1060 Rogers Ave · New York, NY 11226

$1,695,000

48 bd · 36.0 ba · 4,800 sqft · MultiFamily · 50 Days on market

Built 1910 Fair condition 2,000 sqft lot

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Why this score? — see what drove the B grade

The composite is a weighted blend of 9 inputs, each scored 0–100. Each bar is that input's sub-score; the figure is the points it added to the 100-point composite (weight × sub-score).

• Cash flow +27.6/30.0
• DSCR +9.7/10.0
• 1% rule +7.5/10.0
• ARV discount +7.5/15.0
• Appreciation +6.4/10.0
• Schools +5.0/10.0
• Livability +3.8/5.0
• Rent growth +3.5/5.0
• Condition / age +2.2/5.0

Multi-family units

County records classify this as Multi-Family (5+ Unit). Listing-text estimate: 6 units. confirmed

5+ unit building — per-unit beds/baths from public records are typically unavailable; the breakdown below (if shown) is an estimate from the listing text.

Listing remarks MLS

Welcome to 1060 Rogers Avenue, a truly unique opportunity to own an incredibly well kept building nestled in the dynamic neighborhood of East Flatbush in Brooklyn. This 6-Unit rent stabilized building spans a remarkable 4,800 square feet and is comprised of 1 and 2 bedroom units offering a total of 15 rooms, including 9 bedrooms and 9 baths. When residents step inside, they'll be greeted by a clean well kept foyer and hallway leading to there individual apartments. Once there, your they'll enjoy the gleaming hardwood floors that gracefully unite each room, promising durability and a timeless aesthetic. The abundance of natural light throughout the property is sure to leave them feeling invigorated and inspired. The charm of this building lies in its appeal as a solid investment that's in great condition and just waiting for its new owners. For your residents, East Flatbush is not just a place to live & mdash; it's a lifestyle. They'll find themselves surrounded by vibrant local cultures, eclectic dining options, and easy access to various transportation links, ensuring they're always connected to the pulse of the city and its unique blend of offerings. They'll be able to spend time in nearby parks that offer green respite and the perfect backdrop for outdoor activities. Don't miss out on experiencing this fantastic opportunity in one of Brooklyn & rsquo; s fastest evolving neighborhoods. This solid opportunity provides an ideal addition to any investors portfolio. Reach out today to schedule a private viewing and explore everything this remarkable property has to offer. Ownership starts here! Reach out the listing agents for a full set up.

Key facts

• Nearby parks
• 2,000 sq ft lot
• Built 1910

Tags

• CLEAN WELL KEPT FOYER
• GLEAMING HARDWOOD FLOORS
• ABUNDANCE OF NATURAL LIGHT
• EASY ACCESS TO TRANSPORTATION
• NEARBY PARKS

Property features AI

Finance

• Other: Six residential units total; Unit mix and rents (current status: all leased):; Unit 1 — 2-bedroom (1st floor): $2,600; Unit 2 — 1-bedroom (1st floor): $2,584; Unit 3 — 2-bedroom (2nd floor): $379; Unit 4 — 1-bedroom (2nd floor): $2,885; Unit 5 — 2-bedroom (3rd floor): $2,585; Unit 6 — listed as 3-bedroom (3rd floor) with 2 bedrooms noted; rent $2,756
• Financial info: Rent income reported for the property; Financing options: exchange considered, bank mortgage, or cash

Exterior

• Parking: No dedicated parking
• Security: No building amenities listed
• Utilities: Electric: Other; Hot water: Gas; Heating fuel: Gas
• Home design: Residential multi-family building; Building footprint approximately 1,600 square feet; Building dimensions about 80.00 x 20.00
• Construction: Brick and masonry construction; Other foundation type; Other roof (see remarks)
• Exterior features: Attached building; Brick exterior; Zoned R6/C2-3

Interior

• Kitchen: Refrigerator included in each unit
• Bedrooms: Six-unit building: units include 1 one-bedroom, multiple two-bedrooms, and one three-bedroom (see individual unit details below)
• Flooring: Hardwood floors; Tile floors
• Bathrooms: Six full bathrooms total in the building (each unit lists one full bath)
• Heating & cooling: Gas hot water; Gas heating; Baseboard heat; Ductless/split heat delivery
• Interior features: Window A/C units; Hardwood floors; Tile floors; Cellar (unfinished)
• Laundry & utility: No specific in-unit washer/dryer listed

What this means for you Summary

Snapshot

• This is a 6 × 8-bed/6.0-bath units multifamily listed at $1.70M. Condition is rated fair.

