346 7th Ave APT 1, Brooklyn, NY, 11215 | ROI: 4.01%

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346 7th Ave APT 1, Brooklyn, NY, 11215 | ROI: 4.01% | 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 346 7th Ave APT 1, Brooklyn, NY, 11215 projects strong ROI of 4.01%. Rental yield 2.71%. With 5% annual appreciation, the property builds $1,008,428 in value over five years. Equity growth combined delivers a projected five-year ROI of 18.15%, translating into $214,656 in total cumulative return on $1,182,600 invested capital. You can finance this property with Ziffy Mortgage’s DSCR loan, which leverages the property’s income for qualification rather than your personal income.

Single Family

Built in 1921

N/A lot

$N/A/sqft

No HOA

More details about the property

Calling All Investors: Exceptional High-Rental Income Opportunity! 346 7th Avenue is a mixed-use investment property located in the heart of Park Slope, Brooklyn. Just minutes away from Prospect Park, the YMCA, and surrounded by a vibrant selection of restaurants, shops, cafes, and supermarkets, this property offers an outstanding opportunity for investors seeking high rental income in a prime area. Positioned on bustling 7th Avenue, between 9th and 10th Streets, this building is just steps from the F and G subway lines at the 7th Avenue station, providing unparalleled convenience and accessibility. Built on a **19.5 ft x 80 ft** lot and zoned R6A, C2-4, this property offers **4,680 square feet** of income-generating space, including **six rent-stabilized residential units** and **one commercial unit**. The building footprint spans **19.5 ft x 60 ft**, with each residential unit fully occupied. All units feature in-unit washers and dryers (except Unit #5), hardwood floors, oversized windows, and decorative brick fireplaces, adding charm and modern appeal. The commercial space, currently occupied by a popular Sugaring Boutique provides steady income in addition to the robust rental income from residential units. Fully occupied and income-producing, this property is a fantastic turnkey investment for anyone looking to establish or expand their portfolio in the highly desirable Park Slope neighborhood. With strong rental demand and a prime location, 346 7th Avenue is the perfect investment to secure both stability and growth. Schedule a viewing today to explore this incredible opportunity firsthand!.

Neighborhood Data

Neighborhood data shown for ZIP Code: 11215, Brooklyn, NY area.

Housing Distribution

Housing Statistics

Category	Value
Total HU (Housing Units)	31,113 (100%)
Owner Occupied HU	10,260 (33.0%)
Renter Occupied HU	18,447 (59.3%)
Vacant Housing Units	2,406 ( 7.7%)
Median Home Value	$1,666,185
Average Home Value	$1,587,839