407 6th Ave APT 2, Brooklyn, NY, 11215 | $1,384/mo Cash Flow

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407 6th Ave APT 2, Brooklyn, NY, 11215 | $1,384/mo Cash Flow | 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 407 6th Ave APT 2, Brooklyn, NY, 11215 listed at $749,000 pairs $7,301/mo rent with a $3,666/mo payment to leave $1,384/mo cash flow. Total monthly income runs $7,301/mo, and annual cash flow reaches $16,611/yr on $246,421 cash to close. Return on cash invested measures 26.8% in year one, and rental yield registers 11.7% at a $749,000 basis. Equity gained on principal adds $4,833/yr, and annual property appreciation at 5% supports $206,935 by year five. Five-year ROI tracks 142.04% and total cumulative return in cash totals $350,020. Financing can be arranged with Ziffy Mortgage’s DSCR loan, which qualifies using $7,301/mo property income relative to a $3,666/mo payment rather than your personal income (W2, Tax Returns, Paystubs, or 1099).

Condo

Built in 1920

N/A lot

$N/A/sqft

$915 monthly HOA

More details about the property

Spacious Convertible 2.5-Bedroom Duplex in Prime North Slope Just moments from Prospect Park, this delightful 2.5-bedroom, 1-bathroom duplex is nestled within a charming, self-managed boutique co-op-offering a unique blend of comfort, character, and opportunity in one of Brooklyn's most coveted neighborhoods. The upper level welcomes you with an open-concept living and dining space, featuring oversized windows, hardwood floors, soaring ceilings, and a windowed kitchen complete with a pass-through-perfect for entertaining. A vintage-style bathroom with timeless black-and-white checkerboard tile adds a touch of classic Brooklyn flair. Thoughtfully designed storage is integrated throughout. The serene primary bedroom sits quietly at the rear of the home, offering dual exposures, a generous closet, and custom-built cubbies for added functionality. Downstairs, a dramatic spiral staircase leads to a spacious, windowed recreation room-ideal as a second bedroom, den, or media lounge. Custom shelving and a cozy reading nook add charm, while a separate flex space offers endless possibilities: home office, art studio, or laundry zone. Please note: the lower level requires a full renovation-offering a rare chance to reimagine and personalize this expansive space. Additional amenities include dedicated unit storage, shared laundry access, and pet-friendly policies (cats welcome!). A rare offering in the heart of North Slope-just minutes from Prospect Park and surrounded by the neighborhood's best cafs, restaurants, boutiques, and transit options.

Neighborhood Data

Neighborhood data shown for ZIP Code: 11215, Brooklyn, NY area.

Housing Distribution

Housing Statistics

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