Mixed-Use Apartment Building with
For Sale
$3,500,000
8325 5 Ave Bay, Ridge, NY 11209
COMMERCIAL - Bay Ridge, NY
Property Size8,502 SF
Lot Size0.16 Acres
Price / SF$411.67
Days on Market165
Property Features for 8325 5 Ave Bay
General Information
Property type
Commercial Sale
Property subtype
Other
Bathrooms
10
Full bathrooms
6
Half bathrooms
4
Rooms
Bathroom 3, Bathroom 9, Bathroom 5, Bathroom 1, Bathroom 10, Bathroom 6, Bathroom 2, Bathroom 8, Bathroom 4, Bathroom 7
Subdivision
Bay Ridge
Standard status
Active
Lot size
0.16 Acres
Taxes and HOA fees
Tax Year
2025
Tax Annual Amount
58415
Utilities
Heating system
Natural Gas
Building Details
Year built
1925
Flooring type
Hardwood
Building materials
Stucco
Listing Agency:
EAST COAST NEW YORK
(718) 428-2900
Listed By:
Xue Qin Lin
(917) 974-0992
Added: Mar 9
Changed: Aug 4
Last Checked: Aug 20 at 8:06AM
MLS# 11669680
Copyright © 2026 My State MLS. 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.
This mixed-use Bay Ridge apartment building includes 6 residential units and 4 commercial storefronts, along with a parking lot. The property is constructed of stucco and offers hardwood flooring, with natural gas heating throughout. Built in 1925, the building supports both residential and retail storefront use on-site.
The property is positioned on a high foot- and vehicle-traffic corner at 84 St & 5 Ave in Bay Ridge. It is described as surrounded by retail, restaurants, and health clinics, with convenient transportation options including access to the R train.
Additional site details include a lot size listed as 26x110' IRR (7,047 SF) and building dimensions listed as 26x109' (8,502 SF).
The property is positioned on a high foot- and vehicle-traffic corner at 84 St & 5 Ave in Bay Ridge. It is described as surrounded by retail, restaurants, and health clinics, with convenient transportation options including access to the R train.
Additional site details include a lot size listed as 26x110' IRR (7,047 SF) and building dimensions listed as 26x109' (8,502 SF).
Key Highlights
- Corner location at 84 St & 5 Ave in Bay Ridge, Brooklyn
- 6 residential units plus 4 commercial storefronts
- Parking lot included
Financial Insights
Estimated NOI and Cap Rate
NOI = area × lease_rate × (100 − vacancy) / 100 × (1 − expense_ratio). Net Operating Income — what the owner takes home each year before mortgage payments and income tax. Effective rent (asking rent minus vacancy losses) minus operating costs (taxes, insurance, maintenance, management).
NOI / Yr
$166,223
Cap rate = NOI / list price × 100. Capitalization rate — annual return on a fully cash purchase, before financing. NOI divided by price. Higher means more income per dollar invested, but usually also more risk or older condition. 5–8% is typical for stabilized commercial property; double digits often signal distressed deals.
Cap Rate
4.75%
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$3,324,460
$3.3M
Cap Rate 7%
$2,374,614
$2.4M
Cap Rate 9%
$1,846,922
$1.8M
Market Conditions
NOI Build-Up for 8,502 SF
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.
Gross rent
$255.1K $30.00/SF
− Vacancy
−$17.6K −$2.07/SF
EGI
$237.5K $27.93/SF
− OpEx
−$71.2K −$8.38/SF
NOI
$166.2K $19.55/SF
Area
Suffolk County, NY
Vacancy
6.90%
Lease Rate
$30.00 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$3,324,460
Cap Rate 7%
$2,374,614
Cap Rate 9%
$1,846,922
Alternative Uses
Best Use
Retail
$2.37M
$2.08M – $2.77M
NOI $166,223 @ 7.0% cap · market cap 4.75%
Second Best
Apartment 5plus
$2.16M
$1.89M – $2.52M
NOI $151,102 @ 7.0% cap · market cap 4.32%
Theoretical Best
Office A
$2.59M
$2.27M – $3.02M
NOI $181,307 @ 7.0% cap · market cap 5.18%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Current Use
Lease Details
6
Residential units
Multi-tenant
Tenancy
Yes
Paved road access
Location Intelligence
Trade Area within ½ mile
4,763
Businesses Nearby
Explore this area
Business Placement
Demographics for 11209, NY
73,239
Population
33,286
Households
2.2
Avg Household Size
40
Median Age
53%
College-Educated
90%
High-School Grad
2.1 sq mi
ZIP Area
34,876
Density / Sq Mi
$92,656
Median Household Income
$62,455
Median Earnings
$1,857
Median Rent
$905,700
Median Home Value
Market
Vacancy Rate% for Multifamily in Northeast region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Apartment building - Apartment building featuring 6 residential units and 4 commercial storefronts, built in 1925 with natural gas heating.
Where is this apartment building located?
The property is located at 8325 5 Ave Bay Ridge, NY.
What is the asking price?
The asking price for this property is $3,500,000.
What are key features of this property?
This property features: Corner location at 84 St & 5 Ave in Bay Ridge, Brooklyn; 6 residential units plus 4 commercial storefronts; Parking lot included
