8794 15th Ave - Apartments FOR SALE


Brooklyn, NY 11228- Bath Beach
$3,158,000 USD
718-702-2427
8794 15th Ave, Brooklyn, NY for Sale
$3,158,000 USD
Apartments - FOR SALE
1/19
null | 6.33% Cap Rate

8794 15th Ave
Brooklyn, NY 11228
Bath Beach


HIGHLIGHTS

  • Rent stabilization ensures predictable rent growth and consistent cash flow.
  • Brick 20-unit building in Brooklyn’s Bath Beach neighborhood.
  • Diverse mix of updated one, two, and three-bedroom apartments.
  • Close to 86th Street, shopping, parks, and Belt Parkway.

OVERVIEW

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 $297,840/yr, with 10 leases for renewal ready with a boost of rent increase. The building offers a Cap Rate that is about 6.25%. 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 flashing on roof, and most mechanical equipment updated in the last 10 years, hot water tank brand new. 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

FOR SALE DETAILS

PRICE

$3,158,000 USD

PRICE/SF

$169 USD /SF

# OF UNITS

20

PRICE/UNIT

$157,900

CAP RATE

6.33%

% LEASED

100%

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Mid-Rise

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

4

YEAR BUILT

1916

PARKING SPACES

-

LAND DETAILS

LAND ACRES

0.13 AC

LAND SF

5,663 SF

ZONING

R4

APN/PARCEL ID

06426-0052

ASK ABOUT THIS PROPERTY

Vincent D'AmarioCentury 21 Realty FirstMore Info
718-702-2427

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Vincent D'AmarioCentury 21 Realty FirstMore Info
718-702-2427

By clicking the button, you agree to Showcase's Terms of Use and Privacy Notice.