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1257 Rogers Ave
Brooklyn, NY 11226
Sale · Multifamily Property For Sale
·
8 Units
Investment Highlights
- Renovated in 2018 with modern finishes and amenities.
- The neighborhood’s commercial corridors feature a wide array of shops, boutiques, and restaurants, offering a diverse selection.
- Steps from 2 and 5 subway lines at Newkirk Ave.
- Fully free-market eight-unit building in prime Flatbush.
Executive Summary
Ownership Seeking Proposals
Property Snapshot
• A four-story multifamily property situated in the Flatbush neighborhood of Brooklyn
• 8 residential units featuring, hardwood floors, central air, in-unit washer/dryers and a private backyard and rooftop and accessible to tenants
• New construction completed in 2018
• 20 feet of frontage on Rogers Avenue
• This is a rare opportunity to acquire a fully free-market building that is also exempt from tenancy renewal rights and rent increase caps mandated by “Good Cause Eviction” for 30 years following the issuance of its 2021 Certificate of Occupancy
• The property benefits from a Tax Class 2B designation offering favorable tax treatment
• Short walk to the Newkirk Ave/Little Haiti Subway Station, 2 and 5 trains.
Property Snapshot
• A four-story multifamily property situated in the Flatbush neighborhood of Brooklyn
• 8 residential units featuring, hardwood floors, central air, in-unit washer/dryers and a private backyard and rooftop and accessible to tenants
• New construction completed in 2018
• 20 feet of frontage on Rogers Avenue
• This is a rare opportunity to acquire a fully free-market building that is also exempt from tenancy renewal rights and rent increase caps mandated by “Good Cause Eviction” for 30 years following the issuance of its 2021 Certificate of Occupancy
• The property benefits from a Tax Class 2B designation offering favorable tax treatment
• Short walk to the Newkirk Ave/Little Haiti Subway Station, 2 and 5 trains.
Property Facts
| Sale Type | Investment | Lot Size | 0.05 AC |
| No. Units | 8 | Building Size | 4,584 SF |
| Property Type | Multifamily | No. Stories | 4 |
| Property Subtype | Apartment | Year Built/Renovated | 1910/2018 |
| Apartment Style | Mid-Rise | Opportunity Zone |
Yes
|
| Building Class | C | ||
| Zoning | R6 - Medium density residential district | ||
| Sale Type | Investment |
| No. Units | 8 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Mid-Rise |
| Building Class | C |
| Lot Size | 0.05 AC |
| Building Size | 4,584 SF |
| No. Stories | 4 |
| Year Built/Renovated | 1910/2018 |
| Opportunity Zone |
Yes |
| Zoning | R6 - Medium density residential district |
Property Taxes
| Parcel Number | 05214-0077 | Improvements Assessment | $509,400 |
| Land Assessment | $87,750 | Total Assessment | $597,150 |
Property Taxes
Parcel Number
05214-0077
Land Assessment
$87,750
Improvements Assessment
$509,400
Total Assessment
$597,150
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