Property Details

Overview

455 East 94th St. AKA address 449-455 E94th St, is an excellent opportunity to acquire a solid red-brick, four-story pre-war 25-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 near 8%, the property offers immediate income as well as with 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, as well as 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 25-unit brick building is a substantial addition to any investment portfolio. As a bonus, the opportunity to acquire a similar property located at 448 could add another 27 units to this asset collection. DHCRs can be provided upon request. Buyer is responsible for due diligence.