47 N Central Ave Unit 3K · Hartsdale, NY 10530

$285,000

2 bd · 1.0 ba · 1,148 sqft · Condo · 104 Days on market

Built 1927 $248/sqft · at area comps Est $286k · at est.

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Why this score? — see what drove the B 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 +30.0/30.0
• DSCR +10.0/10.0
• 1% rule +8.9/10.0
• ARV discount +7.7/15.0
• Schools +4.9/10.0
• Livability +4.0/5.0
• Rent growth +2.5/5.0
• Condition / age +2.5/5.0
• Appreciation +0.0/10.0

Listing remarks MLS

Great Co-op opportunity to own this beautifully maintained Move in Ready Two Bedroom and One Bath co-op at the nicely manicure grounds of Hartsdale Garden. One Parking space available at $50 monthly. Very close Train Station and shops.

Key facts

• Close train station
• Co-op opportunity
• Parking

Tags

• CO-OP OPPORTUNITY
• BEAUTIFULLY MAINTAINED
• NICELY MANICURED GROUNDS
• CLOSE TRAIN STATION

What this means for you Summary

Snapshot

• This is a 2-bed/1.0-bath condo listed at $285k.

Deal economics

• At list price, monthly cash flow is $1k ($13k/yr) — positive.
• The deal already cash-flows at list — no discount required.
• Meets the 1% rule at list price ($4k rent vs $285k).
• Recommended offer: $259k (9.0% below list) — sets the bar for market timing.
• Cap rate 11.2% vs local median 5.8% in Hartsdale — 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 81/100 on livability (#94 in NY, #1,430 nationally) — a professional / high-income tenant draw. Strengths: crime A+, employment A+, housing A+; Watch: amenities F, cost of living F.
• Greenburgh Central School District (suburban): math 51% / reading 55% proficiency, ranked #267 of 590 in NY (top 45%) — acceptable for families but not a draw, mixed tenant base, ~2y average lease.
• Market conditions: 156 active listings in the ZIP; 15 comparable units currently listed for rent nearby; rentals leasing fast (median 13d on market — plan ~1-2 weeks tenant-placement turnaround); 954 units permitted in Westchester County in 2024 (649 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 $9k of value loss. Plan a longer hold.
• Westchester County population projected at +10% by 2050 — modest demand growth; plan on rents tracking national, not racing it.
• At projected returns (-3.0% appreciation + 3.0% rent growth), your $80k cash investment doubles in ~8 years — after that, you're playing with house money.

Negotiation context

• It's been on market 104 days — a 9% lower offer ($259k) is reasonable based on typical stale-listing flexibility.
• 4 sale attempts since 14y 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: flood insurance adds $66/mo; built in 1927 — expect roof / HVAC / electrical / plumbing capex.
• Climate carrying-cost: severe flood risk; major wind risk, 27% 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 $259,350 (9.0% below list)

Questions for the listing agent

1. It's been on market 104 days. Have you received any prior offers? Is the seller open to a 9% concession, seller financing, or rate buy-down credit?
2. Built in 1927 — when were the roof, HVAC, electrical panel, plumbing, and water heater last replaced?
3. What's the actual annual flood-insurance premium (NFIP or private), and is the property in a SFHA with mandatory coverage?
4. 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?
5. Why hasn't it sold? Are there any deal-killer items the seller is aware of (foundation, flood, title, zoning, code violations)?
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. 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: 1.39% ✓
• Cap rate: 11.19%
• Cash-on-cash: 17.48%
• DSCR: 1.78
• GRM: 6.0

CMA / ARV

• ARV (median comp): $285,984
• List price: $285,000
• Delta: -0.34%
• Verdict: FAIR
• Comps: 20 within 1.0 mi

Projected returns pro-forma

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

5-year hold

• IRR: 7.6%
• Equity multiple: 1.30×
• Total profit: $23,726
• Equity at exit: $42,494

10-year hold

• IRR: 16.9%
• Equity multiple: 2.39×
• Total profit: $110,958
• Equity at exit: $24,642

Cash invested: $79,800 (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 10530

• Active inventory: 156
• Price-to-rent: 6.0×

Monthly cashflow live

• Estimated rent: $3,965 high
• Mortgage (P&I): −$1,495
• Tax est. 1.5%: −$356 /mo · $4,275/yr
• Insurance: −$119
• Flood insurance flood zone: −$66 /mo · $798/yr
• HOA: −$0
• Vacancy / Maint / Mgmt: −$833
• Net cashflow: $1,096

Break-even live

Break-even rent $2,577

Max offer price $285,000

Occupancy floor 67%

Sensitivity live

Price	-10% $1,293	-5% $1,195	+0% $1,096	+5% $998	+10% $899
Rent	-10% $783	-5% $939	+0% $1,096	+5% $1,253	+10% $1,409
Rate	-1.0pp $1,240	-0.5pp $1,169	base $1,096	+0.5pp $1,022	+1.0pp $947

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: $71,250
• Closing costs: $8,550
• Reserves months: —
• Total cash needed: —

