About 8699 Bay Parkway # 16
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 of 8699 Bay Parkway # 16
| MLS® # | 3439906 |
|---|---|
| Price | $3,980,000 |
| Bedrooms | 35 |
| Bathrooms | 16.00 |
| Full Baths | 16 |
| Square Footage | 15,000 |
| Acres | 0.11 |
| Year Built | 1913 |
| Type | Residential |
| Sub-Type | Multi Family |
| Style | Other |
| Status | Active |
Community Information
| Address | 8699 Bay Parkway # 16 |
|---|---|
| City | Bath Beach |
| County | Brooklyn |
| State | NY |
| Zip Code | 11214 |
Additional Information
Listing Details
| Office | RE/MAX Edge |
|---|---|
| Office Contact | 718-288-3835 |