3101 Ocean Pkwy APT 4J, Brooklyn, NY, 11235 | $943/mo Cash Flow

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3101 Ocean Pkwy APT 4J, Brooklyn, NY, 11235 | $943/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

Rental property for sale in Brooklyn at 3101 Ocean Pkwy APT 4J, Brooklyn, NY, 11235 generates $3,314/mo in rent and, after a $1,738/mo payment, leaves $943/mo in cash flow. Total monthly income is $3,314/mo, and annual cash flow is $11,315/yr on $117,683 invested. Return on cash invested sits at 29.52% in year one, and rental yield is 11.2% on a $355,000 entry. Equity gained on principal adds $2,291/yr, while 5% annual appreciation builds toward $98,080 over five years. Five-year ROI reaches 155.03% and total cumulative return in cash sums $182,448. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $3,314/mo property income rather than buyer’s personal income.

Condo

Built in N/A

N/A lot

$N/A/sqft

No HOA

More details about the property

This beautifully renovated 1-bedroom co-op, located on the 4th floor of a 7-story elevator building, offers a rare opportunity to live just minutes from the ocean. From the bedroom, you can enjoy a glimpse of the water, adding to the apartments serene appeal. The home features a brand-new kitchen with stainless steel appliances, including a dishwasher, a spacious refrigerator, beautiful stoven and a microwave. Quartz countertops, soft-close cabinetry, and custom lighting create a modern and stylish look. The bathroom has been completely updated with designer tiles, premium flooring, a one-piece toilet, and a high-end vanity with matching light fixtures. Inside, youll find spacious, separate rooms filled with natural light, a bright eat-in kitchen with a window, hardwood floors throughout, and plenty of closet and storage space. The cooperative is well maintained and offers a part-time doorman, a laundry facility on the lobby level, a live-in superintendent, and indoor parking (currently waitlisted). Subletting is permitted after two years. Located on an ocean block, the building is just moments from the beach and boardwalk, surrounded by shopping and restaurants, and minutes from the Q and B subway lines. The property is also zoned for PS 200. This is a rare chance to own a spacious, fully renovated apartment in one of Brighton Beachs most desirable locations. Schedule your private viewing today.

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