1721 Bath Ave
Brooklyn, NY 11214
1721 Bath Ave · Retail Property For Sale

Ripe Opportunity on Mixed Use Property in Bensonhurst Strong Cash Flow and upside potential in blossoming Bensonhurst, Brooklyn. Mixed residential and retail property deal on a popular block. Can be delivered partially or fully occupied. This is the time to get into this neighborhood for great value assets yield. Potential cap rate of 6.2%. Ideal for 1031 exchange investment. 2 Four Bedrooms Plus Retail Apt #1 - Month to Month Paying $1,800 Apt #2 - $2200 (one year lease) Retail ( 3 year lease ) - $4,500 Current Gross - $102,00 Expenses - $11,000 NOI - $91,000 Cap - 5.5% Potential Rent Improvements! Retail - Potential Increase to $5000 when lease expires Apt #1 - Potential Increase to $2,400 Adding The Following: Parking: $150 x 2 Storage: $100 x 2 Gross Income - $118,200 Potential NOI - $107,200 Potential Cap - 6.2% Bensonhurst is a large, multiethnic neighborhood in the southwestern part of the New York City borough of Brooklyn, in the United States. As defined by the New York City Planning Commission, the neighborhood's borders are 14th Avenue and Dyker Heights to the west, 60th Street Borough Park to the north, McDonald Avenue and Avenue N Midwood to the east and northeast, Stillwell Avenue and 86th Street southeast Gravesend, and 86th Street and 16th Avenue Bath Beach on the south and southwest.[1] It was well known as a Little Italy of Brooklyn due to its once large Italian-American population.[2] Bensonhurst has the largest population of residents born in China of any neighborhood in New York City and is now home to Brooklyn's second Chinatown.[3] The neighborhood accounts for 9.5% of the 330,000 Chinese-born residents of the city, based on data from 2007-2011