8699 Bay Parkway

Gravesend

$3,980,000
Price
Beds
16
Baths
15,000 Sq. Ft.
$265 / Sq. Ft.
15,000
Sq. Ft.
$265
per Sq. Ft.

Description

This is a rare chance to own a legal 16-unit brick walk-up building located in the highly sought-after area of Bath Beach. The building sits on a large 52x97 lot and measures 50x75. It comprises 13 two-bedroom and 3 three-bedroom apartments, all in excellent condition or recently renovated. The building is conveniently situated just one block away from shopping, restaurants, banks, supermarkets, services, and public transportation. Currently, the building generates approximately $347,000 in rental...This is a rare chance to own a legal 16-unit brick walk-up building located in the highly sought-after area of Bath Beach. The building sits on a large 52x97 lot and measures 50x75. It comprises 13 two-bedroom and 3 three-bedroom apartments, all in excellent condition or recently renovated. The building is conveniently situated just one block away from shopping, restaurants, banks, supermarkets, services, and public transportation. Currently, the building generates approximately $347,000 in rental income, with around $96,500 in expenses. You don't want to miss out on this rare opportunity! Please call agent for more information!
  1. Listed by Hui L. (Nancy) Feng • Grandeur Realty, Inc. • Other

Amenities

  • Walk Up
  • Private Outdoor Space
  • Parking Included
  • Lowrise

Location

Listing Courtesy of Grandeur Realty, Inc.
Add your commute
LISTING UPDATED: 04/08/2024 02:27 PM

Property Details for 8699 Bay Parkway

StatusActive
MLS ID477897
Days on Market184
Taxes$50,278 / year
Maintenance-
Min. Down Pymt-
Total Rooms-
Compass TypeMulti Family
MLS TypeResidential
Year Built1913
Lot Size4,834 SF / 50' x 97'
CountyKings County

Building

8699 Bay Pkwy

16 Units4 StoriesBuilt in 1913

Location

Listing Courtesy of Grandeur Realty, Inc.
Add your commute

Building Information for 8699 Bay Parkway

Stories4Residences16Year Built1913Building Size50' x 75'Building Sq. Ft15,000 SFLot Size4,834 SF / 50' x 97'Building Age-Building Type-

Payment Calculator

$25,910 per month

30 year fixed, 7.25% Interest

Principal and Interest

$21,720

Property Taxes

$4,190

Maintenance/Common Charges

$0

The Payment Calculator is for illustrative purposes only.

