1655 Flatbush Ave APT A602, Brooklyn, NY, 11210 | $513/mo Cash Flow

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1655 Flatbush Ave APT A602, Brooklyn, NY, 11210 | $513/mo Cash Flow | 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 1655 Flatbush Ave APT A602, Brooklyn, NY, 11210 uses $165,419 cash to close to unlock $6,157/yr annual cash flow and $513/mo monthly cash flow. Total monthly income runs $4,850/mo, and a $2,442/mo payment keeps the spread at $513/mo. Purchase price stands at $499,000, and rental yield measures 11.66% with $4,850/mo rent. Return on cash invested shows 23.63% in year one, and 5% annual appreciation builds toward $137,865 over five years. Five-year ROI reaches 126.1% and total cumulative return in cash records $208,590. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $4,850/mo property income covering a $2,442/mo payment rather than investor’s personal income.

Condo

Built in 1964

N/A lot

$N/A/sqft

$1,005 monthly HOA

More details about the property

Located in a full-service building that provides you with a Park Avenue feel in the middle of Brooklyn. This renovated 6th-floor apartment provides amazing light throughout the day both bedrooms and the kitchen have great morning light due to being on the northeast side of the building; the living room is great throughout the afternoon until sunset along with views of Brooklyn due to the unit facing southwest Brooklyn. It has tremendous closet space and just needs you to add your finishing touches The Philip Howard has a parking garage, 24-hour security, and an Olympic-sized swimming pool. The apartment is less than two blocks away from the 2/5 trains at Flatbush Junction, which is 30 minutes away from Lower Manhattan. The apartment is less than a five-minute stroll to 2/5 at Brooklyn College, which is 30 minutes away from Lower Manhattan. The Philip Howards is directly across from loads of shopping at Flatbush/Nostrand Avenue Junction which features Target, Applebees, and Aldi along with the new shopping center that features Blink Fitness, Dallas BBQ, and Chipotle across the street. Also, the building is a ten-minute stroll to the B/Q at Avenue H or Foster Avenue and is an additional five minutes away from the Flatbush Food Co-op and numerous restaurants in Ditmas Park

Neighborhood Data

Neighborhood data shown for ZIP Code: 11210, Brooklyn, NY area.

Housing Distribution

Housing Statistics

Category	Value
Total HU (Housing Units)	26,039 (100%)
Owner Occupied HU	8,974 (34.5%)
Renter Occupied HU	15,478 (59.4%)
Vacant Housing Units	1,587 ( 6.1%)
Median Home Value	$859,832
Average Home Value	$946,487