








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


Rental property for sale in Brooklyn at 370 Ocean Pkwy APT 12K, Brooklyn, NY, 11218 priced at $540,000 converts $4,261/mo rent into after a $2,643/mo obligation. Total monthly income equals $4,261/mo. Return on cash invested prints 17.93% in year one, and rental yield reads 9.47% against a $540,000 entry. Equity gained on principal adds $3,485/yr, while 5% annual appreciation compiles into $149,192 by year five. Five-year ROI reaches 95.19% and total cumulative return in cash sums $169,106. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $4,261/mo property income covering a $2,643/mo payment, not borrower’s personal income.
Condo
Built in 1961
N/A lot
$N/A/sqft
$971 monthly HOA
Neighborhood data shown for ZIP Code: 11218, Brooklyn, NY area.
| Category | Value |
|---|---|
| Total HU (Housing Units) | 27,624 (100%) |
| Owner Occupied HU | 7,691 (27.8%) |
| Renter Occupied HU | 17,935 (64.9%) |
| Vacant Housing Units | 1,998 ( 7.2%) |
| Median Home Value | $1,054,643 |
| Average Home Value | $1,154,933 |
Residential
24,072
Single Family
6,875
Multi-Family
17,197
Businesses
1,595
Date | Event | Price |
|---|---|---|
| 2024-08-06 | Price change | $540,000 |
| 2024-07-15 | Listed for sale | $550,000 |
| 2024-06-17 | Listing removed | $550,000 |
Date | Tax Paid | Tax Increase Rate | Value | Value Increase Rate |
|---|---|---|---|---|
| 2020-08-13 | N/A | N/A | N/A | N/A |
| 2019-08-13 | N/A | N/A | N/A | N/A |
| 2018-08-13 | $357652.38 | N/A | $3,384,450 | 7.11% |



Listed by: Lauren Fernandes - Licensed Associate Real Estate Broker • Compass
Mls Name: StreetEasy
Mls ID: #1605365