Brooklyn Commercial Building For
8510 Bay 16th Street, Brooklyn, NY 11214
COMMERCIAL - Brooklyn, NY
Type:Office
Property size:
7,311 SFLot size:
0.09 AcresPrice / SF:
$407/SF- Added:
- Feb 20, 2026
- Days on Market:
- 92
- Last Refresh:
- May 23 at 3:06 pm
Property Features for 8510 Bay 16th Street
General Information
- Property type
- Commercial Sale
- Property subtype
- Office
- Zoning
- R5/C1-2
- Basement
- Full, Finished
- 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
MLS# 499099
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.
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.
- Building features an elevator, 4 separate entrances, 5 separate water heaters, and 5 independent HVAC systems.
- Total building size of approximately 7,311 SF across three floors (including a usable basement).
- Private driveway offers convenient parking and access.
Overview
This commercial building, constructed in 1996, features C1-2/R5 overlay zoning and is currently fully occupied by five commercial tenants. The first floor measures approximately 30 by 103 feet (about 3,111 square feet) and houses a long-established dental office in the front and a construction company office in the rear. The second floor and basement each measure approximately 30 by 70 feet. The total building size is roughly 7,311 square feet. Situated on a 38 by 103 foot lot, the property includes a private driveway. Additional features include an elevator providing access from the basement to the top floor, four separate entrances, five separate water heaters, and five independent HVAC systems. The usable basement is occupied by a spice company, while the second floor accommodates a limousine service company in the front and a dental lab in the rear. The property generates approximately $191,400 in annual income with a net operating income of $134,546, offering potential for future income growth.
Financial Insights
Value Estimation Calculated for Office B
Conservative
$2.24M
NOI $201,279 @ 9.00% cap · cautious / downside scenario
Moderate
$2.88M
NOI $201,279 @ 7.00% cap · market / base-case scenario
Aggressive
$4.03M
NOI $201,279 @ 5.00% cap · optimistic / upside scenario
NOI & Cap Rate Calculator
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.
Calculated for Office B
| 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 |
7,311 SF · lease $45.60/SF/yr · vacancy 19.50% · expense 25.00%
Alternative Use Scenarios
Best Use
Office B
$2.88M
$2.52M – $3.35M
NOI $201,279 @ 7.0% cap · market cap 6.75%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$4.26M
$3.73M – $4.98M
NOI $298,541 @ 7.0% cap · market cap 10.02%
Zoning and permitted uses should be independently verified with local authorities.
Property Profile
Location Intelligence
Current Use by Public Records
Lawrence A. Berger, DDS
Dental Office
A Center For Dental Excellence
Dental Office
Maldonado Construction Group ...
Construction Company
Fam Karas Dental ...
Dental Office
ISOLAB FOR DENTAL TECHNOLOGY
Dental Office
Location Insight
- Map
- Local Demand
- City
- Brooklyn
- County
- Kings
- State
- New York
- Longitude
- -74.003992
- Latitude
- 40.608618
Nearby Similar for Sale
FAQs
What type of property is this?
Office building - Commercial building with five tenants, elevator, and private driveway.
Where is this office building located?
The property is located at 8510 Bay 16th Street Brooklyn, NY.
What is the asking price?
The asking price for this property is $2,980,000.
What are key features of this property?
This property features: 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.
