2717 E 28th St APT 1F, Brooklyn, NY, 11235 | $1,357/mo Cash Flow

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2717 E 28th St APT 1F, Brooklyn, NY, 11235 | $1,357/mo Cash Flow | Ziffy

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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

Rental property for sale in Brooklyn at 2717 E 28th St APT 1F, Brooklyn, NY, 11235 generates $3,700/mo in rent and, after a $1,292/mo payment, leaves $1,357/mo in cash flow. Total monthly income is $3,700/mo, and annual cash flow is $16,286/yr on $87,516 invested. Return on cash invested sits at 38.52% in year one, and rental yield is 16.82% on a $264,000 entry. Equity gained on principal adds $1,704/yr, while 5% annual appreciation builds toward $72,938 over five years. Five-year ROI reaches 206.2% and total cumulative return in cash sums $180,457. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $3,700/mo property income rather than buyer’s personal income.

Condo

Built in 1955

N/A lot

$N/A/sqft

$580 monthly HOA

More details about the property

This spacious one-bedroom co-op apartment, after renovation, boasts 800 square feet of living space and is conveniently located on the high first floor. All windows look out onto the courtyard. It's situated just three blocks from the waterfront in a private, gated co-op community within a well-maintained brick building featuring an elevator. The apartment includes a generously sized living room with beautiful hardwood floors. The new kitchen, with an artificial countertop, and the new bathroom, with all new appliances, both have windows, allowing for ample natural light and a bright, welcoming atmosphere. The kitchen is equipped with Electrolux washers and dryers. The low monthly maintenance fee of $579.67 covers gas, heat, water, and electricity, and there is an additional assessment of $63.60 in effect until January 2025. Installation of a dishwasher is allowed. This apartment is close to shopping and transportation, with a short walk to Sheepshead Bay, Emmons Ave, and Nostrand Ave. The building offers amenities such as laundry facilities, bike storage, and general storage rooms in the basement. It is equipped with 24-hour camera security and has a live-in superintendent. Parking options include a waiting list for outdoor parking at $40 per month and indoor parking at $50 per month. Subleasing is not permitted. The location provides easy access to stores like Stop and Shop, Netcost Market, Petco, Marshalls, and a 24-hour Rite Aid. Additionally, it is just two blocks from the B4, B36, B44, and BM3 Express buses. RE Broker Oleg Salykine cell. 646-363-OLEG

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