8515 4th Ave Brooklyn, NY 11209
Bay Ridge NeighborhoodEstimated payment $25,231/month
Highlights
- 4,861 Sq Ft lot
- 1-minute walk to 86 Street (R Line)
- Back Yard
- P.S. 264 Bay Ridge Elementary School for the Arts Rated A-
- Tile Flooring
About This Home
There are two buildings, being sold together, the following addresses 8515 & 8517 4th Avenue. 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 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.
Property Details
Property Type
- Other
Est. Annual Taxes
- $81,865
Year Built
- Built in 1921
Lot Details
- 4,861 Sq Ft Lot
- Lot Dimensions are 113 x 42
- Irregular Lot
- Back Yard
- Property is zoned C4-2A
Home Design
- Mixed Use
- Flat Roof Shape
- Brick Exterior Construction
- Slab Foundation
Interior Spaces
- 10,464 Sq Ft Home
- 3-Story Property
- Tile Flooring
- Finished Basement
- Basement Fills Entire Space Under The House
Utilities
- Ductless Heating Or Cooling System
- Heating System Uses Gas
- 110 Volts
- Gas Water Heater
Listing and Financial Details
- Tax Block 6035
Community Details
Overview
- 2 Units
Building Details
- Fuel Expense $22,500
- Insurance Expense $18,200
- Gross Income $337,980
- Net Operating Income $210,915
Map
Home Values in the Area
Average Home Value in this Area
Tax History
| Year | Tax Paid | Tax Assessment Tax Assessment Total Assessment is a certain percentage of the fair market value that is determined by local assessors to be the total taxable value of land and additions on the property. | Land | Improvement |
|---|---|---|---|---|
| 2026 | $83,424 | $907,650 | $162,000 | $745,650 |
| 2025 | $81,865 | $897,300 | $162,000 | $735,300 |
| 2024 | $81,865 | $850,950 | $162,000 | $688,950 |
| 2023 | $80,424 | $828,900 | $162,000 | $666,900 |
| 2022 | $81,322 | $845,100 | $162,000 | $683,100 |
| 2021 | $57,122 | $534,150 | $162,000 | $372,150 |
| 2020 | $38,551 | $719,550 | $162,000 | $557,550 |
| 2019 | $75,654 | $719,550 | $162,000 | $557,550 |
| 2018 | $78,538 | $790,650 | $162,000 | $628,650 |
| 2017 | $71,452 | $754,650 | $85,500 | $669,150 |
| 2016 | $65,817 | $697,950 | $85,500 | $612,450 |
| 2015 | $23,801 | $661,050 | $85,500 | $575,550 |
| 2014 | $23,801 | $636,750 | $85,500 | $551,250 |
Property History
| Date | Event | Price | List to Sale | Price per Sq Ft |
|---|---|---|---|---|
| 05/08/2026 05/08/26 | For Sale | $3,395,000 | -- | $324 / Sq Ft |
Purchase History
We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.
| Date | Type | Sale Price | Title Company |
|---|---|---|---|
| Deed | $440,000 | -- | |
| Deed | -- | -- |
Mortgage History
We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.
| Date | Status | Loan Amount | Loan Type |
|---|---|---|---|
| Open | $420,000 | No Value Available | |
| Closed | -- | No Value Available |
Source: Brooklyn Board of REALTORS®
MLS Number: 501276
APN: 06035-0004
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