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2339 Bath Ave 5,358 SF 100% Leased Retail Building Brooklyn, NY 11214 $2,190,000 ($408.73/SF) 6% Cap Rate
EXECUTIVE SUMMARY
Don’t miss this rare opportunity to own a well-maintained, cash-producing mixed-use 5-family building in the heart of Bath Beach. This non-stabilized, free-market property offers excellent investment potential with strong income and flexibility. The building features one ground-floor commercial unit currently operating as a salon (with 2 years remaining on the lease) and 5 residential units in great condition — including 4 spacious 1-bedroom apartments and one 2-bedroom unit. All tenants are reliable, and none of the units are rent-stabilized or under lease, providing maximum rental flexibility.Building Size: 22 ft × 82 ft, Lot Size: 22 ft × 100 ft; Gross Annual Income: Approx. $171,000; Net Operating Income (NOI): Approx. $133,535; Annual Insurance: $8,000; Total Expenses: Approx. $37,465. All residential units have been renovated within the past 5 years, featuring high ceilings and excellent overall condition. it's Just minutes from bus stops, the D train, the vibrant 86th Street shopping corridor, and with easy access to the Belt Parkway — making this a truly convenient and desirable investment opportunity!
FINANCIAL SUMMARY (ACTUAL - 2024) Click Here to Access |
ANNUAL | ANNUAL PER SF |
|---|---|---|
| Gross Rental Income |
$99,999
|
$9.99
|
| Other Income |
-
|
-
|
| Vacancy Loss |
-
|
-
|
| Effective Gross Income |
$99,999
|
$9.99
|
| Taxes |
-
|
-
|
| Operating Expenses |
-
|
-
|
| Total Expenses |
$99,999
|
$9.99
|
| Net Operating Income |
$99,999
|
$9.99
|
FINANCIAL SUMMARY (ACTUAL - 2024) Click Here to Access
| Gross Rental Income | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Other Income | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Vacancy Loss | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Effective Gross Income | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Taxes | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Operating Expenses | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Total Expenses | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Net Operating Income | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
PROPERTY FACTS
Sale Type
Investment or Owner User
Property Type
Retail
Property Subtype
Storefront Retail/Residential
Building Size
5,358 SF
Building Class
C
Year Built
1945
Price
$2,190,000
Price Per SF
$408.73
Cap Rate
6%
NOI
$131,400
Percent Leased
100%
Tenancy
Multiple
Building Height
3 Stories
Building FAR
2.46
Lot Size
0.05 AC
Zoning
R5, Brooklyn - Medium density district with a height limit of 40 feet
Frontage
20’ on Bath Ave
Walk Score®
Walker's Paradise (93)
Transit Score®
Excellent Transit (81)
Bike Score®
Very Bikeable (72)
NEARBY MAJOR RETAILERS
PROPERTY TAXES
| Parcel Numbers | Improvements Assessment | $983,700 (2025) | |
| Land Assessment | $22,500 (2025) | Total Assessment | $1,006,200 (2025) |
PROPERTY TAXES
Parcel Numbers
Land Assessment
$22,500 (2025)
Improvements Assessment
$983,700 (2025)
Total Assessment
$1,006,200 (2025)
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2339 Bath Ave
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