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for saleRealtyLens property overview
$3,198,000
8794 15th Ave
Brooklyn, NY, 11228
View more Brooklyn, NY property pages35Beds
20Baths
18,720Sqft
$171$/sqft
Listing Notes
Introducing one-of-a-kind Brick 20-Family in the most desired neighborhood, Bath Beach of Brooklyn, NY. This gem has a building size of 60 x 78 sitting on a 60 x 97 lot. Total 18,720 living SF. This property features 20 apartments. Most of the units have been updated. 3 units with 3 bedrooms with a Kitchen and living room and Dining room (6 rooms); 9 units with 2 bedrooms and a Kitchen and living room and Dining room (5 rooms); 8 units with 1 bedroom and a Kitchen and living room and Dining room (4 rooms). This investment generates a gross income of $297,840/yr, with 10 leases for renewal ready with a boost of rent increase. The building offers a Cap Rate that is about 6.25%. This high-income building combines consistent cash flow with future growth potential. Other features include A super resident in the building, maintaining all apartments while keeping them in good condition. Nice and clean basement updated new flashing on roof, and most mechanical equipment updated in the last 10 years, hot water tank brand new. The building is located on a beautiful tree-lined street, just a few minutes away from 86th St, restaurants, convenience stores, supermarkets, banks, shopping, Dyker Park, and Dyker Golf Course; Bus stations, and the Belt Parkway express to the city. Won't last!
Market Insights
Below nearby median-79%
$171/sqft vs a nearby median of $808/sqft.
Nearby median$808/sqft
Nearby properties8
Property size18,720 sqft
- -79% versus the nearby median price per square foot.
- Price history is limited, so current comps matter more than trend alone.
- 18,720 sqft creates a usable price-per-square-foot read.
Pricing Read
Yardstick fair value$14M$12M – $15M · 50% confidence
vs ask $3.20M−$10M (−326.5%)
Asking price is about 326.5% below the fair value — likely to draw competing offers if it's still on market.
$755/sqft median across 7 tight comps × 18,720 sqft= $14M
- Days-on-market gravity−$424k −3.0%
- Pre-war character+$353k +2.5%
- Transit access−$212k −1.5%
- Sparse street life−$212k −1.5%
Cumulative NYC adjustments−$495k−3.5%
Property Read
The asking price per square foot is below the nearby median, which can be worth a closer comp check.
Price history is still limited; review again as more market activity becomes available.
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Listing Details
- Days on market
- 157 days
- Last price change
- No change recorded
- Listed
- Dec 6, 2025
- Photos
- 9 photos
- Property type
- multi family
- Status
- for sale
- Last sold
- Jul 1, 1983 · $24,000
Features & Amenities
Central AirTwo Or More StoriesBasementRental PropertyGolf CourseBeachShopping
Photos
Building Facts
- Year built
- 1916
- Stories
- 4
- Total units
- 20
- Residential units
- 20
- Building area
- 18,720 sqft
- Lot size
- 5,808 sqft
- Land use
- Multi-family walk-up buildings
- Building class
- C1
From NYC public records where available.
Price History
May 4, 2026Initial record
$3,198,000for sale
Public Records
DOB violations1 open
3 total recorded against the building
HPD violations6 open
13 total recorded
ACRIS documents5
Tax-lot deed, mortgage, and transfer records on file
311 calls (12 mo)15,128
Top: illegal parking
Top complaint types in ZIP 11228
- Illegal Parking5,834
- Blocked Driveway1,396
- Noise - Residential509
- Street Condition481
- Snow or Ice384
Recent DOB
- Jan 6, 2006V*-DOB VIOLATION - DISMISSED · LL6291-LOCAL LAW 62/91 - BOILERS BOILER REQUIRED
- Jan 6, 2006V*-DOB VIOLATION - DISMISSED · LL6291-LOCAL LAW 62/91 - BOILERS BOILER REQUIRED
- Aug 29, 1995V-DOB VIOLATION - ACTIVE · LL6291-LOCAL LAW 62/91 - BOILERS BOILER REQUIRED
Recent HPD
- May 1, 2026Class A · (A) § HMC:FILE ANNUAL BEDBUG REPORT IN ACCORDANCE WITH HPD RULE AS DESCRIBED ON THE BACK OF THIS NOTICE OF VIOLATION OR AS DESCRIBED ON HPD S WEBSITE, WWW.NYC.GOV\HPD, SEARCH BE...
- Nov 20, 2025Class I · §27-2107 ADM CODE OWNER FAILED TO FILE A VALID REGISTRATION STATEMENT WITH THE DEPARTMENT AS REQUIRED BY ADM CODE §27-2097 AND IS THEREFORE SUBJECT TO CIVIL PENALTIES, PROHIBITE...
- Jun 6, 2025Class A · (A) § HMC:FILE ANNUAL BEDBUG REPORT IN ACCORDANCE WITH HPD RULE AS DESCRIBED ON THE BACK OF THIS NOTICE OF VIOLATION OR AS DESCRIBED ON HPD S WEBSITE, WWW.NYC.GOV\HPD, SEARCH BE...
- Nov 29, 2024Class I · §27-2107 ADM CODE OWNER FAILED TO FILE A VALID REGISTRATION STATEMENT WITH THE DEPARTMENT AS REQUIRED BY ADM CODE §27-2097 AND IS THEREFORE SUBJECT TO CIVIL PENALTIES, PROHIBITE...
Recent Transfers (ACRIS)
- Jun 30, 1982DEED
- Sep 27, 2010DEED
- Jul 8, 1983DEED
Sourced from NYC Open Data (DOB, HPD, ACRIS). Updated as the city republishes — check the original source for live status.