Attention Investors!!!

A solid brick four-story wlk-up, legal 16-families building in one of Bath Beachs 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. Brand 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 appr ox $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. Convenient for all. Ask listing agent for rent roll.

Request Information
on 8699 Bay Pkwy
in Brooklyn, NY
Presented by Kelly Wu at
RE MAX Edge.


Property MLS #479171 from Brooklyn

+ Reveal additional info including schools and tax history

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+ Bedrooms

Bedrooms: 35

+ Bathrooms

Total Bathrooms: 16.00
Full Bathrooms: 16

+ Other Rooms

Basement Features: Finished, Full, Semi-Finished

+ Heating and Cooling

Cooling Features: 5+
Heating Features: Gas
Water Heaters: Gas

+ Interior Features

Flooring: Hardwood, Tile

+ Exterior and Lot Features

Brick
Yard: Back

+ Land Info

Lot Size Acres: 0.1109734
Lot Size Square Feet: 4834

+ Rental Info

Gross Income: 334300

+ Other Property Info

A/C Unit
Dishwasher
Microwave
Refrigerator
Stove
Annual Tax Amount: 50277.00
Source Listing Status: Active
County: Kings (Brooklyn)
Cross Street: Benson Ave
Source Property Type: Residential
Area: Bath Beach
Source Neighborhood: Bath Beach
Zoning: R6
Property Subtype: Multi-Family
Lot Number: 35
Source System Name: C2C
+ Reveal Property Sale History

Price Changed 2024-02-05
$3,980,000
Brooklyn

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Listed 2024-01-12
$4,080,000
Brooklyn

+ Building and Construction

Total Square Feet Living: 15000
Year Built: 1913
Building Area Total: 3750
Building Exterior Type: Attached
Building Features: Storage rooms
Construction Materials: Brick
Foundation Details: Poured Concrete
Property Age: 111
Roof: Flat
Levels or Stories: 4

+ Utilities

Electric: 110 V

+ Display Complete School Details

Is 281 Joseph B Cavallaro is a public middle school located approximately 0.4 miles away.
Map directions

Ps 200 Benson School is a public elementary school located approximately 0.4 miles away.
Map directions

East Academy of Science & Technology is a private high school located approximately 0.1 miles away.
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New Utrecht High School is a public high school located approximately 1 miles away.
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