








A quick, investor-focused snapshot highlighting income strength, yield potential.
| Key metrics | Value |
|---|---|
| Price | $399,900 |
| Est. Rent | $3,200/mo |
| ROI | 18% |


Investment property for sale in Brooklyn at 550 Vanderbilt Ave APT 1508, Brooklyn, NY, 11238 projects strong ROI of 6.38%. Rental yield 4.53%. With 5% annual appreciation, the property builds $661,694 in value over five years. Equity growth combined delivers a projected five-year ROI of 32.01%, translating into $248,365 in total cumulative return on $775,980 invested capital. You can finance this property with Ziffy Mortgage’s DSCR loan, which leverages the property’s income for qualification rather than your personal income.
Condo
Built in 2017
N/A lot
$N/A/sqft
$2,105 monthly HOA
Neighborhood data shown for ZIP Code: 11238, Brooklyn, NY area.
| Category | Value |
|---|---|
| Total HU (Housing Units) | 29,474 (100%) |
| Owner Occupied HU | 6,812 (23.1%) |
| Renter Occupied HU | 20,449 (69.4%) |
| Vacant Housing Units | 2,213 ( 7.5%) |
| Median Home Value | $1,403,531 |
| Average Home Value | $1,446,411 |
Residential
29,567
Single Family
3,670
Multi-Family
25,897
Businesses
1,362
Date | Event | Price |
|---|---|---|
| 2025-09-16 | Listed for sale | $2,395,000 |
| 2025-08-13 | Listing removed | $2,500,000 |
| 2025-04-25 | Listed for sale | $2,500,000 |
Date | Tax Paid | Tax Increase Rate | Value | Value Increase Rate |
|---|---|---|---|---|
| 2024-09-16 | $20594.00 | N/A | $180,656 | 4.88% |
| 2023-09-16 | N/A | N/A | $172,248 | 3.10% |
| 2022-09-16 | N/A | N/A | $167,065 | 17.08% |



Listed by: Ivy Kramp • Compass
Mls Name: StreetEasy
Mls ID: #S1790556