-demand tailwind backs the buy-and-hold thesis.
• At projected returns (7.5% appreciation + 3.0% rent growth), your $50k cash investment doubles in ~4 years — after that, you're playing with house money.
• By year 3, paydown + projected appreciation supports a ~$37k cash-out refi (75% LTV) — recoverable capital for the next deal without selling this one.

Negotiation context

• It's been on market 124 days — a 12% lower offer ($158k) is reasonable based on typical stale-listing flexibility.
• 4 sale attempts since 9y 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: HOA is 45% of rent; built in 1928 — expect roof / HVAC / electrical / plumbing capex.
• 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 $158,400 (12.0% 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 124 days. Have you received any prior offers? Is the seller open to a 12% concession, seller financing, or rate buy-down credit?
3. Built in 1928 — 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. 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. 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: 1.90% ✓
• Cap rate: 5.76%
• Cash-on-cash: -1.90%
• DSCR: 0.92
• GRM: 4.4

CMA / ARV

No comps found within radius.

Projected returns pro-forma

7.46% appreciation · 3.0% rent growth · sell at horizon

5-year hold

• IRR: 17.6%
• Equity multiple: 2.27×
• Total profit: $63,957
• Equity at exit: $130,240

10-year hold

• IRR: 17.0%
• Equity multiple: 4.80×
• Total profit: $191,345
• Equity at exit: $252,551

Cash invested: $50,400 (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 10460

• Home prices YoY: 3.5%
• Active inventory: 78
• Price-to-rent: 4.4×

Monthly cashflow live

• Estimated rent: $3,421 medium
• Mortgage (P&I): −$944
• Tax est. 1.5%: −$225 /mo · $2,700/yr
• Insurance: −$75
• HOA: −$1,538
• Vacancy / Maint / Mgmt: −$718
• Net cashflow: $-80

Break-even live

Break-even rent $3,521

Max offer price $168,481

Occupancy floor 97%

Sensitivity live

Price	-10% $45	-5% $-17	+0% $-80	+5% $-142	+10% $-204
Rent	-10% $-350	-5% $-215	+0% $-80	+5% $56	+10% $191
Rate	-1.0pp $11	-0.5pp $-34	base $-80	+0.5pp $-126	+1.0pp $-174

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: $45,000
• Closing costs: $5,400
• Reserves months: —
• Total cash needed: —

Rent comps 4 comps

Address	Beds	Baths	Sqft	Rent	$/sqft	DOM	Units	Dist
784 Garden St Unit 2 Bronx, NY	3.0	1.0	400	$3,800	$9.50	15d	1	1.00mi
784 Garden St Unit 2 Bronx, NY	3.0	1.0	900	$3,399	$3.78	0d	1	1.00mi
2311 Crotona Ave Apt 1 Bronx, NY	3.0	1.0	950	$3,350	$3.53	21d	1	1.21mi
2311 Crotona Ave Apt 2 Bronx, NY	3.0	1.0	950	$3,350	$3.53	25d	1	1.21mi

HOA detail condo

• Monthly dues: $1,538 · $18,456/yr
• Likely covers: gym
• Assessments: None detected in remarks — confirm with the listing agent.

Listing history 21 events

1. 2026-06-21
   days on market $180,000 Active 124 DOM
2. 2026-06-18
   days on market $180,000 Active 121 DOM
3. 2026-06-17
   days on market $180,000 Active 120 DOM
4. 2026-06-15
   days on market $180,000 Active 118 DOM
5. 2026-06-13
   days on market $180,000 Active 116 DOM
6. 2026-06-10
   days on market $180,000 Active 112 DOM
7. 2026-06-08
   days on market $180,000 Active 111 DOM
8. 2026-06-04
   days on market $180,000 Active 107 DOM
9. 2026-06-03
   days on market $180,000 Active 106 DOM
10. 2026-06-01
    days on market $180,000 Active 104 DOM
11. 2026-05-31
    days on market $180,000 Active 103 DOM
12. 2026-02-17
    listed $180,000 Active
13. 2026-02-10
    historical
14. 2025-08-29
    listed $180,000 Active
15. 2025-03-25
    historical
16. 2024-12-17
    price $215,000
17. 2024-09-05
    listed $159,999 Active
18. 2018-06-16
    soldstatus $163,000 Sold
19. 2018-04-09
    historical Pending
20. 2018-01-16
    price $170,000
21. 2017-08-28
    listed $150,000 Active

ⓘ 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 1/10 Low FEMA zone X (unshaded) · 0% 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 4/10 Moderate 5 unhealthy d/yr today · 6 by 30 yrs out

Taxation est. · year 1

• Rental income: $41,048
• − Mortgage interest: −$10,083
• − Property taxes: −$2,700
• − Insurance: −$900
• − Repairs & maintenance: −$3,284
• − Management: −$3,284
• − HOA: −$18,456
• − Depreciation: −$5,236
• Taxable loss: −$2,895
• Est. tax savings @ 24.0%: +$695
• After-tax cash flow: $-260/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): 59,396
• Household income: $36,309
• Rent vs Own: 90.6% rent · 9.4% own
• Severe rent burden: 7852.0

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: Predominantly Hispanic (65%)
• Race & ethnicity: Hispanic / Latino 65% Black 27% Two or more races 20% White 3% Native American 1%
• Hispanic origin (detail): Mexican 4% Puerto Rican 23% Dominican 28%
• Foreign-born: 33% · Canada
• Languages at home: 38% English-only · Spanish 54% French/Haitian/Cajun 2% Other Indo-European 1%

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: ▲ 7.46%
• Current HPI: 224.0425
• 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

+20.0% since first listed

10 events — show timeline

• 2026-02-17 Listed $180,000 OneKey® MLS as Distributed by MLS Grid
• 2026-02-10 Listing Removed — OneKey® MLS as Distributed by MLS Grid
• 2025-08-29 Listed $180,000 OneKey® MLS as Distributed by MLS Grid
• 2025-03-25 Listing Removed — OneKey® MLS as Distributed by MLS Grid
• 2024-12-17 Price Changed $215,000 OneKey® MLS as Distributed by MLS Grid
• 2024-09-05 Listed $159,999 OneKey® MLS as Distributed by MLS Grid
• 2018-06-16 Sold (MLS) $163,000 OneKey® MLS as Distributed by MLS Grid
• 2018-04-09 Contingent — OneKey® MLS as Distributed by MLS Grid
• 2018-01-16 Price Changed $170,000 OneKey® MLS as Distributed by MLS Grid
• 2017-08-28 Listed $150,000 OneKey® MLS as Distributed by MLS Grid