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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 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 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.

Features
Heating System:
Oil, Natural Gas
Cooling System:
No
Basement:
Full, Unfinished
Flooring:
Hardwood, Ceramic Tile, Other
Parking Features:
On Street
Sewer:
Public Sewer
Utilities:
Natural Gas Connected, Electricity Connected
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:
28
Special Listing Conditions:
No
Stories Total:
4
Tax Annual Amount:
$80,563
Water Source:
Public
PhotosCount:
5

Commercial Sale For Sale

448 94th Street, New York, NY

8,000 Acre
$2,200,000
Listing ID #917095
Basic Details
Property Type :
Commercial Sale
Property SubType :
Multi Family
Listing ID :
917095
Price :
$2,200,000
Bathrooms Total :
0
Building Area :
25,600 Sqft
Lot Area :
8,000 Acre
Year Built :
1928
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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