Turnkey Two-Family
For Sale
Contact for pricing
80 Rogers Avenue, Brooklyn, NY 11216
Gut-renovated duplex offers a flexible finished cellar, private outdoor space, and a separate lower unit for rental or guest use.
Property Size3,000 SF
Price / SF$833
Days on Market68
Property Features for 80 Rogers Avenue
General Information
Standard status
Active
Size
3,000 SF
Class
B
Property subtype
Multifamily
Zoning
17A
Additional Details
Business Included
Yes
Multifamily Units
2
Building Details
Units
2
Tenancy
Multi
Listing Agency:
Realstreet Real Estate Group
Listed By:
Sully Klein · License #NY
Source:
Crexi
Added: Jun 8
Changed: Aug 8
Last Checked: Aug 13 at 5:12PM
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 Realstreet Real Estate Group
Investment Insights
Based on property information with market context.
This meticulously gut-renovated two-family townhouse is move-in ready and thoughtfully redesigned with a warm, modern minimalist feel. The upper duplex features sun-filled living spaces with wide-plank rift-cut white oak floors, custom white oak millwork, oversized windows, and built-in closets throughout. The chef’s kitchen includes Italian marble countertops, a large center island, premium Wolf appliances, and a built-in coffee and bar station, with direct connection to a rear terrace and backyard. The finished cellar adds flexible space and is accessible directly from the owner’s unit via the main stairwell without passing through the rental apartment, and it includes its own two-piece bathroom. The upper level also includes a primary suite with a luxury-style en-suite bath, plus additional bedrooms and a full hall bathroom with a tub and a dedicated laundry closet.
The garden level provides a finished 2-bedroom, 1-bath apartment with its own private entrance. Located on a tree-lined block in Crown Heights, the property is moments from Prospect Park, the Brooklyn Museum, the Brooklyn Botanic Garden, and the shops and dining along Franklin Avenue.
This layout supports multiple living arrangements, including owner occupancy with a private garden-level rental or guest suite. The rental apartment is described as generating approximately $4,000 per month, offering an opportunity to offset monthly carrying costs while enjoying a townhouse home with private outdoor space and flexible finished basement use.
The garden level provides a finished 2-bedroom, 1-bath apartment with its own private entrance. Located on a tree-lined block in Crown Heights, the property is moments from Prospect Park, the Brooklyn Museum, the Brooklyn Botanic Garden, and the shops and dining along Franklin Avenue.
This layout supports multiple living arrangements, including owner occupancy with a private garden-level rental or guest suite. The rental apartment is described as generating approximately $4,000 per month, offering an opportunity to offset monthly carrying costs while enjoying a townhouse home with private outdoor space and flexible finished basement use.
Key Highlights
- Gut‑renovated two‑family townhouse with an upper duplex plus a finished 2‑bedroom, 1‑bath garden‑level apartment with a private entrance
- Owner’s residence features 3 bedrooms, 2 full bathrooms, and 2 half bathrooms, plus a private terrace and backyard
- Chef’s kitchen with Italian marble countertops, large center island, and premium Wolf appliances including double wall ovens and a vented hood
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
$105,065
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
4.20%
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%
$2,101,300
$2.1M
Cap Rate 7%
$1,500,929
$1.5M
Cap Rate 9%
$1,167,389
$1.2M
Market Conditions
NOI Build-Up for 3,000 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
$153.0K $51.00/SF
− Vacancy
−$2.9K −$0.97/SF
EGI
$150.1K $50.03/SF
− OpEx
−$45.0K −$15.01/SF
NOI
$105.1K $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%
$2,101,300
Cap Rate 7%
$1,500,929
Cap Rate 9%
$1,167,389
Alternative Uses
Best Use
Multifamily LT 5
$1.50M
$1.31M – $1.75M
NOI $105,065 @ 7.0% cap · market cap 4.20%
Second Best
Apartment 5plus
$1.31M
$1.14M – $1.53M
NOI $91,587 @ 7.0% cap · market cap 3.66%
Theoretical Best
Specialty Retail
$2.48M
$2.17M – $2.90M
NOI $173,880 @ 7.0% cap · market cap 6.96%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
2
Residential units
Multi-tenant
Tenancy
Turnkey business
Opportunity
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
Market
Vacancy Rate% for Multifamily in Northeast region
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
Frequently Asked Questions
What type of property is this?
Duplex - Gut-renovated duplex offers a flexible finished cellar, private outdoor space, and a separate lower unit for rental or guest use.
Where is this duplex located?
The property is located at 80 Rogers Avenue Brooklyn, NY.
What is the asking price?
The asking price for this property is $2,499,000.
What are key features of this property?
This property features: Gut‑renovated two‑family townhouse with an upper duplex plus a finished 2‑bedroom, 1‑bath garden‑level apartment with a private entrance; Owner’s residence features 3 bedrooms, 2 full bathrooms, and 2 half bathrooms, plus a private terrace and backyard; Chef’s kitchen with Italian marble countertops, large center island, and premium Wolf appliances including double wall ovens and a vented hood
