$16,500,000
Updated 3 years ago
Off Market

The Beacon Hill

125 96th Street

Fort Hamilton, Brooklyn | Shore Road & Marine Ave

43,182 Square FeetIncome Property

$16,500,000
floors / apts6 / 58
Lot Size125'x100'
Building TypeLow-Rise
RE Taxes$261,000
Price Per SF
$382

Building Amenities

  • Voice Intercom
  • Bike Storage
  • Elevator
  • FIOS
  • Garage
  • Laundry Room

Property Description for 125 96th Street

Introducing 125 96th Street a beautiful fully renovated 58 unit building right on the water in quiet BayRidge Brooklyn. 125 96th Street is over 43,000sqFt and multiple upgrades have been done in the last few years to make this a true turn key purchase. The building has fully upgraded heating & plumbing lines, an upgraded boiler, electric, sewer & water lines as well as a new roof. There is a full sized parking lot in the building with 14 spots as well as a CCTV setup through out the building. 125 96th Street also has a 3.25% assumable mortgage for a fantastic rate on an excellent property look no further. This is a diamond in the rough - a must see to understand the full scope of the benefits. If interested in a walk through or a full setup don't hesitate to reach out.

1,320,000 RR
931,200 NOI
5.64% Cap

Listing History for 125 96th Street

Now
10/08/2023
POM by Nathaniel J. Smith
Oxford Property Group
2023

Building Details for 125 96th Street

OwnershipIncome Property
Building TypeLow-Rise
Service LevelVoice Intercom
AgePost-War
AccessElevator
Year Built1963
Floors/Apts6/58
Learn More About the Building

Transit and Citi Bike

Subway

Bay Ridge-95 St
0.33 miles

Citi Bike

Shore Rd & 97 St
0.08 miles
96 St & Marine Ave
0.09 miles

Contact Agent

Contact Agent

Nathaniel Smith
FIND Real Estate

Fort Hamilton | Brooklyn

Quick Profile

Fort Hamilton has the unique distinction of being both a military base and a neighborhood in Brooklyn. Well, technically it’s a sub-neighborhood of Bay Ridge.

Named after founding father Alexander Hamilton, the neighborhood sits in the southwestern corner of Brooklyn and it’s about a square mile in size (give or take). Its boundaries are 86th Street to the north, Belt Parkway and Fort Hamilton military installation to the south, 7th Avenue to the east, and Shore Road to the west.

The area was originally inhabited by the Canarsie Indians and later settled by the Dutch in 1620. A few decades later, thanks to land grants from Governor Peter Stuyvesant, Cornelius Van Werckhoven from the Netherlands purchased what is now Bay Ridge and Fort Hamilton for a very small amount of money.

The area remained an isolated stretch of rural land until the electric trolley line was introduced to Brooklyn in 1892. The trolley connected various points of Brooklyn and Fort Hamilton soon flourished. .

Fort Hamilton and Bay Ridge experienced waves of immigration and just like other areas of New York City it became a true melting pot. Irish and Italians immigrants made their way to the neighborhood in the early part of the 20th century followed by Syrian and Lebanese immigrants in the 1950s. More recently, Asian and Arab-Americans call Fort Hamilton home.

Modern-day Fort Hamilton may not have the cool factor that other Brooklyn neighborhoods flaunt but there are many trade-offs. It offers tree-lined streets and friendly neighbors. Most residents will tell you it has a small-town feel with the added perk of affordable housing. Fort Hamilton’s proximity to the Verrazano-Narrows Bridge and access to Manhattan-bound trains make it a very commutable neighborhood.

All information furnished regarding property for sale, rental or financing is from sources deemed reliable, but no warranty or representation is made as to the accuracy thereof and same is submitted subject to errors, omissions, change of price, rental or other conditions, prior sale, lease or financing or withdrawal without notice. All dimensions are approximate. For exact dimensions, you must hire your own architect or engineer.
OLR ID: 88136TH