Triplex with Finished
For Sale
$1,590,000
562 Rogers Ave, Brooklyn, NY 11225
Legal three-family residence with completed lower-level space, outdoor area, and strong access to public transportation.
Property Size2,964 SF
Days on Market44
Property Features for 562 Rogers Ave
General Information
Standard status
Active
Size
2,964 SF
Property subtype
Investment
Taxes and HOA fees
Annual Taxes
$6,865
Building Details
Building Size
2,964 SF
Year Built
1910
Units
3
Listing Agency:
Charles Rutenberg Realty, Inc.
Listed By:
Vickash Ramdeen · License #40RA0958572
(516) 575-7500
Source:
Elliman
Added: Jul 21
Changed: Aug 30
Last Checked: Sep 1 at 10:10PM
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 Charles Rutenberg Realty, Inc.
Investment Insights
Based on property information with market context.
This legal three-family residence was built in 1910 and provides eight bedrooms and four full bathrooms across a multifamily configuration. The finished basement adds storage capacity, while the backyard provides dedicated outdoor space for occupants.
The property is in Brooklyn, near public transportation, shops, restaurants, and other neighborhood amenities. Walk Score is 95, Transit Score is 100, and Bike Score is 76, reflecting convenient access to walking, transit, and cycling options.
The property is in Brooklyn, near public transportation, shops, restaurants, and other neighborhood amenities. Walk Score is 95, Transit Score is 100, and Bike Score is 76, reflecting convenient access to walking, transit, and cycling options.
Key Highlights
- Legal 3‑family property built in 1910
- 8 bedrooms and 4 full bathrooms
- Finished basement with ample storage space
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
$103,804
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
6.53%
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%
$2,076,080
$2.1M
Cap Rate 7%
$1,482,914
$1.5M
Cap Rate 9%
$1,153,378
$1.2M
Market Conditions
NOI Build-Up for 2,964 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
$151.2K $51.00/SF
− Vacancy
−$2.9K −$0.97/SF
EGI
$148.3K $50.03/SF
− OpEx
−$44.5K −$15.01/SF
NOI
$103.8K $35.02/SF
Area
Brooklyn, NY
Vacancy
1.90%
Lease Rate
$51.00 /SF/Yr
Expense Ratio
30.00%
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%
$2,076,080
Cap Rate 7%
$1,482,914
Cap Rate 9%
$1,153,378
Alternative Uses
Best Use
Multifamily LT 5
$1.48M
$1.30M – $1.73M
NOI $103,804 @ 7.0% cap · market cap 6.53%
Second Best
Apartment 5plus
$1.29M
$1.13M – $1.51M
NOI $90,488 @ 7.0% cap · market cap 5.69%
Theoretical Best
Specialty Retail
$2.45M
$2.15M – $2.86M
NOI $171,793 @ 7.0% cap · market cap 10.80%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
6,379
Businesses Nearby
Explore this area
Business Placement
Demographics for 11225, NY
58,786
Population
26,703
Households
2.2
Avg Household Size
36
Median Age
48%
College-Educated
89%
High-School Grad
0.9 sq mi
ZIP Area
65,318
Density / Sq Mi
$85,201
Median Household Income
$54,639
Median Earnings
$1,733
Median Rent
$1,218,300
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?
Triplex - Legal three-family residence with completed lower-level space, outdoor area, and strong access to public transportation.
Where is this triplex located?
The property is located at 562 Rogers Ave Brooklyn, NY.
What is the asking price?
The asking price for this property is $1,590,000.
What are key features of this property?
This property features: Legal 3‑family property built in 1910; 8 bedrooms and 4 full bathrooms; Finished basement with ample storage space
