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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.

Features
Heating System:
Natural Gas
Cooling System:
No
Basement:
Full, Unfinished
Appliances:
Refrigerator, Gas Oven
Parking Features:
On Street
Sewer:
Public Sewer
Utilities:
No
Address Map
City:
NY
State:
NY
County:
Kings (Brooklyn)
Directions:
See Google Maps
Property and Construction
Development Status:
Brick
Agent MlsId:
130055
Office MlsId:
KLLR01
Number Of Units:
30
Special Listing Conditions:
No
Stories Total:
4
Tax Annual Amount:
$99,961
Water Source:
Public
Zoning:
R6
PhotosCount:
4

Commercial Sale For Sale

99 96th Street, New York, NY

7,500 Acre
$2,275,000
Listing ID #916806
Basic Details
Property Type :
Commercial Sale
Property SubType :
Multi Family
Listing ID :
916806
Price :
$2,275,000
Bathrooms Total :
0
Building Area :
26,000 Sqft
Lot Area :
7,500 Acre
Year Built :
1926
Status :
Active
Status :
Active
Listing Office :
Keller Williams Realty Empire
Listing Agent :
Charles A. Olson
Agent info
Kasner Properties
284 W Park Ave Long Beach, NY 11561
Contact Agent
Walkscore
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