9409 Linden Blvd · New York, NY 11417

$600,000

3 bd · 3.0 ba · 1,183 sqft · MultiFamily public records · 68 Days on market

Built 1925 1,980 sqft lot Est $860k · 30% under

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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).

• ARV discount +15.0/15.0
• Cash flow +6.1/30.0
• Schools +5.0/10.0
• Livability +3.8/5.0
• Rent growth +2.5/5.0
• Condition / age +2.5/5.0
• 1% rule +0.8/10.0
• DSCR +0.4/10.0
• Appreciation +0.0/10.0

Multi-family units

County records classify this as Multi-Family (2-4 Unit). Listing-text estimate: 1 unit. estimate disagrees with records

Listing remarks

Legal two-family home situated on Linden Boulevard in Ozone Park. Built in 1925 on a 0.05-acre lot with approximately 1,183 square feet of living space. The property features 3 bedrooms and 3 bathrooms across two floors, with a basement and backyard. Currently configured and occupied as a single-family residence. Property is being sold as-is. Subject to bank approval of short sale. Buyer to verify all information independently. Proof of funds or pre-approval required with all offers.

Key facts

• 1,980 sq ft lot
• Built 1925
• Listed 68 days

Property features AI

Exterior

• Parking: Shared driveway
• Utilities: Public sewer; Cable connected; Electricity connected; Natural gas connected
• Home design: Duplex; Total building area approximately 1183
• Construction: Frame construction
• Exterior features: Frame construction; Not waterfront

Interior

• Bedrooms: One 3-bedroom unit
• Bathrooms: 3 full bathrooms
• Heating & cooling: Natural gas heating; Wall/window air conditioning units
• Interior features: Entrance foyer; Finished basement

What this means for you Summary

Snapshot

• This is a 3-bed/3.0-bath multifamily listed at $600k.

Deal economics

• At list price, monthly cash flow is $-1k ($-13k/yr) — negative.
• To cash-flow at today's rent, offer at most $402k (33.0% below list).
• To meet the 1% rule (rent ≥ 1% of price), the offer needs to be $348k (42.0% below list).
• Recommended offer: $348k (42.0% below list) — sets the bar for 1% rule.
• Cap rate 4.1% 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 63 Old South (math 47% / reading 62%, grade C, #908 of 2,108 statewide, top 46%, 1,016 students, 79% FRL); Is 227 Louis Armstrong (math 52% / reading 69%, grade B+, #153 of 729 statewide, top 21%, 1,528 students, 68% FRL); Midwood High School (math 94% / reading 96%, grade A+, #83 of 1,100 statewide, top 8%, 4,062 students, 73% FRL).
• Market conditions: 116 active listings in the ZIP; 15 comparable units currently listed for rent nearby; rentals at typical pace (median 26d on market — plan ~3-4 weeks tenant-placement turnaround); solid renter incomes; 5,302 units permitted in Queens County in 2024 (4,918 in 5+ unit buildings).
• At $3,481/mo this rent would consume 48% of the median local household income ($87k/yr) (locally 1206% 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 $4k of loan paydown is wiped out by about $18k of value loss. Plan a longer hold.
• Queens County population projected at +16% by 2050 — long-run rental-demand tailwind backs the buy-and-hold thesis.

Negotiation context

• It's been on market 68 days — a 6% lower offer ($564k) is reasonable based on typical stale-listing flexibility.
• Current owner paid $165k; list at $600k implies a 264% gain — meaningful room to come down on a strong offer.

Risks & watch-outs

• Watch-outs: built in 1925 — expect roof / HVAC / electrical / plumbing capex.
• Climate carrying-cost: major wind risk, 65% 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 $348,053 (42.0% 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 68 days. Have you received any prior offers? Is the seller open to a 42% concession, seller financing, or rate buy-down credit?
3. Built in 1925 — when were the roof, HVAC, electrical panel, plumbing, and water heater last replaced?
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. 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?
9. 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.
10. 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.
11. 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: 0.58% ✗
• Cap rate: 4.05%
• Cash-on-cash: -8.00%
• DSCR: 0.64
• GRM: 14.4

