728A Rogers Avenue, Flatbush, Brooklyn, NY 11226
Mendy Realty Inc. is proud to present 728A Rogers Avenue, a turn-key, 7-unit multifamily investment opportunity in the heart of Flatbush, Brooklyn. Built in 2011, this property is a rare find, featuring a highly desirable unit mix in a modern, stabilized asset. It is an ideal fit for 1031 exchange buyers or investors seeking high-yield, low-maintenance residential real estate with no rent-regulation restrictions.
The property currently benefits from an active 421-a Tax Abatement, providing a significant shield against operating expenses and boosting the net bottom line. With modern finishes, spacious layouts (including two duplex units), and a prime location just blocks from Prospect Park, the building stays consistently occupied with high-quality tenancy.
Investment Summary
Asking Price: $2,550,000
Asset Status: No Rent Stabilization
Total Bedrooms: 9
Total Bathrooms: 8
In-Place NOI: $153,413
Cap Rate: 5.79%
Total Gross Annual Income: $195,560
Total Annual Expenses: Approximately $42,147
Tax Benefits: Active 421-a Tax Abatement
Property Features
Construction Year: 2011 (Modern Walk-up)
Building Size: Approximately 6,009 SF
Unit Mix: 7 Total Units (One 3-Bed/2-Bath duplex, five 1-Bed/1-Bath units, and one 1-Bed/1-Bath duplex)
Zoning: R7-1
Tax Class: 2B
Location & Connectivity
Transit: 2-minute walk to the Winthrop St (2/5) subway station.
Green Space: 3 blocks from Prospect Park.
Nearby Hubs: Immediate proximity to SUNY Downstate Medical Center and Kings County Hospital, ensuring steady professional rental demand.
Neighborhood: Located in the direct path of development moving south from Crown Heights, surrounded by several newly completed luxury developments.
Contact Exclusive Broker: Mendy Lipsker, Broker of Record, Mendy Realty Inc.
All calculations are estimates and provided by Zillow, Inc. for informational purposes only. Actual amounts may vary.
HOA fees may include property taxes on listings classified as Co-Ops. Contact the listing agent and/or owner for fee details.
Mortgage interest rates are dependent on a number of factors, including credit score, down payment, and repayment length. Interest rate data provided by Zillow Group Marketplace, Inc. as of 1/1/1970 from various mortgage lenders with which we have lead or other similar arrangements; the Estimated Payment is an average of those rates.
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