2475 W 16th St APT 2J, Brooklyn, NY, 11214 | 11.51% Rental Yield

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2475 W 16th St APT 2J, Brooklyn, NY, 11214 | 11.51% 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 2475 W 16th St APT 2J, Brooklyn, NY, 11214 offers a 11.51% rental yield on a $338,000 purchase with $3,241/mo rent. 9% in year one. Equity gained on principal adds $2,181/yr while 5% annual appreciation supports $93,383 over five years. Portfolio math shows five-year ROI at 107.28% and total cumulative return in cash at $120,206. Financing is available via Ziffy Mortgage’s DSCR loan, which evaluates $3,241/mo property income against a $1,654/mo payment rather than investor’s personal income documents like W2s, Salary slips, and Tax returns.

Condo

Built in 1963

N/A lot

$N/A/sqft

$985 monthly HOA

More details about the property

Excellent Bath Beach location! Make this 1,000 sqft. two bedroom coop in Harway Terraces 2nd floor your very own! The unit boasts an ample-sized living/dining combo, galley kitchen with access to the terrace, 2 spacious bedrooms, abundant amounts of sunlight through large windows, plenty of space for multiple closets and storages spaces, 2 wall-in air conditioners, a full-time doorman and super, security cameras, card-operated laundry room, community event room, elevator access, and a waitlist for 1 car parking. Maintenance charge covers heat, electricity, water, sewer, insurance, real estate taxes, and management fee; no pets and no sublease. Amenities include easy access to the multitude of establishments along Cropsey Ave., the Calvert Vaux Park, Calvert Vaux Playground, Adventurers Amusement Park, Waterfront Park, and much more! Transportation options include immediate access to the B82, X28, X38, B64, and D99 buses, the Bay 50th St. D Train station, and the Belt Pkwy.

Neighborhood Data

Neighborhood data shown for ZIP Code: 11214, Brooklyn, NY area.

Housing Distribution

Housing Statistics

Category	Value
Total HU (Housing Units)	35,434 (100%)
Owner Occupied HU	10,119 (28.6%)
Renter Occupied HU	23,064 (65.1%)
Vacant Housing Units	2,251 ( 6.4%)
Median Home Value	$988,547
Average Home Value	$1,082,264