512 Kappock St Unit 3J · New York, NY 10463

$224,000

1 bd · 1.0 ba · 800 sqft · Condo · 62 Days on market

Built 1948

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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
• 1% rule +6.4/10.0
• Rent growth +5.0/5.0
• Schools +5.0/10.0
• Cash flow +4.1/30.0
• Livability +3.8/5.0
• Condition / age +2.5/5.0
• DSCR +0.0/10.0
• Appreciation +0.0/10.0

Listing remarks MLS

Bright Top-Floor Gem with Hudson River Views. Welcome to this bright, beautifully designed top-floor apartment in a well-maintained building that only requires 10% down! Enjoy serene Hudson River views that bring a sense of calm into your home. The apartment features gorgeous hardwood floors throughout, a renovated windowed kitchen, and a windowed bathroom, offering both style and functionality. With ample closet space, a separate dining area perfect for entertaining, and natural light flooding every room, this home checks all the boxes. Residents also enjoy access to a peaceful garden area in the back-ideal for casual gatherings or summer grilling. Conveniently located with the local and express buses right outside, and just a short distance to the Metro-North Railroad and the 1 train. Everyday essentials are easily found at the nearby Knolls Crescent Shopping Center. Don't miss this perfect combination of comfort, convenience, and community! pets allowed.

Key facts

• Ample closet space
• Windowed bathroom
• Hudson river views

Tags

• HUDSON RIVER VIEWS
• HARDWOOD FLOORS
• RENOVATED WINDOWED KITCHEN
• WINDOWED BATHROOM
• AMPLE CLOSET SPACE
• SEPARATE DINING AREA

Property features AI

Exterior

• Parking: Off-site parking
• Utilities: Public sewer; Public trash collection
• Home design: Stock cooperative; Living area listed as 800 (source: other)
• Construction: Brick construction
• Exterior features: Brick exterior; Not waterfront

Interior

• Kitchen: Dishwasher; Gas cooktop; Gas oven; Microwave; Refrigerator; Stainless steel appliances
• Bedrooms: Entry level: 3
• Bathrooms: 1 full bathroom
• Heating & cooling: Natural gas heating; Radiant heat; Wall/window air conditioning units
• Interior features: Open floorplan; Eat-in kitchen; Breakfast bar
• Laundry & utility: Common area laundry

What this means for you Summary

Snapshot

• This is a 1-bed/1.0-bath condo listed at $224k.

Deal economics

• At list price, monthly cash flow is $-614 ($-7k/yr) — negative.
• The deal already cash-flows at list — no discount required.
• Meets the 1% rule at list price ($3k rent vs $224k).
• Recommended offer: $211k (6.0% below list) — sets the bar for market timing.

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.
• Zoned schools: Elm Tree Elementary School (math 27% / reading 52%, grade F, #1,444 of 2,108 statewide, top 71%, 806 students, 94% FRL); Jhs 383 Philippa Schuyler (math 32% / reading 67%, grade C, #280 of 729 statewide, top 40%, 822 students, 85% FRL); Midwood High School (math 94% / reading 96%, grade A+, #83 of 1,100 statewide, top 8%, 4,062 students, 73% FRL).
• Market conditions: Rents rising fast (+11.6%/yr); 345 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 $7k 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 62 days — a 6% lower offer ($211k) is reasonable based on typical stale-listing flexibility.
• 22 sale attempts since 15y 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 $170k; 32% above their basis — modest negotiation headroom, anchor on the comps not their cost.

Risks & watch-outs

• Watch-outs: HOA is 42% of rent; built in 1948 — 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 $210,560 (6.0% 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 62 days. Have you received any prior offers? Is the seller open to a 6% concession, seller financing, or rate buy-down credit?
3. Built in 1948 — 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. 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: 1.14% ✓
• Cap rate: 3.01%
• Cash-on-cash: -11.74%
• DSCR: 0.48
• GRM: 7.3

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: -27.0%
• Equity multiple: 0.02×
• Total profit: $-61,210
• Equity at exit: $33,399

10-year hold

• IRR: -7.3%
• Equity multiple: 0.37×
• Total profit: $-39,497
• Equity at exit: $19,367

Cash invested: $62,720 (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: 345
• Price-to-rent: 7.3×

Monthly cashflow live

• Estimated rent: $2,547 medium
• Mortgage (P&I): −$1,175
• Tax est. 1.5%: −$280 /mo · $3,360/yr
• Insurance: −$93
• HOA est. from 2 same-building comps: −$1,078
• Vacancy / Maint / Mgmt: −$535
• Net cashflow: $-614

