1151 Saint Lawrence Ave · New York, NY 10472

$999,999

6 bd · 4.0 ba · 1,920 sqft · MultiFamily public records · 27 Days on market

Built 1930 5,000 sqft lot Est $866k · 15% over

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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 +10.5/30.0
• Appreciation +7.0/10.0
• Schools +5.0/10.0
• Livability +3.8/5.0
• DSCR +3.0/10.0
• Rent growth +2.5/5.0
• Condition / age +2.5/5.0
• 1% rule +2.3/10.0
• ARV discount +0.5/15.0

Multi-family units

County records classify this as Multi-Family (2-4 Unit). Listing-text estimate: 2 units. confirmed

Listing remarks

>>Attention Buyers, Builders, and Developers! Don’t miss this prime opportunity in the highly sought-after Soundview location! This 5,000 sq ft lot (50 ft x 100 ft) in R5 zoning offers incredible potential. The property features an existing 2-family home with a full basement, delivered vacant—ideal for immediate use or redevelopment. Build a 3-family home or enjoy the expansive yard as a buyer. Key Updates: Roof replaced in 2019 New boiler installed in 2021 for efficient heating Prime Location: 6 Train at St. Lawrence Ave - 0.16 miles 6 Train at Morrison Ave–Soundview Ave - 0.39 miles 6 Train at Parkchester–East 177th St - 0.42 miles Perfect for investment, re

Key facts

• New boiler installed
• Expansive yard
• R5 zoning

Tags

• R5 ZONING
• EXISTING 2-FAMILY HOME
• FULL BASEMENT
• EXPANSIVE YARD
• ROOF REPLACED
• NEW BOILER INSTALLED

What this means for you Summary

Snapshot

• This is a 2 × 3-bed/2.0-bath units multifamily listed at $1000k.

Deal economics

• At list price, monthly cash flow is $-512 ($-6k/yr) — negative. Per door: $-256/mo.
• To cash-flow at today's rent, offer at most $910k (9.0% below list).
• To meet the 1% rule (rent ≥ 1% of price), the offer needs to be $729k (27.1% below list).
• Recommended offer: $729k (27.1% below list) — sets the bar for 1% rule.
• Cap rate 5.7% 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 214 (math 30% / reading 50%, grade F, #1,418 of 2,108 statewide, top 68%, 836 students, 92% 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: 54 active listings in the ZIP; 6,929 units permitted in Bronx County in 2024 (6,829 in 5+ unit buildings).

Forward outlook

• In year one you build about $48k of equity ($7k loan paydown + $41k appreciation (4.1% local appreciation)).
• Bronx County population projected at +21% by 2050 — long-run rental-demand tailwind backs the buy-and-hold thesis.
• By year 2, paydown + projected appreciation supports a ~$77k cash-out refi (75% LTV) — recoverable capital for the next deal without selling this one.

Negotiation context

• It's been on market 27 days — a 2% lower offer ($985k) is reasonable based on typical stale-listing flexibility.
• Current owner paid $320k; list at $1000k implies a 212% gain — meaningful room to come down on a strong offer.

Risks & watch-outs

• Watch-outs: built in 1930 — expect roof / HVAC / electrical / plumbing capex.
• Climate carrying-cost: major flood risk; 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 $728,600 (27.1% 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. Can we see the unit-by-unit rent roll, current vacancy, and any below-market leases? What's the average tenancy length?
3. What capital expenditures (roof, boiler, parking lot, exteriors) have been made in the last 5 years, and what's planned in the next 2?
4. Built in 1930 — when were the roof, HVAC, electrical panel, plumbing, and water heater last replaced?
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: 0.73% ✗
• Cap rate: 5.68%
• Cash-on-cash: -2.20%
• DSCR: 0.90
• GRM: 11.4

