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  2. 8794 15th Avenue
  • 8794 15th Avenue
  • $ 3,198,000
8794 15th Avenue Bath Beach Brooklyn NY 11228
8794 15th Avenue Bath Beach Brooklyn NY 11228
8794 15th Avenue Bath Beach Brooklyn NY 11228
8794 15th Avenue Bath Beach Brooklyn NY 11228

8794 15th Avenue

Bath Beach   |   Bath Ave & Cropsey Ave

Building For Sale
$ 3,198,000
Ownership Multi-Family
Lot Size 60'x96'
Status Active
Real Estate Taxes [Per Annum] $ 50,602
Building Size 60'x78'
Year Built 1916
ASF/ASM 18,720/1,739
 

Photos

8794 15th Avenue Bath Beach Brooklyn NY 11228
8794 15th Avenue Bath Beach Brooklyn NY 11228

Maria Castellano

License Licensed As: Maria Castellano

Licensed Real Estate Broker/Owner


W: 718-236-1800
M: 917-318-1775
8794 15th Avenue Bath Beach Brooklyn NY 11228

Property Description

Introducing one-of-a-kind Brick 20-Family in the most desired neighborhood, Bath Beach of Brooklyn, NY. This gem has a building size of 60 x 78 sitting on a 60 x 97 lot. Total 18,720 living SF. This property features 20 apartments. Most of the units have been updated. 3 units with 3 bedrooms with a Kitchen and living room and Dining room (6 rooms); 9 units with 2 bedrooms and a Kitchen and living room and Dining room (5 rooms); 8 units with 1 bedroom and a Kitchen and living room and Dining room (4 rooms). This investment generates a gross income of $198,521/yr, with 10 leases for renewal ready with a boost of rent increase. The building offers a Cap Rate that is about 5%. This high-income building combines consistent cash flow with future growth potential. Other features include A super resident in the building, maintaining all apartments while keeping them in good condition. Nice and clean basement updated new roof, and most mechanical equipment updated in the last 10 years. The building is located on a beautiful tree-lined street, just a few minutes away from 86th St, restaurants, convenience stores, supermarkets, banks, shopping, Dyker Park, and Dyker Golf Course; Bus stations, and the Belt Parkway express to the city. Won't last!
Introducing one-of-a-kind Brick 20-Family in the most desired neighborhood, Bath Beach of Brooklyn, NY. This gem has a building size of 60 x 78 sitting on a 60 x 97 lot. Total 18,720 living SF. This property features 20 apartments. Most of the units have been updated. 3 units with 3 bedrooms with a Kitchen and living room and Dining room (6 rooms); 9 units with 2 bedrooms and a Kitchen and living room and Dining room (5 rooms); 8 units with 1 bedroom and a Kitchen and living room and Dining room (4 rooms). This investment generates a gross income of $198,521/yr, with 10 leases for renewal ready with a boost of rent increase. The building offers a Cap Rate that is about 5%. This high-income building combines consistent cash flow with future growth potential. Other features include A super resident in the building, maintaining all apartments while keeping them in good condition. Nice and clean basement updated new roof, and most mechanical equipment updated in the last 10 years. The building is located on a beautiful tree-lined street, just a few minutes away from 86th St, restaurants, convenience stores, supermarkets, banks, shopping, Dyker Park, and Dyker Golf Course; Bus stations, and the Belt Parkway express to the city. Won't last!

Listing Courtesy of Century 21 Realty First

Maria Castellano

License Licensed As: Maria Castellano

Licensed Real Estate Broker/Owner


W: 718-236-1800
M: 917-318-1775

Care to take a look at this property?

Apartment Features

A/C [Window Units]
Exposed Bricks
8794 15th Avenue Bath Beach Brooklyn NY 11228
8794 15th Avenue Bath Beach Brooklyn NY 11228

Building Details [8794 15th Avenue]

Ownership Multi-Family
Block/Lot 6426/52
Building Size 60'x78'
Zoning R4
Year Built 1916
Floors 4
Lot Size 60'x96'

Mortgage Calculator in [US Dollars]

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Loan Amount

Maria Castellano

License Licensed As: Maria Castellano

Licensed Real Estate Broker/Owner


W: 718-236-1800
M: 917-318-1775
BNYMLS All information furnished regarding this or any property listed for sale or rent is gathered from sources deemed reliable. Though we have no reason to doubt the accuracy or validity of this information, we make no warranty or representation as to the accuracy thereof and same is submitted subject to errors, omissions, change of price, rental or other conditions, prior sale, lease or withdrawal without notice. It is strongly recommended that the prospective purchaser or tenant shall carefully review each item of size, dimensions, real estate taxes, expenses, legal use and any other information presented herein.
All information furnished regarding property for sale, rental or financing is from sources deemed reliable, but no warranty or representation is made as to the accuracy thereof and same is submitted subject to errors, omissions, change of price, rental or other conditions, prior sale, lease or financing or withdrawal without notice. All dimensions are approximate. For exact dimensions, you must hire your own architect or engineer.
MLSID: 497746