2630 Cropsey Ave APT 9K, Brooklyn, NY, 11214 | 9.47% Rental Yield

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2630 Cropsey Ave APT 9K, Brooklyn, NY, 11214 | 9.47% 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 9K, Brooklyn, NY, 11214 offers a 9.47% rental yield on a $370,000 purchase with $2,921/mo rent. 96% 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 75.38% and total cumulative return in cash at $92,453. Financing is available via Ziffy Mortgage’s DSCR loan, which evaluates $2,921/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

$1,058 monthly HOA

More details about the property

Welcome to beautiful and well-maintained Waterview Towers, located in the Bath Beach section of Brooklyn. This large 2-bedroom one bath coop apt. is located on the 9th floor of a 16-floor building. It faces Cropsey Ave with views of both Manhattan and Coney Island. The apt. was recently painted and offers a large living room with lots of natural sunlight, tiled kitchen floor, original galley kitchen with butcher block countertops, and attached dining area. Parquet flooring upon entry in the hallway, carpeting in the living room, hallway and bedrooms has been recently steam cleaned. Two nice sized bedrooms, with large closets, as well as a double coat closet, linen and broom closet. Beautiful apt. with opportunities to update and make it your own. 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). Calvert Vaux Park is minutes away, close to schools, public transportation (express bus is across the street on Cropsey Ave.) nearby shopping (BJ's, Stop and Shop, Home Depot, 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 gas, heat, electric, water. Additional fees: $23 per air conditioner, $10 per dishwasher per month. Sublets must be approved by the board of directors after 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