2630 Cropsey Ave APT 8D, Brooklyn, NY, 11214 | 10.56% Rental Yield

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2630 Cropsey Ave APT 8D, Brooklyn, NY, 11214 | 10.56% 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 2630 Cropsey Ave APT 8D, Brooklyn, NY, 11214 listed at $435,000 pairs $3,827/mo rent with a $2,129/mo payment. Total monthly income runs $3,827/mo. Return on cash invested measures 18.79% in year one, and rental yield registers 10.56% at a $435,000 basis. Equity gained on principal adds $2,807/yr, and annual property appreciation at 5% supports $120,182 by year five. Five-year ROI tracks 100.68% and total cumulative return in cash totals $145,188. Financing can be arranged with Ziffy Mortgage’s DSCR loan, which qualifies using $3,827/mo property income relative to a $2,129/mo payment rather than your personal income (W2, Tax Returns, Paystubs, or 1099).

Condo

Built in 1963

N/A lot

$N/A/sqft

$1,057 monthly HOA

More details about the property

Welcome to Waterview Towers, located in the Bath Beach section of Brooklyn. This beautifully updated 2-bedroom, 1-bathroom coop is located on the 8th floor of a 16 story building. This stunning corner apt. offers a blend of modern style and comfort. Enjoy breathtaking views of the iconic Verrazano Bridge and stunning sunsets from your own home, all while basking in an abundance of natural sunlight that floods every room. The spacious living areas are complemented by stylish laminate flooring throughout, adding warmth and charm to every room. The updated kitchen features sleek, wood cabinets, elegant quartz countertops, a tasteful tiled backsplash and stainless steel appliances perfect for cooking and entertaining. The updated bathroom offers a spa-like retreat, with elegant tiled walls, a modern vanity, and thoughtful design touches. Ample closet space is provided, with modern wood closet doors ensuring an organized and polished look. Move in ready. Amenities include on site live-in superintendent, card operated laundry room, community room, children's playground for tenants only (with key for entry), intercom security system, nighttime part-time security guard, wait list for parking(additional fee of $100 per month). Close to Calvert Vaux Park, schools, public transportation(express bus is across the street), nearby shopping (BJ's, Food Bazaar, Home Depot, Walgreens, Caesars Bay Shopping Center which includes Target, Kohl's, Best Buy, Five Below, Skechers), Verrazano Sports Complex, Crunch Fitness. Monthly maintenance is $1057.70, which includes electric, gas, heat, water. Additional fees: $23 per air conditioner, $10 dishwasher per month. Sublets must be approved by the board of directors. Must live in the apt minimum of one year. Flip tax $9,925 paid by seller. Minimum down payment 20%. Cross streets 26th Ave and Bay 44th Street.

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