Asset Commercial Realty Group has been exclusively retained to market the Troy-Rogers Portfolio, which holds a total of five (5) properties with all of them spanning three (3) stories each: three (3) mixed-use and two (2) multifamily located across Crown Heights, Flatbush, and Prospect Lefferts Gardens in Brooklyn.
The Troy Rogers Portfolio | Brooklyn NY
All of the properties have recently been gut renovated with new bathrooms, new kitchens, appliances-appealing to the market residential rental pool. The Troy-Rogers Portfolio holds a total of twelve (12) free market residential units and three (3) retail units. The total building size is 18,360 SF with a collective lot size of 8,670 square feet. Each residential unit is comprised of three (3) bedrooms and one (1) bathroom and there is one (1) duplex that has three (3) bedrooms and two (2) bathrooms. The portfolio holds roughly 4,082 square feet of air rights as well, providing for additional as of right residential development to be implemented in the near future. The portfolio is also well positioned with great access to public transportation such as a couple blocks from the subway lines, buses, and highways.
Collectively, the Troy-Rogers Portfolio produces a gross income of $501,900 with a total expense of $60,366 and yields an Net Operating Income (NOI) of $441,534. The portfolio is 100% occupied.
Ownership has set the asking price at $8,410,000 which reflects a 5.25% CAP rate and $458 per square foot.
Crown Heights, Flatbush, Prospect Lefferts Gardens
|Net Operating Income||