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.


Property

Website:https://www.nestseekers.com/5514038
Address:
New York, NY 11212
Ownership: For Sale
Type: Multi-Family
Bedrooms: Studio
Lot Size: 0.2 Acres

Financials

Price:$6,000,000
Annual Taxes:$256,001

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.

Amenities

  • Gas Oven
  • Refrigerator

Contact

578 Driggs Avenue Brooklyn, NY 11211
Listing Courtesy of Keller Williams Realty Empire