40 89th St APT 2E, Brooklyn, NY, 11209 | 10.5% Rental Yield

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40 89th St APT 2E, Brooklyn, NY, 11209 | 10.5% 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 40 89th St APT 2E, Brooklyn, NY, 11209 offers a 10.5% rental yield on a $288,000 purchase with $2,520/mo rent. 79% in year one. Equity gained on principal adds $1,858/yr while 5% annual appreciation supports $79,569 over five years. Portfolio math shows five-year ROI at 95.63% and total cumulative return in cash at $91,296. Financing is available via Ziffy Mortgage’s DSCR loan, which evaluates $2,520/mo property income against a $1,410/mo payment rather than investor’s personal income documents like W2s, Salary slips, and Tax returns.

Condo

Built in 1950

N/A lot

$N/A/sqft

$765 monthly HOA

More details about the property

Welcome to this absolutely stunning corner one-bedroom co-op located in one of Bay Ridges most desirable and scenic neighborhoods, just steps from Narrows Avenue. This bright and spacious unit offers a smart layout featuring a walk-in kitchen that flows into a dedicated dining area and an oversized living roomperfect for entertaining or relaxing in comfort. The bedroom is generously sized with multiple windows bringing in abundant natural light, and the bathroom is well maintained. The building offers fantastic amenities, including a laundry room, bike storage, and parking (waitlist). Just a short walk brings you to the waterfront, the famous Shore Road Park, and the scenic promenade where you can enjoy breathtaking views of the Manhattan skyline and Verrazano Bridge. Conveniently located near top restaurants, cafes, and local shops. Commuting is a breeze with nearby R train access and express buses to Manhattan. This co-op is ideal for first-time buyers or contractors who professionals, or anyone seeking the perfect balance of city living and waterfront tranquility. With low maintenance and unbeatable location, this is more than a homeits a lifestyle. Dont miss your chance to own in this sought-after community!

Neighborhood Data

Neighborhood data shown for ZIP Code: 11209, Brooklyn, NY area.

Housing Distribution

Housing Statistics

Category	Value
Total HU (Housing Units)	33,347 (100%)
Owner Occupied HU	10,175 (30.5%)
Renter Occupied HU	21,237 (63.7%)
Vacant Housing Units	1,935 ( 5.8%)
Median Home Value	$1,072,126
Average Home Value	$1,081,829