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    Property profile & analytics

    8800 Bay Pkwy Brooklyn, NY 11204

    • Retail residential properties
    • 47,064 SF
    • 0.22 lot acres
    For Sale
    View listing
    $481,250
    Value Estimation
    Last Sale
    Jun 04, 2025
    $768,000
    Location Intelligence
    Property ID
    US63-4420782
    The Realmo ID is a unique identifier assigned to every property, incorporating country codes and precise geo-coordinates for 300x300-foot land blocks. It enables standardized data collection and seamless integration of disparate sources such as ownership, tax, title data and physical specifications. By aggregating current and historical records, the Realmo ID powers advanced analytics and delivers deep, verifiable insights for real estate professionals.

    Current Use by Public Records

    • Bay Park Tower / Apartment Building

    Property Details for 8800 Bay Pkwy

    Year built
    2023
    Lot size
    0.22 lot acres
    Property size
    47,064 SF
    Zone code
    R6
    Property type
    Retail residential properties
    APN
    06447-0044
    APU
    64470044

    Description

    This 700-square-foot commercial condominium unit, located at 8800 Bay Parkway in Brooklyn, New York (zip code 11214), presents a compelling investment opportunity. Situated in the heart of Bensonhurst, Kings County, this traditional office space boasts excellent visibility directly facing Bay Parkway, ensuring high traffic exposure. The unit's 700 square feet of net rentable area offers ample space for a variety of businesses, from retail establishments to professional offices or service-based operations. The asking price for this property is $481,000. Its prime location provides easy access for clients and employees alike, making it an ideal choice for businesses seeking a modern and well-positioned space. The property is a commercial condo, offering the benefits of ownership. This is a fantastic opportunity to acquire a well-located commercial space in a thriving Brooklyn neighborhood. The unit's modern design and high-traffic location make it a highly desirable asset. Broker co-op is available.

    Value Estimation

    by Realmo proprietary methodology Last update: July 3, 2025

    • AI approach

      CAP return
      Estimation
      Estimation
      $750,000

    • CAP approach

      CAP return
      Estimation
      6%
      $870,000
      6.5%
      $815,000
      7%
      $735,000

    • Comparable approach

      Method
      Estimation
      Relative Method
      $740,000
      Geo Method
      $895,000

    • Alternative Use

      Use
      Estimation
      Distribution
      $950,000
      Retail
      $900,000
      Mixed-Use
      $830,000
      Hospitality
      $910,000
      Educational
      $810,000
      Residential Income
      $940,000
      Energy
      $755,000
      Income-Based Land
      $715,000
      Food Service
      $990,000

    Location Insight

    • Map
    • Local Demand
    City
    Brooklyn
    County
    Kings
    State
    New York
    Longitude
    -73.9982
    Latitude
    40.5981
    CBSA code
    35620
    CBSA name
    NEW YORK-NORTHERN NEW JERSEY-LONG ISLAND, NY-NJ-PA METROPOLITAN STATISTICAL AREA

    Property Tax & Assessments

    Tax date
    Tax Amount
    Assessed Land Value
    Assessed Improvement Value
    Total Assessed Value
    Applied Tax Rate
    Land Market Value
    Improvement Market Value
    Total Market Value
    2024
    $397,578
    $347,850
    $3,058,650
    $3,406,500
    -
    $773,000
    $6,797,000
    $7,570,000

    Comparable in this City

    • Value Estimation by Request
      7,200 SF

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      2101 86th St, Brooklyn, NY 11214-3205
      View Details
    • Value Estimation by Request
      17,000 SF

      2175 86th St

      STORES & APARTMENTS • 17,000 SF
      2175 86th St, Brooklyn, NY 11214-3205
      View Details
    • Value Estimation by Request
      12,400 SF

      2075 86th St

      STORE/OFFICE (MIXED USE) • 12,400 SF
      2075 86th St, Brooklyn, NY 11214-3261
      View Details
    • Value Estimation by Request
      130,870 SF

      8700 25th Ave, Unit 125

      STORES & APARTMENTS • 130,870 SF
      8700 25th Ave, Brooklyn, NY 11214-5438
      View Details
    • Value Estimation
      $1,825,000
      2,300 SF

      2377 86th St

      STORES & APARTMENTS • 2,300 SF
      2377 86th St, Brooklyn, NY 11214-4309
      View Details
    • Value Estimation by Request
      3,770 SF

      7710 New Utrecht Ave

      STORES & APARTMENTS • 3,770 SF
      7710 New Utrecht Ave, Brooklyn, NY 11214-1014
      View Details

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    8800 Bay Pkwy
    Brooklyn, NY 11204
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    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
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