Bay Ridge Mixed-Use Investment
10 Bay Ridge Avenue Brooklyn, NY 11220
10 Bay Ridge Avenue, Brooklyn, NY, 11220
$2,169,000
For Sale
$2,169,000
Mixed-use building with cafe and two residential units.
Property Size3,960 SF
Price / SF$547.73
Days on Market72
Property Features for 10 Bay Ridge Avenue
General Information
- Standard status
- Active
- Size
- 3,960 SF
- Property subtype
- Mixed Use
Building Details
- Year Built
- 1928
Listing Agency
RE/MAX Edge
(718) 612-3088
Listed by
Sumei Lan · License #sl4755
(718) 612-3088
Source
Compass
Added: May 9 Checked: Jul 17 at 6:26 am
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of RE/MAX Edge
Investment Insights
Based on property information with market context.
This well-maintained mixed-use property in Bay Ridge features a ground-floor commercial space and two residential units. The commercial space is currently occupied by an established café, which includes indoor seating, rustic finishes, street presence, and a fully equipped prep/work area. Above the store are two 3-bedroom, 1-bath residential units. These units feature generously sized rooms, abundant natural light, and functional open layouts. The kitchens are well-maintained with ample cabinetry, and the living and dining areas are spacious. The bathrooms have been updated. The second-floor unit includes a private balcony. The property has separate heat and hot water systems. The property is located near shopping, dining, transportation, and other amenities in Bay Ridge. The property size is 3960 square feet.
Key Highlights
- Great Location on Major Hwy
- Rustic and Ready
- Various types of businesses will fit
Local Financial Insights For Specialty Retail
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 | $180.6k | $45.60 |
| − Vacancy | −$13.5k | −$3.42 |
| EGI | $167.0k | $42.18 |
| − OpEx | −$41.8k | −$10.55 |
| NOI | $125.3k | $31.64 |
3,960 SF · lease $45.60/SF/yr · vacancy 7.50% · expense 25.00%
Alternative Uses
Best Use
Specialty Retail
$1.79M
$1.57M – $2.09M
NOI $125,275 @ 7.0% cap · market cap 5.78%
Second Best
Mixed Use
$1.56M
$1.37M – $1.82M
NOI $109,296 @ 7.0% cap · market cap 5.04%
Theoretical Best
Office A
$2.57M
$2.25M – $3.00M
NOI $179,702 @ 7.0% cap · market cap 8.29%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use by Public Records
Pier 69 Market
Take-out & Catering
Similar For Sale Nearby
FAQs
What type of property is this?
Mixed-use property - Mixed-use building with cafe and two residential units.
Where is this mixed-use property located?
The property is located at 10 Bay Ridge Avenue Brooklyn, NY.
What is the asking price?
The asking price for this property is $2,169,000.
What are key features of this property?
This property features: Great Location on Major Hwy; Rustic and Ready; Various types of businesses will fit
