2530 Pitkin AvenueBrooklynNY11208
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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
Investment Highlights
Rental property for sale in Brooklyn at 2530 Pitkin Avenue, Brooklyn, NY, 11208 priced at $1,180,000 converts $3,962/mo rent into after a $5,776/mo obligation. Total monthly income equals $3,962/mo. Return on cash invested prints 8.07% in year one, and rental yield reads 4.03% against a $1,180,000 entry. Equity gained on principal adds $7,614/yr, while 5% annual appreciation compiles into $326,012 by year five. Five-year ROI reaches 39.92% and total cumulative return in cash sums $152,624. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $3,962/mo property income covering a $5,776/mo payment, not borrower’s personal income.
Multi Family
Built in 1900
1,400 sqft lot
$N/A/sqft
No HOA
More details about the property
Neighborhood Data
Neighborhood data shown for ZIP Code: 11208, Brooklyn, NY area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 34,468 (100%) |
| Owner Occupied HU | 7,826 (22.7%) |
| Renter Occupied HU | 24,418 (70.8%) |
| Vacant Housing Units | 2,224 ( 6.5%) |
| Median Home Value | $663,355 |
| Average Home Value | $691,267 |
Housing Distribution
Address Breakdown
Residential
24,478
Single Family
12,077
Multi-Family
12,401
Businesses
1,456
Price History
Date | Event | Price |
|---|---|---|
| 2024-12-05 | Price change | $1,180,000 |
| 2024-09-20 | Listed for sale | $1,080,000 |
| 2024-07-18 | Listing removed | N/A |
Tax History
Date | Tax Paid | Tax Increase Rate | Value | Value Increase Rate |
|---|---|---|---|---|
| 2023-02-13 | N/A | N/A | $52,500 | 19.05% |
| 2022-02-13 | N/A | N/A | $44,100 | 13.95% |
| 2021-02-13 | N/A | N/A | $38,700 | 30.57% |
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Nearby investment properties with comparable prices
Facts & Features
General Information
- Type: MultiFamily
- Year Built: 1900
- Architectural Style: Other
- Building Area: N/A
- Living Area: N/A
- Property Condition: N/A
Features & Amenities
- Heating: Natural Gas, Other
- Cooling: N/A
- Flooring: N/A
- Interior Features: N/A
- Exterior Features: N/A
- Parking Features: None
HOA & Fees
- HOA Fee: N/A
- Association Fee: N/A
- Fees & Dues: N/A
- Association Amenities: N/A
- Association Fee Includes: N/A
Utilities
- Utilities: N/A
- Sewer: Other
- Water Source: N/A
- Road Surface Type: N/A
School Information
- Elementary School: N/A
- Middle School: Academy For Young Writers
- High School: Brooklyn Lab School
What's Special
See Remarks
Listed by: Yuantao Chen • Winzone Realty Inc
Mls Name: OneKey MLS
Mls Provider:
Mls ID: #L3537936
Disclaimer: The data relating to real estate for sale or lease on this web site comes in part from OneKey MLS. Real estate listings held by brokerage firms other than Zillow, Inc are marked with the OneKey MLS logo or an abbreviated logo and detailed information about them includes the name of the listing broker. IDX information is provided exclusively for personal, non-commercial use, and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is deemed reliable but not guaranteed. Copyright 2025 OneKey MLS. All rights reserved.