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Price: $300K - 500K
Monthly Cash Flow: 1 - 3k+
Home Type: Single Family
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A quick, investor-focused snapshot highlighting income strength, yield potential.
| Key metrics | Value |
|---|---|
| Price | $399,900 |
| Est. Rent | $3,200/mo |
| ROI | 18% |
Investment property for sale in Brooklyn at 2123 57th St #1, Brooklyn, NY, 11204 offers a 7.1% rental yield on a $1,600,000 purchase with $9,470/mo rent. 98% in year one. Equity gained on principal adds $10,325/yr while 5% annual appreciation supports $442,051 over five years. Portfolio math shows five-year ROI at 87.9% and total cumulative return in cash at $455,691. Financing is available via Ziffy Mortgage’s DSCR loan, which evaluates $9,470/mo property income against a $7,831/mo payment rather than investor’s personal income documents like W2s, Salary slips, and Tax returns.
Condo
Built in N/A
N/A lot
$N/A/sqft
$250 monthly HOA
Neighborhood data shown for ZIP Code: 11204, Brooklyn, NY area.
| Category | Value |
|---|---|
| Total HU (Housing Units) | 27,306 (100%) |
| Owner Occupied HU | 8,047 (29.5%) |
| Renter Occupied HU | 17,747 (65.0%) |
| Vacant Housing Units | 1,512 ( 5.5%) |
| Median Home Value | $1,179,764 |
| Average Home Value | $1,219,030 |
Residential
23,034
Single Family
10,770
Multi-Family
12,264
Businesses
1,899
Date | Event | Price |
|---|---|---|
| 2024-06-18 | Listed for sale | $1,600,000 |
| 2010-03-03 | Sold | $400,000 |
| 2009-07-14 | Sold | $499,000 |
Date | Tax Paid | Tax Increase Rate | Value | Value Increase Rate |
|---|---|---|---|---|
| 2023-08-13 | N/A | N/A | $59,512 | 8.47% |
| 2022-08-13 | N/A | N/A | $54,867 | 6.95% |
| 2021-08-13 | N/A | N/A | $51,303 | 55.66% |
Listed by: Avi Jachimowitz - Licensed Associate Real Estate Broker • Eretz Realty LTD
Mls Name: StreetEasy
Mls ID: #1722903
