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985 Rogers Ave 3 Unit Apartment Building $1,200,000 ($400,000/Unit) 11.39% Cap Rate Brooklyn, NY 11226

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INVESTMENT HIGHLIGHTS

  • Value through renovations.
  • Design it to suit your style or tenants’ needs.
  • Prime location – close to transit, schools, and local amenities.

EXECUTIVE SUMMARY

“3-Family Home with Endless Possibilities – Perfect for Investors or Owner-Occupants!”
This spacious three-family property offers an incredible opportunity to create value! After a COMPLETE RENOVATION, this 3 FAMILY brick property can become a stunning income-producing asset or a perfect home for an owner-occupant looking to live in one unit and rent the others.
Located in a prime neighborhood, this property features:
-Three separate apartments with private entrances.
-Ample living space across each floor.
-Great layout for customization and modern upgrades.
-Backyard space perfect for outdoor living or future enhancements.
-Convenient access to public transportation, schools, and shopping.
This is an ideal project for:
-Investors looking to renovate and flip or hold for rental income.
-Contractors seeking their next rehab project.
-First-time buyers willing to put in work and build equity.
-Bring your vision and creativity – this home is a blank canvas waiting to be transformed!
Some key Points to consider about this potential investment:
-Multi-family income potential – live in one unit and let the other two pay your mortgage.
-Equity growth – add value through renovations.
-Prime location – close to transit, schools, and local amenities.
-Strong rental market – great for long-term investment.
-Customizable layout – design it to suit your style or tenants’ needs.

FINANCIAL SUMMARY (PRO FORMA - 2025) Click Here to Access

ANNUAL ANNUAL PER SF
Gross Rental Income $99,999 $9.99
Other Income - -
Vacancy Loss - -
Effective Gross Income $99,999 $9.99
Taxes $99,999 $9.99
Operating Expenses $99,999 $9.99
Total Expenses $99,999 $9.99
Net Operating Income $99,999 $9.99

FINANCIAL SUMMARY (PRO FORMA - 2025) Click Here to Access

Gross Rental Income
Annual $99,999
Annual Per SF $9.99
Other Income
Annual -
Annual Per SF -
Vacancy Loss
Annual -
Annual Per SF -
Effective Gross Income
Annual $99,999
Annual Per SF $9.99
Taxes
Annual $99,999
Annual Per SF $9.99
Operating Expenses
Annual $99,999
Annual Per SF $9.99
Total Expenses
Annual $99,999
Annual Per SF $9.99
Net Operating Income
Annual $99,999
Annual Per SF $9.99

PROPERTY FACTS

Price $1,200,000
Price Per Unit $400,000
Sale Type Investment
Cap Rate 11.39%
Sale Condition High Vacancy Property
Gross Rent Multiplier 8
No. Units 3
Property Type Multifamily
Property Subtype
Apartment
  • Multifamily Apartments
Apartment Style Townhome
Lot Size 0.05 AC
Building Size 3,180 SF
Average Occupancy 0%
No. Stories 3
Year Built 1901
Zoning R6, C2-3 - high-density residential area with a commercial overlay, allowing for both multiple-family dwellings

UNIT MIX INFORMATION

DESCRIPTION NO. UNITS AVG. RENT/MO SF
8+3 3 - -
Walk Score®
Very Walkable (84)
Transit Score®
Rider's Paradise (100)
Bike Score®
Very Bikeable (71)
What is a Walk Score®, Transit Score® & Bike Score®?
Walk Score® measures the walkability of any address.
Transit Score® measures access to public transit.
Bike Score® measures bikeability of a location.
What is a Walk Score®
, Transit Score® & Bike Score?
Walk Score® measures the walkability
of any address. Transit Score®
measures access to public transit. Bike Score®
measures bikeability of a location.®
  • Listing ID: 37803334

  • Date on Market: 9/24/2025

  • Last Updated:

  • Address: 985 Rogers Ave, Brooklyn, NY 11226

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