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8678 Bay Pky 30 Unit Apartment Building £6,725,617 (£224,187/Unit) Brooklyn, NY 11214
INVESTMENT HIGHLIGHTS
- 30 unit rental
- great for seasoned investor.
- 1031 exchange
EXECUTIVE SUMMARY
Prime investment opportunity in the heart of Bath Beach! Presenting 8678 Bay Parkway—a solid, four-story, 30-unit brick apartment building offering long-term upside and exceptional income potential. Built in 1915, this well-maintained pre-war walk-up encompasses approximately 30,960 square feet of residential space and sits on a 100' x 102' lot. The building features a mix of spacious 1- to 4-bedroom units, many with hardwood floors and classic layouts. Zoned R6, this property offers investors stability, immediate cash flow, and future value-add potential. Perfectly positioned near public transportation (Bay Parkway D train), Caesar's Bay Shopping Center, and major parks, tenants enjoy convenience and connectivity in a thriving neighborhood. Surrounded by a diverse community, restaurants, schools, and shopping options, this is a rare opportunity to acquire a turnkey asset in one of Brooklyn's most desirable locations. . Rent Roll and expense sbroken down in document section of MLS. Great for seasoned investor for 1031 exhange!!
FINANCIAL SUMMARY (ACTUAL - 2024) Click Here to Access |
ANNUAL | ANNUAL PER sq ft |
|---|---|---|
| Gross Rental Income |
$99,999
|
$9.99
|
| Other Income |
-
|
-
|
| Vacancy Loss |
-
|
-
|
| Effective Gross Income |
$99,999
|
$9.99
|
| Taxes |
-
|
-
|
| Operating Expenses |
-
|
-
|
| Total Expenses |
$99,999
|
$9.99
|
| Net Operating Income |
$99,999
|
$9.99
|
FINANCIAL SUMMARY (ACTUAL - 2024) Click Here to Access
| Gross Rental Income | |
|---|---|
| Annual | $99,999 |
| Annual Per sq ft | $9.99 |
| Other Income | |
|---|---|
| Annual | - |
| Annual Per sq ft | - |
| Vacancy Loss | |
|---|---|
| Annual | - |
| Annual Per sq ft | - |
| Effective Gross Income | |
|---|---|
| Annual | $99,999 |
| Annual Per sq ft | $9.99 |
| Taxes | |
|---|---|
| Annual | - |
| Annual Per sq ft | - |
| Operating Expenses | |
|---|---|
| Annual | - |
| Annual Per sq ft | - |
| Total Expenses | |
|---|---|
| Annual | $99,999 |
| Annual Per sq ft | $9.99 |
| Net Operating Income | |
|---|---|
| Annual | $99,999 |
| Annual Per sq ft | $9.99 |
PROPERTY FACTS
| Price | £6,725,617 | Apartment Style | Mid-Rise |
| Price Per Unit | £224,187 | Costar Property Class | B |
| Sale Type | Investment | Total Plot Size | 0.22 ac |
| Sale Condition | 1031 Exchange | Property Size | 30,960 sq ft |
| No. Units | 30 | No. Floors | 4 |
| Property Type | Build-to-Rent | Year Built | 1915 |
| Property Subtype | Apartment | ||
| Use Class | R6 - R6 is a medium-density residential zoning district. | ||
| Price | £6,725,617 |
| Price Per Unit | £224,187 |
| Sale Type | Investment |
| Sale Condition | 1031 Exchange |
| No. Units | 30 |
| Property Type | Build-to-Rent |
| Property Subtype | Apartment |
| Apartment Style | Mid-Rise |
| Costar Property Class | B |
| Total Plot Size | 0.22 ac |
| Property Size | 30,960 sq ft |
| No. Floors | 4 |
| Year Built | 1915 |
| Use Class | R6 - R6 is a medium-density residential zoning district. |
AMENITIES
UNIT AMENITIES
- Kitchen
- Wooden Floors
- Refrigerator
- Oven
- Range
UNIT MIX INFORMATION
| DESCRIPTION | NO. UNITS | AVG. RENT PCM | sq ft |
|---|---|---|---|
| 1+1 | 30 | - | 700 |
1 1
Walk Score®
Excellent pedestrian access (97)
Transit Score®
Excellent Public Transport (83)
PROPERTY TAXES
| Parcel Number | 06380-0001 | Improvements Assessment | £678,623 (2025) |
| Land Assessment | £68,938 (2025) | Total Assessment | £747,562 (2025) |
PROPERTY TAXES
Parcel Number
06380-0001
Land Assessment
£68,938 (2025)
Improvements Assessment
£678,623 (2025)
Total Assessment
£747,562 (2025)
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8678 Bay Pky
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