Deal economics

• At list price, monthly cash flow is $5k ($60k/yr) — positive. Per door: $840/mo.
• The deal already cash-flows at list — no discount required.
• Meets the 1% rule at list price ($21k rent vs $1.70M).
• Recommended offer: $1.64M (3.0% below list) — sets the bar for market timing.
• Cap rate 9.9% vs local median 2.6% in New York — top-decile yield for the area; either an underpriced asset or a hidden risk that comps aren't pricing in. Stress-test before assuming the spread holds.

Location & tenants

• Location reads 75/100 on livability (#268 in NY, #4,188 nationally) — a middle-class / working-renter tenant base. Strengths: amenities A+, commute A+, health & safety A; Watch: crime F, cost of living F.
• Market conditions: Rents rising fast (+4.0%/yr); 151 active listings in the ZIP; solid renter incomes; 10,063 units permitted in Kings County in 2024 (9,789 in 5+ unit buildings).
• At $21,204/mo this rent would consume 314% of the median local household income ($81k/yr) (locally 8485% of renters already pay >50% of income on rent) — very limited rent-growth headroom before tenants either downsize or default.

Forward outlook

• In year one you build about $60k of equity ($12k loan paydown + $49k appreciation (2.9% local appreciation)).
• Kings County population projected at +13% by 2050 — modest demand growth; plan on rents tracking national, not racing it.
• At projected returns (2.9% appreciation + 4.0% rent growth), your $475k cash investment doubles in ~4 years — after that, you're playing with house money.
• By year 2, paydown + projected appreciation supports a ~$98k cash-out refi (75% LTV) — recoverable capital for the next deal without selling this one.

Negotiation context

• It's been on market 50 days — a 3% lower offer ($1.64M) is reasonable based on typical stale-listing flexibility.
• 3 sale attempts since 9y ago with the ask held roughly flat each time — persistent listings suggest the price (not the market) is what's stuck; bring a comps-based counter.

Risks & watch-outs

• Watch-outs: built in 1910 — expect roof / HVAC / electrical / plumbing capex.
• Climate carrying-cost: major wind risk, 64% chance of damaging wind over 30y; extreme-heat days projected 7→15/yr by 2055 (HVAC capex compounding) — expect insurance premiums to compound above CPI over the hold.

Recommended offer $1,644,150 (3.0% below list)

Questions for the listing agent

1. It's been on market 50 days. Have you received any prior offers? Is the seller open to a 3% concession, seller financing, or rate buy-down credit?
2. Can we see the unit-by-unit rent roll, current vacancy, and any below-market leases? What's the average tenancy length?
3. What capital expenditures (roof, boiler, parking lot, exteriors) have been made in the last 5 years, and what's planned in the next 2?
4. Have any recent inspections been done? Can we get a copy of the seller's disclosures and any deferred-maintenance estimates?
5. Built in 1910 — when were the roof, HVAC, electrical panel, plumbing, and water heater last replaced?
6. Is there a deadline driving the sale (1031 exchange, divorce, estate, relocation)? That informs how much negotiation room exists.
7. Schools are B-rated — typically a magnet for longer-tenancy family renters. What's the average tenant stay here, and is there a school-zone premium baked into asking?
8. Crime grade is F in this area — have there been break-ins, vandalism, or insurance claims at this property in the last 3 years? What carrier currently insures it and at what premium?
9. What's the average days-on-market for RENTAL listings here right now (not sales)? A rising rental-DOM trend means longer vacancies and softer asking-rent achievability than the comps imply.
10. What's the recent tenant-quality profile in this submarket — average credit score on applications, eviction rate, late-payment / NSF rate, and stable-employment percentage? A property-management company in the area should have these aggregated.
11. How much new apartment / multifamily construction is in the pipeline within 1–3 miles? Heavy new supply (>2% of stock underway) typically softens rents 12–24 months out; light construction supports rent growth.

Investment metrics

• 1% rule: 1.25% ✓
• Cap rate: 9.86%
• Cash-on-cash: 12.74%
• DSCR: 1.57
• GRM: 6.7

CMA / ARV

No comps found within radius.

