1 Oliver St UNIT 1D, Brooklyn, NY, 11209 | 11.28% Rental Yield

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1 Oliver St UNIT 1D, Brooklyn, NY, 11209 | 11.28% Rental Yield | Ziffy

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NMLS #2625701

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Ziffy AI Summary

A quick, investor-focused snapshot highlighting income strength, yield potential.

Key metrics	Value
Price	$399,900
Est. Rent	$3,200/mo
ROI	18%

Attractive rent-to-price ratio for income stability
Good fit for DSCR financing with healthy coverage

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Investment Highlights

Rental property for sale in Brooklyn at 1 Oliver St UNIT 1D, Brooklyn, NY, 11209 priced at $268,000 converts $2,520/mo rent into after a $1,312/mo obligation. Total monthly income equals $2,520/mo. Return on cash invested prints 19.46% in year one, and rental yield reads 11.28% against a $268,000 entry. Equity gained on principal adds $1,729/yr, while 5% annual appreciation compiles into $74,043 by year five. Five-year ROI reaches 104.88% and total cumulative return in cash sums $93,177. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $2,520/mo property income covering a $1,312/mo payment, not borrower’s personal income.

Condo

Built in 1951

N/A lot

$N/A/sqft

$763 monthly HOA

More details about the property

Discover the Best of Bay Ridge at 9255 Shore Road #1D Step into a rare opportunity to own a piece of Bay Ridge charm in the prestigious Kings Oliver building. This first-floor, west-facing one-bedroom co-op is perfectly situated along the iconic Shore Road, just steps away from the waterfront park and its captivating views of the Verrazzano Bridge. A Home with Endless Potential: Upon entry, youll find a bright and spacious living and dining area, filled with natural light. The units layout and character provide the perfect canvas for customization, allowing you to create a space thats uniquely yours. Building Highlights: The Kings Oliver building is a financially robust, well-maintained cooperative with recent upgrades to its lobby, hallways, and elevator. Residents enjoy a range of amenities, including: A live-in super for your convenience. Communal laundry room, bike room, and storage lockers. Video intercom system for added security. Access to a parking garage waitlist. Cats are welcome with a non-refundable fee. Dogs and subletting are not permitted, ensuring a quiet and stable community. Heat and water are included in the low monthly maintenance fees, making this an affordable option for homeownership. A Location Like No Other: Located across the street from Shore Road Park, this home offers unparalleled access to lush green spaces, walking paths, and scenic waterfront vistas. The vibrant Third Avenue is just minutes away, offering a variety of dining, shopping, and supermarket options. Seamless Connectivity: NYC Ferry at 69th Street provides direct access to downtown Brooklyn and Manhattan. Express buses (X27/X37) and local buses (B37/B63/B64) ensure easy commuting. The R train adds even more convenience for getting around the city. Your New Chapter Starts Here: Embrace the unique blend of tranquility and urban convenience that Bay Ridge has to offer. Contact me today to schedule a viewing and turn this perfectly located gem into your dream home.

Neighborhood Data

Neighborhood data shown for ZIP Code: 11209, Brooklyn, NY area.

Housing Distribution

Housing Statistics

Category	Value
Total HU (Housing Units)	33,347 (100%)
Owner Occupied HU	10,175 (30.5%)
Renter Occupied HU	21,237 (63.7%)
Vacant Housing Units	1,935 ( 5.8%)
Median Home Value	$1,072,126
Average Home Value	$1,081,829