1844 Bath AveBrooklyn, NY 11214

Property Details for 1844 Bath Ave

Year built

1931

Lot size

0.08 AC

Property size (Sq ft)

7,174 SF

Zone code

R5

Property type

Investment properties

Property subtype

Live-work space

APN

06437-0038

APU

64370038

Description

This exceptional 1,500 square foot retail space is ideally situated in the heart of Bath Beach, Brooklyn. Located at 1844 Bath Avenue, this single-tenant property offers a fantastic opportunity for a variety of businesses. Built in 1931, the building is in good condition and boasts a spacious first floor commercial area perfect for retail operations. The property also includes convenient access to a sizable backyard, providing additional space for outdoor activities or storage. A full, finished basement offers ample storage solutions, addressing the needs of any growing business. The location is highly accessible, with proximity to public transportation, including the B64 bus route and the D train, ensuring easy commutes for both employees and customers. The lot size is a generous 3,692 square feet, offering potential for expansion or outdoor display areas (subject to zoning regulations). This property presents a rare opportunity to establish a thriving business in a vibrant and well-connected Brooklyn neighborhood. The Kings County location provides access to a strong customer base and a thriving local economy. This is a single-suite property, offering a unique and private business environment.

• CAP approach

  CAP return

  Valuation

  6%

  $1,352,250

  6.5%

  $1,248,230

  7%

  $1,159,070

• Comparable approach

  Method

  Valuation

  Relative Method

  $956,102

  Geo Method

  $956,102

• Alternative Use

  Use

  Valuation

  Industrial / Distribution

  $2,442,890

  Retail / Commercial

  $1,252,700

  Hospitality / Lodging

  $915,790

  Office

  $1,240,820

  Institutional / Educational

  $1,297,660

  Residential Income

  $1,518,260

  Multifamily

  $1,820,920

  Automotive / Energy

  $1,112,280

  Parking / Income-Based Land

  $383,834

  Restaurant / Food Service

  $649,216

  Healthcare / Senior Housing

  $1,280,040

Location Insight

City

Brooklyn

County

Kings

State

New York

Latitude

40.603

Longitude

-74.005

CBSA code

35620

CBSA name

NEW YORK-NORTHERN NEW JERSEY-LONG ISLAND, NY-NJ-PA METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

FAQs

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