279 1st St APT 2C, Brooklyn, NY, 11215 | 6.52% Rental Yield

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279 1st St APT 2C, Brooklyn, NY, 11215 | 6.52% 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 279 1st St APT 2C, Brooklyn, NY, 11215 offers a 6.52% rental yield on a $900,000 purchase with $4,892/mo rent. 02% in year one. Equity gained on principal adds $5,808/yr while 5% annual appreciation supports $248,653 over five years. Portfolio math shows five-year ROI at 62.39% and total cumulative return in cash at $184,740. Financing is available via Ziffy Mortgage’s DSCR loan, which evaluates $4,892/mo property income against a $4,405/mo payment rather than investor’s personal income documents like W2s, Salary slips, and Tax returns.

Condo

Built in 1921

N/A lot

$N/A/sqft

$867 monthly HOA

More details about the property

Bright and spacious 2-bedroom corner apartment with three open exposures in the heart of prime Park Slope. This well-maintained pre-war unit features a recently updated kitchen and bathroom, a cozy wood-burning fireplace, beautiful crown & baseboard moldings, custom built-ins, and hardwood floors. The generous bedrooms can easily fit a desk, and the open living room/kitchen layout is ideal for entertaining or family gatherings. Plus, there is plenty of storage, and a vented stacked washer/dryer. Set in a small, pet-friendly 12-unit building, this apartment includes bike storage and a 10x6 basement storage unit. Perfectly located just off 5th Avenue, you're a short stroll from JJ Byrne Playground, Prospect Park, Whole Foods, and all the amazing cafes, restaurants, and shops that make Park Slope special. Dont miss your chance to live in this sought-after neighborhood! Convenient transit options nearby include the R at Union Street, the F/G/R at 4th Avenue/9th Street, the 2/3 at Bergen Street, the Q/B at 7th Avenue, and the B63 bus.

Neighborhood Data

Neighborhood data shown for ZIP Code: 11215, Brooklyn, NY area.

Housing Distribution

Housing Statistics

Category	Value
Total HU (Housing Units)	31,113 (100%)
Owner Occupied HU	10,260 (33.0%)
Renter Occupied HU	18,447 (59.3%)
Vacant Housing Units	2,406 ( 7.7%)
Median Home Value	$1,666,185
Average Home Value	$1,587,839