10 apartments, vacant building for $4M in Brooklyn

This 10 units mixed use building is located on Rogers Ave and Ave D corner, Brooklin, the building is vacant, selling as is, for cash only.  

• Type: Residential apartment building

• Neighborhood: Flatbush, Brooklyn

• Construction Year: 1910

• Stories: 3

• Units: 12

• Lot Dimensions: Approximately 27 ft (frontage) × 103 ft (depth)

• Total: 8343SqFt

  • Brooklyn Rogers Avenue & Avenue D PRIME Investment well maintained 3 Story Corner SOLID BRICK 

  • Semi Attached FULLY VACANT legal 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!! Co lister "Venus" Siu Yee Shum - Another BRP Exclusive! Sold As Is - Great Location- a few steps away from Train, Shopping, Restaurant, bus stop in front and more! High traffic and foot traffic!