Commercial Condo For
For Sale
Contact for pricing
8686 Bay Pkwy, Brooklyn, NY 11214
Commercial condo unit available for sale.
Property Size2,730 SF
Price / SF$512.45
Days on Market215
Property Features for 8686 Bay Pkwy
General Information
Standard status
Active
Size
2,730 SF
Property subtype
Office
Zoning
R6
Listing Agency:
Commercial Acquisitions
Listed By:
Arsen Atbashyan · License #NY 0000
(718) 517-8700
Source:
Crexi
Added: Mar 5
Changed: Oct 6
Last Checked: Oct 5 at 5:26PM
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 Commercial Acquisitions
Investment Insights
Based on property information with market context.
A commercial condominium unit is available for sale. The property offers 2730 square feet of space.
Key Highlights
- Commercial condo for sale
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$75,160
Cap Rate
5.37%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,503,200
$1.5M
Cap Rate 7%
$1,073,714
$1.1M
Cap Rate 9%
$835,111
$835.1K
Market Conditions
NOI Build-Up for 2,730 SF
Gross rent
$124.5K $45.60/SF
− Vacancy
−$24.3K −$8.89/SF
EGI
$100.2K $36.71/SF
− OpEx
−$25.1K −$9.18/SF
NOI
$75.2K $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%
$1,503,200
Cap Rate 7%
$1,073,714
Cap Rate 9%
$835,111
Alternative Uses
Best Use
Office B
$1.07M
$939.5K – $1.25M
NOI $75,160 @ 7.0% cap · market cap 5.37%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$1.59M
$1.39M – $1.86M
NOI $111,478 @ 7.0% cap · market cap 7.97%
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
3,901
Businesses Nearby
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
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics
Market
Vacancy Rate% for Office in Northeast region
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Frequently Asked Questions
What type of property is this?
Office units - Commercial condo unit available for sale.
Where is this office units located?
The property is located at 8686 Bay Pkwy Brooklyn, NY.
What is the asking price?
The asking price for this property is $1,399,000.
What are key features of this property?
This property features: Commercial condo for sale
