HOA estimate in Bronx (Let's analyze a property together)

[Masashi Borges-Silva]

Am I way off to estimate HOA insurance to be roughly $200/mo. in Bronx, NY?

I am trying to get comfortable with analyzing deals in Bronx, and I am just guestimating all the numbers.

Asking price for this place is $125k and my analysis shows that it will have a negative cash flow.

Then I lowered the purchase price to $75k, and I still have $40/mo. cash flow and 1.78% COC ROI so I quickly had to let this go. However, I just want to learn that if HOA estimate is a spot on or way off.

Thanks in advance!