70 Clark St APT 6B, Brooklyn, NY, 11201 | 7.45% Rental Yield

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70 Clark St APT 6B, Brooklyn, NY, 11201 | 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

Investment property for sale in Brooklyn at 70 Clark St APT 6B, Brooklyn, NY, 11201 at $450,000 posts ROI 18.21% with from $2,794/mo rent. Total monthly income equals $2,794/mo. Return on cash invested measures 18.21% and rental yield reads 7.45% at the current $450,000. Equity gained on principal adds $2,904/yr, and 5% annual appreciation supports $124,327 by year five. Five-year ROI prints 94.37% and total cumulative return in cash totals $140,778. You can finance with Ziffy Mortgage’s DSCR loan, which relies on $2,794/mo property income rather than your personal income records (W2s, Paystubs, and Tax returns).

Condo

Built in 1947

N/A lot

$N/A/sqft

No HOA

More details about the property

BRAND NEW MAGNIFICENT MINT RENOVATION! Top floor studio apartment gutted down to the bones and renovated to perfection! Long hallway with coat closet leads into sun-drenched living room with 2 northern exposed windows. Separate, mint, immaculate renovated kitchen has 3 northwest corner windows with partial lower Manhattan views, top grade appliances, quartz countertop and extensive custom cabinets! Newly plastered & painted, freshly polyurethaned hardwood floors. Newly renovated bath with western window has all new tiles, bathtub, toilet, cabinet, vanity and flooring. New custom moldings, lighting, electric. No dogs permitted. Co-op has MANY MCI's including a brand new elevator, new laundry room (2023), storm windows, brick repointing, video intercom system, gutted lobby with common garden area. On site Management. Excellent investment potential as the co-op permits unlimited subletting after 3 years of owner occupancy. Steps to subways, (2,3,4,5,N,R,A,C), Henry Street shopping/restaurants. 2 blocks to historic Promenade and Montague Street, short walking distance to Atlantic Avenue, DUMBO.

Neighborhood Data

Neighborhood data shown for ZIP Code: 11201, Brooklyn, NY area.

Housing Distribution

Housing Statistics

Category	Value
Total HU (Housing Units)	38,878 (100%)
Owner Occupied HU	10,690 (27.5%)
Renter Occupied HU	23,599 (60.7%)
Vacant Housing Units	4,589 (11.8%)
Median Home Value	$1,369,636
Average Home Value	$1,410,575