3-Storefront Retail
268 Bay Ridge Avenue, Brooklyn, NY 11220
For Sale
$3,100,000
Commercial, Brooklyn, NY
Property Size6,362 SF
Lot Size0.21 Acres
Price / SF$487.27
Days on Market149
Property Features for 268 Bay Ridge Avenue
General Information
Property type
Property subtype
Zoning
Parking features
Basement
Subdivision
Standard status
Size
Lot size
Taxes and HOA fees
Tax Annual Amount
Building Details
Year built
Floors in Building
Number of units
Flooring type
Building materials
Roof type
Listing Agency:
RE/MAX Real Estate Professiona
Listed By:
Siu Kit Wong · License NY SW6470
(718) 532-2000
Added: Jun 19
Changed: Oct 1
Last Checked: Nov 14 at 12:06AM
MLS# 502425
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.
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Investment Insights
Based on property information with market context.
The property comprises three storefronts totaling 6,362 square feet, supported by 10 indoor parking spaces within a garage. Built in 2015, the building features brick construction, ceramic flooring, and a flat roof. C1-4 zoning applies to the property, and the stores are leased on a triple-net basis.
Positioned on Bay Ridge Avenue in Brooklyn near 3rd Avenue, the property has bus service along Bay Ridge Avenue and 3rd Avenue, with R train access on 4th Avenue. Nearby commercial uses include banks, restaurants, bakeries, and bars.
Positioned on Bay Ridge Avenue in Brooklyn near 3rd Avenue, the property has bus service along Bay Ridge Avenue and 3rd Avenue, with R train access on 4th Avenue. Nearby commercial uses include banks, restaurants, bakeries, and bars.
Key Highlights
- Three storefronts totaling 6,362 square feet
- 10 indoor parking spaces in a garage
- Built in 2015 with brick construction
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$167,964
Cap Rate
5.42%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$3,359,280
$3.4M
Cap Rate 7%
$2,399,486
$2.4M
Cap Rate 9%
$1,866,267
$1.9M
Market Conditions
NOI Build-Up for 6,362 SF
Gross rent
$267.2K $42.00/SF
− Vacancy
−$27.3K −$4.28/SF
EGI
$239.9K $37.72/SF
− OpEx
−$72.0K −$11.31/SF
NOI
$168.0K $26.40/SF
Area
ZIP 11220
Vacancy
10.20%
Lease Rate
$42.00 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$3,359,280
Cap Rate 7%
$2,399,486
Cap Rate 9%
$1,866,267
Alternative Uses
Best Use
Retail
$2.40M
$2.10M – $2.80M
NOI $167,964 @ 7.0% cap · market cap 5.42%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$4.12M
$3.61M – $4.81M
NOI $288,702 @ 7.0% cap · market cap 9.31%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Who owns this building?
See the owner, sales and loan history
Open Analytics
Current Use
Lease Details
Multi-tenant
Tenancy
Location Intelligence
Trade Area within ½ mile
4,238
Businesses Nearby
147k
Monthly Visits Nearby
Under-served
Demand for This Use
Explore this area
Business Placement
Foot Traffic Nearby
Shops & Services 60%
Groceries 20%
Dining 19%
Home Improvements & Furnishings 1%
BP
Shops & Services
17,603 visits/mo
0.3 miles
7-Eleven
Shops & Services
17,278 visits/mo
0.3 miles
SuperFresh
Groceries
16,616 visits/mo
0.1 miles
Starbucks
Dining
15,586 visits/mo
0.3 miles
Chase Bank
Shops & Services
13,325 visits/mo
0.4 miles
Demographics for 11220, NY
105,797
Population
30,897
Households
3.4
Avg Household Size
35
Median Age
25%
College-Educated
62%
High-School Grad
1.7 sq mi
ZIP Area
62,234
Density / Sq Mi
$64,201
Median Household Income
$31,489
Median Earnings
$1,688
Median Rent
$1,021,200
Median Home Value
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Cap Rate, Value Estimation, Potential NOI and more
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Market
Average Price Trend$/SF for Storefront properties in Brooklyn, NY
Properties on Market for Storefront properties in Brooklyn
Vacancy Rate% for Retail in Northeast region
Similar Off Market Nearby
- Outdoor Plants NYC — 7811 3rd Ave #763, Brooklyn, NY 11209
- 2 corazones flower shop — 514 77th St, Brooklyn, NY 11209
- Enchanted Florist — 7515 5th Ave, Brooklyn, NY 11209
- House Of Green — 7118 Fort Hamilton Pkwy, Brooklyn, NY 11228
- Parkway Flower Shop — 6916 fort hamilton pkwy, brooklyn, ny 11228
Frequently Asked Questions
What type of property is this?
Storefront property - Brick construction, triple-net tenancy, and indoor garage parking support a practical commercial configuration.
Where is this storefront property located?
The property is located at 268 Bay Ridge Avenue Brooklyn, NY.
What is the asking price?
The asking price for this property is $3,100,000.
What are key features of this property?
This property features: Three storefronts totaling 6,362 square feet; 10 indoor parking spaces in a garage; Built in 2015 with brick construction
