1298 Rogers Ave Brooklyn, NY 11210

Property Details for 1298 Rogers Ave

Property size

3,248 SF

Property type

Commercial real estate

Description

This exceptional mixed-use property, located at 1298 Rogers Avenue in Brooklyn, NY (zip code 11210), presents a compelling investment opportunity. The fully detached, all-brick building boasts 3,248 square feet on a 52 x 59 lot (8,000 sq ft building size). Currently configured as a legal eight-family dwelling, each unit features three bedrooms, a living room, and a dining area. Two units are currently vacant. The property includes a substantial, fenced private side yard and a full finished basement with two entrances and high ceilings. Recent upgrades include a new gas burner, two new gas hot water heaters, and a complete electrical system overhaul. The property offers four parking spaces in a gated, private area. Zoned R5B, this property offers a 7% pro-forma cap rate with significant upside potential. Its prime location offers easy access to Brooklyn College, shopping, and public transportation. The property is in excellent condition, with no violations. The asking price is $2,200,000 and is offered as a 1031 exchange opportunity. This is a rare opportunity to acquire a well-maintained, high-performing multi-family property in a desirable Brooklyn neighborhood.