125 Rogers Ave
Brooklyn, NY 11216
Multifamily Property For Sale · 6 Units
INVESTMENT HIGHLIGHTS
- Large Footprint: The existing building is 26’ x 75’ with central air shafts, allowing for six 3BR / 2BTH railroad apartments.
- Owner/User Potential: Buyer could occupy one or more of the vacant units for their own use and lease out the rest for cashflow.
- The 2, 3, 4, 5, & S trains are within a few blocks away, offering access to Downtown Brooklyn and Midtown Manhattan within 20-30 minutes.
- Vacancy: Two of the six units will be delivered vacant (2R & 3R), with two additional units in arrears with evictions in-process (1L & 1R).
- The property has 2,430 SF of unused air rights, presenting opportunity for future expansion or a sale of air rights sale/transfer.
EXECUTIVE SUMMARY
Crown Heights- Rogers & Park Place. Location-Location Legal 6 family well maintained with approximately. 3 bedrooms each apt & full basement! All 3 bedrooms apartments railroad style & finished basement with 2 separate entrance 2-bathroom, high ceiling, entertainment/recreation room with wet bar! Some units newly renovated 3 bedrooms 1 bath railroad style apartment with 2 entrances bright & sunny with hardwood floors, modern bathroom & New EIK kitchen! Building size 26 x 75 lot size 26 x 100 Zone R6A, C2-4 (Can be converted to commercial storefront) Residential FAR 3 with additional 2,418 buildable sq ft. Great location! New water main just installed! Great income & 8% CAP rate! 3 units 1R & 3R will be delivered vacant possible 4 vacancy-All leases expire SOON! Close to 2,3, 4, & S train & buses! BRP Exclusive -Block away BUSY Classon Avenue Restaurant row & entertainment & shopping strip! from Medgar's Evers College, Suny Downstate Hospital, Pratt, Brooklyn Children's Museum, Brooklyn Museum & More!!! Minutes to Manhattan to Prospect Park! Steps away from Supermarkets, Restaurants, Laundromats, etc., Units are shown by appointment reshow only! Owner VERY motivated!!
PROPERTY FACTS
| Price Per Unit | $233,333 |
| Sale Type | Investment |
| Sale Condition | 1031 Exchange |
| No. Units | 6 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Mid-Rise |
| Building Class | C |
| Lot Size | 0.06 AC |
| Building Size | 5,400 SF |
| No. Stories | 3 |
| Year Built | 1931 |
UNIT AMENITIES
- Cable Ready
- Heating
- Eat-in Kitchen
- Granite Countertops
- Hardwood Floors
- Refrigerator
- Yard
- Basement
- Garden
PROPERTY TAXES
| Parcel Number | 01240-0007 | Improvements Assessment | $503,550 |
| Land Assessment | $7,200 | Total Assessment | $510,750 |
ZONING
| Zoning Code | R6 C2-4 (R6 C2-4) |
