Medical Office Building with
New
For Sale
$2,800,000
8510 Bay 16th Street, Brooklyn, NY 11214
Commercial, Brooklyn, NY
Property Size7,311 SF
Lot Size0.09 Acres
Price / SF$382.98
Days on Market1
Property Features for 8510 Bay 16th Street
General Information
Property type
Commercial Sale
Property subtype
Other
Zoning
R5/C1-2
Basement
Finished, Full
Subdivision
Bensonhurst
Standard status
Active
Size
7,311 SF
Lot size
0.09 Acres
Taxes and HOA fees
Tax Annual Amount
45854
Building Details
Year built
1996
Number of units
5
Flooring type
Hardwood, Tile
Building materials
Masonry, Steel
Roof type
Flat
Listing Agency:
Sardell Realty LLC
Listed By:
Karen Sardell
(917) 751-7974
Added: Oct 8
Last Checked: Oct 8 at 11:06PM
MLS# 505194
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.
This 7,311-square-foot medical office building in Brooklyn is configured for dental use. The ground floor contains a dental office with 10 operatories and 2 bathrooms, along with an office that has an exterior entrance. Two separate dental labs occupy the second floor, while the finished lower level is vacant. An interior elevator serves the building, and each office has its own HVAC and hot water. The property was built in 1996 and has R5/C1-2 zoning.
A private drive accommodates several cars. Municipal parking and public transportation are nearby. The building is masonry and steel construction, with hardwood and tile flooring.
A private drive accommodates several cars. Municipal parking and public transportation are nearby. The building is masonry and steel construction, with hardwood and tile flooring.
Key Highlights
- 7,311 square feet across a ground floor, second floor, and finished lower level
- Ground‑floor dental office includes 10 operatories and 2 bathrooms
- Second floor has 2 separate dental labs
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$201,279
Cap Rate
7.19%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$4,025,580
$4.0M
Cap Rate 7%
$2,875,414
$2.9M
Cap Rate 9%
$2,236,433
$2.2M
Market Conditions
NOI Build-Up for 7,311 SF
Gross rent
$333.4K $45.60/SF
− Vacancy
−$65.0K −$8.89/SF
EGI
$268.4K $36.71/SF
− OpEx
−$67.1K −$9.18/SF
NOI
$201.3K $27.53/SF
Area
ZIP 11214
Vacancy
19.50%
Lease Rate
$45.60 /SF/Yr
Expense Ratio
25.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$4,025,580
Cap Rate 7%
$2,875,414
Cap Rate 9%
$2,236,433
Alternative Uses
Best Use
Office B
$2.88M
$2.52M – $3.35M
NOI $201,279 @ 7.0% cap · market cap 7.19%
Second Best
Healthcare Medical
$2.30M
$2.02M – $2.69M
NOI $161,202 @ 7.0% cap · market cap 5.76%
Theoretical Best
Office A
$4.26M
$3.73M – $4.98M
NOI $298,541 @ 7.0% cap · market cap 10.66%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Current Use
Location Intelligence
Trade Area within ½ mile
4,131
Businesses Nearby
Under-served
Demand for This Use
Explore this area
Business Placement
Demographics for 11214, NY
96,560
Population
33,341
Households
2.9
Avg Household Size
39
Median Age
32%
College-Educated
76%
High-School Grad
2.0 sq mi
ZIP Area
48,280
Density / Sq Mi
$64,286
Median Household Income
$41,172
Median Earnings
$1,710
Median Rent
$1,007,400
Median Home Value
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Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Office in Northeast region
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Frequently Asked Questions
What type of property is this?
Medical Office Space - Three levels combine a dental practice, separate labs, and a finished lower level.
Where is this medical office space located?
The property is located at 8510 Bay 16th Street Brooklyn, NY.
What is the asking price?
The asking price for this property is $2,800,000.
What are key features of this property?
This property features: 7,311 square feet across a ground floor, second floor, and finished lower level; Ground‑floor dental office includes 10 operatories and 2 bathrooms; Second floor has 2 separate dental labs
