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Brooklyn, NY, 11226 • Prospect Lefferts Gardens • Kings County
$591/sqft
Down payment assistance available
8Beds
5Baths
3,300Sqft
1910Built
Character Home
Built 1910 · 116 years of history
Prospect Lefferts Gardens
Prospect Lefferts Gardens
1d on Market
Listed Apr 13, 2026
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1 day on market
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$591/sqft
Price per square foot
Single Family · Built 1910 · Historic
The Yarmush Group is excited to bring 637 Rogers Avenue to market. The property consists of a 3 story brick building with 2 floor through apartments over a vacant retail space built out as a restaurant. The building has been renovated to the studs and is in immaculate condition. The apartments are getting great rents and the retail is vacant allowing the buyer to either use it or lease it to a tenant of their choice. Here are the highlights of this deal: *Renovated apartments achieving healthy rents *Vacant restaurant space allowing a user to occupy or investor to chose their tenant *2 Blocks away from the B/Q train Station and 1 Block from the 2/5 train station getting your tenants into the city in under a half hour. *Well located in Prospect Lefferts Gardens, blocks from SUNY Downstate that is undergoing a $1Billion expansion, blocks from Prospect Park, thousands of luxury apartments recently built and under construction and lots of trendy bars, cafes and shops *The property taxes are $10,339 annually and is in tax class protected, tax class 1 which has the best cap on what the increases can be year over year. (6% per year or 20% over 5 years). *Once retail is leased up at roughly $6,000 monthly. The Net Income will be $140,404 which will provide a 7.2% Cap Rate in Place
Standout features identified
Our analysis highlights vacant restaurant space and renovated apartments as key attractions of this home.
Based on current rates
Est. 6.87% rate · 30yr fixed · $1,560,000 loan
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3 schools rated nearby
Brooklyn, NY, 11226
5 events
11 years of records
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Brooklyn, NY • Kings County
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