319 Greene Ave APT 3B, Brooklyn, NY, 11238 | 5.69% Rental Yield

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Price: $300K - 500K

Monthly Cash Flow: 1 - 3k+

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319 Greene Ave APT 3B, Brooklyn, NY, 11238 | 5.69% 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 319 Greene Ave APT 3B, Brooklyn, NY, 11238 priced at $950,000 converts $4,504/mo rent into after a $4,650/mo obligation. Total monthly income equals $4,504/mo. Return on cash invested prints 11.67% in year one, and rental yield reads 5.69% against a $950,000 entry. Equity gained on principal adds $6,130/yr, while 5% annual appreciation compiles into $262,467 by year five. Five-year ROI reaches 59.77% and total cumulative return in cash sums $186,818. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $4,504/mo property income covering a $4,650/mo payment, not borrower’s personal income.

Condo

Built in 2010

N/A lot

$N/A/sqft

$344 monthly HOA

More details about the property

Elevated Elegance in Clinton Hill Discover modern luxury and serene urban living at 319 Greene Avenue, Unit3B, in the heart of Clinton Hill, Brooklyn. This meticulously upgraded1-bedroom,1-bath residence at Lineage Condos offers unparalleled comfort and style, making it an ideal dream home or investment opportunity with an existing lease holder in place until September 30,2025. Step into a spacious sanctuary adorned with high-end finishes. The kitchen features white lacquer double-hung wall cabinets that extend from ceiling to floor, frosted double-door wall cabinets with interior and under-cabinet lighting, quartz countertops,2x4 white subway tiles, and walnut-finish base cabinets with pull-out storage. Premium lighting from Joss and Main and Restoration Hardware, along with a luxurious32-inch bath vanity topped with Carrera marble, add elegant touches throughout the home. Experience thoughtful design in Unit3B, where aesthetics and functionality are optimized daily. Custom Solar Shades from Smith and Noble in the living room and bedroom invite natural light while controlli ng heat, creating a perfect ambiance. The unit's strategic layout includes a versatile alcove and two outdoor spaces, allowing for seamless transitions between rest, work, and play. Enjoy treetop views from the plush bedroom with balcony access and a stylishly appointed bathroom with a mirrored medicine cabinet and ample storage. Owners enjoy low common charges and a 25-year tax abatement which expires in 2036.

Neighborhood Data

Neighborhood data shown for ZIP Code: 11238, Brooklyn, NY area.

Housing Distribution

Housing Statistics

Category	Value
Total HU (Housing Units)	29,474 (100%)
Owner Occupied HU	6,812 (23.1%)
Renter Occupied HU	20,449 (69.4%)
Vacant Housing Units	2,213 ( 7.5%)
Median Home Value	$1,403,531
Average Home Value	$1,446,411