565 Castleton Ave Unit 2B · New York, NY 10301

$189,000

1 bd · 1.0 ba · 675 sqft · Condo · 42 Days on market

Built 1950

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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).

• Cash flow +11.8/30.0
• 1% rule +7.6/10.0
• ARV discount +7.5/15.0
• Schools +5.0/10.0
• Rent growth +4.0/5.0
• Livability +3.8/5.0
• DSCR +3.5/10.0
• Condition / age +2.5/5.0
• Appreciation +0.0/10.0

Listing remarks MLS

Commuters Dream! Enter into this beautiful top floor (2nd floor), one bedroom apartment located in convenient Castleton Corners area of Staten Island. This apartment boasts an open kitchen and living room area, a custom installed granite kitchen bar, tiled bath with tub, and a master bedroom. The master bedroom accommodates a king-sized bed with double sliding-door closets. Newly painted, with stainless steel appliances, brand new laminate floors throughout, ample lighting, and high ceilings, beats renting! The apartment is approximately 675 SF of living space. The monthly HOA is $745/month - includes heat, and water. In addition, a shared laundry room is located in the back of the building with available storage rooms and live in superintendent. Castleton Gardens offers an excellent location, leaving you minutes from the Verrazano Bridge, Staten Island Ferry, Empire Outlets and Express Buses. Easy access to the Staten Island expressway and near Richmond University Medical Center.

Key facts

• Tiled bath
• Top floor
• Open kitchen

Tags

• TOP FLOOR
• OPEN KITCHEN
• TILED BATH
• DOUBLE SLIDING-DOOR CLOSETS
• STAINLESS STEEL APPLIANCES
• BRAND NEW LAMINATE FLOORS

Property features AI

Finance

• Other: Parcel number 00101-0537
• HOA & community: Part of Castleton Gardens association; Association fees billed monthly; Association fees include taxes and gas

Exterior

• Parking: No attached garage
• Utilities: 220 volt electric
• Home design: 2 stories; Approximate year built
• Construction: Brick construction
• Exterior features: Brick construction; Zoned R3-2

Interior

• Bathrooms: 1 full bathroom
• Heating & cooling: Natural gas heating; Steam heating; Window air conditioning units
• Interior features: Window air conditioning units; Natural gas heating; Steam heating

What this means for you Summary

Snapshot

• This is a 1-bed/1.0-bath condo listed at $189k.

Deal economics

• At list price, monthly cash flow is $-53 ($-634/yr) — negative.
• The deal already cash-flows at list — no discount required.
• Meets the 1% rule at list price ($2k rent vs $189k).
• Recommended offer: $183k (3.0% below list) — sets the bar for market timing.
• Cap rate 6.0% 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: Rents rising fast (+6.1%/yr); 263 active listings in the ZIP; solid renter incomes; 480 units permitted in Richmond County in 2024 (22 in 5+ unit buildings).
• This rent runs 33% of the median local income ($86k/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 $1k of loan paydown is wiped out by about $6k of value loss. Plan a longer hold.
• Richmond County population projected to shrink 5% by 2050 — rents likely to lag national; underwrite the cash flow, not the appreciation.

Negotiation context

• It's been on market 42 days — a 3% lower offer ($183k) is reasonable based on typical stale-listing flexibility.
• 7 sale attempts since 25y 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 26% of rent; built in 1950 — expect roof / HVAC / electrical / plumbing capex.
• Climate carrying-cost: major wind risk, 54% 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 $183,330 (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 42 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 1950 — 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 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?
8. 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?
9. 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?
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: 1.26% ✓
• Cap rate: 5.96%
• Cash-on-cash: -1.20%
• DSCR: 0.95
• GRM: 6.6

CMA / ARV

No comps found within radius.

