








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 244 E 3rd St, Brooklyn, NY, 11218 projects strong ROI of 1.75%. Rental yield 1.98%. With 5% annual appreciation, the property builds $773,312 in value over five years. Equity growth combined delivers a projected five-year ROI of 6.01%, translating into $54,481 in total cumulative return on $906,876 invested capital. You can finance this property with Ziffy Mortgage’s DSCR loan, which leverages the property’s income for qualification rather than your personal income.
Multi Family
Built in 1899
N/A lot
$N/A/sqft
No HOA
Neighborhood data shown for ZIP Code: 11218, Brooklyn, NY area.
| Category | Value |
|---|---|
| Total HU (Housing Units) | 27,624 (100%) |
| Owner Occupied HU | 7,691 (27.8%) |
| Renter Occupied HU | 17,935 (64.9%) |
| Vacant Housing Units | 1,998 ( 7.2%) |
| Median Home Value | $1,054,643 |
| Average Home Value | $1,154,933 |
Residential
24,072
Single Family
6,875
Multi-Family
17,197
Businesses
1,595
Date | Event | Price |
|---|---|---|
| 2024-11-14 | Price change | $2,799,000 |
| 2024-08-08 | Listed for sale | $2,999,000 |
| 2024-07-01 | Listing removed | N/A |
Date | Tax Paid | Tax Increase Rate | Value | Value Increase Rate |
|---|---|---|---|---|
| 2023-02-13 | N/A | N/A | $86,280 | -5.89% |
| 2022-02-13 | N/A | N/A | $91,680 | 28.19% |
| 2021-02-13 | N/A | N/A | $71,520 | -11.51% |



Listed by: Joseph Giordano • Coldwell Banker Reliable Real Estate
Mls Name: StreetEasy
Mls ID: #S1729355