Entire 2700 Sq. Ft. building for lease with high ceiling retail store or office with full basement served by interior stairs AND magnificent floor through apartment on second floor. See Detailed Building Info Below (after Neighborhood Profile). Photos show front and back of building, church on next block, shoreline (2 blocks) and commercial building on corner (Appliances Connection).
Bath Beach. This neighborhood is getting HOT! Why?
1) It's right on the ATLANTIC OCEAN flanked by TWO HUGE OCEAN FRONT PARKS (Dyker Park/Golf Course and Calvert Vaux Park) right between Coney Island/Brighton Beach and Dyker Heights/Bay Ridge. Waterfront bike/walk ways run for miles!
2) It's served by THREE Belt Parkway exits and the D Train which connects nearby to the N, F, Q, B and W.
3) It's one of THE safest, cleanest and upwardly mobile neighborhoods in NYC.
4) Traditionally an Italian-American area with large detached houses, it has seen a HUGE influx of International and Yuppie buyers. New condo buildings seem to be going up on every block.
5) It's served by three dynamic commercial thoroughfares: 86th Street, Bath Avenue and 18th Avenue.
6) Property values are still UNDERVALUED compared to Bay Ridge, Dkyer Heights, Brighton Beach etc. and WAY WAY Undervalued compared to the greater downtown Brooklyn Area even though it's much less congested.
THIS property is just as hot! Why?
1) It's a SOLID Yellow Brick 2 Story Mixed Use Building with Direct Southern Exposure.
2) It's located right on Bath Avenue 2 doors off the corner of 19th Avenue just 2 blocks from the shore, 1 block from the Post Office and 2 blocks from booming 86th Street, the subway, Starbucks, 24 Hour Fitness, Planet Fitness and HUNDREDS of other great stores and restaurants. Bus stops right in front.
3) It has a LARGE open store of 900 square feet with HIGH CEILINGS, plus a FULL 900 square foot BASEMENT with 7' high ceilings, concrete floor and sheet rocked walls.
4) Upstairs, it has a LARGE Sunny 2-3 Bedroom north-south Apartment with 6 windows, 2 skylights and high ceilings. Can be converted to an open loft or upgraded to a luxury 2 or 3 bedroom with atrium roof deck. The apartment has a separate private rear entrance so it's almost like having a private townhouse!
5) The store is ideal for any business or community use including: offices, cafe, health or grocery store, deli, yoga studio, bike shop, fashion boutique, art studio or gallery, gift shop, hair salon, day care, medical, interior design/furniture etc. etc. A giant upscale kitchen and bath super store (Appliance Connection) is directly across the street!
6) PERFECT LIVE WORK SITUATION. Or use the store/basement and rent out the apartment (or vice versa)
THE DEAL: LEASE ENTIRE BUILDING FOR JUST $3995/MO. and GET A STORE & BASEMENT WORTH $3500/MO. PLUS A HUGE FLOOR THRU APT WORTH $3500/MO. Tenant does own renovations and pays quarterly real estate taxes (approx. $1200). Tenant will receive a 3 year option to buy the building at current market value ($1.2 million) with optional seller financing provided 50% down payment is made. Tenant will receive $500 monthly credit toward down payment which more than offsets the real estate taxes. If tenant does not buy within 3 years, tenant may continue net leasing the property for an agreed upon time period.
