625 Rogers Avenue, #Retail Condo — Sale in Brooklyn, NY

  • Price: Contact for price
  • Listing type: For sale
  • Asset type: Retail Business
  • Location: Brooklyn, NY 11225

Photos

625 Rogers Avenue, #Retail Condo — Sale in Brooklyn, NY, photo 1 of 2
625 Rogers Avenue, #Retail Condo — Sale in Brooklyn, NY, photo 2 of 2

Description

The subject offering is 625 Rogers Avenue #C1, a 2,100-square-foot commercial condominium located in the Prospect Lefferts Gardens neighborhood of Brooklyn, New York. The property is positioned along Rogers Avenue between Clarkson Avenue and Parkside Avenue and is located at the base of a recently constructed 20-unit luxury condominium building. The space is currently built out for daycare and educational use, providing a turnkey opportunity for compatible operators while offering investors flexibility for other permitted commercial uses under its Use Group 6 designation. The commercial condominium is part of an approximately 37,432 square foot building and is situated within an R6/C2-3 zoning district. Moreover, the property benefits from a significant ICAP tax benefit, resulting in an annual real estate tax bill of approximately $7,761 ($67,877 w/o Abatement) and providing an attractive expense profile for investors or owner-users. The modern construction and existing daycare /education buildout further distinguish the space from older commercial inventory throughout the surrounding neighborhood. Investment Highlights: • 2,100 SF new-construction retail condo located at the base of a 20-unit boutique condominium on Rogers Avenue in Prospect Lefferts Gardens in Brooklyn. • Currently built out as a daycare/educational center. The unit has Use Group 6 designation, which allows for all retail and commercial uses. The unit will be delivered vacant at closing. • Significant ICAP Tax Abatement with annual real estate taxes of approximately $7,761. Located in the heart of residential are with thousands of housing units within a few blocks.

Market Context

This retail in Brooklyn, NY is listed for sale. Compare it against other retail listings for sale in Brooklyn, NY — view the full market.

Estimated Price per SF

$164.26/SF – $1,195/SF

Mid: $497.75/SF

About 8 in 10 recent recorded sales fell within a range this wide around the estimate. An automated estimate, not an appraisal.

Contact

  • Scott Plasky
  • Chase Friedman
  • Alex Arustamian

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