Projected returns pro-forma

2.87% appreciation · 4.0% rent growth · sell at horizon

5-year hold

• IRR: 19.8%
• Equity multiple: 2.13×
• Total profit: $535,591
• Equity at exit: $750,128

10-year hold

• IRR: 21.7%
• Equity multiple: 4.17×
• Total profit: $1,504,117
• Equity at exit: $1,146,778

Cash invested: $474,600 (down + closing). Projections, not guarantees.

Landlord ↔ Tenant lean methodology

• Overall (CITY): 0 Strongly Tenant-Friendly
• State New York: 15 Strongly Tenant-Friendly · D+10
• County: — inherits STATE
• City New York: 0 Strongly Tenant-Friendly · D+34

Rent Stabilization Code; HSTPA; 6+ months in housing court.

Methodology + full state rankings →

ZIP-level market 11226

• Home prices YoY: 0.9%
• Rents YoY: 4.0%
• Active inventory: 151
• Price-to-rent: 40.0×

Monthly cashflow live

• Estimated rent: $21,204 medium
• Mortgage (P&I): −$8,889
• Tax est. 1.5%: −$2,119 /mo · $25,425/yr
• Insurance: −$706
• HOA: −$0
• Vacancy / Maint / Mgmt: −$4,453
• Net cashflow: $5,037

Break-even live

Break-even rent $14,828

Max offer price $1,695,000

Occupancy floor 71%

6-unit breakdown (identical units grouped — click to expand)

Units	Beds	Baths	Est. rent
▸ 6× units	8	6	$21,204
Total (6 units)			$21,204

UW: 25.0% down · 7.5% · 30yr · 1.5% tax · 5.0% vac · 8.0% maint · 8.0% mgmt

Financing live

Cash to close

• Down payment: $423,750
• Closing costs: $50,850
• Reserves months: —
• Total cash needed: —

Listing history 22 events

1. 2026-06-18
   days on market $1,695,000 Active 50 DOM
2. 2026-06-17
   days on market $1,695,000 Active 49 DOM
3. 2026-06-16
   days on market $1,695,000 Active 48 DOM
4. 2026-06-15
   days on market $1,695,000 Active 47 DOM
5. 2026-06-13
   days on market $1,695,000 Active 45 DOM
6. 2026-06-10
   days on market $1,695,000 Active 41 DOM
7. 2026-06-08
   days on market $1,695,000 Active 40 DOM
8. 2026-06-08
   days on market $1,695,000 Active 39 DOM
9. 2026-06-04
   days on market $1,695,000 Active 36 DOM
10. 2026-06-03
    days on market $1,695,000 Active 35 DOM
11. 2026-06-01
    days on market $1,695,000 Active 33 DOM
12. 2026-05-31
    days on market $1,695,000 Active 32 DOM
13. 2026-04-29
    listed $1,695,000 Active

    Show marketing remark (1676 chars)

    Welcome to 1060 Rogers Avenue, a truly unique opportunity to own an incredibly well kept building nestled in the dynamic neighborhood of East Flatbush in Brooklyn. This 6-Unit rent stabilized building spans a remarkable 4,800 square feet and is comprised of 1 and 2 bedroom units offering a total of 15 rooms, including 9 bedrooms and 9 baths. When residents step inside, they'll be greeted by a clean well kept foyer and hallway leading to there individual apartments. Once there, your they'll enjoy the gleaming hardwood floors that gracefully unite each room, promising durability and a timeless aesthetic. The abundance of natural light throughout the property is sure to leave them feeling invigorated and inspired. The charm of this building lies in its appeal as a solid investment that's in great condition and just waiting for its new owners. For your residents, East Flatbush is not just a place to live & mdash; it's a lifestyle. They'll find themselves surrounded by vibrant local cultures, eclectic dining options, and easy access to various transportation links, ensuring they're always connected to the pulse of the city and its unique blend of offerings. They'll be able to spend time in nearby parks that offer green respite and the perfect backdrop for outdoor activities. Don't miss out on experiencing this fantastic opportunity in one of Brooklyn & rsquo; s fastest evolving neighborhoods. This solid opportunity provides an ideal addition to any investors portfolio. Reach out today to schedule a private viewing and explore everything this remarkable property has to offer. Ownership starts here! Reach out the listing agents for a full set up.

