Day Care Center
New
For Sale
Contact for pricing
625 Rogers Avenue #CU1, Brooklyn, NY 11225
The existing interior is configured for daycare and educational operations, with Use Group 6 designation.
Property Size2,100 SF
Price / SF$638.10
Days on Market6
Property Features for 625 Rogers Avenue #CU1
General Information
Standard status
Active
Size
2,100 SF
Property subtype
Retail
Zoning
R6/C2-3
Listing Agency:
Marcus & Millichap - Manhattan
Listed By:
Scott Plasky · License #NY 40PL1176852
(212) 430-5229
Source:
Crexi
Added: Sep 22
Changed: Sep 26
Last Checked: Sep 26 at 2:55PM
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 Marcus & Millichap - Manhattan
Investment Insights
Based on property information with market context.
This 2,100-square-foot commercial condominium occupies the ground floor of a recently built, 20-unit residential condominium building. Its existing interior is arranged for daycare and educational use. The larger building contains approximately 37,432 square feet, and the property is within an R6/C2-3 zoning district with a Use Group 6 designation. An ICAP tax benefit applies to the commercial unit.
The property is at 625 Rogers Avenue in Brooklyn, between Clarkson Avenue and Parkside Avenue. Winthrop Street station, served by the 2 and 5 trains, is nearby.
The property is at 625 Rogers Avenue in Brooklyn, between Clarkson Avenue and Parkside Avenue. Winthrop Street station, served by the 2 and 5 trains, is nearby.
Key Highlights
- 2,100‑square‑foot commercial condominium
- Existing daycare and education buildout
- Located at the base of a recently constructed 20‑unit condominium building
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
$100,705
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
7.52%
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%
$2,014,100
$2.0M
Cap Rate 7%
$1,438,643
$1.4M
Cap Rate 9%
$1,118,944
$1.1M
Market Conditions
NOI Build-Up for 2,100 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
$163.3K $77.76/SF
− Vacancy
−$19.4K −$9.25/SF
EGI
$143.9K $68.51/SF
− OpEx
−$43.2K −$20.55/SF
NOI
$100.7K $47.95/SF
Area
Brooklyn, NY
Vacancy
11.90%
Lease Rate
$77.76 /SF/Yr
Expense Ratio
30.00%
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%
$2,014,100
Cap Rate 7%
$1,438,643
Cap Rate 9%
$1,118,944
Alternative Uses
Best Use
Retail
$1.44M
$1.26M – $1.68M
NOI $100,705 @ 7.0% cap · market cap 7.52%
Second Best
—
—
no second resolved use
Theoretical Best
Specialty Retail
$1.74M
$1.52M – $2.03M
NOI $121,716 @ 7.0% cap · market cap 9.08%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
6,886
Businesses Nearby
159k
Monthly Visits Nearby
Balanced
Demand for This Use
Explore this area
Business Placement
Foot Traffic Nearby
Shops & Services 40%
Dining 31%
Groceries 24%
Beauty & Spa 3%
McDonald's
Dining
33,086 visits/mo
0.4 miles
Shell
Shops & Services
18,428 visits/mo
0.5 miles
BP
Shops & Services
17,442 visits/mo
0.3 miles
BP
Shops & Services
16,358 visits/mo
0.5 miles
Key Food Supermarkets
Groceries
13,741 visits/mo
0.2 miles
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
Market
Vacancy Rate% for Retail in Northeast region
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
Similar Off Market Nearby
- Aim High Children Services — 83 Marlborough Rd, Brooklyn, NY 11226
- Babies Laine Daycare — 68 E 19th St, Brooklyn, NY 11226
- How They Grow Daycare — 50 E 19th St, Brooklyn, NY 11226
- Safety First Daycare — 1700 Albemarle Rd, Brooklyn, NY 11226
- Ms. Verna's NeighborSchool — 2111 albemarle rd apt. b 4th floor, brooklyn, ny 11226
Frequently Asked Questions
What type of property is this?
Day care center - The existing interior is configured for daycare and educational operations, with Use Group 6 designation.
Where is this day care center located?
The property is located at 625 Rogers Avenue #CU1 Brooklyn, NY.
What is the asking price?
The asking price for this property is $1,340,000.
What are key features of this property?
This property features: 2,100‑square‑foot commercial condominium; Existing daycare and education buildout; Located at the base of a recently constructed 20‑unit condominium building
