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Multi-Family - Brooklyn, NY
99 East 96th, AKA address 99-107 East 96th Street, is an excellent opportunity to acquire a solid red-brick, four-story pre-war 30-unit multifamily building in the heart of East Flatbush, Brooklyn. This well-maintained walk-up property is filled with spacious pre-war apartments ranging from studios to 3 bedrooms that attract a strong rental demand and provide 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. The building is situated in a prime location, surrounded by numerous shopping and dining options along Rockaway Parkway and Utica Avenue. Nearby Lincoln Terrace Park and Betsy Head Park offer green spaces and recreation, while multiple bus lines and the 2, 3, 4, and 5 subway lines at Utica Avenue ensure convenient transportation througho...
99 East 96th, AKA address 99-107 East 96th Street, is an excellent opportunity to acquire a solid red-brick, four-story pre-war 30-unit multifamily building in the heart of East Flatbush, Brooklyn. This well-maintained walk-up property is filled with spacious pre-war apartments ranging from studios to 3 bedrooms that attract a strong rental demand and provide 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. The building is situated in a prime location, surrounded by numerous shopping and dining options along Rockaway Parkway and Utica Avenue. Nearby Lincoln Terrace Park and Betsy Head Park offer green spaces and recreation, while multiple bus lines and the 2, 3, 4, and 5 subway lines at Utica Avenue ensure convenient transportation throughout the city. With consistent occupancy, rental upside, and highly desirable pre-war layouts, this 30-unit brick building is a substantial addition to any investment portfolio. DHCRs can be provided upon request. Buyer is responsible for due diligence.
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