Seller's Agent in 2024
Jess Prichard
Platinum Properties
(917) 456-6804
1 in this area
4 Total Sales
142 E 95th St Brooklyn, NY 11212
East Flatbush Neighborhood
7
Beds
4
Baths
3,198
Sq Ft
2,500
Sq Ft Lot
About This Home
As of November 2024Platinum 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
Last Agent to Sell the Property
Platinum Properties License #10401356335 Listed on: 06/09/2023
Property Details
Home Type
- Multi-Family
Est. Annual Taxes
- $9,435
Year Built
- Built in 1920
Lot Details
- 2,500 Sq Ft Lot
- Lot Dimensions are 25.00 x 100.00
Home Design
- Pre War Building
Interior Spaces
- 3,198 Sq Ft Home
- 2-Story Property
Bedrooms and Bathrooms
- 7 Bedrooms
- 4 Full Bathrooms
Community Details
- Remsen Village Subdivision
Listing and Financial Details
- Legal Lot and Block 29 / 4613
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Home Values in the Area
Average Home Value in this Area
Property History
| Date | Event | Price | List to Sale | Price per Sq Ft |
|---|---|---|---|---|
| 11/20/2024 11/20/24 | Sold | $950,000 | -13.2% | $297 / Sq Ft |
| 01/30/2024 01/30/24 | Off Market | $1,095,000 | -- | -- |
| 09/27/2023 09/27/23 | Off Market | $1,095,000 | -- | -- |
| 07/12/2023 07/12/23 | Pending | -- | -- | -- |
| 06/22/2023 06/22/23 | For Sale | $1,095,000 | -- | $342 / Sq Ft |
Source: Real Estate Board of New York (REBNY)
Tax History Compared to Growth
Agents Affiliated with this Home
-
Jess Prichard
Map
Source: Real Estate Board of New York (REBNY)
MLS Number: RLS10929726
APN: 04613-0029
Disclaimer: Certain information contained herein is derived from information provided by parties other than Homes.com. All information provided is deemed reliable, but is not guaranteed to be accurate and should be independently verified.
This information is not verified for authenticity or accuracy and is not guaranteed and may not reflect all real estate activity in the market. ©2025 The Real Estate Board of New York, Inc., All rights reserved.
RLS Data display by Homes.com LLC
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