3311 Giles Pl Unit 2D · New York, NY 10463

$219,950

1 bd · 1.0 ba · 850 sqft · Condo · 75 Days on market

Built 1968 Good condition

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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 +25.8/30.0
• DSCR +8.6/10.0
• ARV discount +7.5/15.0
• 1% rule +6.8/10.0
• Rent growth +5.0/5.0
• Schools +5.0/10.0
• Livability +3.8/5.0
• Condition / age +3.8/5.0
• Appreciation +0.0/10.0

Listing remarks MLS

Accepted Offer. Pet-friendly unit in the highly coveted Kingsbridge heights in the 10463 zip code. Come to see this Spectacular Very Rare 1bed 1bath co-op unit that features a warm welcoming foyer and an L-shape living room that leads to the dining area, an open flow kitchen, and BALCONY. This unit is very sunny and is ideally located on a majestic tree-lined street. The Parks, schools, and hospitals are within walking distance. The complex is well managed, has an onsite laundry room and an indoor garage. This unit is a commuters dream. It is right by the BX1 and BX2. It is near the no.1 & no. 4 train and very close to the express bus to Manhattan It is also minutes away from Major Deegan and Henry Hudson Parkway. Location, Location, Location! On top of it all, this wonderful unit is minutes away from the revived shopping district that has Starbucks, Target, BJ's, and other major department stores. Why rent when you can purchase this incredible find. A Do Not Miss! FULLY AVAILABLE. Additional Information: HeatingFuel:Oil Above Ground,

Key facts

• Two elevators
• Hardwood floors
• Built 1968

Tags

• HARDWOOD FLOORS
• ENCLOSED JR 4 BONUS ROOM
• FULLY RENOVATED KITCHEN
• NEW FLOORING AND TILES
• RECENTLY REGLAZED TUB
• TWO ELEVATORS

Property features AI

Exterior

• Parking: On-street parking; No carport
• Utilities: Public sewer; Public trash collection
• Home design: Stock cooperative
• Construction: Brick construction
• Exterior features: Brick construction; Not waterfront

Interior

• Kitchen: Dishwasher; Refrigerator; Tankless water heater
• Bedrooms: 3 rooms total (includes bedrooms) — located on entry level 2
• Bathrooms: 1 full bathroom
• Heating & cooling: Radiant heating; Wall/window cooling units
• Interior features: Elevator; Natural woodwork; Walk-through kitchen; No basement; 3 total rooms; Entry level: 2; Pets allowed with size limits
• Laundry & utility: Common area laundry

🏢 Co-op / cooperative unit. The $219,950 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 $220k. Condition is rated good.

Deal economics

• At list price, monthly cash flow is $531 ($6k/yr) — positive.
• The deal already cash-flows at list — no discount required.
• Meets the 1% rule at list price ($3k rent vs $220k).
• Recommended offer: $207k (6.0% below list) — sets the bar for market timing.
• Cap rate 9.2% 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 (+11.6%/yr); 345 active listings in the ZIP; 1 comparable units currently listed for rent nearby; 6,929 units permitted in Bronx County in 2024 (6,829 in 5+ unit buildings).
• This rent runs 42% of the median local income ($75k/yr) — at the standard rent-burdened threshold; future hikes will face affordability resistance.

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.
• Bronx County population projected at +21% by 2050 — long-run rental-demand tailwind backs the buy-and-hold thesis.
• At projected returns (-3.0% appreciation + 8.0% rent growth), your $62k cash investment doubles in ~8 years — after that, you're playing with house money.

Negotiation context

• It's been on market 75 days — a 6% lower offer ($207k) is reasonable based on typical stale-listing flexibility.
• 2 sale attempts since 5y 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.

