Vincent Geraldi
Coldwell Banker Advantage
(646) 502-6217
18 Total Sales
1 in Bay Ridge
$1,090,000 Price
8515 4th Ave Brooklyn, NY 11209
Bay Ridge Neighborhood
--
Beds
--
Baths
10,464
Sq Ft
4,861
Sq Ft Lot
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
As of July 2026There 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.
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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
Ownership 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
Name
Owned For
Owner Type
Purchase Details
Closed on
Jun 5, 2018
Sold by
Sami Shehadeh
Bought by
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$420,000
Outstanding Balance
$356,765
Interest Rate
4.56%
Purchase Details
Closed on
Dec 19, 2012
Sold by
Sabbagh Robert J
Bought by
Wsw 8515-17 Realty Llc
Home Values in the Area
Average Home Value in this Area
Agents Specializing in Bay Ridge, NY
-
Vincent Geraldi
-
Charles Farraj
Charles Farraj
Responds QuicklyWeichert Realtors 1st Premier
(646) 971-1880
18 Total Sales
3 in Bay Ridge
$310K - $1.1M Price Range
-
Isabel Zhen
Isabel Zhen
Responds QuicklyKing Zone Realty Inc
(646) 518-2904
12 Total Sales
1 in Bay Ridge
$1,150,000 Price
-
Irene Sopasoudakis
Irene Sopasoudakis
Compass Greater New York, LLC
(855) 568-1085
1 Total Sale
1 in Bay Ridge
$2,100,000 Price
-
Joseph DeVito
Joseph DeVito
BHHS Fillmore R.E.
(877) 719-3170
42 Total Sales
1 in Bay Ridge
$702,800 Price
-
Danielle Jabour
Danielle Jabour
Jabour Realty Company
(551) 267-7250
84 Total Sales
30 in Bay Ridge
$340K - $4.1M Price Range
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 | -- | -- |
Source: Public Records
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 |
Source: Public Records
Property 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 | Event | Price | List to Sale | Price per Sq Ft |
|---|---|---|---|---|
| 07/09/2026 07/09/26 | Sold | $3,100,000 | -8.7% | $296 / Sq Ft |
| 05/08/2026 05/08/26 | Pending | -- | -- | -- |
| 05/08/2026 05/08/26 | For Sale | $3,395,000 | -- | $324 / Sq Ft |
Source: Brooklyn Board of REALTORS®
Tax 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.
| 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 | $89,206 | $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 |
Source: Public Records
Agents Affiliated with this Home
-
Carol Touma
Seller's Agent in 2026
Carol Touma
Tiger Realty
(718) 885-5454
3 in this area
5 Total Sales
Map
Source: Brooklyn Board of REALTORS®
MLS Number: 501276
APN: 06035-0004
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