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1818 86th St 30,000 SF Vacant Retail Building Brooklyn, NY 11214 $12,600,000 ($420/SF) 4.11% Cap Rate

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EXECUTIVE SUMMARY

Presenting a rare opportunity to own a unique corner elevated commercial building in the heart of the highly sought-after Bensonhurst/Bath Beach neighborhood. This expansive property boasts approximately 30,000 square feet across two levels, plus a full basement, and is ideally situated on one of the most vibrant commercial blocks of 86th Street. The building features ground-floor 5 storefronts, store that also utilizes the second floor as a showroom, and a discount store along the side street. Positioned on a 103x100-foot lot with a building footprint of approximately 91x103 feet, this property offers exceptional visibility and foot traffic. It is conveniently surrounded by essential amenities, including the N train subway station, multiple bus lines, supermarkets, bakeries, banks, restaurants, and more—all within a short distance. This is a prime investment with potential for future rent increase and development—please consult your architect and explore the possibilities under the City of YES initiative. Rent roll available upon request.

FINANCIAL SUMMARY (ACTUAL - 2024)

ANNUAL ANNUAL PER SF
Gross Rental Income $769,200 $25.64
Other Income - -
Vacancy Loss - -
Effective Gross Income $769,200 $25.64
Taxes $229,603 $7.65
Operating Expenses $21,440 $0.71
Total Expenses $251,043 $8.37
Net Operating Income $518,157 $17.27

FINANCIAL SUMMARY (ACTUAL - 2024)

Gross Rental Income
Annual $769,200
Annual Per SF $25.64
Other Income
Annual -
Annual Per SF -
Vacancy Loss
Annual -
Annual Per SF -
Effective Gross Income
Annual $769,200
Annual Per SF $25.64
Taxes
Annual $229,603
Annual Per SF $7.65
Operating Expenses
Annual $21,440
Annual Per SF $0.71
Total Expenses
Annual $251,043
Annual Per SF $8.37
Net Operating Income
Annual $518,157
Annual Per SF $17.27

PROPERTY FACTS

Sale Type
Investment or Owner User
Property Type
Retail
Property Subtype
Storefront Retail/Office
Building Size
30,000 SF
Building Class
C
Year Built/Renovated
1929/2007
Price
$12,600,000
Price Per SF
$420
Cap Rate
4.11%
NOI
$517,860
Percent Leased
Vacant
Tenancy
Multiple
Building Height
3 Stories
Building FAR
2.89
Lot Size
0.24 AC
Zoning
R5 w/ C1-2 overlay - Medium density district with a height limit of 40 fee
Frontage
100’ on 86th St

MAJOR TENANTS

  • TENANT
  • INDUSTRY
  • SF OCCUPIED
  • RENT/SF
  • LEASE END
  • 86th Street Apparel Corp
  • Retailer
  • -
  • -
  • -
  • American Place
  • Retailer
  • -
  • -
  • -
  • Supreme Furniture
  • Retailer
  • -
  • -
  • -
TENANT INDUSTRY SF OCCUPIED RENT/SF LEASE END
86th Street Apparel Corp Retailer - - -
American Place Retailer - - -
Supreme Furniture Retailer - - -
Walk Score®
Walker's Paradise (98)
Transit Score®
Excellent Transit (79)
What is a Walk Score®, Transit Score® & Bike Score®?
Walk Score® measures the walkability of any address.
Transit Score® measures access to public transit.
Bike Score® measures bikeability of a location.
What is a Walk Score®
, Transit Score® & Bike Score?
Walk Score® measures the walkability
of any address. Transit Score®
measures access to public transit. Bike Score®
measures bikeability of a location.®

NEARBY MAJOR RETAILERS

The Little Gym
Santander
Flushing Bank
Bank of America
Valley National Bank
Chase Bank
Apple Bank
Planet Fitness
Starbucks
Key Food

PROPERTY TAXES

PROPERTY TAXES

Parcel Number
06369-0050
Land Assessment
$155,250 (2025)
Improvements Assessment
$2,269,350 (2025)
Total Assessment
$2,424,600 (2025)
Annual Taxes
$229,603 ($7.65/SF)
Tax Year
2024
  • Listing ID: 37897139

  • Date on Market: 10/1/2025

  • Last Updated:

  • Address: 1818 86th St, Brooklyn, NY 11214

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