8699 Bay Parkway # 16

Bath Beach, NY 11214

About this property

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.

Features and Additional Information

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$3,980,000 Active
15,000 SQFT

Presented By Smitchger Realty

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Area Information

| Brooklyn County |

$ 3,980,000
This listing is play_arrow 611.4% higher than the average in the area
$ 559,500 in the area
15,000 SqFt
This listing is play_arrow 2047.5% larger than the average in the area
699 SqFt in the area
$ 265 $/SqFt
This listing is play_arrow 66.9% less than the average in the area
$ 802 $/SqFt in the area
573 days on site
This listing is play_arrow 207.2% above the average in the area
187 days on site in the area

Schools in the Area

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    Elementary School
    Ps 200 Benson School
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    Middle School
    Jhs 201 Dyker Heights (The)
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    High School
    New Utrecht High School

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Listed By Kelly Wu
Brokerage: RE/MAX Edge

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