Ground-Level Retail
For Sale
$590,800
Cf-268 Bay Ridge Ave, Brooklyn, NY 11220
Ground-level retail storefront built in 2015 with on-site indoor parking available for an additional cost.
Property Size1,200 SF
Price / SF$492.33
Days on Market63
Property Features for Cf-268 Bay Ridge Ave
General Information
Standard status
Active
Size
1,200 SF
Taxes and HOA fees
Annual Taxes
$784
Building Details
Year Built
2015
Listing Agency:
RE/MAX Real Estate Professiona
(718) 532-2000
Listed By:
Siu Kit Wong · License #SW6470
(718) 532-2000
Source:
Exprealty
Added: Jun 25
Changed: Aug 20
Last Checked: Aug 25 at 8:26AM
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 RE/MAX Real Estate Professiona
Investment Insights
Based on property information with market context.
This ground-level retail storefront was built in 2015 and is offered with full possession. The space is approximately 1,200 square feet and includes indoor parking spaces available for an additional cost. The property has recently been used as storage space.
Located on Bay Ridge Ave in Brooklyn, the store sits next to a supermarket, bakery, and restaurant, with nearby café options and bus stops. It is also described as close to the R train station on 4th Ave and 3rd Ave.
The property is marketed as a New Community Facility Store and is presented as a storefront retail space with indoor parking access.
Located on Bay Ridge Ave in Brooklyn, the store sits next to a supermarket, bakery, and restaurant, with nearby café options and bus stops. It is also described as close to the R train station on 4th Ave and 3rd Ave.
The property is marketed as a New Community Facility Store and is presented as a storefront retail space with indoor parking access.
Key Highlights
- Ground‑level retail storefront built in 2015
- Approx. 1,200 SF community facility store on the ground level
- On‑site indoor parking spaces available for an additional cost
Financial Insights
Estimated NOI and Cap Rate
NOI = area × lease_rate × (100 − vacancy) / 100 × (1 − expense_ratio). Net Operating Income — what the owner takes home each year before mortgage payments and income tax. Effective rent (asking rent minus vacancy losses) minus operating costs (taxes, insurance, maintenance, management).
NOI / Yr
$31,681
Cap rate = NOI / list price × 100. Capitalization rate — annual return on a fully cash purchase, before financing. NOI divided by price. Higher means more income per dollar invested, but usually also more risk or older condition. 5–8% is typical for stabilized commercial property; double digits often signal distressed deals.
Cap Rate
5.36%
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$633,620
$633.6K
Cap Rate 7%
$452,586
$452.6K
Cap Rate 9%
$352,011
$352.0K
Market Conditions
NOI Build-Up for 1,200 SF
Vacancy — income lost from leasable area expected to sit empty during the year, subtracted from gross rent.
EGI (Effective Gross Income) — gross rent minus vacancy losses, the realistic income before paying operating costs.
OpEx (Operating Expenses) — recurring costs to operate the property (property tax, insurance, utilities, maintenance, management); excludes financing and capital improvements.
NOI (Net Operating Income) — income a property generates after operating costs but before financing and taxes.
Gross rent
$50.4K $42.00/SF
− Vacancy
−$5.1K −$4.28/SF
EGI
$45.3K $37.72/SF
− OpEx
−$13.6K −$11.31/SF
NOI
$31.7K $26.40/SF
Area
ZIP 11220
Vacancy
10.20%
Lease Rate
$42.00 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$633,620
Cap Rate 7%
$452,586
Cap Rate 9%
$352,011
Alternative Uses
Best Use
Retail
$452.6K
$396.0K – $528.0K
NOI $31,681 @ 7.0% cap · market cap 5.36%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$777.9K
$680.7K – $907.6K
NOI $54,455 @ 7.0% cap · market cap 9.22%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
1,760
Businesses Nearby
17k
Monthly Visits Nearby
Under-served
Demand for This Use
Explore this area
Business Placement
Foot Traffic Nearby
Groceries 100%
SuperFresh
Groceries
16,616 visits/mo
0.4 miles
Demographics for 11220, NY
105,797
Population
30,897
Households
3.4
Avg Household Size
35
Median Age
25%
College-Educated
62%
High-School Grad
1.7 sq mi
ZIP Area
62,234
Density / Sq Mi
$64,201
Median Household Income
$31,489
Median Earnings
$1,688
Median Rent
$1,021,200
Median Home Value
Market
Vacancy Rate% for Retail in Northeast region
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
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Frequently Asked Questions
What type of property is this?
Storefront property - Ground-level retail storefront built in 2015 with on-site indoor parking available for an additional cost.
Where is this storefront property located?
The property is located at Cf-268 Bay Ridge Ave Brooklyn, NY.
What is the asking price?
The asking price for this property is $590,800.
What are key features of this property?
This property features: Ground‑level retail storefront built in 2015; Approx. 1,200 SF community facility store on the ground level; On‑site indoor parking spaces available for an additional cost
