Free Market Multifamily Building in East Flatbush

487 E 93rd Street

East Flatbush

$1,250,000

Size 3,440 SF
Residential Units 5
Available Air Rights 3,1600 SF
Cross Streets Linden Blvd + Willmohr Street
Subways
3
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Multifamily 487 E 93rd Street, East Flatbush
Matthew Cosentino
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Details

Cap Rate 6.45%
NOI $80,572

Overview

TerraCRG has been retained to exclusively represent ownership in the sale of the multifamily property at 487 E 93rd Street in East Flatbush, Brooklyn.
Located on E 93rd Street between Wilmohr Street and Linden Boulevard, 487 E 93rd Street is a 3,440 SF two-story free market multifamily brick building. The five residential units include three two-bedroom and two three-bedroom units which are fully occupied. The property is semi-attached, leaving one side exposed to additional natural light and has an additional 3,160 SF of air rights due to R6 Zoning of the building.

Attractions

487 E 93rd Street is surrounded by many national tenants along the retail corridor including Key Food Supermarket, Popeye’s Louisiana Kitchen and Burger King. It is also located close to Brookdale Hospital, with quick access to Linden Boulevard and Kings Highway. The closest subway is the 3 train at Saratoga Avenue station which provides a 30-minute commute to Manhattan.

Key Food Supermarket
Popeye’s Louisiana Kitchen and Burget King

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