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$1,083,500
List price: $1,100,000
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1115 Rogers Avenue
Townhouse in Flatbush • 
building info
studio
Buy with Yoreevo

$1,083,500

List price

$1,100,000

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Key Details
Days on market
228
Last price change
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Estimated payment
$7,264
Taxes
$0
Monthly maintenance
N/A
Description
We are pleased to offer for sale 1115 Rogers Avenue. The property is a Mixed-Use Building located in the East Flatbush neighborhood on Rogers Avenue, between Clarendon Road and Avenue D. The building consists of Two Residential Units, both 3 bedroom apartments located on the second and third floors and One Retail Storefront on the First Floor. Both apartments are occupied and the storefront is currently rented to a restaurant.This 3 story Brick Building's Dimensions are 20 X 50ft for a total square feet of 3000 sq.ft. The Lot Dimensions are 20X102.5ft for a total Lot Size of 2050 sq.ft. The Zoning in the area is R6, which allows a Residential FAR of 2.43 or 4982 sq.ft on the lot. As Built, there is 1982 sq.ft Unused FAR which presents an opportunity for an Investor or Developer to fully expand the building, to its Highest and Best Use. Facility FAR is 4.8 or 9840 sq.ft on the lot.The Property has great subway access with the 2 and 5 trains only four blocks away, at the Beverley Road and Nostrand Ave stop, providing an easy commute to Downtown Brooklyn and Manhattan. Neighborhood attractions include the newly renovated Kings Theatre which is just a few blocks away and Flatbush Avenue which is the main commercial corridor for the area.The neighborhood has been experiencing a huge development uptick over the last 5 years, due to the R6 Zoning of the area. There are currently 6 to 7 major development projects within a 3 to 4 block radius of 1115 Rogers Avenue.

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History
What it'll cost
Purchase price
$1,100,000
Asking Price: $1,100,000
Term
30 Years
Down Payment
$110,000 (10%)
Min: 10% (110,000)
Rate
8.0 %
Mortgage Amount
$990,000
Mortgage Payment
$7,264
Taxes
$0
Estimated Yoreevo rebate
$16,500
Estimated closing cost
$41,000
Total monthly cost $7,264
Buy your dream home with us and get an estimated
$16,500 rebate.
Rebates vary by sale price, market and are subject to a minimum commission.
Courtesy of Douglas Elliman

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