Break-even live

Break-even rent $3,324

Max offer price $135,220

Occupancy floor —

Sensitivity live

Price	-10% $-459	-5% $-536	+0% $-614	+5% $-691	+10% $-768
Rent	-10% $-815	-5% $-714	+0% $-614	+5% $-513	+10% $-412
Rate	-1.0pp $-501	-0.5pp $-557	base $-614	+0.5pp $-672	+1.0pp $-731

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: $56,000
• Closing costs: $6,720
• 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	23d	3	0.20mi

HOA detail condo

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

Listing history 50 events

1. 2026-06-13
   statusdays on market $224,000 Pending 62 DOM
2. 2026-06-10
   days on market $224,000 Active 61 DOM
3. 2026-06-08
   days on market $224,000 Active 60 DOM
4. 2026-06-08
   days on market $224,000 Active 59 DOM
5. 2026-06-04
   days on market $224,000 Active 56 DOM
6. 2026-06-03
   days on market $224,000 Active 55 DOM
7. 2026-06-01
   days on market $224,000 Active 53 DOM
8. 2026-05-31
   days on market $224,000 Active 52 DOM
9. 2026-04-09
   listed $224,000 Active

   Show marketing remark (971 chars)

   Bright Top-Floor Gem with Hudson River Views. Welcome to this bright, beautifully designed top-floor apartment in a well-maintained building that only requires 10% down! Enjoy serene Hudson River views that bring a sense of calm into your home. The apartment features gorgeous hardwood floors throughout, a renovated windowed kitchen, and a windowed bathroom, offering both style and functionality. With ample closet space, a separate dining area perfect for entertaining, and natural light flooding every room, this home checks all the boxes. Residents also enjoy access to a peaceful garden area in the back-ideal for casual gatherings or summer grilling. Conveniently located with the local and express buses right outside, and just a short distance to the Metro-North Railroad and the 1 train. Everyday essentials are easily found at the nearby Knolls Crescent Shopping Center. Don't miss this perfect combination of comfort, convenience, and community! pets allowed.

10. 2026-04-09
    listed $224,000 Active 971-char remark

    Show marketing remark (971 chars)

    Bright Top-Floor Gem with Hudson River Views. Welcome to this bright, beautifully designed top-floor apartment in a well-maintained building that only requires 10% down! Enjoy serene Hudson River views that bring a sense of calm into your home. The apartment features gorgeous hardwood floors throughout, a renovated windowed kitchen, and a windowed bathroom, offering both style and functionality. With ample closet space, a separate dining area perfect for entertaining, and natural light flooding every room, this home checks all the boxes. Residents also enjoy access to a peaceful garden area in the back-ideal for casual gatherings or summer grilling. Conveniently located with the local and express buses right outside, and just a short distance to the Metro-North Railroad and the 1 train. Everyday essentials are easily found at the nearby Knolls Crescent Shopping Center. Don't miss this perfect combination of comfort, convenience, and community! pets allowed.

11. 2026-03-02
    historical
12. 2025-11-07
    status Active
13. 2025-09-09
    status Pending
14. 2025-07-08
    price $224,000
15. 2025-07-08
    price $224,000
16. 2025-04-25
    listed $234,000 Active
17. 2022-11-19
    price $30,900
18. 2016-09-13
    price $170,000
19. 2016-09-13
    soldstatus $170,000 Sold
20. 2016-09-13
    soldstatus
21. 2016-09-13
    price $170,000
22. 2016-09-13
    soldstatus Sold
23. 2016-09-13
    soldstatus $170,000
24. 2016-09-13
    soldstatus
25. 2016-09-13
    soldstatus $170,000
26. 2016-09-13
    soldstatus $170,000 Closed
27. 2016-08-05
    historical Pending
28. 2016-08-05
    price $177,500
29. 2016-04-06
    listed $177,500 New
30. 2016-04-06
    listed $177,500 Active
31. 2016-04-06
    listed $170,000
32. 2016-04-06
    listed $177,500
33. 2016-04-06
    listed $170,000
34. 2016-04-06
    listed $177,500
35. 2016-04-06
    listed $170,000
36. 2016-04-01
    historical Expired
37. 2016-03-31
    historical
38. 2016-03-31
    historical
39. 2016-03-29
    price
40. 2015-08-24
    historical
41. 2015-08-07
    listed Active
42. 2015-08-07
    listed $177,500
43. 2015-08-07
    listed $177,500
44. 2015-07-16
    historical Temporarily off Market
45. 2015-02-24
    listed Active
46. 2015-02-24
    listed $169,900
47. 2014-11-07
    historical Expired
48. 2014-11-06
    historical
49. 2014-05-07
    listed Active
50. 2014-05-07
    listed $169,900

