8510 Bay 16th Street Brooklyn, NY 11214
COMMERCIAL - Brooklyn, NY
- Added:
- Feb 20, 2026
- Days on Market:
- 142
- Last Refresh:
- Jul 12 at 2:06 am
Property Features for 8510 Bay 16th Street
General Information
- Property type
- Commercial Sale
- Property subtype
- Office
- Zoning
- R5/C1-2
- Basement
- Finished, Full
- Standard status
- Active
- Size
- 7,311 SF
- Lot size
- 0.09 Acres
Taxes and HOA fees
- Tax Annual Amount
- 45854
Building Details
- Year built
- 1996
- Floors in Building
- 2
- Flooring type
- Tile, Hardwood
- Building materials
- Masonry, Steel
- Roof type
- Flat
Listing agent Jason Zhou License #10301217017 (718) 612-3088
Listing office RE/MAX Edge 1812 Bath Ave, Brooklyn, NY (718) 612-3088
Listing date Feb 20, 2026
Copyright © 2026 Brooklyn New York Multiple Listing Service. 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.
The building sits on a 38 by 103 ft lot with a private driveway. Zoning is listed as R5/C1-2 overlay, and the property has been operating with five commercial tenants: a long-established dental office on the 1st floor front, a construction company office on the 1st floor rear, a limousine service company on the 2nd floor front, a dental lab on the 2nd floor rear, and a usable basement occupied by a spice company.
Currently fully occupied, the building is being offered as a stabilized income-producing asset based on reported annual income of approximately $191,400 and an NOI of approximately $134,546. For buyers or brokers seeking a smaller, multi-tenant office configuration with dedicated mechanical systems and separate access points, this property presents a straightforward operational setup across its floors and basement.
Key Highlights
- High annual income of approximately $191,400 with a Net Operating Income (NOI) of $134,546.
- Fully occupied commercial building with 5 tenants, providing immediate and diversified income streams.
- Rare C1‑2/R5 overlay zoning offers flexibility and potential for various commercial and residential uses.
Local Financial Insights For Office B
Simulate Cap Rate and NOI
NOI Build-Up
- 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.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $333.4k | $45.60 |
| − Vacancy | −$65.0k | −$8.89 |
| EGI | $268.4k | $36.71 |
| − OpEx | −$67.1k | −$9.18 |
| NOI | $201.3k | $27.53 |
