2220 Burnette St Unit 5A · New York, NY 11229

$239,000

1 bd · 1.0 ba · 800 sqft · Condo · 30 Days on market

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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 +28.8/30.0
• DSCR +10.0/10.0
• 1% rule +8.0/10.0
• ARV discount +7.5/15.0
• Rent growth +5.0/5.0
• Schools +5.0/10.0
• Livability +3.8/5.0
• Condition / age +2.5/5.0
• Appreciation +0.0/10.0

Listing remarks MLS

First time on market! Office exclusive! Super cute one bedroom co-op apartment located in the beautiful Brooklyn Marine Park Development Co-op on Burnett Street between Avenues U & V! This is one of the best maintained co-ops in all of Brooklyn. The unit itself is bright and airy with a large living room/dining area, nice kitchen with window, big bedroom and ceramic tile bath with window. Located on the fifth floor, this unit offers pretty views of the Marine Park Salt Marsh and walking trails and is a half block walk to Marine Park! Maintenance includes gas, heat, water, real estate taxes and even the electric! This is a pet friendly building... Snoopy and Garfield are welcome! Sublet is not permitted. Minimum 20% down payment required and minimum income restriction apply.

Key facts

• Eat in kitchen
• Modern amenities
• Updated elevators

Tags

• PLENTY OF CLOSET SPACE
• EAT IN KITCHEN
• FULL BATH WITH WINDOW
• PET FRIENDLY BUILDING
• MODERN AMENITIES
• UPDATED ELEVATORS

Property features AI

Finance

• Financial info: Flip tax: 20%; Financing permitted: bank mortgage or cash
• HOA & community: Monthly maintenance fee of $744; Management by Delkap Management; Pets allowed (cats and dogs); Handicap access available; Co-op shares: 138

Exterior

• Parking: Garage parking available; Outdoor parking available
• Security: Secure lobby; Security patrol
• Utilities: Electric service available; Gas available; Water service available; Sewer service available; Heat included (steam/radiator)
• Home design: Residential unit in a multi-unit building (73 units); Located on the 5th floor
• Exterior features: Secure lobby; Security patrol; Resident superintendent; Sprinkler system; Located on Ave U (Brooklyn)

Interior

• Kitchen: Eat-in kitchen; Stove; Refrigerator
• Bedrooms: One bedroom on the first floor
• Bathrooms: One full bathroom on the first floor
• Heating & cooling: Gas-fired heat; Steam/radiator heat; Window or wall A/C unit (1)
• Interior features: Central air conditioning (1 unit); Elevator access; Laundry area; Refrigerator; Stove
• Laundry & utility: Building has card-operated laundry; On-site laundry area

🏢 Co-op / cooperative unit. The $239,000 price buys shares in the cooperative corporation, not the real estate itself — so it isn't comparable to a fee-simple sale price, and the cashflow / cap-rate / 1%-rule cards below (which assume you own the property and can rent it out) don't apply here. Expect board approval and a monthly maintenance fee on top of the price.

What this means for you Summary

Snapshot

• This is a 1-bed/1.0-bath condo listed at $239k.

Deal economics

• At list price, monthly cash flow is $806 ($10k/yr) — positive.
• The deal already cash-flows at list — no discount required.
• Meets the 1% rule at list price ($3k rent vs $239k).
• Recommended offer: $235k (1.5% below list) — sets the bar for market timing.
• Cap rate 10.3% 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.
• Market conditions: Rents rising fast (+15.8%/yr); 359 active listings in the ZIP; 3 comparable units currently listed for rent nearby; rentals at typical pace (median 26d 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 $3,111/mo this rent would consume 53% of the median local household income ($71k/yr) (locally 4771% 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 $7k 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 + 8.0% rent growth), your $67k cash investment doubles in ~6 years — after that, you're playing with house money.

