480 Riverdale Ave Unit 1B · Yonkers, NY 10705

$219,888

2 bd · 1.5 ba · 175,665 sqft · Condo · 55 Days on market

Built 1958

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Why this score? — see what drove the F 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).

• 1% rule +7.9/10.0
• ARV discount +7.5/15.0
• Rent growth +4.8/5.0
• Schools +4.1/10.0
• Livability +3.4/5.0
• Condition / age +2.5/5.0
• Cash flow +0.0/30.0
• DSCR +0.0/10.0
• Appreciation +0.0/10.0

Listing remarks MLS

Wonderful two bedroom unit with updated kitchen in pet-friendly Valentine Manor! This first floor unit has a lot of natural light and tons of potential, the bathrooms were retiled about five years ago. The large living room offers plenty of space and has room for a designated dining area. There is a communal laundry room and fitness center in the basement of the building which is very secure. Close to shops, Metro North, buses and parks.

Key facts

• Garage
• Built 1958
• Listed 54 days

Property features AI

Exterior

• Parking: Garage parking; On-street parking available; No carport
• Utilities: Electricity available (Con-Edison); Natural gas available; Public sewer; Water available
• Home design: Stock cooperative; Entry level: 1
• Construction: Brick construction
• Exterior features: Brick construction; Not waterfront

Interior

• Kitchen: Stainless steel appliances
• Bedrooms: Bedroom on the first floor
• Bathrooms: One full bathroom; One half bathroom
• Heating & cooling: Natural gas heating; Wall/window air conditioning units
• Interior features: First-floor bedroom; Common-area basement; Five total rooms; Pets allowed with size limits
• Laundry & utility: Common area laundry

What this means for you Summary

Snapshot

• This is a 2-bed/1.5-bath condo listed at $220k.

Deal economics

• At list price, monthly cash flow is $-132k ($-1.59M/yr) — negative.
• The deal already cash-flows at list — no discount required.
• Meets the 1% rule at list price ($3k rent vs $220k).
• Recommended offer: $213k (3.0% below list) — sets the bar for market timing.
• Cap rate -715.6% vs local median 5.3% in Yonkers — below-typical yield; the buyer is paying a premium for something (appreciation thesis, condition, location) that the cap rate doesn't capture.

Location & tenants

• Location reads 68/100 on livability (#528 in NY) — a middle-class / working-renter tenant base. Strengths: employment A, commute B; Watch: amenities F, cost of living F.
• Yonkers City School District (suburban): math 41% / reading 54% proficiency, ranked #413 of 590 in NY (top 70%) — families likely to look elsewhere, expect single-tenant / working-renter base with shorter leases; 64% free/reduced lunch — lower-income household profile, screen leases tightly.
• Zoned schools: Yonkers Early Childhood Academy (327 students, 72% FRL); Yonkers Middle School (math 17% / reading 37%, grade F, #587 of 729 statewide, top 81%, 601 students, 88% FRL); Yonkers High School (math 92% / reading 88%, grade A+, #238 of 1,100 statewide, top 23%, 1,060 students, 76% FRL) — zoned schools average 79% FRL vs 64% district-wide (15 pts higher); higher-poverty schools than district average — tighter screening recommended.
• Market conditions: Rents rising fast (+9.0%/yr); 86 active listings in the ZIP; 954 units permitted in Westchester County in 2024 (649 in 5+ unit buildings).
• At $2,846/mo this rent would consume 50% of the median local household income ($68k/yr) (locally 2783% 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.
• Westchester County population projected at +10% by 2050 — modest demand growth; plan on rents tracking national, not racing it.

Negotiation context

• It's been on market 55 days — a 3% lower offer ($213k) is reasonable based on typical stale-listing flexibility.
• 6 sale attempts since 26y ago; this cycle's ask has dropped $30k (12%) from the opening price — seller is motivated, your offer sets the floor, not the list.

