Homes for sale - 142 E 95th Street #Building, Brooklyn, NY 11212

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DEXTER PHILLIP

dexter.phillip@exprealty.com +1(917) 809-9210

Listing Courtesy of Platinum Properties

$ 1,095,000

Est. payment | -/mo

7 Beds

4 Baths

3,198 SqFt

Save

$ 1,095,000

Est. payment | -/mo

Save

7 Beds

4 Baths

3,198 SqFt

Key Details

Property Type Multi-Family

Sub Type Multi Family

Listing Status Pending

Purchase Type For Sale

Square Footage 3,198 sqft

Price per Sqft $342

Subdivision East Flatbush

MLS Listing ID OLRS-0091413

Style Prewar,Walk-Up

Bedrooms 7

HOA Y/N No

Year Built 1920

Annual Tax Amount $9,435

Property Description

Platinum Properties is proud to present 142 E 95th Street, a four unit multifamily building in fast developing East Flatbush. This is a tremendous value-add investment or an owner-occupied multifamily home., this well maintained building is 100% free market (Three 2BR’s and one 1BR). Similar buildings nearby that have been renovated prove that a major increase in rent is possible with only modest renovations. Additional value adds include a potential rentable parking space, basement storage units and laundry.

Nearby train stations for the express 3 / 4 trains make the location very attractive for high price renters who commute to Manhattan. A strong retail community exists on Rutland and 95th. Lincoln Terrace Park is nearby.

Even greater capitalization potential exists due to the lot’s coveted R6 zoning and unused FAR. This allows for an entirely new development to be built. An example of this approach was just completed across the street. The asset also holds the highly desirable 2A tax class, meaning the taxes cannot increase more than 8% per year and no more than 30% over 5 years

With demand for value-add housing stock at an all time high don’t miss a chance for much improved cash flow opportunity. This is a great opportunity to expand a portfolio or the perfect place to start your empire with a high upside asset.

Reach out today for more details or to set up an online viewing.

Investment Highlights
Asking Price: $1,095,000

Current Cap Rate: 4.8

Pro Forma Cap Rate: 8.9

Units: 4

Price/Unit: $273,750

Price/SF: $342

Total GSF: 3,198

Tax Class: 2A

Zoning Residential FAR: R6

Total Buildable SF: 6073

Available Air Rights: 2874

Lot Size: 2,500 sq ft

Floors: 2

Address: 142 E 95th Street Brooklyn NY 11212

Location: East Flatbush

Location

State NY

County Kings

Zoning R6

Building 142 E 95th Street

Interior

Fireplace No

Laundry See Remarks

Exterior

Private Pool No

Building

Dwelling Type Multi Family

Story 2

New Construction No

Others

Pets Allowed Pets Allowed

Ownership None

Monthly Total Fees $786

Pets Allowed Building Yes, Yes

RLS Data display by eXp Realty

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+1(917) 809-9210

dexter.phillip@exprealty.com

104 West 40th Street 4th Floor, New York, NY, 10018, USA

142 E 95th Street #Building Brooklyn, NY 11212