








A quick, investor-focused snapshot highlighting income strength, yield potential.
| Key metrics | Value |
|---|---|
| Price | $399,900 |
| Est. Rent | $3,200/mo |
| ROI | 18% |


Investment property for sale in Brooklyn at 162 16th St APT 5B, Brooklyn, NY, 11215 offers a 4.96% rental yield on a $1,495,000 purchase with $6,176/mo rent. 34% in year one. Equity gained on principal adds $9,647/yr while 5% annual appreciation supports $413,041 over five years. Portfolio math shows five-year ROI at 42.32% and total cumulative return in cash at $204,985. Financing is available via Ziffy Mortgage’s DSCR loan, which evaluates $6,176/mo property income against a $7,317/mo payment rather than investor’s personal income documents like W2s, Salary slips, and Tax returns.
Condo
Built in 2008
N/A lot
$N/A/sqft
$1,047 monthly HOA
Neighborhood data shown for ZIP Code: 11215, Brooklyn, NY area.
| Category | Value |
|---|---|
| Total HU (Housing Units) | 31,113 (100%) |
| Owner Occupied HU | 10,260 (33.0%) |
| Renter Occupied HU | 18,447 (59.3%) |
| Vacant Housing Units | 2,406 ( 7.7%) |
| Median Home Value | $1,666,185 |
| Average Home Value | $1,587,839 |
Residential
27,619
Single Family
7,344
Multi-Family
20,275
Businesses
2,297
Date | Event | Price |
|---|---|---|
| 2025-04-22 | Listed for sale | $1,495,000 |
| 2018-02-02 | Listing removed | $1,350,000 |
| 2017-12-14 | Pending sale | $1,350,000 |
Date | Tax Paid | Tax Increase Rate | Value | Value Increase Rate |
|---|---|---|---|---|
| 2024-04-22 | $12364.00 | N/A | $116,468 | 4.98% |
| 2023-04-22 | N/A | N/A | $110,938 | 4.47% |
| 2022-04-22 | N/A | N/A | $106,195 | 41.18% |



Listed by: Lindsay Owen • Compass
Mls Name: StreetEasy
Mls ID: #S1766683