Active

1193 Rogers Avenue

Brooklyn NY, 11226

$4,000,000


$484.85 per sqft

Active

8,250 sqft

Multi-family

Built in 1910

Brooklyn Rogers Avenue & Avenue D PRIME Investment well maintained 3 Story Corner SOLID BRICK Semi Attached FULLY VACANT 10 Family & 2 store -STABILIZED & VACANT! Full basement! Featuring Vacant SEVEN 1 bedroom and THREE 2 bedrooms with living room & EIK! 2 Vacant Store approx. 1,300 sq ft each! New gas boiler! Building size 26.83 ft x 102.5 ft built on footprint. Qualified for Opportunity Zone! Projected Conservatively Projected monthly rent One bed- $ 2,000 a month Two bed $ 2,300 & Each Store $ 3,000 - High traffic & exposure warp around signage & Projected Gross annual income $ 322,800.00 Projected Gross Annual Expense $ 29,325.00 NET Projected Annual income $ 29,3475 = 8% Projected CAP Rate R6 Zoning. Great upside potential for long term or savvy investor- or developers to convert to Full market Condominium (Condo selling for $ 845.00 per sq ft today) or rent out for Affordable Housing! Don't MISS out!! Sold As Is - Great Location- a few moments away from Train, Shopping, Restaurant, bus stop in front and more! High traffic and foot traffic!

482274

MLS ID

August 8, 2024

Listed

September 13, 2024

Updated

Map

1193 Rogers Avenue
Brooklyn NY, 11226

Interior Features

Total Stories

3


Interior Features

Carpet, Hardwood


Floor Description

Carpet, Hardwood


Fireplace

No


Cooling

No


Heating

Yes


Heating Description

Steam, Natural Gas

Exterior/Building Features

Lot Size

0.06 Acres

Other Property Details

Area Name

Brooklyn


Taxes

$54,683


Tax Frequency

Annually


Days on Market

103


Garage

No


Parking

On Street


View

No


County

Kings


Pool

No


Zoning

R6

Listing History

Date

Event

Price

8/29/2024

Price change

$4,000,000

-7%

Listed by Jean P Ho with Brooklyn Real Property Inc.
Listing Contact: 7188758899 

Based on information from Brooklyn Board of REALTORS®. Data last updated 9/13/2024. IDX information is provided exclusively for consumers' personal, non-commercial use, it may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. All information is deemed reliable but not guaranteed and should be independently reviewed and verified. Property locations as displayed on any map are best approximations only and exact locations should be independently verified. All properties are subject to prior sale, change or withdrawal, and may or may not be listed by the office/agent presenting the information. Neither listing broker(s) nor Revived Residential shall be responsible for any typographical errors, misinformation, misprints and shall be held totally harmless.

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