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99 East 96th Street, Brooklyn, New York, New York 11212

$6,000,000

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Property Details

Beds: 98 Baths: 83 Neighborhood: East Flatbush Tax Amount: $256001.00 MLS Number: 500981 Bldg Size: 75 x 88 Lot Size: 75 x 100 Lot SqFt: 7500

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.

Property Type Residential

Property Status: Active

Property Features Refrigerator Stove

Dalia Samouha

Real Estate Broker

Cell: 718.687.7576

Email: [email protected]

Instagram: @idealpropertiesrealty

Location

99 East 96th Street, Brooklyn, New York, New York 11212