Bath Beach Real Estate

8699 Bay Parkway, Bath Beach, NY 11214

[Bath Beach Real Estate, listing number 7079117]



Description: 7079117
   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. 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. Convenient for all. Ask listing agent for rent roll.

Details:
   Families: 16
   Bedrooms: 35
   Bathrooms: 16
   Property Type: Multi-Family
   Built: 1913

Financials:
   Price: $3,980,000

 

RE/MAX Edge
Kelly Wu
Office: (718)612-3088

email: kellywu2368@gmail.com
provided by Brooklyn Bd of Realtors

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