349 E Bay 8th St #2B, Brooklyn, NY, 11228 | 6.81% Rental Yield

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349 E Bay 8th St #2B, Brooklyn, NY, 11228 | 6.81% 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

Investment property for sale in Brooklyn at 349 E Bay 8th St #2B, Brooklyn, NY, 11228 earns from $3,120/mo rent with a $2,692/mo payment. Total monthly income totals $3,120/mo. ROI tracks 16.39% on current figures, and rental yield reads 6.81% at a $550,000 purchase. Equity gained on principal adds $3,549/yr, and 5% annual appreciation supports $151,955 over five years. Five-year ROI reaches 84.62% and total cumulative return in cash sums $153,118. Financing can be set up with Ziffy Mortgage’s DSCR loan, which is driven by $3,120/mo property income instead of your personal income.

Condo

Built in N/A

N/A lot

$N/A/sqft

No HOA

More details about the property

Welcome to this beautifully reimagined two-bedroom, one-bathroom co-op at 349 Bay 8th Street, a bright and inviting corner residence thats truly turnkey. Fully renovated from top to bottom just a few years ago, this home stands apart for its thoughtful design, high-end finishes, and rare combination of style and convenience. At the heart of the home is a gorgeous, newly renovated galley kitchen, a showpiece space featuring pristine quartz countertops, custom cabinetry, and premium appliances. Every detail has been carefully considered, including brand-new electrical wiring throughout, brand new floors, and lighting. The kitchen flows seamlessly into a separate dining area while still having significant living room space. Sunlight fills the apartment from multiple exposures, highlighting the spacious layout and excellent closet storage. Both bedrooms are king sized and comfortable with the main bedroom designed with a custom closet. A rare luxury in co-op living, this home also includes an in-unit washer and dryer for the ultimate everyday convenience. Pet lovers will appreciate the pet-friendly policy, and future planners will value that subletting is permitted after one year of ownership. There are also parking garage spaces on a wait-list. Set within the well maintained Independence Gardens Co-op this amazing home is close to local shopping, parks, and transportation. This move-in-ready home delivers a best-in-class combination of modern living, thoughtful design, and long-term flexibility.

Neighborhood Data

Neighborhood data shown for ZIP Code: 11228, Brooklyn, NY area.

Housing Distribution

Housing Statistics

Category	Value
Total HU (Housing Units)	17,725 (100%)
Owner Occupied HU	7,861 (44.3%)
Renter Occupied HU	8,618 (48.6%)
Vacant Housing Units	1,246 ( 7.0%)
Median Home Value	$1,193,293
Average Home Value	$1,223,802