8510 Bay 16th ST, Brooklyn, NY 11214
8510 Bay 16th ST, Brooklyn, NY 11214
8510 Bay 16th ST, Brooklyn, NY 11214
8510 Bay 16th ST, Brooklyn, NY 11214
8510 Bay 16th ST, Brooklyn, NY 11214
8510 Bay 16th ST, Brooklyn, NY 11214
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$ 2,980,000
Est. payment | /mo

7,311 SqFt


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$ 2,980,000
Est. payment | /mo
Save

7,311 SqFt

Key Details

Property Type Commercial

Sub Type Office

Listing Status Active

Purchase Type For Sale

Square Footage 7,311 sqft

Price per Sqft $407

MLS Listing ID 499099

Year Built 1996

Annual Tax Amount $45,854

Property Sub-Type Office

Property 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.

Location

State NY

County Kings (brooklyn)

Area Bensonhurst

Zoning R5/C1-2

Rooms

Basement Finished, Full, Separate Entrance, Usable

Interior

Interior Features Elevator - Private, Fire Sprinkler, Handicap Design, Restrooms - Public, Restrooms - Staff, Security Alarm

Heating Gas

Flooring Hardwood, Tile

Heat Source Gas

Exterior

Exterior Feature Stucco

Roof Type Flat

Present Use Health Care,Office,Other

Handicap Access Yes

Building

Story 2

Foundation Poured Concrete

Others

Energy Description Gas

Financing 1031 Exchange,Bank Mortgage,Cash

Listed by RE/MAX Edge
NEARBY SCHOOL & BUSINESS
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Joseph Matassa

Joseph Matassa

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+1(732) 802-7100

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8510 Bay 16th ST