Projected returns pro-forma

-3.0% appreciation · 6.07% rent growth · sell at horizon

5-year hold

• IRR: -13.1%
• Equity multiple: 0.51×
• Total profit: $-25,967
• Equity at exit: $28,181

10-year hold

• IRR: 1.8%
• Equity multiple: 1.15×
• Total profit: $7,991
• Equity at exit: $16,341

Cash invested: $52,920 (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 10301

• Rents YoY: 6.1%
• Active inventory: 263
• Price-to-rent: 6.6×

Monthly cashflow live

• Estimated rent: $2,386 medium
• Mortgage (P&I): −$991
• Tax est. 1.5%: −$236 /mo · $2,835/yr
• Insurance: −$79
• HOA est. from 2 same-building comps: −$632
• Vacancy / Maint / Mgmt: −$501
• Net cashflow: $-53

Break-even live

Break-even rent $2,453

Max offer price $181,358

Occupancy floor 97%

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: $47,250
• Closing costs: $5,670
• Reserves months: —
• Total cash needed: —

HOA detail condo

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

Listing history 18 events

1. 2026-05-20
   status Pending 995-char remark

   Show marketing remark (995 chars)

   Commuters Dream! Enter into this beautiful top floor (2nd floor), one bedroom apartment located in convenient Castleton Corners area of Staten Island. This apartment boasts an open kitchen and living room area, a custom installed granite kitchen bar, tiled bath with tub, and a master bedroom. The master bedroom accommodates a king-sized bed with double sliding-door closets. Newly painted, with stainless steel appliances, brand new laminate floors throughout, ample lighting, and high ceilings, beats renting! The apartment is approximately 675 SF of living space. The monthly HOA is $745/month - includes heat, and water. In addition, a shared laundry room is located in the back of the building with available storage rooms and live in superintendent. Castleton Gardens offers an excellent location, leaving you minutes from the Verrazano Bridge, Staten Island Ferry, Empire Outlets and Express Buses. Easy access to the Staten Island expressway and near Richmond University Medical Center.

2. 2026-04-29
   listed $189,000 Active
3. 2026-04-08
   listed $189,000 Active 995-char remark

   Show marketing remark (995 chars)

   Commuters Dream! Enter into this beautiful top floor (2nd floor), one bedroom apartment located in convenient Castleton Corners area of Staten Island. This apartment boasts an open kitchen and living room area, a custom installed granite kitchen bar, tiled bath with tub, and a master bedroom. The master bedroom accommodates a king-sized bed with double sliding-door closets. Newly painted, with stainless steel appliances, brand new laminate floors throughout, ample lighting, and high ceilings, beats renting! The apartment is approximately 675 SF of living space. The monthly HOA is $745/month - includes heat, and water. In addition, a shared laundry room is located in the back of the building with available storage rooms and live in superintendent. Castleton Gardens offers an excellent location, leaving you minutes from the Verrazano Bridge, Staten Island Ferry, Empire Outlets and Express Buses. Easy access to the Staten Island expressway and near Richmond University Medical Center.

4. 2023-06-29
   historical 990-char remark

   Show marketing remark (990 chars)

   Commuters Dream! Step into this beautiful top floor (2nd floor), one bedroom apartment located in convenient Castleton Corners area of Staten island. This apartment boasts an open kitchen and living room area, a custom installed granite kitchen bar, tiled bath with tub, and a master bedroom. The master bedroom accommodates a king sized bed with double sliding-door closets. Newly painted, with stainless steel appliances, laminate floors throughout, ample lighting, and high ceilings, beats renting! The apartment is approximately 675 SF of living space. The monthly HOA is $615/month - includes heat, and water. In addition a shared laundry room is located in the back of the building with available storage rooms and live in superintendent. Castleton Gardens offers an excellent location, leaving you minutes from the Verazanno Bridge, Staten Island Ferry, Empire Outlets and Express Buses. Easy access to the Staten Island expressway and near Richmond University Medical Center.

5. 2023-06-29
   soldstatus $169,000 Sold 990-char remark

   Show marketing remark (990 chars)

   Commuters Dream! Step into this beautiful top floor (2nd floor), one bedroom apartment located in convenient Castleton Corners area of Staten island. This apartment boasts an open kitchen and living room area, a custom installed granite kitchen bar, tiled bath with tub, and a master bedroom. The master bedroom accommodates a king sized bed with double sliding-door closets. Newly painted, with stainless steel appliances, laminate floors throughout, ample lighting, and high ceilings, beats renting! The apartment is approximately 675 SF of living space. The monthly HOA is $615/month - includes heat, and water. In addition a shared laundry room is located in the back of the building with available storage rooms and live in superintendent. Castleton Gardens offers an excellent location, leaving you minutes from the Verazanno Bridge, Staten Island Ferry, Empire Outlets and Express Buses. Easy access to the Staten Island expressway and near Richmond University Medical Center.

