99 E 96th Street, Brooklyn, NY 11212
- $6,000,000
- List Price
- $6,000,000
- Days on Market
- 91
- MLS#
- 992595
- Status
- ACTIVE
- Property Type
- Multi Family
- Year Built
- 1926
- Property Tax
- $256,001
- School District
- Brooklyn 17
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.
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Additional Information
- Acres
- 0.17
- Parking
- On Street
- Stories
- 4
- Basement
- Full, Unfinished
- Heating
- Natural Gas, Oil
- Cooling
- None
- Water
- Public
- Sewer
- Public Sewer
Mortgage Calculator
Listing courtesy of Listing Agent: Charles A. Olson (charles@runnyc.com) from Listing Office: Keller Williams Realty Empire.
Listings courtesy of OneKey® MLS as distributed by MLS GRID. Based on information submitted to the MLS GRID as of . All data is obtained from various sources and may not have been verified by broker or MLS GRID. Supplied Open House Information is subject to change without notice. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information.