Bath Beach Real Estate

8699 Bay Parkway, Bath Beach, NY 11214

[Bath Beach Real Estate, listing number 7039810]

Description: 7039810
   Attention Investors!!! A solid brick four-story walk-up, legal 16-families building in one of Bath Beachâ??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. 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!

   Families: 16
   Property Type: Multi-Family
   Built: 1913

   Price: $4,380,000


Kelly Wu
Office: (718)612-3088

provided by Brooklyn Bd of Realtors

Visit Website