765 Park Pl APT 1B, Brooklyn, NY, 11216 | 7.25% Rental Yield

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Price: $300K - 500K

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765 Park Pl APT 1B, Brooklyn, NY, 11216 | 7.25% Rental Yield | Ziffy

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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 765 Park Pl APT 1B, Brooklyn, NY, 11216 generates $6,799/mo in rent, after a $5,506/mo payment. Total monthly income is $6,799/mo. Return on cash invested sits at 15.7% in year one, and rental yield is 7.25% on a $1,125,000 entry. Equity gained on principal adds $7,259/yr, while 5% annual appreciation builds toward $310,817 over five years. Five-year ROI reaches 81.65% and total cumulative return in cash sums $297,632. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $6,799/mo property income rather than buyer’s personal income.

Condo

Built in 2007

N/A lot

$N/A/sqft

$706 monthly HOA

More details about the property

EMAIL ME TO SCHEDULE A PRIVATE SHOWING. Welcome to 765 Park Place, Apt 1B - a rare gem nestled in the heart of Brooklyn with a 421-a tax abatement until 2036. Step into your own private oasis with a lush 1,527 sq ft garden - a rarity in bustling NYC. Picture yourself lounging on 800 sq ft of real grass, surrounded by the soothing ambiance of wood decking and slate pavers. Take a dip in the Canadian Spa Yukon Hot Tub, perfect for year-round relaxation. The newly renovated rear faade boasts a custom-built Pergola surrounded with trained vines and climbing roses, creating a picturesque setting for entertaining or unwinding after a long day. Inside, experience the comfort of this 2 bedroom, 1 bath (walk-in shower with separate bathtub) home with oversized 9'4 ceilings and top-of-the-line LG stainless steel appliances, including a washer and externally vented dryer. Custom closet systems adorn all bedroom closets, maximizing storage space and organization. Tailored, energy-efficient LED recessed lighting throughout the home allows you to create any mood and environment, with all lights dimmable to your preference. Enjoy the convenience of a private, secure, and deeded storage bin measuring 5' deep x 4' wide x 6.5' high, as well as a fully secured bike storage room. Commuting is a breeze with an ideal location for public transport, including access to the 2, 3, 4, 5, A, C, and S subway lines. With cultural attractions like the Brooklyn Museum, Brooklyn Botanical Garden, and Prospect Park just 10 min away, this apartment offers the perfect blend of convenience and leisure. Don't miss out on the opportunity to make this extraordinary property your own. Schedule your appointment today and experience urban living at its finest!

Neighborhood Data

Neighborhood data shown for ZIP Code: 11216, Brooklyn, NY area.

Housing Distribution

Housing Statistics

Category	Value
Total HU (Housing Units)	29,043 (100%)
Owner Occupied HU	4,631 (15.9%)
Renter Occupied HU	21,985 (75.7%)
Vacant Housing Units	2,427 ( 8.4%)
Median Home Value	$1,536,344
Average Home Value	$1,481,149