99 East 96th Street, Brooklyn, New York 11212
- $6,000,000
- 98
- BD
- 22,292
- SqFt
- List Price
- $6,000,000
- Status
- ACTIVE
- Days on Market
- 91
- MLS#
- 500981
- Year Built
- 1926
- Bedrooms
- 98
- Full Baths
- 83
- Living Area
- 22,292
- Lot Size
- 7,500
- MLS Area Major
- East Flatbush
Property 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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Additional Information
- Taxes
- $256,001
- Financing
- Bank Mortgage, Cash
- Zoning
- R6
- Flooring
- Hardwood, Tile
- Heating
- Gas, Oil
- Exterior Features
- Brick
- Stories
- 4
- Roof
- Asphalt/Tar, Flat
- Foundation
- Poured Concrete
Mortgage Calculator
Courtesy Of Keller Williams Realty Empire