127/129 N Washington St · Athens, NY 12015

$379,999

2 bd · 1.0 ba · 1,674 sqft · SingleFamily · 69 Days on market

Built 1989 1.30 ac lot $227/sqft · at area comps Est $400k · at est.

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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 +9.7/15.0
• Appreciation +8.0/10.0
• Cash flow +7.6/30.0
• Schools +4.3/10.0
• Livability +3.2/5.0
• Rent growth +2.5/5.0
• Condition / age +2.5/5.0
• 1% rule +2.2/10.0
• DSCR +1.7/10.0

Listing remarks MLS

Expansive 1.3-Acre Riverfront Site with Potential! Located along the Hudson River waterfront in the Village of Athens, this property offers a unique setting with views of the river and distant hills. Discover a rare opportunity in the Village of Athens at 127-129 North Washington Street. This property features an expansive 1.30-acre lot--a significant land holding for the village--extending directly to the Hudson River waterfront. Direct shoreline frontage featuring a historic, partially submerged vessel visible just offshore, a unique maritime landmark that attracts local birdlife. The existing structure is a renovation project, offering a blank slate for those looking to rebuild or restore. Bring your tools and your vision to transform this unique site. Convenient to the Village of Athens amenities, including Riverfront Park, local dining, and the Hudson-Athens ferry. The property provides easy access to the Hudson Amtrak station and regional highways for efficient commuting. A unique combination of river views, substantial acreage, and creative potential. Property being sold strictly AS-IS.

Key facts

• Expansive lot
• 1.3 acre lot
• Built 1989

Tags

• 1.3-ACRE RIVERFRONT SITE
• HUDSON RIVER WATERFRONT
• DIRECT SHORELINE FRONTAGE
• EXPANSIVE LOT
• UNIQUE MARITIME LANDMARK

What this means for you Summary

Snapshot

• This is a 2-bed/1.0-bath single-family listed at $380k.

Deal economics

• At list price, monthly cash flow is $-454 ($-5k/yr) — negative.
• To cash-flow at today's rent, offer at most $314k (17.3% below list).
• To meet the 1% rule (rent ≥ 1% of price), the offer needs to be $275k (27.6% below list).
• Recommended offer: $275k (27.6% below list) — sets the bar for 1% rule.

Location & tenants

• Location reads 63/100 on livability (#785 in NY) — a middle-class / working-renter tenant base. Strengths: crime A+, housing A+; Watch: amenities F, commute F, health & safety D-.
• Coxsackie-Athens Central School District (town): math 43% / reading 56% proficiency, ranked #384 of 590 in NY (top 65%) — families likely to look elsewhere, expect single-tenant / working-renter base with shorter leases.
• Zoned schools: Edward J Arthur Elementary School (math 44% / reading 64%, grade C, #908 of 2,108 statewide, top 46%, 184 students, 40% FRL); Coxsackie-Athens Middle School (math 22% / reading 46%, grade F, #497 of 729 statewide, top 69%, 364 students, 41% FRL); Coxsackie-Athens High School (math 87% / reading 82%, grade A, #379 of 1,100 statewide, top 36%, 365 students, 0% FRL) — zoned schools at 27% FRL track the district average.
• Market conditions: 91 active listings in the ZIP; 2 comparable units currently listed for rent nearby; 97 units permitted in Greene County in 2024 (0 in 5+ unit buildings).

Forward outlook

• In year one you build about $25k of equity ($3k loan paydown + $23k appreciation (5.9% local appreciation)).
• Greene County population projected at -22% by 2050 — secular population decline; favor cash flow + early exit over multi-decade hold.
• By year 2, paydown + projected appreciation supports a ~$40k cash-out refi (75% LTV) — recoverable capital for the next deal without selling this one.

Negotiation context

• It's been on market 69 days — a 6% lower offer ($357k) is reasonable based on typical stale-listing flexibility.

Recommended offer $274,988 (27.6% 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 69 days. Have you received any prior offers? Is the seller open to a 28% concession, seller financing, or rate buy-down credit?
3. Why hasn't it sold? Are there any deal-killer items the seller is aware of (foundation, flood, title, zoning, code violations)?
4. Is there a deadline driving the sale (1031 exchange, divorce, estate, relocation)? That informs how much negotiation room exists.
5. Schools are F-rated, which usually means shorter tenancies and higher turnover. Who's the typical renter profile here, and what's been the actual vacancy rate?
6. 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?
7. 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.
8. 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.
9. How much new for-sale + rental construction is in the pipeline within 1–3 miles? Heavy new supply typically softens prices + rents 12–24 months out; constrained supply supports both.

