








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 689 Myrtle Ave APT 3D, Brooklyn, NY, 11205 with 5% annual appreciation on a $850,000 basis while $4,996/mo rent supports operations. 07% in year one. Equity gained on principal adds $5,485/yr, and five-year appreciation sums $234,839 alongside rental yield of 7.05%. Five-year ROI measures 63.25% and total cumulative return in cash totals $176,878. Investors can finance this property with Ziffy Mortgage’s DSCR loan that underwrites to $4,996/mo property income versus a $4,160/mo payment rather than your W2s, Paystubs, Tax returns, or 1099 forms.
Condo
Built in 1947
N/A lot
$N/A/sqft
$1,183 monthly HOA
Neighborhood data shown for ZIP Code: 11205, Brooklyn, NY area.
| Category | Value |
|---|---|
| Total HU (Housing Units) | 21,161 (100%) |
| Owner Occupied HU | 4,550 (21.5%) |
| Renter Occupied HU | 14,892 (70.4%) |
| Vacant Housing Units | 1,719 ( 8.1%) |
| Median Home Value | $988,883 |
| Average Home Value | $1,198,598 |
Residential
18,005
Single Family
2,929
Multi-Family
15,076
Businesses
1,731
Date | Event | Price |
|---|---|---|
| 2024-10-13 | Listed for rent | $4,000 |
| 2024-09-20 | Listed for sale | $850,000 |
| 2009-08-12 | Sold | $469,000 |
Date | Tax Paid | Tax Increase Rate | Value | Value Increase Rate |
|---|---|---|---|---|
| 2023-10-15 | N/A | N/A | $63,890 | 5.92% |
| 2022-10-15 | N/A | N/A | $60,319 | -0.39% |
| 2021-10-15 | N/A | N/A | $60,558 | -11.88% |



Listed by: Tonya Canady - Licensed Associate Real Estate Broker • SERHANT.
Mls Name: StreetEasy
Mls ID: #1736172