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30028503
30028504

1056 Rogers Ave, Brooklyn, NY 11226

DW
NY 10401384207
Cushman & Wakefield New York
NK
NY NY 10401356729
Cushman & Wakefield New York
DV
NY 10401278952
Cushman & Wakefield
JS
NY 10401375964
Cushman & Wakefield New York
Listed by Cushman & Wakefield New York, Cushman & Wakefield
$2,000,000
103 days on market
Updated 52 days ago

1056 Rogers Avenue

Details
Property Type Mixed Use
Sub Type Apartments over Retail
Square Footage 5,200
Units 7
Cap Rate 7.67%
NOI $153,326
Occupancy 100%
Pro-Forma Cap Rate 9.15%
Pro-Forma NOI $183,000
Price per SqFt $385
Year Built 1930
Year Renovated 2023
Buildings 1
Stories 3
Zoning R6, C2-3
Investment Type Value Add

Mixed Use | 7.67% CAP | 5,200 SqFt

Marketing description

1056 Rogers Avenue is a fully renovated, mixed-use investment opportunity situated in the heart of Flatbush, Brooklyn — a dense, transit-oriented neighborhood benefiting from strong rental demand and continued neighborhood growth. Positioned along the highly trafficked Rogers Avenue corridor, the property offers excellent accessibility, proximity to major retail and dining amenities, and convenient connections throughout Brooklyn and into Manhattan, via the 2 & 5 subway lines.

The three-story mixed-use walkup totals approximately 5,200 square feet and features a diversified income profile with four residential units and three commercial units (seven total units). All residential units have in-unit washer/dryer. The building sits on an approximately 2,275 square foot lot (22.75’ x 100’) with building dimensions of 20’ x 80’, providing a strong footprint and functional layout for long-term operation.

With Tax Class 2B status and an annual property tax of approximately $14,712, the asset offers tax class protected operating fundamentals in a appreciating Brooklyn location.

Please direct all inquiries to Cushman & Wakefield.

Investment highlights

  • Fully Renovated in 2023

  • Corner retail exposure

  • In-unit Washer/Dryer in all apartments

  • Tax Class 2B

  • Potential for retail owner occupancy in the immediate future

  • 100% Occupied with short term retail leases

  • 3-Minute Subway access at Beverly Road Station (2 and 5 Trains)

Listing Contacts

DW
NY 10401384207
Cushman & Wakefield New York
NK
NY NY 10401356729
Cushman & Wakefield New York
DV
NY 10401278952
Cushman & Wakefield
JS
NY 10401375964
Cushman & Wakefield New York
Listed by Cushman & Wakefield New York, Cushman & Wakefield

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Loan Amount
$0.00
Annual Debt Service
$--
$--
Annual Cash Flow
$153,326.00
$12,777.17/mo

Valuation Metrics

0
DSCR
7.67%
Cap Rate
7.67%
ROI

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Additional Information

Name
Dylan Walsh
License
10401384207
Brokerage
Cushman & Wakefield
Brokerage Phone
9178875441
Brokerage Address
1290 6th Avenue
Name
Nick Kolbus
License
NY 10401356729
Name
Dimitri Venekas
License
10401278952
Brokerage
Cushman & Wakefield
Name
Jeremy Stern
License
10401375964
Brokerage
Cushman & Wakefield
Brokerage Phone
212 389 6734
Title
Real Estate Sales Person
*All information is deemed reliable but not guaranteed. Buyer to verify all information.
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