








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


Rental property for sale in Brooklyn at 162 16th St APT 5E, Brooklyn, NY, 11215 generates $5,390/mo in rent, after a $4,895/mo payment. Total monthly income is $5,390/mo. Return on cash invested sits at 12.5% in year one, and rental yield is 6.47% on a $999,999 entry. Equity gained on principal adds $6,453/yr, while 5% annual appreciation builds toward $276,281 over five years. Five-year ROI reaches 64.77% and total cumulative return in cash sums $213,087. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $5,390/mo property income rather than buyer’s personal income.
Condo
Built in 2008
N/A lot
$N/A/sqft
$785 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 |
|---|---|---|
| 2024-08-13 | Price change | $999,999 |
| 2024-07-08 | Listed for sale | $1,100,000 |
Date | Tax Paid | Tax Increase Rate | Value | Value Increase Rate |
|---|---|---|---|---|
| 2023-11-13 | N/A | N/A | $87,295 | 4.47% |
| 2022-11-13 | N/A | N/A | $83,563 | 41.18% |
| 2021-11-13 | N/A | N/A | $59,190 | -12.19% |



Listed by: Jessica Caputo • Corcoran
Mls Name: StreetEasy
Mls ID: #S1725145