155 Hancock St APT 1, Brooklyn, NY, 11216 | 4.22% Rental Yield

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155 Hancock St APT 1, Brooklyn, NY, 11216 | 4.22% 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 155 Hancock St APT 1, Brooklyn, NY, 11216 priced at $1,950,000 pairs $6,852/mo rent with after a $9,544/mo payment. Total monthly income equals $6,852/mo. Return on cash invested is 8.65% in year one, and rental yield stands at 4.22% on a $1,950,000 basis. Equity gained on principal adds $12,583/yr, and 5% annual appreciation accumulates to $538,749 by year five. Five-year ROI measures 43.03% and total cumulative return in cash reaches $271,889. For financing, Ziffy Mortgage’s DSCR program evaluates $6,852/mo property income against a $9,544/mo payment instead of your W2s, 1099s, or Tax returns.

Multi Family

Built in 1900

N/A lot

$N/A/sqft

No HOA

More details about the property

Welcome to 155 Hancock Street, a remarkable multi-family building located in the heart of Bedford-Stuyvesant, Brooklyn. This impressive property offers a total of 10 units, consisting of 5 one-bedroom apartments and 5 two-bedroom apartments, providing a diverse range of living options for residents. Each unit within this well-maintained building is thoughtfully designed to maximize comfort and functionality. The one-bedroom apartments offer a cozy and intimate living space, perfect for individuals or couples seeking a comfortable retreat. The two-bedroom apartments provide ample room for families or those desiring additional space for a home office or guest room. The building features modern amenities and finishes, ensuring a high standard of living for its residents. Each unit is equipped with contemporary appliances, stylish fixtures, and ample storage space. The open and airy layout of the apartments creates a welcoming atmosphere, while large windows allow for an abundance of natural light to fill the space. 155 Hancock Street is ideally situated in the vibrant neighborhood of Bedford-Stuyvesant, offering a plethora of amenities and conveniences right at your doorstep. From trendy cafes and restaurants to local boutiques and parks, residents will enjoy the best of Brooklyn living. Additionally, the building's proximity to public transportation provides easy access to the rest of the city, making commuting a breeze. Whether you're an investor looking for a lucrative opportunity or a tenant seeking a comfortable and convenient place to call home, 155 Hancock Street offers the perfect solution.

Neighborhood Data

Neighborhood data shown for ZIP Code: 11216, Brooklyn, NY area.

Housing Distribution

Housing Statistics

Category	Value
Total HU (Housing Units)	29,043 (100%)
Owner Occupied HU	4,631 (15.9%)
Renter Occupied HU	21,985 (75.7%)
Vacant Housing Units	2,427 ( 8.4%)
Median Home Value	$1,536,344
Average Home Value	$1,481,149