7 Unit New Construction Building
Multifamily | 7 Units | $357,143/unit
Marketing description
Here is the revised, clean version of the listing text. The reference to "free market" is not present in this version, and it is formatted to be copied and pasted directly.
Investment Summary: 728A Rogers Avenue Location: Flatbush, Brooklyn, NY 11226 Asset Type: 7-Unit Multifamily (Modern Walk-up) Asking Price: $2,650,000 In-Place NOI: $153,413
Executive Summary
Mendy Realty Inc. is proud to present 728A Rogers Avenue, a turn-key, 7-unit multifamily investment opportunity in the heart of Flatbush, Brooklyn. Built in 2011, this property represents a stabilized, "new construction" asset that is perfect for 1031 exchange buyers or investors seeking high-yield, low-maintenance residential real estate.
The property benefits from a 421-a Tax Abatement, providing a major shield against operating expenses and boosting the net bottom line. With modern finishes, spacious layouts (including duplex units), and a location just blocks from Prospect Park, the building stays consistently occupied with high-quality tenancy.
Financial Highlights
Total Gross Annual Income: $195,560
Total Annual Expenses: ~$42,147
Net Operating Income (NOI): $153,413
Cap Rate: 5.79% (at asking price)
Tax Benefits: Active 421-a Tax Abatement in place.
Property Features
Construction Year: 2011 (Stabilized Modern Asset)
Building Size: Approx. 6,009 SF
Unit Mix: 7 Total Units
1 x 3-Bedroom / 2-Bathroom Duplex (Unit 1A)
5 x 1-Bedroom / 1-Bathroom Modern Units
1 x 1-Bedroom / 1-Bathroom Duplex (Unit 4B)
Zoning: R7-1
Tax Class: 2B
Location & Connectivity
Transit: Only a 2-minute walk to the Winthrop St (2/5) subway station.
Green Space: 3 blocks away from Prospect Park.
Nearby Hubs: Immediate proximity to SUNY Downstate Medical Center and Kings County Hospital, ensuring a steady stream of professional rental demand.
Neighborhood Growth: Located in the direct path of development moving south from Crown Heights, with several high-end luxury developments recently completed on adjacent blocks.
Contact Exclusive Broker
Mendy Lipsker Broker of Record | Mendy Realty Inc. Phone: 646-662-5454 Email: [email protected] Website: MendyRealty.com
Investment highlights
Here is the revised, clean version of the listing text. The reference to "free market" is not present in this version, and it is formatted to be copied and pasted directly.
Investment Summary: 728A Rogers Avenue Location: Flatbush, Brooklyn, NY 11226 Asset Type: 7-Unit Multifamily (Modern Walk-up) Asking Price: $2,650,000 In-Place NOI: $153,413
Executive Summary
Mendy Realty Inc. is proud to present 728A Rogers Avenue, a turn-key, 7-unit multifamily investment opportunity in the heart of Flatbush, Brooklyn. Built in 2011, this property represents a stabilized, "new construction" asset that is perfect for 1031 exchange buyers or investors seeking high-yield, low-maintenance residential real estate.
The property benefits from a 421-a Tax Abatement, providing a major shield against operating expenses and boosting the net bottom line. With modern finishes, spacious layouts (including duplex units), and a location just blocks from Prospect Park, the building stays consistently occupied with high-quality tenancy.
Financial Highlights
Total Gross Annual Income: $195,560
Total Annual Expenses: ~$42,147
Net Operating Income (NOI): $153,413
Cap Rate: 5.79% (at asking price)
Tax Benefits: Active 421-a Tax Abatement in place.
Property Features
Construction Year: 2011 (Stabilized Modern Asset)
Building Size: Approx. 6,009 SF
Unit Mix: 7 Total Units
1 x 3-Bedroom / 2-Bathroom Duplex (Unit 1A)
5 x 1-Bedroom / 1-Bathroom Modern Units
1 x 1-Bedroom / 1-Bathroom Duplex (Unit 4B)
Zoning: R7-1
Tax Class: 2B
Location & Connectivity
Transit: Only a 2-minute walk to the Winthrop St (2/5) subway station.
Green Space: 3 blocks away from Prospect Park.
Nearby Hubs: Immediate proximity to SUNY Downstate Medical Center and Kings County Hospital, ensuring a steady stream of professional rental demand.
Neighborhood Growth: Located in the direct path of development moving south from Crown Heights, with several high-end luxury developments recently completed on adjacent blocks.
Contact Exclusive Broker
Mendy Lipsker Broker of Record | Mendy Realty Inc. Phone: 646-662-5454 Email: [email protected] Website: MendyRealty.com
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