2711 Avenue X Unit 2G · New York, NY 11235

$265,000

1 bd · 1.0 ba · 775 sqft · Condo · 94 Days on market

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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 +26.3/30.0
• DSCR +8.9/10.0
• ARV discount +7.5/15.0
• 1% rule +7.0/10.0
• Schools +5.0/10.0
• Rent growth +3.8/5.0
• Livability +3.8/5.0
• Condition / age +2.5/5.0
• Appreciation +0.0/10.0

Listing remarks MLS

Completely Renovated 1 Bedroom Coop Large Living Room Flows From Open Dining Area Entryway With Two Closets New Kitchen With New Appliances Including Dishwasher Lots Of Cabinetry & Granite Counters Large Bedroom With Two Closets All New Tiled Bathroom New Floors, Recessed Lighting & Crown Molding Front Facing Unit - Southern Exposures Through Wall AC's Units Included 100% Coop - No Subletting Updated Lobby & Common Areas Live-In Super - Elevator Building Indoor Parking -Wait Listed Common Laundry Room Common Outdoor Courtyard All Utilities Included & Fios Available Cats Only

Key facts

• Private balcony
• Fully tiled bathroom
• Granite countertops

Tags

• PRIVATE BALCONY
• CUSTOM KITCHEN CABINETS
• GRANITE COUNTERTOPS
• FULLY TILED BATHROOM
• HARDWOOD FLOORS
• SPACIOUS LIVING DINING COMBO

Property features AI

Finance

• Other: Pets are not allowed; Handicap access available; Co-op shares: 335
• Financial info: Financing options: Bank mortgage, cash, exchange considered; Flip tax applies ($10,050)
• HOA & community: Monthly maintenance/commons fee of $878; Building managed by R.E.M. Residential; On-site management phone available

Exterior

• Parking: One parking space (wait-list)
• Security: Secure lobby; Intercom door
• Utilities: Electric service; Gas service; Water service; Sewer; Septic; All utilities available
• Home design: Residential building; Second-floor unit (floor 2)
• Construction: Part of a multi-unit building (335 units)
• Exterior features: Secure lobby; Intercom door; Storage rooms

Interior

• Kitchen: Microwave; Refrigerator; Stove
• Bedrooms: One bedroom on the first floor
• Bathrooms: One full bathroom on the first floor
• Heating & cooling: Two wall A/C units; Heat (building utilities indicate heating available)
• Interior features: Wall A/C units (2); Elevator access; Microwave; Refrigerator; Stove
• Laundry & utility: Card-operated laundry in building

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 $616 ($7k/yr) — positive.
• The deal already cash-flows at list — no discount required.
• Meets the 1% rule at list price ($3k rent vs $265k).
• Recommended offer: $241k (9.0% below list) — sets the bar for market timing.
• Cap rate 9.4% 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.
• Zoned schools: Ps 206 Joseph F Lamb (math 47% / reading 62%, grade C, #908 of 2,108 statewide, top 46%, 1,512 students, 70% 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 (+5.0%/yr); 524 active listings in the ZIP; 3 comparable units currently listed for rent nearby; rentals at typical pace (median 27d on market — plan ~3-4 weeks tenant-placement turnaround); 10,063 units permitted in Kings County in 2024 (9,789 in 5+ unit buildings).
• At $3,182/mo this rent would consume 64% of the median local household income ($60k/yr) (locally 7823% 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 $2k of loan paydown is wiped out by about $8k of value loss. Plan a longer hold.
• Kings County population projected at +13% by 2050 — modest demand growth; plan on rents tracking national, not racing it.
• At projected returns (-3.0% appreciation + 5.0% rent growth), your $74k cash investment doubles in ~9 years — after that, you're playing with house money.

Negotiation context

• It's been on market 94 days — a 9% lower offer ($241k) is reasonable based on typical stale-listing flexibility.
• 3 sale attempts since 12y ago; this cycle's ask has dropped $15k (5%) from the opening price — seller is motivated, your offer sets the floor, not the list.
• Current owner paid $175k; list at $265k implies a 51% gain — meaningful room to come down on a strong offer.

