2475 W 16th St APT 8B, Brooklyn, NY, 11214 | 9.73% Rental Yield

Save Search

Filters Applied

EditEdit Filters

Filters Applied:

Price: $300K - 500K

Monthly Cash Flow: 1 - 3k+

Home Type: Single Family

EditEdit Filters

2475 W 16th St APT 8B, Brooklyn, NY, 11214 | 9.73% Rental Yield | Ziffy

For Sale

Ziffy Mortgage

NMLS #2625701

Get Pre-Approved

Nearby investment properties with comparable rents

2 Bed
1 Bath
1000 sft

2475 W 16th St APT 17F, Brooklyn, NY, 11214

2 Bed
1 Bath
1000 sft

2475 W 16th St APT 9E, Brooklyn, NY, 11214

2 Bed
2 Bath
1016 sft

181 Norwood Ave, Laurence Harbor, NJ, 08879

2 Bed
2 Bath
1276 sft

95 Reynolds Ct, Matawan, NJ, 07747

Nearby investment properties with comparable prices

2 Bed
2 Bath
1088 sft

106 Fairfield Ave, Fords, NJ, 08863

3 Bed
3 Bath
- sft

904 Montague Ave, Iselin, NJ, 08830

2 Bed
3 Bath
- sft

17 Giera Ct #128, Parlin, NJ, 08859

4 Bed
2 Bath
- sft

113 S Pine Ave, South Amboy, NJ, 08879

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

Explore more listings using simple english

Investment Highlights

Rental property for sale in Brooklyn at 2475 W 16th St APT 8B, Brooklyn, NY, 11214 generates $3,241/mo in rent, after a $1,957/mo payment. Total monthly income is $3,241/mo. Return on cash invested sits at 17.18% in year one, and rental yield is 9.73% on a $399,888 entry. Equity gained on principal adds $2,580/yr, while 5% annual appreciation builds toward $110,482 over five years. Five-year ROI reaches 91.71% and total cumulative return in cash sums $121,577. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $3,241/mo property income rather than buyer’s personal income.

Condo

Built in 1963

N/A lot

$N/A/sqft

$872 monthly HOA

More details about the property

This spacious two-bedroom, one-bath co-op is located on the 8th floor of a well-maintained, amenity-rich building in Bath Beach, Brooklyn. Offering approximately 1,000 square feet of thoughtfully designed living space, the residence features modern upgrades that blend comfort and convenience. The large, sun-filled living room boasts brand-new flooring, freshly painted walls, and oversized windows that bring in abundant natural light. The fully renovated eat-in kitchen is equipped with sleek cabinetry, gleaming countertops, and a full suite of stainless steel appliances, including a refrigerator, stove, and dishwasher. A private terrace extends from the kitchen, providing a relaxing outdoor space with panoramic views of the neighborhood. The two generously sized bedrooms offer ample space for a queen or king bed, with large windows that enhance the bright and cozy atmosphere. The stylishly renovated bathroom features chic pink floor tiles, glossy tiled walls, modern fixtures, and a deep soaking shower. Additional hallway closets provide extra storage for linens and essentials. The building offers convenient amenities, including a 24-hour doorman, on-site laundry room, and available resident parking. Located in the Bath Beach neighborhood, known for its waterfront promenade, community parks, and welcoming atmosphere, this home provides the perfect balance of city living and coastal charm.

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