








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 40 Remsen St APT 9, Brooklyn, NY, 11201 offers $4,996/mo rent that, after a $2,932/mo payment. Total monthly income is $4,996/mo. Return on cash invested measures 19.13% in year one, and rental yield stands at 10.01% at a $599,000 entry. Equity gained on principal adds $3,865/yr while 5% annual appreciation compounds into $165,493 by year five. Five-year ROI records 101.83% and total cumulative return in cash reaches $200,674. Lending can use Ziffy Mortgage’s DSCR loan, which structures approval around $4,996/mo property income versus a $2,932/mo payment rather than borrower’s personal income verification through W2s, Salary slips, and Tax returns.
Condo
Built in 1900
N/A lot
$N/A/sqft
$1,148 monthly HOA
Neighborhood data shown for ZIP Code: 11201, Brooklyn, NY area.
| Category | Value |
|---|---|
| Total HU (Housing Units) | 38,878 (100%) |
| Owner Occupied HU | 10,690 (27.5%) |
| Renter Occupied HU | 23,599 (60.7%) |
| Vacant Housing Units | 4,589 (11.8%) |
| Median Home Value | $1,369,636 |
| Average Home Value | $1,410,575 |
Residential
37,887
Single Family
2,025
Multi-Family
35,862
Businesses
3,130
Date | Event | Price |
|---|---|---|
| 2024-09-12 | Listed for sale | $599,000 |
| 2019-09-18 | Sold | $585,000 |
| 2019-07-30 | Pending sale | $599,000 |
Date | Tax Paid | Tax Increase Rate | Value | Value Increase Rate |
|---|---|---|---|---|
| 2020-10-15 | N/A | N/A | N/A | N/A |
| 2019-10-15 | N/A | N/A | N/A | N/A |
| 2018-10-15 | N/A | N/A | $609,295 | 8.00% |



Listed by: Shelly Place - Licensed Real Estate Salesperson • The Agency
Mls Name: StreetEasy
Mls ID: #1731671