Listed by Keller Williams Realty Empire
$6,000,000
99 E 96th Street
Details
APN 04615-0069
Property Type Multifamily
Sub Type Apartment Building, Duplex/Triplex/Quadruplex
Units 83
Year Built 1926
Acreage 0.172
Zoning R6
Multifamily | 83 Units
Marketing 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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Listed by Keller Williams Realty Empire
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