Historic Brick
For Sale
$1,689,000
76 Rogers Avenue, Brooklyn, NY 11216
Two residential units share a townhouse with a finished recreation level and access to a private garden.
Property Size3,015 SF
Lot Size0.04 Acres
Price / SF$560.20
Days on Market10
Property Features for 76 Rogers Avenue
General Information
Standard status
Active
Size
3,015 SF
Lot size
0.04 Acres
Property subtype
Multi Family
Site & Location
Road Access
Yes
Public Transit
Yes
Additional Details
Multifamily Units
2
Taxes and HOA fees
Annual Taxes
$3,816
Building Details
Building Size
3,015 SF
Year Built
1915
Construction
Federal Brick
Listing Agency:
Corcoran Group
Listed By:
Rodolfo Lucchese · License #30LU1052045
(917) 282-6762
Source:
Penrealty
Added: Sep 22
Changed: Sep 26
Last Checked: Sep 30 at 6:25PM
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.
Built in 1915, this two-family brick townhouse contains 3,015 square feet. The four-bedroom, three-bathroom property includes a finished recreation level, hardwood floors, oversized windows, high ceilings, three skylights, and two marble mantels. Original moldings, a carved wood cornice, and an original staircase retain distinctive period details. A rear door and newly built concrete stairs connect the lower level to the garden.
The building measures 16.75 by 45 feet on a 16.75-by-100-foot lot. Its 875-square-foot garden has western exposure, while the front of the property faces east. The home is just under one mile from Prospect Park and near the Franklin Avenue corridor, Brooklyn Botanic Garden, Grand Army Plaza Library, and Brooklyn Museum. Nearby subway service includes the 2, 3, 4, and 5 lines.
The building measures 16.75 by 45 feet on a 16.75-by-100-foot lot. Its 875-square-foot garden has western exposure, while the front of the property faces east. The home is just under one mile from Prospect Park and near the Franklin Avenue corridor, Brooklyn Botanic Garden, Grand Army Plaza Library, and Brooklyn Museum. Nearby subway service includes the 2, 3, 4, and 5 lines.
Key Highlights
- 3,015‑square‑foot, two‑family townhouse built in 1915
- Four bedrooms and three full baths
- 875‑square‑foot garden with western exposure
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
$105,590
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
6.25%
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%
$2,111,800
$2.1M
Cap Rate 7%
$1,508,429
$1.5M
Cap Rate 9%
$1,173,222
$1.2M
Market Conditions
NOI Build-Up for 3,015 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
$153.8K $51.00/SF
− Vacancy
−$2.9K −$0.97/SF
EGI
$150.8K $50.03/SF
− OpEx
−$45.3K −$15.01/SF
NOI
$105.6K $35.02/SF
Area
Brooklyn, NY
Vacancy
1.90%
Lease Rate
$51.00 /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%
$2,111,800
Cap Rate 7%
$1,508,429
Cap Rate 9%
$1,173,222
Alternative Uses
Best Use
Multifamily LT 5
$1.51M
$1.32M – $1.76M
NOI $105,590 @ 7.0% cap · market cap 6.25%
Second Best
Apartment 5plus
$1.31M
$1.15M – $1.53M
NOI $92,045 @ 7.0% cap · market cap 5.45%
Theoretical Best
Specialty Retail
$2.50M
$2.18M – $2.91M
NOI $174,749 @ 7.0% cap · market cap 10.35%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Current Use
Lease Details
2
Residential units
Yes
Paved road access
Location Intelligence
Trade Area within ½ mile
6,197
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
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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?
Duplex - Two residential units share a townhouse with a finished recreation level and access to a private garden.
Where is this duplex located?
The property is located at 76 Rogers Avenue Brooklyn, NY.
What is the asking price?
The asking price for this property is $1,689,000.
What are key features of this property?
This property features: 3,015‑square‑foot, two‑family townhouse built in 1915; Four bedrooms and three full baths; 875‑square‑foot garden with western exposure
