8699 Bay Parkway

Multi-Family Townhouse For Sale  • 
Bath Beach
Web ID # 479171 (58393) MLS

$ 3,980,000

16 Families • 35 Beds • 16 Baths • 15,000 ft2  
Tax (Annually): $50,277

Building & Unit Features

  • Bicycle Room
  • Dishwasher
  • Hardwood
  • 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. Convenient for all. Ask listing agent for rent roll.
    Stories: 4
    Building Size: 50 X 75
    Basement: Finished/Full/Semi-Finished
    Yard: Back
    Flooring: Tile
    Exterior: Brick
    Construction: Brick
    Foundation: Poured Concrete
    Roof: Flat
    Heat Delivery: Steam/Radiator

    Listing Courtesy Of RE/MAX Edge

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    Estimated Monthly Costs


    $20,125
    Est. Mortgage
    $4,190
    Real Estate Tax
    $24,315
    Monthly Total*
    * The estimated monthly costs provided by this caculator are for illustrative purposes only, with no guarantee regarding accuracy.
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    Nearby Subways

    • D Bay Pkwy & 86th St (~0.17 mile)


    IDX Information

    IDX information is provided exclusively for consumers' personal, non-commercial use. This information may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. This data is deemed reliable but is not guaranteed accurate by the MLS.