1383 Plimpton Ave Unit 5B · New York, NY 10452

$149,999

2 bd · 1.0 ba · 517 sqft · Condo · 460 Days on market

Built 1922

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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 +29.9/30.0
• DSCR +10.0/10.0
• 1% rule +8.4/10.0
• ARV discount +7.5/15.0
• Appreciation +6.8/10.0
• Schools +5.0/10.0
• Livability +3.8/5.0
• Rent growth +2.5/5.0
• Condition / age +2.5/5.0

Listing remarks

Beautifully renovated 2 -bedroom just minutes from the Cross Bronx Expressway & manhattan. Features a modern kitchen with stone/brick backsplash, spacious living room, large bedroom with built-in closet, and updated ceilings with recessed and LED lighting. Upgrades include new flooring, appliances, and updated electrical/plumbing. Washer and Dryer Included ! Pet-friendly and conveniently located near shops, restaurants, schools, parks, Yankee Stadium, and the D/#4 trains. A commuter's dream—just 25 minutes to Manhattan, NJ, CT, and Westchester. Don’t miss this incredible value and convenience—schedule your showing today! Call Javier : [phone]

Key facts

• Recessed lighting
• Modern kitchen
• Updated ceilings

Tags

• MODERN KITCHEN
• STONE BRICK BACKSPLASH
• SPACIOUS LIVING ROOM
• BUILT-IN CLOSET
• UPDATED CEILINGS
• RECESSED LIGHTING

Property features AI

Finance

• HOA & community: Association: 1383 Plimpton Ave HD

Exterior

• Parking: Off-street parking
• Utilities: Public sewer; Public trash collection
• Home design: Stock cooperative; Walk-up building
• Construction: Brick construction
• Exterior features: Brick exterior; Not waterfront

Interior

• Kitchen: Dishwasher; Gas oven; Microwave; Refrigerator; Exhaust fan
• Bedrooms: Total rooms: 4
• Flooring: Vinyl flooring
• Bathrooms: 1 full bathroom
• Heating & cooling: Oil heating; Radiant heating; Wall/window air conditioning
• Interior features: Ceiling fans; Granite counters; Marble counters; Pantry; Washer/dryer hookup
• Laundry & utility: Washer and dryer present; Washer hookup; Laundry room; In-unit laundry (in kitchen)

What this means for you Summary

Snapshot

• This is a 2-bed/1.0-bath condo listed at $150k.

Deal economics

• At list price, monthly cash flow is $555 ($7k/yr) — positive.
• The deal already cash-flows at list — no discount required.
• Meets the 1% rule at list price ($2k rent vs $150k).
• Recommended offer: $132k (12.0% below list) — sets the bar for market timing.
• Cap rate 10.7% 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.
• Market conditions: 42 active listings in the ZIP; lower-income renter base — watch delinquency; 6,929 units permitted in Bronx County in 2024 (6,829 in 5+ unit buildings).
• At $2,014/mo this rent would consume 59% of the median local household income ($41k/yr) (locally 10080% of renters already pay >50% of income on rent) — very limited rent-growth headroom before tenants either downsize or default.

Forward outlook

• In year one you build about $6k of equity ($1k loan paydown + $5k appreciation (3.5% local appreciation)).
• Bronx County population projected at +21% by 2050 — long-run rental-demand tailwind backs the buy-and-hold thesis.
• At projected returns (3.5% appreciation + 3.0% rent growth), your $42k cash investment doubles in ~4 years — after that, you're playing with house money.
• By year 6, paydown + projected appreciation supports a ~$33k cash-out refi (75% LTV) — recoverable capital for the next deal without selling this one.

Negotiation context

• It's been on market 460 days — a 12% lower offer ($132k) is reasonable based on typical stale-listing flexibility.
• 4 sale attempts since 2y ago; this cycle's ask has dropped $50k (25%) from the opening price — seller is motivated, your offer sets the floor, not the list.

Risks & watch-outs

• Watch-outs: built in 1922 — expect roof / HVAC / electrical / plumbing capex.
• Climate carrying-cost: moderate 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 $131,999 (12.0% below list)

Questions for the listing agent

1. It's been on market 460 days. Have you received any prior offers? Is the seller open to a 12% concession, seller financing, or rate buy-down credit?
2. Built in 1922 — when were the roof, HVAC, electrical panel, plumbing, and water heater last replaced?
3. 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?
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. 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: 1.34% ✓
• Cap rate: 10.73%
• Cash-on-cash: 15.85%
• DSCR: 1.71
• GRM: 6.2

CMA / ARV

No comps found within radius.

Projected returns pro-forma

3.51% appreciation · 3.0% rent growth · sell at horizon

5-year hold

• IRR: 23.5%
• Equity multiple: 2.37×
• Total profit: $57,523
• Equity at exit: $71,796

10-year hold

• IRR: 23.9%
• Equity multiple: 4.58×
• Total profit: $150,365
• Equity at exit: $114,153

Cash invested: $42,000 (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 10452

• Home prices YoY: 2.4%
• Active inventory: 42
• Price-to-rent: 6.2×

Monthly cashflow live

• Estimated rent: $2,014 medium
• Mortgage (P&I): −$787
• Tax est. 1.5%: −$187 /mo · $2,250/yr
• Insurance: −$62
• HOA: −$0
• Vacancy / Maint / Mgmt: −$423
• Net cashflow: $555

