147 Rogers Ave Brooklyn, NY 11216

This exceptional eight-unit apartment building, located at 147 Rogers Avenue in Brooklyn's desirable Crown Heights neighborhood (zip code 11216), presents a compelling investment opportunity. The property boasts 7,200 square feet and is situated on a lot in Kings County, New York. Built in 1910, this four-story structure is zoned R6A, C2-4, offering potential for future development or expansion. Currently generating a strong net operating income (NOI) of $239,580, the property commands a 6.60% capitalization rate, making it an attractive addition to any portfolio. The asking price is $3,630,000, translating to $504 per square foot and $453,750 per unit. This represents a solid return on investment in a thriving Brooklyn location. The building's solid construction and established tenancy provide immediate cash flow and long-term stability. The property's location within Crown Heights offers easy access to public transportation, local amenities, and a vibrant community. This is a rare opportunity to acquire a well-maintained multifamily property in a highly sought-after area of Brooklyn. The financial details are compelling, offering a strong current yield and significant potential for future appreciation. Serious inquiries are encouraged.