220 Rogers AveBrooklyn, NY 11225

Property Details for 220 Rogers Ave

Year built

1930

Lot size

0.03 AC

Property size (Sq ft)

3,690 SF

Zone code

R6

Property type

Residential income homes

Property subtype

Serviced apartments

APN

01274-0042

APU

12740042

Description

This exceptional 1,000 square foot office space is ideally situated at 220 Rogers Avenue in the heart of Crown Heights, Brooklyn, New York (zip code 11225). Currently operating as a successful deli and grocery store, this property presents a unique investment opportunity. The asking price is $220,000. The building's location offers excellent visibility and accessibility, benefiting from high foot traffic in a thriving commercial area. The existing business enjoys a strong lease term, ensuring a stable income stream for the new owner. This property is perfect for an owner-operator looking to continue the existing business or for an investor seeking a strong return on investment in a prime Brooklyn location. The property's address is precisely 220 Rogers Avenue, Brooklyn, NY 11225, with coordinates 40.6683818 latitude and -73.9536059 longitude. The county is listed as 36047. The property type is classified as an office space. This presents a rare chance to acquire a well-established business with significant growth potential in a highly desirable neighborhood. The strong lease terms and excellent location make this a compelling investment opportunity. Serious inquiries are encouraged.

• CAP approach

  CAP return

  Valuation

  6%

  $846,007

  6.5%

  $780,930

  7%

  $725,149

• Comparable approach

  Method

  Valuation

  Relative Method

  $564,098

  Geo Method

  $564,098

• Alternative Use

  Use

  Valuation

  Industrial / Distribution

  $1,256,520

  Retail / Commercial

  $644,336

  Mixed-Use / Specialty

  $642,038

  Hospitality / Lodging

  $471,043

  Office

  $638,224

  Institutional / Educational

  $667,461

  Multifamily

  $936,605

  Automotive / Energy

  $572,110

  Parking / Income-Based Land

  $197,428

  Restaurant / Food Service

  $333,929

  Healthcare / Senior Housing

  $658,398

Location Insight

City

Brooklyn

County

Kings

State

New York

Latitude

40.6684

Longitude

-73.9536

CBSA code

35620

CBSA name

NEW YORK-NORTHERN NEW JERSEY-LONG ISLAND, NY-NJ-PA METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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