8699 Bay Parkway Unit: 16

Bath Beach, NY, 11214

$4,380,000

$292 per ft²
$4,380,000
$292 per ft²
Active
Active
 - For Sale
beds
35 Beds
baths
16 Baths
carpenters-square
15,000 ft²
property_type
Multi-family
calendar
Built 1913
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. New boiler and water heater. Building size 50*75 on Lot size 52*97. Annual property tax $49,375. Zoning R6. Perfect for Investment. Current rent amount for each unit is A1: $1900, A2: $1079, A3: $1950, A4: $1612 , B1: $2222, B2: $1134, B3:$1800, B4: $1800, C1: $1900, C2: $1812, C3: $1800 C4: $1900, D1: $2000, D2: $1345, D3: $2000, D4: $1850. Total annual income approx $337,248. Total Expenses approx $84,875. Total net operating income $252,373. Cap Rate 5.76%. A block away from 86th St business district, short distance to D train Bay Pkwy. convenient to all. Won't last!
MLS® ID:
3439906
Listed:
10/26/22
Updated:
11/27/22
Johnson Real Estate Group
Kay Islam

Interior Features

Kitchen Appliances
Dishwasher, Dryer, Refrigerator, Washer
Total Bedrooms
35
Full Bathrooms
16
Floor Description
Hardwood
Heating
Natural Gas, Hot Water, Steam

Exterior/Building Features

Lot Size
4,834 ft² lot
Architectural Style
Other
Sewer
Other

School Information

School District
Brooklyn 20
High School
New Utrecht High School
Middle/Jr High
Jhs 201 Dyker Heights (The)
Elementary School
Ps 200 Benson School

Other Property Details

Taxes
$49375
Tax Frequency
per YEAR
Garage
No
Parking
On Street
View
N
County
Brooklyn
Water Source
See Remarks
Pool
No

 

Courtesy of RE/MAX Edge

All information deemed reliable but not guaranteed and should be independently verified. All properties are subject to prior sale, change or withdrawal. Neither listing broker(s) nor Kay Islam shall be responsible for any typographical errors, misinformation, misprints and shall be held totally harmless.

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Data last updated 12:56 AM UTC, 11/27/22

  

Johnson Real Estate Group
Kay Islam
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