NY > Brooklyn
Brooklyn, NY 11212,448 E 94th ST
Brooklyn, NY 11212,448 E 94th ST
Brooklyn, NY 11212,448 E 94th ST
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Haniff Baksh

Haniff Baksh

+1(718) 324-6060
$2,200,000
Est. payment /mo
8,001 Sqft Lot
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UPDATED:

Key Details

Property Type Commercial

Sub Type Multi Family

Listing Status Active

Purchase Type For Sale

MLS Listing ID 917095

Rental Info No

Year Built 1928

Annual Tax Amount $80,563

Lot Size 8,001 Sqft

Acres 0.1837

Property Sub-Type Multi Family

Source onekey2

Property Description

448 East 94th St., AKA address 448-456 E94th St, is an excellent opportunity to acquire a solid red-brick, four-story pre-war 28-unit multifamily building in the heart of East Flatbush, Brooklyn. This well-maintained walk-up property with spacious pre-war apartments ranging from studios to 3 bedrooms attracts a strong rental demand and provides steady cash flow. With a CAP rate just shy of 8%, the property offers immediate income as well as long-term appreciation potential. Fully occupied, all apartments are rent-stabilized, with no rent control in place. The building enjoys a prime location surrounded by multiple shopping and dining choices. Neighborhood perks include the modern amenities of nearby Kennedy Park and sporting opportunities at Betsy Head Park. Multiple bus lines and the 2, 3, 4, and 5 subway lines at Saratoga Avenue ensure convenient transportation throughout the city. With consistent occupancy, rental upside, and highly desirable pre-war layouts, this 28-unit brick building is a substantial addition to any investment portfolio. As a bonus, the opportunity to acquire a similar property located at 455 could add another 25 units to this asset collection. DHCRs can be provided upon request. Buyer is responsible for due diligence.

Location

State NY

County Kings (brooklyn)

Rooms

Basement Full, Unfinished

Interior

Heating Natural Gas, Oil

Cooling None

Flooring Ceramic Tile, Hardwood, Other

Fireplace No

Exterior

Parking Features On Street

Utilities Available Electricity Connected, Natural Gas Connected

Building

Story 4

Sewer Public Sewer

Water Public

Structure Type Brick

Others

Special Listing Condition None

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Listed by Keller Williams Realty Empire • Charles A. Olson

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Haniff Baksh
Haniff Baksh

Broker | License ID: 10311202741

+1(718) 324-6060

4627 White Plains Rd, Bronx, NY, 10470-1612, USA

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448 E 94th ST

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