Ground-Level Retail
Cf-268 Bay Ridge Ave Brooklyn, NY 11220
Cf-268 Bay Ridge Ave, Brooklyn, NY, 11220
$590,800
For Sale
$590,800
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 Market23
Property Features for Cf-268 Bay Ridge Ave
General Information
- Standard status
- Active
- Size
- 1,200 SF
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 Checked: Jul 16 at 10:32 pm
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
Local Financial Insights For Retail
Simulate Cap Rate and NOI
NOI Build-Up
- 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.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $50.4k | $42.00 |
| − Vacancy | −$5.1k | −$4.28 |
| EGI | $45.3k | $37.72 |
| − OpEx | −$13.6k | −$11.31 |
| NOI | $31.7k | $26.40 |
1,200 SF · lease $42.00/SF/yr · vacancy 10.20% · expense 30.00%
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 local authorities.
Property Analytics
Location Intelligence
Current Use by Public Records
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FAQs
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
