269 Bay 8Th StBrooklyn, NY 11228

Property Details for 269 Bay 8Th St

Property size (Sq ft)

3,243 SF

Zone code

R4

Property type

Office properties

APN

06459-1003

APU

64591003

Description

This exceptional commercial condo, located at 269 Bay 8th Street in Brooklyn, New York, presents a unique investment opportunity. The property encompasses 3,243 square feet, spread across the first floor and lower level, currently vacant and ready for immediate occupancy. Priced at $899,000, this translates to a compelling price per square foot of $277.21. The building features central heating and cooling, ensuring year-round comfort for tenants. The property is zoned R4, offering flexibility for a variety of commercial uses. Its convenient location provides easy access to the Belt Parkway, enhancing accessibility and logistical efficiency for businesses. This is a traditional office space ideal for a variety of uses, offering a strong return on investment in a vibrant Brooklyn neighborhood. The address is 269 Bay 8th Street, Brooklyn, NY 11228, Kings County. The property is a vacant commercial condo, ready for immediate renovation and occupancy to suit the buyer's specific needs. This presents a rare opportunity to acquire a well-located, sizable office space in a thriving area of Brooklyn.

• CAP approach

  CAP return

  Valuation

  6%

  $536,165

  6.5%

  $494,921

  7%

  $459,570

• Comparable approach

  Method

  Valuation

  Relative Method

  $423,730

  Geo Method

  $423,730

• Alternative Use

  Use

  Valuation

  Residential

  $613,702

  Hospitality

  $562,148

  Educational

  $467,701

  Medical

  $483,786

  Retail

  $727,534

Location Insight

City

Brooklyn

County

Kings

State

New York

Latitude

40.6063

Longitude

-74.0157

CBSA code

35620

CBSA name

NEW YORK-NORTHERN NEW JERSEY-LONG ISLAND, NY-NJ-PA METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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