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$2,275,000
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 916806
Rental Info No
Year Built 1926
Annual Tax Amount $99,961
Lot Size 7,501 Sqft
Acres 0.1722
Property Sub-Type Multi Family
Source onekey2
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 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. 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)
Rooms
Basement Full, Unfinished
Interior
Heating Natural Gas
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
Others
Special Listing Condition None
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Listed by Keller Williams Realty Empire • Charles A. Olson
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Haniff Baksh
Broker | License ID: 10311202741
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