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Active
99 East 96th ST Brooklyn, NY 11212
98 Beds
83 Baths
22,292 SqFt
UPDATED:
Key Details
Property Type Multi-Family
Sub Type Multi-Family
Listing Status Active
Purchase Type For Sale
Square Footage 22,292 sqft
Price per Sqft $269
MLS Listing ID 500981
Bedrooms 98
Full Baths 83
Year Built 1926
Annual Tax Amount $256,001
Property Sub-Type Multi-Family
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)
Area East Flatbush
Zoning R6
Rooms
Basement Cellar, Unfinished
Interior
Hot Water Gas, Oil
Heating Gas, Oil
Flooring Hardwood, Tile
Heat Source Gas, Oil
Exterior
Exterior Feature Brick
Amenities Available NONE
Roof Type Asphalt/Tar,Flat
Handicap Access No
Building
Story 4
Foundation Poured Concrete
Others
Energy Description Gas,Oil
Financing Bank Mortgage,Cash
Listed by Keller Williams Realty Empire
