99 E 96th St Brooklyn, NY 11212

Building Details

Year Built

1926

Listing agency Keller Williams Realty Empire c***@kw.com Show Phone

Listed by Charles A Olson · License #10491204283 Show Phone

Source Elliman

Added: May 12 Updated: Jul 10 at 1:37PM Checked: Jul 21 at 9:38AM

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Investment Insights

Based on property information with market context.

This offering comprises three pre-war multifamily buildings located in East Flatbush, Brooklyn. The portfolio consists of 83 fully occupied, rent-stabilized units with no rent control. The units range from studios to 3-bedroom apartments. The properties feature well-maintained walk-up construction and efficient layouts. The portfolio delivers a CAP rate over 8%, supported by steady cash flow. All buildings are conveniently located near major retail corridors, multiple bus lines, and the 2/3/4/5 subway lines at Utica Avenue. The location has a bike score of 74, indicating it is very bikeable, a walk score of 88, indicating it is very walkable, and a transit score of 98, indicating it is a rider's paradise. This is a stabilized multifamily package in a strong Brooklyn rental market. Buildings may also be purchased individually.

Key Highlights

• Portfolio CAP rate over 8% with steady cash flow.
• 83 fully occupied, rent‑stabilized units with no rent control.
• Excellent transit access: close to multiple bus lines and the 2/3/4/5 subway lines.

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FAQs

What type of property is this?

Apartment building - Three pre-war multifamily buildings in East Flatbush, Brooklyn.

Where is this apartment building located?

The property is located at 99 E 96th St Brooklyn, NY.

What is the asking price?

The asking price for this property is $6,000,000.

What are key features of this property?

This property features: Portfolio CAP rate over 8% with steady cash flow.; 83 fully occupied, rent‑stabilized units with no rent control.; Excellent transit access: close to multiple bus lines and the 2/3/4/5 subway lines.