448 E 94th Street, Brooklyn, NY, 11212
$2,200,000
Multi Family
Commercial
Details
ML#: 917095
- # of Families: 28
- Sale or Rent:Sale
- Year Built: 1928
- Taxes: $80,563
- Status:Active
Description
448 East 94th St. AKA address 448-456 E94th 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 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 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.
More Property Details
Lot Size: 0.1837
Lot Sq Ft: 8000
Parking Spaces: Yes
Parking Facilities: On Street
Stories: 4
Heat: Natural Gas, Oil
A/C: None
Water: Public
Sewer: Public Sewer
Taxes: $80,563
Listing Information provided courtesy of
Keller Williams Realty Empire
718-954-8400