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985 Rogers Ave 3 Unit Apartment Building $1,200,000 ($400,000/Unit) 11.39% Cap Rate Brooklyn, NY 11226
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.
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 Under Contract
| Price | $1,200,000 | Property Subtype | Apartment |
| Price Per Unit | $400,000 | Apartment Style | Townhome |
| Sale Type | Investment | Lot Size | 0.05 AC |
| Cap Rate | 11.39% | Building Size | 3,180 SF |
| Sale Condition | High Vacancy Property | Average Occupancy | 0% |
| Gross Rent Multiplier | 8 | No. Stories | 3 |
| No. Units | 3 | Year Built | 1901 |
| Property Type | Multifamily | ||
| Zoning | R6, C2-3 - high-density residential area with a commercial overlay, allowing for both multiple-family dwellings | ||
| 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 |
| 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 | - | - |
1 1
Walk Score®
Very Walkable (84)
Transit Score®
Rider's Paradise (100)
Bike Score®
Very Bikeable (71)
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985 Rogers Ave
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