1306 83rd St UNIT 302, Brooklyn, NY, 11228 | 5.13% Rental Yield

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1306 83rd St UNIT 302, Brooklyn, NY, 11228 | 5.13% 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

Total monthly income runs $3,840/mo, and a $4,399/mo payment. Purchase price stands at $898,800, and rental yield measures 5.13% with $3,840/mo rent. Return on cash invested shows 9.31% in year one, and 5% annual appreciation builds toward $248,322 over five years. Five-year ROI reaches 47.34% and total cumulative return in cash records $139,999. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $3,840/mo property income covering a $4,399/mo payment rather than investor’s personal income.

Condo

Built in 2024

N/A lot

$N/A/sqft

$487 monthly HOA

More details about the property

HURRY ONLY THIS UNIT REMAINS! The seller is offering an $80,000 reduction from the original pricethis deal wont last. Discover an extraordinary living experience in this newly built condominium, bringing modern luxury to one of Brooklyns most peaceful residential enclaves. The elegant structure introduces a level of sophistication rarely found in South Brooklyn, combining thoughtful design with premium features for a truly exceptional opportunity. Step into a world of refined living where every detail has been carefully considered. Expansive floor-to-ceiling windows bathe each residence in natural light, showcasing exquisite multi-layer engineered oak flooring. Gourmet kitchens serve as the centerpieces, featuring Caesarstone slab countertops and backsplashes, custom Scavolini cabinetry and millwork, and a suite of premium Bosch appliances that seamlessly balance form and function. Beyond your private residence, amenities are designed for convenience and comfort. A beautifully appointed shared rooftop invites you to relax or entertain in style, while on-site parking (including EV-charging stations) is available for an additional fee. Each unit also includes an in-home washer and dryer for ultimate ease of living. Nestled in coveted Dyker Heightsrenowned for its vibrant holiday light displays and close-knit communitythis property offers peaceful living with quick access to local parks, shops, and dining. Each unit is being sold individually, giving you a rare chance to own a modern luxury home in this exclusive development.

Neighborhood Data

Neighborhood data shown for ZIP Code: 11228, Brooklyn, NY area.

Housing Distribution

Housing Statistics

Category	Value
Total HU (Housing Units)	17,725 (100%)
Owner Occupied HU	7,861 (44.3%)
Renter Occupied HU	8,618 (48.6%)
Vacant Housing Units	1,246 ( 7.0%)
Median Home Value	$1,193,293
Average Home Value	$1,223,802