30-Unit Brick Apartment
For Sale
$8,500,000
8678 Bay Parkway, Brooklyn, NY 11214
Four-story walk-up with separate kitchens and living rooms; heat and hot water are included.
Property Size30,960 SF
Lot Size0.22 Acres
Price / SF$274.55
Days on Market28
Property Features for 8678 Bay Parkway
General Information
Standard status
Active
Size
30,960 SF
Lot size
0.22 Acres
Property subtype
Residential Income
Zoning
R6
Additional Details
Public Transit
Yes
Multifamily Units
30
Taxes and HOA fees
Annual Taxes
$102,926
Amenities
hardwood floors
Building Details
Building Size
30,960 SF
Year Built
1915
Buildings
1
Stories
3
Units
30
Construction
brick
Listing Agency:
Beinert Bonanno LLC
(973) 643-7764
Listed By:
Eric Bonanno
Source:
Connieprofaci
Added: Sep 29
Changed: Oct 25
Last Checked: Oct 23 at 4:54PM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of Beinert Bonanno LLC
Ask AI about this property
Review the available facts, identify missing information and prepare questions for the agent.
Investment Insights
Based on property information with market context.
This four-story, brick walk-up contains 30,960 square feet of residential space across 30 apartments. Built in 1915, the building sits on a 100-by-96-foot lot and is zoned R6. Apartment layouts range from one to four bedrooms, with separate kitchens and living rooms, tiled bathrooms, and large bedrooms. Heat and hot water are included.
The property is near the Bay Parkway D train, Caesar's Bay Shopping Center, parks, restaurants, schools, and shopping. Its apartment mix and individual kitchen and living areas define the building’s residential configuration.
The property is near the Bay Parkway D train, Caesar's Bay Shopping Center, parks, restaurants, schools, and shopping. Its apartment mix and individual kitchen and living areas define the building’s residential configuration.
Key Highlights
- 30 apartments in a four‑story brick walk‑up
- 30,960 square feet of residential space
- 100‑by‑96‑foot lot; R6 zoning
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$756,799
Cap Rate
8.90%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$15,135,980
$15.1M
Cap Rate 7%
$10,811,414
$10.8M
Cap Rate 9%
$8,408,878
$8.4M
Market Conditions
NOI Build-Up for 30,960 SF
Gross rent
$1.43M $46.20/SF
− Vacancy
−$54.4K −$1.76/SF
EGI
$1.38M $44.44/SF
− OpEx
−$619.2K −$20.00/SF
NOI
$756.8K $24.44/SF
Area
ZIP 11214
Vacancy
3.80%
Lease Rate
$46.20 /SF/Yr
Expense Ratio
45.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$15,135,980
Cap Rate 7%
$10,811,414
Cap Rate 9%
$8,408,878
Alternative Uses
Best Use
Apartment 5plus
$10.81M
$9.46M – $12.61M
NOI $756,799 @ 7.0% cap · market cap 8.90%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$18.06M
$15.80M – $21.07M
NOI $1,264,238 @ 7.0% cap · market cap 14.87%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Contact the owner directly
Get the owner's phone numbers and email
Open Analytics
Lease Details
30
Residential units
Location Intelligence
Trade Area within ½ mile
3,901
Businesses Nearby
Explore this area
Business Placement
Demographics for 11214, NY
96,560
Population
33,341
Households
2.9
Avg Household Size
39
Median Age
32%
College-Educated
76%
High-School Grad
2.0 sq mi
ZIP Area
48,280
Density / Sq Mi
$64,286
Median Household Income
$41,172
Median Earnings
$1,710
Median Rent
$1,007,400
Median Home Value
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics
Market
Vacancy Rate% for Multifamily in Northeast region
Frequently Asked Questions
What type of property is this?
Apartment building - Four-story walk-up with separate kitchens and living rooms; heat and hot water are included.
Where is this apartment building located?
The property is located at 8678 Bay Parkway Brooklyn, NY.
What is the asking price?
The asking price for this property is $8,500,000.
What are key features of this property?
This property features: 30 apartments in a four‑story brick walk‑up; 30,960 square feet of residential space; 100‑by‑96‑foot lot; R6 zoning
