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Financial
Distress signals
Property profile

8510 Bay 16Th St Brooklyn, NY 11214

FOR SALE
Office buildings
Property ID
US63-2812267
4,200 SF 0.09 ac lot Built 1996
Last sale Jun 2020
Entity Owned Owner of record is a legal entity (LLC / corporation). 6-yr Hold Held for 6 years. Free & Clear No active or open recorded mortgage detected.
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Property summary

AI-generated overview

Constructed in 1996, this commercial building is located on a 38 by 103 ft lot with a private driveway and features C1-2/R5 overlay zoning. The building has a total approximate area of 7,311 SF, with the first floor measuring about 30 by 103 ft (about 3,111 SF) and both the second floor and basement measuring about 30 by 70 ft. Access is provided via an elevator serving from the basement to the upper floors and four separate entrances. Building systems are configured with five separate water…

Ownership intelligence

Who controls the opportunity?

Owner of record from public deeds, plus portfolio, hold profile and investor signals where the data supports them. Included with a plan.

Owner contacts

Can we reach the decision maker?

Skip-traced phones and e-mails of the owner. Included with a plan.

Debts

What is owed, to whom, and when it comes due

Recorded lenders, amounts and estimated maturities of the owner's loan book — included with a plan.

Property tax · 2024

What does the county charge?
$44k
Tax billed · 2024
Assessed value$412k
Assessed land$55k
Assessed improvement$356k
Effective rate10.59%

Value estimate

· Oct 2026
$510k
$459k – $561k
CAP approach$1.90M
NOI build-up
Gross scheduled income$333k
Vacancy & credit loss−$65k
Operating expenses−$67k
NOI · 7.19% cap applied$201k

Realmo valuation models over county records and 12 qualifying comparable sales.

Recently sold

What actually traded nearby?
$550/SF
Submarket average, outlier-cleaned · 228 recorded sales of this use type
Observed band · Q1–Q3$362 – $913
Qualifying comparables12

Cap rate analysis

How does the asset earn?
7.19%
$201k estimated NOI · market benchmarks for this use type

Price anchors at 6 / 6.5 / 7% — in the full report.

Zoning insight

What can be built here?
R5
This district is designed to permits moderate density residential neighborhoods with a mix of housing types except zero lot line buildings
General categoryRESIDENTIAL
JurisdictionKINGS(BROOKLYN)

Location intelligence

Which uses thrive at this corner?
Best fit: Law Firm
Demand heat for this use is drawn on the map · LocInt grid
Demand index
Law Firm57.7
Parking Facility36.2
Realty agency24.2

Location

8510 Bay 16Th St Brooklyn, NY 11214
County assessor Recorded deeds · 2 transfers 12 qualifying comp sales Zoning catalog

Every figure names its source: public record, benchmark, or modeled. Coverage varies by property — thin data is stated as missing, never invented.

Comparables

6 recorded sales · 18 properties nearby
Recent sales nearby
6 recorded sales in this ZIP, last 8 years
Address Sale price Sold Size
1756 86th, Brooklyn, NY 11214-3715 $8,300,000 Jan 2025 11,050 SF
2629 Harway, Brooklyn, NY 11214 $2,950,000 Dec 2024 7,700 SF
1812 Bath Ave, Brooklyn, NY 11214-4647 $1,900,000 Nov 2024 No data
2501 86th, Brooklyn, NY 11214-4414 $4,800,000 Feb 2023 6,165 SF
2562-2566 86th, Brooklyn, NY 11214 $4,200,000 Mar 2022 4,250 SF
8746 20th, Brooklyn, NY 11214-4802 $4,520,000 Dec 2019 16,489 SF
Sale prices and dates as our records hold them, one row per building. A deed can cover more of a building than the size shown, so read the price against the size rather than dividing one by the other.
Comparable nearby
6 properties of the same type nearby
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“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
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