Risks & watch-outs

• Watch-outs: HOA is 4674% of rent; built in 1958 — 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 $213,291 (3.0% 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 55 days. Have you received any prior offers? Is the seller open to a 3% concession, seller financing, or rate buy-down credit?
3. Built in 1958 — when were the roof, HVAC, electrical panel, plumbing, and water heater last replaced?
4. What does the HOA fee cover, when was the last increase, and are there any pending special assessments or reserve-fund shortfalls?
5. 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?
6. Is there a deadline driving the sale (1031 exchange, divorce, estate, relocation)? That informs how much negotiation room exists.
7. 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?
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: 1.29% ✓
• Cap rate: -715.62%
• Cash-on-cash: -2578.26%
• DSCR: -113.72
• 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: —
• Equity multiple: -134.85×
• Total profit: $-8,364,008
• Equity at exit: $32,786

10-year hold

• IRR: —
• Equity multiple: -286.99×
• Total profit: $-17,731,334
• Equity at exit: $19,012

Cash invested: $61,569 (down + closing). Projections, not guarantees.

Landlord ↔ Tenant lean methodology

• Overall (CITY): 5 Strongly Tenant-Friendly
• State New York: 15 Strongly Tenant-Friendly · D+10
• County: — inherits STATE
• City Yonkers: 5 Strongly Tenant-Friendly · D+20

Westchester rent guidelines board.

Methodology + full state rankings →

ZIP-level market 10705

• Rents YoY: 9.0%
• Active inventory: 86
• Price-to-rent: 6.4×

Monthly cashflow live

• Estimated rent: $2,846 medium
• Mortgage (P&I): −$1,153
• Tax est. 1.5%: −$275 /mo · $3,298/yr
• Insurance: −$92
• HOA est. from 1 same-building comp: −$133,012
• Vacancy / Maint / Mgmt: −$598
• Net cashflow: $-132,284

Break-even live

Break-even rent $170,293

Max offer price —

Occupancy floor —

Sensitivity live

Price	-10% $-132,132	-5% $-132,208	+0% $-132,284	+5% $-132,359	+10% $-132,435
Rent	-10% $-132,508	-5% $-132,396	+0% $-132,284	+5% $-132,171	+10% $-132,059
Rate	-1.0pp $-132,173	-0.5pp $-132,228	base $-132,284	+0.5pp $-132,340	+1.0pp $-132,398

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: $54,972
• Closing costs: $6,597
• Reserves months: —
• Total cash needed: —

HOA detail condo

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

Listing history 33 events

1. 2026-06-21
   days on market $219,888 Active 55 DOM
2. 2026-06-18
   price $219,888 Active 52 DOM
3. 2026-06-18
   days on market $220,888 Active 52 DOM
4. 2026-06-17
   days on market $220,888 Active 51 DOM
5. 2026-06-16
   days on market $220,888 Active 50 DOM
6. 2026-06-15
   days on market $220,888 Active 49 DOM
7. 2026-06-13
   days on market $220,888 Active 47 DOM
8. 2026-06-09
   days on market $220,888 Active 43 DOM
9. 2026-06-08
   pricedays on market $220,888 Active 42 DOM
10. 2026-06-07
    pricedays on market $224,888 Active 41 DOM
11. 2026-06-04
    days on market $225,888 Active 38 DOM
12. 2026-06-03
    days on market $225,888 Active 37 DOM
13. 2026-06-02
    days on market $225,888 Active 36 DOM
14. 2026-06-02
    price $225,888 Active 35 DOM
15. 2026-06-01
    days on market $228,888 Active 35 DOM
16. 2026-05-31
    days on market $228,888 Active 34 DOM
17. 2026-05-11
    price $248,888 1517-char remark
18. 2026-05-06
    price $249,888 1517-char remark
19. 2026-03-30
    listed $249,999 Active 1517-char remark
20. 2022-06-14
    soldstatus $195,000 Closed 441-char remark

    Show marketing remark (441 chars)

    Wonderful two bedroom unit with updated kitchen in pet-friendly Valentine Manor! This first floor unit has a lot of natural light and tons of potential, the bathrooms were retiled about five years ago. The large living room offers plenty of space and has room for a designated dining area. There is a communal laundry room and fitness center in the basement of the building which is very secure. Close to shops, Metro North, buses and parks.

