








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 2483 W 16th St #3D, Brooklyn, NY, 11209 offers a 11.56% rental yield on a $369,999 purchase with $3,563/mo rent. Total monthly income registers $3,563/mo, and a $1,811/mo payment leaves $59/mo available for distribution. Annual cash flow reaches $710/yr on $122,655 to close, and return on cash invested stands at 20.49% in year one. Equity gained on principal adds $2,388/yr while 5% annual appreciation supports $102,224 over five years. Portfolio math shows five-year ROI at 110.28% and total cumulative return in cash at $135,269. Financing is available via Ziffy Mortgage’s DSCR loan, which evaluates $3,563/mo property income against a $1,811/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
$1,033 monthly HOA
Neighborhood data shown for ZIP Code: 11209, Brooklyn, NY area.
| Category | Value |
|---|---|
| Total HU (Housing Units) | 33,347 (100%) |
| Owner Occupied HU | 10,175 (30.5%) |
| Renter Occupied HU | 21,237 (63.7%) |
| Vacant Housing Units | 1,935 ( 5.8%) |
| Median Home Value | $1,072,126 |
| Average Home Value | $1,081,829 |
Residential
29,004
Single Family
8,429
Multi-Family
20,575
Businesses
1,980
Date | Event | Price |
|---|---|---|
| 2024-11-04 | Price change | $369,999 |
| 2024-08-16 | Listed for sale | $380,000 |
Date | Tax Paid | Tax Increase Rate | Value | Value Increase Rate |
|---|---|---|---|---|
| No tax history data available | ||||



Listed by: Leonard (Lenny) Zbarsky • REMAX Elite
Mls Name: StreetEasy
Mls ID: #S1730492