Storefront Property with Three NNN
For Sale
$3,100,000
268 Bay Ridge Avenue, Brooklyn, NY 11220
COMMERCIAL - Brooklyn, NY
Property Size6,362 SF
Lot Size0.21 Acres
Price / SF$487.27
Days on Market46
Property Features for 268 Bay Ridge Avenue
General Information
Property type
Commercial Sale
Property subtype
Other
Zoning
c1-4
Parking features
Garage
Basement
Full
Subdivision
Bay Ridge
Standard status
Active
Size
6,362 SF
Lot size
0.21 Acres
Taxes and HOA fees
Tax Annual Amount
14623
Building Details
Year built
2015
Floors in Building
3
Number of units
3
Flooring type
Ceramic
Building materials
Brick
Roof type
Flat
Listing Agency:
RE/MAX Real Estate Professiona
(718) 532-2000
Listed By:
Siu Kit Wong · License #SW6470
(718) 532-2000
Added: Jun 19
Changed: Jul 30
Last Checked: Aug 3 at 7:06PM
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.
Investment Insights
Based on property information with market context.
Storefront property with three separate stores and triple-net tenants, totaling 6,362 SF on a 0.2059-acre lot. The brick construction includes a flat roof and ceramic flooring. The offering also includes 10 in-door parking spaces and a garage parking feature, supporting on-site convenience for customers and staff.
Zoned C1-4, the property is located on Bay Ridge Avenue in Brooklyn. Public transportation access includes buses on Bay Ridge Ave and 3rd Ave, with the R train on 4th Ave.
Built in 2015, the building is described as requiring almost no repair. The asset is positioned for investors seeking a multi-store NNN setup or for a self-user looking for additional storefront flexibility alongside existing tenants.
Zoned C1-4, the property is located on Bay Ridge Avenue in Brooklyn. Public transportation access includes buses on Bay Ridge Ave and 3rd Ave, with the R train on 4th Ave.
Built in 2015, the building is described as requiring almost no repair. The asset is positioned for investors seeking a multi-store NNN setup or for a self-user looking for additional storefront flexibility alongside existing tenants.
Key Highlights
- Three triple‑net leased stores
- 6,362 SF storefront total
- 0.2059‑acre lot
Financial Insights For 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 | $267.2k | $42.00 |
| − Vacancy | −$27.3k | −$4.28 |
| EGI | $239.9k | $37.72 |
| − OpEx | −$72.0k | −$11.31 |
| NOI | $168.0k | $26.40 |
6,362 SF · lease $42.00/SF/yr · vacancy 10.20% · expense 30.00%
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.
Property Analytics
Property Profile
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
Market
Vacancy Rate% for Retail in Northeast region
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
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Frequently Asked Questions
What type of property is this?
Storefront property - Storefront property zoned C1-4, built in 2015, offering three triple-net leased stores totaling 6,362 SF.
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 triple‑net leased stores; 6,362 SF storefront total; 0.2059‑acre lot
