630 Union St APT 5B, Brooklyn, NY, 11215 | 7.45% Rental Yield

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630 Union St APT 5B, Brooklyn, NY, 11215 | 7.45% 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 630 Union St APT 5B, Brooklyn, NY, 11215 priced at $895,000 converts $5,560/mo rent into after a $4,381/mo obligation. Total monthly income equals $5,560/mo. Return on cash invested prints 16.4% in year one, and rental yield reads 7.45% against a $895,000 entry. Equity gained on principal adds $5,775/yr, while 5% annual appreciation compiles into $247,272 by year five. Five-year ROI reaches 85.32% and total cumulative return in cash sums $251,234. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $5,560/mo property income covering a $4,381/mo payment, not borrower’s personal income.

Condo

Built in 1909

N/A lot

$N/A/sqft

$482 monthly HOA

More details about the property

This top-floor, two-bedroom condo in the heart of Park Slope offers a peaceful sanctuary. The modern kitchen boasts sleek stainless-steel appliances, including a Bosch dishwasher and a powerful GE five-burner range. A carrara marble countertop with a large stainless-steel sink and gooseneck faucet allows for easy dinner/baking prep.The expansive living/dining room can accommodate a dinner party and movie nights with friends. The primary bedroom is a true retreat, featuring a perfect cutout for a home office or reading nook. The extra-deep walk-in closet in the second bedroom provides great storage space. The stylish bathroom, clad in white subway tile, offers a tub/shower and extra-large vanity for convenient storage. The board recently completed a substantial exterior renovation, which included a new roof, parapet repair and waterproofing. Enjoy the convenience of in-building laundry and secure bike storage; the super takes care of cleaning, trash and recycling. You're moments away from the vibrant energy of Fifth Avenue and the burgeoning food scene in Gowanus. Immerse yourself in the neighborhood's charming cafes, boutique shops and fitness: Gowanus Gardens, Runner & Stone, Claro, Palo Santo, Slope Home, Annie's Blue Ribbon General, Blink Fitness, a Citibike docking station, Garden of Union -- and so much more. Commuting? The Union Street R train is steps away and only one stop to Atlantic Barclays takes you to any one of ten lines. For space, location and convenience, this condo may just be your perfect choice.

Neighborhood Data

Neighborhood data shown for ZIP Code: 11215, Brooklyn, NY area.

Housing Distribution

Housing Statistics

Category	Value
Total HU (Housing Units)	31,113 (100%)
Owner Occupied HU	10,260 (33.0%)
Renter Occupied HU	18,447 (59.3%)
Vacant Housing Units	2,406 ( 7.7%)
Median Home Value	$1,666,185
Average Home Value	$1,587,839