Description

Prime investment opportunity on Rogers Avenue and Avenue D in Brooklyn—well-maintained, solid brick, three-story corner semi-attached property featuring a fully vacant legal 10-family building plus two retail storefronts. The property includes seven one-bedroom units and three two-bedroom units, each with a living room and eat-in kitchen, along with two vacant storefronts of approximately 1,300 sq. ft. each. A full basement and a new gas boiler add to its appeal. The building measures 26.83 ft. x 102.5 ft. and qualifies for an Opportunity Zone designation, offering excellent tax advantages. With conservative rent projections—$2,000/month for one-bedrooms, $2,300/month for two-bedrooms, and $3,000/month per store—the property can generate a gross annual income of $322,800 against projected expenses of $29,325, yielding a net income of $293,475 and an estimated 8% cap rate. Located in a high-traffic area with wraparound signage, this R6-zoned property presents significant upside for long-term investors, developers seeking condominium conversion (condos currently sell for $845 per sq. ft.), or affordable housing opportunities. Sold as-is and co-listed with “Venus” Siu Yee Shum, this exclusive BRP listing is just steps from trains, shopping, restaurants, and bus stops, ensuring both strong visibility and consistent demand. Also known as 2702–2708 Avenue D and 2710–2712 Avenue D.