8699 Bay Parkway, Unit 16

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.
  1. Listed by Kelly Wu • RE/MAX Edge
    P: 718-288-3835 C: 917-916-2368 KellyWu2368@gmail.com

Property Details for 8699 Bay Parkway, Unit 16

Township
Brooklyn
Architectural Style
Other
Zoning Description
R6
Garage Spaces
.00
Section Area
Benson Ave
Offer Presentation
Can be Present

Location

Listing Courtesy of RE/MAX Edge
Add your commute
LISTING UPDATED: 04/16/2024 09:57 PM

Property Details for 8699 Bay Parkway, Unit 16

StatusActive
MLS ID3439906
Days on Market549
Taxes$49,375 / year
Maintenance-
Min. Down Pymt-
Total Rooms48.0
Compass TypeMulti Family
MLS TypeMulti Family
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, Unit 16

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

Payment Calculator

$25,835 per month

30 year fixed, 7.25% Interest

Principal and Interest

$21,720

Property Taxes

$4,115

Maintenance/Common Charges

$0

The Payment Calculator is for illustrative purposes only.

Property Information for 8699 Bay Parkway, Unit 16

Summary
Location and General Information
  • Senior Community YN: No
  • MLS Area Minor: 13
  • Directions: Follow GPS
  • Tax Block: 6415
  • Tax Lot: 35
  • Year Built Source: Estimated
  • Property Attached: Yes
  • Structure Type: true
  • New Construction YN: No
  • Flood Zone Report: 1
  • Flood Zone Date: 2022-10-28
  • Square Footage Source: Floor Plan
  • Lot Size Source: Other
  • Country: US
  • State Or Province: NY
School Information
  • School District: Brooklyn 20
  • Elementary School District: Brooklyn 20
  • Elementary School: Ps 200 Benson School
  • Middle Or Junior School District: Brooklyn 20
  • Middle Or Junior School: Jhs 201 Dyker Heights (The)
  • High School District: Brooklyn 20
  • High School: New Utrecht High School
Rental
Rental
  • Lease Considered: No
Unit Information
Unit Information
  • Building Units Total: 16
Room Information
Room 1 Information
  • Room Level: First
  • Room Type: Bedroom
  • RoomDescription 1: A1
Room 2 Information
  • Room Level: First
  • Room Type: Bathroom
  • Room Description: A4
Room 3 Information
  • Room Level: First
  • Room Type: Bedroom
  • Room Description: A4
Room 4 Information
  • Room Level: First
  • Room Type: Bedroom
  • Room Description: A4
Room 5 Information
  • Room Level: Second
  • Room Type: Bedroom
  • Room Description: B1
Room 6 Information
  • Room Level: Second
  • Room Type: Bedroom
  • Room Description: B1
Room 7 Information
  • Room Level: Second
  • Room Type: Bedroom
  • Room Description: B1
Room 8 Information
  • Room Level: Second
  • Room Type: Bathroom
  • Room Description: B1
Room 9 Information
  • Room Level: Second
  • Room Type: Bathroom
  • Room Description: B2
Room 10 Information
  • Room Level: Second
  • Room Type: Bedroom
  • Room Description: B2
Room 11 Information
  • Room Level: Second
  • Room Type: Bedroom
  • Room Description: B2
Room 12 Information
  • Room Level: First
  • Room Type: Bedroom
  • Room Description: A1
Room 13 Information
  • Room Level: Second
  • Room Type: Bedroom
  • Room Description: B3
Room 14 Information
  • Room Level: Second
  • Room Type: Bedroom
  • Room Description: B3
Room 15 Information
  • Room Level: Second
  • Room Type: Bathroom
  • Room Description: B3
Room 16 Information
  • Room Level: Second
  • Room Type: Bedroom
  • Room Description: B4
Room 17 Information
  • Room Level: Second
  • Room Type: Bedroom
  • Room Description: B4
Room 18 Information
  • Room Level: Second
  • Room Type: Bathroom
  • Room Description: B4
Room 19 Information
  • Room Level: Third
  • Room Type: Bathroom
  • Room Description: C1
Room 20 Information
  • Room Level: Third
  • Room Type: Bedroom
  • Room Description: C1
Taxes and HOA Information
Taxes and HOA Information
  • Parcel Number: 06415-0035
  • Tax Map Number: 06415-0035
Interior and Exterior Features
Interior Features
  • Amenities: A/C Units, Dishwasher, Dryer, Hardwood Floors As Seen, Other, Refrigerator, See Remarks, Washer
  • Appliances: Dishwasher,Dryer,Refrigerator,Washer
  • Number Of Kitchens: 16.0
  • Total Rooms: 48
  • Living Area: 15000.0
  • Living Area Units: Square Feet
  • Basement: Partially Finished
  • Fireplaces Total: 0
  • Location Amenities: Other/See Remarks, Hardwood Floors As Seen
  • Common Walls: 2+ Common Walls
  • Flooring: Hardwood
  • Inclusions: A/C Units,Dishwasher,Dryer,Refrigerator,Washer
Exterior Features
  • Exterior Property Features: On Street
  • Elevation Certificate: No
  • Construction Materials: Brick
Lot Information
  • Lot Size Dimensions: 50x96.67
  • Building Area Units: Square Feet
Parking
  • Parking Features: On Street
  • Attached Garage: No
  • Garage: No
Utilities
  • Cooling: Yes
  • Heating: Natural Gas, Hot Water, Steam
  • Heat Fuel Type: Natural Gas, Hot Water, Steam
  • Hot Water: Gas Stand Alone
  • Number Of Separate Gas Meters: 17
  • Sewer: Other
  • Water Source: See Remarks
  • Number Of Separate Electric Meters: 17
Green Features
  • Green Features: Dishwasher, Dryer, Refrigerator, Washer, Natural Gas, Hot Water, Steam

Property History for 8699 Bay Parkway, Unit 16

DateEvent & SourcePriceAppreciation
DateEvent & SourcePrice

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

Public Records for 8699 Bay Parkway, Unit 16

Taxable ValueLand$31,050Additions$391,050Total$422,100
Home Facts
Total Finished SqFt15,000 SqFtLot Size4,839 SqFtYear Built1913ZoningR6APN3064150035

Schools near 8699 Bay Parkway, Unit 16

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, Unit 16 is a multi-family home for sale in Gravesend. This property was listed for sale on October 27, 2022 by RE/MAX Edge, it's currently listed at $3,980,000. 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, Unit 16 is a 35-bed, 16-bath, 15,000 sqft multi-family home 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.