ⓘ 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 6/10 Major 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: −$12,547
• − Property taxes: −$3,360
• − Insurance: −$1,120
• − Repairs & maintenance: −$2,446
• − Management: −$2,446
• − HOA: −$12,936
• − Depreciation: −$6,516
• Taxable loss: −$10,802
• Est. tax savings @ 24.0%: +$2,592
• After-tax cash flow: $-4,770/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

+18.5% since first listed

49 events — show timeline

• 2026-04-09 Listed $224,000 OneKey® MLS as Distributed by MLS Grid
• 2026-04-09 Listed $224,000 RLS at REBNY
• 2026-03-02 Listing Removed — OneKey® MLS as Distributed by MLS Grid
• 2025-11-07 Relisted — OneKey® MLS as Distributed by MLS Grid
• 2025-09-09 Pending — OneKey® MLS as Distributed by MLS Grid
• 2025-07-08 Price Changed $224,000 RLS at REBNY
• 2025-07-08 Price Changed $224,000 OneKey® MLS as Distributed by MLS Grid
• 2025-04-25 Listed $234,000 OneKey® MLS as Distributed by MLS Grid
• 2022-11-19 Price Changed $30,900 RLS at REBNY
• 2016-09-13 Sold (MLS) $170,000 HGMLS
• 2016-09-13 Price Changed $170,000 HGMLS
• 2016-09-13 Sold (MLS) $170,000 OneKey® MLS as Distributed by MLS Grid
• 2016-09-13 Sold (MLS) — RLS at REBNY
• 2016-09-13 Sold (MLS) $170,000 OneKey® MLS as Distributed by MLS Grid
• 2016-09-13 Sold (MLS) — RLS at REBNY
• 2016-09-13 Price Changed $170,000 RLS at REBNY
• 2016-09-13 Sold (MLS) — RLS at REBNY
• 2016-09-13 Sold (MLS) $170,000 MLSLI
• 2016-08-05 Contingent — HGMLS
• 2016-08-05 Price Changed $177,500 HGMLS
• 2016-04-06 Listed $177,500 MLSLI
• 2016-04-06 Listed $177,500 HGMLS
• 2016-04-06 Listed $170,000 RLS at REBNY
• 2016-04-06 Listed $177,500 OneKey® MLS as Distributed by MLS Grid
• 2016-04-06 Listed $170,000 RLS at REBNY
• 2016-04-06 Listed $177,500 OneKey® MLS as Distributed by MLS Grid
• 2016-04-06 Listed $170,000 RLS at REBNY
• 2016-04-01 Delisted — HGMLS
• 2016-03-31 Listing Removed — OneKey® MLS as Distributed by MLS Grid
• 2016-03-31 Listing Removed — OneKey® MLS as Distributed by MLS Grid
• 2016-03-29 Price Changed — HGMLS
• 2015-08-24 Listing Removed — OneKey® MLS as Distributed by MLS Grid
• 2015-08-07 Listed — HGMLS
• 2015-08-07 Listed $177,500 OneKey® MLS as Distributed by MLS Grid
• 2015-08-07 Listed $177,500 OneKey® MLS as Distributed by MLS Grid
• 2015-07-16 Delisted — HGMLS
• 2015-02-24 Listed — HGMLS
• 2015-02-24 Listed $169,900 OneKey® MLS as Distributed by MLS Grid
• 2014-11-07 Delisted — HGMLS
• 2014-11-06 Listing Removed — OneKey® MLS as Distributed by MLS Grid
• 2014-05-07 Listed — HGMLS
• 2014-05-07 Listed $165,000 OneKey® MLS as Distributed by MLS Grid
• 2014-05-07 Listed $169,900 RLS at REBNY
• 2012-09-04 Listing Removed — OneKey® MLS as Distributed by MLS Grid
• 2012-09-04 Delisted — HGMLS
• 2012-05-24 Listed $189,000 OneKey® MLS as Distributed by MLS Grid
• 2012-05-24 Listed — HGMLS
• 2011-06-15 Delisted — HGMLS
• 2011-05-06 Listed — HGMLS