Attention Investors!!!

A solid brick four-story walk-up, legal 16-families building in one of Bath Beach's most convenient locations. This incredible p roperty 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 bsement. Pristine 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.

Request Information
on 8699 Bay Pkwy Unit 16
in Brooklyn, NY
Presented by Kelly Wu at
RE MAX Edge.


Property MLS #3439906 from OneKeyMLS

+ Reveal additional info including schools and tax history

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+ Bedrooms

Bedrooms: 35

+ Other Rooms

Total Rooms: 48
Basement Features: Partially Finished
Basement Description: Partially Finished

+ Bathrooms

Total Bathrooms: 16
Full Bathrooms: 16

+ Appliances

Dishwasher
Dryer
Refrigerator
Washer

+ Heating and Cooling

Heating Features: Natural Gas, Hot Water, Steam

+ Interior Features

Flooring: Hardwood

+ Land Info

Lot Size Acres: 0.1109734
Lot Size Dimensions: 50x96.67
Lot Size Square Feet: 4834

+ Garage and Parking

Parking Features: On Street

+ Homeowners Association

Association: No
Calculated Total Monthly Association Fees: 0

+ School Information

Elementary School: Ps 200 Benson School
Elementary School District: Brooklyn 20
High School: New Utrecht High School
High School District: Brooklyn 20
Middle School: Jhs 201 Dyker Heights (The)
Middle or Junior School District: Brooklyn 20
+ 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.
Map directions

New Utrecht High School is a public high school located approximately 1 miles away.
Map directions

+ Multi-Unit Info

Number of Units: 16

+ Other Property Info

Annual Tax Amount: 49375.00
Tax Block: 6415
Source Listing Status: Active
County: Brooklyn
Cross Street: Benson Ave
Directions: Follow GPS
List Price Low: 3980000
Source Property Type: Residential Income
Number of Separate Electric Meters: 17
Number of Separate Gas Meters: 17
Parcel Number: 06415-0035
Township: Brooklyn
Zoning Description: R6
Property Subtype: Multi Family
Source System Name: C2C
+ Reveal Tax History

Year	Assessments Building + Land Total	Tax
2022	$387,000 + $31,050 $418,050	$49,253
2021	$351,000 + $31,050 $382,050	$46,866
2020	$390,600 + $31,050 $421,650	$47,698
2019	$374,400 + $31,050 $405,450	$46,436
2018	$359,550 + $31,050 $390,600	$43,893
2017	$326,700 + $31,050 $357,750	$40,396
2016	$305,550 + $31,050 $336,600	$35,817
2015	$319,500 + $31,050 $350,550	$30,841
2014	$273,600 + $31,050 $304,650	$25,650
2013	$207,450 + $31,050 $238,500	$21,945
2012	$127,800 + $31,050 $158,850	$20,371
2010	$128,718 + $31,122 $159,840	$20,020
2009	$136,440 + $31,140 $167,580	$20,139
2007	$168,660 + $31,140 $199,800	$21,094

+ Reveal Property Sale History

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

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Listed 2024-01-01
$4,380,000
OneKeyMLS

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Sold 2009-10-07
$1,630,000
Public Record

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Sold 1986-07-10
$552,000
Public Record

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Sold 1984-08-01
$164,500
Public Record

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Sold 1981-04-01
$30,000
Public Record

+ Building and Construction

Total Square Feet Living: 15000
Year Built: 1913
Common Walls: 2+ Common Walls
Construction Materials: Brick
Property Age: 111
Property Attached: Yes
Year Built Source: Estimated