21. 2022-03-17
    status Pending 441-char remark

    Show marketing remark (441 chars)

    Wonderful two bedroom unit with updated kitchen in pet-friendly Valentine Manor! This first floor unit has a lot of natural light and tons of potential, the bathrooms were retiled about five years ago. The large living room offers plenty of space and has room for a designated dining area. There is a communal laundry room and fitness center in the basement of the building which is very secure. Close to shops, Metro North, buses and parks.

22. 2022-02-17
    listed $184,000 Active 441-char remark

    Show marketing remark (441 chars)

    Wonderful two bedroom unit with updated kitchen in pet-friendly Valentine Manor! This first floor unit has a lot of natural light and tons of potential, the bathrooms were retiled about five years ago. The large living room offers plenty of space and has room for a designated dining area. There is a communal laundry room and fitness center in the basement of the building which is very secure. Close to shops, Metro North, buses and parks.

23. 2014-03-15
    price $124,000

    Show marketing remark (381 chars)

    First Floor Unit In Brick Bldg With Convenient Location, One block from Manhattan express bus and 1 mile to Ludlow metro north station, Dog friendly Valentine Manor, STAR will reduce the monthly maint. by approx $83 and heat/hot water are included. All freshly refinished Wood Floors, Freshly Painted, owner may renovate baths/kitchen or offer $5000 credit; come choose your design

24. 2012-05-23
    soldstatus $124,000 Sold

    Show marketing remark (381 chars)

    First Floor Unit In Brick Bldg With Convenient Location, One block from Manhattan express bus and 1 mile to Ludlow metro north station, Dog friendly Valentine Manor, STAR will reduce the monthly maint. by approx $83 and heat/hot water are included. All freshly refinished Wood Floors, Freshly Painted, owner may renovate baths/kitchen or offer $5000 credit; come choose your design

25. 2012-05-23
    soldstatus $124,000

    Show marketing remark (381 chars)

    First Floor Unit In Brick Bldg With Convenient Location, One block from Manhattan express bus and 1 mile to Ludlow metro north station, Dog friendly Valentine Manor, STAR will reduce the monthly maint. by approx $83 and heat/hot water are included. All freshly refinished Wood Floors, Freshly Painted, owner may renovate baths/kitchen or offer $5000 credit; come choose your design

26. 2012-03-16
    historical Pending

    Show marketing remark (381 chars)

    First Floor Unit In Brick Bldg With Convenient Location, One block from Manhattan express bus and 1 mile to Ludlow metro north station, Dog friendly Valentine Manor, STAR will reduce the monthly maint. by approx $83 and heat/hot water are included. All freshly refinished Wood Floors, Freshly Painted, owner may renovate baths/kitchen or offer $5000 credit; come choose your design

27. 2012-03-16
    price $129,900

    Show marketing remark (381 chars)

    First Floor Unit In Brick Bldg With Convenient Location, One block from Manhattan express bus and 1 mile to Ludlow metro north station, Dog friendly Valentine Manor, STAR will reduce the monthly maint. by approx $83 and heat/hot water are included. All freshly refinished Wood Floors, Freshly Painted, owner may renovate baths/kitchen or offer $5000 credit; come choose your design

28. 2012-02-03
    listed $129,900 Active

    Show marketing remark (381 chars)

    First Floor Unit In Brick Bldg With Convenient Location, One block from Manhattan express bus and 1 mile to Ludlow metro north station, Dog friendly Valentine Manor, STAR will reduce the monthly maint. by approx $83 and heat/hot water are included. All freshly refinished Wood Floors, Freshly Painted, owner may renovate baths/kitchen or offer $5000 credit; come choose your design

29. 2012-02-03
    listed $129,900

    Show marketing remark (381 chars)

    First Floor Unit In Brick Bldg With Convenient Location, One block from Manhattan express bus and 1 mile to Ludlow metro north station, Dog friendly Valentine Manor, STAR will reduce the monthly maint. by approx $83 and heat/hot water are included. All freshly refinished Wood Floors, Freshly Painted, owner may renovate baths/kitchen or offer $5000 credit; come choose your design

