8515-8517 4th Ave 10,300 SF 100% Leased Retail Building Brooklyn, NY 11209 $4,652,542 CAD ($451.70 CAD/SF) 7% Cap Rate

PRIME MIXED-USE INVESTMENT OPPORTUNITY IN THE HEART OF BAY RIDGE, 86TH & 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 minutes away from the multi-million redevelopment site of the former Century 21 Department Store. Unmatched accessibility to public transit, with the R-train and multiple major bus lines right outside the door.
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.