Property Information for 8699 Bay Parkway

Summary
Location and General Information
  • Block: 6415
  • Cross Street Name: 68th St
  • Cross Street Name: 70th St
  • Zoning: R6
  • Roof: Flat
  • Residential Features: Other
Parking
  • Parking Attributes: Other
  • Parking Feature Single: Street
Taxes and HOA Information
  • Financing: 1031 Exchange, Bank Mortgage, Cash
  • Tax Amount: 50278.0
  • Gross Income: $337,000.00
Property
Lot Information
  • Sq Ft Total: 15000
  • Yard: Back
  • Lot Number: 35
  • Lot Size Irregular YN: No
  • Lot Size Length: 96
  • Lot Size Width: 50
Utilities
  • Heat Delivery: Steam/Radiator
  • Heating Fuel: Gas
  • AC Units: 0
  • Hot Water: Gas
Interior and Exterior Features
Interior Features
  • Basement Amenities: Semi-Finished
  • Baths Three Quarter: 0.0
  • Foundation Details: Poured Concrete
  • Flooring: Hardwood, Tile
  • Unit Count: 16
  • Building Amenities: NONE
  • Construction Materials: Brick
  • Electric: 110 V
Exterior Features
  • Exterior: Brick
  • Handicap Access YNU: Unknown
Multi Family
Multi-Family Information
  • Building Footprint Sq Ft: 3750.0
  • Building Length: 75.0
  • Building Type: Attached
  • Building Width: 50.0
Unit 1
  • Unit Baths Full: 1
  • Unit Baths Half: 0.0
  • Unit Baths Three Quarter: 0.0
  • Unit Baths Total: 1
  • Unit Bedrooms Total: 2
  • Unit Category: Apt
  • Unit Floor: A1
  • Unit Rooms Total: 3
  • Unit Status: Leased
  • Unit Unit Type: 2 Bedrooms
Unit 2
  • Unit Baths Full: 1
  • Unit Baths Half: 0.0
  • Unit Baths Three Quarter: 0.0
  • Unit Baths Total: 1
  • Unit Bedrooms Total: 2
  • Unit Category: Apt
  • Unit Floor: A2
  • Unit Rooms Total: 3
  • Unit Status: Leased
  • Unit Unit Type: 2 Bedrooms
Unit 3
  • Unit Baths Full: 1
  • Unit Baths Half: 0.0
  • Unit Baths Three Quarter: 0
  • Unit Baths Total: 1
  • Unit Bedrooms Total: 2
  • Unit Category: Apt
  • Unit Floor: A3
  • Unit Rooms Total: true
  • Unit Status: Leased
  • Unit Unit Type: 2 Bedrooms
Unit 4
  • Unit Baths Full: 1
  • Unit Baths Half: 0.0
  • Unit Baths Three Quarter: 0
  • Unit Baths Total: 1
  • Unit Bedrooms Total: 2
  • Unit Category: Apt
  • Unit Floor: A4
  • Unit Rooms Total: true
  • Unit Status: Leased
  • Unit Unit Type: 2 Bedrooms
Unit 5
  • Unit Baths Full: 1
  • Unit Baths Half: 0.0
  • Unit Baths Three Quarter: 0
  • Unit Baths Total: 1
  • Unit Bedrooms Total: 3
  • Unit Category: Apt
  • Unit Floor: B1
  • Unit Rooms Total: true
  • Unit Status: Leased
  • Unit Unit Type: 3 Bedrooms
Unit 6
  • Unit Baths Full: 1
  • Unit Baths Half: 0.0
  • Unit Baths Three Quarter: 0
  • Unit Baths Total: 1
  • Unit Bedrooms Total: 2
  • Unit Category: Apt
  • Unit Floor: B2
  • Unit Rooms Total: true
  • Unit Status: Leased
  • Unit Unit Type: 2 Bedrooms
Unit 7
  • Unit Baths Full: 1
  • Unit Baths Half: 0.0
  • Unit Baths Three Quarter: 0
  • Unit Baths Total: 1
  • Unit Bedrooms Total: 2
  • Unit Category: Apt
  • Unit Floor: B3
  • Unit Rooms Total: true
  • Unit Status: Leased
  • Unit Unit Type: 2 Bedrooms
Unit 8
  • Unit Baths Full: 1
  • Unit Baths Half: 0.0
  • Unit Baths Three Quarter: 0
  • Unit Baths Total: 1
  • Unit Bedrooms Total: 2
  • Unit Category: Apt
  • Unit Floor: B4
  • Unit Rooms Total: true
  • Unit Status: Leased
  • Unit Unit Type: 2 Bedrooms
Unit 9
  • Unit Baths Full: 1
  • Unit Baths Half: 0.0
  • Unit Baths Three Quarter: 0
  • Unit Baths Total: 1
  • Unit Bedrooms Total: 3
  • Unit Category: Apt
  • Unit Floor: C1
  • Unit Rooms Total: true
  • Unit Status: Leased
  • Unit Unit Type: 3 Bedrooms
Unit 10
  • Unit Baths Full: 1
  • Unit Baths Half: 0.0
  • Unit Baths Three Quarter: 0
  • Unit Baths Total: 1
  • Unit Bedrooms Total: 3
  • Unit Category: Apt
  • Unit Floor: C2
  • Unit Rooms Total: true
  • Unit Status: Leased
  • Unit Unit Type: 2 Bedrooms
Unit 11
  • Unit Baths Full: 1
  • Unit Baths Half: 0.0
  • Unit Baths Three Quarter: 0
  • Unit Baths Total: 1
  • Unit Bedrooms Total: 3
  • Unit Category: Apt
  • Unit Floor: C3
  • Unit Rooms Total: true
  • Unit Status: Leased
  • Unit Unit Type: 2 Bedrooms
Unit 12
  • Unit Baths Full: 1
  • Unit Baths Half: 0.0
  • Unit Baths Three Quarter: 0
  • Unit Baths Total: 1
  • Unit Bedrooms Total: 2
  • Unit Category: Apt
  • Unit Floor: C4
  • Unit Rooms Total: true
  • Unit Status: Leased
  • Unit Unit Type: 2 Bedrooms
Unit 13
  • Unit Baths Full: 1
  • Unit Baths Half: 0.0
  • Unit Baths Three Quarter: 0
  • Unit Baths Total: 1
  • Unit Bedrooms Total: 3
  • Unit Category: Apt
  • Unit Floor: D1
  • Unit Rooms Total: true
  • Unit Status: Leased
  • Unit Unit Type: 3 Bedrooms
Unit 14
  • Unit Baths Full: 1
  • Unit Baths Half: 0.0
  • Unit Baths Three Quarter: 0
  • Unit Baths Total: 1
  • Unit Bedrooms Total: 2
  • Unit Category: Apt
  • Unit Floor: D2
  • Unit Rooms Total: true
  • Unit Status: Leased
  • Unit Unit Type: 2 Bedrooms
Unit 15
  • Unit Baths Full: 1
  • Unit Baths Half: 0.0
  • Unit Baths Three Quarter: 0
  • Unit Baths Total: 1
  • Unit Bedrooms Total: 2
  • Unit Category: Apt
  • Unit Floor: D3
  • Unit Rooms Total: true
  • Unit Status: Leased
  • Unit Unit Type: 2 Bedrooms
Agent
Sale and Listing
  • Sale Type: Arm's Length
Rental
Rental Information
  • Insurance Expense: 7200.0
  • Owner Occupied: No

