Building Details

Building Size 4,268 SF

Year Built 1899

Stories 5

Units 7

Listing Agency: Liberty Chateau Realty Inc l***@libertychateau.com

Listed By: Nicholas Ho · License #10401241281 Show Phone

Source: Croninreale

Added: Sep 12, 2024 Changed: Oct 26 Last Checked: Oct 26 at 4:01AM

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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 Liberty Chateau Realty Inc

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Review the available facts, identify missing information and prepare questions for the agent.

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Investment Insights

Based on property information with market context.

This renovated, 4,268-square-foot mixed-use property contains seven residential units. The layouts include six one-bedroom apartments and one two-bedroom apartment; the top-floor duplex has a private terrace. One unit also includes a basement and half bath. The building dates to 1899.

Shopping, restaurants, parks, houses of worship, and public transportation are within walking or driving distance.

Key Highlights

• Seven residential units in a renovated mixed‑use property
• Six one‑bedroom apartments and one two‑bedroom apartment
• Duplex penthouse includes a private terrace

Financial Insights

Estimated NOI and Cap Rate

NOI / Yr

$100,056

Cap Rate

4.45%

Suggested Prices Based on Cap Rates

Cap Rate 5%

$2,001,120 $2.0M

Cap Rate 7%

$1,429,371 $1.4M

Cap Rate 9%

$1,111,733 $1.1M

Is this asking price fair?

Market Conditions

NOI Build-Up for 4,268 SF

Gross rent

$189.5K $44.40/SF

− Vacancy

−$7.6K −$1.78/SF

EGI

$181.9K $42.62/SF

− OpEx

−$81.9K −$19.18/SF

NOI

$100.1K $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 Rate 5%

$2,001,120

Cap Rate 7%

$1,429,371

Cap Rate 9%

$1,111,733

Alternative Uses

Best Use

Apartment 5plus

$1.43M

$1.25M – $1.67M (±1% cap)

NOI $100,056 @ 7.0% cap · market cap 4.45%

Second Best

Mixed Use

$1.35M

$1.18M – $1.58M (±1% cap)

NOI $94,750 @ 7.0% cap · market cap 4.21%

Theoretical Best

Office A

$2.11M

$1.85M – $2.46M (±1% cap)

NOI $147,666 @ 7.0% cap · market cap 6.56%

Zoning and permitted uses should be independently verified with authorities. How Realmo checks its estimates

Property Analytics

Contact the owner directly Get the owner's phone numbers and email

Open Analytics

Current Use

Mixed-use properties

Suggested Use

Top Pick Law Firm Real Estate Agency Parking Lot & Garage Skin Care Clinic Gym & Fitness Center Acupuncture

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Lease Details

7

Residential units

Location Intelligence

Trade Area within ½ mile

4,010

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

4% 2022

4.6% 2023

5.3% 2024

5.6% 2025

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Frequently Asked Questions

What type of property is this?

Mixed-use property - Residential layouts range from one-bedroom apartments to a two-bedroom unit, with a duplex penthouse and private terrace.

Where is this mixed-use property located?

The property is located at 1207 Rogers Avenue Brooklyn, NY.

What is the asking price?

The asking price for this property is $2,250,000.

What are key features of this property?

This property features: Seven residential units in a renovated mixed‑use property; Six one‑bedroom apartments and one two‑bedroom apartment; Duplex penthouse includes a private terrace