new - 2 days on rocket

8743 Bay 16th St Unit 4, Brooklyn, NY, 11214

$2,890,000

6 Bedrooms
5 Full Baths
2,800 SqFt
$1,032/SqFt
Multi

Location

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Property Highlights

Home TypeMulti Family
ParkingDetached Garage, Street
Year Built1917
HeatingSteam, Natural Gas
CoolingNone
BasementYes
FireplaceNone
MLS #488470
StatusActive

About 8743 Bay 16th St Unit 4

Great opportunity for investors and builders in the highly sought-after Bath beach section of Brooklyn. This 65x97 lot is R5-zoned with an expanded floor area ratio. Being sold "AS IS" offering tremendous potential for future development. The property currently has four tenant occupied units. Buyers are responsible for their own due diligence. All offers must be submitted with proof of funds and pre-approval. Please send all documentation to LA

Property Details

Property Features

Property Information:

  • Architectural Style: Victorian
  • Year Built: 1917
  • Stories: 3
  • Living Area: 2,800 SqFt

Listing Office:

  • Office Name: BHGRE Safari Realty

Interior Features

Interior Information:

  • Appliances: None
  • Basement: Yes
  • Flooring Type: Carpeting, Ceramic, Hardwood
  • Fireplace: None

Bedroom and Bathroom Information:

  • Full Bathrooms: 5
  • Total Bedroom Count: 6

Exterior Features

Exterior Information:

  • Exterior: None

Parking Information:

  • Attached Garage: No
  • Parking: Detached Garage, Street

Utilities

Utilities Information:

  • Heating: Steam, Natural Gas
  • Cooling: None

Price Information

Listing Price Info

Price Summary:

  • List Price: $2,890,000
  • Price Per SqFt: $1,032/SqFt
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Housing Market Comparison

See how this home compares to others in Brooklyn, NY.

Med. Sold Price

$987.3K

Med. Price/SqFt

$714

Avg. Days On Market

88

# of Sold Homes

475

8743 Bay 16th St Unit 4 vs Brooklyn

2 DAYS ON ROCKET

-86 Days

$2,890,000

+$1.9M More

$1,032/SqFt

+$317 More

KEY TAKEAWAY

This property is $1.9M more than the Median Sold Price and $317/SqFt more than other homes in Brooklyn, NY.

Based on homes sold in the last 12 months

MLS Details

MLS Information:

  • MLS Number: #488470

Listing Office:

  • Office Name: BHGRE Safari Realty

IDX Information being provided by Brooklyn Multiple Listing Service is for the consumer's personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumer may be interested in purchasing.

The accuracy of all information, regardless of source, including but not limited to open house information, square footage and lot sizes, is deemed reliable but not guaranteed and should be personally verified through personal inspection by and/or with the appropriate professionals. The data contained herein is copyrighted by Brooklyn Multiple Listing Service and is protected by all applicable copyright laws. Any unauthorized dissemination of this information is in violation of copyright laws and is strictly prohibited.

Copyright © 2025 Brooklyn Multiple Listing Service. All rights reserved.
Data displayed may be a portion of, and not a complete set of all listings published in the MLS.

This advertisement does not suggest that the broker has a listing in this property or properties or that any property is currently available.
Last updated on: 1/11/2025, 1:20:49 PM Eastern. If you have any questions regarding the accuracy of this data, please contact us at help@rockethomes.com.

Property Sales & Tax

We're sorry, we currently don't have sales or tax history data for this listing.

Payment Calculator

$14.4K

Per Month

Recommended Financing

30-Year Fixed

Rate/APR

7.5% / 6.68%

Total Monthly Payment

$8,731

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NMLS#3030

Schools

Schools Nearby

The school rating is a score out of 10, where 10 is the highest and 1 is the lowest. Assigned schools have a bold outline.

Nearby Schools

school-card-donut-1920154
6
/10
  • P.S. 748 Brooklyn School for Global Scholars

  • 1664 Benson Ave

  • 0.12 miles

  • Public District Grades KG-5

school-card-donut-1920155
7
/10
  • P.S. 200 Benson School

  • 1940 Benson Ave

  • 0.32 miles

  • Public District Grades KG-5

school-card-donut-1920156
7
/10
  • P.S. 204 Vince Lombardi School

  • 8101 15th Ave

  • 0.60 miles

  • Public District Grades KG-5

Neighborhood

What Are The Neighbors Like?

The neighbors living near this home have an average income of $55,021. Most Brooklyn, NY residents have annual incomes between $35k-100k. Typical family type is single, no kids. Most residents in this area have high school diploma education.

All data provided by Home Junction and Claritas

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Rocket Homes›New York›Kings County›Brooklyn›11214›8743 Bay 16th St Unit 4

This home is located at 8743 Bay 16th St Unit 4 in Brooklyn, NY and zip code 11214 in the Bath Beach neighborhood. This 2,800 square foot home was built in 1917. Features: 6 bedrooms, 5 bathrooms. It has been listed on Rocket Homes since January 09, 2025 and is currently priced at $2,890,000.

In December 2024 more than 40 listings in Brooklyn, NY were sold above the asking price. During the same period more than 257 listings were sold at asking price, while more than 178 were sold below. The number of homes for sale in Brooklyn, NY decreased by 10.4% between November 2024 and December 2024. The median list price of listings available in December 2024 was $987,395, while the average time on the real estate market was 88 days.

From Rocket Homes Real Estate and based on county public records data.

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