684 6th Ave #1, Brooklyn, NY, 11215 | 2.56% Rental Yield

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Price: $300K - 500K

Monthly Cash Flow: 1 - 3k+

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684 6th Ave #1, Brooklyn, NY, 11215 | 2.56% 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 684 6th Ave #1, Brooklyn, NY, 11215 generates $4,058/mo in rent, after a $9,300/mo payment. Total monthly income is $4,058/mo. Return on cash invested sits at 3.55% in year one, and rental yield is 2.56% on a $1,900,000 entry. Equity gained on principal adds $12,260/yr, while 5% annual appreciation builds toward $524,935 over five years. Five-year ROI reaches 15.66% and total cumulative return in cash sums $96,375. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $4,058/mo property income rather than buyer’s personal income.

Multi Family

Built in 1899

N/A lot

$N/A/sqft

No HOA

More details about the property

CONTRACT ASSIGNMENT OPPORTUNITY FOR A CASH BUYER! PLEASE READ: Current buyer is under contract and is prepared to assign the contract at a FIXED PRICE OF $1.9MM. NOTE: The transaction must be conducted entirely in cash. Could this be the last affordable house in Brooklyn? Have you been for a townhouse in Brooklyn thought you had no options in the current market? If so, you're not alone! Positioned at the junction of Greenwood Heights and Park Slope, but still in the 11215 zip code, 684 6th Avenue represents one of the last opportunities in a marketplace primarily filled with properties constructed for others at exorbitant prices, offering a compelling and affordable chance to create your ideal home, customized to your personal preferences and needs, at the time of your choosing! Currently configured as 3 units with a cellar, this 20x42 residence on an 80-foot lot provides 2340 square feet of living space. According to Property Shark, the property may include an extra 864 square feet of FAR. Indeed, this attractive and budget-friendly opportunity to design and build your perfectly located dream home, tailored to your unique tastes and specifications, is a surefire way to achieve your dream residence without compromising on location and keeps you on this side of the bridge! Additionally, this opportunity gives innovative developers and builders of all types a chance to respond to New York's insatiable appetite for luxurious residences and meet the demand for finished townhomes under the $3MM mark. For a virtual tour, bookings and floor plan, kindly watch the video provided. All prospective buyers should verify the information provided.

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