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.
This property is $3.1M more than the Median Sold Price and $372/SqFt less than other homes in New York, NY.
Based on homes sold in the last 12 months
MLS Details
MLS Information:
MLS Name: ONEKEY
MLS Number: #3439906
Listing Office:
Office Name: RE/MAX Edge
Office Phone: (718) 288-3835
Listings courtesy of OneKey MLS as distributed by MLS GRID.
All data is obtained from various sources and may not have been verified by broker or MLS GRID. Supplied Open House Information is subject to change without notice. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information.
The data relating to real estate for sale on this web site comes in part from the Broker Reciprocity Program of the OneKey™ MLS. Real Estate listings held by brokerage firms other than this broker are marked with the Broker Reciprocity logo and detailed information about them includes the name of the listing brokers. This information is provided exclusively for consumers’ personal, non-commercial use, that it may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing.
The source of the displayed data is either the property owner or public record provided by non-governmental third parties. It is believed to be reliable but not guaranteed.
Information Copyright 2024, OneKey™ MLS. All Rights Reserved. Data displayed may be a portion of, and not a complete set of all listings published in the MLS.
This advertisement does not suggest that the broker has a listing in this property or properties or that any property is currently available. Last updated on: 4/26/2024, 10:11:15 AM Eastern. If you have any questions regarding the accuracy of this data, please contact us at help@rockethomes.com.
Property Sales & Tax
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Schools
Schools Nearby
The school rating is a score out of 10, where 10 is the highest and 1 is the lowest. Assigned schools have a bold outline.
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Nearby Schools
10
/10
PS 101 The Verrazano
2360 Benson Ave
Distance between this listing and this school0.25 miles
Public District Grades KG-5
6
/10
PS 128 Bensonhurst
2075 84th St
Distance between this listing and this school0.37 miles
Public District Grades PK-5
6
/10
PS 200 Benson School
1940 Benson Ave
Distance between this listing and this school0.39 miles
Public District Grades PK-5
Nearby Schools
9
/10
Intermediate School 281 Joseph B Cavallaro
8787 24th Ave
Distance between this listing and this school0.38 miles
Public District Grades 6-8
9
/10
PS 163 Bath Beach
109 Bay 14th St
Distance between this listing and this school0.79 miles
Public District Grades KG-8
7
/10
Intermediate School 96 Seth Low
99 Avenue P
Distance between this listing and this school0.80 miles
Public District Grades 6-8
Nearby Schools
6
/10
Brooklyn Studio Secondary School
8310 21st Ave
Distance between this listing and this school0.36 miles
Public District Grades 6-12
7
/10
Kingsborough Early College School
2630 Benson Ave
Distance between this listing and this school0.65 miles
Public District Grades 6-12
1
/10
International High School At Lafayette
2630 Benson Ave
Distance between this listing and this school0.65 miles
The neighbors living near this home have an average income of $36,563. The most common annual income of people living in New York, NY is less than $35k. Residents typically live in single, no kids family. The majority of residents in this area have high school diploma education.
All data provided by Home Junction and Claritas
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This home is located at 8699 Bay Pkwy Unit 16 in Bath Beach, NY and zip code 11214 in the Bath Beach neighborhood. This 15,000 square foot home, which was built in 1913, sits on a 0.11 acre lot. Features: 35 bedrooms, 16 bathrooms. It has been listed on Rocket Homes since October 27, 2022 and is currently priced at $3,980,000.
New York, NY housing market in March 2024 saw over 154 listings sold above listed price, more than 645 sold at listed price and over 748 sold below. The number of homes for sale in New York, NY increased by 3.7% between February 2024 and March 2024. In March 2024, listings were on the market for 96 days. During the same period, the median list price in this real estate market was $845,489.
From Rocket Homes Real Estate and based on county public records data.
Listings courtesy of OneKey MLS as distributed by MLS GRID.
The data relating to real estate for sale on this web site comes in part from the Broker Reciprocity Program of the OneKey™ MLS. Real Estate listings held by brokerage firms other than this broker are marked with the Broker Reciprocity logo and detailed information about them includes the name of the listing brokers. This information is provided exclusively for consumers’ personal, non-commercial use, that it may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. 
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