Investment metrics

• 1% rule: 0.72% ✗
• Cap rate: 4.86%
• Cash-on-cash: -5.12%
• DSCR: 0.77
• GRM: 11.5

CMA / ARV

• ARV (median comp): $399,599
• List price: $379,999
• Delta: -4.90%
• Verdict: FAIR
• Comps: 20 within 1.0 mi

Show comp detail 8 sales within ~0.75 mi

Address	Dist	Beds/Ba	Sqft	Sold	Price	$/sf	Match
15 North Warren St	0.63mi	3/1.0 (+1)	1,648 (-2%)	10mo	$350,000	$212	54
106 N Washington St	0.11mi	3/2.0 (+1)	1,907 (+14%)	17mo	$313,100	$164	48
52 N Franklin St	0.47mi	3/1.5 (+1)	1,438 (-14%)	3mo	$334,900	$233	46
7 N Vernon St	0.70mi	3/1.0 (+1)	1,606 (-4%)	15mo	$250,000	$156	42
31 Constantine Ct	0.44mi	3/3.0 (+1)	1,545 (-8%)	13mo	$370,000	$239	42
9 Constantine Ct	0.36mi	3/2.0 (+1)	1,506 (-10%)	20mo	$310,000	$206	40
37 N Vernon	0.48mi	3/1.5 (+1)	1,876 (+12%)	18mo	$375,000	$200	35
29 Constantine Ct	0.44mi	3/2.5 (+1)	1,437 (-14%)	20mo	$387,500	$270	28

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

Projected returns pro-forma

5.93% appreciation · 3.0% rent growth · sell at horizon

5-year hold

• IRR: 11.0%
• Equity multiple: 1.74×
• Total profit: $79,162
• Equity at exit: $237,076

10-year hold

• IRR: 12.1%
• Equity multiple: 3.41×
• Total profit: $256,005
• Equity at exit: $428,375

Cash invested: $106,400 (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 12015

• Home prices YoY: 1.4%
• Active inventory: 91
• Price-to-rent: 11.5×

Monthly cashflow live

• Estimated rent: $2,750 medium
• Mortgage (P&I): −$1,993
• Tax est. 1.5%: −$475 /mo · $5,700/yr
• Insurance: −$158
• HOA: −$0
• Vacancy / Maint / Mgmt: −$577
• Net cashflow: $-454

Break-even live

Break-even rent $3,324

Max offer price $314,350

Occupancy floor —

Sensitivity live

Price	-10% $-191	-5% $-322	+0% $-454	+5% $-585	+10% $-716
Rent	-10% $-671	-5% $-562	+0% $-454	+5% $-345	+10% $-236
Rate	-1.0pp $-262	-0.5pp $-357	base $-454	+0.5pp $-552	+1.0pp $-652

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: $95,000
• Closing costs: $11,400
• Reserves months: —
• Total cash needed: —

Rent comps 2 comps

Address	Beds	Baths	Sqft	Rent	$/sqft	DOM	Units	Dist
227 Warren St Unit 3 Hudson, NY	3.0	1.0	1400	$2,600	$1.86	25d	1	1.26mi
210 Allen St Hudson, NY	2.0	1.0	1400	$2,900	$2.07	25d	1	1.27mi

Listing history 18 events

1. 2026-06-21
   days on market $379,999 Active 69 DOM
2. 2026-06-18
   days on market $379,999 Active 66 DOM
3. 2026-06-17
   days on market $379,999 Active 65 DOM
4. 2026-06-16
   days on market $379,999 Active 64 DOM
5. 2026-06-15
   days on market $379,999 Active 63 DOM
6. 2026-06-14
   days on market $379,999 Active 61 DOM
7. 2026-06-13
   days on market $379,999 Active 60 DOM
8. 2026-06-10
   days on market $379,999 Active 58 DOM
9. 2026-06-09
   days on market $379,999 Active 57 DOM
10. 2026-06-08
    days on market $379,999 Active 56 DOM
11. 2026-06-07
    days on market $379,999 Active 55 DOM
12. 2026-06-05
    days on market $379,999 Active 52 DOM
13. 2026-06-03
    days on market $379,999 Active 51 DOM
14. 2026-06-02
    days on market $379,999 Active 50 DOM
15. 2026-06-01
    days on market $379,999 Active 49 DOM
16. 2026-05-31
    days on market $379,999 Active 48 DOM
17. 2026-05-31
    days on market $379,999 Active 47 DOM
18. 2026-04-11
    listed $379,999 Active 1112-char remark

