8794 15th Ave
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8794 15th Ave
20 Unit Block of Flats £2,982,420 (£149,121/Unit) 5.26% Net Initial Yield Brooklyn, NY 11228
Investment Highlights
- Interior Courtyard, Security Cameras Installed, Clean, dry basement
- Blocks to Dyker Park, Golf Course, Belt Pkwy
- Beautiful Treelined Block
Executive Summary
Rare opportunity to purchase a 20-family building in the Bath Beach section of Brooklyn, NY. This exceptional building, located on a beautiful tree-lined street is incredibly well maintained, located just a few short blocks to Dyker Park, Dyker Golf Course, The Belt Parkway and Poly Prep Schools.
HIGHLIGHTS
Nestled in the heart of Brooklyn, 8794 15th Avenue’s prime location offers easy access to top dining, shopping, and entertainment options. Excellent transportation links make commuting a breeze, connecting you to the rest of the city.
- Three, 3-bedroom apartments
- Eight, 1-bedroom apartments
- Nine, 2-bedroom apartments
- Interior courtyard
- Security/Camera systems
- Most all units have been updated/upgraded
- Clean and dry basement with most mechanical equipment updated in the last 10 years
HIGHLIGHTS
Nestled in the heart of Brooklyn, 8794 15th Avenue’s prime location offers easy access to top dining, shopping, and entertainment options. Excellent transportation links make commuting a breeze, connecting you to the rest of the city.
- Three, 3-bedroom apartments
- Eight, 1-bedroom apartments
- Nine, 2-bedroom apartments
- Interior courtyard
- Security/Camera systems
- Most all units have been updated/upgraded
- Clean and dry basement with most mechanical equipment updated in the last 10 years
Financial Summary (Actual - 2023) |
Annual | Annual Per SF |
|---|---|---|
| Gross Rental Income |
£237,003
|
£12.66
|
| Other Income |
-
|
-
|
| Vacancy Loss |
-
|
-
|
| Effective Gross Income |
£237,003
|
£12.66
|
| Taxes |
£39,983
|
£2.14
|
| Operating Expenses |
£39,342
|
£2.10
|
| Total Expenses |
£79,326
|
£4.24
|
| Net Operating Income |
£157,677
|
£8.42
|
Financial Summary (Actual - 2023)
| Gross Rental Income | |
|---|---|
| Annual | £237,003 |
| Annual Per SF | £12.66 |
| Other Income | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Vacancy Loss | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Effective Gross Income | |
|---|---|
| Annual | £237,003 |
| Annual Per SF | £12.66 |
| Taxes | |
|---|---|
| Annual | £39,983 |
| Annual Per SF | £2.14 |
| Operating Expenses | |
|---|---|
| Annual | £39,342 |
| Annual Per SF | £2.10 |
| Total Expenses | |
|---|---|
| Annual | £79,326 |
| Annual Per SF | £4.24 |
| Net Operating Income | |
|---|---|
| Annual | £157,677 |
| Annual Per SF | £8.42 |
Property Facts
| Price | £2,982,420 | Apartment Style | Mid Rise |
| Price Per Unit | £149,121 | Building Class | C |
| Sale Type | Investment | Lot Size | 0.13 AC |
| Net Initial Yield | 5.26% | Building Size | 18,720 SF |
| No. Units | 20 | Average Occupancy | 100% |
| Property Type | Residential | Number of Floors | 4 |
| Property Subtype | Apartment | Year Built | 1916 |
| Price | £2,982,420 |
| Price Per Unit | £149,121 |
| Sale Type | Investment |
| Net Initial Yield | 5.26% |
| No. Units | 20 |
| Property Type | Residential |
| Property Subtype | Apartment |
| Apartment Style | Mid Rise |
| Building Class | C |
| Lot Size | 0.13 AC |
| Building Size | 18,720 SF |
| Average Occupancy | 100% |
| Number of Floors | 4 |
| Year Built | 1916 |
Unit Amenities
- Heating
- Kitchen
- Range
Unit Mix Information
| Description | No. Units | Avg. Rent.Mo | SF |
|---|---|---|---|
| 3+1 | 3 | - | - |
| 2+1 | 9 | - | - |
| 1+1 | 8 | - | - |
1 of 1
Walk Score ®
Very Walkable (74)
Bike Score ®
Very Bikeable (70)
PROPERTY TAXES
| Parcel Number | 06426-0052 | Total Assessment | £319,900 (2024) |
| Land Assessment | £27,339 (2024) | Annual Taxes | £39,983 (£2.14/sf) |
| Improvements Assessment | £292,561 (2024) | Tax Year | 2023 |
PROPERTY TAXES
Parcel Number
06426-0052
Land Assessment
£27,339 (2024)
Improvements Assessment
£292,561 (2024)
Total Assessment
£319,900 (2024)
Annual Taxes
£39,983 (£2.14/sf)
Tax Year
2023
zoning
| Zoning Code | R4 |
| R4 |
-
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