8699 Bay Parkway

Gravesend

$3,980,000
Price
35
Beds
16
Baths
15,000 Sq. Ft.
$265 / Sq. Ft.
15,000
Sq. Ft.
$265
per Sq. Ft.

Description

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...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.
  1. Listed by Kelly Wu • RE/MAX Edge • Other

Amenities

  • Walk Up
  • Voice Intercom
  • Basement
  • Private Outdoor Space
  • Parking Included
  • Lowrise

Location

Listing Courtesy of RE/MAX Edge
Add your commute
LISTING UPDATED: 04/25/2024 02:17 PM

Property Details for 8699 Bay Parkway

StatusActive
MLS ID479171
Days on Market122
Taxes$50,277 / year
Maintenance-
Min. Down Pymt-
Total Rooms51.0
Compass TypeTownhouse
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 RE/MAX Edge
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: Benson Ave
  • Cross Street Name: Bath Ave
  • Zoning: R6
  • Roof: Flat
  • Residential Features: A/C Unit, Dishwasher, Microwave, Refrigerator, Stove
Parking
  • Parking Attributes: Other
  • Parking Feature Single: Street
Taxes and HOA Information
  • Financing: 1031 Exchange, Bank Mortgage, Cash
  • Tax Amount: 50277.0
  • Gross Income: $334,300.00
Property
Lot Information
  • Sq Ft Total: 15000
  • Yard: Back, Other
  • Lot Number: 35
  • Lot Size Irregular YN: No
  • Lot Size Length: 97
  • Lot Size Width: 50
Utilities
  • Heat Delivery: Steam/Radiator
  • Heating Fuel: Gas
  • AC Units: 5+
  • Hot Water: Gas
Interior and Exterior Features
Interior Features
  • Basement Amenities: Finished, Full, Semi-Finished
  • Baths Three Quarter: 0.0
  • Foundation Details: Poured Concrete
  • Flooring: Hardwood, Tile, Other
  • Unit Count: 16
  • Building Amenities: Storage rooms
  • 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 Current Rent: 2000.0
  • 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 Current Rent: 1079.0
  • 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 Current Rent: 1970.0
  • 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 Current Rent: 1636.0
  • 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 Current Rent: 2253.0
  • 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 Current Rent: 1200.0
  • 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 Current Rent: 1800.0
  • 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 Current Rent: 1825.0
  • 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 Current Rent: 1928.0
  • 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: 2
  • Unit Category: Apt
  • Unit Current Rent: 1812.0
  • 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: 2
  • Unit Category: Apt
  • Unit Current Rent: 1800.0
  • 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 Current Rent: 1164.0
  • 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 Current Rent: 2100.0
  • 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 Current Rent: 1421.0
  • 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 Current Rent: 2020.0
  • 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
  • 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.

Neighborhood Map and Transit

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8699 Bay Parkway is a townhouse for sale in Gravesend. This property was listed for sale on January 12, 2024 by RE/MAX Edge, it's currently listed at $3,980,000. It has been on the market for a total of 122 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 35-bed, 16-bath, 15,000 sqft townhouse built in 1913.

No guarantee, warranty or representation of any kind is made regarding the completeness or accuracy of descriptions or measurements (including square footage measurements and property condition), such should be independently verified, and Compass expressly disclaims any liability in connection therewith. Photos may be virtually staged or digitally enhanced and may not reflect actual property conditions. No financial or legal advice provided. Equal Housing Opportunity.

Listing Courtesy of RE/MAX Edge

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.