Free-Market Mixed-Use Building

593 Rogers Ave Brooklyn , NY 11225

593 Rogers Ave , Brooklyn , NY, 11225
593 Rogers Ave , Brooklyn , NY, 11225 593 Rogers Ave , Brooklyn , NY, 11225 593 Rogers Ave , Brooklyn , NY, 11225 593 Rogers Ave , Brooklyn , NY, 11225 593 Rogers Ave , Brooklyn , NY, 11225
Property Type:
Mixed Use
Cap Rate:
Last Verified:
Aug 14, 2023

• 12-Unit Mixed-Use Building in Prospect Lefferts Gardens, Brooklyn, NY • Comprised of (1) Commercial Space and (11) Residential Units • The Units are a Mix of (5) Studio Apartments, (6) 1-Bed, 1-Bath Apartments, & (1) Commercial Space • All Residential Units are Free Market • Potential for Strong Rental Growth • Building was Entirely Rebuilt in 2008 • Utilities are Separately Metered - Landlord Only Pays Common Area Electric • On-Site Laundry Facility • Prime Location Within Prospect Lefferts Gardens • Walking Distance to Prospect Park, the 2 & 5 Subway Stations, and the B49 Bus Line Stops Directly in Front of the Property • Close to Major Hospitals and Medical Centers • C of O states 10 Residential Units and 2 Retail Stores • Favorable Seller-Financing Available

Map of 593 Rogers Ave , Brooklyn , NY, 11225

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What are Real Estate Incentives?

Real Estate incentives range widely and have been overlooked by the Commercial Multiple Listing Services (MLS) for decades. Real estate incentives is a generic term used to group any number of programs, such as tax incentives, that are designated by an agency for a geographic area."

Why are Real Estate Incentives Important and to Whom?

"Incentives" are vital today and in the future because:

  • U.S. Public: Many incentives focus on job creation and Affordable Housing
  • Investors and Commercial Developers use incentives to reduce financial risk, obtain gap financing, etc. Investors and developers look for property listings with incentives available.
  • Commercial Real Estate Brokers, in mass, unfortunately do not know about incentives tied to their listings
  • Entire Supply Chain of Real Estate Development such as small and large companies who will provide goods and services to new and revitalized properties.