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$2,275,000
Est. payment /mo
35 Beds
30 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 $102
MLS Listing ID 496065
Bedrooms 35
Full Baths 30
Year Built 1926
Annual Tax Amount $99,961
Property Sub-Type Multi-Family
Property Description
99 East 96th, AKA address 99-107 East 96th Street, is an excellent opportunity to acquire a solid red-brick, four-story pre-war 30-unit multifamily building in the heart of East Flatbush, Brooklyn. This well-maintained walk-up property is filled with spacious pre-war apartments ranging from studios to 3 bedrooms that attract a strong rental demand and provide steady cash flow. With a CAP rate near 8%, the property offers immediate income as well as long-term appreciation potential. Fully occupied, all apartments are rent-stabilized, with no rent control. The building is situated in a prime location, surrounded by numerous shopping and dining options along Rockaway Parkway and Utica Avenue. Nearby Lincoln Terrace Park and Betsy Head Park offer green spaces and recreation, while multiple bus lines and the 2, 3, 4, and 5 subway lines at Utica Avenue ensure convenient transportation throughout the city. With consistent occupancy, rental upside, and highly desirable pre-war layouts, this 30-unit brick building is a substantial addition to any investment portfolio. DHCRs can be provided upon request. Buyer is responsible for due diligence.
Location
State NY
County Kings (brooklyn)
Area East Flatbush
Zoning R6
Rooms
Basement Full, Unfinished
Interior
Hot Water Gas
Heating Gas
Flooring Hardwood, Linoleum, Tile
Heat Source Gas
Exterior
Exterior Feature Brick
Amenities Available Resident Superintendent, NONE
Roof Type Asphalt/Tar,Flat
Handicap Access No
Building
Story 4
Foundation Poured Concrete
Others
Energy Description Gas
Financing 1031 Exchange,Bank Mortgage,Cash
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Listed by Keller Williams Realty Empire
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