128 Pioneer St APT 4, Brooklyn, NY, 11231 | 5.4% Rental Yield

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128 Pioneer St APT 4, Brooklyn, NY, 11231 | 5.4% Rental Yield | Ziffy

For Sale

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 128 Pioneer St APT 4, Brooklyn, NY, 11231 with 5% annual appreciation on a $960,000 basis while $4,319/mo rent supports operations. 35% in year one. Equity gained on principal adds $6,195/yr, and five-year appreciation sums $265,230 alongside rental yield of 5.4%. Five-year ROI measures 57.84% and total cumulative return in cash totals $182,673. Investors can finance this property with Ziffy Mortgage’s DSCR loan that underwrites to $4,319/mo property income versus a $4,699/mo payment rather than your W2s, Paystubs, Tax returns, or 1099 forms.

Condo

Built in 2004

N/A lot

$N/A/sqft

$200 monthly HOA

More details about the property

If you've been thinking of living in Red Hook, here's your chance. This sun-soaked 2br/1ba condo ticks all the boxes: stunning renovated kitchen, washer/dryer, central air, balcony, plus a deeded parking space and exclusive roof deck with epic views. Three seasons of gardening and alfresco entertaining await you! Just two flights up, this lovely home is a unique, turnkey offering on one of Red Hook's most charming blocks. The open kitchen has been renovated for serious cooking, with elegant custom cabinets, spacious quartz countertops and all new appliances. The south-facing living/dining area is flooded with light. Anderson sliding doors lead to a charming balcony overlooking the tree-lined street. The primary bedroom fits a king-sized bed, and the queen-sized second bedroom (currently used as a workspace) has a washer/dryer. One flight up is your own private roof deck with spectacular views. 128 Pioneer Street is a friendly, four-unit condo with 421a tax abatement and remarkably low monthlies. With the ferry dock a block away, the commute to Manhattan is under 25 minutes -- and just 10 minutes on the express. Park your car in the deeded parking space and explore everything Red Hook has to offer. Pioneer Works, a haven for art, culture and community, is just up the street. Neighborhood favorites like Black Flamingo, Ice House, San Pedro and Kestrel are around the corner, and Coffey Park is at the end of the block. Or just lounge on your rooftop and let the city fade away. All showings by appointment. Buyers' agents welcome.

Neighborhood Data

Neighborhood data shown for ZIP Code: 11231, Brooklyn, NY area.

Housing Distribution

Housing Statistics

Category	Value
Total HU (Housing Units)	17,446 (100%)
Owner Occupied HU	4,101 (23.5%)
Renter Occupied HU	12,031 (69.0%)
Vacant Housing Units	1,314 ( 7.5%)
Median Home Value	$1,765,973
Average Home Value	$1,624,888