83-Unit Rent-Stabilized Apartment
For Sale
$6,000,000
99 E 96th Street, Brooklyn, NY 11212
Three pre-war red-brick buildings offer studio through three-bedroom apartments in a fully occupied multifamily portfolio.
Property Size26,000 SF
Days on Market97
Property Features for 99 E 96th Street
General Information
Standard status
Active
Size
26,000 SF
Property subtype
Commercial
Zoning
R6
Occupancy
100%
Additional Details
Public Transit
Yes
Multifamily Units
83
Taxes and HOA fees
Annual Taxes
$256,001
Building Details
Building Size
26,000 SF
Year Built
1926
Buildings
3
Stories
4
Units
83
Construction
red-brick
Listing Agency:
Keller Williams Realty Empire
(718) 954-8400
Listed By:
Charles A. Olson · License #10491204283
(718) 954-8400
Source:
Mahlerrealty
Added: May 27
Changed: Aug 27
Last Checked: Aug 28 at 11:32AM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of Keller Williams Realty Empire
Investment Insights
Based on property information with market context.
This portfolio comprises 83 apartments across three pre-war, red-brick buildings, including 99 East 96th Street, 448 East 94th Street, and 455 East 94th Street. The unit mix ranges from studios through three-bedroom apartments. All units are occupied and 100% rent-stabilized, with no rent-controlled apartments. The properties were built in 1926 and carry R6 zoning.
The assets are located in East Flatbush, Brooklyn, with retail corridors along Rockaway Parkway and Utica Avenue. Residents have access to multiple bus lines and the 2, 3, 4, and 5 subway lines at Utica Avenue. The portfolio’s current cap rate exceeds 8.5%, and DHCR histories are available upon request.
The assets are located in East Flatbush, Brooklyn, with retail corridors along Rockaway Parkway and Utica Avenue. Residents have access to multiple bus lines and the 2, 3, 4, and 5 subway lines at Utica Avenue. The portfolio’s current cap rate exceeds 8.5%, and DHCR histories are available upon request.
Key Highlights
- 83 apartments across a 3‑building portfolio
- 100% rent‑stabilized occupancy with zero rent‑controlled units
- Studio through three‑bedroom apartment mix
Property Analytics
Property Profile
Current Use
Lease Details
83
Residential units
100%
Occupancy
Location Intelligence
Trade Area within ½ mile
4,026
Businesses Nearby
Explore this area
Business Placement
Demographics for 11212, NY
91,574
Population
34,782
Households
2.6
Avg Household Size
36
Median Age
16%
College-Educated
78%
High-School Grad
1.5 sq mi
ZIP Area
61,049
Density / Sq Mi
$40,060
Median Household Income
$32,553
Median Earnings
$1,231
Median Rent
$549,400
Median Home Value
Market
Vacancy Rate% for Multifamily in Northeast region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Apartment building - Three pre-war red-brick buildings offer studio through three-bedroom apartments in a fully occupied multifamily portfolio.
Where is this apartment building located?
The property is located at 99 E 96th Street 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: 83 apartments across a 3‑building portfolio; 100% rent‑stabilized occupancy with zero rent‑controlled units; Studio through three‑bedroom apartment mix
