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728A Rogers Avenue, Flatbush, Brooklyn, NY 11226 Mendy Realty Inc. is proud to present 728A Rogers Avenue, a turn-key, 7-unit multifamily investment opportunity in the heart of Flatbush, Brooklyn. Built in 2011, this property is a rare find, featuring a 100% free-market unit mix in a modern, stabilized asset. It is an ideal fit for 1031 exchange buyers or investors seeking high-yield, low-maintenance residential real estate with no rent-regulation restrictions. The property currently benefits from an active 421-a Tax Abatement, providing a significant shield against operating expenses and boosting the net bottom line. With modern finishes, spacious layouts (including two duplex units), and a prime location just blocks from Prospect Park, the building stays consistently occupied with high-quality tenancy. Investment Summary: Asking Price: $2,650,000 Asset Status: 100% Free Market (No Rent Stabilization) Total Bedrooms: 9 Total Bathrooms: 8 In-Place NOI: $153,413 Cap Rate: 5.79% Total Gross Annual Income: $195,560 Total Annual Expenses: Approximately $42,147 Tax Benefits: Active 421-a Tax Abatement Property Features: Construction Year: 2011 (Modern Walk-up) Building Size: Approximately 6,009 SF Unit Mix: 7 Total Units Unit 1A: 3-Bedroom / 2-Bathroom Duplex Units 2A, 2B, 3A, 3B, 4A: Five 1-Bedroom / 1-Bathroom Units Unit 4B: 1-Bedroom / 1-Bathroom Duplex Zoning: R7-1 Tax Class: 2B Location & Connectivity: Transit: 2-minute walk to the Winthrop St (2/5) subway station. Green Space: 3 blocks from Prospect Park. Nearby Hubs: Immediate proximity to SUNY Downstate Medical Center and Kings County Hospital, ensuring steady professional rental demand. Neighborhood: Located in the direct path of development moving south from Crown Heights, surrounded by several newly completed luxury developments. Contact Exclusive Broker: Mendy Lipsker Broker of Record, Mendy Realty Inc
728A Rogers Ave UNIT 7 Brooklyn, NY 11226
