Renovated 8-family walk-up at 1207 Rogers Avenue, Flatbush. Six 1BRs plus a 2BR with basement; unit 4A has a private terrace. 4,268 SF on a 20 x 102.5 R6 lot, built 1899, altered 2019.
THE NUMBERS - Asking: $2,200,000 (~$314K/unit, ~$515/SF)- In place: 8 units leased, Fully leased: $16,650/mo ($199,800/yr), about 11x gross- Est. cap rate fully leased: ~5.5%–6.0% (our estimate; underwrite your own)
COMPS (Flatbush walk-ups, sold last 6 months)
- 1160 Rogers Ave: $2,620,000, 8/20/26, 10 units ($262K/unit)
- 1051 New York Ave: $2,550,000, 7/13/26, 8 units ($319K/unit)
READ BEFORE OFFERING - Buyer to verify rent-stabilization status and legal rents with DHCR.- Rents provided by seller; leases and estoppels on request with POF.- Tenant-occupied. Showings by appointment only; do not contact tenants.- Sold as-is.
TERMS - Cash, hard or private money. Offers + proof of funds reviewed as received.- EMD negotiable, non-refundable.
Contact: Christian T EastCoastBuyers
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ARV $3,633,000
From the listing
The seller picked no comps. Investimate’s own value for this home is $1,860,000.
