2 Grace Ct APT 5W, Brooklyn, NY, 11201 | $774/mo Cash Flow

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2 Grace Ct APT 5W, Brooklyn, NY, 11201 | $774/mo Cash Flow | 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 2 Grace Ct APT 5W, Brooklyn, NY, 11201 offers a 12% rental yield on a $629,875 purchase with $6,300/mo rent. Total monthly income registers $6,300/mo, and a $3,083/mo payment leaves $774/mo available for distribution. Annual cash flow reaches $9,285/yr on $207,229 to close, and return on cash invested stands at 24.54% in year one. Equity gained on principal adds $4,064/yr while 5% annual appreciation supports $174,023 over five years. Portfolio math shows five-year ROI at 131.06% and total cumulative return in cash at $271,591. Financing is available via Ziffy Mortgage’s DSCR loan, which evaluates $6,300/mo property income against a $3,083/mo payment rather than investor’s personal income documents like W2s, Salary slips, and Tax returns.

Condo

Built in 1923

N/A lot

$N/A/sqft

$1,320 monthly HOA

More details about the property

** Sponsor sale no board approval** Never miss a sun set or sun rise over the NYC Harbor! Welcome to 2 Grace Court, apartment 5W, a true one of a kind opportunity Sponsor Sale in the renowned full service coop nestled in the heart of Brooklyn Heights. This 1-bedroom gem offers NYC harbor views which are unparalleled by any other 1 bedroom in the market. The classic prewar home which has was owned by the same family for 50 years and is now ready for a complete renovation. As you step inside, you are greeted by high ceilings that create an airy ambiance throughout the entire apartment. The entry foyer is spacious. The kitchen has wonderful potential to be eat in and has corner exposure including west over the River. The living room is perfect for entertaining and has plenty of space for a formal dining area. The bedroom is generously-sized, providing space for relaxation and rest and also a flex space for a home office. With both northern and Western exposure you can wake up to a magnificent view. Generous closet space through out. Situated just a 1 floor down from the common roof deck, you'll have easy access to a serene space where you can unwind and enjoy breathtaking NYC harbor views. The building also offers a full laundry facility, common backyard with gardening plots, bike storage, and storage lockers (by wait list and fee). The Coop is full service with a doorman 6am-midnight weekdays and 10am-6pm weekends. There is also a live-in super and porter on staff daily with the doorman. The tree-lined block, ending in a cul-de-sac, adds to the tranquility of the area, creating a truly unique atmosphere and energy surrounding the historic building. 2 Grace is also very well connected to transit as it is within short proximity to the 4/5/2/3/R/A/C trains and all the shops and restaurants of BK Heights and surrounding neighborhoods. Brooklyn Bridge Park and the Promenade are only 2 blocks away! Don't miss the opportunity to make 2 Grace Court your new home. Schedule a showing today and experience the charm and tranquility of this remarkable coop apartment. Please note that this sponsor sale included additional closing costs. Current monthly assessment of $466.76 for the roof replacement project which will conclude June of 2025.

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