11 White St · New York, NY 10305

$798,888

4 bd · 10.0 ba · 2,005 sqft · MultiFamily public records · 98 Days on market

Built 1988 2,499 sqft lot Est $830k · at est. ↓ 6% since listing

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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 +13.3/30.0
• ARV discount +9.2/15.0
• Schools +5.0/10.0
• Rent growth +4.4/5.0
• DSCR +4.0/10.0
• Livability +3.8/5.0
• 1% rule +3.0/10.0
• Condition / age +2.5/5.0
• Appreciation +0.0/10.0

Multi-family units

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

Listing remarks

Semi-attached two-family home located in Rosebank offering nice curb appeal with new roof and new siding. The property features a functional multi-level layout with separate living spaces, making it ideal for an end-user seeking rental income or an investor looking for value-add potential. The main unit includes a garage and storage on the first level with interior access. The second level offers a kitchen, combined living and dining area, half bath, and sliding glass doors leading to a rear deck. The third floor features two generously sized bedrooms and a full bathroom. The second unit is a one-bedroom, one-bath apartment with a separate side entrance. Conveniently located near transporta

Key facts

• New siding
• Sliding glass doors
• Multi-level layout

Tags

• NEW ROOF
• NEW SIDING
• MULTI-LEVEL LAYOUT
• SEPARATE LIVING SPACES
• GARAGE AND STORAGE
• SLIDING GLASS DOORS

What this means for you Summary

Snapshot

• This is a 2 × 2-bed/5.0-bath units multifamily listed at $799k.

Deal economics

• At list price, monthly cash flow is $-60 ($-718/yr) — negative. Per door: $-30/mo.
• To cash-flow at today's rent, offer at most $788k (1.3% below list).
• To meet the 1% rule (rent ≥ 1% of price), the offer needs to be $637k (20.3% below list).
• Recommended offer: $637k (20.3% below list) — sets the bar for 1% rule.
• Cap rate 6.3% 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.
• Zoned schools: Elm Tree Elementary School (math 27% / reading 52%, grade F, #1,444 of 2,108 statewide, top 71%, 806 students, 94% 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: Rents rising fast (+7.5%/yr); 257 active listings in the ZIP; 2 comparable units currently listed for rent nearby; solid renter incomes; 480 units permitted in Richmond County in 2024 (22 in 5+ unit buildings).
• At $6,366/mo this rent would consume 92% of the median local household income ($83k/yr) (locally 1647% 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 $6k of loan paydown is wiped out by about $24k of value loss. Plan a longer hold.
• Richmond County population projected to shrink 5% by 2050 — rents likely to lag national; underwrite the cash flow, not the appreciation.

Negotiation context

• It's been on market 98 days — a 9% lower offer ($727k) is reasonable based on typical stale-listing flexibility.

Risks & watch-outs

• Watch-outs: flood insurance adds $66/mo.
• Climate carrying-cost: major flood risk; major wind risk, 64% chance of damaging wind over 30y; extreme-heat days projected 7→16/yr by 2055 (HVAC capex compounding) — expect insurance premiums to compound above CPI over the hold.

Recommended offer $636,600 (20.3% 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 98 days. Have you received any prior offers? Is the seller open to a 20% concession, seller financing, or rate buy-down credit?
3. Can we see the unit-by-unit rent roll, current vacancy, and any below-market leases? What's the average tenancy length?
4. What capital expenditures (roof, boiler, parking lot, exteriors) have been made in the last 5 years, and what's planned in the next 2?
5. What's the actual annual flood-insurance premium (NFIP or private), and is the property in a SFHA with mandatory coverage?
6. Why hasn't it sold? Are there any deal-killer items the seller is aware of (foundation, flood, title, zoning, code violations)?
7. Is there a deadline driving the sale (1031 exchange, divorce, estate, relocation)? That informs how much negotiation room exists.
8. 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?
9. 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?
10. 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?
11. 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.
12. 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.
13. 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: 0.80% ✗
• Cap rate: 6.30%
• Cash-on-cash: 0.04%
• DSCR: 1.00
• GRM: 10.5

CMA / ARV

• ARV (on-the-fly): $830,070
• Comps found: 9

Show comp detail 9 sales within ~0.75 mi

Address	Dist	Beds/Ba	Sqft	Sold	Price	$/sf	Match
11 Lyman Ave	0.40mi	5/3.0 (+1)	2,012 (+0%)	2mo	$1,090,000	$542	60
1206 Bay St	0.07mi	4/3.0	1,773 (-12%)	4mo	$825,000	$465	54
301 Maryland Ave	0.34mi	3/1.0 (-1)	1,977 (-1%)	12mo	$850,000	$430	52
443 Home Ave	0.29mi	5/2.0 (+1)	1,908 (-5%)	10mo	$790,000	$414	50
243 Tompkins Ave	0.68mi	3/3.5 (-1)	2,006 (0%)	2mo	$660,000	$329	47
50 Hope Ave	0.20mi	5/2.0 (+1)	2,295 (+14%)	2mo	$770,000	$336	45
241 Tompkins Ave	0.69mi	4/2.5	2,016 (+0%)	6mo	$700,000	$347	42
28 White Plains Ave	0.51mi	4/2.0	1,737 (-13%)	13mo	$810,000	$466	23
58 Vanderbilt Ave	0.74mi	5/2.5 (+1)	2,272 (+13%)	10mo	$780,000	$343	15

