Building Details

Building Size 3,000 SF

Year Built 1899

Buildings 1

Stories 3

Listed By: Gail Leone Show Phone

Source: Clairedleone

Added: Aug 28, 2024 Changed: Oct 26 Last Checked: Oct 26 at 3:46AM

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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 Gail Leone

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Investment Insights

Based on property information with market context.

This mixed-use property contains 3,000 square feet, with a 20-by-50-foot building footprint. The configuration includes store or office space, four bedrooms, three full bathrooms, and two kitchens, creating a combination of commercial and residential space within one building.

Built in 1899, the property is located at 1089 Rogers Avenue in Brooklyn, New York. Its zoning designation is X.

Key Highlights

• 3,000‑square‑foot mixed‑use property
• Store or office area alongside four bedrooms and three full bathrooms
• Two kitchens

Financial Insights

Estimated NOI and Cap Rate

NOI / Yr

$66,600

Cap Rate

7.48%

Suggested Prices Based on Cap Rates

Cap Rate 5%

$1,332,000 $1.3M

Cap Rate 7%

$951,429 $951.4K

Cap Rate 9%

$740,000 $740.0K

Is this asking price fair?

Market Conditions

NOI Build-Up for 3,000 SF

Gross rent

$115.2K $38.40/SF

− Vacancy

−$8.6K −$2.88/SF

EGI

$106.6K $35.52/SF

− OpEx

−$40.0K −$13.32/SF

NOI

$66.6K $22.20/SF

Area

ZIP 11226

Vacancy

7.50%

Lease Rate

$38.40 /SF/Yr

Expense Ratio

37.50%

Simulate Cap Rate and NOI

Suggested Prices Based on Cap Rates

Cap Rate 5%

$1,332,000

Cap Rate 7%

$951,429

Cap Rate 9%

$740,000

Alternative Uses

Best Use

Mixed Use

$951.4K

$832.5K – $1.11M (±1% cap)

NOI $66,600 @ 7.0% cap · market cap 7.48%

Second Best

Retail

$922.3K

$807.0K – $1.08M (±1% cap)

NOI $64,562 @ 7.0% cap · market cap 7.25%

Theoretical Best

Office A

$1.48M

$1.30M – $1.73M (±1% cap)

NOI $103,795 @ 7.0% cap · market cap 11.66%

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

Property Analytics

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Current Use

Storefront properties

Suggested Use

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

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

Location Intelligence

Trade Area within ½ mile

4,917

Businesses Nearby

260k

Monthly Visits Nearby

Explore this area Business Placement

Foot Traffic Nearby

Apparel 32% Groceries 29% Shops & Services 20% Dining 13%

Food Bazaar Supermarket Groceries

58,994 visits/mo 0.4 miles

Old Navy Apparel

34,998 visits/mo 0.4 miles

Burlington Apparel

21,398 visits/mo 0.4 miles

Shell Shops & Services

18,428 visits/mo 0.5 miles

Key Food Supermarkets Groceries

11,054 visits/mo 0.4 miles

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 Retail in Northeast region

6% 2019

7.1% 2020

6.5% 2021

6% 2022

5.7% 2023

5.6% 2024

6% 2025

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Frequently Asked Questions

What type of property is this?

Mixed-use property - The property combines store or office space with residential rooms and two kitchens.

Where is this mixed-use property located?

The property is located at 1089 Rogers Avenue Brooklyn, NY.

What is the asking price?

The asking price for this property is $890,000.

What are key features of this property?

This property features: 3,000‑square‑foot mixed‑use property; Store or office area alongside four bedrooms and three full bathrooms; Two kitchens