MLS Listing Details - Ideal Properties Realty

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Ideal Property Realty

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With over twelve years of real estate experience, we pride ourselves in delivering results while building relationships that last a lifetime. Ideal Properties Realtyis a full service real estate firm that tailors its services to the satisfaction of our clients. Our ability to guide home buyers, design strategic marketing campaigns, and understand the intrinsic elements of the sales process, makes us the premiere real estate firm in Brooklyn. Our experts are trained to resourcefully assist clients in areas such as selling residential homes, condominiums, and investment properties, as well as handle rentals and leasing.Owning Real Estate is a symbol of responsibility, a source of security, and a part of the American Dream. Our professional work continuously to ensure that process is smooth, sustainable, and easy to understand.To help sellers navigate the real estate process, we begin with an educational course that helps our clients understand the market and how to price their property, and close the deal. Whether you are buying or selling, Ideal Properties Realty will guide you step by step.

Home » MLS Listing Details

8510 Bay 16th Street, Brooklyn, New York, New York 11214

$2,980,000

Property Details

Neighborhood: Bensonhurst Tax Amount: $45854.00 MLS Number: 499099 Bldg Size: 30 x 96 Lot Size: 38 x 103 Lot SqFt: 3927

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.

Property Type Commercial

Property Status: Active