279 1st St APT 4C, Brooklyn, NY, 11215 | 6.38% Rental Yield

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279 1st St APT 4C, Brooklyn, NY, 11215 | 6.38% 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

Rental property for sale in Brooklyn at 279 1st St APT 4C, Brooklyn, NY, 11215 generates $5,288/mo in rent, after a $4,870/mo payment. Total monthly income is $5,288/mo. Return on cash invested sits at 11.53% in year one, and rental yield is 6.38% on a $995,000 entry. Equity gained on principal adds $6,421/yr, while 5% annual appreciation builds toward $274,900 over five years. Five-year ROI reaches 59.8% and total cumulative return in cash sums $195,774. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $5,288/mo property income rather than buyer’s personal income.

Condo

Built in 1921

N/A lot

$N/A/sqft

$971 monthly HOA

More details about the property

Welcome to your urban oasis in the heart of Brooklyn! This charming two bedroom co-op offers an inviting blend of modern amenities and classic appeal with a massive roof deck. A windowed kitchen with Quartz countertops and high end appliances (Wolf/Liebherr/Bosch) pairs beautifully with decorative moldings and a working wood burning fireplace. Sleek radiators are paired with a new Mitsubishi Split System that provides both cooling and alternative/additional heating. The corner living room has room for a dining table, seating and accent shelving with copious light through north and east facing windows. Tucked in the hallway closet are hookups for a vented washer/dryer. The split bedrooms give the apartment a rambly vibe and keep the use of space efficient without long hallways. If you need extra room, a large storage area comes with the apartment in the basement. For those who love outdoor living, the second half of the apartment is one flight up! The private roof deck doubles your livable space and provides a serene retreat with stunning city views. Whether you're hosting a summer barbecue or unwinding with a book, the roof deck is sure to become your favorite spot through the warm months until you transition to curling up by the fireplace. 279 1st Street is a pet friendly, 12 unit coop just off 5th Ave in the bustling heart beat of Park Slope. With so many great restaurants and retail, the home makes for a great hub to center your life. Around the corner you can enjoy neighborhood staples like JJ Byrne Park, Stone Park Cafe, Simple Loaf, Le Fleur Rouge and Chela. 279 1st is also just a few minutes from Whole Foods and the R/F trains and the B61, B63 and B103 buses.

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