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About the Listing KLLR01 - 130055
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 just shy of 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 Highlights for 448 E 94th St
Interior Details
- Bedrooms: 0
- Bathrooms: Full
- Appliances:
- Air Cond:
- Heating: Natural Gas,Oil
- Fireplaces:
- Floor: Ceramic Tile,Hardwood
- Above Ground Sq Ft:
- Below Ground Sq Ft: n/a
- Basement: Full,Unfinished
- Other:
- Water: Public
Exterior Details
- Lot Description: No Waterfront
- Garage Capacity: N/A
- Roof:
- Others: Actual
- Sewer: Public Sewer
- Parking Features: On Street
Financial Details
- Tax Amount: $80,563
- Taxes w/Assessments: N/A
- Tax/Property ID: 04690-0049
- Tax Year: N/A
Payment Calculator
Monthly Payment
- in Principal and Interest
- in Taxes
Listing Location
Questions About..
448 E 94th St Brooklyn, NY 11212
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