6-Unit Rent-Stabilized Apartment
For Sale
$1,399,000
1060 ROGERS Avenue, Brooklyn, NY 11226
Well-kept 6-unit rent-stabilized building with 1- and 2-bedroom apartments.
Property Size4,800 SF
Price / SF$291.46
Days on Market103
Property Features for 1060 ROGERS Avenue
General Information
Standard status
Active
Size
4,800 SF
Property subtype
Multi Family
Additional Details
Multifamily Units
6
Taxes and HOA fees
Annual Taxes
$12,156
Building Details
Building Size
4,800 SF
Year Built
1930
Buildings
1
Listing Agency:
Revived Residential
(718) 795-6263
Listed By:
Gregory Valvo
(718) 795-6263
Source:
Carlinwright
Added: Apr 29
Changed: Aug 8
Last Checked: Aug 8 at 9:34AM
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 Residential
Investment Insights
Based on property information with market context.
1060 Rogers Avenue is a well-kept 6-unit, rent-stabilized apartment building with approximately 4,800 square feet of living space. The building offers a mix of 1- and 2-bedroom units with a total of 15 rooms, including 9 bedrooms and 9 baths. Interiors include a clean, well-kept foyer and hallway leading to individual apartments. Units feature gleaming hardwood floors throughout, along with abundant natural light.
Set in the East Flatbush area of Brooklyn, the property is surrounded by the neighborhood’s dining and cultural offerings, with easy access to various transportation links and nearby parks.
Built in 1930, this apartment building is presented in good condition and offers a straightforward setup for an owner seeking a small multifamily asset within a well-established Brooklyn neighborhood.
Set in the East Flatbush area of Brooklyn, the property is surrounded by the neighborhood’s dining and cultural offerings, with easy access to various transportation links and nearby parks.
Built in 1930, this apartment building is presented in good condition and offers a straightforward setup for an owner seeking a small multifamily asset within a well-established Brooklyn neighborhood.
Key Highlights
- 6‑unit rent‑stabilized apartment building at 1060 Rogers Avenue, Brooklyn
- Approximately 4,800 square feet of residential space
- Unit mix includes 1- and 2‑bedroom apartments
Financial Insights
Estimated NOI and Cap Rate
NOI = area × lease_rate × (100 − vacancy) / 100 × (1 − expense_ratio). Net Operating Income — what the owner takes home each year before mortgage payments and income tax. Effective rent (asking rent minus vacancy losses) minus operating costs (taxes, insurance, maintenance, management).
NOI / Yr
$112,527
Cap rate = NOI / list price × 100. Capitalization rate — annual return on a fully cash purchase, before financing. NOI divided by price. Higher means more income per dollar invested, but usually also more risk or older condition. 5–8% is typical for stabilized commercial property; double digits often signal distressed deals.
Cap Rate
8.04%
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$2,250,540
$2.3M
Cap Rate 7%
$1,607,529
$1.6M
Cap Rate 9%
$1,250,300
$1.3M
Market Conditions
NOI Build-Up for 4,800 SF
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.
Gross rent
$213.1K $44.40/SF
− Vacancy
−$8.5K −$1.78/SF
EGI
$204.6K $42.62/SF
− OpEx
−$92.1K −$19.18/SF
NOI
$112.5K $23.44/SF
Area
ZIP 11226
Vacancy
4.00%
Lease Rate
$44.40 /SF/Yr
Expense Ratio
45.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$2,250,540
Cap Rate 7%
$1,607,529
Cap Rate 9%
$1,250,300
Alternative Uses
Best Use
Apartment 5plus
$1.61M
$1.41M – $1.88M
NOI $112,527 @ 7.0% cap · market cap 8.04%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$2.37M
$2.08M – $2.77M
NOI $166,072 @ 7.0% cap · market cap 11.87%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Current Use
Lease Details
6
Residential units
Location Intelligence
Trade Area within ½ mile
4,917
Businesses Nearby
Explore this area
Business Placement
Demographics for 11226, NY
101,727
Population
42,618
Households
2.4
Avg Household Size
37
Median Age
36%
College-Educated
86%
High-School Grad
1.3 sq mi
ZIP Area
78,252
Density / Sq Mi
$81,084
Median Household Income
$49,892
Median Earnings
$1,751
Median Rent
$866,300
Median Home Value
Market
Vacancy Rate% for Multifamily in Northeast region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Apartment building - Well-kept 6-unit rent-stabilized building with 1- and 2-bedroom apartments.
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 $1,399,000.
What are key features of this property?
This property features: 6‑unit rent‑stabilized apartment building at 1060 Rogers Avenue, Brooklyn; Approximately 4,800 square feet of residential space; Unit mix includes 1- and 2‑bedroom apartments
