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  2. 448 East 94th Street
  • 448 East 94th Street
  • $ 2,200,000
448 East 94th Street East Flatbush Brooklyn NY 11212
448 East 94th Street East Flatbush Brooklyn NY 11212
448 East 94th Street East Flatbush Brooklyn NY 11212
448 East 94th Street East Flatbush Brooklyn NY 11212
448 East 94th Street East Flatbush Brooklyn NY 11212
448 East 94th Street East Flatbush Brooklyn NY 11212
448 East 94th Street East Flatbush Brooklyn NY 11212

448 East 94th Street

East Flatbush   |   Wilmohr St & Linden Blvd

Building For Sale
$ 2,200,000
Ownership Multi-Family
Lot Size 80'x100'
Status Active
Real Estate Taxes [Per Annum] $ 80,563
Building Size 80'x80'
Year Built 1928
ASF/ASM 25,600/2,378
 

Photos

448 East 94th Street East Flatbush Brooklyn NY 11212
448 East 94th Street East Flatbush Brooklyn NY 11212
448 East 94th Street East Flatbush Brooklyn NY 11212
448 East 94th Street East Flatbush Brooklyn NY 11212
448 East 94th 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
448 East 94th Street East Flatbush Brooklyn NY 11212

Property Description

448 East 94th St. is an excellent opportunity to acquire a solid red-brick, four-story pre-war 28-unit multifamily building in the heart of East Flatbush, Brooklyn. This well-maintained walk-up property with spacious pre-war apartments ranging from studios to 3 bedrooms attracts a strong rental demand and provides 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 in place. The building enjoys a prime location surrounded by multiple shopping and dining choices. Neighborhood perks include the modern amenities of nearby Kennedy Park and sporting opportunities at Betsy Head Park. Multiple bus lines and the 2, 3, 4, and 5 subway lines at Saratoga Avenue ensure convenient transportation throughout the city. With consistent occupancy, rental upside, and highly desirable pre-war layouts, this 28-unit brick building is a substantial addition to any investment portfolio. As a bonus, the opportunity to acquire a similar property located at 455 could add another 25 units to this asset collection. DHCRs can be provided upon request. Buyer is responsible for due diligence.
448 East 94th St. is an excellent opportunity to acquire a solid red-brick, four-story pre-war 28-unit multifamily building in the heart of East Flatbush, Brooklyn. This well-maintained walk-up property with spacious pre-war apartments ranging from studios to 3 bedrooms attracts a strong rental demand and provides 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 in place. The building enjoys a prime location surrounded by multiple shopping and dining choices. Neighborhood perks include the modern amenities of nearby Kennedy Park and sporting opportunities at Betsy Head Park. Multiple bus lines and the 2, 3, 4, and 5 subway lines at Saratoga Avenue ensure convenient transportation throughout the city. With consistent occupancy, rental upside, and highly desirable pre-war layouts, this 28-unit brick building is a substantial addition to any investment portfolio. As a bonus, the opportunity to acquire a similar property located at 455 could add another 25 units to this asset collection. 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
448 East 94th Street East Flatbush Brooklyn NY 11212
448 East 94th Street East Flatbush Brooklyn NY 11212

Building Details [448 East 94th Street]

Ownership Multi-Family
Block/Lot 4690/49
Building Size 80'x80'
Zoning R6
Year Built 1928
Floors 4
Lot Size 80'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: 496069