8699 Bay Parkway

New York NY 11214

15000 sq. ft.

4834 sq. ft.

Multi-Family

Currently for sale - view listing

Overview

Attention Investors!!! A solid brick four-story walk-up, legal 16-families building in one of Bath Beachs 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.