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.

Price:

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

Contact the Agent

Rowen Giles

New York Licensed Real Estate Salesperson
Rowen is a New York Licensed Real Estate Salesperson in association with Gold Rock Realty, a licensed real estate broker. Hire Rowen as your real estate agent to represent you in the purchase, sale or lease of real estate, including residential and commercial property. Locations include Brooklyn, Bronx, Queens, Long Island, Staten Island, and upstate NY.