Negotiation context

• It's been on market 30 days — a 2% lower offer ($235k) is reasonable based on typical stale-listing flexibility.
• 3 sale attempts since 23y 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.
• Current owner paid $139k; list at $239k implies a 72% gain — meaningful room to come down on a strong offer.

Recommended offer $235,415 (1.5% below list)

Questions for the listing agent

1. 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?
2. Is there a deadline driving the sale (1031 exchange, divorce, estate, relocation)? That informs how much negotiation room exists.
3. 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?
4. 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?
5. 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.
6. 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.
7. 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: 1.30% ✓
• Cap rate: 10.34%
• Cash-on-cash: 14.45%
• DSCR: 1.64
• GRM: 6.4

CMA / ARV

No comps found within radius.

Projected returns pro-forma

-3.0% appreciation · 8.0% rent growth · sell at horizon

5-year hold

• IRR: 10.4%
• Equity multiple: 1.43×
• Total profit: $29,101
• Equity at exit: $35,636

10-year hold

• IRR: 23.3%
• Equity multiple: 3.49×
• Total profit: $166,472
• Equity at exit: $20,664

Cash invested: $66,920 (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 11229

• Rents YoY: 15.8%
• Active inventory: 359
• Price-to-rent: 6.4×

Monthly cashflow live

• Estimated rent: $3,111 medium
• Mortgage (P&I): −$1,253
• Tax est. 1.5%: −$299 /mo · $3,585/yr
• Insurance: −$100
• HOA: −$0
• Vacancy / Maint / Mgmt: −$653
• Net cashflow: $806

Break-even live

Break-even rent $2,091

Max offer price $239,000

Occupancy floor 69%

Sensitivity live

Price	-10% $971	-5% $889	+0% $806	+5% $724	+10% $641
Rent	-10% $560	-5% $683	+0% $806	+5% $929	+10% $1,052
Rate	-1.0pp $926	-0.5pp $867	base $806	+0.5pp $744	+1.0pp $681

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: $59,750
• Closing costs: $7,170
• Reserves months: —
• Total cash needed: —

Rent comps 3 comps

Address	Beds	Baths	Sqft	Rent	$/sqft	DOM	Units	Dist
3112 Emmons Ave Unit 203 Brooklyn, NY	1.0	1.0	734	$3,200	$4.36	26d	1	1.26mi
3000 Emmons Ave Unit 1 Brooklyn, NY	—	1.0	536	$3,273	$6.11	26d	1	1.31mi
3000 Emmons Ave Unit 5 Brooklyn, NY	2.0	2.0	840	$4,085	$4.86	26d	1	1.31mi

HOA detail condo

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

Listing history 19 events

1. 2026-06-21
   days on market $239,000 Active 30 DOM
2. 2026-06-18
   days on market $239,000 Active 27 DOM
3. 2026-06-17
   days on market $239,000 Active 26 DOM
4. 2026-06-16
   days on market $239,000 Active 25 DOM
5. 2026-06-15
   days on market $239,000 Active 24 DOM
6. 2026-06-13
   days on market $239,000 Active 22 DOM
7. 2026-06-10
   days on market $239,000 Active 18 DOM
8. 2026-06-08
   days on market $239,000 Active 17 DOM
9. 2026-06-08
   days on market $239,000 Active 16 DOM
10. 2026-06-04
    days on market $239,000 Active 13 DOM
11. 2026-06-03
    days on market $239,000 Active 12 DOM
12. 2026-06-02
    days on market $239,000 Active 11 DOM
13. 2026-06-01
    days on market $239,000 Active 10 DOM
14. 2026-05-31
    days on market $239,000 Active 9 DOM
15. 2026-05-22
    listed $239,000 Active
16. 2020-04-15
    soldstatus $139,000 Sold 788-char remark

    Show marketing remark (788 chars)

    First time on market! Office exclusive! Super cute one bedroom co-op apartment located in the beautiful Brooklyn Marine Park Development Co-op on Burnett Street between Avenues U & V! This is one of the best maintained co-ops in all of Brooklyn. The unit itself is bright and airy with a large living room/dining area, nice kitchen with window, big bedroom and ceramic tile bath with window. Located on the fifth floor, this unit offers pretty views of the Marine Park Salt Marsh and walking trails and is a half block walk to Marine Park! Maintenance includes gas, heat, water, real estate taxes and even the electric! This is a pet friendly building... Snoopy and Garfield are welcome! Sublet is not permitted. Minimum 20% down payment required and minimum income restriction apply.

