8510 Bay 16th Street, Brooklyn, NY 11214
Kings County
Key Facts
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.
Property Information
Property Type
Commercial Sale
Sub-Type
Office
Year Built
1996
Stories
2
Living Area
7,311 sq ft
Lot Size
0.09 acres
Lot Dimensions
103 x 38
Zoning
R5/C1-2
Days on Market
31
MLS® Listing#
499099
Property Features
Interior
Heating
Flooring
Basement
Lot Features
Construction
Roof
Security
Financial Details
Annual Taxes
$45,854
Affordability Calculator
$596,000
Estimated monthly payment
$15,861/mo
Principal $2,384,000 · Est. interest $3,325,892 over 30 yrs
Neighborhood Market Statistics
How this home compares to active listings in Brooklyn, NY
- $989,806
- Median Listing Price
- 81
- Median Days on Market
- 1,640
- Median Sq Ft
- $567
- Median Price / Sq Ft
- 2,910
- Active Listings
- This home’s price is 201% above the area median.
- Its price per sq ft is 28% below the area median.
Market statistics compiled from active EXIT Realty® and MLS listings in Brooklyn, NY.
Location
- 8510 Bay 16th Street, Brooklyn, NY 11214
Points of Interest in Brooklyn, NY
Showing the Brooklyn area map.
Nearby Schools
P.S. 748
Elementary · 0.2 mi away
370k @ P. S. 163
Secondary · 0.2 mi away
PS 163 Bath Beach
Elementary · 0.2 mi away
New Utrecht High School
Secondary · 0.3 mi away
PS 204
Elementary · 0.4 mi away
PS 200 Benson School
Elementary · 0.4 mi away
Idea School
School · 0.4 mi away
PS 186
Elementary · 0.5 mi away
P. S. 229 Dyker
Elementary · 0.5 mi away
Brooklyn Studio Secondary School
Secondary · 0.5 mi away
Merkaz Bnos Career Institute
School · 0.6 mi away
Elite High School
Secondary · 0.6 mi away
St. Bernadette Catholic Academy
Elementary · 0.6 mi away
Emunas Bais Yaakov High School
Secondary · 0.7 mi away
Bais Yaakov of Bay Parkway
Secondary · 0.7 mi away
Yeshivah Ohel Moshe
School · 0.7 mi away
PS 112 Lefferts Park
Elementary · 0.8 mi away
Magen David Yeshivah School
School · 0.8 mi away
Gold Material Montessori School
Elementary · 0.8 mi away
IS 201
Secondary · 0.8 mi away
Commute Calculator
Nearby Homes
Similar Homes Nearby
Similar Home Values
Comparable nearby listings and their asking prices.
| Address | Price | Beds | Baths | Sq Ft |
|---|---|---|---|---|
| 903 Saint Marks Avenue, Brooklyn, NY | $2,088,000 | 7 | 4 | 4,600 |
| 132 Bay 28th Street, Brooklyn, NY | $2,088,000 | 6 | — | 2,640 |
| 425 39th Street, Brooklyn, NY | $2,090,000 | — | — | 2,450 |
| 815 65th Street, Brooklyn, NY | $2,090,000 | — | — | 1,920 |
| 7812 New Utrecht Avenue, Brooklyn, NY | $2,098,000 | — | — | 2,640 |
| 372 Parkside Avenue, Brooklyn, NY | $2,099,000 | 6 | 4 | 3,000 |
Moving Cost Estimate
EXIT Agents in Brooklyn
Listing Courtesy: RE/MAX Edge - 7186123088
Fair Housing NoticeLast Updated: 2026-02-20