8515 4th Avenue Brooklyn NY 11209 MLS #495612

This listing includes two buildings, and will be sold as addresses 8515 &#38' 8517 4th Avenue.

Prime Mixed-Use Investment Opportunity In The Heart Of Bay Ridge, 86th St &#38' 4th Ave.

Presenting a three-story mixed-use building situated on a 40&#39'x113&#39' 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&#39's busiest commercial hub, this property is surrounded by national brands, including McDonald&#39'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.

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 at a 5% CAP rate, making it an exceptional investment