173 Hicks St APT 4E, Brooklyn, NY, 11201 | 8.33% Rental Yield

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173 Hicks St APT 4E, Brooklyn, NY, 11201 | 8.33% Rental Yield | 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 173 Hicks St APT 4E, Brooklyn, NY, 11201 earns from $4,859/mo rent with a $3,426/mo payment. Total monthly income totals $4,859/mo. ROI tracks 16.49% on current figures, and rental yield reads 8.33% at a $700,000 purchase. Equity gained on principal adds $4,517/yr, and 5% annual appreciation supports $193,397 over five years. Five-year ROI reaches 86.76% and total cumulative return in cash sums $199,804. Financing can be set up with Ziffy Mortgage’s DSCR loan, which is driven by $4,859/mo property income instead of your personal income.

Condo

Built in 1900

N/A lot

$N/A/sqft

$870 monthly HOA

More details about the property

Looking for a charming one-bedroom home in the heart of Brooklyn Heights? We invite you to reach out for a private tour. This home is a bright, sunny unit with a Juliet balcony, where you can often spot small birds, adding to the peaceful, garden-like atmosphere. Light and air abound! Set quietly at the back of the building, the apartment offers wonderful privacy and tranquility, an ideal setting for working from home or simply unwinding. As you enter, a wide foyer with a closet welcomes you, opening to a spacious living area. One of the apartments best features is the sliding glass door in the living room, offering a beautiful view of the gardens below and tall, leafy trees. The generous bedroom, which can accommodate a king-sized bed, features a large closet and beautifully maintained hardwood floors throughout. The large kitchen offers abundant storage, complemented by a white-tiled bathroom. It is a well-run, friendly boutique co-op with a recently installed boiler and elevator, a new roof, and a clean, convenient laundry room in the basement. The co-op carries no underlying mortgage. Cats are welcome, but dogs are not permitted. Subletting is allowed after two years of primary residence. Co-purchasing, gifting, and pied--terre ownership are considered on a case-by-case basis. Nestled on a picturesque, quiet, tree-lined street, the building offers easy access to shops, restaurants, and multiple subway lines (A/C, 2/3, 4/5, M, and R), as well as the Pier 6 Ferry. Just three blocks from the iconic Brooklyn Heights Promenade and Brooklyn Bridge Park, youre close to the vibrant energy of Brooklyn Heights, Vinegar Hill, DUMBO, and beyond.

Neighborhood Data

Neighborhood data shown for ZIP Code: 11201, Brooklyn, NY area.

Housing Distribution

Housing Statistics

Category	Value
Total HU (Housing Units)	38,878 (100%)
Owner Occupied HU	10,690 (27.5%)
Renter Occupied HU	23,599 (60.7%)
Vacant Housing Units	4,589 (11.8%)
Median Home Value	$1,369,636
Average Home Value	$1,410,575