USANYNew York99 E 96Th St
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$2,275,000

99 E 96 Th St, New York, NY

Real Estate

For Sale

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  • Key Facts
  • Description
  • Map

Key Facts

Type Multi Family
Levels Commercial Sale
Size -
Garage No
HOA Fees 
Taxes $99,961
Days Active 2
Approx. Age 1926
MLS® Number 916806

Property Address: 

Average square foot calculated using Size range provided by listing agent.

Description

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.Show Description
MLS® Number916806
Locker
Ensuite LaundryNo
Balcony
Furnished
Laundry Level
Exposure
Exterior
GarageNo
Approx. Age1926
Stories4
Pets
Corp Number

Included in Maintenance Fee

Heat
Hydro
Water
Building Insurance
Condo Taxes
Cable TV
Central Air
Parking Maintenance

Utilities

HeatNatural Gas
A/CNone
Heating Fuel

Extras

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