Mixed-Use Building with Restaurant
For Sale
$1,850,000
408 Rogers Avenue, Brooklyn, NY 11225
Mixed-use property featuring a restaurant, lounge, and residential units.
Property Size1,500 SF
Price / SF$1,233
Days on Market229
Property Features for 408 Rogers Avenue
General Information
Standard status
Active
Size
1,500 SF
Property subtype
Mixed
Taxes and HOA fees
Annual Taxes
$10,020
Amenities
Central air
Building Details
Year Built
1899
Units
2
Listing Agency:
Park Slope Union
Listed By:
Andrew Mapp · License #30MA1017151
(917) 771-8372
Source:
Corcoran
Added: Feb 18
Changed: Aug 9
Last Checked: Aug 30 at 6:31PM
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 Park Slope Union
Investment Insights
Based on property information with market context.
This mixed-use building features a commercial restaurant, lounge, and music venue, along with two identical residential units. Each residential unit features a split-bedroom layout. One of the units includes outdoor space. Located in Prospect Lefferts Gardens, the property benefits from the ongoing development of the neighborhood. Rogers Avenue provides access to various goods and services. Subway access is available via the 2, 5, Q, B, and S lines. Prospect Park and the Brooklyn Botanic Garden are located nearby. The two-bedroom, one-bathroom apartments are situated above the retail space. Both units are bright and feature new floors, appliances, lighting, split-systems, and radiators. One unit includes a large outdoor space. Both units have living areas and separate dining areas. The commercial space is a venue that draws a crowd. The lounge offers an aesthetic. The property includes approximately 1500 sq. ft. of buildable space represented in additional FAR.
Key Highlights
- High‑end, established commercial restaurant/lounge/music venue included.
- Two spacious, renovated 2‑bedroom residential units feature new floors, appliances, lighting, and split‑systems.
- One residential unit features a large, private outdoor space.
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$86,940
Cap Rate
4.70%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,738,800
$1.7M
Cap Rate 7%
$1,242,000
$1.2M
Cap Rate 9%
$966,000
$966.0K
Market Conditions
NOI Build-Up for 1,500 SF
Gross rent
$126.0K $84.00/SF
− Vacancy
−$10.1K −$6.72/SF
EGI
$115.9K $77.28/SF
− OpEx
−$29.0K −$19.32/SF
NOI
$86.9K $57.96/SF
Area
Brooklyn, NY
Vacancy
8.00%
Lease Rate
$84.00 /SF/Yr
Expense Ratio
25.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,738,800
Cap Rate 7%
$1,242,000
Cap Rate 9%
$966,000
Alternative Uses
Best Use
Specialty Retail
$1.24M
$1.09M – $1.45M
NOI $86,940 @ 7.0% cap · market cap 4.70%
Second Best
Mixed Use
$777.9K
$680.6K – $907.5K
NOI $54,450 @ 7.0% cap · market cap 2.94%
Theoretical Best
—
—
same as Best Use
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Current Use
Location Intelligence
Trade Area within ½ mile
5,919
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
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Multifamily in Northeast region
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Frequently Asked Questions
What type of property is this?
Mixed-use property - Mixed-use property featuring a restaurant, lounge, and residential units.
Where is this mixed-use property located?
The property is located at 408 Rogers Avenue Brooklyn, NY.
What is the asking price?
The asking price for this property is $1,850,000.
What are key features of this property?
This property features: High‑end, established commercial restaurant/lounge/music venue included.; Two spacious, renovated 2‑bedroom residential units feature new floors, appliances, lighting, and split‑systems.; One residential unit features a large, private outdoor space.
