Three Contiguous Mixed-Use Buildings

784,786 & 788 Rogers Avenue

Prospect Lefferts Gardens/Flatbush

$4,000,000

Cross Streets Martense St & Linden Blvd
Lot SF 4,676
Gross Building SF 8,320
Total Units 9
Subways
b
q
2
5
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Mixed-Use 784,786 & 788 Rogers Avenue, Prospect Lefferts Gardens/Flatbush
Matthew Cosentino
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Details

Residential Units 6
Retail Units 3
Stories 3
Available Air Rights 5,709

Overview

TerraCRG has been exclusively retained in the sale of 784, 786 & 788 Rogers Avenue, three contiguous, free- market and gut-renovated mixed-use buildings located on the Prospect Lefferts Gardens/Flatbush border.

These three-story buildings total 8,320 SF, with six fully- occupied, recently gut-renovated free market residential units. The floor-through apartments consist of spacious two-to-three-bedroom units with private in-unit laundry and split A/C units. On the ground floor, there are three fully-occupied retail spaces totaling 3,520 SF.

This property has an in-place gross income of about $298,000 and has as net operating income of $244,986, which equates to a 6.1% Cap Rate.

 

Attractions

Situated just two blocks away from the 2 and 5 trains at the Church Avenue station, this property has convenient subway access, providing an easy commute to Downtown Brooklyn and Lower Manhattan. Major attractions in proximity to 784, 786 & 788 Rogers Avenue include Prospect Park, Crunch, Planet Fitness, and the newly renovated Kings Theatre. The property is also surrounded by major retail corridors, enabling quick access to restaurants, caf├ęs, national tenants and boutique shops.

Prospect Park
Kings Theatre
The Rogers Garden
Crunch Fitness

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