2741 E 28th St APT 1E, Brooklyn, NY, 11235 | $1,551/mo Cash Flow

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2741 E 28th St APT 1E, Brooklyn, NY, 11235 | $1,551/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

Investment property for sale in Brooklyn at 2741 E 28th St APT 1E, Brooklyn, NY, 11235 listed at $235,000 pairs $3,700/mo rent with a $1,150/mo payment to leave $1,551/mo cash flow. Total monthly income runs $3,700/mo, and annual cash flow reaches $18,611/yr on $77,903 cash to close. Return on cash invested measures 43.8% in year one, and rental yield registers 18.89% at a $235,000 basis. Equity gained on principal adds $1,516/yr, and annual property appreciation at 5% supports $64,926 by year five. Five-year ROI tracks 234.82% and total cumulative return in cash totals $182,932. Financing can be arranged with Ziffy Mortgage’s DSCR loan, which qualifies using $3,700/mo property income relative to a $1,150/mo payment rather than your personal income (W2, Tax Returns, Paystubs, or 1099).

Condo

Built in 1955

N/A lot

$N/A/sqft

$580 monthly HOA

More details about the property

This generously sized one-bedroom co-op apartment, recently renovated, offers 800 square feet of living space. With all windows facing the tranquil courtyard, it is located just three blocks from the waterfront within a private, gated co-op community in a well-maintained brick building with an elevator. The apartment features a spacious living room with beautiful hardwood floors, a modern kitchen equipped with granite countertops, new cabinets, a dishwasher, and a Samsung two-in-one washer/dryer, as well as a newly renovated bathroom with all-new appliances . Both the kitchen and bathroom have windows, providing ample natural light and a bright, inviting atmosphere. The monthly maintenance fee of $579.67 includes gas, heat, water, and electricity, with an additional assessment of $63.60 until January 2025. Installation of a dishwasher is permitted. The apartment is conveniently close to shopping and transportation, with a short walk to Sheepshead Bay, Emmons Ave, and Nostrand Ave. Building amenities include laundry facilities, bike storage, and general storage rooms in the basement. It features 24-hour camera security and a live-in superintendent. Parking is available via a waiting list for outdoor parking at $40 per month and indoor parking at $50 per month. Subleasing is not allowed. The location offers easy access to stores like Stop and Shop, Netcost Market, Petco, Marshalls, and a 24-hour Rite Aid, and is just two blocks from the B4, B36, B44, and BM3 Express buses. RE Broker Oleg Salykine 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