76 Bay 23rd Street

Bath Beach, Brooklyn | 86th Street & Benson Ave

73 Rooms41 Beds16 Baths15,480 Square FeetIncome Property

$2,100,000

floors / apts4 / 16

Lot Size50'1"x96'10"

Built Size50'x86'

ZoneR5

Building TypeLow-Rise

RE Taxes$58,136

Price Per SF

$136

Property Description for 76 Bay 23rd Street

Marcus & Millichap is pleased to present 76 Bay 23rd Street, anexceptionally large 16-unit multifamily investment opportunitylocated in the desirable Bath Beach neighborhood of Brooklyn.Spanning more than 15,000 square feet, the Property features a highlydesirable unit mix of spacious two- and three-bedroom apartments,catering to the strong demand for larger residential units in theBrooklyn rental market. The building's substantial size and efficientlayout provide investors with durable cash flow and meaningfullong-term upside through continued rental growth and operationaloptimization. Offered at an attractive basis of approximately $136 persquare foot, the Property presents a compelling value propositionthat is rarely available for assets of this scale in Brooklyn.Situated on Bay 23rd Street in the heart of Bath Beach, the Propertybenefits from convenient access to neighborhood shopping, dining,public transportation, and nearby parks while maintaining a stableresidential setting that supports consistent occupancy. 76 Bay23rd Street represents a rare opportunity to acquire a large-scalemultifamily asset with an attractive basis, strong fundamentals, andsignificant long-term upside.Excellent Location in Bath Beach 1 Block from 86th Street• Exceptionally Large 16 Family Building Over 15,000 Square Feet• Prime Location of Bath Beach on Bay 23rd Street• Mix of Three- and Two-Bedroom Apartments• Long-Term Upside• Low Basis of $136/SF

Listing History for 76 Bay 23rd Street

Now

08/06/2026

$2,100,000

Initial Price by John Brennan

Marcus & Millichap

Launch

Building Details for 76 Bay 23rd Street

OwnershipIncome Property

Building TypeLow-Rise

AgePre-War

AccessWalk-up

Year Built1915

Floors/Apts4/16

Learn More About the Building

Bath Beach | Brooklyn

Quick Profile

Bath Beach is a rectangular swatch of land located at the southwestern edge of Brooklyn, along Gravesend Bay. For a small, primarily residential neighborhood it has a lot of history. Bath Beach is named after the famous Roman built spa and hot springs found in Bath, England.

It has a dense urban feel and it’s often confused with its neighbor Bensonhurst. In fact, Bath Beach was once nicknamed Bensonhurst by the sea. Despite its name, there is no beach. It was paved over to make room for modern day roadways.

Bath Beach is bounded by 86th Street to the north, Shore Parkway to the south, Bay Parkway to the east, and the Dyker Beach Park and Golf Course to the west.

The ethnically diverse and mostly middle-class neighborhood has a variety of architectural styles that include small apartment buildings, semi-attached homes and mid-20th century attached brick row houses with garages on the ground floor. There are many stand-alone Victorian houses throughout Bath Beach. They’ve been modernized with siding, enclosed porches and brickwork. Their turrets and steeply pitched roofs give a unique aesthetic to the area.

86th Street is the commercial artery. It’s the heart of everything and offers restaurants serving all types of cuisines, mom and pop shops, and big box retailers.

Bath Beach was once home to freed slaves that were given land settlements in the Mid 19th Century. Its name is derived from an area known as The Bath Beach Resort, an affluent beach club that once stood. Back in the 1860’s, railway advancements began connecting residential neighborhoods of Brooklyn. It didn’t take long for Bath Beach to receive an influx of people. The resort flourished, offering summer homes, yacht clubs and hotels to New York’s high society. Sadly, the beach was paved over in the mid-twentieth century in the name of expansion. The Shore Parkway now stands where the beach club was.

For decades the area was predominantly Italian but recent waves of Chinese and Russian immigration has changed the fabric of the neighborhood.

All information furnished regarding property for sale, rental or financing is from sources deemed reliable, but no warranty or representation is made as to the accuracy thereof and same is submitted subject to errors, omissions, change of price, rental or other conditions, prior sale, lease or financing or withdrawal without notice. All dimensions are approximate. For exact dimensions, you must hire your own architect or engineer.

OLR ID: 107585TH

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