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29868153
29868179

8510 Bay 16th Street, Brooklyn, NY 11214

JZ
NY 10301217017
REMAX EDGE
Listed by REMAX EDGE
$2,980,000
106 days on market
Updated 76 days ago

8510 Bay 16th Street

Details
Property Type Office, Retail
Sub Type Traditional Office, Bar (+3)
Square Footage 7,311
Cap Rate 0.05%
NOI $134,546
Year Built 1996
Stories 2
Lot Size (SqFt) 3,927
Ceiling Height Varied Height

Office | 0.05% CAP | 7,311 SqFt

Marketing description

Rare-find commercial building built in 1996 with C1-2/R5 overlay zoning, currently fully occupied by 5 commercial tenants: a long-established dental office on the 1st front, a construction company office on the 1st floor rear, a limousine service company on the 2nd floor front, a dental lab on the 2nd floor rear, and a usable basement occupied by a spice company. The building measures approximately 30×103 ft (about 3,111 SF) on the first floor, with the second floor and basement each approximately 30×70 ft, for a total of roughly 7,311 SF, situated on a 38×103 ft lot with a private driveway. Additional features include an elevator from the basement to the top floor, 4 separate entrances, and 5 separate water heaters along with 5 independent HVAC systems. This is an excellent investment opportunity generating approximately $191,400 in annual income with an NOI of $134,546, offering strong upside potential for future income growth.
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Listing Contacts

JZ
NY 10301217017
REMAX EDGE
Listed by REMAX EDGE

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Loan Amount
$0.00
Annual Debt Service
$--
$--
Annual Cash Flow
$134,546.00
$11,212.17/mo

Valuation Metrics

0
DSCR
4.51%
Cap Rate
4.51%
ROI

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Additional Information

Name
Jason Zhou
License
10301217017
Brokerage
RE/MAX EDGE
Title
Real Estate Associate Broker
Brokerage Address
1812 Bath Avenue
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