6. 2023-04-14
   status Pending 990-char remark

   Show marketing remark (990 chars)

   Commuters Dream! Step into this beautiful top floor (2nd floor), one bedroom apartment located in convenient Castleton Corners area of Staten island. This apartment boasts an open kitchen and living room area, a custom installed granite kitchen bar, tiled bath with tub, and a master bedroom. The master bedroom accommodates a king sized bed with double sliding-door closets. Newly painted, with stainless steel appliances, laminate floors throughout, ample lighting, and high ceilings, beats renting! The apartment is approximately 675 SF of living space. The monthly HOA is $615/month - includes heat, and water. In addition a shared laundry room is located in the back of the building with available storage rooms and live in superintendent. Castleton Gardens offers an excellent location, leaving you minutes from the Verazanno Bridge, Staten Island Ferry, Empire Outlets and Express Buses. Easy access to the Staten Island expressway and near Richmond University Medical Center.

7. 2023-03-18
   status Active 990-char remark

   Show marketing remark (990 chars)

   Commuters Dream! Step into this beautiful top floor (2nd floor), one bedroom apartment located in convenient Castleton Corners area of Staten island. This apartment boasts an open kitchen and living room area, a custom installed granite kitchen bar, tiled bath with tub, and a master bedroom. The master bedroom accommodates a king sized bed with double sliding-door closets. Newly painted, with stainless steel appliances, laminate floors throughout, ample lighting, and high ceilings, beats renting! The apartment is approximately 675 SF of living space. The monthly HOA is $615/month - includes heat, and water. In addition a shared laundry room is located in the back of the building with available storage rooms and live in superintendent. Castleton Gardens offers an excellent location, leaving you minutes from the Verazanno Bridge, Staten Island Ferry, Empire Outlets and Express Buses. Easy access to the Staten Island expressway and near Richmond University Medical Center.

8. 2023-01-25
   status Pending 990-char remark

   Show marketing remark (990 chars)

   Commuters Dream! Step into this beautiful top floor (2nd floor), one bedroom apartment located in convenient Castleton Corners area of Staten island. This apartment boasts an open kitchen and living room area, a custom installed granite kitchen bar, tiled bath with tub, and a master bedroom. The master bedroom accommodates a king sized bed with double sliding-door closets. Newly painted, with stainless steel appliances, laminate floors throughout, ample lighting, and high ceilings, beats renting! The apartment is approximately 675 SF of living space. The monthly HOA is $615/month - includes heat, and water. In addition a shared laundry room is located in the back of the building with available storage rooms and live in superintendent. Castleton Gardens offers an excellent location, leaving you minutes from the Verazanno Bridge, Staten Island Ferry, Empire Outlets and Express Buses. Easy access to the Staten Island expressway and near Richmond University Medical Center.

9. 2022-10-14
   price $169,000 990-char remark

   Show marketing remark (990 chars)

   Commuters Dream! Step into this beautiful top floor (2nd floor), one bedroom apartment located in convenient Castleton Corners area of Staten island. This apartment boasts an open kitchen and living room area, a custom installed granite kitchen bar, tiled bath with tub, and a master bedroom. The master bedroom accommodates a king sized bed with double sliding-door closets. Newly painted, with stainless steel appliances, laminate floors throughout, ample lighting, and high ceilings, beats renting! The apartment is approximately 675 SF of living space. The monthly HOA is $615/month - includes heat, and water. In addition a shared laundry room is located in the back of the building with available storage rooms and live in superintendent. Castleton Gardens offers an excellent location, leaving you minutes from the Verazanno Bridge, Staten Island Ferry, Empire Outlets and Express Buses. Easy access to the Staten Island expressway and near Richmond University Medical Center.

10. 2022-09-24
    listed $185,000 Active 990-char remark

    Show marketing remark (990 chars)

    Commuters Dream! Step into this beautiful top floor (2nd floor), one bedroom apartment located in convenient Castleton Corners area of Staten island. This apartment boasts an open kitchen and living room area, a custom installed granite kitchen bar, tiled bath with tub, and a master bedroom. The master bedroom accommodates a king sized bed with double sliding-door closets. Newly painted, with stainless steel appliances, laminate floors throughout, ample lighting, and high ceilings, beats renting! The apartment is approximately 675 SF of living space. The monthly HOA is $615/month - includes heat, and water. In addition a shared laundry room is located in the back of the building with available storage rooms and live in superintendent. Castleton Gardens offers an excellent location, leaving you minutes from the Verazanno Bridge, Staten Island Ferry, Empire Outlets and Express Buses. Easy access to the Staten Island expressway and near Richmond University Medical Center.

