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32 Beds

-- Bathrooms

25,600 Building Sqft

8,000 Lot Sqft

$2,200,000

448 East 94th Street, Brooklyn, New York, 11212

About 448 94th Street

Active Multi-Family

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.

Features of 448 94th Street

MLS® #
496069
Bedrooms
32
Acres
0.18
Type
Residential
Price
$2,200,000
Building Sqft
25,600
Year Built
1928
Sub-Type
Multi-Family

Community Information

Address
448 94th Street
City
Brooklyn
County
Kings (Brooklyn)
State
New York
Zip Code
11212

Listing Information

Agent Name
Jean Marrone
Agent Office
Keller Williams Realty Empire

Listing Map

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At a Glance

448 East 94th Street

Brooklyn, New York, 11212

$2,200,000

32 Beds

-- Bathrooms

25,600 Building Sqft

8,000 Lot Sqft

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