14. 2026-04-29
    listed $1,695,000 Active 1676-char remark

    Show marketing remark (1676 chars)

    Welcome to 1060 Rogers Avenue, a truly unique opportunity to own an incredibly well kept building nestled in the dynamic neighborhood of East Flatbush in Brooklyn. This 6-Unit rent stabilized building spans a remarkable 4,800 square feet and is comprised of 1 and 2 bedroom units offering a total of 15 rooms, including 9 bedrooms and 9 baths. When residents step inside, they'll be greeted by a clean well kept foyer and hallway leading to there individual apartments. Once there, your they'll enjoy the gleaming hardwood floors that gracefully unite each room, promising durability and a timeless aesthetic. The abundance of natural light throughout the property is sure to leave them feeling invigorated and inspired. The charm of this building lies in its appeal as a solid investment that's in great condition and just waiting for its new owners. For your residents, East Flatbush is not just a place to live & mdash; it's a lifestyle. They'll find themselves surrounded by vibrant local cultures, eclectic dining options, and easy access to various transportation links, ensuring they're always connected to the pulse of the city and its unique blend of offerings. They'll be able to spend time in nearby parks that offer green respite and the perfect backdrop for outdoor activities. Don't miss out on experiencing this fantastic opportunity in one of Brooklyn & rsquo; s fastest evolving neighborhoods. This solid opportunity provides an ideal addition to any investors portfolio. Reach out today to schedule a private viewing and explore everything this remarkable property has to offer. Ownership starts here! Reach out the listing agents for a full set up.

15. 2025-05-03
    price $1,586,976
16. 2024-08-20
    price $1,603,607
17. 2024-05-09
    price $1,724,363
18. 2024-03-03
    price $1,455,850
19. 2024-01-30
    price $1,195,000
20. 2023-11-17
    price $1,277,000
21. 2018-03-29
    historical
22. 2017-10-19
    listed $1,450,000 New

ⓘ Source: listings_history table (triggers on properties + properties_extension) + one-shot backfill from property_details.listing_events for pre-trigger history.

Climate risk First Street

• 🌊 Flood 1/10 Low FEMA zone X (unshaded) · 0% chance over 30 yrs
• 🔥 Wildfire 1/10 Low
• 🌡 Heat 7/10 Severe 7 d/yr ≥97°F today · 15 d/yr by 30 yrs out
• 💨 Wind 6/10 Major 64% chance of damaging wind over 30 yrs
• 🫁 Air quality 4/10 Moderate 5 unhealthy d/yr today · 7 by 30 yrs out

Taxation est. · year 1

• Rental income: $254,448
• − Mortgage interest: −$94,946
• − Property taxes: −$25,425
• − Insurance: −$8,475
• − Repairs & maintenance: −$20,356
• − Management: −$20,356
• − Depreciation: −$49,309
• Taxable income: $35,581
• Est. tax owed @ 24.0%: −$8,539
• After-tax cash flow: $51,909/yr

For passive investors: Depreciation is non-cash, so a rental often shows a tax loss while cash-flowing — sheltering income. Rental losses are passive: they offset passive income freely, and up to $25,000/yr can offset ordinary (W-2) income if you actively participate and your MAGI is under $100k (phasing out to $0 by $150k); unused losses carry forward. On sale, claimed depreciation is recaptured at up to 25%, and gains may owe capital-gains tax (a 1031 exchange can defer both). Figures are a year-1 estimate at your 24.0% rate — not tax advice; consult a CPA.

Condition & rehab AI · 13 photos

Fair 45/100 Moderate rehab

The property requires significant exterior and interior repairs, including siding replacement, roof repair, HVAC system replacement, and landscaping improvements. These repairs will significantly increase the property's resale and rental value.

Repairs flagged

• Major exterior siding — Significant wear and tear on the exterior siding, requiring replacement.
• Major roof — Visible signs of wear and potential leaks, requiring replacement.
• Major HVAC/mechanicals — Significant wear and potential issues, requiring replacement or repair.
• Major landscaping — Overgrown vegetation and lack of maintenance, requiring landscaping improvements.

Value-add opportunities

• Both exterior siding replacement — Improves the overall appearance and value of the property.
• Both HVAC system replacement — Improves comfort and energy efficiency, attracting more tenants.
• Both landscaping improvements — Enhances curb appeal and attracts more tenants.