Rent comps 15 comps

Address	Beds	Baths	Sqft	Rent	$/sqft	DOM	Units	Dist
140 E Hartsdale Ave Hartsdale, NY	2.0	1.0	875	$2,895	$3.31	22d	1	0.40mi
250 S Central Ave Apt 4A Hartsdale, NY	2.0	1.0	1289	$4,350	$3.37	17d	1	0.63mi
250 S Central Ave Apt 3I Hartsdale, NY	2.0	1.0	1000	$4,350	$4.35	44d	1	0.63mi
250 Central Park Ave Unit 5I Hartsdale, NY	2.0	1.0	1000	$4,550	$4.55	18d	1	0.65mi
250 S Central Ave Hartsdale, NY	1.0–2.0	1.0–2.0	1084	$5,500	$5.07	0d	1	0.66mi
55 Fieldstone Dr Unit 69 Hartsdale, NY	1.0	1.0	800	$2,100	$2.62	12d	1	0.76mi
330 Central Park Ave Apt F8 Scarsdale, NY	2.0	2.0	1200	$3,700	$3.08	5d	1	0.87mi
400 High Point Dr Unit 206 Hartsdale, NY	1.0	1.0	987	$3,300	$3.34	44d	1	1.04mi
9 Ridgeview Ave White Plains, NY	3.0	1.0	1500	$3,500	$2.33	25d	1	1.07mi
55 McKinley Ave Unit D2-3 White Plains, NY	1.0	1.0	809	$2,400	$2.97	44d	1	1.13mi
500 Central Park Ave Scarsdale, NY	2.0	1.5–2.0	1231	$4,425	$3.59	13d	1	1.27mi
57 Bank St Unit 1040035P White Plains, NY	2.0	1.0–2.0	726	$9,348	$12.88	3d	3	1.38mi
55 Bank St White Plains, NY	2.0	1.0–2.0	813	$5,418	$6.66	0d	23	1.38mi
15 Bank St White Plains, NY	1.0–2.0	1.0–2.0	934	$5,064	$5.42	2d	20	1.45mi
1 Martine Ave White Plains, NY	1.0–2.0	1.0–2.0	827	$4,295	$5.19	2d	12	1.48mi

HOA detail condo

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

Listing history 24 events

1. 2026-06-18
   days on market $285,000 Active 104 DOM
2. 2026-06-17
   days on market $285,000 Active 103 DOM
3. 2026-06-16
   days on market $285,000 Active 102 DOM
4. 2026-06-15
   days on market $285,000 Active 101 DOM
5. 2026-06-13
   days on market $285,000 Active 99 DOM
6. 2026-06-13
   days on market $285,000 Active 98 DOM
7. 2026-06-09
   days on market $285,000 Active 95 DOM
8. 2026-06-08
   days on market $285,000 Active 94 DOM
9. 2026-06-07
   days on market $285,000 Active 93 DOM
10. 2026-06-04
    days on market $285,000 Active 90 DOM
11. 2026-06-03
    days on market $285,000 Active 89 DOM
12. 2026-06-02
    days on market $285,000 Active 88 DOM
13. 2026-06-01
    days on market $285,000 Active 87 DOM
14. 2026-05-31
    days on market $285,000 Active 86 DOM
15. 2026-03-06
    listed $285,000 Active 235-char remark

    Show marketing remark (235 chars)

    Great Co-op opportunity to own this beautifully maintained Move in Ready Two Bedroom and One Bath co-op at the nicely manicure grounds of Hartsdale Garden. One Parking space available at $50 monthly. Very close Train Station and shops.

16. 2019-10-25
    soldstatus $252,500 Sold 823-char remark

    Show marketing remark (823 chars)

    Wonderful updated two bedroom, one bath co-op at Hartsdale Gardens. This newly renovated unit includes refinished dark hardwood floors, recessed lighting throughout, a newly updated eat-in-kitchen with granite counter tops, white subway tile back splash and new stainless steel appliances that include a dishwasher, microwave, range and counter depth refrigerator. The over-sized living room has refinished parquet floors. Both bedrooms are generously proportioned and have great closet space. The unit comes with a guaranteed outdoor parking spot for $45/month. Hartsdale Gardens has an on-site playground, basketball court, BBQ/picnic area and is an easy walk to the Hartsdale village and train station with only 35 minute ride to GCT. Additional Information: HeatingFuel:Oil Above Ground,ParkingFeatures:1 Car Detached,

17. 2019-08-24
    status Pending 823-char remark

    Show marketing remark (823 chars)

    Wonderful updated two bedroom, one bath co-op at Hartsdale Gardens. This newly renovated unit includes refinished dark hardwood floors, recessed lighting throughout, a newly updated eat-in-kitchen with granite counter tops, white subway tile back splash and new stainless steel appliances that include a dishwasher, microwave, range and counter depth refrigerator. The over-sized living room has refinished parquet floors. Both bedrooms are generously proportioned and have great closet space. The unit comes with a guaranteed outdoor parking spot for $45/month. Hartsdale Gardens has an on-site playground, basketball court, BBQ/picnic area and is an easy walk to the Hartsdale village and train station with only 35 minute ride to GCT. Additional Information: HeatingFuel:Oil Above Ground,ParkingFeatures:1 Car Detached,

