8510 Bay 16th St - Office FOR SALE


Brooklyn, NY 11214- Bensonhurst
$2,980,000 USD
347-988-5318
8510 Bay 16th St, Brooklyn, NY for Sale
$2,980,000 USD
Office - FOR SALE
1/40
null | 4.52% Cap Rate

NEW


8510 Bay 16th St
Brooklyn, NY 11214
Bensonhurst


HIGHLIGHTS

  • Heavy foot traffic
  • Close to ALL
  • Private driveway

OVERVIEW

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.

FOR SALE DETAILS

PRICE

$2,980,000 USD

PRICE/SF

$497 USD /SF

CAP RATE

4.52%

% LEASED

-

TENANCY

Multiple

SALE TYPE

Investment Or Owner User

BUILDING DETAILS

PROPERTY TYPE

Office

ADD'L SUBTYPES

Loft/Creative Space, Medical, Office/Residential

TOTAL BUILDING SIZE

-

STORIES

3

BUILDING CLASS

C

YEAR BUILT

2000

SPRINKLERS

-

PARKING SPACES

-

LAND DETAILS

LAND ACRES

0.16 AC

LAND SF

7,000 SF

ZONING

Commercial

APN/PARCEL ID

06343-0017

ASK ABOUT THIS PROPERTY

Jason ZhouRE/MAX EdgeMore Info
347-988-5318

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Jason ZhouRE/MAX EdgeMore Info
347-988-5318

By clicking the button, you agree to Showcase's Terms of Use and Privacy Notice.