2650 Ocean Pkwy APT 10-B, Brooklyn, NY, 11235 | $507/mo Cash Flow

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Monthly Cash Flow: 1 - 3k+

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2650 Ocean Pkwy APT 10-B, Brooklyn, NY, 11235 | $507/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 2650 Ocean Pkwy APT 10-B, Brooklyn, NY, 11235 listed at $329,000 pairs $2,704/mo rent with a $1,610/mo payment to leave $507/mo cash flow. Total monthly income runs $2,704/mo, and annual cash flow reaches $6,087/yr on $109,064 cash to close. Return on cash invested measures 25.49% in year one, and rental yield registers 9.86% at a $329,000 basis. Equity gained on principal adds $2,123/yr, and annual property appreciation at 5% supports $90,897 by year five. Five-year ROI tracks 133.45% and total cumulative return in cash totals $145,545. Financing can be arranged with Ziffy Mortgage’s DSCR loan, which qualifies using $2,704/mo property income relative to a $1,610/mo payment rather than your personal income (W2, Tax Returns, Paystubs, or 1099).

Condo

Built in 1962

N/A lot

$N/A/sqft

No HOA

More details about the property

Large 1-bed 850 Sf, A gut-renovated apartment. New plumbing, electrical, and all new finishes. Freshly painted walls. New kitchen with quartz countertops and modern stainless steel appliances. New bathroom with a window and all new fixtures. 4 new custom glass sliding doors and modern closets. Custom-ordered radiator covers. Sun-filled apartment with unobstructed views of Coney Island and Verrazano Bridge. Pets allowed. Sublet with board approval. Full-time doorman, building, pool, gym, bike room, and garage. Near transportation and stores, close to Brighton Beach.

Neighborhood Data

Neighborhood data shown for ZIP Code: 11235, Brooklyn, NY area.

Housing Distribution

Housing Statistics

Category	Value
Total HU (Housing Units)	35,528 (100%)
Owner Occupied HU	12,309 (34.6%)
Renter Occupied HU	21,027 (59.2%)
Vacant Housing Units	2,192 ( 6.2%)
Median Home Value	$818,168
Average Home Value	$852,087