Risks & watch-outs

• Climate carrying-cost: 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 $206,753 (6.0% below list)

Questions for the listing agent

1. It's been on market 75 days. Have you received any prior offers? Is the seller open to a 6% concession, seller financing, or rate buy-down credit?
2. Built in 1968 — 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: 1.18% ✓
• Cap rate: 9.19%
• Cash-on-cash: 10.34%
• DSCR: 1.46
• GRM: 7.1

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: 4.7%
• Equity multiple: 1.19×
• Total profit: $11,928
• Equity at exit: $32,795

10-year hold

• IRR: 18.4%
• Equity multiple: 2.89×
• Total profit: $116,525
• Equity at exit: $19,017

Cash invested: $61,586 (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 10463

• Rents YoY: 11.6%
• Active inventory: 345
• Price-to-rent: 7.1×

Monthly cashflow live

• Estimated rent: $2,596 medium
• Mortgage (P&I): −$1,153
• Tax est. 1.5%: −$275 /mo · $3,299/yr
• Insurance: −$92
• HOA: −$0
• Vacancy / Maint / Mgmt: −$545
• Net cashflow: $531

Break-even live

Break-even rent $1,924

Max offer price $219,950

Occupancy floor 75%

Sensitivity live

Price	-10% $683	-5% $607	+0% $531	+5% $455	+10% $379
Rent	-10% $326	-5% $428	+0% $531	+5% $633	+10% $736
Rate	-1.0pp $642	-0.5pp $587	base $531	+0.5pp $474	+1.0pp $416

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: $54,988
• Closing costs: $6,598
• Reserves months: —
• Total cash needed: —

Rent comps 1 comps

Address	Beds	Baths	Sqft	Rent	$/sqft	DOM	Units	Dist
2600 Netherland Ave Bronx, NY	1.0–3.0	1.0–2.5	1132	$2,775	$2.45	23d	3	0.83mi

HOA detail condo

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

Listing history 7 events

1. 2026-06-02
   status $219,950 Pending 75 DOM
2. 2026-06-01
   days on market $219,950 Active 75 DOM
3. 2026-05-31
   days on market $219,950 Active 74 DOM
4. 2026-03-18
   listed $219,950 Active
5. 2021-05-11
   soldstatus $195,000 Closed 1055-char remark

   Show marketing remark (1055 chars)

   Accepted Offer. Pet-friendly unit in the highly coveted Kingsbridge heights in the 10463 zip code. Come to see this Spectacular Very Rare 1bed 1bath co-op unit that features a warm welcoming foyer and an L-shape living room that leads to the dining area, an open flow kitchen, and BALCONY. This unit is very sunny and is ideally located on a majestic tree-lined street. The Parks, schools, and hospitals are within walking distance. The complex is well managed, has an onsite laundry room and an indoor garage. This unit is a commuters dream. It is right by the BX1 and BX2. It is near the no.1 & no. 4 train and very close to the express bus to Manhattan It is also minutes away from Major Deegan and Henry Hudson Parkway. Location, Location, Location! On top of it all, this wonderful unit is minutes away from the revived shopping district that has Starbucks, Target, BJ's, and other major department stores. Why rent when you can purchase this incredible find. A Do Not Miss! FULLY AVAILABLE. Additional Information: HeatingFuel:Oil Above Ground,

6. 2021-03-10
   status Pending 1055-char remark

   Show marketing remark (1055 chars)

   Accepted Offer. Pet-friendly unit in the highly coveted Kingsbridge heights in the 10463 zip code. Come to see this Spectacular Very Rare 1bed 1bath co-op unit that features a warm welcoming foyer and an L-shape living room that leads to the dining area, an open flow kitchen, and BALCONY. This unit is very sunny and is ideally located on a majestic tree-lined street. The Parks, schools, and hospitals are within walking distance. The complex is well managed, has an onsite laundry room and an indoor garage. This unit is a commuters dream. It is right by the BX1 and BX2. It is near the no.1 & no. 4 train and very close to the express bus to Manhattan It is also minutes away from Major Deegan and Henry Hudson Parkway. Location, Location, Location! On top of it all, this wonderful unit is minutes away from the revived shopping district that has Starbucks, Target, BJ's, and other major department stores. Why rent when you can purchase this incredible find. A Do Not Miss! FULLY AVAILABLE. Additional Information: HeatingFuel:Oil Above Ground,

7. 2021-02-01
   listed $199,000 Active 1055-char remark

   Show marketing remark (1055 chars)

