55 Berry St APT 2BBrooklynNY11249
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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
Investment Highlights
Investment property for sale in Brooklyn at 55 Berry St APT 2B, Brooklyn, NY, 11249 with 5% annual appreciation on a $1,800,000 basis while $5,955/mo rent supports operations. 74% in year one. Equity gained on principal adds $11,615/yr, and five-year appreciation sums $497,307 alongside rental yield of 3.97%. Five-year ROI measures 28.19% and total cumulative return in cash totals $164,411. Investors can finance this property with Ziffy Mortgage’s DSCR loan that underwrites to $5,955/mo property income versus a $8,810/mo payment rather than your W2s, Paystubs, Tax returns, or 1099 forms.
Condo
Built in 1900
N/A lot
$N/A/sqft
$1,045 monthly HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 11249, Brooklyn, NY area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 19,590 (100%) |
| Owner Occupied HU | 2,614 (13.3%) |
| Renter Occupied HU | 15,015 (76.6%) |
| Vacant Housing Units | 1,961 (10.0%) |
| Median Home Value | $1,414,969 |
| Average Home Value | $1,413,021 |
Housing Distribution
Address Breakdown
Residential
18,160
Single Family
1,898
Multi-Family
16,262
Businesses
889
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