208 Centre Ave Unit 4B · New Rochelle, NY 10805

$90,000

2 bd · 1.0 ba · 750 sqft · Condo · 361 Days on market

Built 1928

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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 +30.0/30.0
• 1% rule +10.0/10.0
• DSCR +10.0/10.0
• ARV discount +7.5/15.0
• Schools +5.7/10.0
• Appreciation +4.3/10.0
• Livability +3.5/5.0
• Rent growth +2.5/5.0
• Condition / age +2.5/5.0

Listing remarks

Elegant New Rochelle Co-op building. This apartment offers 2 bedrooms, 1 full Bath, dining room & kitchen. Close to train, schools, shopping. Fast growing city with lots of restaurants and night life.

Key facts

• Built 1928
• Listed 361 days

🏢 Co-op / cooperative unit. The $90,000 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 2-bed/1.0-bath condo listed at $90k.

Deal economics

• At list price, monthly cash flow is $2k ($21k/yr) — positive.
• The deal already cash-flows at list — no discount required.
• Meets the 1% rule at list price ($3k rent vs $90k).
• Recommended offer: $79k (12.0% below list) — sets the bar for market timing.
• Cap rate 29.9% vs local median 4.5% in New Rochelle — 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 69/100 on livability (#487 in NY) — a middle-class / working-renter tenant base. Strengths: employment A+, crime A, amenities B+; Watch: housing D+, commute F, cost of living F.
• New Rochelle City School District (suburban): math 63% / reading 66% proficiency, ranked #171 of 590 in NY (top 29%) — acceptable for families but not a draw, mixed tenant base, ~2y average lease.
• Zoned schools: Trinity Elementary School (math 40% / reading 47%, grade F, #1,350 of 2,108 statewide, top 64%, 863 students, 66% FRL); Isaac E Young Middle School (math 47% / reading 62%, grade B-, #214 of 729 statewide, top 31%, 1,138 students, 76% FRL); New Rochelle High School (math 87% / reading 72%, grade A-, #518 of 1,100 statewide, top 51%, 3,076 students, 57% FRL) — zoned schools average 67% FRL vs 41% district-wide (26 pts higher); higher-poverty schools than district average — tighter screening recommended.
• Market conditions: 84 active listings in the ZIP; 40 comparable units currently listed for rent nearby; rentals leasing fast (median 7d on market — plan ~1-2 weeks tenant-placement turnaround); solid renter incomes; 954 units permitted in Westchester County in 2024 (649 in 5+ unit buildings).
• This rent runs 36% of the median local income ($102k/yr) — at the standard rent-burdened threshold; future hikes will face affordability resistance.

Forward outlook

• Local home prices are declining (-1.5%/yr); year-one equity from $622 of loan paydown is wiped out by about $1k of value loss. Plan a longer hold.
• Westchester County population projected at +10% by 2050 — modest demand growth; plan on rents tracking national, not racing it.
• At projected returns (-1.5% appreciation + 3.0% rent growth), your $25k cash investment doubles in ~2 years — after that, you're playing with house money.

Negotiation context

• It's been on market 361 days — a 12% lower offer ($79k) is reasonable based on typical stale-listing flexibility.
• 22 sale attempts since 27y ago; this cycle's ask has dropped $30k (25%) from the opening price — seller is motivated, your offer sets the floor, not the list.

Risks & watch-outs

• Watch-outs: built in 1928 — expect roof / HVAC / electrical / plumbing capex.
• 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 $79,200 (12.0% below list)

Questions for the listing agent

1. It's been on market 361 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 1928 — 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. 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.
7. 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.
8. 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: 3.36% ✓
• Cap rate: 29.90%
• Cash-on-cash: 84.29%
• DSCR: 4.75
• GRM: 2.5

CMA / ARV

No comps found within radius.