11. 2016-02-17
    historical
12. 2015-11-24
    soldstatus $129,000 Closed
13. 2015-09-28
    status Pending
14. 2015-08-13
    historical
15. 2015-08-06
    listed $129,500 Active
16. 2014-12-01
    historical
17. 2013-11-06
    listed $80,000
18. 2001-04-12
    listed $49,900

ⓘ 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 2/10 Low
• 🌡 Heat 7/10 Severe 7 d/yr ≥97°F today · 15 d/yr by 30 yrs out
• 💨 Wind 6/10 Major 54% chance of damaging wind over 30 yrs
• 🫁 Air quality 4/10 Moderate 5 unhealthy d/yr today · 7 by 30 yrs out

Taxation est. · year 1

• Rental income: $28,638
• − Mortgage interest: −$10,587
• − Property taxes: −$2,835
• − Insurance: −$945
• − Repairs & maintenance: −$2,291
• − Management: −$2,291
• − HOA: −$7,584
• − Depreciation: −$5,498
• Taxable loss: −$3,393
• Est. tax savings @ 24.0%: +$814
• After-tax cash flow: $181/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: Richmond County · 404,174 people
• City population: 7,731,280
• Metro: New York-Newark-Jersey City, NY-NJ-PA
• Population (ZIP): 41,052
• Household income: $85,609
• Rent vs Own: 54.2% rent · 45.8% own
• Severe rent burden: 2008.0

Population outlook (Richmond County) Hauer SSP2

• Today (2025): 482,784 people
• By 2030: 481,831 · -0.2%
• By 2040: 473,159 · -2.0%
• By 2050: 457,242 · -5.3%
• By 2075: 408,029 · -15.5%
• By 2100: 341,459 · -29.3%

Race, ethnicity, and origin ACS 2023

• Neighborhood character: Highly diverse neighborhood (Simpson 0.72)
• Race & ethnicity: White 37% Hispanic / Latino 29% Black 23% Two or more races 16% Asian 7%
• Hispanic origin (detail): Mexican 5% Puerto Rican 10% Cuban 2% Dominican 6%
• Common ancestry: Romanian 3% Scotch-Irish 2% Italian 1%
• Foreign-born: 22% · Canada, China, Jamaica
• Languages at home: 68% English-only · Spanish 16% Other Indo-European 5% Russian/Polish/Slavic 3%

Political lean MEDSL · Richmond

• 2024 margin: Strong R (+29.8) · D 35.1% · R 64.9%
• 2008→2024 swing: -25.7pp toward R · 2008: -4.0pp · 2024: -29.8pp
• All cycles: 2024: R+29.8 2020: R+14.9 2016: R+16.8 2012: D+0.8 2008: R+4.0

Not yet ingested

• Civics: —

Market trends

• HPI YoY: ▼ -407.37%
• Current HPI: 319.0616
• Rent YoY: ▲ 6.07%
• 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

+278.8% since first listed

18 events — show timeline

• 2026-05-20 Pending — BNYMLS
• 2026-04-29 Listed $189,000 SIBORMLS
• 2026-04-08 Listed $189,000 BNYMLS
• 2023-06-29 Delisted — BNYMLS
• 2023-06-29 Sold (MLS) $169,000 BNYMLS
• 2023-04-14 Pending — BNYMLS
• 2023-03-18 Relisted — BNYMLS
• 2023-01-25 Pending — BNYMLS
• 2022-10-14 Price Changed $169,000 BNYMLS
• 2022-09-24 Listed $185,000 BNYMLS
• 2016-02-17 Listing Removed — SIBORMLS
• 2015-11-24 Sold (MLS) $129,000 SIBORMLS
• 2015-09-28 Pending — SIBORMLS
• 2015-08-13 Listing Removed — SIBORMLS
• 2015-08-06 Listed $129,500 SIBORMLS
• 2014-12-01 Listing Removed — SIBORMLS
• 2013-11-06 Listed $80,000 SIBORMLS
• 2001-04-12 Listed $49,900 SIBORMLS