Fully Occupied Rent Stabilized Multifamily Building in East Flatbush

289 E 94th Street

East Flatbush

Size 5,280 SF
Occupation 100%
Cross Streets Clarkson Ave + Kings Hwy
Units 7
Subways
3
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Multifamily 289 E 94th Street, East Flatbush
Matthew Cosentino
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Details

Cap Rate 6.07%
NOI $94,009

Overview

TerraCRG has been retained to exclusively represent ownership in the sale of the
multifamily property at 289 E 94th Street in East Flatbush, Brooklyn.
Located on E 94th Street between Clarkson and Kings Highway, 289 E 94th Street is a 5,280 SF three-story fully occupied rent-stabilized multifamily brick building. The six residential units include two three-bedroom and four two-bedroom units which are fully occupied, with a legal community facility in the basement. The property is semi-attached, leaving one side exposed to additional natural light.
289 E 94th Street is surrounded by many national tenants along the retail corridor including Crown Chicken, Rite Aid, Dominos and Shell. It is also located close to Kennedy King playground and both Kingsbrook Medical Center and Brookdale Hospital, with quick access to Kings Highway and Linden Boulevard. The closest subway is the 3 train at Saratoga Avenue station which provides a 30-minute commute to Manhattan.

Attractions

289 E 94th Street is surrounded by many national tenants along the retail corridor including Crown Chicken, Rite Aid, Dominos and Shell. It is also located close to Kennedy King playground and both Kingsbrook Medical Center and Brookdale Hospital, with quick access to Kings Highway and Linden Boulevard. The closest subway is the 3 train at Saratoga Avenue station which provides a 30-minute commute to Manhattan.

Crown Chicken
Rite Aid
Dominos
Shell

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