8510 Bay 16th Street Brooklyn, NY 11214

Office MLS #: 499099 Courtesy Of Womcore LLC dba Remax Edge

Property InformationDescription

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.

Features

  • Age: 21-30 Years Old
  • Architecture Style: Other
  • Exterior Type: Stucco
  • Floor Covering: Tile
  • Floor Covering: Hardwood
  • Floors: 2
  • Heating System: Natural Gas
  • MLSID: 499099
  • Parking Spaces: 3
  • Roof Type: Flat

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8510 Bay 16th Street, Brooklyn, NY 11214
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