105 96th St, Unit 30 Brooklyn, NY 11212

Property Details for 105 96th St

Year built

1926

Lot size

0.17 lot acres

Property size

22,292 SF

Zone code

R6

Property type

Apartment buildings

APN

04615-0069

APU

46150069

Description

This exceptional 30-unit apartment building presents a compelling investment opportunity in a prime Brooklyn location. The property, built in 1926, boasts 26,400 square feet across four buildings and four stories, situated on a 7,500 square foot lot. The building features a mix of rent-stabilized and SCRIE (Senior Citizen Rent Increase Exemption) apartments, ensuring a stable and diverse tenant base and a high occupancy rate. The net rentable area totals 22,292 square feet. Recent upgrades have been made to common areas, plumbing, and electrical systems, contributing to low operational costs and high tenant satisfaction. The property offers a strong NOI of $210,056, resulting in a 6% cap rate. Additional amenities include secure entry and shared outdoor space. Detailed financial records are available upon request, showcasing the property's strong financial performance and potential for future growth. The property is zoned R6 and is offered at an asking price of $3,500,000. This well-maintained building represents a stable, long-term investment in a desirable Brooklyn neighborhood, offering convenient access to public transportation, schools, parks, shopping, and dining.