Buy with Yoreevo
$3,953,467
List Price: $3,980,000
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8699 Bay Parkway #16
House in Gravesend •  building info
35bd • 16ba • 15,000ft² $265 per ft²
Buy with Yoreevo

$3,953,467

List Price

$3,980,000

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James McGrath
(212) 365-0151 • 
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Key Details
Days on market
119
Last price change
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Estimated payment
$26,756
Taxes
Monthly maintenance
N/A
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 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.

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Important Stuff
Washer/Dryer in unit
Listing Amenities
Hardwood floors
Dishwasher
Building Amenities
Bike Room
Fios Available
Parking Available
History
What it'll cost
Purchase price
$3,980,000
Asking Price: $3,980,000
Term
30 Years
Down Payment
$398,000 (10%)
Min: 10% (398,000)
Rate
6.5 %
Mortgage Amount
$3,582,000
Mortgage Payment
$22,641
Taxes
$4,115
Estimated Yoreevo rebate
$26,533
Estimated closing cost
$152,000
Total monthly cost $26,756
Buy your dream home with us and get an estimated
$26,533 rebate.
Rebates vary by sale price, market and are subject to a minimum commission.
Listing Courtesy of RE/MAX Edge

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