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8510 Bay 16Th St Brooklyn, NY 11214

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For Sale
$3,100,000

Fully occupied commercial building with strong income and growth potential.

Property size:
7,311 SF
Lot size:
3,927.00 Acres

Property Features for 8510 Bay 16Th St

General Information

Standard status
Active
Size
7,311 SF
Lot size
3,927.00 Acres

Building Details

Year built
1996

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Listing Contact
Jason Zhou
Jason Zhou
Source: Crexi

Listing Agency: REMAX EDGE Listing Agent: Jason Zhou

Displayed information is deemed reliable but is not guaranteed and should be independently verified.

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Overview

Commercial Building with Income Potential

This commercial building, constructed in 1996, features C1-2/R5 overlay zoning and is currently fully occupied by five commercial tenants. The first floor measures approximately 30x103 ft (about 3,111 SF), while the second floor and basement each measure approximately 30x70 ft, resulting in a total area of roughly 7,311 SF. The building is situated on a 38x103 ft lot and includes a private driveway. The property features an elevator providing access from the basement to the top floor, along with four separate entrances. It also includes five separate water heaters and five independent HVAC systems. The property generates approximately $191,400 in annual income with a Net Operating Income (NOI) of $134,546, presenting an investment opportunity with potential for future income growth.
Location Intelligence

Current Use by Public Records

Lawrence A. Berger, DDS Dental Office A Center For Dental Excellence Dental Office Maldonado Construction Group ... Construction Company Fam Karas Dental ... Dental Office ISOLAB FOR DENTAL TECHNOLOGY Dental Office

Suggested Use

Law Firm Restaurant Real Estate Agency Spa & Massage Center Dental Office Hair Salon Nail Salon Food Market Gym & Fitness Center Skin Care Clinic

Zoning and permitted uses should be independently verified with local authorities.

Location Insight

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City
Brooklyn
County
Kings
State
New York
Longitude
-74.003992
Latitude
40.608618

FAQs

What type of property is this?
Mixed-use property - Fully occupied commercial building with strong income and growth potential.
Where is this mixed-use property located?
The property is located at 8510 Bay 16Th St 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: - 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.; - Unique Features: Includes an elevator, 4 separate entrances, 5 separate water heaters, and 5 independent HVAC systems.
More about this property
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