8699 Bay Parkway, Unit 16 Bath Beach NY, 11214 Community District 20 SD# 20
$3,980,000
35 Beds / 16 Full Baths | ML# 3439906
Property Picture

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.

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    Bon Anno Real Estate Licensed Real Estate Broker (516)420-9055 RussBonanno@Bonannorealty.com