17. 2018-06-05
    historical 788-char remark

    Show marketing remark (788 chars)

    First time on market! Office exclusive! Super cute one bedroom co-op apartment located in the beautiful Brooklyn Marine Park Development Co-op on Burnett Street between Avenues U & V! This is one of the best maintained co-ops in all of Brooklyn. The unit itself is bright and airy with a large living room/dining area, nice kitchen with window, big bedroom and ceramic tile bath with window. Located on the fifth floor, this unit offers pretty views of the Marine Park Salt Marsh and walking trails and is a half block walk to Marine Park! Maintenance includes gas, heat, water, real estate taxes and even the electric! This is a pet friendly building... Snoopy and Garfield are welcome! Sublet is not permitted. Minimum 20% down payment required and minimum income restriction apply.

18. 2018-05-05
    listed $139,000 Active 788-char remark

    Show marketing remark (788 chars)

    First time on market! Office exclusive! Super cute one bedroom co-op apartment located in the beautiful Brooklyn Marine Park Development Co-op on Burnett Street between Avenues U & V! This is one of the best maintained co-ops in all of Brooklyn. The unit itself is bright and airy with a large living room/dining area, nice kitchen with window, big bedroom and ceramic tile bath with window. Located on the fifth floor, this unit offers pretty views of the Marine Park Salt Marsh and walking trails and is a half block walk to Marine Park! Maintenance includes gas, heat, water, real estate taxes and even the electric! This is a pet friendly building... Snoopy and Garfield are welcome! Sublet is not permitted. Minimum 20% down payment required and minimum income restriction apply.

19. 2003-05-15
    listed $109,000 118-char remark

    Show marketing remark (118 chars)

    FLIP TAX 20 OF SALES PRICE, NICE SIZE 1 BDM ON5TH FLR, BDM IS 10X16, LOTS OF CLOSETS, FACESPARK AND WATER, NEW WINDOWS

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

Taxation est. · year 1

• Rental income: $37,333
• − Mortgage interest: −$13,388
• − Property taxes: −$3,585
• − Insurance: −$1,195
• − Repairs & maintenance: −$2,987
• − Management: −$2,987
• − Depreciation: −$6,953
• Taxable income: $6,239
• Est. tax owed @ 24.0%: −$1,497
• After-tax cash flow: $8,176/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): 78,377
• Household income: $70,603
• Rent vs Own: 53.1% rent · 46.9% own
• Severe rent burden: 4771.0

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: Diverse neighborhood (Simpson 0.60)
• Race & ethnicity: White 59% Asian 22% Hispanic / Latino 9% Black 6% Two or more races 6%
• Hispanic origin (detail): Mexican 2% Puerto Rican 3%
• Common ancestry: Scotch-Irish 6% Subsaharan African 6% Romanian 1%
• Foreign-born: 47% · China, Canada, Vietnam
• Languages at home: 40% English-only · Russian/Polish/Slavic 22% Chinese 16% Spanish 6%

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: ▼ -761.52%
• Current HPI: 361.7011
• Rent YoY: ▲ 15.81%
• 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

+119.3% since first listed

5 events — show timeline

• 2026-05-22 Listed $239,000 BNYMLS
• 2020-04-15 Sold (MLS) $139,000 BNYMLS
• 2018-06-05 Delisted — BNYMLS
• 2018-05-05 Listed $139,000 BNYMLS
• 2003-05-15 Listed $109,000 BNYMLS