1056 Rogers Ave - Storefront Retail/Residential FOR SALE


Brooklyn, NY 11226- Flatbush-Ditmas Park
$2,200,000 USD
914-391-7689
1056 Rogers Ave, Brooklyn, NY for Sale
$2,200,000 USD
Storefront Retail/Residential - FOR SALE
1/5
null | 7.68% Cap Rate

1056 Rogers Ave
Brooklyn, NY 11226
Flatbush-Ditmas Park


OVERVIEW

Douglas Elliman Commercial has been exclusively retained to arrange the sale of 1056 Rogers Avenue, a fully renovated, 100% occupied mixed-use corner building in the heart of Flatbush, Brooklyn. The three-story property comprises four residential apartments over three ground-floor commercial units totaling approximately 5,200 SF, and generates $168,890 in net operating income — a 7.68% in-place cap rate at the $2,200,000 asking price ($423/SF). The building was gut-renovated in 2023 with a new roof, new boiler, and in-unit washer/dryers in all four apartments, eliminating deferred maintenance risk. Commercial tenants reimburse water as added rent. Two of three commercial leases expire by March 2027 and the third is month-to-month, giving a buyer a near-term path to mark rents to market or accommodate an owner-user. In-place residential and commercial rents sit below prevailing Flatbush asking levels, supporting a pro-forma cap rate above 10% without speculative underwriting. Located on a high-visibility corner along the Rogers Avenue retail corridor, four minutes on foot from the 2/5 express at Beverly Road, with Tax Class 2B protection capping annual real estate taxes at $14,328. Offers reviewed upon receipt; tours by appointment.

FOR SALE DETAILS

PRICE

$2,200,000 USD

PRICE/SF

$423 USD /SF

CAP RATE

7.68%

% LEASED

-

TENANCY

Multiple

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Storefront Retail/Residential

TOTAL BUILDING SIZE

-

STORIES

3

YEAR BUILT

1930

SPRINKLERS

-

PARKING SPACES

-

LAND DETAILS

LAND ACRES

0.05 AC

LAND SF

2,275 SF

ZONING

R6, C2-3

APN/PARCEL ID

05170-0020

ASK ABOUT THIS PROPERTY

Jeffrey KesslerDouglas Elliman CommercialMore Info
914-391-7689

By clicking the button, you agree to Showcase's Terms of Use and Privacy Notice.

Jeffrey KesslerDouglas Elliman CommercialMore Info
914-391-7689

By clicking the button, you agree to Showcase's Terms of Use and Privacy Notice.