423 15th St APT 2B, Brooklyn, NY, 11215 | 8.96% Rental Yield

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423 15th St APT 2B, Brooklyn, NY, 11215 | 8.96% 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 423 15th St APT 2B, Brooklyn, NY, 11215 earns from $4,742/mo rent with a $3,108/mo payment. Total monthly income totals $4,742/mo. ROI tracks 18.24% on current figures, and rental yield reads 8.96% at a $635,000 purchase. Equity gained on principal adds $4,098/yr, and 5% annual appreciation supports $175,439 over five years. Five-year ROI reaches 96.2% and total cumulative return in cash sums $200,984. Financing can be set up with Ziffy Mortgage’s DSCR loan, which is driven by $4,742/mo property income instead of your personal income.

Condo

Built in 1920

N/A lot

$N/A/sqft

$819 monthly HOA

More details about the property

Nestled on a tree-lined block just off Prospect Park, this beautifully renovated one-bedroom, one-bath residence at 423 15th Street combines classic Brooklyn charm with the sophistication of modern upgrades, only one floor up. An inviting entry opens to a bright and airy living space framed by large windows that capture neighborhood views. The kitchen is a chefs delight, featuring a Miele electric oven, Bosch induction cooktop, and butcher block counters that bring both style and function to the heart of the home. The bathroom has been fully gut-renovated with brand new floor-to-ceiling tile, a glass-enclosed shower, a sleek new vanity, and refined contemporary fixtures. A new LG washer-dryer combo completes the residence with seamless convenience. 423 15th Street is a well-managed, pet-friendly co-op featuring a landscaped shared garden, bike storage, stroller parking, and approximately 50 square feet of private basement storage per unit. Just half a block from Prospect Park and the F/G trains, 423 15th Street offers the perfect balance of tranquility and accessibility. Surrounded by Park Slopes renowned dining, cafs, and boutiques, this residence embodies the very best of Brooklyns charm.

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