1655 Flatbush Ave APT B1810, Brooklyn, NY, 11210 | $2,582/mo Cash Flow

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1655 Flatbush Ave APT B1810, Brooklyn, NY, 11210 | $2,582/mo Cash Flow | 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 1655 Flatbush Ave APT B1810, Brooklyn, NY, 11210 generates $4,850/mo in rent and, after a $1,248/mo payment, leaves $2,582/mo in cash flow. Total monthly income is $4,850/mo, and annual cash flow is $30,987/yr on $84,533 invested. Return on cash invested sits at 56.57% in year one, and rental yield is 22.82% on a $255,000 entry. Equity gained on principal adds $1,645/yr, while 5% annual appreciation builds toward $70,452 over five years. Five-year ROI reaches 302.99% and total cumulative return in cash sums $256,124. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $4,850/mo property income rather than buyer’s personal income.

Condo

Built in 1964

N/A lot

$N/A/sqft

$565 monthly HOA

More details about the property

Discover your dream studio in the heart of Flatbusha spacious, renovated gem on the 18th floor of a beautifully maintained, full-service building. The apartment entryway welcomes you with marble design tile flooring that transitions into classic parquet wood. Bathed in natural light, this versatile apartment features a panoramic view, through-the-wall air conditioning, Verizon Fios connectivity and nearly 700 square feet of living space. Three generous closetsincluding two walk-insoffer abundant storage. The well-appointed kitchen features a 5-burner range, engineered quartz countertops, and a coordinating backsplash. The tasteful bathroom has been refreshed with a newly re-glazed bathtub. This home is move-in ready with just a 10% down payment and 90% financing available. Sorry, pets are not allowed at this coop building. 1655 Flatbush Avenue, also known as the Phillip Howard building, stands out as a luxury, full-service co-op with unique amenities including 24/7 door attendants, a full-time live-in super and dedicated porters, a large outdoor swimming pool, an exclusive playground for residents and guests, an in-house fine arts museum, two modern laundry rooms, a circular driveway for convenient pick-ups and drop-offs, an in-building parking garage, available on a waitlist basis, plus two storage facilities. Bike storage coming soon. The neighborhood offers a variety of conveniences such as Target, Home Goods, and the new Aldi grocery store located diagonally across the street. Starbucks and Brooklyn College, including its athletic facilities, are also nearby. Excellent transportation options include the 2 and 5 trains and city buses just 2 blocks away. Also, the building is only a 20-minute drive to Riis Beach. Dont miss the chance to experience elevated living in Flatbush!

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