2 Grace Ct APT 1X, Brooklyn, NY, 11201 | 9.44% Rental Yield

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2 Grace Ct APT 1X, Brooklyn, NY, 11201 | 9.44% 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 2 Grace Ct APT 1X, Brooklyn, NY, 11201 earns from $4,714/mo rent with a $2,932/mo payment. Total monthly income totals $4,714/mo. ROI tracks 17.36% on current figures, and rental yield reads 9.44% at a $599,000 purchase. Equity gained on principal adds $3,865/yr, and 5% annual appreciation supports $165,493 over five years. Five-year ROI reaches 92.31% and total cumulative return in cash sums $181,918. Financing can be set up with Ziffy Mortgage’s DSCR loan, which is driven by $4,714/mo property income instead of your personal income.

Condo

Built in 1923

N/A lot

$N/A/sqft

$1,158 monthly HOA

More details about the property

The most amazing view in all of Brooklyn! Once in a life time opportunity to get into a premier Brooklyn Heights Coop with a direct harbor and river view! Never miss a sunset! This first floor unit is well above the street level and offers a practical layout. The Western exposure lets in an abundance of natural light particularly in the afternoon and sun sets. The home features a generously sized living room, separate dining area, large bedroom, windowed kitchen and baths, and ample closet space throughout. The property is priced to account for the need of updating throughout, and is within close proximity to the BQE. Citiquiet windows quote available upon request. 1X is in the D towner of the building which has the elevator to directly access the stunning roof deck. Current assessment for roof replacement of $457 a month expiring in 6 months. About the building: 2 Grace Court is a coveted building offering amenities such as a part-time doorman (but there for all waking hours), live-in superintendent, newly renovated laundry room, bike storage, and a common roof deck with sweeping views of the Manhattan Skyline, New York Harbor, and Brooklyn. There's also communal gardens for your own urban garden. The serene, tree-lined cul-de-sac provides a unique atmosphere and historic charm. Conveniently located near the 4/5/2/3/R/A/C trains, Brooklyn Bridge Park, and the Promenade, with shops and restaurants close by.

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