306 Gold St APT 6L, Brooklyn, NY, 11201 | 7.65% Rental Yield

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306 Gold St APT 6L, Brooklyn, NY, 11201 | 7.65% 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 306 Gold St APT 6L, Brooklyn, NY, 11201 earns from $4,842/mo rent with a $3,720/mo payment. Total monthly income totals $4,842/mo. ROI tracks 18.94% on current figures, and rental yield reads 7.65% at a $760,000 purchase. Equity gained on principal adds $4,904/yr, and 5% annual appreciation supports $209,974 over five years. Five-year ROI reaches 98.26% and total cumulative return in cash sums $245,677. Financing can be set up with Ziffy Mortgage’s DSCR loan, which is driven by $4,842/mo property income instead of your personal income.

Condo

Built in 2005

N/A lot

$N/A/sqft

No HOA

More details about the property

OPEN HOUSES AND SHOWINGS BY APPT ONLY! This oversized alcove studio at The Oro offers more than 700 sq ft of thoughtfully designed living space easily rivaling many one-bedrooms with an expansive 20' long footprint that also accommodates a true dining space plus an office area. The custom-built sleeping space with its own closet and cabinetry maximizes functionality, while hardwood floors, high ceilings, and oversized west-facing windows provide warm natural light throughout the day. The functional kitchen features GE stainless steel appliances, quartz countertops, lacquer cabinetry, and a glass subway tile backsplash. The bathroom is finished with Durango stone, a soaking tub, generous vanity storage, and mirrored built-ins. A Bosch washer/dryer, spacious foyer, and multiple closets complete the offering. The Oro provides a full suite of amenities: 24-hour concierge and live-in superintendent, two-story fitness center, 50-foot heated pool, sauna, basketball/racquetball court, resident lounge with Wi-Fi, and a screening room with theater-style seating. Centrally located in Downtown Brooklyn, the condo is surrounded by shops, dining, and cultural destinations, including City Point with Trader Joes, Target, and DeKalb Market Hall. Transit access couldnt be easier with the A, C, F, Q, B, R, 2, 3, 4, and 5 trains, as well as the Brooklyn and Manhattan Bridges and the BQE just minutes away.

Neighborhood Data

Neighborhood data shown for ZIP Code: 11201, Brooklyn, NY area.

Housing Distribution

Housing Statistics

Category	Value
Total HU (Housing Units)	38,878 (100%)
Owner Occupied HU	10,690 (27.5%)
Renter Occupied HU	23,599 (60.7%)
Vacant Housing Units	4,589 (11.8%)
Median Home Value	$1,369,636
Average Home Value	$1,410,575