Retail Condo with Indoor
S1-268 Bay Ridge Ave Brooklyn, NY 11220
S1-268 Bay Ridge Ave, Brooklyn, NY, 11220
$1,030,000
For Sale
$1,030,000
Vacant 2015-built retail condo offers available indoor parking spaces and storefront-ready space near major Bay Ridge Avenue retail.
Property Size2,870 SF
Price / SF$358.89
Days on Market21
Property Features for S1-268 Bay Ridge Ave
General Information
- Standard status
- Active
- Size
- 2,870 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 26 Checked: Jul 16 at 11:00 am
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 for-sale retail condo was built in 2015 and is currently vacant. The offering is described as a large commercial condo with an estimated indoor parking configuration, with additional indoor parking spaces available for an added cost. The space is positioned for a wide range of day-to-day retail and business use.
Located on Bay Ridge Avenue in Brooklyn, the property is next to a supermarket and close to 3rd Avenue. The immediate retail mix is described as including neighborhood businesses such as a bakery, restaurants, banks, bars, and pharmacy stores.
Presented as a storefront retail asset with indoor parking availability, the unit is available for investors and owner-operators looking for flexible occupancy in a busy commercial corridor.
Located on Bay Ridge Avenue in Brooklyn, the property is next to a supermarket and close to 3rd Avenue. The immediate retail mix is described as including neighborhood businesses such as a bakery, restaurants, banks, bars, and pharmacy stores.
Presented as a storefront retail asset with indoor parking availability, the unit is available for investors and owner-operators looking for flexible occupancy in a busy commercial corridor.
Key Highlights
- Vacant retail commercial condo built in 2015
- Estimated 2,870 SF retail space
- Indoor parking spaces available (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 | $120.5k | $42.00 |
| − Vacancy | −$12.3k | −$4.28 |
| EGI | $108.2k | $37.72 |
| − OpEx | −$32.5k | −$11.31 |
| NOI | $75.8k | $26.40 |
2,870 SF · lease $42.00/SF/yr · vacancy 10.20% · expense 30.00%
Alternative Uses
Best Use
Retail
$1.08M
$947.1K – $1.26M
NOI $75,771 @ 7.0% cap · market cap 7.36%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$1.86M
$1.63M – $2.17M
NOI $130,238 @ 7.0% cap · market cap 12.64%
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 - Vacant 2015-built retail condo offers available indoor parking spaces and storefront-ready space near major Bay Ridge Avenue retail.
Where is this storefront property located?
The property is located at S1-268 Bay Ridge Ave Brooklyn, NY.
What is the asking price?
The asking price for this property is $1,030,000.
What are key features of this property?
This property features: Vacant retail commercial condo built in 2015; Estimated 2,870 SF retail space; Indoor parking spaces available (additional cost)