Risks & watch-outs

• Watch-outs: flood insurance adds $66/mo.
• Climate carrying-cost: major flood risk; major wind risk, 72% 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 $241,150 (9.0% below list)

Questions for the listing agent

1. It's been on market 94 days. Have you received any prior offers? Is the seller open to a 9% concession, seller financing, or rate buy-down credit?
2. What's the actual annual flood-insurance premium (NFIP or private), and is the property in a SFHA with mandatory coverage?
3. 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?
4. Why hasn't it sold? Are there any deal-killer items the seller is aware of (foundation, flood, title, zoning, code violations)?
5. Is there a deadline driving the sale (1031 exchange, divorce, estate, relocation)? That informs how much negotiation room exists.
6. 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?
7. 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?
8. 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.
9. 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.
10. 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: 1.20% ✓
• Cap rate: 9.38%
• Cash-on-cash: 11.04%
• DSCR: 1.49
• GRM: 6.9

CMA / ARV

No comps found within radius.

Projected returns pro-forma

-3.0% appreciation · 5.04% rent growth · sell at horizon

5-year hold

• IRR: 1.0%
• Equity multiple: 1.04×
• Total profit: $3,040
• Equity at exit: $39,512

10-year hold

• IRR: 12.7%
• Equity multiple: 2.11×
• Total profit: $82,032
• Equity at exit: $22,912

Cash invested: $74,200 (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 11235

• Rents YoY: 5.0%
• Active inventory: 524
• Price-to-rent: 6.9×

Monthly cashflow live

• Estimated rent: $3,182 medium
• Mortgage (P&I): −$1,390
• Tax est. 1.5%: −$331 /mo · $3,975/yr
• Insurance: −$110
• Flood insurance flood zone: −$66 /mo · $798/yr
• HOA: −$0
• Vacancy / Maint / Mgmt: −$668
• Net cashflow: $616

Break-even live

Break-even rent $2,402

Max offer price $265,000

Occupancy floor 76%

Sensitivity live

Price	-10% $799	-5% $707	+0% $616	+5% $524	+10% $433
Rent	-10% $365	-5% $490	+0% $616	+5% $742	+10% $867
Rate	-1.0pp $749	-0.5pp $683	base $616	+0.5pp $547	+1.0pp $477

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 3 comps

Address	Beds	Baths	Sqft	Rent	$/sqft	DOM	Units	Dist
3000 Emmons Ave Unit 1 Brooklyn, NY	—	1.0	536	$3,273	$6.11	26d	1	0.77mi
3000 Emmons Ave Unit 5 Brooklyn, NY	2.0	2.0	840	$4,085	$4.86	26d	1	0.77mi
3112 Emmons Ave Unit 203 Brooklyn, NY	1.0	1.0	734	$3,200	$4.36	26d	1	0.82mi

HOA detail condo

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

Listing history 7 events

1. 2026-05-01
   status Pending
2. 2026-03-12
   price $265,000
3. 2026-01-26
   listed $279,998 Active
4. 2015-03-19
   soldstatus $175,000 605-char remark

   Show marketing remark (605 chars)

   Completely Renovated 1 Bedroom Coop Large Living Room Flows From Open Dining Area Entryway With Two Closets New Kitchen With New Appliances Including Dishwasher Lots Of Cabinetry & Granite Counters Large Bedroom With Two Closets All New Tiled Bathroom New Floors, Recessed Lighting & Crown Molding Front Facing Unit - Southern Exposures Through Wall AC's Units Included 100% Coop - No Subletting Updated Lobby & Common Areas Live-In Super - Elevator Building Indoor Parking -Wait Listed Common Laundry Room Common Outdoor Courtyard All Utilities Included & Fios Available Cats Only

5. 2015-01-20
   price $185,000 605-char remark

   Show marketing remark (605 chars)

   Completely Renovated 1 Bedroom Coop Large Living Room Flows From Open Dining Area Entryway With Two Closets New Kitchen With New Appliances Including Dishwasher Lots Of Cabinetry & Granite Counters Large Bedroom With Two Closets All New Tiled Bathroom New Floors, Recessed Lighting & Crown Molding Front Facing Unit - Southern Exposures Through Wall AC's Units Included 100% Coop - No Subletting Updated Lobby & Common Areas Live-In Super - Elevator Building Indoor Parking -Wait Listed Common Laundry Room Common Outdoor Courtyard All Utilities Included & Fios Available Cats Only

