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8510 Bay 16th St 7,311 SF 50% Leased Office Building Brooklyn, NY 11214 $2,980,000 ($407.60/SF) 4.52% Cap Rate
Investment Highlights
- Heavy foot traffic
- Private driveway
- Close to ALL
Executive Summary
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.
Financial Summary (Actual - 2025) Click Here to Access |
Annual | Annual Per SF |
|---|---|---|
| Gross Rental Income |
$99,999
|
$9.99
|
| Other Income |
-
|
-
|
| Vacancy Loss |
-
|
-
|
| Effective Gross Income |
$99,999
|
$9.99
|
| Taxes |
$99,999
|
$9.99
|
| Operating Expenses |
$99,999
|
$9.99
|
| Total Expenses |
$99,999
|
$9.99
|
| Net Operating Income |
$99,999
|
$9.99
|
Financial Summary (Actual - 2025) Click Here to Access
| Gross Rental Income | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Other Income | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Vacancy Loss | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Effective Gross Income | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Taxes | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Operating Expenses | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Total Expenses | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Net Operating Income | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
Property Facts
Sale Type
Investment or Owner User
Property Type
Building Size
7,311 SF
Building Class
C
Year Built/Renovated
2000/2014
Price
$2,980,000
Price Per SF
$407.60
Cap Rate
4.52%
NOI
$134,564
Percent Leased
50%
Tenancy
Multiple
Building Height
3 Stories
Typical Floor Size
3,111 SF
Building FAR
1.04
Lot Size
0.16 AC
Zoning
Commercial
Amenities
- 24 Hour Access
- Atrium
- Banking
- Bus Line
- Controlled Access
- Commuter Rail
- Conferencing Facility
- Metro/Subway
- Security System
- Signage
- Reception
- Storage Space
- PATH
- Car Charging Station
- Bicycle Storage
- Central Heating
- DDA Compliant
- High Ceilings
- Natural Light
- Open-Plan
- Partitioned Offices
- Reception
- Shower Facilities
- Drop Ceiling
- Wi-Fi
- Monument Signage
- Air Conditioning
1 1
Exceptionally walkable
100/100
Somewhat drivable
30/100
Exceptional public transit
100/100
Moderately bikeable
60/100
Property Taxes
| Parcel Number | 06343-0017 | Total Assessment | $483,750 (2026) |
| Land Assessment | $55,350 (2026) | Annual Taxes | ($1) ($0.00/SF) |
| Improvements Assessment | $428,400 (2026) | Tax Year | 2025 |
Property Taxes
Parcel Number
06343-0017
Land Assessment
$55,350 (2026)
Improvements Assessment
$428,400 (2026)
Total Assessment
$483,750 (2026)
Annual Taxes
($1) ($0.00/SF)
Tax Year
2025
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RE/MAX Edge
8510 Bay 16th St
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