1. New York
2. Brooklyn
3. 448 E 94th Street

448 E 94th Street, Brooklyn, NY 11212

• 25,600 sqft

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.

Listing Status:

Active

Listing Office:

Keller Williams Realty Empire : 718-954-8400

MLS ID:

917095

Interior

• Basement: FullUnfinished
• Flooring: Ceramic TileHardwoodOther
• A/C: None
• Heating: Natural GasOil

Exterior

• Parking: On Street

Location

• Originating MLS: onekey2
• County: Kings (Brooklyn)

Lot

• Zoning: 04690-0049

Utilities

• Utilities: Electricity ConnectedNatural Gas Connected
• Water: Public
• Sewer: Public Sewer

Financial

• Source: onekey2

This listing courtesy of Keller Williams Realty Empire