408 Rogers Avenue
$1,750,000
MLS# RLS20076914 · Prospect Lefferts Gardens
Originally listed at $2,000,000. Price last reduced on September 25, 2026.
Listed March 12, 2026 · 244 days on the market
4 Beds 2 Baths 4,000 Sq.Ft.
About This Property
408 Rogers Ave. — Prospect Lefferts Gardens
Asking Price: $1,750,000
Presenting this robust mixed-use building, featuring one of Brooklyn's most elegant and authentic commercial restaurant, lounge, and music venues in the borough. The property also offers two spacious split-bedroom, identical residential units — one with private outdoor space(400 sq.ft.). Priced at $1,750,000 with an NOI of $113,485, this offering delivers a strong 6.48% cap rate — a compelling return backed by stable, quality income streams.
The continued renaissance of all things PLG is truly dynamic. Rogers Ave. has added a wealth of goods and services enhancing the lifestyle of the community. Subway access is abundant, with easy access to the 2/5/Q/B/S lines. Prospect Park and the Brooklyn Botanic Garden are both close by, and Lindl, Lincoln Market, and Western Beef offer a variety of quality supermarkets nearby.
Both two-bedroom/one-bath units are impeccable, sitting comfortably above the retail space in vibrant Prospect Lefferts Gardens. Each is a bright floor-through featuring new floors, appliances, lighting, and split-systems alongside radiators. One unit offers a large private outdoor space, adding tremendous value throughout spring, summer, and fall. Both units present spacious living areas with separate dining areas, offering tremendous comfort and livability.
The commercial space is something the building owner can truly be proud of — a well-received venue that draws an elegant yet authentic crowd, with an aesthetic among the best in Brooklyn.
Of tremendous additional value: roughly 1,500 sq. ft. of buildable space represented in additional FAR — offering strong upside potential beyond the current 6.48% return.
This is a rare opportunity to acquire an income-producing asset in one of Brooklyn's fastest-growing neighborhoods. At a 6.48% cap rate, 408 Rogers Ave. offers an attractive yield for both cash-flow-focused and long-term investors. With turnkey residential units, a thriving commercial tenant, and roughly 1,500 sq. ft. of untapped FAR, the property combines steady income with real upside. Ownership is ready to engage with serious, qualified buyers. Full financials available upon request — schedule your showing today.
Agent's Note
From Curtis Bain. Details about the apartment are drawn from the listing information provided through RLS by Corcoran Group.
Each residence is a floor-through above the building's ground-floor commercial space, with a living area and a separate dining area. Because each unit runs front to back, the rooms follow one line from one end of the apartment to the other, and the dining area gives you a defined place to eat that isn't the sofa.
Both units have new floors, new appliances, and new lighting. Each also has split-system units alongside the radiators, so you're not relying on one system for the whole year. The listing describes the units as move-in ready, which is a sensible starting point if you plan to live in one.
One unit has a large private outdoor space. That's the detail I'd check first if warm-weather use matters to you, since it's the one feature here that isn't inside the walls.
The building is listed as green and smoke-free. The listing also describes an established commercial tenant on the ground floor, and that tenant is part of what makes the building work as a whole.
The building is on Rogers Avenue in Prospect Lefferts Gardens. The listing points to subway access on the 2, 5, Q, B and S lines, and it describes the area as one with more shops and services added in recent years. Prospect Park is nearby, and the listing describes it as the neighborhood's central green space.
Quick answers+
Does the apartment have private outdoor space?
Yes. One of the two residential units has a large private outdoor space.
Is there a separate dining area?
Yes. Both residential units have a separate dining area alongside the living space.
Is the building smoke-free?
Yes. The building is smoke-free.
Curtis Bain
Brown Harris Stevens
Property Features
Policies
- Smoke-free
Home features
- View
Building amenities
Services and facilities
- Green building
Estimate
Monthly Cost & Closing Costs
The rate is a placeholder, not a quote. Enter the one your lender gives you.
$9,684 / month
- Principal and interest$8,849
- Property taxes$835
Due at closing
- Down payment (20%)$350,000
- NYS “mansion tax” (1%)$17,500
- Mortgage recording tax (1.925%)$26,950
Not included: attorney, title insurance, lender and appraisal fees, board application and move-in fees, flip tax and prepaid items. Estimates only, based on the published New York State rates. Your attorney and lender will confirm the real figures.
About the Building
408 Rogers Avenue is a 3-story mixed-use residential in Prospect Lefferts Gardens, completed in 1908 and home to 2 residential units. It sits within the Prospect Lefferts Gardens Historic District. The most recent major alteration on record was in 2006.
The closest subway is Sterling St (2, 5), about a 4-minute walk. Maple Street Community Garden is roughly 3 minutes away on foot.
Compiled from NYC public records and open data.
- Year Built
- 1908
- Stories
- 3
- Units
- 2
- Building Type
- Mixed-Use Residential
- Historic District
- Prospect Lefferts Gardens Historic District
Location & Nearby
Map
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408 Rogers Avenue
Subway
- 25Sterling StAbout 4 min walk
- 25President St-Medgar Evers CollegeAbout 10 min walk
- BQSProspect ParkAbout 11 min walk · Accessible
- 25Winthrop StAbout 12 min walk
Parks
- Maple Street Community GardenAbout 3 min walk
- Marc And Jason's PlaygroundAbout 5 min walk
- Jackie Robinson PlaygroundAbout 8 min walk
Public schools · Elementary schools
- P.S. 375 Jackie Robinson SchoolAbout 9 min walk
- Success Academy Charter School - Crown Heights · CharterAbout 9 min walk
- P.S. 161 The CrownAbout 9 min walk
Middle schools
- M.S. 61 Dr. Gladstone H. AtwellAbout 7 min walk
- Ebbets Field Middle SchoolAbout 9 min walk
High schools
- Medgar Evers College Preparatory SchoolAbout 9 min walk
- Clara Barton High SchoolAbout 15 min walk
Colleges & universities
- Medgar Evers College (CUNY)About 8 min walk
- SUNY Downstate Health Sciences UniversityAbout 19 min walk
Museums
- Jewish Children'S MuseumAbout 20 min walk
- Brooklyn Children'S MuseumAbout 25 min walk
Walking times are estimates. Schools shown are the nearest public and charter schools and are not zone assignments; a nearby school is not necessarily the one an address is zoned for. Confirm zoning with the NYC Department of Education. Sources: MTA, NYC Parks and NYC Department of City Planning open data.
The Neighborhood
About Brooklyn
Prospect Lefferts Gardens is covered by our Brooklyn guide.
A dynamic borough offering architecturally significant residences, world-class culture, and an unmatched creative energy.
Walkability
9/10
Public transit
8/10
Schools
7/10
Dining
9/10
Groceries & parks
8/10
Similar homes in Prospect Lefferts Gardens
Gallery
Property Photos
Listing Courtesy of Corcoran Group
This information is not verified for authenticity or accuracy and is not guaranteed and may not reflect all real estate activity in the market. ©2026 The Real Estate Board of New York, Inc., All rights reserved.