Projected returns pro-forma

-1.48% appreciation · 3.0% rent growth · sell at horizon

5-year hold

• IRR: 85.7%
• Equity multiple: 5.13×
• Total profit: $104,094
• Equity at exit: $19,683

10-year hold

• IRR: 88.0%
• Equity multiple: 10.58×
• Total profit: $241,400
• Equity at exit: $18,975

Cash invested: $25,200 (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 10805

• Home prices YoY: -0.5%
• Active inventory: 84
• Price-to-rent: 2.5×

Monthly cashflow live

• Estimated rent: $3,028 high
• Mortgage (P&I): −$472
• Tax est. 1.5%: −$112 /mo · $1,350/yr
• Insurance: −$38
• HOA: −$0
• Vacancy / Maint / Mgmt: −$636
• Net cashflow: $1,770

Break-even live

Break-even rent $787

Max offer price $90,000

Occupancy floor 37%

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: $22,500
• Closing costs: $2,700
• Reserves months: —
• Total cash needed: —

Rent comps 40 comps

Address	Beds	Baths	Sqft	Rent	$/sqft	DOM	Units	Dist
79 S Division St Unit 3 New Rochelle, NY	2.0	1.0	800	$2,600	$3.25	3d	1	0.13mi
50 Clinton Pl New Rochelle, NY	2.0	1.0–2.0	844	$7,811	$9.25	1d	31	0.24mi
111 Centre Ave New Rochelle, NY	1.0–2.0	1.0–2.0	787	$3,987	$5.07	1d	17	0.27mi
230 Pelham Rd Unit 6F New Rochelle, NY	1.0	1.0	800	$1,995	$2.49	43d	1	0.27mi
220 Pelham Rd New Rochelle, NY	1.0–2.0	1.0	862	$2,595	$3.01	1d	2	0.27mi
220 Pelham Rd Unit 5E New Rochelle, NY	2.0	1.0	1000	$2,595	$2.60	7d	1	0.27mi
220 Pelham Rd New Rochelle, NY	1.0–2.0	1.0	900	$2,595	$2.88	11d	2	0.27mi
55 Clinton Pl New Rochelle, NY	2.0	1.0–2.0	910	$5,214	$5.73	1d	28	0.28mi
25 Maple Ave New Rochelle, NY	2.0	1.0–2.0	748	$3,897	$5.21	4d	12	0.28mi
12 Church St New Rochelle, NY	2.0	1.0–2.0	770	$4,540	$5.90	3d	50	0.33mi
46 Locust Ave Unit 2 New Rochelle, NY	2.0	1.0	750	$2,950	$3.93	19d	1	0.35mi
360 Huguenot St New Rochelle, NY	2.0	1.0–2.0	764	$3,780	$4.94	1d	15	0.35mi
543 Main St #402 New Rochelle, NY	1.0	1.0	924	$3,000	$3.25	15d	1	0.36mi
387 Huguenot St New Rochelle, NY	2.0	1.0–2.0	753	$3,575	$4.75	4d	6	0.37mi
333 Huguenot St New Rochelle, NY	2.0	1.0–2.0	853	$4,785	$5.61	2d	12	0.40mi
40 Memorial Hwy New Rochelle, NY	3.0	1.0–2.0	917	$4,192	$4.57	1d	51	0.41mi
325 Huguenot St New Rochelle, NY	1.0–2.0	1.0–2.0	989	$4,625	$4.68	5d	8	0.42mi
3 Davenport Ave New Rochelle, NY	1.0	1.0	821	$2,099	$2.56	6d	1	0.43mi
10 Lecount Pl New Rochelle, NY	2.0	1.0–2.0	740	$5,113	$6.90	1d	14	0.44mi
1 Shearwood Pl New Rochelle, NY	3.0	1.0–2.0	896	$3,631	$4.05	2d	31	0.50mi
12 Russell Ave Apt 2 New Rochelle, NY	2.0	1.0	800	$2,350	$2.94	7d	1	0.59mi
7 Lanecrest Ave New Rochelle, NY	2.0	1.0	1100	$2,690	$2.45	17d	1	0.61mi
504 Pelham Rd New Rochelle, NY	1.0	1.0	700	$2,300	$3.29	13d	1	0.65mi
20 Burling Ln New Rochelle, NY	1.0	1.0	725	$3,110	$4.29	10d	10	0.67mi
10 Commerce Dr New Rochelle, NY	2.0	1.0–2.0	792	$3,812	$4.81	1d	11	0.70mi
194 Webster Ave Unit 1 New Rochelle, NY	3.0	1.0	1050	$3,500	$3.33	43d	1	0.76mi
11 Park Pl New Rochelle, NY	1.0	1.0	1015	$2,700	$2.66	43d	1	0.80mi
245 Main St Unit 1 New Rochelle, NY	1.0	1.0	750	$1,750	$2.33	17d	1	0.83mi
29 Pratt St Unit 2 New Rochelle, NY	2.0	1.0	800	$2,600	$3.25	43d	1	0.87mi
3 Harbor Ln Unit 3A New Rochelle, NY	1.0	1.0	700	$2,500	$3.57	24d	1	0.87mi
36 4th St Unit One New Rochelle, NY	2.0	1.0	900	$2,900	$3.22	4d	1	0.90mi
139 Sickles Ave Unit 2 New Rochelle, NY	2.0	1.5	1000	$3,100	$3.10	20d	1	0.95mi
49 5th St Apt 8 New Rochelle, NY	2.0	1.0	800	$2,429	$3.04	43d	1	0.97mi
49 5th St Apt 8 New Rochelle, NY	2.0	1.0	800	$2,429	$3.04	13d	1	0.97mi
299 Webster Ave Unit 3F New Rochelle, NY	1.0	1.0	861	$2,385	$2.77	43d	1	0.97mi
666 Pelham Rd Apt 3A New Rochelle, NY	1.0	1.0	750	$2,350	$3.13	43d	1	0.99mi
965 Main St Unit 2 New Rochelle, NY	2.0	1.0	825	$2,995	$3.63	7d	1	1.02mi
274 Lockwood Ave Unit First floor New Rochelle, NY	2.0	1.0	908	$2,700	$2.97	43d	1	1.02mi
225 Sickles Ave Unit 1 New Rochelle, NY	1.0	1.0	750	$2,600	$3.47	43d	1	1.05mi
133 Lincoln Ave Unit 1 New Rochelle, NY	3.0	1.0	1112	$6,500	$5.85	2d	1	1.09mi

