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10763405

956 Rogers Ave, Brooklyn, NY 11226

KV
109918089
Brown Harris Stevens
Listed by Brown Harris Stevens
$1,250,000
1150 days on market
Updated 56 days ago

956 Rogers Avenue

Details
Property Type Multifamily
Sub Type Apartment Building
Square Footage 2,430
Units 3
Pro-Forma Cap Rate 5.84%
Pro-Forma NOI $73,052
Price per SqFt $514
Buildings 1
Stories 3
Lot Size (SqFt) 900
Zoning R6 (2.43)
Ownership Local

Multifamily | 3 Units | $416,667/unit

Marketing description

A three story three-unit three story building. The property has a two-bedroom apartment on the first floor. This unit has access to the back yard and basement. The second floor is a two-bedroom floor-through apartment. The third floor is a renovated vacant two-bedroom floor-through apartment.

The units have a full kitchen and full bathroom and are individually metered for gas and electric. The meters are in the basement and the boiler and water heater is gas.

Investment highlights

The property is a prime investment opportunity, since the units are free market an investor can add value by updating the apartments and giving each unit their own boiler and water heaters. The first floor can be converted into a store, the second floor can be commercial or residential. The third floor can have a two studio units one to the front and one to the back.

The building is also a great user opportunity, a user can occupy the first floor to create a duplex garden apartment with the basement. The second and third floors can be rented for income. The zoning allows the first floor to be converted into commercial space. This would allow a user to have their business on the first floor.

The property is located on a busy block with lots of foot traffic, there are nice retail stores, super markets and restaurants in the area. The B49 bus stops on Rogers & Tilden Avenue, 2 & 5 train is on Beverly Road & Nostrand Avenue. Please note: The second floor is occupied by the past owner and the current owner is in court with him. The first floor tenant is leaving and the third floor is vacant.

Listing Contacts

KV
109918089
Brown Harris Stevens
Listed by Brown Harris Stevens

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