8699 Bay Parkway # 16, Bath Beach

$3,980,000

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35 Beds
16 Baths
15,000 Sqft
.11 Acres
0 Garages

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.

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Essential Information
MLS® #3439906
Price$3,980,000
Bedrooms35
Bathrooms16.00
Full Baths16
Square Footage15,000
Acres0.11
Year Built1913
TypeResidential Income
Sub-TypeMulti Family
StyleOther
StatusActive
Community Information
Address8699 Bay Parkway # 16
CityBath Beach
CountyBrooklyn
StateNY
Zip Code11214
Amenities
ParkingOn Street
Interior
InteriorHardwood
HeatingNatural Gas, Hot Water, Steam
Has BasementYes
BasementPartially Finished
Appliances

Dishwasher, Dryer, Refrigerator, Washer

Exterior
ConstructionBrick
School Information
DistrictBrooklyn 20
ElementaryPs 200 Benson School
MiddleJhs 201 Dyker Heights (The)
HighNew Utrecht High School
Additional Information
Date ListedOctober 27th, 2022
Days on Market550
ZoningR6
Listing Details
Listing Courtesy ofRE/MAX Edge
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Listing information last updated on April 29th, 2024 at 2:40pm CDT.