Break-even live

Break-even rent $1,312

Max offer price $149,999

Occupancy floor 67%

Sensitivity live

Price	-10% $658	-5% $607	+0% $555	+5% $503	+10% $451
Rent	-10% $396	-5% $475	+0% $555	+5% $634	+10% $714
Rate	-1.0pp $630	-0.5pp $593	base $555	+0.5pp $516	+1.0pp $476

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: $37,500
• Closing costs: $4,500
• Reserves months: —
• Total cash needed: —

HOA detail condo

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

Listing history 32 events

1. 2026-06-21
   days on market $149,999 Active 460 DOM
2. 2026-06-18
   days on market $149,999 Active 457 DOM
3. 2026-06-17
   days on market $149,999 Active 456 DOM
4. 2026-06-15
   days on market $149,999 Active 454 DOM
5. 2026-06-13
   days on market $149,999 Active 452 DOM
6. 2026-06-10
   days on market $149,999 Active 448 DOM
7. 2026-06-08
   pricedays on market $149,999 Active 447 DOM
8. 2026-06-03
   days on market $154,999 Active 442 DOM
9. 2026-06-01
   days on market $154,999 Active 440 DOM
10. 2026-05-31
    pricedays on market $154,999 Active 439 DOM
11. 2026-05-05
    price $159,999
12. 2026-04-21
    price $164,999
13. 2026-03-21
    price $169,999
14. 2026-03-13
    status Active
15. 2025-12-12
    status Pending
16. 2025-10-30
    price $174,999
17. 2025-09-29
    price $179,999
18. 2025-09-02
    price $184,999
19. 2025-08-18
    price $189,999
20. 2025-06-25
    price $192,999
21. 2025-06-17
    price $195,000
22. 2025-05-21
    price $197,050
23. 2025-04-14
    price $197,100
24. 2025-03-15
    price $197,399
25. 2025-01-16
    price $197,699
26. 2025-01-08
    price $199,699
27. 2024-12-16
    listed $199,999 Active
28. 2024-12-06
    historical
29. 2024-06-06
    historical
30. 2024-06-05
    listed $134,999 Active
31. 2024-02-13
    price $134,999
32. 2024-01-05
    listed $139,999 Active

ⓘ 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 5/10 Major FEMA zone X (unshaded) · 14% 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: $24,173
• − Mortgage interest: −$8,402
• − Property taxes: −$2,250
• − Insurance: −$750
• − Repairs & maintenance: −$1,934
• − Management: −$1,934
• − Depreciation: −$4,364
• Taxable income: $4,539
• Est. tax owed @ 24.0%: −$1,089
• After-tax cash flow: $5,568/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: Bronx County · 1,197,324 people
• City population: 7,731,280
• Metro: New York-Newark-Jersey City, NY-NJ-PA
• Population (ZIP): 75,682
• Household income: $41,288
• Rent vs Own: 96.7% rent · 3.3% own
• Severe rent burden: 10080.0

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: Predominantly Hispanic (65%)
• Race & ethnicity: Hispanic / Latino 65% Black 28% Two or more races 14% White 3%
• Hispanic origin (detail): Mexican 8% Puerto Rican 15% Dominican 34%
• Foreign-born: 37% · Canada
• Languages at home: 32% English-only · Spanish 58% French/Haitian/Cajun 2% Other Indo-European 1%

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: ▲ 3.51%
• Current HPI: 153.1372
• 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

+14.3% since first listed

22 events — show timeline

• 2026-05-05 Price Changed $159,999 OneKey® MLS as Distributed by MLS Grid
• 2026-04-21 Price Changed $164,999 OneKey® MLS as Distributed by MLS Grid
• 2026-03-21 Price Changed $169,999 OneKey® MLS as Distributed by MLS Grid
• 2026-03-13 Relisted — OneKey® MLS as Distributed by MLS Grid
• 2025-12-12 Pending — OneKey® MLS as Distributed by MLS Grid
• 2025-10-30 Price Changed $174,999 OneKey® MLS as Distributed by MLS Grid
• 2025-09-29 Price Changed $179,999 OneKey® MLS as Distributed by MLS Grid
• 2025-09-02 Price Changed $184,999 OneKey® MLS as Distributed by MLS Grid
• 2025-08-18 Price Changed $189,999 OneKey® MLS as Distributed by MLS Grid
• 2025-06-25 Price Changed $192,999 OneKey® MLS as Distributed by MLS Grid
• 2025-06-17 Price Changed $195,000 OneKey® MLS as Distributed by MLS Grid
• 2025-05-21 Price Changed $197,050 OneKey® MLS as Distributed by MLS Grid
• 2025-04-14 Price Changed $197,100 OneKey® MLS as Distributed by MLS Grid
• 2025-03-15 Price Changed $197,399 OneKey® MLS as Distributed by MLS Grid
• 2025-01-16 Price Changed $197,699 OneKey® MLS as Distributed by MLS Grid
• 2025-01-08 Price Changed $199,699 OneKey® MLS as Distributed by MLS Grid
• 2024-12-16 Listed $199,999 OneKey® MLS as Distributed by MLS Grid
• 2024-12-06 Listing Removed — OneKey® MLS as Distributed by MLS Grid
• 2024-06-06 Listing Removed — OneKey® MLS as Distributed by MLS Grid
• 2024-06-05 Listed $134,999 OneKey® MLS as Distributed by MLS Grid
• 2024-02-13 Price Changed $134,999 OneKey® MLS as Distributed by MLS Grid
• 2024-01-05 Listed $139,999 OneKey® MLS as Distributed by MLS Grid