Entity Owned 
For Sale
Contact for pricing
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
Current use
Occupant on record · Public records
-
Apartment Building
Location
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$775k
Owner & transaction history
since 2018
Last sale
$768,000
7 recorded transactions
Zoning & alternative use
R6 · Brooklyn, NY
Comparables
6 recent transactions · within 1.5 miComparable in this city
6 recent transactions
Comparable in this City
Similar Nearby for Sale
Similar Nearby for Lease
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
Value estimation
Instant AI valuation built from comps, income signals, and proprietary benchmarks. A defensible range, not a single guess.
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Unlock the complete Valuation workflow
Full NOI reconstruction, selected comps, alternative-use scenarios, data audit and PDF export.
All 6 comparables with addresses
Sensitivity value band
Source audit · 6 inputs
PDF export
Analytics Standard · 5 reports
from $99/month
from $99/month
Summary
1
Valuation conclusion
Included free
Estimated market value
$775k
Value range
$698k – $853k
±10% around blend
Estimated value / SF
$16 / SF
Confidence
High
6 county-verified comps
Property data
100
Market benchmarks
100
Comparable evidence
60
$698k
blend $775k
$853k
Market-derived valuation under stabilized market assumptions. Desktop analysis. No physical inspection performed.
2
Subject property
Included free
GBA
47,064 SF
Lot area
0.22 ac
Year built
2023
Stories
7
APN
06447-0044
Zoning
R6
Assessed value
$3,406,500
Annual tax
$397,578
3
Income approach: direct capitalization
Partial preview
Not enough income data on file for a CAP-approach estimation.
4
Sales comparison
Partial preview
Sales approach indication
$7.10M
Weighted, 6 comps · high confidence
Evidence
6 found · 6 selected
County-verified recorded sales
Comparable
Sale dateSale price$ / SF
11.4 mi away · 41,156 SF
15.3 mi away · 50,972 SF
16.9 mi away · 36,667 SF
19.4 mi away · 49,041 SF
21.8 mi away · 53,298 SF
5
Sensitivity & risk
Partial preview
Downside
−10%
Base
$775k
Upside
+10%
Bounds of the ±10% band vs the blend — never simulated scenarios.
6
Current market position
Included free
Benchmark
Observed band ($/SF)AverageSubject delta
ZIP 113 sales
$573
-97%
Submarket 3044 sales
$491
-97%
County 3044 sales
$491
-97%
Band = middle half (Q1–Q3) of recorded sale $/SF for this use type per geography; the diamond marks the subject at $16/SF. Delta below average reads as headroom. Source: Realmo CRE sales derivatives (county records).
7
Data & methodology
Included free
Building area
County record
Property tax
County record
Assessed value
County record
Zoning designation
County record
Operating expenses
Not available
Market rent
Not available
Not analyzed due to unavailable source data: actual rent roll, tenant leases, physical condition and capital
requirements are outside a desktop analysis.
Cost Approach excluded: replacement-cost inputs are not on file.
Automated valuation analysis, not a licensed appraisal. Figures are derived from public
records and proprietary models. Desktop analysis: no physical inspection, tenant leases or reported
property income. Verify with a licensed appraiser before transacting.
Cap rate
Cap rate calculated from real income and expense signals, benchmarked against sales of similar assets nearby.
17% off on annual
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Full market tables, editable assumptions, comparable evidence, saved work and exports.
9-scenario matrix
Comparable evidence · 6 sales
Market rates by use type
PDF export
Analytics Standard · 5 reports
from $99/month
from $99/month
Overview
No cap rate is computable for this property yet: no recorded sale, income signal or market-rate row for its use type.
Price sensitivity
The rate is the decision lever; valuation is the consequence.
Test a cap rate
Implied value$768k
Move the market yield to see immediate price impact.
Value / SF
$16
Vs. selected
Base
Derivation
NOI ÷ cap
Arithmetic over the derived NOI * — not market scenario modeling.
NOI × cap matrix
Preview
Preview of 9 modeled outcomes.
NOI
5.00%7.00%9.00%
$48k
$968k
$691k
$538k
$54k
$1.08M
$768k
$597k
$59k
$1.18M
$845k
$657k
NOI sensitivity ±10% across the 5 / 7 / 9% anchors — derivation of the NOI above.
Comparable evidence
Partial preview
Recorded sales nearby
6 found
High confidence · county-verified
Closest comparable
$995k
5.3 mi · Sep 2025 · $22/SF
Property tax & assessments
Tax year 2024Property tax & assessments
Tax year 2024
Tax billed
$397,578
Tax year 2024
Assessed value
$3,406,500
Assessed 2024
Previous assessed
$70,200
+4,752.6% YoY
Effective rate
11.67%
On assessed value
Assessed land
$347,850
Assessed improvement
$3,058,650
Land market value
$773,000
Improvement market value
$6,797,000
Total market value
$7,570,000
Applied tax rate
2.0000
Automated cap rate analysis. Based on public records, market benchmarks and proprietary
models. Verify with a licensed professional before transacting.
Property description
Physical attributes from public recordsBuilding & lot
Public records
Property type
Retail residential properties
Use group
STORES & APARTMENTS
Status
For Sale
Year built
2023
Heating
NONE
Stories
7
Units
43
Total area
47,064 SF
Lot
0.22 ac (9,667 SF)
Zoning code
R6
APN
06447-0044
UPID
US63-4420782
Jurisdiction
KINGS(BROOKLYN)
Metro division
NEW YORK-WHITE PLAINS-WAYNE, NY-NJ METROPOLITAN DIVISION
Zoning & alternative use
R6 · Brooklyn, NYZoning R6 · permitted uses
R6 · Brooklyn, NY
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Building & site characteristics
From public records
Year built
2023
Heating
NONE
Stories
7
Units
43
Lot
0.22 ac
Zoning
The recorded zoning designation, what the district officially allows, and the municipal source it comes from.
Zoning designation
County-recorded code
R6
Jurisdiction
Brooklyn, NY
Recorded code
R6
Ownership Intelligence
Find the owner behind the property.
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What opens after registration
Ownership report
Owner identityResolved entity and name variants
Portfolio holdingsLinked properties and estimated value
Deal signalsSell-side activity worth following
Debt & historyRecorded loans and transaction history
Private report access
See the ownership record for this address.
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Owner of record and activity signals are derived from public records and modeled classifications.
They do not confirm beneficial ownership or intent to transact.
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