1865 Bath Ave
Brooklyn, NY 11214
Retail Property For Sale

REDUCED FROM $1.5 to $1.4 to $1.3 to $1.2 to $1,099,990!!! Way way way BELOW MARKET! Way below current comps for anything like it!!! LAST CHANCE!!! Last Chance! Going, going.... OWNER WILL CARY WITH 50% DOWN!!!! PRICE REDUCED from $1,500,000 to $1,099,990 for immediate sale. 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). Extensive upgrades have been made since photos were taken!! (Apt is 75% Renovated; Brand New Interior Staircase to Basement, New Fire Doors, New Boiler room with new gas boiler/water heater) MUST SEE TO APPRECIATE! 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. There is a new 40 unit complex around the corner where a single unit is priced $800,000. 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. 7) Same size building on 86th Street 2 Blocks away is $2.5 to $3 Million!!!!!! THIS property is just as hot! Why? 1) It's a SOLID Yellow Brick 2 Story Mixed Use Building with Direct Southern Exposure with full basement with concrete floors and stone walls. 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 stone walls. 4) Upstairs, it has a LARGE Sunny 2-3 Bedroom north-south Apartment with 6 windows, 2 kylights and high ceilings. Can be converted to an open loft or upgraded to a luxury 2 or 3 bedroom with 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, 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. 7) Store has BRAND NEW INTERIOR STAIRCASE to basement, BRAND NEW BOILER ROOM with BRAND NEW GAS BOILER and WATER HEATER, NEW FIRE DOORS etc. Delivered Vacant! Excellent Structural Condition! Great Neighbors (upscale beauty salon next door has marble floors and chandeliers, Luxury European Kitchen and Bath center directly across street makes location ideal for home decor, hardware, design, architect office, contractor or any other home or construction oriented use) Price: $1,099,990 net. Possible seller financing with 50% down. Same building in downtown Brooklyn area would be TRIPLE the price!! Previously triple net leased at $4500 a month which is 5% cap rate. However, apartment can be rented separately for up to $3000 and store for up to $3500!!