1151 Rogers Avenue
1151 Rogers Avenue | Flatbush, Brooklyn DELIVERED FULLY VACANT Mixed Use - 2 Residential Units & 1 Retail Unit FOR SALE
Property Information Location
East side of Rogers Avenue btwn Clarendon Road & Avenue D
Block / Lot
5193 / 62
Building Dimensions
20' x 54'
Stories
3
Building Sq. Ft.
3,240
Total Units
3
Retail Units
1
Residential Units
2
Lot Dimensions
20' x 102.5'
(Approx.)
Lot Sq. Ft.
2,050
(Approx.)
Zoning
R6
FAR
3
Buildable SF
6,150
(Approx.)
Additional Air Rights
2,910
(Approx.)
Assessment ('15/'16)
$22,990
Taxes ('15/'16)
$4,495
Projected Expenses
(Approx.)
(Approx.)
C&W Metrics
Expense
NYC Dept. of Fin.
$4,495
Water / Sewer
$1.00 / RSF
$2,160
Property Description
Insurance
$500 / Unit
$1,500
The subject property is a mixed use building with two residential units and one retail unit, all of which can be delivered vacant at closing. The property is located in Flatbush, Brooklyn, just 4-5 blocks from the 2 & 5 trains at Newkirk Avenue, providing convenient access to Downtown Brooklyn & Lower Manhattan within 25 minutes.
Fuel
$1.25 / RSF
$2,700
Common Electric
$0.20 / RSF
$432
Repairs & Maintenance
$450 / Unit
$1,350
Superintendant
$250 / Month
$3,000
Management
4.0% of EGI
$3,360
Real Estate Taxes
Total
$18,997
Asking Price
Projected Income (See Next Page)
$84,000
$1,150,000 Reduced To: $1,075,000
Less Projected Expenses
$18,997
Projected Net Operating Income
$65,003
For More Information, Please Contact:
Robert Moore Director (718) 606-7046 [email protected]
Aaron Warkov Senior Director (718) 307-6551 [email protected]
Adam Ecker Associate Director (718) 606-7049 [email protected]
Daniel Arnel Senior Associate (718) 606-7077 [email protected]
Cushman & Wakefield 1 Pierrepont Plaza, Floor 9, Suite 2, NY 11201 | Phone: +1 718 238 8999 | www.nyinvestmentsales.com Cushman & Wakefield Copyright 2015. No warranty or representation, express or implied, is made to the accuracy or completeness of the information contained herein, and same is submitted subject to errors, omissions, change of price, rental or other conditions, withdrawal without notice, and to any special listing conditions imposed by the property owner(s). As applicable, we make no representation as to the condition of the property (or properties) in question.
1151 Rogers Avenue | Flatbush, Brooklyn Projected Income*
SF
Bedrooms
$ / SF
$ / Mo.
$ / Yr.
Ground Floor Retail*
1,080
--
$33
$3,000
$36,000
Residential 1 *
1,080
3
$22
$2,000
$24,000
Residential 2 *
1,080
3
$22
$2,000
$24,000
Total
3,240
$26
$7,000
$84,000
* After renovation
1151 Rogers Avenue
For More Information, Please Contact:
Robert Moore Director (718) 606-7046 [email protected]
Aaron Warkov Senior Director (718) 307-6551 [email protected]
Adam Ecker Associate Director (718) 606-7049 [email protected]
Daniel Arnel Senior Associate (718) 606-7077 [email protected]
Cushman & Wakefield 1 Pierrepont Plaza, Floor 9, Suite 2, NY 11201 | Phone: +1 718 238 8999 | www.nyinvestmentsales.com Cushman & Wakefield Copyright 2015. No warranty or representation, express or implied, is made to the accuracy or completeness of the information contained herein, and same is submitted subject to errors, omissions, change of price, rental or other conditions, withdrawal without notice, and to any special listing conditions imposed by the property owner(s). As applicable, we make no representation as to the condition of the property (or properties) in question.
Property Information Location
East side of Rogers Avenue btwn Clarendon Road & Avenue D
Block / Lot
5193 / 62
Building Dimensions
20' x 54'
Stories
3
Building Sq. Ft.
3,240
Total Units
3
Retail Units
1
Residential Units
2
Lot Dimensions
20' x 102.5'
(Approx.)
Lot Sq. Ft.
2,050
(Approx.)
Zoning
R6
FAR
3
Buildable SF
6,150
(Approx.)
Additional Air Rights
2,910
(Approx.)
Assessment ('15/'16)
$22,990
Taxes ('15/'16)
$4,495
Projected Expenses
(Approx.)
(Approx.)
C&W Metrics
Expense
NYC Dept. of Fin.
$4,495
Water / Sewer
$1.00 / RSF
$2,160
Property Description
Insurance
$500 / Unit
$1,500
The subject property is a mixed use building with two residential units and one retail unit, all of which can be delivered vacant at closing. The property is located in Flatbush, Brooklyn, just 4-5 blocks from the 2 & 5 trains at Newkirk Avenue, providing convenient access to Downtown Brooklyn & Lower Manhattan within 25 minutes.
Fuel
$1.25 / RSF
$2,700
Common Electric
$0.20 / RSF
$432
Repairs & Maintenance
$450 / Unit
$1,350
Superintendant
$250 / Month
$3,000
Management
4.0% of EGI
$3,360
Real Estate Taxes
Total
$18,997
Asking Price
Projected Income (See Next Page)
$84,000
$1,150,000 Reduced To: $1,075,000
Less Projected Expenses
$18,997
Projected Net Operating Income
$65,003
For More Information, Please Contact:
Robert Moore Director (718) 606-7046 [email protected]
Aaron Warkov Senior Director (718) 307-6551 [email protected]
Adam Ecker Associate Director (718) 606-7049 [email protected]
Daniel Arnel Senior Associate (718) 606-7077 [email protected]
Cushman & Wakefield 1 Pierrepont Plaza, Floor 9, Suite 2, NY 11201 | Phone: +1 718 238 8999 | www.nyinvestmentsales.com Cushman & Wakefield Copyright 2015. No warranty or representation, express or implied, is made to the accuracy or completeness of the information contained herein, and same is submitted subject to errors, omissions, change of price, rental or other conditions, withdrawal without notice, and to any special listing conditions imposed by the property owner(s). As applicable, we make no representation as to the condition of the property (or properties) in question.
1151 Rogers Avenue | Flatbush, Brooklyn Projected Income*
SF
Bedrooms
$ / SF
$ / Mo.
$ / Yr.
Ground Floor Retail*
1,080
--
$33
$3,000
$36,000
Residential 1 *
1,080
3
$22
$2,000
$24,000
Residential 2 *
1,080
3
$22
$2,000
$24,000
Total
3,240
$26
$7,000
$84,000
* After renovation
1151 Rogers Avenue
For More Information, Please Contact:
Robert Moore Director (718) 606-7046 [email protected]
Aaron Warkov Senior Director (718) 307-6551 [email protected]
Adam Ecker Associate Director (718) 606-7049 [email protected]
Daniel Arnel Senior Associate (718) 606-7077 [email protected]
Cushman & Wakefield 1 Pierrepont Plaza, Floor 9, Suite 2, NY 11201 | Phone: +1 718 238 8999 | www.nyinvestmentsales.com Cushman & Wakefield Copyright 2015. No warranty or representation, express or implied, is made to the accuracy or completeness of the information contained herein, and same is submitted subject to errors, omissions, change of price, rental or other conditions, withdrawal without notice, and to any special listing conditions imposed by the property owner(s). As applicable, we make no representation as to the condition of the property (or properties) in question.
