Mixed-Use Building with
For Sale
$3,500,000
8325 5 Ave Bay, Ridge, NY 11209
COMMERCIAL - Bay Ridge, NY
Property Size8,502 SF
Lot Size0.16 Acres
Price / SF$411.67
Days on Market165
Property Features for 8325 5 Ave Bay
General Information
Property type
Commercial Sale
Property subtype
Other
Subdivision
Bay Ridge
Standard status
Active
Lot size
0.16 Acres
Taxes and HOA fees
Tax Year
2025
Tax Annual Amount
58415
Utilities
Heating system
Natural Gas
Building Details
Year built
1925
Flooring type
Hardwood
Listing Agency:
EAST COAST NEW YORK
(718) 428-2900
Listed By:
Xue Qin Lin
(917) 974-0992
Added: Mar 9
Changed: Aug 4
Last Checked: Aug 20 at 11:06AM
MLS# 11669722
Copyright © 2026 My State MLS. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
Investment Insights
Based on property information with market context.
This mixed-use property contains 6 residential units and 4 commercial storefronts within a building measuring 8,502 square feet. The residential component includes 2 two-bedroom apartments and 4 one-bedroom apartments. Hardwood flooring and natural gas heating are among the reported building features, and the structure was built in 1925.
The property occupies a 26-by-110-foot lot, with a building footprint measuring 26 by 109 feet. It is positioned at 84 St and 5 Ave in Bay Ridge, near stores, restaurants, health clinics, and transportation options including the R train. An on-site parking lot adds an additional component to the mixed-use configuration.
The property occupies a 26-by-110-foot lot, with a building footprint measuring 26 by 109 feet. It is positioned at 84 St and 5 Ave in Bay Ridge, near stores, restaurants, health clinics, and transportation options including the R train. An on-site parking lot adds an additional component to the mixed-use configuration.
Key Highlights
- 6 residential units: 2 two‑bedroom apartments and 4 one‑bedroom apartments
- 4 commercial storefronts within an 8,502‑square‑foot mixed‑use building
- 26110 lot with a 26109 building footprint
Financial Insights
Estimated NOI and Cap Rate
NOI = area × lease_rate × (100 − vacancy) / 100 × (1 − expense_ratio). Net Operating Income — what the owner takes home each year before mortgage payments and income tax. Effective rent (asking rent minus vacancy losses) minus operating costs (taxes, insurance, maintenance, management).
NOI / Yr
$166,223
Cap rate = NOI / list price × 100. Capitalization rate — annual return on a fully cash purchase, before financing. NOI divided by price. Higher means more income per dollar invested, but usually also more risk or older condition. 5–8% is typical for stabilized commercial property; double digits often signal distressed deals.
Cap Rate
4.75%
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$3,324,460
$3.3M
Cap Rate 7%
$2,374,614
$2.4M
Cap Rate 9%
$1,846,922
$1.8M
Market Conditions
NOI Build-Up for 8,502 SF
Vacancy — income lost from leasable area expected to sit empty during the year, subtracted from gross rent.
EGI (Effective Gross Income) — gross rent minus vacancy losses, the realistic income before paying operating costs.
OpEx (Operating Expenses) — recurring costs to operate the property (property tax, insurance, utilities, maintenance, management); excludes financing and capital improvements.
NOI (Net Operating Income) — income a property generates after operating costs but before financing and taxes.
Gross rent
$255.1K $30.00/SF
− Vacancy
−$17.6K −$2.07/SF
EGI
$237.5K $27.93/SF
− OpEx
−$71.2K −$8.38/SF
NOI
$166.2K $19.55/SF
Area
Suffolk County, NY
Vacancy
6.90%
Lease Rate
$30.00 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$3,324,460
Cap Rate 7%
$2,374,614
Cap Rate 9%
$1,846,922
Alternative Uses
Best Use
Retail
$2.37M
$2.08M – $2.77M
NOI $166,223 @ 7.0% cap · market cap 4.75%
Second Best
Mixed Use
$2.16M
$1.89M – $2.52M
NOI $151,353 @ 7.0% cap · market cap 4.32%
Theoretical Best
Office A
$2.59M
$2.27M – $3.02M
NOI $181,307 @ 7.0% cap · market cap 5.18%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Current Use
Lease Details
6
Residential units
Multi-tenant
Tenancy
Location Intelligence
Trade Area within ½ mile
4,763
Businesses Nearby
Explore this area
Business Placement
Demographics for 11209, NY
73,239
Population
33,286
Households
2.2
Avg Household Size
40
Median Age
53%
College-Educated
90%
High-School Grad
2.1 sq mi
ZIP Area
34,876
Density / Sq Mi
$92,656
Median Household Income
$62,455
Median Earnings
$1,857
Median Rent
$905,700
Median Home Value
Market
Vacancy Rate% for Multifamily in Northeast region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Mixed-use property - Corner property combines residential units, commercial storefronts, and an on-site parking lot.
Where is this mixed-use property located?
The property is located at 8325 5 Ave Bay Ridge, NY.
What is the asking price?
The asking price for this property is $3,500,000.
What are key features of this property?
This property features: 6 residential units: 2 two‑bedroom apartments and 4 one‑bedroom apartments; 4 commercial storefronts within an 8,502‑square‑foot mixed‑use building; 26*110 lot with a 26*109 building footprint
