








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 651 New York Ave APT 403, Brooklyn, NY, 11203 listed at $600,000 pairs $3,880/mo rent with a $2,937/mo payment. Total monthly income runs $3,880/mo. Return on cash invested measures 16.16% in year one, and rental yield registers 7.76% at a $600,000 basis. Equity gained on principal adds $3,872/yr, and annual property appreciation at 5% supports $165,769 by year five. Five-year ROI tracks 84.49% and total cumulative return in cash totals $166,788. Financing can be arranged with Ziffy Mortgage’s DSCR loan, which qualifies using $3,880/mo property income relative to a $2,937/mo payment rather than your personal income (W2, Tax Returns, Paystubs, or 1099).
Condo
Built in 2016
N/A lot
$N/A/sqft
$514 monthly HOA
Neighborhood data shown for ZIP Code: 11203, Brooklyn, NY area.
| Category | Value |
|---|---|
| Total HU (Housing Units) | 30,458 (100%) |
| Owner Occupied HU | 10,125 (33.2%) |
| Renter Occupied HU | 18,555 (60.9%) |
| Vacant Housing Units | 1,778 ( 5.8%) |
| Median Home Value | $671,755 |
| Average Home Value | $719,379 |
Residential
22,794
Single Family
10,334
Multi-Family
12,460
Businesses
1,490
Date | Event | Price |
|---|---|---|
| 2025-03-31 | Listed for sale | $600,000 |
| 2017-04-07 | Sold | $529,490 |
Date | Tax Paid | Tax Increase Rate | Value | Value Increase Rate |
|---|---|---|---|---|
| 2024-04-01 | $6252.00 | N/A | $54,623 | 7.37% |
| 2023-04-01 | N/A | N/A | $50,872 | 4.57% |
| 2022-04-01 | N/A | N/A | $48,647 | 8.14% |



Listed by: McKenzie Ryan • Douglas Elliman
Mls Name: StreetEasy
Mls ID: #S1760404