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$6,000,000
Est. payment /mo
7,501 Sqft Lot
UPDATED:
Key Details
Property Type Commercial
Sub Type Multi Family
Listing Status Active
Purchase Type For Sale
MLS Listing ID 992595
Rental Info No
Year Built 1926
Annual Tax Amount $256,001
Lot Size 7,501 Sqft
Acres 0.1722
Property Sub-Type Multi Family
Source onekey2
Property Description
99 East 96th Street is offered as part of an 83-unit, 3-building portfolio including 448 East 94th Street and 455 East 94th Street. This East Flatbush, Brooklyn portfolio consists of three pre-war, red-brick multi-family properties featuring a mix of studio to three-bedroom apartments. The assets are fully occupied and 100% rent-stabilized with zero rent control. Priced at a discount as a package deal, the portfolio offers significant long-term appreciation potential alongside immediate cash flow at a current cap rate exceeding 8.5%. Tenants benefit from proximity to retail corridors along Rockaway Parkway and Utica Avenue, as well as transit via multiple bus lines and the 2, 3, 4, and 5 subway lines at Utica Avenue. DHCR histories are available upon request; the buyer is responsible for all due diligence.
Location
State NY
County Kings (brooklyn)
Rooms
Basement Full, Unfinished
Interior
Heating Natural Gas, Oil
Cooling None
Fireplace No
Appliance Gas Oven, Refrigerator
Exterior
Parking Features On Street
Utilities Available None
Building
Story 4
Sewer Public Sewer
Water Public
Structure Type Brick
Schools
High Schools Brooklyn 17
School District Brooklyn 17
Others
Special Listing Condition None
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Listed by Keller Williams Realty Empire • Charles A. Olson
Nearby School & Business
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