Renovation cost estimate screening

Repair item	Severity	Est. cost
exterior siding · Significant wear and tear on the exterior siding, requiring replacement.	Major	$15,000–50,000
roof · Visible signs of wear and potential leaks, requiring replacement.	Major	$15,000–50,000
HVAC/mechanicals · Significant wear and potential issues, requiring replacement or repair.	Major	$15,000–50,000
landscaping · Overgrown vegetation and lack of maintenance, requiring landscaping improvements.	Major	$15,000–50,000
Total estimated repair cost · 4 items		$60,000–200,000

Value-add ROI direction

• Both exterior siding replacement — Improves the overall appearance and value of the property. ↑
• Both HVAC system replacement — Improves comfort and energy efficiency, attracting more tenants. ↑
• Both landscaping improvements — Enhances curb appeal and attracts more tenants. ↑

ⓘ Cost ranges are severity-bucket heuristics (US national rule-of-thumb). Get contractor quotes + a written scope before underwriting a rehab budget.

Schools (NCES district)

No district data.

Livability — New York

• Score: 75/100
• State rank: #268
• US rank: #4188

Category grades

Amenities A+ Commute A+ Cost of living F Crime F Employment A- Housing C+ Health & safety A User ratings A

Schools grade is shown separately in the Schools card above.

Census & demographics

• Census place: New York, NY
• County: Kings County · 2,614,986 people
• City population: 7,731,280
• Metro: New York-Newark-Jersey City, NY-NJ-PA
• Population (ZIP): 95,144
• Household income: $81,014
• Rent vs Own: 86.0% rent · 14.0% own
• Severe rent burden: 8485.0

Population outlook (Kings County) Hauer SSP2

• Today (2025): 2,847,441 people
• By 2030: 2,937,006 · +3.1%
• By 2040: 3,095,491 · +8.7%
• By 2050: 3,228,968 · +13.4%
• By 2075: 3,321,723 · +16.7%
• By 2100: 3,111,387 · +9.3%

Race, ethnicity, and origin ACS 2023

• Neighborhood character: Diverse neighborhood (Simpson 0.60)
• Race & ethnicity: Black 59% Hispanic / Latino 16% White 14% Two or more races 9% Asian 4% Native American 1%
• Hispanic origin (detail): Mexican 5% Puerto Rican 3% Dominican 2%
• Common ancestry: Hispanic 12% Romanian 1% Italian 1%
• Foreign-born: 43% · Canada, China, Mexico
• Languages at home: 65% English-only · French/Haitian/Cajun 14% Spanish 13% Other Indo-European 2%

Political lean MEDSL · Kings

• 2024 margin: Solid D (+44.0) · D 72.0% · R 28.0%
• 2008→2024 swing: -15.5pp toward R · 2008: 59.4pp · 2024: 44.0pp
• All cycles: 2024: D+44.0 2020: D+54.8 2016: D+61.8 2012: D+63.9 2008: D+59.4

Not yet ingested

• Civics: —

Market trends

• HPI YoY: ▲ 2.87%
• Current HPI: 331.4138
• Rent YoY: ▲ 4.00%
• Metro: New York-Newark-Jersey City, NY-NJ-PA
• State GDP YoY: ▲ 2.60%
• F500 in state: 92

Industry mix (Fortune 500 HQ in NY)

Industry	F500 HQs	Revenue
▸Financial Services	10	$950B
▸Consumer Goods	9	$162B
▸Insurance	4	$225B
▸Telecommunications	2	$144B
▸Pharmaceuticals	2	$112B
▸Media / Entertainment	2	$69B

Price history

+16.9% since first listed

10 events — show timeline

• 2026-04-29 Listed $1,695,000 BNYMLS
• 2026-04-29 Listed $1,695,000 RLS at REBNY
• 2025-05-03 Price Changed $1,586,976 BNYMLS
• 2024-08-20 Price Changed $1,603,607 BNYMLS
• 2024-05-09 Price Changed $1,724,363 BNYMLS
• 2024-03-03 Price Changed $1,455,850 BNYMLS
• 2024-01-30 Price Changed $1,195,000 BNYMLS
• 2023-11-17 Price Changed $1,277,000 BNYMLS
• 2018-03-29 Listing Removed — OneKey® MLS as Distributed by MLS Grid
• 2017-10-19 Listed $1,450,000 OneKey® MLS as Distributed by MLS Grid