Bay Ridge Real Estate

8501 18th Avenue, Bensonhurst, NY 11214

[Bensonhurst Real Estate, listing number 3331442]
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Description: 3331442
   Priced to deliver over a 6% cap rate, this high-exposure corner mixed-use property presents a rare and compelling investment opportunity in the heart of Bensonhurstâ??s prime 18th Avenue commercial corridor. Situated on a rare triangular corner lot with three-sided frontage, the property offers exceptional visibility and strong branding potential â?? ideal for national tenants such as Starbucks, Dunkinâ??, and other high-volume retail operators seeking premier locations. The surrounding area is anchored by major Asian supermarkets and a dense mix of retail, dining, and service businesses, creating a well-established commercial environment with both strong local demand and destination-driven foot traffic. Conveniently located adjacent to the 18th Avenue / 86th Street subway entrance, and serviced by nearby B1 and B8 bus lines, the property benefits from consistent, all-day pedestrian traffic. According to 2024 data, the station recorded over 1.39 million annual subway entries (excluding bus traffic), ranking among the busiest corridors in Brooklyn. The property features a new boiler, newly relined chimney, and upgraded heating system, significantly reducing near-term capital expenditures and maintenance risk. Delivered vacant at closing, offering maximum flexibility for investors and owner-users to reposition, lease, or operate their own business. Ultra-low property taxes of only $8,418/year further enhance overall investment returns

Details:
   Property Type: Mixed Use
   Built: 1928

Financials:
   Price: $2,880,000

 

E House Realty & Mgt. Inc.
Meijuan (mandy) Jiang
Office: (718)680-2776

provided by Brooklyn Bd of Realtors


 

E House Realty & Mgt. Inc.
Yu (steven) Chen
Office: (718)680-2776

provided by Brooklyn Bd of Realtors