Mixed-Use Building with Restaurant
408 ROGERS AVE Brooklyn, NY 11225
408 ROGERS AVE, Brooklyn, NY, 11225
$1,850,000
For Sale
$1,850,000
Mixed-use property featuring a restaurant, lounge, and residential units.
Property Size1,000 SF
Price / SF$1,850
Days on Market197
Property Features for 408 ROGERS AVE
General Information
- Standard status
- Active
- Size
- 1,000 SF
- Property subtype
- Mixed Use
Building Details
- Year Built
- 1899
Listing Agency
Corcoran Group
(212) 355-3550
Listed by
Andrew Mapp · License #30MA1017151
(917) 771-8372
Source
Xome
Added: Jan 2 Checked: May 31 at 11:21 pm
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 Corcoran Group
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. These two-bedroom, one-bathroom apartments are situated above the retail space in Prospect Lefferts Gardens. One unit includes a spacious outdoor area. Both units are bright, floor-through layouts with new floors, appliances, lighting, split-systems, and radiators. They feature separate dining areas and living areas. The commercial space is a well-received venue with an aesthetic. The property also offers roughly 1500 sq. ft. of buildable space represented in additional-FAR. The location provides subway access with the 2/5/Q/B/S lines. Prospect Park and the Brooklyn Botanic Garden are nearby. Lindl, Lincoln Market, and Western Beef offer a variety of supermarkets.
Key Highlights
- Established commercial restaurant/lounge/music venue with a strong reputation.
- Two spacious, renovated 2‑bedroom/1‑bath residential units with new floors, appliances, lighting, and split‑system A/C.
- One residential unit features a large, private outdoor space.
Local Financial Insights For Specialty Retail
Simulate Cap Rate and NOI
NOI Build-Up
- 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.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $84.0k | $84.00 |
| − Vacancy | −$6.7k | −$6.72 |
| EGI | $77.3k | $77.28 |
| − OpEx | −$19.3k | −$19.32 |
| NOI | $58.0k | $57.96 |
1,000 SF · lease $84.00/SF/yr · vacancy 8.00% · expense 25.00%
Alternative Uses
Best Use
Specialty Retail
$828.0K
$724.5K – $966.0K
NOI $57,960 @ 7.0% cap · market cap 3.13%
Second Best
Mixed Use
$518.6K
$453.8K – $605.0K
NOI $36,300 @ 7.0% cap · market cap 1.96%
Theoretical Best
—
—
same as Best Use
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use by Public Records
Catalyst Hospitality Consulting ...
Business Management Consultant
The Green Room
Bar & Pub
Similar For Sale Nearby
FAQs
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 AVE 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: Established commercial restaurant/lounge/music venue with a strong reputation.; Two spacious, renovated 2‑bedroom/1‑bath residential units with new floors, appliances, lighting, and split‑system A/C.; One residential unit features a large, private outdoor space.