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

Projected returns pro-forma

-3.0% appreciation · 7.5% rent growth · sell at horizon

5-year hold

• IRR: -12.3%
• Equity multiple: 0.54×
• Total profit: $-103,307
• Equity at exit: $119,117

10-year hold

• IRR: 2.1%
• Equity multiple: 1.18×
• Total profit: $40,138
• Equity at exit: $69,073

Cash invested: $223,689 (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 10305

• Rents YoY: 7.5%
• Active inventory: 257
• Price-to-rent: 20.9×

Monthly cashflow live

• Estimated rent: $6,366 medium
• Mortgage (P&I): −$4,189
• Tax from tax record: −$500 /mo · $6,003/yr
• Insurance: −$333
• Flood insurance flood zone: −$66 /mo · $798/yr
• HOA: −$0
• Vacancy / Maint / Mgmt: −$1,337
• Net cashflow: $-60

Break-even live

Break-even rent $6,442

Max offer price $788,311

Occupancy floor 96%

Sensitivity live

Price	-10% $392	-5% $166	+0% $-60	+5% $-286	+10% $-512
Rent	-10% $-563	-5% $-311	+0% $-60	+5% $192	+10% $443
Rate	-1.0pp $342	-0.5pp $143	base $-60	+0.5pp $-267	+1.0pp $-477

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

Units	Beds	Baths	Est. rent
▸ 2× units	2	5	$6,366
Total (2 units)			$6,366

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: $199,722
• Closing costs: $23,967
• Reserves months: —
• Total cash needed: —

Rent comps 2 comps

Address	Beds	Baths	Sqft	Rent	$/sqft	DOM	Units	Dist
64 Claradon Ln Staten Island, NY	3.0	2.5	1976	$3,500	$1.77	10d	1	0.76mi
17 Cunard Ave Staten Island, NY	3.0	2.0	1700	$3,650	$2.15	27d	1	1.15mi

Listing history 3 events

1. 2026-04-28
   status Pending
2. 2026-01-18
   listed $798,888 Active
3. 2023-01-18
   price $850,000

ⓘ 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: $6,003 · $500/mo
• Projected year-2 tax: $9,752 · $813/mo
• Expected delta: +$3,749/yr (+$312/mo · 62.5%)

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

Climate risk First Street

• 🌊 Flood 7/10 Severe FEMA zone X (unshaded) · 77% chance over 30 yrs
• 🔥 Wildfire 1/10 Low
• 🌡 Heat 7/10 Severe 7 d/yr ≥98°F today · 16 d/yr by 30 yrs out
• 💨 Wind 6/10 Major 64% chance of damaging wind over 30 yrs
• 🫁 Air quality 4/10 Moderate 5 unhealthy d/yr today · 7 by 30 yrs out

Taxation est. · year 1

• Rental income: $76,392
• − Mortgage interest: −$44,750
• − Property taxes: −$6,003
• − Insurance: −$4,792
• − Repairs & maintenance: −$6,111
• − Management: −$6,111
• − Depreciation: −$23,240
• Taxable loss: −$14,616
• Est. tax savings @ 24.0%: +$3,508
• After-tax cash flow: $2,789/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: Richmond County · 404,174 people
• City population: 7,731,280
• Metro: New York-Newark-Jersey City, NY-NJ-PA
• Population (ZIP): 41,270
• Household income: $83,413
• Rent vs Own: 35.1% rent · 64.9% own
• Severe rent burden: 1647.0

Population outlook (Richmond County) Hauer SSP2

• Today (2025): 482,784 people
• By 2030: 481,831 · -0.2%
• By 2040: 473,159 · -2.0%
• By 2050: 457,242 · -5.3%
• By 2075: 408,029 · -15.5%
• By 2100: 341,459 · -29.3%

Race, ethnicity, and origin ACS 2023

• Neighborhood character: Diverse neighborhood (Simpson 0.60)
• Race & ethnicity: White 58% Asian 21% Hispanic / Latino 15% Two or more races 7% Black 3%
• Hispanic origin (detail): Mexican 4% Puerto Rican 8%
• Common ancestry: Scotch-Irish 5% Romanian 4% Subsaharan African 2%
• Foreign-born: 36% · China, Canada, Jamaica
• Languages at home: 52% English-only · Chinese 13% Russian/Polish/Slavic 12% Other Indo-European 8%

Political lean MEDSL · Richmond

• 2024 margin: Strong R (+29.8) · D 35.1% · R 64.9%
• 2008→2024 swing: -25.7pp toward R · 2008: -4.0pp · 2024: -29.8pp
• All cycles: 2024: R+29.8 2020: R+14.9 2016: R+16.8 2012: D+0.8 2008: R+4.0

Not yet ingested

• Civics: —

Market trends

• HPI YoY: ▼ -487.06%
• Current HPI: 342.7938
• Rent YoY: ▲ 7.50%
• 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

-6.0% since first listed

3 events — show timeline

• 2026-04-28 Pending — SIBORMLS
• 2026-01-18 Listed $798,888 SIBORMLS
• 2023-01-18 Price Changed $850,000 BNYMLS

Property tax history

+4.2%/yr

Latest (2025): $6,003 · +6.3% YoY. Source: county tax records.