CMA / ARV

• ARV (on-the-fly): $860,041
• Comps found: 3

Show comp detail 3 sales within ~0.75 mi

Address	Dist	Beds/Ba	Sqft	Sold	Price	$/sf	Match
91-25 Gold Rd	0.13mi	2/— (-1)	1,184 (+0%)	2mo	$845,000	$714	87
107-62 93rd St	0.24mi	3/2.0	1,059 (-10%)	2mo	$770,000	$727	66
10808 86 St	0.52mi	3/2.0	1,056 (-11%)	9mo	$830,000	$786	46

Match score weights: distance 35% · size 25% · config 20% · recency 20%. Top-matched comps best support the ARV.

Projected returns pro-forma

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

5-year hold

• IRR: -30.4%
• Equity multiple: -0.00×
• Total profit: $-168,648
• Equity at exit: $89,462

10-year hold

• IRR: -32.5%
• Equity multiple: -0.42×
• Total profit: $-239,151
• Equity at exit: $51,877

Cash invested: $168,000 (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 11417

• Active inventory: 116
• Price-to-rent: 14.4×

Monthly cashflow live

• Estimated rent: $3,481 high
• Mortgage (P&I): −$3,146
• Tax from tax record: −$473 /mo · $5,672/yr
• Insurance: −$250
• HOA: −$0
• Vacancy / Maint / Mgmt: −$731
• Net cashflow: $-1,120

Break-even live

Break-even rent $4,898

Max offer price $402,227

Occupancy floor —

Sensitivity live

Price	-10% $-780	-5% $-950	+0% $-1,120	+5% $-1,289	+10% $-1,459
Rent	-10% $-1,395	-5% $-1,257	+0% $-1,120	+5% $-982	+10% $-845
Rate	-1.0pp $-817	-0.5pp $-967	base $-1,120	+0.5pp $-1,275	+1.0pp $-1,433

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: $150,000
• Closing costs: $18,000
• Reserves months: —
• Total cash needed: —

Rent comps 15 comps

Address	Beds	Baths	Sqft	Rent	$/sqft	DOM	Units	Dist
9512 108th Ave Ozone Park, NY	2.0	1.0	1000	$2,800	$2.80	13d	1	0.30mi
10929 103rd St Ozone Park, NY	3.0	2.0	1200	$3,400	$2.83	22d	1	0.43mi
10541 90th St Ozone Park, NY	3.0	2.0	1264	$4,111	$3.25	26d	1	0.46mi
149-09 84th St Unit 2 Howard Beach, NY	3.0	1.5	750	$3,200	$4.27	26d	1	0.57mi
14912 83rd St Howard Beach, NY	3.0	2.0	1250	$3,200	$2.56	26d	1	0.65mi
132-13 81st St #1 Jamaica, NY	3.0	1.0	1280	$4,100	$3.20	4d	1	0.69mi
13214 81st St Ozone Park, NY	3.0	1.0	1280	$4,100	$3.20	13d	1	0.72mi
155-69 99th St Unit 2nd Floor Jamaica, NY	3.0	1.5	1500	$3,200	$2.13	22d	1	0.78mi
97-56 105th St #2 Ozone Park, NY	3.0	2.0	1000	$3,811	$3.81	26d	1	0.89mi
156-49 76th St Unit 2 Jamaica, NY	3.0	2.0	1250	$3,300	$2.64	18d	1	1.20mi
94-17 90th Ave Unit 2nd Floor Jamaica, NY	3.0	2.0	1040	$3,000	$2.88	9d	1	1.24mi
88-23 85th St Unit 1L Jamaica, NY	3.0	1.0	1000	$3,300	$3.30	26d	1	1.39mi
90-18 77th St Unit 2 Jamaica, NY	3.0	1.0	913	$3,295	$3.61	26d	1	1.46mi
91-04 75th St Unit 2 Jamaica, NY	3.0	1.0	800	$3,700	$4.62	26d	1	1.47mi
10215 Dunton Ct Howard Beach, NY	3.0	2.0	1100	$3,500	$3.18	26d	1	1.49mi

