171 Bay 17th St. Brooklyn, NY 11214 Bath Beach, Brooklyn, NY

$4,450,000
For Sale
Property type: Mixed-Use
Gross (Sq Ft)
12960
Units
20

Summary

  • Lot Size: 3983 Sq Ft
  • Year Built: 1912
  • Stories: 4
  • Block/Lot: 6435/30
  • Lot Dimension: 39.83' x 100'
  • Lot Area: 3,983 SF
  • Bldg Dimension: 39.83' x 90'
  • Gross SqFt: 12,960 SF
  • Zone: R5/C2-2
  • Air Rights: None
  • Tax Class: 2
  • Real Estate Taxes: $42,812
  • Cap Rate: 4.41%
  • GRM: 13.78

Description

Rowen Giles is serving as a Buyer’s Agent to assist you with the purchase of 171 Bay 17th Street, a 20-unit mixed-use building located on the corner of Bay 17th Street and Bath Avenue in the Bath Beach neighborhood of Brooklyn.

This 4-story corner walkup building contains 18 residential units and 2 retail units. The residential component is comprised of 3 one-bedroom, 13 two-bedroom and 2 three-bedroom apartments. The corner retail unit is currently
occupied by Nicky’s Pizza and the other is in the process of being leased. The average rents are $27 per square foot for the residential and $35 per square foot for the retail. The building is well maintained and managed by a
professional management company. The heating system is oil. The electric system has been upgraded and the roof has recently been redone. Area amenities include national chain retail on both 18th Avenue and 86th Street, the Dyker Beach Golf Course, Bath Beach Park and more. The property is located on the block of the 18th Ave/Bath Ave B8 bus stop and on the route of the B64 bus line. The 18th Avenue D train station is also four blocks away.

See setup attached to this page for rent roll and financial breakdown.

Agents with buyers must act as BROKERS AGENTS (not buyer’s agents).

Price:

$4,450,000 + 2% buyer agency fee.

Contact the Agent

Rowen Giles

New York Licensed Real Estate Salesperson
Rowen Giles is a New York Licensed Real Estate Salesperson, in association with Gold Rock Realty, a New York Licensed Real Estate Broker. Rowen represents Buyers and Sellers of single and multi-family residential homes, as well as apartment buildings and mixed-used commercial properties anywhere in the State of New York. When it comes to the complexities of selling real estate, no one is more qualified than Rowen. Prior to real estate, Rowen was a computer systems engineer and technology manager for 18 years working for small and large fortune 500 companies, including stints at Microsoft Corporation and the Federal Reserve Bank of New York. Rowen’s career in technology saw many challenges such as sizing large technical infrastructure, solving complex technology problems, and deploying sophisticated software solutions. Rowen met each challenge with success as a result of careful planning, organizing, directing and managing. Rowen is a results-driven and highly organized professional with strong attention to details. Once a property is on the market,…