Courtesy of: Kelly Wu, RE/MAX Edge, kellywu2368@gmail.com
Courtesy of: Kelly Wu, RE/MAX Edge, kellywu2368@gmail.com
$3,980,000
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35 bed
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16.00 Bath (16 Full Bath)
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Lot: 4,834.00 Square Feet
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Single Family Attached
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$3,980,000
8699 Bay Parkway 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.
Courtesy of: Kelly Wu, RE/MAX Edge, kellywu2368@gmail.com
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