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$1,400,000
Est. payment /mo
8 Beds
4 Baths
1,463 Sqft Lot
UPDATED:
Key Details
Property Type Multi-Family
Sub Type Triplex
Listing Status Pending
Purchase Type For Sale
MLS Listing ID 925208
Bedrooms 8
Full Baths 4
Rental Info No
Year Built 1920
Annual Tax Amount $4,000
Lot Size 1,463 Sqft
Acres 0.0336
Property Sub-Type Triplex
Source onekey2
Property Description
Welcome to 108 Rockaway Avenue, a classic and impeccably maintained three family brick townhouse perfectly situated on a tree lined block where Ocean Hill meets Bedford Stuyvesant. Offering approximately 2,634 square feet of living space across three levels plus a basement with bathroom, this 1920-built residence seamlessly blends historic Brooklyn character with modern investment flexibility. The property features three spacious, full floor apartments: two three bedroom, one bath units and one two bedroom, one-bath unit, each with high ceilings, excellent natural light, and comfortable layouts. The finished basement includes a half bath, laundry area, mechanicals, and ample storage, making it ideal for recreation, office space, or as part of a potential duplex expansion with the first-floor unit.
The first-floor apartment enjoys direct access to a private rear yard an increasingly rare amenity in Brooklyn offering the perfect setting for outdoor dining, gardening, or entertaining. This connection to outdoor space also creates a unique opportunity for the next owner to combine the first floor and basement into a luxurious owner's duplex with a private garden, while maintaining two additional income producing apartments on the upper levels. The building is efficiently configured with four electric meters and three gas meters, allowing tenants to manage their own utilities and simplifying operating expenses for the owner. The property has been well cared for and structurally maintained, presenting a solid foundation for both immediate occupancy and future upgrades.
From an investment standpoint, 108 Rockaway Avenue provides multiple pathways to value. Investors can enjoy strong existing cash flow, while owner-occupants can live comfortably in one unit and offset their mortgage with rental income from the other two. With minor cosmetic updates, enhanced finishes, or a first-floor duplex conversion, the property's yield and long-term appreciation potential rise significantly. The presence of separate utility metering enhances profitability and minimizes management overhead, making this a truly turnkey opportunity.
The location offers an unbeatable blend of community character and connectivity. Just moments from the C train at Rockaway Avenue, the J/Z lines at Chauncey Street, and the Broadway Junction hub connecting to the A, C, J, Z, and L trains, residents enjoy seamless access to Downtown Brooklyn, Lower Manhattan, and JFK Airport. The surrounding neighborhood is vibrant and evolving, filled with a growing collection of local cafés, eateries, and creative businesses such as Daily Press Coffee, Cuts & Slices, Lady Moo Moo Ice Cream, Sonora, and Brooklyn Blend. Nearby parks and community gardens, including Marion Hopkinson Playground and Ralph Community Garden, add to the area's livability and charm. Ocean Hill and Bed-Stuy continue to attract both long-term residents and new investors drawn to the neighborhood's authenticity, walkability, and strong rent demand.
Whether you're an investor seeking a stable, appreciating asset or an end-user ready to enjoy your own Brooklyn duplex with income from two additional apartments, 108 Rockaway Avenue delivers the perfect blend of lifestyle and leverage. With its classic brick façade, private yard, finished basement, multiple meters, and prime transit access, this property stands out as a rare opportunity in one of Brooklyn's most dynamic growth markets. Some images have been staged to highlight empty space or slight updates.
The first-floor apartment enjoys direct access to a private rear yard an increasingly rare amenity in Brooklyn offering the perfect setting for outdoor dining, gardening, or entertaining. This connection to outdoor space also creates a unique opportunity for the next owner to combine the first floor and basement into a luxurious owner's duplex with a private garden, while maintaining two additional income producing apartments on the upper levels. The building is efficiently configured with four electric meters and three gas meters, allowing tenants to manage their own utilities and simplifying operating expenses for the owner. The property has been well cared for and structurally maintained, presenting a solid foundation for both immediate occupancy and future upgrades.
From an investment standpoint, 108 Rockaway Avenue provides multiple pathways to value. Investors can enjoy strong existing cash flow, while owner-occupants can live comfortably in one unit and offset their mortgage with rental income from the other two. With minor cosmetic updates, enhanced finishes, or a first-floor duplex conversion, the property's yield and long-term appreciation potential rise significantly. The presence of separate utility metering enhances profitability and minimizes management overhead, making this a truly turnkey opportunity.
The location offers an unbeatable blend of community character and connectivity. Just moments from the C train at Rockaway Avenue, the J/Z lines at Chauncey Street, and the Broadway Junction hub connecting to the A, C, J, Z, and L trains, residents enjoy seamless access to Downtown Brooklyn, Lower Manhattan, and JFK Airport. The surrounding neighborhood is vibrant and evolving, filled with a growing collection of local cafés, eateries, and creative businesses such as Daily Press Coffee, Cuts & Slices, Lady Moo Moo Ice Cream, Sonora, and Brooklyn Blend. Nearby parks and community gardens, including Marion Hopkinson Playground and Ralph Community Garden, add to the area's livability and charm. Ocean Hill and Bed-Stuy continue to attract both long-term residents and new investors drawn to the neighborhood's authenticity, walkability, and strong rent demand.
Whether you're an investor seeking a stable, appreciating asset or an end-user ready to enjoy your own Brooklyn duplex with income from two additional apartments, 108 Rockaway Avenue delivers the perfect blend of lifestyle and leverage. With its classic brick façade, private yard, finished basement, multiple meters, and prime transit access, this property stands out as a rare opportunity in one of Brooklyn's most dynamic growth markets. Some images have been staged to highlight empty space or slight updates.
Location
State NY
County Kings (brooklyn)
Rooms
Basement See Remarks
Interior
Interior Features First Floor Bedroom, First Floor Full Bath
Heating See Remarks
Cooling None
Fireplace No
Exterior
Parking Features On Street
Utilities Available Cable Connected, Electricity Connected, Natural Gas Connected, See Remarks, Sewer Connected, Trash Collection Public
Garage false
Private Pool No
Building
Sewer Public Sewer
Water Public
Structure Type Brick
Schools
Elementary Schools Brooklyn Landmark Elementary School
Middle Schools Brooklyn Environmental Exploration
High Schools Brooklyn 23
School District Brooklyn 23
Others
Senior Community No
Special Listing Condition None
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Listed by NEXTHOME FINEST FIRST • Andrew Jepson