Property History for 8699 Bay Parkway

DateEvent & SourcePriceAppreciationLink
DateEvent & SourcePrice

For completeness, Compass often displays two records for one sale: the MLS record and the public record.

Schools near 8699 Bay Parkway

This home is within Nyc Geog District #20 - Brooklyn.
Rating
School
Type
Grades
Distance
Public - PK to 5
Public - 6 to 8
Public - 6 to 12
Public - K to 8
Rating
School
Distance
P.S. 200 Benson School
PublicPK to 5

Is 281 Joseph B Cavallaro
Public6 to 8

Brooklyn School Of Inquiry
PublicK to 8

School ratings and boundaries are provided by GreatSchools.org and Pitney Bowes. This information should only be used as a reference. Proximity or boundaries shown here are not a guarantee of enrollment. Please reach out to schools directly to verify all information and enrollment eligibility.

Similar Homes

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8699 Bay Parkway is a multi-family home for sale in Gravesend. This property was listed for sale on October 28, 2023 by Grandeur Realty, Inc., it's currently listed at $3,980,000. It has been on the market for a total of 184 days and was last sold on September 23, 2009. This listing's school district is Nyc Geog District #20 - Brooklyn. Nearby schools include P.S. 200 Benson School, Is 281 Joseph B Cavallaro and Urban Assembly School for Leadership and Empowerment. 8699 Bay Parkway is a 0-bed, 16-bath, 15,000 sqft multi-family home built in 1913.

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Listing Courtesy of Grandeur Realty, Inc.

This information is not verified for authenticity or accuracy and is not guaranteed and may not reflect all real estate activity in the market. ©2024 The Real Estate Board of New York, Inc., All rights reserved. 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. This information is provided exclusively for consumers’ personal, non-commercial use. The data relating to real estate for sale on this website comes in part from the IDX Program of OneKey® MLS. Information Copyright 2024, OneKey® MLS. All data is deemed reliable but is not guaranteed accurate by Compass. See Terms of Service for additional restrictions. Compass · Tel: 212-913-9058 · New York, NY Listing information for certain New York City properties provided courtesy of the Real Estate Board of New York’s Residential Listing Service (the "RLS"). The information contained in this listing has not been verified by the RLS and should be verified by the consumer. The listing information provided here is for the consumer’s personal, non-commercial use. Retransmission, redistribution or copying of this listing information is strictly prohibited except in connection with a consumer's consideration of the purchase and/or sale of an individual property. This listing information is not verified for authenticity or accuracy and is not guaranteed and may not reflect all real estate activity in the market. ©2024 The Real Estate Board of New York, Inc., all rights reserved. This information is not guaranteed, should be independently verified and may not reflect all real estate activity in the market. Offers of compensation set forth here are for other RLSParticipants only and may not reflect other agreements between a consumer and their broker.©2024 The Real Estate Board of New York, Inc., All rights reserved.