Brooklyn Multifamily Investment
For Sale
$3,058,000
8794 15th Ave, Brooklyn, NY 11228
20-unit apartment building in Bath Beach, Brooklyn.
Property Size18,720 SF
Lot Size0.13 Acres
Price / SF$163.35
Days on Market158
Property Features for 8794 15th Ave
General Information
Standard status
Active
Size
18,720 SF
Lot size
0.13 Acres
Property subtype
Multi Family
Taxes and HOA fees
Annual Taxes
$48,244
Building Details
Building Size
18,720 SF
Year Built
1916
Stories
4
Listing Agency:
Realty First Residential
(718) 758-5838
Listed By:
Karla Ng Mok · License #KNM9509
(718) 758-5838
Source:
Elliman
Added: Mar 10
Changed: Aug 7
Last Checked: Aug 13 at 11:38AM
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 Realty First Residential
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.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
1,948
Businesses Nearby
Explore this area
Business Placement
Demographics for 11228, NY
45,906
Population
16,336
Households
2.8
Avg Household Size
41
Median Age
37%
College-Educated
80%
High-School Grad
1.5 sq mi
ZIP Area
30,604
Density / Sq Mi
$80,737
Median Household Income
$47,062
Median Earnings
$1,828
Median Rent
$1,131,700
Median Home Value
Market
Vacancy Rate% for Multifamily in Northeast region
Questions? Ask Rey
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Frequently Asked Questions
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 $3,058,000.
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.
