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    FOR SALE
    Retail residential properties

    8800 Bay Pkwy C1, Brooklyn, NY 11204

    47,064 SF 0.22 ac lot Built 2023
    Entity Owned 8-yr Hold ~ Est. High Equity
    Property ID
    US63-4420782
    8800 Bay Pkwy,Unit C1, Brooklyn, NY 11204 For Sale
    $481,250 47,064 SF
    8800 Bay Pkwy,Unit C1, Brooklyn, NY 11204
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    Property summary
    AI-generated overview

    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.

    Property profile
    Verified
    Property type Retail residential properties
    Use group STORES & APARTMENTS
    Year built 2023
    Total area 47,064 SF
    Lot 0.22 ac (9,667 SF)
    Zoning code R6
    APN 06447-0044
    UPID US63-4420782
    Cap rate & NOI
    Priority signal for investors
    Implied cap rate, NOI & suggested price
    Cap rate vs submarket · NOI estimate · 3 price anchors
    Implied cap rate, NOI & suggested price
    Cap vs submarket · NOI estimate · 3 price anchors
    Current use
    Occupant on record · Public records
    • Bay Park Tower Apartment Building
    Value estimations
    Realmo proprietary · 4 methods
    AI Approach AI
    by Request
    CAP Approach CAP
    by Request
    Comparable Approach Comparable
    by Request
    Blend (final) Blend
    $915k
    Owner & transaction history
    B & J Bay Property INC · 8 yrs held
    B & J Bay Property INC
    since 2018
    Last sale
    $768,000
    7 recorded transactions
    2018
    $3.5M
    2011
    2011
    2004
    1999
    $350,000
    1969
    1969
    Zoning & alternative use
    R6 · Brooklyn, NY
    Permitted uses
    Permitted uses
    Allowed · conditional · prohibited
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    “Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
    More about this property
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