Mixed-Use Building with Street-Level
For Sale
$1,750,000
223 Rogers Avenue, Brooklyn, NY 11225
Two full-floor apartments occupy the upper levels above a ground-floor retail space.
Property Size3,360 SF
Price / SF$520.83
Days on Market11
Property Features for 223 Rogers Avenue
General Information
Standard status
Active
Size
3,360 SF
Zoning
R6
Additional Details
Mixed-Use Components
residential, retail
Multifamily Units
2
Taxes and HOA fees
Annual Taxes
$6,404
Amenities
Unfinished
Yes
Public
No
On Street
3360
Building Details
Building Size
3,360 SF
Year Built
1920
Buildings
1
Stories
3
Listing Agency:
The Agency Northshore NY
(516) 703-2918
Listed By:
John Taylor
Source:
Hedgestonehomes
Added: Oct 21
Changed: Oct 31
Last Checked: Oct 31 at 3:39AM
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 The Agency Northshore NY
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Investment Insights
Based on property information with market context.
This three-story mixed-use property combines street-level retail with two apartments, each occupying a full floor. The building dates to 1920 and has 3,360 square feet of property size. Interior areas are described as unfinished, providing a clear view of the existing condition without assuming a particular buildout or use configuration.
The property is located at 223 Rogers Avenue in Brooklyn, New York, and is zoned R6. Its vertical arrangement separates the retail component at grade from the residential apartments above.
The property is located at 223 Rogers Avenue in Brooklyn, New York, and is zoned R6. Its vertical arrangement separates the retail component at grade from the residential apartments above.
Key Highlights
- Three‑story mixed‑use building
- Two full‑floor residential apartments
- Retail space at street grade
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$121,968
Cap Rate
6.97%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$2,439,360
$2.4M
Cap Rate 7%
$1,742,400
$1.7M
Cap Rate 9%
$1,355,200
$1.4M
Market Conditions
NOI Build-Up for 3,360 SF
Gross rent
$221.8K $66.00/SF
− Vacancy
−$26.6K −$7.92/SF
EGI
$195.1K $58.08/SF
− OpEx
−$73.2K −$21.78/SF
NOI
$122.0K $36.30/SF
Area
Brooklyn, NY
Vacancy
12.00%
Lease Rate
$66.00 /SF/Yr
Expense Ratio
37.50%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$2,439,360
Cap Rate 7%
$1,742,400
Cap Rate 9%
$1,355,200
Alternative Uses
Best Use
Retail
$2.30M
$2.01M – $2.69M
NOI $161,127 @ 7.0% cap · market cap 9.21%
Second Best
Mixed Use
$1.74M
$1.52M – $2.03M
NOI $121,968 @ 7.0% cap · market cap 6.97%
Theoretical Best
Specialty Retail
$2.78M
$2.43M – $3.25M
NOI $194,746 @ 7.0% cap · market cap 11.13%
Zoning and permitted uses should be independently verified with authorities.
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Current Use
Lease Details
2
Residential units
Location Intelligence
Trade Area within ½ mile
4,963
Businesses Nearby
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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
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Market
Vacancy Rate% for Multifamily in Northeast region
Frequently Asked Questions
What type of property is this?
Mixed-use property - Two full-floor apartments occupy the upper levels above a ground-floor retail space.
Where is this mixed-use property located?
The property is located at 223 Rogers Avenue Brooklyn, NY.
What is the asking price?
The asking price for this property is $1,750,000.
What are key features of this property?
This property features: Three‑story mixed‑use building; Two full‑floor residential apartments; Retail space at street grade