30. 2004-08-13
    historical
31. 2004-07-24
    listed
32. 2001-04-16
    historical
33. 2000-10-15
    listed

ⓘ 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: $34,148
• − Mortgage interest: −$12,317
• − Property taxes: −$3,298
• − Insurance: −$1,099
• − Repairs & maintenance: −$2,732
• − Management: −$2,732
• − HOA: −$1,596,144
• − Depreciation: −$6,397
• Taxable loss: −$1,590,571
• Est. tax savings @ 24.0%: +$381,737
• After-tax cash flow: $-1,205,665/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: Yonkers City School District
• NCES district ID: 3631920
• Math proficiency: 41% ▼ -1.00%
• Reading proficiency: 54% ▲ 14.00%
• Median HH income: $58,042
• Composite: 41.43/100
• National rank: #3471
• State rank: #413 of 590 in NY

Livability — Yonkers

• Score: 68/100
• State rank: #528
• US rank: #9394

Category grades

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

Schools grade is shown separately in the Schools card above.

Census & demographics

• Census place: Yonkers, NY
• County: Westchester County · 709,332 people
• City population: 212,407
• Metro: New York-Newark-Jersey City, NY-NJ-PA
• Population (ZIP): 38,887
• Household income: $67,918
• Rent vs Own: 63.2% rent · 36.8% own
• Severe rent burden: 2783.0

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 0.56)
• Race & ethnicity: Hispanic / Latino 62% White 17% Two or more races 16% Black 12% Asian 5% Native American 1%
• Hispanic origin (detail): Mexican 13% Puerto Rican 9% Dominican 27%
• Common ancestry: Scotch-Irish 1% Romanian 1%
• Foreign-born: 40% · Canada, Jamaica, South Korea
• Languages at home: 39% English-only · Spanish 51% Other Indo-European 3% Other Asian/Pacific 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: ▼ -368.22%
• Current HPI: 314.1777
• Rent YoY: ▲ 9.00%
• 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

+69.3% since first listed

24 events — show timeline

• 2026-06-18 Price Changed $219,888 OneKey® MLS as Distributed by MLS Grid
• 2026-06-08 Price Changed $220,888 OneKey® MLS as Distributed by MLS Grid
• 2026-06-08 Price Changed $223,888 OneKey® MLS as Distributed by MLS Grid
• 2026-06-05 Price Changed $224,888 OneKey® MLS as Distributed by MLS Grid
• 2026-06-01 Price Changed $225,888 OneKey® MLS as Distributed by MLS Grid
• 2026-06-01 Price Changed $227,888 OneKey® MLS as Distributed by MLS Grid
• 2026-05-20 Price Changed $228,888 OneKey® MLS as Distributed by MLS Grid
• 2026-05-11 Price Changed $248,888 OneKey® MLS as Distributed by MLS Grid
• 2026-05-06 Price Changed $249,888 OneKey® MLS as Distributed by MLS Grid
• 2026-03-30 Listed $249,999 OneKey® MLS as Distributed by MLS Grid
• 2022-06-14 Sold (MLS) $195,000 OneKey® MLS as Distributed by MLS Grid
• 2022-03-17 Pending — OneKey® MLS as Distributed by MLS Grid
• 2022-02-17 Listed $184,000 OneKey® MLS as Distributed by MLS Grid
• 2014-03-15 Price Changed $124,000 HGMLS
• 2012-05-23 Sold (MLS) $124,000 OneKey® MLS as Distributed by MLS Grid
• 2012-05-23 Sold (MLS) $124,000 HGMLS
• 2012-03-16 Contingent — HGMLS
• 2012-03-16 Price Changed $129,900 HGMLS
• 2012-02-03 Listed $129,900 HGMLS
• 2012-02-03 Listed $129,900 OneKey® MLS as Distributed by MLS Grid
• 2004-08-13 Delisted — HGMLS
• 2004-07-24 Listed — HGMLS
• 2001-04-16 Delisted — HGMLS
• 2000-10-15 Listed — HGMLS