8794 15th Ave Brooklyn, NY 11228

Building Details

Year Built

1916

Listing office Realty First Residential k***@gmail.com Show Phone

Listing date Mar 10, 2026

Source Elliman

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Investment Insights

Based on property information with market context.

Located in the Bath Beach neighborhood of Brooklyn, this multifamily property features 20 apartments within a building measuring 60 x 78 feet, situated on a 60 x 97 foot lot. The building provides 18,720 square feet of living space. The unit mix includes three 3-bedroom units (6 rooms), nine 2-bedroom units (5 rooms), and eight 1-bedroom units (4 rooms). Many of the units have been updated. The property generates a gross annual income of $297,840, and 10 leases are ready for renewal with potential rent increases. The building's cap rate is approximately 6.25%. A resident superintendent maintains the apartments. Additional features include a clean basement, updated flashing on the roof, and most mechanical equipment updated within the last 10 years, including a brand new hot water tank. The property is located on a tree-lined street, near 86th Street, restaurants, convenience stores, supermarkets, banks, shopping, Dyker Park, Dyker Golf Course, bus stations, and the Belt Parkway.

Key Highlights

• High‑income generating 20‑family brick building with an attractive 6.25% Cap Rate.
• Gross annual income of $297,840 with potential for increased rent through 10 lease renewals.
• Located in the desirable Bath Beach neighborhood of Brooklyn.

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FAQs

What type of property is this?

Apartment building - 20-unit apartment building in Bath Beach, Brooklyn.

Where is this apartment building located?

The property is located at 8794 15th Ave Brooklyn, NY.

What is the asking price?

The asking price for this property is $3,158,000.

What are key features of this property?

This property features: High‑income generating 20‑family brick building with an attractive 6.25% Cap Rate.; Gross annual income of $297,840 with potential for increased rent through 10 lease renewals.; Located in the desirable Bath Beach neighborhood of Brooklyn.