149 Marine Ave APT 5E, Brooklyn, NY, 11209 | 6.79% Rental Yield

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149 Marine Ave APT 5E, Brooklyn, NY, 11209 | 6.79% 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 149 Marine Ave APT 5E, Brooklyn, NY, 11209 with 5% annual appreciation on a $615,000 basis while $3,480/mo rent supports operations. 85% in year one. Equity gained on principal adds $3,969/yr, and five-year appreciation sums $169,913 alongside rental yield of 6.79%. Five-year ROI measures 56.85% and total cumulative return in cash totals $115,037. Investors can finance this property with Ziffy Mortgage’s DSCR loan that underwrites to $3,480/mo property income versus a $3,010/mo payment rather than your W2s, Paystubs, Tax returns, or 1099 forms.

Condo

Built in 1962

N/A lot

$N/A/sqft

$927 monthly HOA

More details about the property

Bright, Spacious 2BD/1BA with Verrazzano Views in Prime Bay Ridge Welcome to this beautifully updated and move-in ready 2-bedroom, 1-bathroom home, perched on a high floor of a well-maintained elevator co-op. With sweeping light, a smart and generous layout, and views of the iconic Verrazzano Bridge, this home offers comfort, style, and convenience. The oversized living room easily accommodates both lounging and entertaining, while a separate dining area offers the flexibility to use as a home office or creative space. The king-sized primary bedroom and second airy bedroom provide peaceful retreats, and the renovated windowed bathroom features timeless subway tile and marble accents. Culinary enthusiasts will love the sleek, modern kitchencomplete with quartz countertops, stainless steel appliances (including a dishwasher), glass tile backsplash, plentiful cabinetry, and a breakfast bar perfect for casual meals or coffee breaks. Additional highlights include hardwood floors, recessed lighting, great closet space, and double exposures for excellent natural light throughout the day. The building offers a host of amenities including brand-new laundry machines installed this year, a live-in superintendent, a recently updated lobby, landscaped outdoor spaces, and on site garage parking (waitlisted). Enjoy the best of Bay Ridge right outside your dooreasy access to waterfront parks, panoramic harbor and Verrazzano Bridge views, nearby subways and express buses, and a vibrant mix of local shops, restaurants, and markets.

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