3 4th Pl APT 6, Brooklyn, NY, 11231 | 7.36% Rental Yield

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3 4th Pl APT 6, Brooklyn, NY, 11231 | 7.36% 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 3 4th Pl APT 6, Brooklyn, NY, 11231 with 5% annual appreciation on a $650,000 basis while $3,989/mo rent supports operations. 14% in year one. Equity gained on principal adds $4,194/yr, and five-year appreciation sums $179,583 alongside rental yield of 7.36%. Five-year ROI measures 68.95% and total cumulative return in cash totals $147,446. Investors can finance this property with Ziffy Mortgage’s DSCR loan that underwrites to $3,989/mo property income versus a $3,181/mo payment rather than your W2s, Paystubs, Tax returns, or 1099 forms.

Condo

Built in 1910

N/A lot

$N/A/sqft

$882 monthly HOA

More details about the property

Picturesque and Light Filled Nestled on one of the most bucolic, tree-lined streets in Carroll Gardens, Residence 6 offers a rare blend of tranquility and modern convenience. Perched just two flights up, this sun-drenched home welcomes you with peaceful treetop views. Inside, you will find a thoughtfully renovated and open kitchen featuring marble countertops, a dishwasher, and an abundance of cabinetry. This intimate, well-maintained building includes shared laundry facilities, bike storage, and a most beautiful lush, front garden. A serene escape in the heart of one of Brooklyn's most beloved neighborhoods, this home is not to be missed. 3 4th Place is surrounded by neighborhood favorites including Henry's Local, Nelli's, Frankies 457, Lucali, Court Street Grocers, and so much more. It is located off the F/G Carroll Street Stop (2nd Place Entrance).

Neighborhood Data

Neighborhood data shown for ZIP Code: 11231, Brooklyn, NY area.

Housing Distribution

Housing Statistics

Category	Value
Total HU (Housing Units)	17,446 (100%)
Owner Occupied HU	4,101 (23.5%)
Renter Occupied HU	12,031 (69.0%)
Vacant Housing Units	1,314 ( 7.5%)
Median Home Value	$1,765,973
Average Home Value	$1,624,888