HOA detail condo

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

Listing history 50 events

1. 2025-09-30
   status Pending
2. 2025-09-29
   status Active
3. 2024-02-13
   status Pending
4. 2024-01-18
   price $90,000
5. 2023-11-01
   price $94,900
6. 2023-07-01
   price $99,900
7. 2023-04-26
   price $101,500
8. 2023-04-04
   status Active
9. 2023-03-21
   status Pending
10. 2023-02-07
    price $109,900
11. 2023-02-03
    listed $119,900 Active
12. 2016-05-10
    historical Withdrawn
13. 2015-09-30
    historical
14. 2015-09-22
    historical Pending
15. 2015-09-01
    status Active
16. 2015-09-01
    historical Expired
17. 2015-08-03
    status Active
18. 2015-07-10
    historical Temporarily off Market
19. 2015-06-29
    status Active
20. 2015-06-12
    historical Pending
21. 2015-06-02
    status Active
22. 2015-05-24
    historical Expired
23. 2015-04-25
    status Active
24. 2015-04-17
    historical Temporarily off Market
25. 2015-04-08
    status Active
26. 2015-04-01
    historical Pending
27. 2015-03-12
    status Active
28. 2015-03-09
    historical Pending
29. 2015-02-26
    price
30. 2015-02-26
    price
31. 2015-02-20
    listed Active
32. 2015-02-19
    listed $62,500
33. 2014-12-24
    historical Expired
34. 2014-12-23
    historical
35. 2014-12-23
    price
36. 2014-12-20
    status Active
37. 2014-06-10
    price Active
38. 2014-06-10
    status Active
39. 2014-06-10
    historical Pending
40. 2014-04-29
    historical Pending
41. 2014-04-16
    listed Active
42. 2014-04-16
    listed $55,700
43. 2014-01-27
    price $144,000
44. 2013-12-27
    historical Cancelled
45. 2013-12-27
    historical
46. 2013-10-15
    price Active
47. 2013-10-15
    status Active
48. 2013-10-15
    historical Pending
49. 2013-09-01
    historical
50. 2013-06-28
    historical Pending

