2475 W 16th St APT 9E, Brooklyn, NY, 11214 | $703/mo Cash Flow

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2475 W 16th St APT 9E, Brooklyn, NY, 11214 | $703/mo Cash Flow | 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 9E, Brooklyn, NY, 11214 earns $703/mo cash flow from $3,241/mo rent with a $1,860/mo payment. Total monthly income totals $3,241/mo, and annual cash flow totals $8,440/yr on $125,970 capital. ROI tracks 26.61% on current figures, and rental yield reads 10.23% at a $380,000 purchase. Equity gained on principal adds $2,452/yr, and 5% annual appreciation supports $104,987 over five years. Five-year ROI reaches 139.42% and total cumulative return in cash sums $175,633. Financing can be set up with Ziffy Mortgage’s DSCR loan, which is driven by $3,241/mo property income instead of your personal income.

Condo

Built in 1963

N/A lot

$N/A/sqft

No HOA

More details about the property

Very spacious, 1,000 sq. ft. 2-bed/1-bath co-op on 9th floor with northern exposure and unobstructed, impressive views. The apartment features an entrance hall with a large closet, a bright, large Livingroom with 3 windows, a kitchen that opens up into a dining room with access to a terrace, an amazing amount of storage space (six very large closets throughout the apartment including 2 in the bedroom), and two large bright bedrooms. The low maintenance of $1,035 includes Electric, Gas, Heat, Water, Real Estate Tax, etc. Extra $25 per wall-unit A/C. There is a short waiting list for parking ($60 a month) but always plenty of street parking around the building. Building amenities include a well-maintained lobby area, 24-hour security, laundry room, and outside playground. Close to all forms of transportation, D, F, and N train, buses, express buses, schools, parks, and shopping. Cats only. No Sublet.

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