








A quick, investor-focused snapshot highlighting income strength, yield potential.
| Key metrics | Value |
|---|---|
| Price | $399,900 |
| Est. Rent | $3,200/mo |
| ROI | 18% |


Investment property for sale in Brooklyn at 349 16th St APT 3, Brooklyn, NY, 11215 offers a 8.92% rental yield on a $1,065,000 purchase with $7,914/mo rent. Total monthly income registers $7,914/mo, and a $5,213/mo payment leaves $336/mo available for distribution. Annual cash flow reaches $4,029/yr on $345,060 to close, and return on cash invested stands at 21.54% in year one. Equity gained on principal adds $6,872/yr while 5% annual appreciation supports $294,240 over five years. Portfolio math shows five-year ROI at 112.72% and total cumulative return in cash at $388,943. Financing is available via Ziffy Mortgage’s DSCR loan, which evaluates $7,914/mo property income against a $5,213/mo payment rather than investor’s personal income documents like W2s, Salary slips, and Tax returns.
Condo
Built in 1925
N/A lot
$N/A/sqft
$466 monthly HOA
Neighborhood data shown for ZIP Code: 11215, Brooklyn, NY area.
| 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 |
Residential
27,619
Single Family
7,344
Multi-Family
20,275
Businesses
2,297
Date | Event | Price |
|---|---|---|
| 2024-06-28 | Listed for sale | $1,065,000 |
| 2023-06-28 | Listing removed | N/A |
| 2023-06-25 | Listed for rent | $4,500 |
Date | Tax Paid | Tax Increase Rate | Value | Value Increase Rate |
|---|---|---|---|---|
| 2023-08-13 | N/A | N/A | $61,607 | 8.47% |
| 2022-08-13 | N/A | N/A | $56,796 | 6.12% |
| 2021-08-13 | N/A | N/A | $53,520 | -2.60% |



Listed by: Ian Radoncic - Licensed Real Estate Salesperson • SERHANT.
Mls Name: StreetEasy
Mls ID: #1723931