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8699 Bay Parkway Unit 16 Bath Beach, NY 11214
$3,980,000
  • For Sale
  • 35 Bedrooms
  • 16 Full Baths
  • 15000 SqFt
  • Year Built 1913
  • Multi Family
  • ML# 3439906

Property Details

Overview

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.

Key Facts

  • SqFt: 15000.00
  • Style: Other
  • Lot Size: 0.11
  • Lot Sq Ft: 4834
  • Taxes: $49,375
  • School District#: 20
  • School District: Community District 20
  • Zoning: R6
  • Block: 6415
  • Lot: 35

Additional Features

  • Construction Materials: Brick
  • Garage: 0.0
  • Parking Spaces: Yes
  • Parking Facilities: On Street
  • Wood Floors: Yes

Rooms & Floor Plans

  • Bedroom: 35
  • Full Bath: 16

Interior & Utilities

  • Washer: Yes
  • Dryer: Yes
  • Refrigerator: Yes
  • Dishwasher: Yes
  • Heat: Natural Gas, Hot Water, Steam
  • Water: See Remarks
  • Sewer: Other

Financial

  • Taxes: $49,375
Listing Information provided courtesy of RE/MAX Edge  718-288-3835
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