70 Remsen St APT 6I, Brooklyn, NY, 11201 | $884/mo Cash Flow

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70 Remsen St APT 6I, Brooklyn, NY, 11201 | $884/mo Cash Flow | Ziffy

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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 Remsen St APT 6I, Brooklyn, NY, 11201 listed at $380,000 pairs $4,740/mo rent with a $1,860/mo payment to leave $884/mo cash flow. Total monthly income runs $4,740/mo, and annual cash flow reaches $10,612/yr on $125,970 cash to close. Return on cash invested measures 28.33% in year one, and rental yield registers 14.97% at a $380,000 basis. Equity gained on principal adds $2,452/yr, and annual property appreciation at 5% supports $104,987 by year five. Five-year ROI tracks 153.23% and total cumulative return in cash totals $193,021. Financing can be arranged with Ziffy Mortgage’s DSCR loan, which qualifies using $4,740/mo property income relative to a $1,860/mo payment rather than your personal income (W2, Tax Returns, Paystubs, or 1099).

Condo

Built in 1928

N/A lot

$N/A/sqft

$1,318 monthly HOA

More details about the property

Turnkey Studio in the Heart of Brooklyn Heights This charming studio at The Remsen, offers both style and convenience in one of Brooklyn Heights' most desirable locations. The apartment features a modern, light-filled bathroom with a glass-enclosed walk-in shower, sleek fixtures, and a pedestal bathroom sink, all set against clean, white tiles for a crisp and fresh look. The open kitchen is a perfect space for entertaining, featuring stainless steel countertops, a gas stove, a microwave, and plenty of cabinet space. The breakfast bar, complete with elegant lighting, flows seamlessly into the living area, which includes a smartly designed Murphy bed to optimize space and keep the studio feeling open and airy. The Remsen, a distinguished co-op in the heart of historic Brooklyn Heights was built in 1928 and features a grand Romanesque arched faade and an ornate pre-war lobby. Originally an 11-story hotel, it now offers 103 apartments. With a full-service building offering a 24/7 doorman, live-in superintendent, bike storage, laundry facilities, and pet-friendly policies, The Remsen has everything you need. Located just moments away from the Brooklyn Promenade, Brooklyn Bridge Park, and top shopping and dining spots, this studio offers a prime opportunity to live in one of the city's most historic neighborhoods.

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