6735 Ridge Blvd APT 5K, Brooklyn, NY, 11220 | 8.36% Rental Yield

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6735 Ridge Blvd APT 5K, Brooklyn, NY, 11220 | 8.36% 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

Investment property for sale in Brooklyn at 6735 Ridge Blvd APT 5K, Brooklyn, NY, 11220 earns from $2,006/mo rent with a $1,410/mo payment. Total monthly income totals $2,006/mo. ROI tracks 14.65% on current figures, and rental yield reads 8.36% at a $288,000 purchase. Equity gained on principal adds $1,858/yr, and 5% annual appreciation supports $79,569 over five years. Five-year ROI reaches 77.58% and total cumulative return in cash sums $74,064. Financing can be set up with Ziffy Mortgage’s DSCR loan, which is driven by $2,006/mo property income instead of your personal income.

Condo

Built in 1928

N/A lot

$N/A/sqft

$501 monthly HOA

More details about the property

Discover the epitome of low-maintenance living in the northern section of Bay Ridge with this exceptional one-bedroom upper floor co-op in a prestigious Pre-War building. Boasting the low maintenance fee of $501,this 2 room co-op features an open kitchen concept with an abundance of wood cabinets,granite countertops, stainless steel appliances ,extra cabinetry that seamlessly flows into a combined living room and dining area. The windowed bathroom has a cast iron deep tub,new vanity and a tiled floor.The bedroom is bathed in natural light from two windows and offers an impressive custom designed closet with container store shelving. With 9-foot ceilings, parquet floors, and extra closets this co-op requires minimal upkeep. Enjoy the convenience of a live-in superintendent, a 12-hour doorman, a bike room, storage facilities, a Fios connection, a new keyless entry, and a modern laundry room. The building's elegant grand lobby is adorned with Pre-War details with one of a kind gorgeous patterned tiled floor. Located just one block away from 24-hour markets, gyms, shopping, fine dining restaurants, and cafes. Enjoy the close proximity to Owls Head Park, Shore Road, 69th Street Pier, and The Narrows Botanical Gardens. Easy access to the Xpress bus, the NYC ferry, and the R train makes commuting a breeze. Experience the luxury of a smoke-free building as well as being a pet-friendly building.

Neighborhood Data

Neighborhood data shown for ZIP Code: 11220, Brooklyn, NY area.

Housing Distribution

Housing Statistics

Category	Value
Total HU (Housing Units)	32,465 (100%)
Owner Occupied HU	6,364 (19.6%)
Renter Occupied HU	24,149 (74.4%)
Vacant Housing Units	1,952 ( 6.0%)
Median Home Value	$1,106,071
Average Home Value	$1,109,570