ⓘ 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 ≥98°F today · 15 d/yr by 30 yrs out
• 💨 Wind 6/10 Major 27% chance of damaging wind over 30 yrs
• 🫁 Air quality 5/10 Major 6 unhealthy d/yr today · 8 by 30 yrs out

Taxation est. · year 1

• Rental income: $36,337
• − Mortgage interest: −$5,041
• − Property taxes: −$1,350
• − Insurance: −$450
• − Repairs & maintenance: −$2,907
• − Management: −$2,907
• − Depreciation: −$2,618
• Taxable income: $21,063
• Est. tax owed @ 24.0%: −$5,055
• After-tax cash flow: $16,187/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: New Rochelle City School District
• NCES district ID: 3620490
• Math proficiency: 63% ▲ 3.00%
• Reading proficiency: 66% ▲ 9.00%
• Median HH income: $69,165
• Composite: 56.63/100
• National rank: #1139
• State rank: #171 of 590 in NY

Livability — New Rochelle

• Score: 69/100
• State rank: #487
• US rank: #8572

Category grades

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

Schools grade is shown separately in the Schools card above.

Census & demographics

• Census place: New Rochelle, NY
• County: Westchester County · 709,332 people
• City population: 63,657
• Metro: New York-Newark-Jersey City, NY-NJ-PA
• Population (ZIP): 20,903
• Household income: $102,109
• Rent vs Own: 53.9% rent · 46.1% own
• Severe rent burden: 961.0

Population outlook (Westchester County) Hauer SSP2

• Today (2025): 1,028,035 people
• By 2030: 1,051,636 · +2.3%
• By 2040: 1,098,520 · +6.9%
• By 2050: 1,136,044 · +10.5%
• By 2075: 1,196,925 · +16.4%
• By 2100: 1,175,147 · +14.3%

Race, ethnicity, and origin ACS 2023

• Neighborhood character: Diverse neighborhood (Simpson 0.67)
• Race & ethnicity: Hispanic / Latino 39% White 38% Black 17% Two or more races 13% Asian 4%
• Hispanic origin (detail): Mexican 15% Puerto Rican 11% Dominican 2%
• Common ancestry: Romanian 2% Russian 1% Scotch-Irish 1%
• Foreign-born: 32% · Canada, Jamaica, South Korea
• Languages at home: 54% English-only · Spanish 32% Other Indo-European 7% German/W. Germanic 2%

Political lean MEDSL · Westchester

• 2024 margin: Strong D (+26.3) · D 63.1% · R 36.9%
• 2008→2024 swing: -1.3pp toward R · 2008: 27.6pp · 2024: 26.3pp
• All cycles: 2024: D+26.3 2020: D+36.3 2016: D+32.8 2012: D+22.2 2008: D+27.6

Not yet ingested

• Civics: —

Market trends

• HPI YoY: ▼ -1.48%
• Current HPI: 278.8511
• 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

