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99 East 96th Street, Brooklyn, NY 11212

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For Sale

$2,275,000

35 beds • 30 baths • 22,292 sqft

Estimated Payment

$      /mo. †

APR for 30 years

Change Loan Terms

  • Single Family Attached
    Property type

  • $102.05
    Price per square foot

  • Over 50 Years Old
    Age

Explore this Property

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.
MLS# 496065

Courtesy Of Keller Williams Realty Empire

(718) 954-8400

Property Features

  • Age
    Over 50 Years Old
  • Appliances
    Refrigerator
  • Architecture Style
    Other
  • Exterior Type
    Brick
  • Floor Covering
    Hardwood, Linoleum, Tile
  • Heating System
    Steam
  • Lot Size
    0.17 Acres
  • Roof Type
    Asphalt

Map and Directions

Directions to 99 East 96th Street, Brooklyn, NY 11212

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Calculators provided for estimating purposes only. Consult with your lender to determine precise payment requirements.

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This information is provided for general informational purposes only and should not be relied on in making any home-buying decisions. School information does not guarantee enrollment. Contact a local real estate professional or the school district(s) for current information on schools. This information is not intended for use in determining a person's eligibility to attend a school or to use or benefit from other city, town or local services.

† Based on a 30-year fixed rate of 3.38% with 20% down. The estimated payment is offered for convenience and is not an offer of credit. Due to market fluctuations, interest rates are subject to change at any time and without notice. Interest rates are also subject to credit and property approval based on secondary market guidelines. The rates shown are based on average rates for our best qualified customers. Your individual rate may vary. Rates may differ for FHA, VA or jumbo loans.