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  • 99 East 96th Street
  • $ 2,275,000
99 East 96th Street East Flatbush Brooklyn NY 11212
99 East 96th Street East Flatbush Brooklyn NY 11212
99 East 96th Street East Flatbush Brooklyn NY 11212
99 East 96th Street East Flatbush Brooklyn NY 11212
99 East 96th Street East Flatbush Brooklyn NY 11212
99 East 96th Street East Flatbush Brooklyn NY 11212

99 East 96th Street

East Flatbush   |   Rutland Rd & Winthrop St

Building For Sale
$ 2,275,000
Ownership Multi-Family
Lot Size 75'x100'
Status Active
Real Estate Taxes [Per Annum] $ 99,961
Building Size 75'x88'
Year Built 1926
ASF/ASM 22,292/2,071
 

Photos

99 East 96th Street East Flatbush Brooklyn NY 11212
99 East 96th Street East Flatbush Brooklyn NY 11212
99 East 96th Street East Flatbush Brooklyn NY 11212
99 East 96th Street East Flatbush Brooklyn NY 11212

Maria Castellano

License Licensed As: Maria Castellano

Licensed Real Estate Broker/Owner


W: 718-236-1800
M: 917-318-1775
99 East 96th Street East Flatbush Brooklyn NY 11212

Property Description

99 East 96th, 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 just shy of 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.
99 East 96th, 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 just shy of 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.

Listing Courtesy of Keller Williams Realty Empire

Maria Castellano

License Licensed As: Maria Castellano

Licensed Real Estate Broker/Owner


W: 718-236-1800
M: 917-318-1775

Care to take a look at this property?

Apartment Features

Exposed Bricks
Hardwood Floors
99 East 96th Street East Flatbush Brooklyn NY 11212
99 East 96th Street East Flatbush Brooklyn NY 11212

Building Details [99 East 96th Street]

Ownership Multi-Family
Block/Lot 4615/69
Building Size 75'x88'
Zoning R6
Year Built 1926
Floors 4
Lot Size 75'x100'

Mortgage Calculator in [US Dollars]

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Loan Amount

Maria Castellano

License Licensed As: Maria Castellano

Licensed Real Estate Broker/Owner


W: 718-236-1800
M: 917-318-1775
BNYMLS All information furnished regarding this or any property listed for sale or rent is gathered from sources deemed reliable. Though we have no reason to doubt the accuracy or validity of this information, we make no warranty or representation as to the accuracy thereof and same is submitted subject to errors, omissions, change of price, rental or other conditions, prior sale, lease or withdrawal without notice. It is strongly recommended that the prospective purchaser or tenant shall carefully review each item of size, dimensions, real estate taxes, expenses, legal use and any other information presented herein.
All information furnished regarding property for sale, rental or financing is from sources deemed reliable, but no warranty or representation is made as to the accuracy thereof and same is submitted subject to errors, omissions, change of price, rental or other conditions, prior sale, lease or financing or withdrawal without notice. All dimensions are approximate. For exact dimensions, you must hire your own architect or engineer.
MLSID: 496065