182 Concord St APT 1B, Brooklyn, NY, 11201 | $3,714/mo Cash Flow

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182 Concord St APT 1B, Brooklyn, NY, 11201 | $3,714/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

Investment property for sale in Brooklyn at 182 Concord St APT 1B, Brooklyn, NY, 11201 offers a 12.96% rental yield on a $1,100,000 purchase with $11,882/mo rent. Total monthly income registers $11,882/mo, and a $5,384/mo payment leaves $3,714/mo available for distribution. Annual cash flow reaches $44,572/yr on $356,400 to close, and return on cash invested stands at 32.88% in year one. Equity gained on principal adds $7,098/yr while 5% annual appreciation supports $303,910 over five years. Portfolio math shows five-year ROI at 173.94% and total cumulative return in cash at $619,939. Financing is available via Ziffy Mortgage’s DSCR loan, which evaluates $11,882/mo property income against a $5,384/mo payment rather than investor’s personal income documents like W2s, Salary slips, and Tax returns.

Condo

Built in 2017

N/A lot

$N/A/sqft

$822 monthly HOA

More details about the property

Welcome to apartment Garden B at 182 Concord Street - an oversized duplex legal 1-bedroom condo with a fantastic backyard and massive lower flex space (currently being used as a luxe primary suite). The upper level offers an open-concept kitchen and living space with high ceilings, oversized warehouse-style floor-to-ceiling windows, and stunning hand-laid herringbone oak floors. The living/dining area is flooded with natural light and offers easy access to the sprawling, private backyard. The chic kitchen features custom satin white self-close cabinetry, Carrara Arabescato marble countertops and a suite of stainless steel appliances. This level also includes a generous bedroom and full bathroom featuring chevron marble floors, a custom walnut vanity and a deep soaking tub. Down the modern, architectural staircase is a huge flex space with high ceilings and an outdoor patio plus in-unit laundry, a half bathroom, and great storage! Enjoy easy access to the lower level with its own separate entrance. Located on a quiet block tucked just off the hustle and bustle of Downtown Brooklyn, The Concord Condominium is a collection of three townhouse-style elevator buildings offering modern luxury and convenience in the center of Downtown Brooklyn. Enjoy all this neighborhood has to offer including proximity to every major subway line, Dekalb Market Hall, Trader Joe's, Alamo Drafthouse Movie Theatre, The Brooklyn Navy Yard and more! *Property Taxes Advertised Include the Cooperative and Condominium Tax Abatement

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