2963 Ocean Pkwy APT 3F, Brooklyn, NY, 11235 | $207/mo Cash Flow

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2963 Ocean Pkwy APT 3F, Brooklyn, NY, 11235 | $207/mo Cash Flow | 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 2963 Ocean Pkwy APT 3F, Brooklyn, NY, 11235 listed at $439,000 pairs $3,139/mo rent with a $2,149/mo payment to leave $207/mo cash flow. Total monthly income runs $3,139/mo, and annual cash flow reaches $2,485/yr on $145,529 cash to close. Return on cash invested measures 21.62% in year one, and rental yield registers 8.58% at a $439,000 basis. Equity gained on principal adds $2,833/yr, and annual property appreciation at 5% supports $121,288 by year five. Five-year ROI tracks 112.67% and total cumulative return in cash totals $163,964. Financing can be arranged with Ziffy Mortgage’s DSCR loan, which qualifies using $3,139/mo property income relative to a $2,149/mo payment rather than your personal income (W2, Tax Returns, Paystubs, or 1099).

Condo

Built in 1938

N/A lot

$N/A/sqft

No HOA

More details about the property

Welcome to this bright and spacious one-bedroom residence on the third floor of a boutique condominium. As the largest one-bedroom layout in the building, this top-floor home offers both comfort and flexibility. The apartment features an expansive eat-in kitchen with a window, a windowed bathroom, and an oversized bedroom that can easily be converted into two rooms to suit your needs. A generous living room with multiple exposures fills the space with natural light, and a private balcony provides open city views, perfect for enjoying your morning coffee or an evening breeze. A washer and dryer can be installed in the unit, and there is also a shared laundry area in the building. The monthly common charge of $524 includes heat, gas, and water, while the monthly taxes are approximately $684. The apartment is equipped with a thermostat that allows you to control the heating. The building is pet-friendly and does not require board approval, making the purchase process simple and flexible. Subletting is allowed from day one, offering a great opportunity for both end users and investors. The location is exceptional, just moments from the beach and boardwalk, near Luna Park, New York Aquarium, local supermarkets, restaurants, and convenient access to public transportation. This is a perfect blend of comfort, convenience, and investment potential in one of Brighton Beachs most desirable area

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