17 3rd St, Brooklyn, NY, 11231 | ROI: 1.09%

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Monthly Cash Flow: 1 - 3k+

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17 3rd St, Brooklyn, NY, 11231 | ROI: 1.09% | 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 17 3rd St, Brooklyn, NY, 11231 projects strong ROI of 1.09%. Rental yield 1.77%. With 5% annual appreciation, the property builds $1,008,428 in value over five years. Equity growth combined delivers a projected five-year ROI of 2.5%, translating into $29,580 in total cumulative return on $1,182,600 invested capital. You can finance this property with Ziffy Mortgage’s DSCR loan, which leverages the property’s income for qualification rather than your personal income.

Multi Family

Built in 1901

N/A lot

$N/A/sqft

No HOA

More details about the property

Welcome to 17 3rd Street, a rare opportunity in the heart of charming Carroll Gardens, Brooklyn. This 20' x 38' townhouse offers incredible potential for those ready to take on a full-scale renovation. The property requires a complete gut renovation and is not eligible for traditional financing. However, construction loans are an option-and we've already lined up trusted lenders who specialize in this very product to help streamline the process for serious buyers. We strongly recommend bringing an architect to your showing to fully appreciate the possibilities. GUT RENO REQUIRED. YES, FOR REAL, ONLY COME IF YOU ARE PREPARED FOR THAT SCALE OF PROJECT. Inside, you'll find two original marble fireplaces in remarkably good condition-timeless details that can be thoughtfully incorporated into your future design. The property can also be sold with plans for a single-family residence, giving you a valuable head start in turning this shell into your dream home. Located just a quarter mile from some of Brooklyn's best local gems, you'll enjoy easy access to the Carroll Street and Smith-Ninth Street subway stations, making commuting a breeze. Neighborhood favorites like Lucali, Buttermilk Channel, Frankie's 457, and Court Street Grocers are just around the corner, alongside boutique shops and cozy caf s. With a location that blends community charm and city convenience, 17 3rd Street is a true diamond in the rough-waiting for the right vision to bring it to life.

Neighborhood Data

Neighborhood data shown for ZIP Code: 11231, Brooklyn, NY area.

Housing Distribution

Housing Statistics

Category	Value
Total HU (Housing Units)	17,446 (100%)
Owner Occupied HU	4,101 (23.5%)
Renter Occupied HU	12,031 (69.0%)
Vacant Housing Units	1,314 ( 7.5%)
Median Home Value	$1,765,973
Average Home Value	$1,624,888