18. 2019-06-28
    listed $252,500 Active 823-char remark

    Show marketing remark (823 chars)

    Wonderful updated two bedroom, one bath co-op at Hartsdale Gardens. This newly renovated unit includes refinished dark hardwood floors, recessed lighting throughout, a newly updated eat-in-kitchen with granite counter tops, white subway tile back splash and new stainless steel appliances that include a dishwasher, microwave, range and counter depth refrigerator. The over-sized living room has refinished parquet floors. Both bedrooms are generously proportioned and have great closet space. The unit comes with a guaranteed outdoor parking spot for $45/month. Hartsdale Gardens has an on-site playground, basketball court, BBQ/picnic area and is an easy walk to the Hartsdale village and train station with only 35 minute ride to GCT. Additional Information: HeatingFuel:Oil Above Ground,ParkingFeatures:1 Car Detached,

19. 2012-12-26
    historical
20. 2012-12-25
    historical
21. 2012-09-26
    price
22. 2012-08-06
    price
23. 2012-06-30
    listed Active
24. 2012-06-30
    listed $159,900

ⓘ 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 9/10 Extreme FEMA zone X (unshaded) · 99% chance over 30 yrs
• 🔥 Wildfire 2/10 Low
• 🌡 Heat 6/10 Major 7 d/yr ≥98°F today · 16 d/yr by 30 yrs out
• 💨 Wind 6/10 Major 27% chance of damaging wind over 30 yrs
• 🫁 Air quality 4/10 Moderate 3 unhealthy d/yr today · 5 by 30 yrs out

Taxation est. · year 1

• Rental income: $47,576
• − Mortgage interest: −$15,964
• − Property taxes: −$4,275
• − Insurance: −$2,222
• − Repairs & maintenance: −$3,806
• − Management: −$3,806
• − Depreciation: −$8,291
• Taxable income: $9,211
• Est. tax owed @ 24.0%: −$2,211
• After-tax cash flow: $10,942/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: Greenburgh Central School District
• NCES district ID: 3612720
• Math proficiency: 51% ▲ 4.00%
• Reading proficiency: 55% ▲ 5.00%
• Median HH income: $93,626
• Composite: 49.43/100
• National rank: #2005
• State rank: #267 of 590 in NY

Livability — Hartsdale

• Score: 81/100
• State rank: #94
• US rank: #1430

Category grades

Amenities F Commute A Cost of living F Crime A+ Employment A+ Housing A+ Health & safety B- User ratings A+

Schools grade is shown separately in the Schools card above.

Census & demographics

• Census place: Hartsdale, NY
• Population (ZIP): 13,955

Population outlook (Westchester County) Hauer SSP2

• Today (2025): 1,028,035 people
• By 2030: 1,051,636 · +2.3%
• By 2040: 1,098,520 · +6.9%
• By 2050: 1,136,044 · +10.5%
• By 2075: 1,196,925 · +16.4%
• By 2100: 1,175,147 · +14.3%

Race, ethnicity, and origin ACS 2023

• Neighborhood character: Predominantly White (68%)
• Race & ethnicity: White 68% Hispanic / Latino 12% Asian 10% Two or more races 9% Black 7%
• Hispanic origin (detail): Mexican 2% Puerto Rican 4% Dominican 2%
• Common ancestry: Romanian 9% Scotch-Irish 5% Italian 2%
• Foreign-born: 23% · Canada, China, South Korea
• Languages at home: 71% English-only · Spanish 9% Other Indo-European 6% Russian/Polish/Slavic 5%

Political lean MEDSL · Westchester

• 2024 margin: Strong D (+26.3) · D 63.1% · R 36.9%
• 2008→2024 swing: -1.3pp toward R · 2008: 27.6pp · 2024: 26.3pp
• All cycles: 2024: D+26.3 2020: D+36.3 2016: D+32.8 2012: D+22.2 2008: D+27.6

Not yet ingested

• Civics: —

Market trends

• HPI YoY: ▼ -616.16%
• Current HPI: 320.7324
• Rent YoY: —
• Metro: —
• 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

+78.2% since first listed

10 events — show timeline

• 2026-03-06 Listed $285,000 OneKey® MLS as Distributed by MLS Grid
• 2019-10-25 Sold (MLS) $252,500 OneKey® MLS as Distributed by MLS Grid
• 2019-08-24 Pending — OneKey® MLS as Distributed by MLS Grid
• 2019-06-28 Listed $252,500 OneKey® MLS as Distributed by MLS Grid
• 2012-12-26 Delisted — HGMLS
• 2012-12-25 Listing Removed — OneKey® MLS as Distributed by MLS Grid
• 2012-09-26 Price Changed — HGMLS
• 2012-08-06 Price Changed — HGMLS
• 2012-06-30 Listed — HGMLS
• 2012-06-30 Listed $159,900 OneKey® MLS as Distributed by MLS Grid