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8699 Bay Parkway

BROOKLYN, NY 11214
  • $4,380,000
  • STATUS: Active
  • ON SITE: 93 Days
  • MLS #: 467668
UPDATED: 72 min ago
$4,380,000
  • 0
    BEDS
  • 0.11
    ACRES
  • 16
    BATHS
  • 0
    1/2 BATHS
  • 15,000
    SQFT
  • $292
    $/SQFT
Neighborhood:
Type:
Multi-Family
Built:
1913
Area:

School Ratings & Info

Description

Attention Investors!!! A solid brick four-story walk-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. New boiler and water heater. Building size 50*75 on Lot size 52*97. Annual property tax $49,375. Zoning R6. Perfect for Investment. Current rent amount for each unit is A1: $1900, A2: $1079, A3: $1950, A4: $1612 , B1: $2222, B2: $1134, B3:$1800, B4: $1800, C1: $1900, C2: $1812, C3: $1800 C4: $1900, D1: $2000, D2: $1345, D3: $2000, D4: $1850. Total annual income approx $337,248. Total Expenses approx $84,875. Total net operating income $252,373. Cap Rate 5.76%. A block away from 86th St business district, short distance to D train Bay Pkwy. convenient to all. Won't last!

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© 2023 Brooklyn New York Multiple Listing Service, Inc. All Rights Reserved. IDX information is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is deemed reliable but is not guaranteed accurate by the MLS or Citi Star Realty. Data last updated: 2023-01-29T20:00:31.913.
www.citistarrealtyinc.com/homes/134294898
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8699 Bay Parkway BROOKLYN, NY 11214

  • Price: $4,380,000
  • Status: Active
  • On Site: 93 Days
  • Updated: 72 min ago
  • MLS #: 467668
0
Beds
16
Baths
0
½ Baths
0.11
Acres
15,000
SQFT
$292
$/SQFT
1913
Built
Neighborhood:
Brooklyn
County:
Kings (Brooklyn)
Area:
Bath Beach
Property Description
Attention Investors!!! A solid brick four-story walk-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. New boiler and water heater. Building size 50*75 on Lot size 52*97. Annual property tax $49,375. Zoning R6. Perfect for Investment. Current rent amount for each unit is A1: $1900, A2: $1079, A3: $1950, A4: $1612 , B1: $2222, B2: $1134, B3:$1800, B4: $1800, C1: $1900, C2: $1812, C3: $1800 C4: $1900, D1: $2000, D2: $1345, D3: $2000, D4: $1850. Total annual income approx $337,248. Total Expenses approx $84,875. Total net operating income $252,373. Cap Rate 5.76%. A block away from 86th St business district, short distance to D train Bay Pkwy. convenient to all. Won't last!
Exterior Features

Building Length 75.00 Building Width 50.00 Construction Materials Brick Exterior Brick Lot Size Length 97 Lot Size Width 50 Parking Attributes Other Parking Feature Street Roof Flat Yard Back

Interior Features

Basement Amenities Semi-Finished Building Footprint Sq Ft 3750 Flooring HardwoodTile Foundation Details Poured Concrete Heat Delivery Steam/Radiator

Property Features

ACUnits 5+ Block 6415 Building Amenities Bike Rooms Construction Type Attached Cross Street Name Benson Ave Cross Street Name2 Bath Ave Electric 110 V Financing 1031 ExchangeBank MortgageCash Fuel Expense 12000.00 Gross Income 337248 Handicap Access Unknown Heating Fuel Gas Hot Water Gas Insurance Expense 6800.00 Lot Number 35 Lot Size Irregular YN 0 Miscellaneous Expense 900.00 Net Operating Income 252373.00 Number Of Families 16 Property Sub Type Multi-Family Property Type Residential Rent Income 337248 Residential Features A/C UnitA/C Unit - WindowDishwasherDryerRefrigeratorStoveWasher Sale Type Arm's Length Tax Amount 49375.00 Transaction Type Sale Zoning R6

Listing information © 2023 Brooklyn New York Multiple Listing Service, Inc.
Listing provided courtesy of Re/Max Edge: (718) 612-3088.


© 2023 Brooklyn New York Multiple Listing Service, Inc. All Rights Reserved. IDX information is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is deemed reliable but is not guaranteed accurate by the MLS or Citi Star Realty. Data last updated: 2023-01-29T20:00:31.913.
 
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