Bestreich Realty Group (BRG) is pleased to announce that it has closed 495 E 94th Street, located in the East Flatbush section of Brooklyn. The property features 14 one-bedroom units and 6 two-bedroom units, is built 60 ft x 80 ft and offers approximately 19,200 square feet. It sits on a 60 ft x 100 ft and is zoned R6.
The property currently has an J51 tax exemption pending and a Major Capital Improvement application pending. Additionally, ownership has recently completed pointing the building and has updated the intercom system and electric wiring.
The property is located near the 3 Subway line offering quick and easy access to the City. East Flatbush has become a highly sought after real estate market for both retail and residential focused investors. As strong demand for residential units drive rents higher, this property offers an investor the opportunity to acquire a building with upside potential.
Call: (718) 360-8801