Home For Sale In Brooklyn, New York

Detailed Information

Type: Private
Price: $4,380,000
Location: 8699 Bay Pkwy Unit 16, Brooklyn, NY
Bathrooms: 10
Condition: Used

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. New boiler and water heater. Building size 50 75 on Lot size 52 97. Annual property tax $49, 375. Zoning R6. Perfect for Investment. Current rent amount for each unit is A1: $1900, A2: $1079, A3: $1950, A4: $1612 , B1: $2222, B2: $1134, B3: $1800, B4: $1800, C1: $1900, C2: $1812, C3: $1800 C4: $1900, D1: $2000, D2: $1345, D3: $2000, D4: $1850.

Total annual income approx $337, 248. Total Expenses approx $84, 875. Total net operating income $252, 373. Cap Rate 5.76%. A block away from 86th St business district, short distance to D train Bay Pkwy. convenient to all. Won't last! For more details: /homes_brooklyn-d523175/for-sale_i66818711

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