8699 Bay Parkway Unit 16
Bath Beach, NY 11214

  • 35 beds
  • 16 baths
  • 15,000 sqft
  • 4,834 sqft lot
  • $265 per sqft
  • 1913 build
  • on site

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.

OneKey MLS logo Listing courtesy of ONEKEY / RE/MAX Edge

Last checked: Checking… • Last updated Apr 17, 2024 •

MLS# 3439906 —

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Walk Score®

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Sale history

Date Event Source Price % Change
2/5/24
Price Changed ONEKEY $3,980,000 -9.1%
12/31/23
Listed / Active ONEKEY $4,380,000

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Listing provided by broker:

Kelly Wu

RE/MAX Edge

718-288-3835

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8699 Bay Parkway Unit 16

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This multifamily located in Southern Brooklyn, Brooklyn, NY 11214 is currently for sale for $3,980,000. 8699 Bay Parkway Unit 16 is a 15,000 square foot multifamily with 35 beds and 16 baths that has been on Estately for 119 days. 8699 Bay Parkway Unit 16 is in the Southern Brooklyn neighborhood of Brooklyn and has a WalkScore® of 92, making it a walker’s paradise. This multifamily is in the attendance area of I.S. 281 Joseph B Cavallaro, P.S. 200 Benson, Life Academy High School For Film And Music, High School Of Sports Management, Lafayette High School, John Dewey High School, Liberation Diploma Plus High School, Rachel Carson High School Of Coastal Studies, William E. Grady Career And Technical Education High School, and Edward R. Murrow High School.

OneKey MLS logo Listing Courtesy of: ONEKEY and RE/MAX Edge.

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