55 Hicks St APT 2, Brooklyn, NY, 11201 | 7.32% Rental Yield

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Price: $300K - 500K

Monthly Cash Flow: 1 - 3k+

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55 Hicks St APT 2, Brooklyn, NY, 11201 | 7.32% 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 55 Hicks St APT 2, Brooklyn, NY, 11201 with 5% annual appreciation on a $525,000 basis while $3,203/mo rent supports operations. 95% in year one. Equity gained on principal adds $3,388/yr, and five-year appreciation sums $145,048 alongside rental yield of 7.32%. Five-year ROI measures 92.97% and total cumulative return in cash totals $160,581. Investors can finance this property with Ziffy Mortgage’s DSCR loan that underwrites to $3,203/mo property income versus a $2,570/mo payment rather than your W2s, Paystubs, Tax returns, or 1099 forms.

Condo

Built in 1900

N/A lot

$N/A/sqft

No HOA

More details about the property

New to Market! Lovely One Bedroom in Prime Brooklyn Heights Classic Charm Meets Modern Living Welcome to Apt 2, a sun-filled, spacious 1 bedroom, 1 bath co-op perfectly located in the heart of Brooklyn Heights. This serene home features: High ceilings and oversized windows with bright western exposure Beautiful hardwood floors throughout A windowed kitchen with stainless steel appliances, ample storage, and a dishwasher A spa-like windowed bathroom Good closets, including an oversized closet offering generous storage space Set in a well-maintained, pet-friendly co-op building, amenities include: Central laundry room Bike storage Additional storage available for rent Live surrounded by tree-lined streets, stunning brownstones, and world-class views. Neighborhood amenities include Brooklyn Heights Promenade, Brooklyn Bridge Park, and beloved local restaurants, coffee shops, bookstores, Borough Hall Farmers Market and art galleries in neighboring DUMBO. Unbeatable transit access: close to the 2, 3, 4, 5, A, C, F, and R trains, plus the East River Ferry - commute to Manhattan in minutes. Dont miss your chance to own a slice of historic Brooklyn Heights with all the modern comforts. Contact me today to schedule a private showing.

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