Three-Story Three-Unit
For Sale
Contact for pricing
956 Rogers Ave, Brooklyn, NY 11226
Three-story, three-unit building with separately metered apartments.
Property Size2,430 SF
Price / SF$514.40
Days on Market1275
Property Features for 956 Rogers Ave
General Information
Standard status
Active
Size
2,430 SF
Property subtype
Multifamily
Zoning
R6 (2.43)
Building Details
Buildings
1
Stories
3
Units
3
Listing Agency:
Brown Harris Stevens
Listed By:
Kervin Vales · License #109918089
(212) 396-8244
Source:
Crexi
Added: Apr 13, 2023
Changed: Sep 25
Last Checked: Oct 7 at 11:46AM
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 Brown Harris Stevens
Investment Insights
Based on property information with market context.
This is a three-story building containing three units. The first floor features a two-bedroom apartment with access to the backyard and basement. The second floor contains a two-bedroom floor-through apartment. The third floor offers a renovated, vacant two-bedroom floor-through apartment. Each unit includes a full kitchen and full bathroom. The units are individually metered for gas and electric. The meters, along with the gas boiler and water heater, are located in the basement. The property size is 2430 square feet.
Key Highlights
- Three‑unit building, offering potential rental income.
- Renovated third‑floor unit is vacant, ready for immediate occupancy or rental.**
- First‑floor unit includes access to both the backyard and basement.
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$61,597
Cap Rate
4.93%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,231,940
$1.2M
Cap Rate 7%
$879,957
$880.0K
Cap Rate 9%
$684,411
$684.4K
Market Conditions
NOI Build-Up for 2,430 SF
Gross rent
$91.9K $37.80/SF
− Vacancy
−$3.9K −$1.59/SF
EGI
$88.0K $36.21/SF
− OpEx
−$26.4K −$10.86/SF
NOI
$61.6K $25.35/SF
Area
ZIP 11226
Vacancy
4.20%
Lease Rate
$37.80 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,231,940
Cap Rate 7%
$879,957
Cap Rate 9%
$684,411
Alternative Uses
Best Use
Multifamily LT 5
$880.0K
$770.0K – $1.03M
NOI $61,597 @ 7.0% cap · market cap 4.93%
Second Best
Apartment 5plus
$813.8K
$712.1K – $949.5K
NOI $56,967 @ 7.0% cap · market cap 4.56%
Theoretical Best
Office A
$1.20M
$1.05M – $1.40M
NOI $84,074 @ 7.0% cap · market cap 6.73%
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
6,287
Businesses Nearby
Explore this area
Business Placement
Demographics for 11226, NY
101,727
Population
42,618
Households
2.4
Avg Household Size
37
Median Age
36%
College-Educated
86%
High-School Grad
1.3 sq mi
ZIP Area
78,252
Density / Sq Mi
$81,084
Median Household Income
$49,892
Median Earnings
$1,751
Median Rent
$866,300
Median Home Value
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics
Market
Vacancy Rate% for Multifamily in Northeast region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Triplex - Three-story, three-unit building with separately metered apartments.
Where is this triplex located?
The property is located at 956 Rogers Ave Brooklyn, NY.
What is the asking price?
The asking price for this property is $1,250,000.
What are key features of this property?
This property features: Three‑unit building, offering potential rental income.; Renovated third‑floor unit is vacant, ready for immediate occupancy or rental.**; First‑floor unit includes access to both the backyard and basement.
