








A quick, investor-focused snapshot highlighting income strength, yield potential.
| Key metrics | Value |
|---|---|
| Price | $399,900 |
| Est. Rent | $3,200/mo |
| ROI | 18% |


Rental property for sale in Brooklyn at 189 Schermerhorn St APT 3S, Brooklyn, NY, 11201 priced at $800,000 converts $4,792/mo rent into after a $3,916/mo obligation. Total monthly income equals $4,792/mo. Return on cash invested prints 14.13% in year one, and rental yield reads 7.19% against a $800,000 entry. Equity gained on principal adds $5,162/yr, while 5% annual appreciation compiles into $221,025 by year five. Five-year ROI reaches 73.74% and total cumulative return in cash sums $194,072. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $4,792/mo property income covering a $3,916/mo payment, not borrower’s personal income.
Condo
Built in 2007
N/A lot
$N/A/sqft
$749 monthly HOA
Neighborhood data shown for ZIP Code: 11201, Brooklyn, NY area.
| 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 |
Residential
37,887
Single Family
2,025
Multi-Family
35,862
Businesses
3,130
Date | Event | Price |
|---|---|---|
| 2025-01-06 | Listed for sale | $800,000 |
| 2023-07-11 | Listing removed | N/A |
| 2023-07-04 | Listed for rent | $3,950 |
Date | Tax Paid | Tax Increase Rate | Value | Value Increase Rate |
|---|---|---|---|---|
| 2023-01-11 | N/A | N/A | $99,214 | 14.77% |
| 2022-01-11 | N/A | N/A | $86,448 | 22.86% |
| 2021-01-11 | N/A | N/A | $70,364 | -12.24% |



Listed by: Lauren Gallagher • Daniel Gale Sotheby's International Realty
Mls Name: StreetEasy
Mls ID: #S1748309