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448 E 94Th St Brooklyn, NY 11212

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For Sale
$2,200,000

Well-maintained, fully occupied, rent-stabilized building with strong rental demand.

Lot size:
0.18 Acres

Property Features for 448 E 94Th St

General Information

Property type
Multi Family
Standard status
Active
Lot size
0.18 Acres

Building Details

Year built
1928

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Listing Contact
Charles A. Olson
Charles A. Olson
Source: Elliman

Listing Agency: Keller Williams Realty Empire Listing Agent: Charles A. Olson

Displayed information is deemed reliable but is not guaranteed and should be independently verified.

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Overview

East Flatbush 28-Unit Multifamily Building

Located at 448 East 94th St, also known as 448-456 E94th St, this four-story pre-war multifamily building features 28 units in the heart of East Flatbush, Brooklyn. The well-maintained walk-up property offers spacious pre-war apartments, ranging from studios to 3 bedrooms, attracting strong rental demand and providing steady cash flow. The property is fully occupied, with all apartments rent-stabilized and no rent control in place. The building's prime location is surrounded by multiple shopping and dining choices. Neighborhood amenities include Kennedy Park and Betsy Head Park. Transportation is convenient with multiple bus lines and the 2, 3, 4, and 5 subway lines at Saratoga Avenue. This 28-unit brick building offers consistent occupancy, rental upside, and desirable pre-war layouts. An opportunity exists to acquire a similar property at 455, potentially adding another 25 units to this asset collection. The property offers immediate income and long-term appreciation potential.
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Apartment buildings

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Location Insight

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City
Brooklyn
County
Kings
State
New York
Longitude
-73.918671
Latitude
40.65605

FAQs

What type of property is this?
Apartment building - Well-maintained, fully occupied, rent-stabilized building with strong rental demand.
Where is this apartment building located?
The property is located at 448 E 94Th St Brooklyn, NY.
What is the asking price?
The asking price for this property is $2,200,000.
What are key features of this property?
This property features: - High CAP rate (near 8%) offering immediate income and long-term appreciation potential.; - 28-unit, fully occupied building in a prime East Flatbush location.; - Spacious, desirable pre-war layouts with a mix of studios to 3-bedroom apartments.
More about this property
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