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  2. 8515-8517 4th Avenue
  • 8515-8517 4th Avenue
  • $ 4,400,000
8515-8517 4th Avenue Bay Ridge Brooklyn NY 11209
8515-8517 4th Avenue Bay Ridge Brooklyn NY 11209
8515-8517 4th Avenue Bay Ridge Brooklyn NY 11209
8515-8517 4th Avenue Bay Ridge Brooklyn NY 11209
8515-8517 4th Avenue Bay Ridge Brooklyn NY 11209
8515-8517 4th Avenue Bay Ridge Brooklyn NY 11209

8515-8517 4th Avenue

Bay Ridge   |   85th street & 86th street

Building For Sale
$ 4,400,000
Ownership Mixed Use
Lot Size 43'x113'
Status Active
Real Estate Taxes [Per Annum] $ 79,146
 

Photos

8515-8517 4th Avenue Bay Ridge Brooklyn NY 11209
8515-8517 4th Avenue Bay Ridge Brooklyn NY 11209
8515-8517 4th Avenue Bay Ridge Brooklyn NY 11209
8515-8517 4th Avenue Bay Ridge Brooklyn NY 11209

Maria Castellano

License Licensed As: Maria Castellano

Licensed Real Estate Broker/Owner


W: 718-236-1800
M: 917-318-1775
8515-8517 4th Avenue Bay Ridge Brooklyn NY 11209

Property Description

Prime Mixed-Use Investment Opportunity In The Heart Of Bay Ridge, 86th St & 4th Ave. Presenting a three-story mixed-use building situated on a 40'x113' lot with a total building size of 10,464 sq ft. Zoning: C4-2A with approximately 2,200 sq ft additional buildable FAR. Located in the center of Bay Ridge's busiest commercial hub, this property is surrounded by national brands, including McDonald's, Chipotle, GAP, Chase Bank, Pandora, Banana Republic, Sephora, and Victoria’s Secret. It is also steps away from the multi-million redevelopment site of the former Century 21 Department Store. Ground floor: Expansive retail space, Diamond Braces, currently pays 90% of water/sewer and 50% of real property taxes/ assessments over the 2020/2021 base year $74,870. Second floor: Two commercial units, ideal for office or professional use. Third floor: Two spacious three-bedroom apartments offering solid rental income potential. This property is a rare opportunity for investors seeking a versatile asset in a prime location with strong commercial and residential income streams. The building is projected at a 5.7% CAP rate, making it an exceptional investment
Prime Mixed-Use Investment Opportunity In The Heart Of Bay Ridge, 86th St & 4th Ave. Presenting a three-story mixed-use building situated on a 40'x113' lot with a total building size of 10,464 sq ft. Zoning: C4-2A with approximately 2,200 sq ft additional buildable FAR. Located in the center of Bay Ridge's busiest commercial hub, this property is surrounded by national brands, including McDonald's, Chipotle, GAP, Chase Bank, Pandora, Banana Republic, Sephora, and Victoria’s Secret. It is also steps away from the multi-million redevelopment site of the former Century 21 Department Store. Ground floor: Expansive retail space, Diamond Braces, currently pays 90% of water/sewer and 50% of real property taxes/ assessments over the 2020/2021 base year $74,870. Second floor: Two commercial units, ideal for office or professional use. Third floor: Two spacious three-bedroom apartments offering solid rental income potential. This property is a rare opportunity for investors seeking a versatile asset in a prime location with strong commercial and residential income streams. The building is projected at a 5.7% CAP rate, making it an exceptional investment

Listing Courtesy of Hometown Properties

Maria Castellano

License Licensed As: Maria Castellano

Licensed Real Estate Broker/Owner


W: 718-236-1800
M: 917-318-1775

Care to take a look at this property?

Apartment Features

Exposed Bricks
8515-8517 4th Avenue Bay Ridge Brooklyn NY 11209
8515-8517 4th Avenue Bay Ridge Brooklyn NY 11209

Building Details [8515-8517 4th Avenue]

Ownership Mixed Use
Block/Lot 6035/4
Floors 3
Lot Size 43'x113'

Mortgage Calculator in [US Dollars]

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Loan Amount

Maria Castellano

License Licensed As: Maria Castellano

Licensed Real Estate Broker/Owner


W: 718-236-1800
M: 917-318-1775
BNYMLS All information furnished regarding this or any property listed for sale or rent is gathered from sources deemed reliable. Though we have no reason to doubt the accuracy or validity of this information, we make no warranty or representation as to the accuracy thereof and same is submitted subject to errors, omissions, change of price, rental or other conditions, prior sale, lease or withdrawal without notice. It is strongly recommended that the prospective purchaser or tenant shall carefully review each item of size, dimensions, real estate taxes, expenses, legal use and any other information presented herein.
All information furnished regarding property for sale, rental or financing is from sources deemed reliable, but no warranty or representation is made as to the accuracy thereof and same is submitted subject to errors, omissions, change of price, rental or other conditions, prior sale, lease or financing or withdrawal without notice. All dimensions are approximate. For exact dimensions, you must hire your own architect or engineer.
MLSID: 495612