8510 Bay 16th St Brooklyn, NY 11214
Fully occupied commercial building with strong income and growth potential.
- Added:
- Apr 24, 2026
- Days on Market:
- 80
- Last Refresh:
- Jul 2 at 2:39 pm
Property Features for 8510 Bay 16th St
General Information
- Standard status
- Active
- Size
- 7,311 SF
- Property subtype
- Commercial
Building Details
- Year Built
- 1996
Listing office Womcore LLC dba Remax Edge (718) 612-3088
Listing date Apr 24, 2026
Source Elliman
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 Womcore LLC dba Remax Edge
Investment Insights
Based on property information with market context.
Key Highlights
- High Annual Income: Generating approximately $191,400 annually with a Net Operating Income (NOI) of $134,546.
- Fully Occupied: Currently 100% leased by 5 commercial tenants.
- Desirable Zoning: C1‑2/R5 overlay zoning offers flexible usage options.
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 |
