1265 Herkimer St, Brooklyn, NY, 11233 | 4.91% Rental Yield

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1265 Herkimer St, Brooklyn, NY, 11233 | 4.91% Rental Yield | Ziffy

For Sale

Fix & Flip

Rental Income

Ziffy Mortgage

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

Investment property for sale in Brooklyn at 1265 Herkimer St, Brooklyn, NY, 11233 listed at $1,100,000 pairs $4,502/mo rent with a $5,384/mo payment. Total monthly income runs $4,502/mo. Return on cash invested measures 10.8% in year one, and rental yield registers 4.91% at a $1,100,000 basis. Equity gained on principal adds $7,098/yr, and annual property appreciation at 5% supports $303,910 by year five. Five-year ROI tracks 54.53% and total cumulative return in cash totals $194,359. Financing can be arranged with Ziffy Mortgage’s DSCR loan, which qualifies using $4,502/mo property income relative to a $5,384/mo payment rather than your personal income (W2, Tax Returns, Paystubs, or 1099).

Multi Family

Built in 1920

200 sqft lot

$N/A/sqft

No HOA

More details about the property

Welcome to 1265 Herkimer St, a three-story, three-family brick residence with a full basement, perfectly positioned in the heart of Ocean Hill. This solid 20' x 45' building sits on a generous 20' x 100' lot, offering an impressive footprint and endless opportunities for customization. The propertys flexible layout provides multiple paths forward. Design a spacious owners duplex while generating rental income from the remaining units, keep it configured as three separate apartments for maximum cash flow, or explore the possibility of converting it into a grand single-family home. With ample square footage, high ceilings, and a strong brick structure, this home is a true blank canvas awaiting your vision. Location adds another layer of appeal. Situated just minutes from the Rockaway Avenue C train, commuting into Manhattan and across Brooklyn is simple and efficient. Ocean Hill itself is a neighborhood on the rise, rich in history yet alive with new development, cafes, cultural hubs, and community spacesall contributing to its vibrant and dynamic atmosphere. Whether youre an investor seeking a stable property with long-term upside, a homeowner ready to design your dream residence with income potential, or a developer looking for your next project, 1265 Herkimer Street delivers exceptional space, value, and convenience in one of Brooklyns most promising neighborhoods. Bring your contractor, bring your imagination, and bring your plans to life. This property is an opportunity not to be missed. MLS Approve- No financial provide due to property being vacant

Neighborhood Data

Neighborhood data shown for ZIP Code: 11233, Brooklyn, NY area.

Housing Distribution

Housing Statistics

Category	Value
Total HU (Housing Units)	31,966 (100%)
Owner Occupied HU	5,665 (17.7%)
Renter Occupied HU	23,881 (74.7%)
Vacant Housing Units	2,420 ( 7.6%)
Median Home Value	$1,118,129
Average Home Value	$1,165,978