274 Knickerbocker Ave, Brooklyn, NY, 11237 | ROI: 13.28%

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274 Knickerbocker Ave, Brooklyn, NY, 11237 | ROI: 13.28% | 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

Investment property for sale in Brooklyn at 274 Knickerbocker Ave, Brooklyn, NY, 11237 projects strong ROI of 13.28%. Rental yield 5.72%. With 5% annual appreciation, the property builds $580,191 in value over five years. Equity growth combined delivers a projected five-year ROI of 67.85%, translating into $461,627 in total cumulative return on $680,400 invested capital. You can finance this property with Ziffy Mortgage’s DSCR loan, which leverages the property’s income for qualification rather than your personal income.

Multi Family

Built in 1931

N/A lot

$N/A/sqft

No HOA

More details about the property

This 3-story mixed-use building in a prime Brooklyn neighborhood presents an exciting investment opportunity. The property currently features 2 commercial units and 1 residential unit, all of which require comprehensive renovation. The building sits on a prime lot, offering excellent visibility and accessibility. With its vintage charm and potential for transformation, 274 Knickerbocker Ave is an ideal candidate for an investor or developer looking to reposition a property and unlock its full value. Key details: - Total building size:6250 sq ft - 2 commercial units (2500 sq ft each) - 1 residential unit (1250 sq ft) - Well-located on a busy blocK -r6 -5500 buildable sqft - Zoned for mixed commercial/residential use - In need of complete interior and exterior renovation - Excellent potential to modernize and upgrade - Opportunity to add additional residential units (subject to permits) This is an exciting chance to acquire a multifaceted property in a highly desirable Brooklyn neighborhood. With the right vision and skillful renovations, 274 Knickerbocker Ave can be transformed into a thriving mixed-use asset. Contact us today to schedule a private showing and discuss the possibilities.

Neighborhood Data

Neighborhood data shown for ZIP Code: 11237, Brooklyn, NY area.

Housing Distribution

Housing Statistics

Category	Value
Total HU (Housing Units)	18,694 (100%)
Owner Occupied HU	1,484 ( 7.9%)
Renter Occupied HU	16,088 (86.1%)
Vacant Housing Units	1,122 ( 6.0%)
Median Home Value	$1,120,000
Average Home Value	$1,169,593