8501 18th Ave Brooklyn, NY 11214
Bensonhurst NeighborhoodEstimated payment $16,076/month
Highlights
- Wood Flooring
- 1-minute walk to 18 Avenue (D,M Line)
- Back Yard
- PS 748 Brooklyn School for Global Scholars Rated A
- Heating System Uses Steam
- 2-minute walk to Garibaldi Playground
About This Home
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 Bensonhurst’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 — ideal for national tenants such as Starbucks, Dunkin’, 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
Property Details
Property Type
- Other
Est. Annual Taxes
- $8,418
Year Built
- Built in 1928
Lot Details
- 1,527 Sq Ft Lot
- Lot Dimensions are 29 x 53
- Irregular Lot
- Back Yard
- Property is zoned R5 C1-2
Home Design
- 2,600 Sq Ft Home
- Mixed Use
- Flat Roof Shape
- Brick Exterior Construction
- Block Foundation
Flooring
- Wood
- Tile
Basement
- Walk-Out Basement
- Basement Fills Entire Space Under The House
Utilities
- Heating System Uses Steam
- Heating System Uses Gas
- 220 Volts
- 110 Volts
Community Details
- Insurance Expense $3,600
- Utility Expense $360
- Gross Income $138,000
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 | $8,520 | $89,220 | $14,280 | $74,940 |
| 2025 | $8,038 | $83,640 | $14,280 | $69,360 |
| 2024 | $8,038 | $79,800 | $14,280 | $65,520 |
| 2023 | $7,668 | $83,160 | $14,280 | $68,880 |
| 2022 | $7,451 | $79,440 | $14,280 | $65,160 |
| 2021 | $7,855 | $73,860 | $14,280 | $59,580 |
| 2019 | $6,977 | $69,900 | $14,280 | $55,620 |
| 2018 | $6,414 | $31,464 | $7,712 | $23,752 |
| 2017 | $6,341 | $31,104 | $8,171 | $22,933 |
| 2016 | $6,218 | $31,104 | $9,805 | $21,299 |
| 2015 | $3,539 | $29,460 | $11,147 | $18,313 |
| 2014 | $3,539 | $27,793 | $12,623 | $15,170 |
Property History
| Date | Event | Price | List to Sale | Price per Sq Ft |
|---|---|---|---|---|
| 03/30/2026 03/30/26 | Price Changed | $2,880,000 | -7.1% | $1,108 / Sq Ft |
| 03/06/2026 03/06/26 | Price Changed | $3,100,000 | -5.7% | $1,192 / Sq Ft |
| 02/18/2026 02/18/26 | For Sale | $3,288,800 | -- | $1,265 / Sq Ft |
Source: Brooklyn Board of REALTORS®
MLS Number: 499069
APN: 06344-0008
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Ask me questions while you tour the home.