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Commercial Building with Income Potential

8510 Bay 16th Street, Brooklyn, NY 11214

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For Sale

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Fully occupied commercial building with strong income and growth potential.

Type:Office, Retail

Property size:

7,311 SF

Lot size:

0.09 Acres

Price / SF:

$424/SF

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.
Unique Features: Includes an elevator, 4 separate entrances, 5 separate water heaters, and 5 independent HVAC systems.
C1‑2/R5 Overlay Zoning: Provides flexible usage options.
Private Driveway: Situated on a 38x103 ft lot with a private driveway.
Substantial Square Footage: Approximately 7,311 SF across three floors (basement, 1st, and 2nd).

We can help!

Contact an agent

Jason Zhou

For Sale

Contact for pricing

Fully occupied commercial building with strong income and growth potential.

Type:Office, Retail

Property size:

7,311 SF

Lot size:

0.09 Acres

Price / SF:

$424/SF

Added:: Feb 21, 2026
Days on Market:: 130
Last Refresh:: Mar 17 at 1:16 pm

Property Features for 8510 Bay 16th Street

General Information

Standard status: Active
Size: 7,311 SF
Lot size: 0.09 Acres
Property subtype: Office, Retail

Building Details

Year Built: 1996

We can help!

Contact an agent

Jason Zhou

Listing office REMAX EDGE

Listing date Feb 21, 2026

Source Crexi

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 REMAX EDGE

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.
Unique Features: Includes an elevator, 4 separate entrances, 5 separate water heaters, and 5 independent HVAC systems.
C1‑2/R5 Overlay Zoning: Provides flexible usage options.
Private Driveway: Situated on a 38x103 ft lot with a private driveway.
Substantial Square Footage: Approximately 7,311 SF across three floors (basement, 1st, and 2nd).

Overview

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.

Local Financial Insights For Office B

Simulate Cap Rate and NOI

NOI Build-Up

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

7,311 SF · lease $45.60/SF/yr · vacancy 19.50% · expense 25.00%

Alternative Uses

Best Use

Office B

$2.88M

$2.52M – $3.35M (±1% cap)

NOI $201,279 @ 7.0% cap · market cap 6.49%

Second Best

Mixed Use

$2.22M

$1.94M – $2.59M (±1% cap)

NOI $155,192 @ 7.0% cap · market cap 5.01%

Theoretical Best

Office A

$4.26M

$3.73M – $4.98M (±1% cap)

NOI $298,541 @ 7.0% cap · market cap 9.63%

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

Property Profile 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

Location Insight

Map
Local Demand

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

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For sale
Mixed-use properties
NY
Brooklyn
11214
8510 Bay 16th Street

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 Street 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.