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1742 Bath Avenue

Bath Beach - Brooklyn, New York 11214
$1,699,000
MLS 505523 · Active · Mixed Use
Main photo

Description

Discover an exceptional opportunity to own an oversized, 25-foot-wide mixed-use building offering approximately 4,875 square feet across 3 floors, plus additional cellar space. Featuring a laundromat with no lease and its own separate water meter plus 2 family that will be delivered vacant at closing, this property offers impressive scale and flexibility for an owner-user or investor. The spacious 2nd- and 3rd-floor apartments each feature 3 bedrooms, a separate living room, dining room, and kitchen, with the potential to create a 4th bedroom in each unit. High ceilings throughout enhance the generous layouts. A full cellar with exceptionally high ceilings and a separate entrance provides substantial additional space. A new roof and fairly new water heater and gas boiler further enhance the property’s appeal. Building measures 25x70 on a 25x100 lot. Annual property tax: $8,706. Won't Last!

Property

TypeMixed Use
Building TypeAttached
Year Built1925
Stories3
Families2
Stores1
Square Feet4,875
Building Size25.00 x 70.00
Lot Size25 x 100
Lot Sq Ft2,500
ZoningR5
Block / Lot6434 / 37

Costs

Price$1,699,000
Taxes$8,866
Gross Income$28,800
Gross Expenses$17,366
Net Operating Income$11,434
Cap Rate0.01%

Building & Systems

Heating FuelGas
Heat DeliverySteam/Radiator
Hot WaterGas
ConstructionBrick
ExteriorBrick
RoofFlat
FoundationPoured Concrete
FlooringLaminate, Tile
BasementCellar, Full, Separate Entrance

Location

NeighborhoodBath Beach
BoroughBrooklyn
Cross StreetsBay 16th St & Bay 17th St
School District20

Listed By

Jason Zhou
(718) 612-3088
jasonzhourealty@gmail.com
RE/MAX Edge · (718) 612-3088