1935 Shore Pkwy APT 14A, Brooklyn, NY, 11214 | 9.6% Rental Yield

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1935 Shore Pkwy APT 14A, Brooklyn, NY, 11214 | 9.6% Rental Yield | Ziffy

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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 1935 Shore Pkwy APT 14A, Brooklyn, NY, 11214 listed at $365,000 pairs $2,921/mo rent with a $1,786/mo payment. Total monthly income runs $2,921/mo. Return on cash invested measures 14.1% in year one, and rental yield registers 9.6% at a $365,000 basis. Equity gained on principal adds $2,355/yr, and annual property appreciation at 5% supports $100,843 by year five. Five-year ROI tracks 76.2% and total cumulative return in cash totals $92,203. Financing can be arranged with Ziffy Mortgage’s DSCR loan, which qualifies using $2,921/mo property income relative to a $1,786/mo payment rather than your personal income (W2, Tax Returns, Paystubs, or 1099).

Condo

Built in 1963

N/A lot

$N/A/sqft

$1,070 monthly HOA

More details about the property

Welcome to beautiful Waterview Towers, located in the Bath Beach section of Brooklyn. This large 2 bedroom 1 bath apartment offers 1000 sq. feet and additional square footage on the terrace, for your outdoor living pleasure. It is located on the 14th floor of a 16 floor building and overlooks the boat yard, has stunning water views of Gravesend Bay from Coney Island to the Verrazano Bridge. The apartment was recently painted and offers a large living room with lots of natural light, galley kitchen with formica countertops, original refaced kitchen cabinets, tile floors in the kitchen. Two nice size bedrooms, with lots of closet space to include a double coat closet, broom closet, linen closet and double closets in the bedrooms. Amenities include: On site live-in superintendent, card operated laundry room, community room, children's playground for tenants only(with key for entry), intercom security system, night time part time security guard, wait list for parking( additional fee of $100 per month). Calvert Vaux Park is one block away, close to schools, public transportation(express bus is across the street on Cropsey Ave.) nearby shopping (BJ's, Stop and Shop, Home Depot, Caesars Bay Shopping Center, which includes Target, Kohl's, Best Buy, Five Below, Skechers) Verrazano Sports Complex, Crunch Fitness. Monthly maintenance is $1070.81, which includes gas, heat, electric, water. Additional fees: $23 per air conditioner, $10 per dishwasher per month. Sublets must be approved by the board of directors after one year. Flip tax $9,925 paid by seller. Minimum down payment 20%. Cross streets 26th Ave and Bay 44th Street. *Please note that some images have been virtually staged to better showcase the true potential of rooms and spaces in the home.

Neighborhood Data

Neighborhood data shown for ZIP Code: 11214, Brooklyn, NY area.

Housing Distribution

Housing Statistics

Category	Value
Total HU (Housing Units)	35,434 (100%)
Owner Occupied HU	10,119 (28.6%)
Renter Occupied HU	23,064 (65.1%)
Vacant Housing Units	2,251 ( 6.4%)
Median Home Value	$988,547
Average Home Value	$1,082,264