1056 Rogers Ave 5,200 SF 100% Leased Retail Building Brooklyn, NY 11226 $3,088,426 CAD ($593.93 CAD/SF) 7.68% Cap Rate

Douglas Elliman Commercial has been exclusively retained to arrange the sale of 1056 Rogers Avenue, a fully renovated, 100% occupied mixed-use corner building in the heart of Flatbush, Brooklyn. The three-story property comprises four residential apartments over three ground-floor commercial units totaling approximately 5,200 SF, and generates $168,890 in net operating income — a 7.68% in-place cap rate at the $2,200,000 asking price ($423/SF).
The building was gut-renovated in 2023 with a new roof, new boiler, and in-unit washer/dryers in all four apartments, eliminating deferred maintenance risk. Commercial tenants reimburse water as added rent. Two of three commercial leases expire by March 2027 and the third is month-to-month, giving a buyer a near-term path to mark rents to market or accommodate an owner-user. In-place residential and commercial rents sit below prevailing Flatbush asking levels, supporting a pro-forma cap rate above 10% without speculative underwriting.
Located on a high-visibility corner along the Rogers Avenue retail corridor, four minutes on foot from the 2/5 express at Beverly Road, with Tax Class 2B protection capping annual real estate taxes at $14,328. Offers reviewed upon receipt; tours by appointment.