268 Bay Ridge Avenue Brooklyn, NY 11220
COMMERCIAL - Brooklyn, NY
Property size:
6,362 SFLot size:
0.21 AcresPrice / SF:
$487/SF- Added:
- Jun 25, 2025
- Days on Market:
- 312
- Last Refresh:
- May 2 at 6:06 pm
Property Features for 268 Bay Ridge Avenue
General Information
- Property type
- Commercial Sale
- Property subtype
- Other
- Zoning
- C1-4
- Parking features
- Garage
- Basement
- Full
- Standard status
- Active
- Size
- 6,362 SF
- Lot size
- 0.21 Acres
Taxes and HOA fees
- Tax Annual Amount
- 14623
Building Details
- Year built
- 2015
- Number of units
- 3
- Flooring type
- Ceramic
- Building materials
- Brick
- Roof type
- Flat
Listing agent Jian Yang (Carey) (718) 838-2600
Listing office Exit Realty Professionals 6203 18th Avenue, Brooklyn, NY (718) 838-2600
Listing date Jun 25, 2025
MLS# 493753
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Overview
Brooklyn Commercial Investment Opportunity
This commercial property in Brooklyn, NY, presents an investment opportunity with two retail stores, one community facility, and ten indoor parking spots offered as a package deal. Store #S1, measuring 2970 square feet, is currently leased to a Tae Kwon Do school with a monthly rent of $5,227, plus common charges of $959.68 and property taxes of $7,347.44 annually. Store #S2, a bakery occupying 2,292 square feet, pays $3,500 per month with a 3% yearly increase, along with common charges of $751 and annual property taxes of $5,761. The community facility, #CF, is 1200 square feet and is rented as a storage space for $2,060 per month, plus common charges of $289 and yearly property taxes of $771. All three stores operate under triple net leases. Additionally, the seller collects $3,360 monthly from the ten indoor parking spots, with annual common charges of $743 and a property insurance premium of $3,050. The seller's total yearly expenses are $4,103. The building generates a net yearly income of $164,291, representing a 5.3% cap rate. The seller is open to owner's financing with a 35% or higher down payment. The property is located in Bay Ridge and has a lot size of 0.2059 acres. The property's zoning is C1-4.
Property Profile
Insight Report
Location Intelligence
Current Use by Public Records
Glory Martial Arts ...
Training Center
Location Insight
- Map
- Local Demand
- City
- Brooklyn
- County
- Kings
- State
- New York
- Longitude
- -74.026448
- Latitude
- 40.635806
Nearby Similar for Sale
FAQs
What type of property is this?
Retail space - New construction retail and parking with income potential in Brooklyn.
Where is this retail space located?
The property is located at 268 Bay Ridge Avenue Brooklyn, NY.
What is the asking price?
The asking price for this property is $3,100,000.
What are key features of this property?
This property features: High Net Yearly Income: Generates $164,291 in net yearly income, offering a 5.3% cap rate.; Package Deal: Includes two commercial stores, one community facility, and ten indoor parking spots.; Triple Net Leases: Stores #S1, #S2, and #CF have triple net leases, simplifying management.
