340 Dean St APT 3B, Brooklyn, NY, 11217 | 7.37% Rental Yield

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340 Dean St APT 3B, Brooklyn, NY, 11217 | 7.37% Rental Yield | Ziffy

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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 340 Dean St APT 3B, Brooklyn, NY, 11217 offers a 7.37% rental yield on a $925,000 purchase with $5,680/mo rent. 15% in year one. Equity gained on principal adds $5,969/yr while 5% annual appreciation supports $255,560 over five years. Portfolio math shows five-year ROI at 89.02% and total cumulative return in cash at $270,913. Financing is available via Ziffy Mortgage’s DSCR loan, which evaluates $5,680/mo property income against a $4,527/mo payment rather than investor’s personal income documents like W2s, Salary slips, and Tax returns.

Condo

Built in 2009

N/A lot

$N/A/sqft

$241 monthly HOA

More details about the property

Discover the charm of loft-style living at 340 Dean Street, a boutique condominium ideally located in the heart of Boerum Hill. Residence No. 3B effortlessly combines the expansive feel of a classic loft with the conveniences of modern construction. Upon entering, you're greeted by double-height ceilings and a wall of windows that flood the space with natural light. The livable layout includes a mezzanine sleeping loft, a spacious balcony off the living room, wide-plank white oak flooring, and central HVAC. The kitchen is designed with both function and style in mind, featuring stainless steel appliances, a Bosch gas range, paneled dishwasher, ice-maker-equipped refrigerator, and elegant white Shaker cabinets, all complemented by honed Carrara marble countertops. The bathroom is equally luxurious, boasting custom vanities, Pietra Cardosa floor tiles, and timeless white subway tiles in the shower. Building amenities include building-wide Wi-Fi, shared washer/dryers on each floor, and a common storage space. Advanced technology such as a smartphone-enabled intercom system allows for seamless keyless entry and package deliveries. Located near Atlantic and 4th Avenues, residents enjoy close proximity to Barclays Center, BAM, and an array of dining and entertainment options. With major subway lines (B/D, N/R, 2/3, 4/5) and the LIRR just steps away, the rest of NYC is easily accessible.

Neighborhood Data

Neighborhood data shown for ZIP Code: 11217, Brooklyn, NY area.

Housing Distribution

Housing Statistics

Category	Value
Total HU (Housing Units)	24,719 (100%)
Owner Occupied HU	5,268 (21.3%)
Renter Occupied HU	17,323 (70.1%)
Vacant Housing Units	2,128 ( 8.6%)
Median Home Value	$1,753,412
Average Home Value	$1,604,739