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$6,225,000
Est. payment /mo
98 Beds
83 Baths
22,292 SqFt
UPDATED:
Key Details
Property Type Multi Family
Sub Type Multi-Family
Listing Status Active
Purchase Type For Sale
Square Footage 22,292 sqft
Price per Sqft $279
MLS Listing ID 497475
Bedrooms 98
Full Baths 83
Year Built 1926
Annual Tax Amount $256,001
Property Sub-Type Multi-Family
Property Description
Three property portfolio, 99 East 96th Street, 455 East 94th Street & 448 East 94th Street, Brooklyn, NY
This offering comprises three pre-war multifamily buildings in East Flatbush, Brooklyn, totaling 83 fully occupied, rent-stabilized units with no rent control, ranging from studios to 3-bedroom apartments. The portfolio features well-maintained walk-up construction, efficient layouts, and strong, stable rental demand.
Together, the properties deliver a portfolio CAP rate over 8%, supported by steady cash flow. All buildings are conveniently located near major retail corridors, multiple bus lines, and the 2/3/4/5 subway lines at Utica Avenue.
A rare opportunity to acquire a high-performing, stabilized multifamily package in a strong Brooklyn rental market. DHCRs available upon request. Buyer is responsible for due diligence. Buildings may also be purchased individually.
This offering comprises three pre-war multifamily buildings in East Flatbush, Brooklyn, totaling 83 fully occupied, rent-stabilized units with no rent control, ranging from studios to 3-bedroom apartments. The portfolio features well-maintained walk-up construction, efficient layouts, and strong, stable rental demand.
Together, the properties deliver a portfolio CAP rate over 8%, supported by steady cash flow. All buildings are conveniently located near major retail corridors, multiple bus lines, and the 2/3/4/5 subway lines at Utica Avenue.
A rare opportunity to acquire a high-performing, stabilized multifamily package in a strong Brooklyn rental market. DHCRs available upon request. Buyer is responsible for due diligence. Buildings may also be purchased individually.
Location
State NY
County Kings (brooklyn)
Area East Flatbush
Zoning R6
Rooms
Basement Full, Unfinished
Interior
Hot Water Gas, Oil
Heating Gas, Oil
Flooring Hardwood, Laminate, Linoleum, Tile
Heat Source Gas, Oil
Exterior
Exterior Feature Brick
Amenities Available NONE
Roof Type Asphalt/Tar,Flat
Handicap Access No
Building
Story 4
Foundation Poured Concrete
Others
Energy Description Gas,Oil
Financing Bank Mortgage,Cash
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Listed by Keller Williams Realty Empire
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Randy Reis
Team Leader | License ID: 40RE1176716
Team Leader License ID: 40RE1176716