Presenting a rare opportunity to acquire a well-maintained, income-producing 20-family brick building in the heart of Bath Beach—one of Brooklyn’s most established and sought-after neighborhoods. Property Details: Building Size: 60' x 78', Lot Size: 60' x 97'. Total Living Area: 18,720 SF Unit Mix: (3) Three-bedroom units (9) Two-bedroom units (8) One-bedroom units Most units have been updated Financial Highlights: Gross Annual Income: $290,820 Cap Rate: Over 5% Approximately 10 leases renew annually, offering consistent rent growth potential Situated on a quiet, tree-lined street just minutes from 86th Street retail, restaurants, banks, supermarkets, Dyker Beach Park & Golf Course, and public transportation. Easy access to the Belt Parkway. This is a high-performing, turn-key asset with stable cash flow and future upside—ideal for investors seeking a strategic long-term hold in a proven Brooklyn submarket.
For sale
$3,490,000
8794 15th Ave, Brooklyn, NY 11228
35beds
18,720sqft
Multi Family
Built in 1916
-- sqft lot
$-- Zestimate®
$186/sqft
$-- HOA
What's special
Brick buildingThree-bedroom unitsTwo-bedroom unitsOne-bedroom units
- 153 days |
- 265 |
- 11 |
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