189 Schermerhorn St APT 5P, Brooklyn, NY, 11201 | 5.14% Rental Yield

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189 Schermerhorn St APT 5P, Brooklyn, NY, 11201 | 5.14% 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 189 Schermerhorn St APT 5P, Brooklyn, NY, 11201 listed at $875,000 pairs $3,745/mo rent with a $4,283/mo payment. Total monthly income runs $3,745/mo. Return on cash invested measures 11.31% in year one, and rental yield registers 5.14% at a $875,000 basis. Equity gained on principal adds $5,646/yr, and annual property appreciation at 5% supports $241,746 by year five. Five-year ROI tracks 57.36% and total cumulative return in cash totals $165,119. Financing can be arranged with Ziffy Mortgage’s DSCR loan, which qualifies using $3,745/mo property income relative to a $4,283/mo payment rather than your personal income (W2, Tax Returns, Paystubs, or 1099).

Condo

Built in 2007

N/A lot

$N/A/sqft

No HOA

More details about the property

Dont miss this Downtown Brooklyn gem! This one-bedroom, one-bath home perfectly blends comfort, style, and convenience. Bathed in southern natural light through floor-to-ceiling windows, the open living space features hardwood floors, high ceilings, and sweeping views of the skyline, rooftops, and lush green treetops from both the living room and bedroom. The modern chef's kitchen with stainless steel appliances flows seamlessly into the living area for entertaining and relaxing at home. Building amenities include a landscaped courtyard, resident lounge, game room, fitness center, 24-hour attended lobby, on-site laundry, parking garage, and a live-in super. The highlight is the rooftop deck with cabanas and breathtaking skyline viewsa serene escape above the city. Located nearby premier shopping, dining, cultural attractions, and multiple subway lines, Unit 5P puts all of Downtown Brooklyn at your doorstep! Send message for more details to schedule your private viewing!

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