8515-8517 4th Ave - Storefront Retail/Office FOR SALE


Brooklyn, NY 11209- Bay Ridge
$3,395,000 USD
718-885-5454
8515-8517 4th Ave, Brooklyn, NY for Sale
$3,395,000 USD
Storefront Retail/Office - FOR SALE
1/6
null | 7% Cap Rate

8515-8517 4th Ave
Brooklyn, NY 11209
Bay Ridge


OVERVIEW

PRIME MIXED-USE INVESTMENT OPPORTUNITY IN THE HEART OF BAY RIDGE, 86TH & 4TH AVE. Presenting a three-story mixed-use building situated on a 40'x113' lot with a total building size of 10,464 sq ft. Zoning: C4-2A with approximately 2,200 sq ft additional buildable FAR. Located in the center of Bay Ridge's busiest commercial hub, this property is surrounded by national brands, including McDonald's, Chipotle, GAP, Chase Bank, Pandora, Banana Republic, Sephora, and Victoria’s Secret. It is also minutes away from the multi-million redevelopment site of the former Century 21 Department Store. Unmatched accessibility to public transit, with the R-train and multiple major bus lines right outside the door. GROUND FLOOR: Expansive retail space, Diamond Braces, currently pays 90% of water/sewer and 50% of real property taxes/ assessments over the 2020/2021 base year $74,870. SECOND FLOOR: Two commercial units, ideal for office or professional use. THIRD FLOOR: Two spacious three-bedroom apartments offering solid rental income potential.

FOR SALE DETAILS

PRICE

$3,395,000 USD

PRICE/SF

$330 USD /SF

CAP RATE

7%

% LEASED

-

TENANCY

Multiple

SALE TYPE

Investment Or Owner User

BUILDING DETAILS

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Storefront Retail/Office

TOTAL BUILDING SIZE

-

STORIES

3

YEAR BUILT

1921

SPRINKLERS

-

PARKING SPACES

-

LAND DETAILS

LAND ACRES

0.11 AC

LAND SF

4,792 SF

ZONING

C4-2A

APN/PARCEL ID

06035-0004

ASK ABOUT THIS PROPERTY

Carol ToumaKeller Williams Realty EmpireMore Info
718-885-5454

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

Carol ToumaKeller Williams Realty EmpireMore Info
718-885-5454

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