   Accepted Offer. Pet-friendly unit in the highly coveted Kingsbridge heights in the 10463 zip code. Come to see this Spectacular Very Rare 1bed 1bath co-op unit that features a warm welcoming foyer and an L-shape living room that leads to the dining area, an open flow kitchen, and BALCONY. This unit is very sunny and is ideally located on a majestic tree-lined street. The Parks, schools, and hospitals are within walking distance. The complex is well managed, has an onsite laundry room and an indoor garage. This unit is a commuters dream. It is right by the BX1 and BX2. It is near the no.1 & no. 4 train and very close to the express bus to Manhattan It is also minutes away from Major Deegan and Henry Hudson Parkway. Location, Location, Location! On top of it all, this wonderful unit is minutes away from the revived shopping district that has Starbucks, Target, BJ's, and other major department stores. Why rent when you can purchase this incredible find. A Do Not Miss! FULLY AVAILABLE. Additional Information: HeatingFuel:Oil Above Ground,

ⓘ 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 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 3/10 Moderate 3 unhealthy d/yr today · 4 by 30 yrs out

Taxation est. · year 1

• Rental income: $31,153
• − Mortgage interest: −$12,321
• − Property taxes: −$3,299
• − Insurance: −$1,100
• − Repairs & maintenance: −$2,492
• − Management: −$2,492
• − Depreciation: −$6,399
• Taxable income: $3,050
• Est. tax owed @ 24.0%: −$732
• After-tax cash flow: $5,638/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.

Condition & rehab AI · 13 photos

Good 75/100 None rehab

This 1-bedroom, 1-bath condo is in good condition with a well-maintained exterior and interior. It has a good location and is pet-friendly, making it a great investment opportunity.

Value-add opportunities

• Resale Paint the exterior walls — Painting the exterior walls can improve the curb appeal and make the property look more attractive to potential buyers.
• Rental Clean the gutters and downspouts — Clean gutters and downspouts can prevent water damage and improve the overall appearance of the property.
• Both Inspect and clean the HVAC system — A clean and functioning HVAC system is essential for both resale and rental value, as it ensures a comfortable living environment and reduces energy costs.

Renovation cost estimate screening

Value-add ROI direction

• Resale Paint the exterior walls — Painting the exterior walls can improve the curb appeal and make the property look more attractive to potential buyers. ↑
• Rental Clean the gutters and downspouts — Clean gutters and downspouts can prevent water damage and improve the overall appearance of the property. ↑
• Both Inspect and clean the HVAC system — A clean and functioning HVAC system is essential for both resale and rental value, as it ensures a comfortable living environment and reduces energy costs. ↑

ⓘ Cost ranges are severity-bucket heuristics (US national rule-of-thumb). Get contractor quotes + a written scope before underwriting a rehab budget.

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): 69,470
• Household income: $74,974
• Rent vs Own: 64.6% rent · 35.4% own
• Severe rent burden: 5586.0

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: Diverse neighborhood (Simpson 0.65)
• Race & ethnicity: Hispanic / Latino 50% White 30% Two or more races 17% Black 12% Asian 4% Native American 2%
• Hispanic origin (detail): Mexican 3% Puerto Rican 12% Cuban 1% Dominican 25%
• Common ancestry: Scotch-Irish 3% Romanian 2% Lithuanian 1%
• Foreign-born: 30% · Canada, Jamaica, China
• Languages at home: 50% English-only · Spanish 40% Other Indo-European 3% Russian/Polish/Slavic 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: ▼ -294.75%
• Current HPI: 168.0211
• Rent YoY: ▲ 11.60%
• 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

+10.5% since first listed

4 events — show timeline

• 2026-03-18 Listed $219,950 OneKey® MLS as Distributed by MLS Grid
• 2021-05-11 Sold (MLS) $195,000 OneKey® MLS as Distributed by MLS Grid
• 2021-03-10 Pending — OneKey® MLS as Distributed by MLS Grid
• 2021-02-01 Listed $199,000 OneKey® MLS as Distributed by MLS Grid