625 Rogers Ave
Brooklyn, NY 11225 Prospect Lefferts Gardens

• Unit Size: 2,500 SF
• Condo Use: Retail
• Price: $1,340,000 USD
• Sale Type: Investment or Owner User
• Price/SF: $536.00 USD

Description

Prime Location in Prospect Lefferts Gardens: Located at the base of a newly constructed luxury condo building, offering high visibility and strong built-in foot traffic

Fully Built Out Daycare: Ideal for daycare operators seeking expansion. Approved for 32 children ages 6-24 months

Potential for Real Estate Tax Exemptions: There is an ICAP tax abatement in effect which provide significant property tax reductions or exemptions, enhancing long-term savings and ROI

Excellent Transit Access: Close to 2 & 5 subway lines, providing convenient access to Manhattan and Brooklyn

Sale Notes

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.