59 Pineapple St APT 3B, Brooklyn, NY, 11201 | $1,869/mo Cash Flow

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59 Pineapple St APT 3B, Brooklyn, NY, 11201 | $1,869/mo Cash Flow | Ziffy

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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 59 Pineapple St APT 3B, Brooklyn, NY, 11201 listed at $399,000 pairs $4,969/mo rent with a $1,953/mo payment to leave $1,869/mo cash flow. Total monthly income runs $4,969/mo, and annual cash flow reaches $22,433/yr on $132,269 cash to close. Return on cash invested measures 36.87% in year one, and rental yield registers 14.94% at a $399,000 basis. Equity gained on principal adds $2,575/yr, and annual property appreciation at 5% supports $110,236 by year five. Five-year ROI tracks 195.88% and total cumulative return in cash totals $259,082. Financing can be arranged with Ziffy Mortgage’s DSCR loan, which qualifies using $4,969/mo property income relative to a $1,953/mo payment rather than your personal income (W2, Tax Returns, Paystubs, or 1099).

Condo

Built in 1940

N/A lot

$N/A/sqft

$435 monthly HOA

More details about the property

Charming, renovated studio in the heart of the fruit street section of Brooklyn Heights! This studio features a gracious entry hallway and large walk-in closet. The windowed kitchen has a beautiful open kitchen island directly to the living space, along with stainless steel gas stove, dishwasher and full-size fridge. The bathroom has been renovated with subway tiles throughout. The apartment has western facing windows along the living room, kitchen and bathroom. 59 Pineapple is a pre-war cooperative on one of the most coveted streets in Brooklyn Heights. The building features an elevator, laundry room, live-in super, bike room, storage for rent and a beautiful roof deck with breathtaking views of the Brooklyn and Manhattan skyline! The location cannot be beat with close proximity to the Brooklyn Bridge Park, Dumbo, Brooklyn Heights Promenade and only one stop to and from the city. Just steps from the 2/3/A/C trains, as well as the 4/5 and R train. The building does NOT allow gifting or pied-a-terres. Cats allowed, but sorry NO dogs.

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