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31622111
31622140

393 Rogers Avenue, Brooklyn, NY 11225

The Corcoran Group Brooklyn
Listed by The Corcoran Group Brooklyn
$2,498,000
57 days on market
Updated 46 days ago

393 Rogers Ave

Details
Property Type Multifamily
Sub Type Apartment Building
Square Footage 3,000
Units 3
Cap Rate 6.58%
NOI $164,397
Price per SqFt $833
Broker Co-Op Yes
Year Built 1915
Year Renovated 2018
Buildings 1
Stories 3
Zoning R5, C1-3

Turnkey Three-Family Strong Income + End-User Flexibility.

Marketing description

Turnkey Three-Family Strong Income + End-User Flexibility.

393 Rogers Avenue presents a gut-renovated, turnkey three-family townhouse built approximately 20 x 50' on 20' 90' lot at the crossroads of Crown Heights

and Prospect Lefferts Gardens. Delivering an approximate 6.5% cap rate with low taxes, this is a compelling opportunity for investors seeking immediate, stable returns. Equally appealing for an end-user, the property offers the flexibility to occupy the vacant unit while leveraging rental income from the remaining apartments to offset ownership costs from day-1.

Each residence is configured as a spacious three-bedroom with at least two full baths. The garden unit features a bonus recreation level with an additional half

bath, nearly 8-foot ceilings, and direct access to a private, serene backyard. Ceiling heights reach approximately 11 feet on the parlor level, enhancing light and

volume throughout.

All units have been thoughtfully finished with a cohesive, modern design, including:

-Central air conditioning & heating

-Natural oak hardwood flooring

-Pella architectural series windows

-Black granite countertops and stainless steel appliances

-In-unit gas washer/dryer and dishwasher

-Video intercom

-Recessed lighting

-Contemporary, fully renovated bathrooms

A shared, finished roof deck offers open views and added outdoor space for residents.

Located just one block from the New York City Subway 2/5 Lines at Sterling Street and along the B49 bus route, the property is surrounded by neighborhood

favorites including Bomberino, Bobbed Bandit, and Lidl. Nearby Prospect Park, the Prospect Park Zoo, and Brooklyn Public Library round out the lifestyle appeal.

Listing Contacts

The Corcoran Group Brooklyn
Listed by The Corcoran Group Brooklyn

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Loan Amount
$0.00
Annual Debt Service
$--
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Annual Cash Flow
$164,397.00
$13,699.75/mo

Valuation Metrics

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DSCR
6.58%
Cap Rate
6.58%
ROI

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