44 Remsen St APT 3, Brooklyn, NY, 11201 | $671/mo Cash Flow

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Monthly Cash Flow: 1 - 3k+

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44 Remsen St APT 3, Brooklyn, NY, 11201 | $671/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

Rental property for sale in Brooklyn at 44 Remsen St APT 3, Brooklyn, NY, 11201 priced at $585,000 pairs $5,447/mo rent with $671/mo cash flow after a $2,863/mo payment. Total monthly income equals $5,447/mo, and annual cash flow comes to $8,049/yr on $192,465 invested. Return on cash invested is 24.24% in year one, and rental yield stands at 11.17% on a $585,000 basis. Equity gained on principal adds $3,775/yr, and 5% annual appreciation accumulates to $161,625 by year five. Five-year ROI measures 128.66% and total cumulative return in cash reaches $247,626. For financing, Ziffy Mortgage’s DSCR program evaluates $5,447/mo property income against a $2,863/mo payment instead of your W2s, 1099s, or Tax returns.

Condo

Built in 1844

N/A lot

$N/A/sqft

$870 monthly HOA

More details about the property

Parisian chic! A quintessentially elegant and ornate studio apartment in a boutique brownstone co-operative in a prime Brooklyn Heights location, just one block from the Promenade with its famous views of the East River and Manhattan. There is a magnificent working fireplace surrounded by a decorative mantle. The living room is very spacious with 11 ft ceilings and huge windows which face the quiet, tree-lined street. There is a tall built-in mirror, decorative moldings and beautiful herringbone parquet floor.The unit is on the second floor of a walk-up- and you can plant your three window boxes! The small kitchen is discreetly positioned in the back of the living area. There is a Smeg fridge, Bosch dishwasher, and two burners in place of a stove, but stove could be installed. You'll find a walk-in coat/ linen closet, and a beautifully tiled bathroom. This self-managed co-op has very low maintenance but a few amenities such as shared laundry machines, bike storage and a storage cage dedicated to the unit in the basement at no extra cost. Pet-friendly, with pets on approval! A short distance to stores and restaurants on Montague Street, the Brooklyn Bridge Park, and to seven train lines at Clark Street, High Street and Court Street/Borough Hall. Don't miss this rare chance to live on one of Brooklyn Heights's most beautiful blocks.

Neighborhood Data

Neighborhood data shown for ZIP Code: 11201, Brooklyn, NY area.

Housing Distribution

Housing Statistics

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