Located in the heart of Bay Terrace, this exceptional two-family home with three units offers a rare opportunity for both investors and end-users. Each floor has been fully renovated with luxury finishes, providing move-in ready condition throughout. The basement is completely finished, adding versatile space for recreation, storage, or home office use.
The property has been extensively upgraded inside and out. It features three brand-new hot water tanks, all double-pane windows, a new Con Edison electrical meter bank, Verizon Fios connectivity, and energy-efficient LED lighting in common areas. The entryway and interiors have been refreshed with a new glass entry door and freshly painted hallways, foyer, and all three floors.
Exterior improvements include a new roof, new concrete driveway, new balcony with steel beam supports, new gutters, and updated aluminum siding. The backyard has been transformed with full pavers and a privacy fence, creating an attractive outdoor space for relaxation and entertainment.
For investors, this property offers immediate and strong rental income potential, while end-users will appreciate the ability to live in one unit and generate income from the others.
With its combination of prime location, luxury upgrades, and excellent income potential, this property stands out as one of the best-finished multi-family buildings in Bay Terrace.
Listed by Soon K. Jung
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RE/MAX Frontier
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718-224-2900
Last updated October 14, 2025
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Source: OneKey #918469
Listing Facts
TypeMulti-family
NeighborhoodBay Terrace
Bedrooms8
Bathrooms6
Days on Prevu24
Taxes$16,000/year
Amenities
Parking
Location
Mortgage Calculator
Listing History
10/01/2025
Listed by RE/MAX Frontier
$1,775,000
Estimated Closing Costs
Total
$62,573
Attorney Fees
$4,000
NYC Mansion Tax
$17,750
Title Insurance
$7,988
Bank Attorney
$1,500
Mortgage Recording Tax
$27,335
Other Closing Costs
$4,000
Estimated closing costs are based on the list price of $1,775,000 and a 20% downpayment. These estimates are for indicative purposes only. Actual closing costs may vary for each transaction. See the Closing Costs Calculator for calculations specific to your situation.
Property Details for 209-08 23rd Avenue
Exterior
Construction
Number Of Units Total: 4
Property Attached: Yes
Year Built: 1975
Construction Materials: Aluminum Siding
Measurements
Building Area Units: Square Feet
Financial
Taxes
Tax Annual Amount: $16,000.00
Tax Year: 2025
Interior
Features
Interior Features: First Floor Bedroom, First Floor Full Bath
Rooms
Basement: Finished, Full
Has Basement: Yes
Bathrooms Full: 6
Bathrooms Total Integer: 6
Bedrooms Total: 8
Parking
Parking
Garage Spaces: 1
Garage: Yes
Parking Features: Attached
Utilities
Equipment
Cooling: Multi Units
Heating: Electric
Sewer: Public Sewer
Utilities: Cable Connected, Electricity Connected
Water Source: Public
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