70 Remsen St APT 10E, Brooklyn, NY, 11201 | 7.22% Rental Yield

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70 Remsen St APT 10E, Brooklyn, NY, 11201 | 7.22% 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 70 Remsen St APT 10E, Brooklyn, NY, 11201 offers $2,497/mo rent that, after a $2,031/mo payment. Total monthly income is $2,497/mo. Return on cash invested measures 4.04% in year one, and rental yield stands at 7.22% at a $415,000 entry. Equity gained on principal adds $2,678/yr while 5% annual appreciation compounds into $114,657 by year five. Five-year ROI records 23.26% and total cumulative return in cash reaches $32,001. Lending can use Ziffy Mortgage’s DSCR loan, which structures approval around $2,497/mo property income versus a $2,031/mo payment rather than borrower’s personal income verification through W2s, Salary slips, and Tax returns.

Condo

Built in 1928

N/A lot

$N/A/sqft

$1,545 monthly HOA

More details about the property

Views for days! This high floor turnkey studio with unobstructed views of Downtown Manhattan is warm and inviting with its open southwest views. Both kitchen and bathroom were renovated recently, and a built in Murphy Bed with storage provides easy access to converting the space into sleeping area. The kitchen is finished with cherry wood cabinets, granite countertops, stainless steel gas range, over hood microwave and refrigerator. The bathroom is lined in white porcelain with built in glass shower door and new shower fixtures. Located in the heart of Brooklyn Heights, The Remsen was originally built as a hotel in 1929. It features an exquisite arched Romanesque facade and is situated on a peaceful, tree-lined block just a stones throw away from the shops and restaurants on nearby Montague St as well as the iconic Brooklyn Promenade and Brooklyn Bridge Park. Additionally, 70 Remsen is just one subway stop away from Manhattan with the 2/3/4/5/R trains all readily available minutes away from the building. The buildings features include a 24-hour concierge, live-in super, central laundry room, bike storage, and an elevator. Pets are welcome upon approval!

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