Investing in Brooklyn? Here is what you can get for $500,000.

Purchasing real estate is a big decision, but it is also an investment in your future. Looking to invest in Brooklyn? The borough has a significant number of rental units on the market at all times. To guide you through some of them, here are a couple of investment units for $500,000 or less.

 

1) 855 East 7th Street #1F

 

Neighborhood: Kensington
Price: $490,000
Size: 3 Bed, 2 Bath
Cap Rate: 14.09%
Return on Equity: 52.80 %

Located in the family-friendly neighborhood of Kensington, bordering Midwood, this 3 bedroom and 2 bathroom unit is a steal for those looking for a rental unit that holds a bigger household. The spacious, gut renovated unit stretches out over 1,000 square ft with laundry in building, a perfect match for those looking for a modern space!

 

 

 

2) 1200 East 53rd Street #1-Z

 

Neighborhood: Flatlands
Price: $130,000
Size: Studio, 1 Bath
Cap Rate: 12.82 %
Return on Equity: 93.66 %

Another Brooklyn gem is this studio, 1 bath apartment located in the Flatlands neighborhood. For $130,000 you get a bright apartment, newly renovated apartment, located in an elevator building. The apartment itself is located on the ground floor. The big windows and high ceilings make this apartment feel rather spacious.

 

 

 

3) 330 South 3rd Street #18

 

Neighborhood: East Williamsburg
Price: $399,000
Size: 2 Bed, 1 Bath
Cap Rate: 9.42 %
Return on Equity: 31.71 %

This sunny 2 bedroom, 1 bath apartment in trendy Williamsburg is sure to not last long. While the prime location is a major plus, the hardwood oak floors, the two bedrooms, along with the rest of the apartment being newly renovated, makes this a great deal for only $399,000.

 

 

 

4) 330 S 3rd St #4

 

Neighborhood: East Williamsburg
Price: $335,000
Size: 1 Bed, 1 Bath
Cap Rate: 8.53 %
Return on Equity: 27.29 %

Another Williamsburg favorite is this 1 bedroom, 1 bath apartment for $335,000. For the price, you get 400 square feet of hardwood floors, new windows, all new appliances, spacious closet space, all located in a perfect location in East Williamsburg.

 

 

 

 

5) 1270 East 51st Street #7-B

 

Neighborhood: Flatlands
Price: $250,000
Size: 2 Bed, 1 Bath
Cap Rate: 7.99 %
Return on Equity: 24.57 %

If space is one of the main criteria for which rental unit to invest in, this 900 square ft 2 bedroom, 1 bath apartment located in Flatlands is a great buy. For only $250,000 you get a lot for your money, in terms of space, laundry in building, and elevator building with a beautiful entrance to building complex.

 

 

 

6) 7259 Shore Road #1-A

 

Neighborhood: Bay Ridge
Price: $225,000
Size: Studio, 1 Bath
Cap Rate: 6.86 %
Return on Equity: 18.91 %

Further down in Brooklyn, more specifically Bay Ridge, you’ll find this dream studio apartment. Its layout creates the illusion of a small 1 bedroom apartment, as the kitchen and bedroom are somewhat separated. Location wise, the apartment is located close to the pier which grants scenic views of Downtown Manhattan.

 

 

 

 

7) 156 Macon Street

 

Neighborhood: Bedford-Stuyvesant
Price: $395,000
Size: 1 Bed, 1 Bath
Cap Rate: 6.68 %
Return on Equity: 6.68 %

Located in Bedford-Stuyvesant, this exposed brick 1 bedroom stands out. Big windows provide lots of natural sunlight to this elegant yet modern apartment. High ceilings, walnut hardwood floors, and a sleek kitchen design are just a few things that make this apartment an attractive deal for any buyer.

 

 

 

8) 40 3rd Street #7

 

Neighborhood: Carroll Gardens
Price: $450,000
Size: Studio, 1 Bath
Cap rate: 6.61 %
Return on Equity: 17.65 %

Carroll Gardens is known for gorgeous apartments, and this studio apartment will show you why. The cleaver layout, with a custom murphy bed/ wall bed, makes this a capacious studio apartment. Along with the wall bed, the apartment features high ceilings, washer and dryer in unit, and a custom walk-in closet. The apartment is located in a well-maintained brownstone building.

 

 

9) 400 Lincoln Pl #2G

 

Neighborhood: Prospect Heights
Price: $439,900
Size: 1 Bed, 1 Bath
Cap Rate: 6.32 %
Return on Equity: 28.59 %

Last but not least we have this gorgeous 1 bedroom apartment in popular Prospect Heights. Stunning interior and design meet you when walking in the door to the apartment, along with a smartly designed kitchen and signature pre-war high ceilings. Location wise, this apartment is located close to Prospect Park, which is a major plus for families and dog owners.

 

 

 

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