Price Reduced 9.13%
Price History
$4,380,000
10/27/2022
$3,980,000
2/5/2024
8699 Bay Parkway, #16, Brooklyn, NY, 11214
48 rooms
35 beds
16 Full baths
1913
Other
15,000 sqft
Attention Investors!!! A solid brick four-story walk-up, legal 16-families building in one of Bath Beach's most convenient locations. This incredible property is approximately 15,000 sq ft with tremendous income potential! 3 three-bedrooms and 13 two-bedrooms. All oversized two-bedrooms can be easily converted to three-bedrooms. Most units were recently renovated. Enjoy multiple large storage rooms in the basement. New boiler and water heater. Building size 50*75 on Lot size 52*97. Annual property tax $50,277. Zoning R6. Perfect for Investment. Total annual income approx $334,299.96. Total Expenses approx $94,097.00. Total net operating income $240,202.96. Cap Rate 6%. A block away from 86th St business district, short distance to D train Bay Pkwy.
Status:
Active
Type:
Multi-family
Units:
16
Zoning:
R6
Garage:
On Street
Heating:
Natural Gas, Hot Water, Steam
Basement:
Partially Finished
Acreage:
0.11
Est. Taxes:
$49,375
Construction
Brick
Elementary School:
Ps 200 Benson School
Middle School:
Jhs 201 Dyker Heights (The)
High School:
New Utrecht High School
School District:
Community District 20
Appliances:
Dishwasher, Dryer, Refrigerator, Washer
MLS #:
3439906
Community Info
School Info
Walk Score
Mass Transit
Yelp
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Listing courtesy of RE/MAX Edge 718-288-3835