55 Hicks St APT 3, Brooklyn, NY, 11201 | 8.98% Rental Yield

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55 Hicks St APT 3, Brooklyn, NY, 11201 | 8.98% 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

Rental property for sale in Brooklyn at 55 Hicks St APT 3, Brooklyn, NY, 11201 priced at $558,000 converts $4,177/mo rent into after a $2,731/mo obligation. Total monthly income equals $4,177/mo. Return on cash invested prints 18.46% in year one, and rental yield reads 8.98% against a $558,000 entry. Equity gained on principal adds $3,601/yr, while 5% annual appreciation compiles into $154,165 by year five. Five-year ROI reaches 97.32% and total cumulative return in cash sums $178,657. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $4,177/mo property income covering a $2,731/mo payment, not borrower’s personal income.

Condo

Built in 1900

N/A lot

$N/A/sqft

$696 monthly HOA

More details about the property

Charming 1 Bedroom in the Heart of Brooklyn Heights Discover Residence #3, a sun filled, south facing 1-bedroom in one of NYC's most iconic National Historic Landmark neighborhoods. This inviting home features hardwood floors, high ceilings, and oversized windows that fill the space with natural light. Located in a well maintained co-op building, residents enjoy the convenience of a central laundry room, bike storage, and additional storage (for a fee). Brooklyn Heights is renowned for its brownstones, tree lined streets, and breathtaking waterfront views. As New York's first designated historic district, the neighborhood exudes timeless elegance. Just moments away, the Brooklyn Heights Promenade and Brooklyn Bridge Park offer stunning vistas, green spaces, and waterfront recreation. 55 Hicks is ideally situated near multiple subway lines (2, 3, 4, 5, A, C, F, and R) as well as the ferry, offering easy access to Manhattan and beyond. Enjoy the vibrant dining scene with local favorites like Noodle Pudding, Henry's End, and Inga's Bar, along with charming boutiques, bookstores, and markets that blend old world charm with modern convenience.

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