CMA / ARV

• ARV (on-the-fly): $865,920
• Comps found: 7

Show comp detail 7 sales within ~0.75 mi

Address	Dist	Beds/Ba	Sqft	Sold	Price	$/sf	Match
1926 Mcgraw Ave	0.52mi	5/4.0 (-1)	1,935 (+1%)	2mo	$900,000	$465	68
1274 Fteley Ave	0.32mi	5/3.0 (-1)	1,840 (-4%)	6mo	$955,000	$519	64
1071 Stratford Ave	0.47mi	7/2.0 (+1)	1,950 (+2%)	2mo	$880,000	$451	61
1347 Taylor Ave	0.31mi	7/2.0 (+1)	2,012 (+5%)	5mo	$775,000	$385	60
1317 Thieriot Ave	0.28mi	5/3.0 (-1)	1,773 (-8%)	8mo	$880,000	$496	58
1513 Rosedale Ave	0.65mi	5/3.0 (-1)	1,946 (+1%)	3mo	$799,000	$411	56
725 Taylor Ave	0.66mi	5/3.0 (-1)	1,933 (+1%)	11mo	$750,000	$388	50

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

Projected returns pro-forma

4.08% appreciation · 3.0% rent growth · sell at horizon

5-year hold

• IRR: 8.5%
• Equity multiple: 1.52×
• Total profit: $146,059
• Equity at exit: $511,878

10-year hold

• IRR: 10.6%
• Equity multiple: 2.77×
• Total profit: $496,458
• Equity at exit: $841,123

Cash invested: $280,000 (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 10472

• Home prices YoY: 1.8%
• Active inventory: 54
• Price-to-rent: 22.9×

Monthly cashflow live

• Estimated rent: $7,286 medium
• Mortgage (P&I): −$5,244
• Tax from tax record: −$607 /mo · $7,288/yr
• Insurance: −$417
• HOA: −$0
• Vacancy / Maint / Mgmt: −$1,530
• Net cashflow: $-512

Break-even live

Break-even rent $7,934

Max offer price $909,517

Occupancy floor —

Sensitivity live

Price	-10% $54	-5% $-229	+0% $-512	+5% $-795	+10% $-1,078
Rent	-10% $-1,088	-5% $-800	+0% $-512	+5% $-224	+10% $63
Rate	-1.0pp $-9	-0.5pp $-258	base $-512	+0.5pp $-771	+1.0pp $-1,035

2-unit breakdown (identical units grouped — click to expand)

Units	Beds	Baths	Est. rent
▸ 2× units	3	2	$7,286
Total (2 units)			$7,286

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: $250,000
• Closing costs: $30,000
• Reserves months: —
• Total cash needed: —

Listing history 4 events

1. 2025-01-13
   status Pending
2. 2024-12-16
   listed $999,999 Active
3. 2004-04-08
   soldstatus $320,000
4. 1998-04-13
   soldstatus $15,000

ⓘ 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: $7,288 · $607/mo
• Projected year-2 tax: $12,094 · $1,008/mo
• Expected delta: +$4,806/yr (+$400/mo · 65.9%)

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

Climate risk First Street

• 🌊 Flood 6/10 Major FEMA zone X (shaded) · 27% 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 4/10 Moderate 5 unhealthy d/yr today · 6 by 30 yrs out

Taxation est. · year 1

• Rental income: $87,432
• − Mortgage interest: −$56,015
• − Property taxes: −$7,288
• − Insurance: −$5,000
• − Repairs & maintenance: −$6,995
• − Management: −$6,995
• − Depreciation: −$29,091
• Taxable loss: −$23,952
• Est. tax savings @ 24.0%: +$5,748
• After-tax cash flow: $-398/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
• City population: 7,731,280
• Population (ZIP): 63,820

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 0.56)
• Race & ethnicity: Hispanic / Latino 62% Black 23% Two or more races 9% Asian 8% White 2% Native American 1%
• Hispanic origin (detail): Mexican 8% Puerto Rican 20% Cuban 1% Dominican 20%
• Foreign-born: 40% · Canada, Jamaica
• Languages at home: 36% English-only · Spanish 52% Other Indo-European 7% French/Haitian/Cajun 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: ▲ 4.08%
• Current HPI: 236.8002
• 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

+6566.7% since first listed

4 events — show timeline

• 2025-01-13 Pending — OneKey® MLS as Distributed by MLS Grid
• 2024-12-16 Listed $999,999 OneKey® MLS as Distributed by MLS Grid
• 2004-04-08 Sold (Public Records) $320,000 Public Records
• 1998-04-13 Sold (Public Records) $15,000 Public Records

Property tax history

+5.6%/yr

Latest (2025): $7,288 · +4.2% YoY. Source: county tax records.