2 Grace Ct APT 1T, Brooklyn, NY, 11201 | 5.7% Rental Yield

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2 Grace Ct APT 1T, Brooklyn, NY, 11201 | 5.7% 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

Rental property for sale in Brooklyn at 2 Grace Ct APT 1T, Brooklyn, NY, 11201 offers $3,684/mo rent that, after a $3,793/mo payment. Total monthly income is $3,684/mo. Return on cash invested measures 8.54% in year one, and rental yield stands at 5.7% at a $775,000 entry. Equity gained on principal adds $5,001/yr while 5% annual appreciation compounds into $214,118 by year five. Five-year ROI records 44.13% and total cumulative return in cash reaches $112,519. Lending can use Ziffy Mortgage’s DSCR loan, which structures approval around $3,684/mo property income versus a $3,793/mo payment rather than borrower’s personal income verification through W2s, Salary slips, and Tax returns.

Condo

Built in 1923

N/A lot

$N/A/sqft

$956 monthly HOA

More details about the property

Nestled in the heart of historic Brooklyn Heights, this beautifully renovated one-bedroom apartment at 2 Grace Court offers a perfect blend of pre-war charm and modern convenience. Situated in a distinguished six-story cooperative designed by Mortimer Freehof in 1922-23, the building boasts an elevated position with breathtaking views of New York Harbor and the Manhattan skyline. Live within arms reach of the rich and historically notable heart of Brooklyn right on the water. This thoughtfully updated home features a spacious and airy layout with hardwood floors, high ceilings, and oversized windows that invite in abundant natural light. The renovated kitchen is equipped with sleek cabinetry, stainless steel appliances, and quartz countertops, making it ideal for cooking and entertaining. The bedroom is generously sized with ample space, while the updated bathroom offers stylish finishes and contemporary fixtures. 2 Grace Court is known for its beautifully landscaped garden courtyard entrance and grand formal lobby attended by a doorman that connects four wings, each with its own elevator. Residents enjoy the convenience of a full service white glove residence experience. The rooftop deck provides unparalleled panoramic views, offering a perfect retreat to take in the citys skyline and waterfront. This pet-friendly cooperative allows subletting and W/D with Board approval. Located on a peaceful cul-de-sac, on the Brooklyn Heights Promenade, enjoy a neighborhood abundant with charming cafes, boutique shops, and easy subway access, this is a rare opportunity to own a move-in-ready home with elegant pre-war details in one of Brooklyns most coveted neighborhoods.

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