Listing history 14 events

1. 2026-06-21
   days on market $600,000 Active 68 DOM
2. 2026-06-18
   days on market $600,000 Active 65 DOM
3. 2026-06-17
   days on market $600,000 Active 64 DOM
4. 2026-06-15
   days on market $600,000 Active 62 DOM
5. 2026-06-13
   days on market $600,000 Active 60 DOM
6. 2026-06-10
   days on market $600,000 Active 56 DOM
7. 2026-06-08
   days on market $600,000 Active 55 DOM
8. 2026-06-08
   days on market $600,000 Active 54 DOM
9. 2026-06-04
   days on market $600,000 Active 51 DOM
10. 2026-06-03
    days on market $600,000 Active 50 DOM
11. 2026-06-01
    days on market $600,000 Active 48 DOM
12. 2026-05-31
    days on market $600,000 Active 47 DOM
13. 2026-04-11
    listed $600,000 Active
14. 1988-05-23
    soldstatus $165,000

ⓘ Source: listings_history table (triggers on properties + properties_extension) + one-shot backfill from property_details.listing_events for pre-trigger history.

Tax reassessment forecast NY · Partial reset (capped growth)

• Current annual tax: $5,672 · $473/mo
• Projected year-2 tax: $7,906 · $659/mo
• Expected delta: +$2,234/yr (+$186/mo · 39.4%)

ⓘ Screening estimate from a state-policy table — verify with the county assessor before closing.

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 ≥98°F today · 15 d/yr by 30 yrs out
• 💨 Wind 6/10 Major 65% chance of damaging wind over 30 yrs
• 🫁 Air quality 4/10 Moderate 6 unhealthy d/yr today · 6 by 30 yrs out

Taxation est. · year 1

• Rental income: $41,766
• − Mortgage interest: −$33,609
• − Property taxes: −$5,672
• − Insurance: −$3,000
• − Repairs & maintenance: −$3,341
• − Management: −$3,341
• − Depreciation: −$17,455
• Taxable loss: −$24,653
• Est. tax savings @ 24.0%: +$5,917
• After-tax cash flow: $-7,518/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: Queens County · 1,914,869 people
• City population: 7,731,280
• Metro: New York-Newark-Jersey City, NY-NJ-PA
• Population (ZIP): 30,578
• Household income: $87,006
• Rent vs Own: 41.7% rent · 58.3% own
• Severe rent burden: 1206.0

Population outlook (Queens County) Hauer SSP2

• Today (2025): 2,546,320 people
• By 2030: 2,643,059 · +3.8%
• By 2040: 2,815,563 · +10.6%
• By 2050: 2,944,423 · +15.6%
• By 2075: 3,123,338 · +22.7%
• By 2100: 3,098,688 · +21.7%

Race, ethnicity, and origin ACS 2023

• Neighborhood character: Highly diverse neighborhood (Simpson 0.74)
• Race & ethnicity: Hispanic / Latino 37% Asian 29% White 17% Two or more races 16% Black 6% Native American 2%
• Hispanic origin (detail): Mexican 4% Puerto Rican 10% Dominican 10%
• Common ancestry: Romanian 1%
• Foreign-born: 44% · Canada, China, Jamaica
• Languages at home: 46% English-only · Spanish 28% Other Indo-European 16% Chinese 4%

Political lean MEDSL · Queens

• 2024 margin: Strong D (+24.6) · D 62.3% · R 37.7%
• 2008→2024 swing: -26.2pp toward R · 2008: 50.8pp · 2024: 24.6pp
• All cycles: 2024: D+24.6 2020: D+45.2 2016: D+53.4 2012: D+58.5 2008: D+50.8

Not yet ingested

• Civics: —

Market trends

• HPI YoY: ▼ -407.81%
• Current HPI: 307.7585
• 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

+263.6% since first listed

2 events — show timeline

• 2026-04-11 Listed $600,000 OneKey® MLS as Distributed by MLS Grid
• 1988-05-23 Sold (Public Records) $165,000 Public Records

Property tax history

+6.1%/yr

Latest (2025): $5,672 · +3.4% YoY. Source: county tax records.