469 Rogers Avenue
469 Rogers Avenue Prospect Lefferts Gardens, Brooklyn, NY MIXED-USE BUILDING 2 Residential Units Over Ground Floor Retail – 3,900 SF FOR SALE Building Features Location
East side of Rogers Avenue between Lincoln Road and Maple Street.
Block & Lot Zoning FAR Lot Size Lot SF Building Dimensions Upper Floors Dimensions Stories Building SF Residential Units Commercial Units Total Units Buildable SF Additional Air Rights Assessment ('15/'16) Taxes ('15/'16)
5030 / 3 R6 / C2-3 3.0 20' x 85' 1,700 20' x 85' 20' x 55' 3 3,900 2 1 3 5,100 1,200 $23,444 $4,584
Projected Expenses
Property Description The subject property is a three-story mixed-use building with two residential units over one ground floor retail unit – it is located on the east side of Rogers Avenue between Lincoln Road and Maple Street, in Prospect Lefferts Gardens, Brooklyn. Multiple transportation options are available within a three blocks radius, with the 2 5 trains at Sterling Avenue Station and the B Q S trains at Prospect Park Station, offering convenient access to Downtown Brooklyn and Manhattan within 20 minutes. The property also benefits from close proximity to Prospect Park, Brooklyn Botanic Gardens, Brooklyn Museum, Prospect Park Zoo, and Grand Army Plaza. For More Information, Please Contact:
(Wide Street) (Approx.) (Approx.) (Approx.) (Approx.) (Approx.)
(Approx.) (Approx.)
C & W Metrics
NYC Dept. of Fin. Real Estate Taxes ('15/'16) Water / Sewer $1.00 / RSF Insurance $500 / Unit Fuel $1.25 / RSF Electric (Common) $0.25 / RSF Maintenance & Repairs $450 / Unit Superintendent $250 / Month Management 4% of EGI Total Effective Gross Income Less Estimated Expenses Exp. Ratio: 21% Projected Net Operating Income
$4,584 $2,200 $1,500 $2,750 $550 $1,350 $3,000 $3,841 $19,775 $96,030 $19,775 $76,255
ASKING PRICE
Michael Amirkhanian, Executive Director (718) 606-7073 [email protected]
Robert Moore, Director (718) 606-7046 [email protected]
DJ Johnston, Associate Director (718) 307-6515 [email protected]
William Cheng, Associate Director (718) 606-7037 [email protected]
Bryan Kirk, Associate (718) 307-6516 [email protected]
Joshua Sabzevari, Associate (718) 307-6521 [email protected]
$1,450,000
CUSHMAN & WAKEFIELD 205 Montague Street, 3rd Floor, Brooklyn, NY 11201 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.
469 Rogers Avenue Prospect Lefferts Gardens, Brooklyn, NY Projected Revenue Unit Ground Floor + Cellar Second Floor Third Floor Total / Average Vacancy & Credit Loss @ 3% Effective Gross Income
Type Retail 2 BR 2 BR
Size 1,496 968 968 3,432
$ / SF $26 $31 $31 $29
Rent / Mo. $3,250 $2,500 $2,500 $8,250 $248 $8,003
Annual Rent $39,000 $30,000 $30,000 $99,000 $2,970 $96,030
Subject Property
2 5
B Q S
2 5
Q
ASKING PRICE: $1,450,000
CUSHMAN & WAKEFIELD 205 Montague Street, 3rd Floor, Brooklyn, NY 11201 nyinvestmentsales.com
For More Information, Please Contact:
Michael Amirkhanian, Executive Director (718) 606-7073 [email protected]
Robert Moore, Director (718) 606-7046 [email protected]
DJ Johnston, Associate Director (718) 307-6515 [email protected]
William Cheng, Associate Director (718) 606-7037 [email protected]
Bryan Kirk, Associate (718) 307-6516 [email protected]
Joshua Sabzevari, Associate (718) 307-6521 [email protected]
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.
East side of Rogers Avenue between Lincoln Road and Maple Street.
Block & Lot Zoning FAR Lot Size Lot SF Building Dimensions Upper Floors Dimensions Stories Building SF Residential Units Commercial Units Total Units Buildable SF Additional Air Rights Assessment ('15/'16) Taxes ('15/'16)
5030 / 3 R6 / C2-3 3.0 20' x 85' 1,700 20' x 85' 20' x 55' 3 3,900 2 1 3 5,100 1,200 $23,444 $4,584
Projected Expenses
Property Description The subject property is a three-story mixed-use building with two residential units over one ground floor retail unit – it is located on the east side of Rogers Avenue between Lincoln Road and Maple Street, in Prospect Lefferts Gardens, Brooklyn. Multiple transportation options are available within a three blocks radius, with the 2 5 trains at Sterling Avenue Station and the B Q S trains at Prospect Park Station, offering convenient access to Downtown Brooklyn and Manhattan within 20 minutes. The property also benefits from close proximity to Prospect Park, Brooklyn Botanic Gardens, Brooklyn Museum, Prospect Park Zoo, and Grand Army Plaza. For More Information, Please Contact:
(Wide Street) (Approx.) (Approx.) (Approx.) (Approx.) (Approx.)
(Approx.) (Approx.)
C & W Metrics
NYC Dept. of Fin. Real Estate Taxes ('15/'16) Water / Sewer $1.00 / RSF Insurance $500 / Unit Fuel $1.25 / RSF Electric (Common) $0.25 / RSF Maintenance & Repairs $450 / Unit Superintendent $250 / Month Management 4% of EGI Total Effective Gross Income Less Estimated Expenses Exp. Ratio: 21% Projected Net Operating Income
$4,584 $2,200 $1,500 $2,750 $550 $1,350 $3,000 $3,841 $19,775 $96,030 $19,775 $76,255
ASKING PRICE
Michael Amirkhanian, Executive Director (718) 606-7073 [email protected]
Robert Moore, Director (718) 606-7046 [email protected]
DJ Johnston, Associate Director (718) 307-6515 [email protected]
William Cheng, Associate Director (718) 606-7037 [email protected]
Bryan Kirk, Associate (718) 307-6516 [email protected]
Joshua Sabzevari, Associate (718) 307-6521 [email protected]
$1,450,000
CUSHMAN & WAKEFIELD 205 Montague Street, 3rd Floor, Brooklyn, NY 11201 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.
469 Rogers Avenue Prospect Lefferts Gardens, Brooklyn, NY Projected Revenue Unit Ground Floor + Cellar Second Floor Third Floor Total / Average Vacancy & Credit Loss @ 3% Effective Gross Income
Type Retail 2 BR 2 BR
Size 1,496 968 968 3,432
$ / SF $26 $31 $31 $29
Rent / Mo. $3,250 $2,500 $2,500 $8,250 $248 $8,003
Annual Rent $39,000 $30,000 $30,000 $99,000 $2,970 $96,030
Subject Property
2 5
B Q S
2 5
Q
ASKING PRICE: $1,450,000
CUSHMAN & WAKEFIELD 205 Montague Street, 3rd Floor, Brooklyn, NY 11201 nyinvestmentsales.com
For More Information, Please Contact:
Michael Amirkhanian, Executive Director (718) 606-7073 [email protected]
Robert Moore, Director (718) 606-7046 [email protected]
DJ Johnston, Associate Director (718) 307-6515 [email protected]
William Cheng, Associate Director (718) 606-7037 [email protected]
Bryan Kirk, Associate (718) 307-6516 [email protected]
Joshua Sabzevari, Associate (718) 307-6521 [email protected]
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.
