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852-854 Rogers Avenue, Brooklyn, NY, 11226

852-854 Rogers Avenue

$3,200,000

Key Information

Cap Rate
6.7%
Tot. SF
6,457
Lot Size
0.08 Acres
Units
8
Type
Apartments
NOI
$214,729

Highlights

• Large Residential Unit Layouts: Corner exposure allows for large unit layouts, with upper floors consisting of four floor-through apartments: (2) 4 BR / 2 BTH, (2) 4 BR / 1.5 BTH
• 100% Free Market: The subject property is fully free-market with no history of rent stabilization or rent control
• Strong Cash Flow: Currently grossing ~$300K with separate utilities, resulting in healthy net operating income of $215,000
• Renovated With High-End Finishes: The buildings are fully renovated with high-end appliances and fixtures, dishwashers, and central air
• Available Air Rights: The property is zoned R6 / C2-3 with ~3,500 SF of unused air rights for upward or outward expansion
• Transit Oriented Location: The 2 & 5 trains are just two blocks away at Church Avenue with direct access to Grand Army Plaza, Prospect Park, Downtown Brooklyn, and Midtown Manhattan
• Neighborhood Amenities: Within blocks of grocery stores, restaurants, retail, fitness centers, and other neighborhood amenities along Church, Nostrand, and Flatbush Avenues

Photos

Location

Agents

Broker of Record

Cory Rosenthal

License # 10311210106, 10991237833 (NY)
Matthews Real Estate Investment Services, Inc
575 5th Ave., Ste 2810 New York, NY 10017