Two-Bedroom Residential Income
For Sale
$995,000
157 Rogers Avenue B, Brooklyn, NY 11216
Two-bath residence with an open living plan, integrated kitchen appliances, in-unit laundry, and video intercom access.
Property Size933 SF
Price / SF$1,066
Days on Market31
Property Features for 157 Rogers Avenue B
General Information
Standard status
Active
Size
933 SF
Property subtype
Apartment
Taxes and HOA fees
Annual Taxes
$3,863
Building Details
Building Size
933 SF
Year Built
1920
Listing Agency:
Compass
(646) 321-0186
Listed By:
Rotem Lindenberg
(646) 321-0186
Source:
Howardhannanyc
Added: Jul 16
Changed: Aug 13
Last Checked: Aug 14 at 1:00PM
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 Compass
Investment Insights
Based on property information with market context.
Residence B is a 933-square-foot, two-bedroom, two-bath residence at 157 Rogers Avenue in Brooklyn’s Crown Heights neighborhood. The interior centers on an open living and dining arrangement with oversized dual-pane windows, while the kitchen includes an island, integrated appliances, a dishwasher, a microwave, and custom cabinetry. The primary bedroom is positioned at the rear and includes substantial closet space plus access to a double-entry bath with a deep soaking tub. A second bedroom provides additional living or work space.
In-unit washer/dryer, electric air conditioning and heating, and a video intercom system support everyday convenience. The building was constructed in 1920. The property is subject to an offering plan, File No. CD-250203. Real estate taxes reflect available abatements and exemptions for eligible owners; purchasers should confirm eligibility and future obligations with their professional advisors.
In-unit washer/dryer, electric air conditioning and heating, and a video intercom system support everyday convenience. The building was constructed in 1920. The property is subject to an offering plan, File No. CD-250203. Real estate taxes reflect available abatements and exemptions for eligible owners; purchasers should confirm eligibility and future obligations with their professional advisors.
Key Highlights
- 933 SF two‑bedroom, two‑bath residence at 157 Rogers Avenue B
- Open living and dining layout with oversized dual‑pane windows
- Kitchen with island, integrated appliances, dishwasher, microwave, and custom cabinetry
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
$28,484
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
2.86%
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%
$569,680
$569.7K
Cap Rate 7%
$406,914
$406.9K
Cap Rate 9%
$316,489
$316.5K
Market Conditions
NOI Build-Up for 933 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
$52.8K $56.64/SF
− Vacancy
−$1.1K −$1.13/SF
EGI
$51.8K $55.51/SF
− OpEx
−$23.3K −$24.98/SF
NOI
$28.5K $30.53/SF
Area
Brooklyn, NY
Vacancy
2.00%
Lease Rate
$56.64 /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%
$569,680
Cap Rate 7%
$406,914
Cap Rate 9%
$316,489
Alternative Uses
Best Use
Apartment 5plus
$406.9K
$356.1K – $474.7K
NOI $28,484 @ 7.0% cap · market cap 2.86%
Second Best
—
—
no second resolved use
Theoretical Best
Specialty Retail
$772.5K
$676.0K – $901.3K
NOI $54,077 @ 7.0% cap · market cap 5.43%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
5,396
Businesses Nearby
Explore this area
Business Placement
Demographics for 11216, NY
61,251
Population
28,825
Households
2.1
Avg Household Size
34
Median Age
56%
College-Educated
91%
High-School Grad
1.0 sq mi
ZIP Area
61,251
Density / Sq Mi
$95,000
Median Household Income
$61,389
Median Earnings
$2,180
Median Rent
$1,398,400
Median Home Value
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Residential income property - Two-bath residence with an open living plan, integrated kitchen appliances, in-unit laundry, and video intercom access.
Where is this residential income property located?
The property is located at 157 Rogers Avenue B Brooklyn, NY.
What is the asking price?
The asking price for this property is $995,000.
What are key features of this property?
This property features: 933 SF two‑bedroom, two‑bath residence at 157 Rogers Avenue B; Open living and dining layout with oversized dual‑pane windows; Kitchen with island, integrated appliances, dishwasher, microwave, and custom cabinetry
