East Flatbush Multifamily Investment
1060 Rogers Avenue Brooklyn, NY 11226
For Sale
Contact for pricing
Well-kept 6-unit building in vibrant East Flatbush, Brooklyn.
Property Size4,800 SF
Price / SF$353.13
Days on Market71
Property Features for 1060 Rogers Avenue
General Information
Standard status
Active
Size
4,800 SF
Property subtype
Retail, Multifamily
Listing Agency:
Revived Commercial
Listed By:
Elysa Berlin · License #10301219469
Source:
Crexi
Added: May 19
Changed: Jul 10
Last Checked: Jul 27 at 4:29AM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of Revived Commercial
Investment Insights
Based on property information with market context.
Located in the East Flatbush neighborhood of Brooklyn, this 6-unit rent stabilized building at 1060 Rogers Avenue offers a unique investment opportunity. The property encompasses 4,800 square feet and features a mix of one- and two-bedroom apartments, totaling 15 rooms with 9 bedrooms and 9 baths. The building presents a clean and well-maintained foyer and hallways. The apartments feature hardwood floors and ample natural light. East Flatbush provides residents with access to local cultures, diverse dining options, and various transportation links. Nearby parks offer green spaces for outdoor activities. This property is an ideal addition to any investor's portfolio.
Key Highlights
- Well‑maintained 6‑unit rent stabilized building in East Flatbush, Brooklyn.
- Spacious 4,800 sq ft building with a mix of 1 and 2 bedroom units.
- Excellent investment opportunity in a rapidly evolving neighborhood.
Financial Insights For Apartment 5plus
Simulate Cap Rate and NOI
NOI Build-Up
- Vacancy
- income lost from leasable area expected to sit empty during the year — subtracted from gross rent.
- EGI (Effective Gross Income)
- gross rent minus vacancy losses — the realistic income before paying operating costs.
- OpEx (Operating Expenses)
- recurring costs to operate the property (property tax, insurance, utilities, maintenance, management) — excludes financing and capital improvements.
- NOI (Net Operating Income)
- income a property generates after operating costs but before financing and taxes.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $213.1k | $44.40 |
| − Vacancy | −$8.5k | −$1.78 |
| EGI | $204.6k | $42.62 |
| − OpEx | −$92.1k | −$19.18 |
| NOI | $112.5k | $23.44 |
4,800 SF · lease $44.40/SF/yr · vacancy 4.00% · expense 45.00%
Alternative Uses
Best Use
Apartment 5plus
$1.61M
$1.41M – $1.88M
NOI $112,527 @ 7.0% cap · market cap 6.64%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$2.37M
$2.08M – $2.77M
NOI $166,072 @ 7.0% cap · market cap 9.80%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use
Frequently Asked Questions
What type of property is this?
Apartment building - Well-kept 6-unit building in vibrant East Flatbush, Brooklyn.
Where is this apartment building located?
The property is located at 1060 Rogers Avenue Brooklyn, NY.
What is the asking price?
The asking price for this property is $1,695,000.
What are key features of this property?
This property features: Well‑maintained 6‑unit rent stabilized building in East Flatbush, Brooklyn.; Spacious 4,800 sq ft building with a mix of 1 and 2 bedroom units.; Excellent investment opportunity in a rapidly evolving neighborhood.