    Show marketing remark (1112 chars)

    Expansive 1.3-Acre Riverfront Site with Potential! Located along the Hudson River waterfront in the Village of Athens, this property offers a unique setting with views of the river and distant hills. Discover a rare opportunity in the Village of Athens at 127-129 North Washington Street. This property features an expansive 1.30-acre lot--a significant land holding for the village--extending directly to the Hudson River waterfront. Direct shoreline frontage featuring a historic, partially submerged vessel visible just offshore, a unique maritime landmark that attracts local birdlife. The existing structure is a renovation project, offering a blank slate for those looking to rebuild or restore. Bring your tools and your vision to transform this unique site. Convenient to the Village of Athens amenities, including Riverfront Park, local dining, and the Hudson-Athens ferry. The property provides easy access to the Hudson Amtrak station and regional highways for efficient commuting. A unique combination of river views, substantial acreage, and creative potential. Property being sold strictly AS-IS.

ⓘ 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 3/10 Moderate
• 🌡 Heat 4/10 Moderate 7 d/yr ≥98°F today · 16 d/yr by 30 yrs out
• 💨 Wind 3/10 Moderate 9% chance of damaging wind over 30 yrs
• 🫁 Air quality 2/10 Low 0 unhealthy d/yr today · 1 by 30 yrs out

Taxation est. · year 1

• Rental income: $32,999
• − Mortgage interest: −$21,286
• − Property taxes: −$5,700
• − Insurance: −$1,900
• − Repairs & maintenance: −$2,640
• − Management: −$2,640
• − Depreciation: −$11,055
• Taxable loss: −$12,222
• Est. tax savings @ 24.0%: +$2,933
• After-tax cash flow: $-2,511/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: Coxsackie-Athens Central School District
• NCES district ID: 3608490
• Math proficiency: 43% ▼ -1.00%
• Reading proficiency: 56% ▲ 19.00%
• Median HH income: $55,006
• Composite: 42.8/100
• National rank: #3143
• State rank: #384 of 590 in NY

Livability — Athens

• Score: 63/100
• State rank: #785
• US rank: #15102

Category grades

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

Schools grade is shown separately in the Schools card above.

Census & demographics

• Census place: Athens, NY
• Population (ZIP): 4,084

Population outlook (Greene County) Hauer SSP2

• Today (2025): 44,963 people
• By 2030: 43,126 · -4.1%
• By 2040: 38,756 · -13.8%
• By 2050: 34,913 · -22.4%
• By 2075: 28,156 · -37.4%
• By 2100: 22,296 · -50.4%

Race, ethnicity, and origin ACS 2023

• Neighborhood character: Predominantly White (79%)
• Race & ethnicity: White 79% Two or more races 10% Hispanic / Latino 7% Asian 3% Black 1%
• Hispanic origin (detail): Mexican 4% Dominican 2%
• Common ancestry: Romanian 3% Iranian 3% Scotch-Irish 2%
• Foreign-born: 11% · Canada, South Korea, Vietnam
• Languages at home: 90% English-only · Russian/Polish/Slavic 5% Other Indo-European 2% Spanish 1%

Political lean MEDSL · Greene

• 2024 margin: R (+17.0) · D 41.5% · R 58.5%
• 2008→2024 swing: -7.1pp toward R · 2008: -9.9pp · 2024: -17.0pp
• All cycles: 2024: R+17.0 2020: R+15.6 2016: R+27.4 2012: R+11.1 2008: R+9.9

Not yet ingested

• Civics: —

Market trends

• HPI YoY: ▲ 5.93%
• Current HPI: 426.3034
• 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

1 event — show timeline

• 2026-04-11 Listed $379,999 HVCRMLS