NY > Brooklyn
Brooklyn, NY 11212,448 East 94th ST
Brooklyn, NY 11212,448 East 94th ST
Brooklyn, NY 11212,448 East 94th ST
Brooklyn, NY 11212,448 East 94th ST
Brooklyn, NY 11212,448 East 94th ST
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Celinda Iaboni

Celinda Iaboni

+1(631) 786-9603
$ 2,200,000
Est. payment | /mo

32 Beds

28 Baths

25,600 SqFt

Save
$ 2,200,000
Est. payment | /mo
Save

32 Beds

28 Baths

25,600 SqFt

Key Details

Property Type Multi-Family

Sub Type Multi-Family

Listing Status Active

Purchase Type For Sale

Square Footage 25,600 sqft

Price per Sqft $85

MLS Listing ID 496069

Bedrooms 32

Full Baths 28

Year Built 1928

Annual Tax Amount $81,450

Property Sub-Type Multi-Family

Property 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.

Location

State NY

County Kings (brooklyn)

Area East Flatbush

Zoning R6

Rooms

Basement Full, Unfinished

Interior

Hot Water Gas, Oil

Heating Gas, Oil

Flooring Hardwood, Linoleum, Tile

Heat Source Gas, Oil

Exterior

Exterior Feature Brick

Amenities Available Resident Superintendent

Roof Type Asphalt/Tar,Flat

Handicap Access No

Building

Story 4

Foundation Poured Concrete

Others

Energy Description Gas,Oil

Financing 1031 Exchange,Bank Mortgage,Cash

Listed by Keller Williams Realty Empire

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Celinda Iaboni

Celinda Iaboni

+1(631) 786-9603

Broker | License ID: 10491210466

Broker License ID: 10491210466

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448 East 94th ST

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