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Commercial Building with Income Potential

8510 Bay 16th St, Brooklyn, NY 11214

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For Sale

$2,980,000

Fully occupied commercial building with strong income and growth potential.

Type:Commercial

Property size:

7,311 SF

Price / SF:

$407/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.
Desirable Zoning: C1‑2/R5 overlay zoning offers flexible usage options.
Significant Size: Approximately 7,311 SF building size with a usable basement.
Convenient Features: Includes an elevator, 4 separate entrances, 5 water heaters, and 5 independent HVAC systems.
Excellent Location: Walker's Paradise (walkScore 96) and Excellent Transit (transitScore 84).

We can help!

Listing Contact

Jason Zhou

Learn more

For Sale

$2,980,000

Fully occupied commercial building with strong income and growth potential.

Type:Commercial

Property size:

7,311 SF

Price / SF:

$407/SF

Added:: Apr 24, 2026
Days on Market:: 57
Last Refresh:: Apr 24 at 3:17 pm

Property Features for 8510 Bay 16th St

General Information

Standard status: Active
Size: 7,311 SF
Property subtype: Commercial

Building Details

Year Built: 1996

We can help!

Listing Contact

Jason Zhou

Listing agent Jason Zhou License #10301217017

Listing office Womcore LLC dba Remax Edge

Listing date Apr 24, 2026

Source Elliman

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 Womcore LLC dba 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.
Desirable Zoning: C1‑2/R5 overlay zoning offers flexible usage options.
Significant Size: Approximately 7,311 SF building size with a usable basement.
Convenient Features: Includes an elevator, 4 separate entrances, 5 water heaters, and 5 independent HVAC systems.
Excellent Location: Walker's Paradise (walkScore 96) and Excellent Transit (transitScore 84).

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 includes an elevator providing access from the basement to the top floor, along with four separate entrances. The building is equipped with 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, offering potential for future income growth. The location has a walk score of 96, indicating it is a walker's paradise, a transit score of 84, indicating excellent transit options, and a bike score of 56, indicating it is bikeable.

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 6.75%

Second Best

Retail

$1.88M

$1.64M – $2.19M (±1% cap)

NOI $131,472 @ 7.0% cap · market cap 4.41%

Theoretical Best

Office A

$4.26M

$3.73M – $4.98M (±1% cap)

NOI $298,541 @ 7.0% cap · market cap 10.02%

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

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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Multi-Tenant Office Building with Elevator

Built in 1996 and fully leased to five commercial tenants with multiple entrances and independent HVAC systems.

8510 Bay 16th Street, Brooklyn, NY 11214

View Details

For sale
Office buildings
NY
Brooklyn
11214
8510 Bay 16th St

What type of property is this?

Office building - Fully occupied commercial building with strong income and growth potential.

Where is this office building located?

The property is located at 8510 Bay 16th St Brooklyn, NY.

What is the asking price?

The asking price for this property is $2,980,000.

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.; Desirable Zoning: C1‑2/R5 overlay zoning offers flexible usage options.