6. 2014-11-20
   listed $175,000 605-char remark

   Show marketing remark (374 chars)

   Completely Renovated 1BR CoopLarge LREntryway W/ 2 ClosetsNew KitchenLarge BR W/ 2 ClosetsAll New Tiled BathroomNew Floors, Recessed Lighting & Crown MoldingFront Facing Unit - Southern ExposuresThrough Wall ACs Units Inc.100 Coop - No Subletting$30 per share flip taxUpdated Lobby & Common AreasLive-In Super - Elevator BuildingLaundry Room & CourtyardCats Only

7. 2014-11-20
   listed $185,000 374-char remark

   Show marketing remark (374 chars)

   Completely Renovated 1BR CoopLarge LREntryway W/ 2 ClosetsNew KitchenLarge BR W/ 2 ClosetsAll New Tiled BathroomNew Floors, Recessed Lighting & Crown MoldingFront Facing Unit - Southern ExposuresThrough Wall ACs Units Inc.100 Coop - No Subletting$30 per share flip taxUpdated Lobby & Common AreasLive-In Super - Elevator BuildingLaundry Room & CourtyardCats Only

ⓘ 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 7/10 Severe FEMA zone X (unshaded) · 76% chance over 30 yrs
• 🔥 Wildfire 1/10 Low
• 🌡 Heat 6/10 Major 7 d/yr ≥97°F today · 15 d/yr by 30 yrs out
• 💨 Wind 6/10 Major 72% chance of damaging wind over 30 yrs
• 🫁 Air quality 5/10 Major 6 unhealthy d/yr today · 8 by 30 yrs out

Taxation est. · year 1

• Rental income: $38,183
• − Mortgage interest: −$14,844
• − Property taxes: −$3,975
• − Insurance: −$2,122
• − Repairs & maintenance: −$3,055
• − Management: −$3,055
• − Depreciation: −$7,709
• Taxable income: $3,423
• Est. tax owed @ 24.0%: −$822
• After-tax cash flow: $6,570/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: Kings County · 2,614,986 people
• City population: 7,731,280
• Metro: New York-Newark-Jersey City, NY-NJ-PA
• Population (ZIP): 78,558
• Household income: $59,661
• Rent vs Own: 65.2% rent · 34.8% own
• Severe rent burden: 7823.0

Population outlook (Kings County) Hauer SSP2

• Today (2025): 2,847,441 people
• By 2030: 2,937,006 · +3.1%
• By 2040: 3,095,491 · +8.7%
• By 2050: 3,228,968 · +13.4%
• By 2075: 3,321,723 · +16.7%
• By 2100: 3,111,387 · +9.3%

Race, ethnicity, and origin ACS 2023

• Neighborhood character: Predominantly White (67%)
• Race & ethnicity: White 67% Asian 15% Two or more races 9% Hispanic / Latino 9% Black 3%
• Hispanic origin (detail): Mexican 3% Puerto Rican 3%
• Common ancestry: Scotch-Irish 15% Subsaharan African 12% Romanian 2%
• Foreign-born: 63% · China, Canada, Vietnam
• Languages at home: 24% English-only · Russian/Polish/Slavic 48% Chinese 7% Spanish 7%

Political lean MEDSL · Kings

• 2024 margin: Solid D (+44.0) · D 72.0% · R 28.0%
• 2008→2024 swing: -15.5pp toward R · 2008: 59.4pp · 2024: 44.0pp
• All cycles: 2024: D+44.0 2020: D+54.8 2016: D+61.8 2012: D+63.9 2008: D+59.4

Not yet ingested

• Civics: —

Market trends

• HPI YoY: ▼ -181.73%
• Current HPI: 303.6714
• Rent YoY: ▲ 5.04%
• 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

+51.4% since first listed

7 events — show timeline

• 2026-05-01 Pending — BNYMLS
• 2026-03-12 Price Changed $265,000 BNYMLS
• 2026-01-26 Listed $279,998 BNYMLS
• 2015-03-19 Sold (MLS) $175,000 RLS at REBNY
• 2015-01-20 Price Changed $185,000 RLS at REBNY
• 2014-11-20 Listed $185,000 BNYMLS
• 2014-11-20 Listed $175,000 RLS at REBNY