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    956 Rogers Ave Brooklyn, NY 11226

    Sponsored
    For Sale
    $1,250,000

    Prime Brooklyn investment, 3 units, high ROI.

    Property size:
    2,430 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    392
    This exceptional three-story, three-unit apartment building at 956 Rogers Avenue in Brooklyn, New York, presents a compelling investment opportunity. The property boasts a total of 2,430 square feet on a 900 square foot lot, zoned R6 (2.43). The asking price is $1,250,000, translating to $514.40 per square foot and $416,667 per unit. The building features a two-bedroom apartment on the first floor with access to the backyard and basement, a two-bedroom floor-through apartment on the second floor, and a renovated, vacant two-bedroom floor-through apartment on the third floor. All units include full kitchens and bathrooms and are individually metered for gas and electric

    Property Features for 956 Rogers Ave

    General Information

    Property type
    Multifamily properties
    Square Feet
    2,430 SF

    Building Details

    Buildings
    1
    Stories
    3
    Units
    3

    HighLights

    • Prime investment opportunity in a free‑market location with potential value‑add through unit renovations and individual utility upgrades.
    • Flexible use potential: First floor can be converted to commercial space; second floor offers residential or commercial options; third floor can be subdivided into two studios.
    • Excellent user opportunity: First floor and basement can be combined for a duplex; upper floors provide rental income.
    • Desirable location with high foot traffic, nearby retail, supermarkets, restaurants, and convenient public transportation (B49 bus, 2 & 5 trains).
    • Legal Note: Second floor currently occupied by previous owner (ongoing legal dispute); first floor tenant vacating; third floor vacant.
    Property Profile Location Intelligence

    Current Use by Public Records

    Commercial real estate

    Suggested Use

    Law Firm Restaurant Realty agency Spa & Massage Dental Office Hair Salon Clothing Store Nail Salon Food Market Gym & Fitness

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Brooklyn
    County
    Kings
    State
    New York
    Longitude
    -73.952306
    Latitude
    40.6469482

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    FAQs

    What type of property is this?
    Multifamily property - Prime Brooklyn investment, 3 units, high ROI.
    Where is this multifamily property 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: Prime investment opportunity in a free-market location with potential value-add through unit renovations and individual utility upgrades.; Flexible use potential: First floor can be converted to commercial space; second floor offers residential or commercial options; third floor can be subdivided into two studios.; Excellent user opportunity: First floor and basement can be combined for a duplex; upper floors provide rental income.
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    Brooklyn, NY 11226
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    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    956 Rogers Ave Brooklyn, NY 11226
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