Flora Mues
MLS#992595
STATUSActive
PROPERTY TYPECommercial -
SCHOOLBrooklyn 17
Property Description
99 East 96th Street is offered as part of an 83-unit, 3-building portfolio including 448 East 94th Street and 455 East 94th Street. This East Flatbush, Brooklyn portfolio consists of three pre-war, red-brick multi-family properties featuring a mix of studio to three-bedroom apartments. The assets are fully occupied and 100% rent-stabilized with zero rent control. Priced at a discount as a package deal, the portfolio offers significant long-term appreciation potential alongside immediate cash flow at a current cap rate exceeding 8.5%. Tenants benefit from proximity to retail corridors along Rockaway Parkway and Utica Avenue, as well as transit via multiple bus lines and the 2, 3, 4, and 5 subway lines at Utica Avenue. DHCR histories are available upon request; the buyer is responsible for all due diligence.
Property Features
Property Type: Commercial -
Basement: Full, Unfinished
Basement: Yes
Cooling: None
Heating: Natural Gas, Oil
Lot Size: 0.17 Acres
Stories: 4.0
Taxes: $256,001
Year Built: 1926
Feature Descriptions
Appliances: Gas Oven, Refrigerator
Building Area Total: 26000
Exterior: Brick
Fuel Expense: 26699
On Market Date: 2026-05-27
Parcel Number: 04615-0069
Parking Features: On Street
Rental Term: Monthly
Sewer: Public Sewer
Units: 83
Utilities: None
Water: Public
Local Schools
School District: Brooklyn 17
Listed By / Shown By
Listing By
Agency Name: Keller Williams Realty Empire
Agency Contact: 718-954-8400
Shown By
Agent Name: Flora Mues
Agent Phone: (516) 826-4600
Agency Title: Coldwell Banker American Homes
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99 E 96th Street | MLS# 992595
This commercial property located at 99 E 96th Street , Brooklyn, NY 11212 is currently listed for sale with an asking price of $6,000,000. E 96th Street is located within the Brooklyn 17 school district. Search Brooklyn real estate on floramues.cbamhomes.com today.