+291.3% since first listed

65 events — show timeline

• 2025-09-30 Pending — OneKey® MLS as Distributed by MLS Grid
• 2025-09-29 Relisted — OneKey® MLS as Distributed by MLS Grid
• 2024-02-13 Pending — OneKey® MLS as Distributed by MLS Grid
• 2024-01-18 Price Changed $90,000 OneKey® MLS as Distributed by MLS Grid
• 2023-11-01 Price Changed $94,900 OneKey® MLS as Distributed by MLS Grid
• 2023-07-01 Price Changed $99,900 OneKey® MLS as Distributed by MLS Grid
• 2023-04-26 Price Changed $101,500 OneKey® MLS as Distributed by MLS Grid
• 2023-04-04 Relisted — OneKey® MLS as Distributed by MLS Grid
• 2023-03-21 Pending — OneKey® MLS as Distributed by MLS Grid
• 2023-02-07 Price Changed $109,900 OneKey® MLS as Distributed by MLS Grid
• 2023-02-03 Listed $119,900 OneKey® MLS as Distributed by MLS Grid
• 2016-05-10 Delisted — HGMLS
• 2015-09-30 Listing Removed — OneKey® MLS as Distributed by MLS Grid
• 2015-09-22 Contingent — HGMLS
• 2015-09-01 Relisted — HGMLS
• 2015-09-01 Delisted — HGMLS
• 2015-08-03 Relisted — HGMLS
• 2015-07-10 Delisted — HGMLS
• 2015-06-29 Relisted — HGMLS
• 2015-06-12 Contingent — HGMLS
• 2015-06-02 Relisted — HGMLS
• 2015-05-24 Delisted — HGMLS
• 2015-04-25 Relisted — HGMLS
• 2015-04-17 Delisted — HGMLS
• 2015-04-08 Relisted — HGMLS
• 2015-04-01 Contingent — HGMLS
• 2015-03-12 Relisted — HGMLS
• 2015-03-09 Contingent — HGMLS
• 2015-02-26 Price Changed — HGMLS
• 2015-02-26 Price Changed — HGMLS
• 2015-02-20 Listed — HGMLS
• 2015-02-19 Listed $62,500 OneKey® MLS as Distributed by MLS Grid
• 2014-12-24 Delisted — HGMLS
• 2014-12-23 Listing Removed — OneKey® MLS as Distributed by MLS Grid
• 2014-12-23 Price Changed — HGMLS
• 2014-12-20 Relisted — HGMLS
• 2014-06-10 Contingent — HGMLS
• 2014-06-10 Relisted — HGMLS
• 2014-06-10 Price Changed — HGMLS
• 2014-04-29 Contingent — HGMLS
• 2014-04-16 Listed — HGMLS
• 2014-04-16 Listed $55,700 OneKey® MLS as Distributed by MLS Grid
• 2014-01-27 Price Changed $144,000 HGMLS
• 2013-12-27 Delisted — HGMLS
• 2013-12-27 Listing Removed — OneKey® MLS as Distributed by MLS Grid
• 2013-10-15 Relisted — HGMLS
• 2013-10-15 Price Changed — HGMLS
• 2013-10-15 Contingent — HGMLS
• 2013-09-01 Delisted — HGMLS
• 2013-06-28 Contingent — HGMLS
• 2013-05-17 Price Changed — HGMLS
• 2013-04-15 Price Changed — HGMLS
• 2013-03-04 Listed — HGMLS
• 2013-03-01 Listed $80,000 OneKey® MLS as Distributed by MLS Grid
• 2012-02-29 Delisted — HGMLS
• 2011-10-26 Price Changed — HGMLS
• 2011-10-05 Price Changed — HGMLS
• 2011-09-11 Listed — HGMLS
• 2004-09-28 Sold (MLS) $148,000 HGMLS
• 2004-06-21 Delisted — HGMLS
• 2004-05-14 Listed $148,000 HGMLS
• 2000-03-03 Sold (MLS) $23,000 HGMLS
• 2000-02-02 Price Changed $39,900 HGMLS
• 2000-02-02 Delisted — HGMLS
• 1999-11-14 Listed $23,000 HGMLS